Dow Jones skyrockets higher as the stock market recovery continues on the back of coronavirus vaccine hopes and rebounding economic activity, but the 'sell in May and go away' anomaly still threate...
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Tuesday, 26 May 2020
Dow Jones Index Remains at Multi-Month High Following Consumer Confidence
The Dow Jones Index remains higher after The Conference Board's Consumer Confidence Index printed 86.6 for May, stabilizing the index from its sharp drop in the months prior.
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EUR/USD Rallying Towards a Multi-Week High, ECB And Bundesbank May Clash
A bout of risk-on sentiment is pushing the Euro higher against the US dollar and back towards levels last seen in March.
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US Dollar Drops as S&P 500 Futures Break Key Barrier - US Market Open
US futures on the front-foot, while the US Dollar is coming under sizeable selling pressure.
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Stocks, AUD, GBP, EUR Sentiment Lifted by Lockdown Easing | Webinar
Trader confidence in ‘risk on’ assets including stock market indexes and currencies such as the Australian Dollar, the British Pound and the Euro has improved as coronavirus lockdowns are eased.
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Gold Price Remains Constrained, Risk-On Rally Stalls Upside Progress
Gold continues to consolidate in a tight range with political risk and market optimism battling to take control of near-term price action.
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US Dollar Shorts Slashed, GBP/USD & EUR/USD Shorts Pick-Up - COT Report
Speculative US Dollar shorts slashed. Investors defensive on risk sensitive currencies amid US-China tensions.
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Gold Prices Echo US Dollar Drop as Market Mood Improves
Gold prices are finding support despite typically unfriendly market conditions as the US Dollar swoons, boosting the appeal of anti-fiat alternatives.
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British Pound (GBP) Latest: GBP/USD Holds Support, Creeping Higher
GBP/USD continues to edge ahead despite a political storm over UK Prime Minister Boris Johnson’s chief adviser Dominic Cummings.
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Monday, 25 May 2020
EUR/USD Rate Tracks Monthly Range While ECB Rules Out V-Shape Recovery
EUR/USD may trade within a more defined range over the remainder of the month as the recent rebound in the exchange rate fails to trigger a test of the May high (1.1020).
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US Dollar May Rise as SGD Falls on US-China Woes, Indian Rupee at Risk
The US Dollar could rise against ASEAN currencies such as the Singapore Dollar as US-China tensions seem to escalate. The Indian Rupee is also looking ahead of local 1Q GDP data.
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AUD May Fall on Australia-China Tensions, Euro Eyes €500b Proposal
The AUD may suffer as relations between Australia and China deteriorate amid dwindling growth prospects. Euro traders will be closely watching progress in talks about a €500b recovery fund proposal
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USD/CAD Rate to Face Record Decline in Canada GDP
Canada’s 1Q Gross Domestic Product (GDP) report may influence USD/CAD as the update is expected to show the biggest contraction since the data series began in 1961.
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Markets Weekly Outlook: US Dollar, Dow Jones, Australian Dollar, Crude Oil
The US Dollar has slowed its descent with the Dow Jones leveling off as crude oil prices rise with lockdown easing bets. US-China tensions seem to be heating up which could complicate virus economi...
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Crude Oil Prices May Be Plotting a Return to $40/Barrel WTI
Crude oil prices may be setting up for a rebound to revisit the $40/barrel level on the WTI benchmark. Gold prices are struggling to make good on an upside break.
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Euro Outlook Appears Bearish Ahead of German IFO Data
The Euro may suffer versus its G10 counterparts after German IFO data is released as the region wrestles with the recession-inducing coronavirus pandemic.
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Sunday, 24 May 2020
Gold Price Outlook Mired Ahead of June by Negative RSI Slope
The price of gold may consolidate throughout the final week of May as the Relative Strength Index (RSI) reverses ahead of overbought territory and tracks a negative slope.
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US Dollar May Rise as SGD Falls on US-China Woes, Indian Rupee at Risk
The US Dollar could rise against ASEAN currencies such as the Singapore Dollar as US-China tensions seem to escalate. The Indian Rupee is also looking ahead of local 1Q GDP data.
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AUD May Fall on Australia-China Tensions, Euro Eyes €500b Proposal
The AUD may suffer as relations between Australia and China deteriorate amid dwindling growth prospects. Euro traders will be closely watching progress in talks about a €500b recovery fund proposal
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NZD/USD Rate Vulnerable to Dovish RBNZ Financial Stability Review
Fresh remarks coming out of the Reserve Bank of New Zealand (RBNZ) may drag on NZD/USD as the central bank retains a dovish forward guidance for monetary policy.
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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...
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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....