something interesting

<  BACK TO Market Analysis

Forex Week Ahead – The Recovery Continues

Recovery_continues_Forex_FXPIG

The latest employment report had every economist scratching their head.  The stunning 2.51 million jobs created in May is leading many investors to become even more optimistic that the underlying economy is improving.  The worst might be behind us but risks remain to the outlook.  Some investors believe unprecedented stimulus from global central banks will drive the economic rebound and continue to support their dollar bearish bets.  If the global economic revival continues, a tall task at hand when you consider the China risk and coronavirus second wave concerns, the greenback losing streak could continue.

The week ahead will focus the Fed’s upcoming rate decision and reopening momentum across the globe. Two highly coveted reports will also be released by the World Bank and the OECD, which will only represent their best guess on how the global economic recovery will turn out.  Investors will also pay attention to the euro-area finance ministers’ next round of talks with the EU’s recovery package and the Eurogroup presidency succession.  US-China trade tensions will also remain a focal point as both sides continue to exchange jabs.

Country

US

After getting an A for their swift and strong response to the coronavirus pandemic, the Fed now needs to wait and see how the recovery unfolds.  Wednesday’s policy decision announcement should be an easy one for Powell and company.  The next natural step seems for them to consider adopting yield-curve control.  This would make the Fed target yields for possibly two-or five-year maturities.

Following a surprisingly robust nonfarm payroll report, many investors will start to doubt we may see another strong fiscal response by the US government.  Stimulus provided stocks a safety net, but now the next part of the rally will solely rely on improving economic activity.

The reopening of the US economy continues with New York City expected to reach their first phase of reopening on Monday.  While New York continues to have the right trajectory regarding new coronavirus cases, concerns are growing that the recent protests could result in a significant spike of cases.  Health experts are also growing cautious that many parts of the country are starting to see higher cases and that could eventually derail many states from reaching their next reopening phase.

US Politics

President Trump was always in re-election mode, but now he can resume in-person funding.  Trump’s first fundraiser in two months will take place on Thursday in Dallas with 25 attendees.  The election is under five months away and the recent trend has former-VP Biden slowly widening his lead.  It is still very early, but financial markets will soon need to start pricing in the possibility that Biden could win the Presidency and that the Democrats could take the Senate back.

UK

The economy is continuing to reopen, despite widespread concern about whether measures are being unwound too soon. Still, the numbers continue to improve. That will be tested in the coming weeks though, especially if the good weather continues and people flock to beaches and parks.

Europe

The ECB increased purchases under PEPP by €600 billion this week and extended it until June 2021, taking the program to €1.35 trillion and asset purchases under all programs this year to a record €1.4 trillion. The move comes on top of the proposed recovery package from the European Commission last week and no doubt contributed to the ongoing rally in equity markets this week. Central banks once again proving that any talk of policy tools being exhausted is extremely premature.

Turkey

The lira has steadied over the last few weeks. It’s more than 6% off its lows but still around 15% below January levels. The decline in the dollar recently may have alleviated some of the pressure on the currency, if that reverses, the lira’s good fortune could change fast. But the economy is emerging from the lockdown and reported coronavirus cases have fallen considerably. The crisis is far from over and the economy had major problems long before the pandemic but the situation appears to be improving.

China

China Balance of trade released on Sunday. Deterioration expected. Large miss either way will set the tone for Monday in Asia. Otherwise markets will be susceptible to increased trade/Hong Kong rhetoric.

Hong Kong

Protests have died down for now over the securities law. Possible resurgence this weekend. HSBC and Stan Chart under fire for backing China’s HK security law. No significant data this week.

India

Economy starts reopening this week which should be positive for markets. Standoff with China continues in the Himalayas and non-bank financial woes continue to impact sentiment. No significant data.

Australia

AUD and equity rally continue with strong momentum. NAB biz confidence Tuesday and Westpac cons. Confidence Wednesday. Neither are likely to have more than short-term impact. AUD and Aust. equities are a strong proxy for global recovery. Sentiment and news in that space will be the primary risk/driver.

Japan

Japan’s final GDP Q1 on Monday. Machinery orders and PPI Wednesday. Industrial Production Friday. Nikkei has performed strongly, but repeated outbreaks of COVID-19 in Tokyo could sap sentiment. Supplementary budget before Parliament this week.

