something interesting

<  BACK TO Market Analysis

PIG TODAY-USD, EUR, JPY, GBP, CAD, AUD, NZD: Weekly Outlook - Morgan Stanley

 

 

USD: Election Results Support USD. Bullish.

The election results reinforce our structural USD bullish view. Three major policy initiatives (fiscal stimulus, trade, corporate tax reform) are likely to be USD positive and the markets focus on reflation should push USD higher against the low yielders, namely USDJPY. We expect the Fed to remain on track and we may finally see a more balanced mix of monetary and fiscal policy, lessening the need for more easing. Certainly we will be focused on policy implementation and upcoming US data but we think the USD is back in its long-term bull trend.

EUR: Bullish on the Crosses. Neutral.

We expect EUR crosses to remain well supported but EUR may have some downside against the USD driven by the rise in US yields, though this downside is likely to be limited as long as the EMU break-up probability does not increase. Trump's surprise win in the US election has put markets' focus back on the reflation theme. As long as the anti-globalisation rhetoric remains subdued, the prospects of rising inflation, supported by the recent tick up in EMU inflation, could bring the ECB tapering debate back on the table, driving EMU yields and consequently the EUR up. The steepening US yield curve may also spill over into the EMU, driving EMU curves steeper which would also support a higher EUR. We continue to expect EUR crosses to trade higher, particularly against JPY.

JPY: Bullish USDJPY. Bearish.

Reflationary impulses support our structural bullish USDJPY view. Fiscal stimulus led yield curve steepening and positive risk appetite make long USDJPY one of our favorite trades. The BoJ's yield curve management ensures that global yield curve steepening pushes rate differentials against JPY. In addition, JPY long positioning has further to unwind. Higher long end US yields may also be accompanied by higher short-term US yields with our expectations for a December rate hike. Lastly, a global fiscal stimulus impulse may push the MoF to take part which, with long term yields pinned, could provide a substantial boost to Abenomics and weaken JPY further.

GBP: Outlook Stabilised for Now. Neutral.

Recent developments have stabilised the near-term outlook for GBP, we think. The UK High Court ruling against the government may, subject to a Supreme Court appeal, give Parliament the right to vote on Article 50, which may reduce the risk of a 'hard Brexit' given majority of the MPs were in support of Remain. Additionally, the EU's Brexit Negotiator Barnier saying the EU's Brexit approach will be "neither aggressive or naïve" added some upside for GBP. The BoE has also shifted from a dovish to a neutral stance, limiting the downside for GBP. Coupled with the potential for the market's large short GBP positioning to adjust, we think GBP could stage a rebound in the near term. Accordingly, we hold on to our long GBPJPY position in our portfolio*.

CAD: Vulnerable to Trade. Bearish.

Trump's threats to renegotiate NAFTA has put CAD back into focus. While not nearly as vulnerable as MXN, we think CAD will underperform as a result. Trade uncertainty at the very least will add to additional risks to the export sector which has been underperforming. Still, the bar for easing from the BoC is high; the latest BoC meeting showed the Bank revising down their outlook but still keeping rates on hold and actually changing their rate bias to neutral (from dovish). Thus, we must watch for the actual implementation of trade policy and as well as upcoming data but we see USDCAD rising from our broad USD view and expect CAD to underperform other commodity currencies.

AUD: Structurally Bearish. Neutral.

We remain structurally bearish AUD but see competing factors driving its outlook in the near-term. AUD has been vulnerable to rising US yields and a stronger USD but is also supported by positive risk sentiment and rising metals prices. In the medium-term, we haven't changed ourview. China's property sector is at risk of slowing in the coming quarters given the authorities are starting to show signs of clamping down on the housing market, which would reduce iron ore imports from Australia. Australia's labour market also deteriorated further in September, which was a concern for the RBA's new governor. This, coupled with mining investment staying weak and the housing market expected to slow next year, means the RBA may need to cut rates to stimulate the economy.. It is difficult to say when China will slow given the inherent uncertainty of its economy so we are comfortable trading AUD short a little too early to manage this risk.

