Friday, 15 May 2020

The Financial & Trading Skills Index

The DailyFX Global Financial Centres Index (GFCI) reveals data on the mostlucrative and widely available finance and graduate roles in top 20 cities around the world.

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How to Invest During a Recession: Investments & Strategy

Economic recessions are often accompanied by stock market crashes and extended periods of low returns. Here are some of the best investments to hold during a recession.

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Australian Dollar Could Wilt As Reality of Covid Recession Sinks In

The Australian Dollar has posted impressive gains from this year’s lows, but can they last as the global data cycle sours?

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Canadian Dollar Price Outlook: Will Resistancec Stall the USD/CAD Pop?

The US Dollar exhibited strength this week as USD/CAD moved off support and looks to test overhead resistance nearby. The level has stalled prior rallies, will it spark a reversal lower this time?

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Stock Market Forecast: Should I Sell in May and Go Away?

Will the ‘sell in May and go away’ stock market anomaly come to fruition this year amid coronavirus recession risk and rekindled US-China trade war tension? Or will Fed balance sheet growth and fis...

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US Dollar Inches Higher Following Consumer Sentiment Report

The US Dollar ticks higher on better than expected consumer sentiment data for May, but remains suppressed after terrible retail sales data released earlier Friday

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Australian Dollar Forecast: AUD/USD at Risk From US/China Trade Wars 2.0

The Australian Dollar looks set to come into the cross-fires once again as US-China trade tensions pick up.

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EUR/USD, GBP/USD, DXY – USD Charts For Next Week

The Dollar range at some point will break, and once it does the Euro and Sterling will be at the epicenter; DXY levels to watch on the top and bottom-side.

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US Recession Watch, May 2020 - US Yield Curve Hides the Truth

The Federal Reserve’s extraordinary stimulus efforts have had an understandable impact on the US Treasury yield curve – which has lost some utility.

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US Dollar Biding Time Ahead of Crucial US Retail Sales Data

The US dollar is struggling to move higher and may face further a further obstacle in the shape of the latest release of US consumer spending in April which is expected to hit a record low.

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USD/MXN – Dollar vs Peso Price Action, the Good and the Bad

USD/MXN continues to chop sideways giving traders in the near-term difficulty, but there should be good signaling soon.

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Euro Latest: German GDP in Crash Mode, EUR/USD Eyes Crucial Trendline

German Q1 GDP contracts 2.2%. Euro Unmoved as Tight Range Persists.

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British Pound (GBP) Latest: GBP/USD and EUR/GBP Test Limits, Brexit and COVID-19 Updates

Sterling has weakened over the course of the week and is now testing multi-week support levels as sentiment weakens. A new research article suggests that the spread of COVID-19 in London has fallen...

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US Dollar May Rise vs Euro on Retail Sales, Eurozone GDP Data

The US Dollar may rise if retail sales and consumer confidence data sour risk appetite while the Euro may suffer after Eurozone GDP data is released in a politically-battered region.

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Thursday, 14 May 2020

Crude Oil Holds Gains On Hopes Huge Stockpiles Can Be Run Down

Crude oil markets are still stuck between the demand collapse inspired by Covid and hopes that production cuts will start to erode inventory.

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AUD Rates Hold May Range Despite Record Drop in Australia Employment

AUD/USD may face range bound conditions despite the record drop in Australia Employment as the decline from earlier this month sputters ahead of the May low (0.6373).

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Hang Seng May Struggle as Yen Gains if US-China Tensions Resurface

The Hang Seng could struggle if US-China trade tensions resurface, denting Hong Kong’s economy amid the coronavirus. Such an outcome could boost the anti-risk Japanese Yen.

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Australian Dollar Steady As China Industrial Production Registers Big Beat

The Australian Dollar didn't move far on a mixed bag of Chinese numbers which showed industry powering ahead despite Covid while retail sales and investment lag.

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Silver and Gold Prices May be at Risk of a Short-Term Pullback

Silver and gold prices may be at risk of a short-term pullback as the uptrends that pushed the precious metals higher show signs of fragility.

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Canadian Dollar, Crude Oil, Dow Jones Gain with Financial Stocks

The Canadian Dollar gained with crude oil prices as financial stocks lead the Dow Jones higher. Ahead, Asia Pacific equities may rise which could bode well for the Australian Dollar.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...