NZD: Range Trading. Neutral.

The RBNZ delivered a hawkish cut yesterday by bringing rates to 1.75% but removing their easing bias and introducing more two way risk for rates in the future. We expect NZD to range trade for now. The growth outlook has improved as have New Zealand's terms of trade. However, NZD remains vulnerable to a hit to risk appetite or higher US bond yields. We don't see much risk of additional rate cuts without a hit to the growth outlook but do see rising risk of FX intervention. The last time the RBNZ sold NZD in large size was 2014 when the TWI was only a bit higher than current levels. It is not our base case but the threat of intervention should limit some further appreciation.

Source: efxnews.com

 

 

USD: Election Results Support USD. Bullish.

The election results reinforce our structural USD bullish view. Three major policy initiatives (fiscal stimulus, trade, corporate tax reform) are likely to be USD positive and the markets focus on reflation should push USD higher against the low yielders, namely USDJPY. We expect the Fed to remain on track and we may finally see a more balanced mix of monetary and fiscal policy, lessening the need for more easing. Certainly we will be focused on policy implementation and upcoming US data but we think the USD is back in its long-term bull trend.

EUR: Bullish on the Crosses. Neutral.

We expect EUR crosses to remain well supported but EUR may have some downside against the USD driven by the rise in US yields, though this downside is likely to be limited as long as the EMU break-up probability does not increase. Trump's surprise win in the US election has put markets' focus back on the reflation theme. As long as the anti-globalisation rhetoric remains subdued, the prospects of rising inflation, supported by the recent tick up in EMU inflation, could bring the ECB tapering debate back on the table, driving EMU yields and consequently the EUR up. The steepening US yield curve may also spill over into the EMU, driving EMU curves steeper which would also support a higher EUR. We continue to expect EUR crosses to trade higher, particularly against JPY.

JPY: Bullish USDJPY. Bearish.

Reflationary impulses support our structural bullish USDJPY view. Fiscal stimulus led yield curve steepening and positive risk appetite make long USDJPY one of our favorite trades. The BoJ's yield curve management ensures that global yield curve steepening pushes rate differentials against JPY. In addition, JPY long positioning has further to unwind. Higher long end US yields may also be accompanied by higher short-term US yields with our expectations for a December rate hike. Lastly, a global fiscal stimulus impulse may push the MoF to take part which, with long term yields pinned, could provide a substantial boost to Abenomics and weaken JPY further.

GBP: Outlook Stabilised for Now. Neutral.

Recent developments have stabilised the near-term outlook for GBP, we think. The UK High Court ruling against the government may, subject to a Supreme Court appeal, give Parliament the right to vote on Article 50, which may reduce the risk of a 'hard Brexit' given majority of the MPs were in support of Remain. Additionally, the EU's Brexit Negotiator Barnier saying the EU's Brexit approach will be "neither aggressive or naïve" added some upside for GBP. The BoE has also shifted from a dovish to a neutral stance, limiting the downside for GBP. Coupled with the potential for the market's large short GBP positioning to adjust, we think GBP could stage a rebound in the near term. Accordingly, we hold on to our long GBPJPY position in our portfolio*.

CAD: Vulnerable to Trade. Bearish.

Trump's threats to renegotiate NAFTA has put CAD back into focus. While not nearly as vulnerable as MXN, we think CAD will underperform as a result. Trade uncertainty at the very least will add to additional risks to the export sector which has been underperforming. Still, the bar for easing from the BoC is high; the latest BoC meeting showed the Bank revising down their outlook but still keeping rates on hold and actually changing their rate bias to neutral (from dovish). Thus, we must watch for the actual implementation of trade policy and as well as upcoming data but we see USDCAD rising from our broad USD view and expect CAD to underperform other commodity currencies.

AUD: Structurally Bearish. Neutral.

We remain structurally bearish AUD but see competing factors driving its outlook in the near-term. AUD has been vulnerable to rising US yields and a stronger USD but is also supported by positive risk sentiment and rising metals prices. In the medium-term, we haven't changed ourview. China's property sector is at risk of slowing in the coming quarters given the authorities are starting to show signs of clamping down on the housing market, which would reduce iron ore imports from Australia. Australia's labour market also deteriorated further in September, which was a concern for the RBA's new governor. This, coupled with mining investment staying weak and the housing market expected to slow next year, means the RBA may need to cut rates to stimulate the economy.. It is difficult to say when China will slow given the inherent uncertainty of its economy so we are comfortable trading AUD short a little too early to manage this risk.

NZD: Range Trading. Neutral.

The RBNZ delivered a hawkish cut yesterday by bringing rates to 1.75% but removing their easing bias and introducing more two way risk for rates in the future. We expect NZD to range trade for now. The growth outlook has improved as have New Zealand's terms of trade. However, NZD remains vulnerable to a hit to risk appetite or higher US bond yields. We don't see much risk of additional rate cuts without a hit to the growth outlook but do see rising risk of FX intervention. The last time the RBNZ sold NZD in large size was 2014 when the TWI was only a bit higher than current levels. It is not our base case but the threat of intervention should limit some further appreciation.

Source: efxnews.com

lastest Articles

Market Analysis
Crude Oil Futures: Upside looks limited
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
ECB’s Lagarde: Economic recovery would be constrained, uncertain and fragmented
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Gold eyeing $1,800, dollar mixed, as coronavirus, Hong Kong peg move markets
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold Price Analysis: Holds steady above $1775 level, bullish bias remains
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
BOJ to project economic recovery in report next week – Reuters
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Chinese optimism downs dollar as investors ignore US coronavirus, data eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead – Economic Reopening Continues
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Stocks' strength, dollar downing face Non-Farm Payrolls test as Trump endorses masks
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
BoE's Haskel: Activity appears to be coming back faster than anticipated
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Company News
GBP Bank Account
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Gold shines, markets look for direction after a successful Q2, ahead of busy start to Q3
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold eases below $1770 level, downside seems limited
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD: Europe fights coronavirus and stuns the dollar
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Markets attempt to shrug off grim coronavirus developments
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead – Jitters Continue into Busy Week
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
US Dollar Index clings to gains near 97.50 ahead of data
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
ECB’s Lagarde: Economic recovery will be a complicated matter
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold sticks to the positive outlook
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD Price Analysis: Focus now shifted to 1.1170
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Dollar dominates, gold shines as coronavirus rages in the US, triple data release eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD Price Analysis: Rising bets for a test of 1.1400 and beyond
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD recedes from tops above 1.1300
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold: Falling US Real Yields fuels bull trend towards new highs at $1921 – Credit Suisse
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Risk rides the Navarro rollercoaster, Eurozone/ UK PMIs, virus stats in focus
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
BoE is seen increasing further the size of QE – UOB
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Risk-recovery back in play, US dollar recedes with second-wave virus fears
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead – Markets play tug-of-war with Covid-19 concerns and reopening momentum
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Coronavirus, weak data outweigh reopening optimism, BOE, jobless claims eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
ECB's de Guindos: Better if EU aid is distributed via grants rather than loans
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold Price Analysis: XAU/USD slumps toward $1,710 on improving risk sentiment
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Dollar up as health, geopolitics replace consumer optimism, Powell, COVID-19 data eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold clings to modest daily gains, around $1730 area
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Double stimulus talk downs dollar ahead of Powell's power-play, US retail sales
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Coronavirus concerns trigger dollar domination, commodity currencies climb down
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead – Market Recovery Under Threat?
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Houston, we have a problem, US coronavirus, Fed gloom, crash markets, consumers eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Obsessed
Killing Hope ( Before it Kills You )
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Euro Fails at Resistance as Federal Reserve Expands Lending Program
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Can the dollar lick its wounds? Fed speculation, geopolitics, and data eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP/USD: Brexit, coronavirus and protests to pressure the pound
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold: The beginning of the end, $1600 by Q3
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Dollar looking for a new direction after the excellent Non-Farm Payrolls, Lagarde eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead – The Recovery Continues
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD: 1.1333 initial target reached, aims 1.1495 March peak – Commerzbank
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Crude Oil Futures: Cautiously positive
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Risk-on mood continues downing the dollar and yen, will Non-Farm Payrolls change that?
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Breaking: ECB leaves key rates unchanged, expands PEPP by €600 billion
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
ECB press conference: Lagarde speech live stream – June 4
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Dollar struggles to recover as US protests calm, data beats, all eyes on ECB stimulus
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD: Room for further gains, albeit with a temporary retreat
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold Price Analysis: XAU/USD drops back to $1720 amid risk-on rally in equities
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: US unrest? Stocks remain restless, extend surge, dollar dives to new lows, top NFP hints eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold Price Analysis: XAU/USD finds resistance near $1,745, drops toward $1,730
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Russian oil output falls to 9.39 million bpd in May, close to OPEC+ goal – Interfax
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP/USD: Brexit breakthrough and US demonstrations over George Floyd death to boost the pound
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead – Sino-US Tensions Come to the Fore
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Crude Oil Futures: Look neutral near-term
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Only a correction? Dollar trying to lick its wounds amid Sino-American tensions
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Company News
Archiving Inactive Accounts & Server Boost
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Trump urges states to open ‘ASAP’ as Dow surges
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold Price Analysis: Battle lines well-defined, can it break higher?
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Vaccine, Opening optimism overwhelms dollar, Sino-American tensions ignored (for now)
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD: At risk of extending its slide
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Russia to temporarily ban oil product imports – Interfax
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Dollar in demand amid high Sino-American tensions, thin liquidity expected
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead – Reopening Momentum and China in focus
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
BOE’s Ramsden: It is reasonable to have an open mind on negative rates
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
FOMC minutes: Ready to pump in extra stimulus – UOB
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Oil prices tumble alongside global equities amid fears about China turbulence
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
PBoC keeps extra easing on the table – UOB
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
US Dollar Index Price Analysis: Door open to further retracements
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold Price Forecast: XAU/USD Rally Loses Steam
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
US Crude Oil Stocks Change at -5 million barrels in week ending May 15
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold: Investors continue buying the yellow metal
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Dollar decline resumes after breather due to vaccine doubts, Fed remains in focus
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Powell speech: Continuing to look at ways to accommodate additional borrowers
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Reasons for the US dollar weakness
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold Price Analysis: Needs to recapture $1,747 to resume rally
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
After two months, regulators remove short-selling bans
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD: The downside is more appealing than the upside
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Play down Powell and risk-on, markets also ignore Sino-American tensions, gold shines
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead – More Easing on the Way
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
UK: Major downgrade to the GDP forecast – ABN Amro
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
RBNZ: Rates on hold, QE expanded – UOB
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Dollar dominates after Powell's push back, darkening global clouds, ahead of claims
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EIA: US Crude Oil Stocks Change at -0.7 million barrels in week ending May 8
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Breaking: FOMC Chairman Powell says additional policy measures may be needed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Euro Latest: EUR/USD Could Break Lower, Powell Speech in Focus
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Oil storage crisis fading on global production cuts and recovering demand
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Fed's Bullard: Cannot continue economic shutdown for too long
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold Price Analysis: Sustains the bounce above $1700 ahead of US CPI
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold trades with modest gains, just above $1700 mark
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
US Dollar in Favour vs EUR/USD & GBP/USD, CHF Bulls Rise - COT Report
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Markets shrug off horrible US jobs data, Bitcoin tumbles ahead of halving, lockdowns eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead – Reopening economies appear to be the only trade in town
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold retreats from daily highs, steadies above $1,710
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Oil: A drop in value does not mean it is a bargain
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
NFP: The worst report is the best for the US dollar
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Australia heads for worst GDP contraction since at least 1960
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold rallies to fresh highs for the month as US dollar and US yields sink
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613