Market

Oil

After much back and forth, it seems OPEC + is poised to meet over the weekend to finalize a production cut extension deal.  The holdup was Iraq and late on Thursday they announced they will fully implement their share of oil production cuts by the end of July.  Oil prices headed for a sixth weekly gain but are slightly softer as energy traders are taking the Iraqi announcement “with a grain of salt.” Iraq has a new government and is desperate for cash, so compliance is likely to be short-lived. A deadlock could have flooded the oil market and undermined the unprecedented oil price recovery.

Now that the Saudis and Russians are working together again, the focus for this next round of OPEC+ talks are with the cheaters, primarily Iraq (Nigeria, Angola and Kazakhstan).  The risk seems low that they will fail to reach an agreement to extend cuts for one more month, but if talks stall oil prices will tank.  There still could be a chance that they manage to stretch the cut deal to three months, but energy traders would be extremely skeptical that compliance would remain high beyond July. Floating oil storage levels have moderated over the past few weeks and tank top concerns have eased, but if the floodgates are released, we could see another major selloff.  OPEC+ should still be motivated to keep prices firm here, but if WTI crude rallies above $45, they will be saving the US shale industry.

A big part of yesterday’s oil rally came from American Airlines announcement that they will boost their July flights by 74% from the prior month, as the US consumer seems ready to return to travel.  The crude demand recovery expects air travel to lag, so any surprises with improving air travel will be very supportive for oil prices.  The 74% increase would however only represent about 40% of what was done last year.  Jet fuel and diesel products saw sharp increases. Some insiders are also questioning the inventory data and that the government may have overreported.  If we see a correction with the reporting of US inventories, that may help bring the market to balance a lot faster. Hurricane season is here, and fears are high this could be one of the worst ones since 2005 when we had Hurricane Katrina.  Tropical Storm Cristobal has already forced some oil platforms to be evacuated as it still has a chance of strengthening to a hurricane.  The US Gulf’s offshore energy region is bracing for Cristobal and it seems that unexpected disruptions to production could be a recurring theme this summer.

Gold

Gold prices have been under pressure after a miraculous stock market run that seems to be showing some signs of plateauing.  Friday’s surprisingly strong nonfarm payroll report also dealt a strong blow to gold bulls, taking prices well below the $1700 level.  Gold is looking vulnerable in the short-term, but should still be supported as a choppy global economic recovery will continue to see the majority of central banks remain accommodative. Despite some calls for the Fed to slow down, the amount of stimulus that is being pumped into the global economy will provide a nice safety-net for gold prices.

With the Presidential election under five months away, tensions with China are unlikely to be alleviated anytime soon and that should provide underlying support for gold.  Eventually the tit-for-tat trade war will force China to come down on US tech and that will put significant pressure with this historic stock market rebound.  The dollar is weakening, trade tensions are here to stay, risks for a second wave of the coronavirus are just a handful of reasons why it will be difficult for a downtrend to form for gold.

Bitcoin

Bitcoin traders had some humble pie after the latest attempt above $10,000 saw a main crypto-exchange deliver another key outage during another volatile trading day.  Bitcoin mania was making a comeback as institution interest grows and hedge funds scramble for risky bets to make up for underperformance.

Institutional traders will not tolerate exchange crashes, so it will be interesting to see if Bitcoin interest starts to fade again.  The only thing certain about Bitcoin is that volatility is likely to remain elevated.  Bitcoin’s true believers however seem determined to see this out until prices return to record territory, so extreme selloffs should not surprise anyone.

Source: marketpulse

The latest employment report had every economist scratching their head.  The stunning 2.51 million jobs created in May is leading many investors to become even more optimistic that the underlying economy is improving.  The worst might be behind us but risks remain to the outlook.  Some investors believe unprecedented stimulus from global central banks will drive the economic rebound and continue to support their dollar bearish bets.  If the global economic revival continues, a tall task at hand when you consider the China risk and coronavirus second wave concerns, the greenback losing streak could continue.

The week ahead will focus the Fed’s upcoming rate decision and reopening momentum across the globe. Two highly coveted reports will also be released by the World Bank and the OECD, which will only represent their best guess on how the global economic recovery will turn out.  Investors will also pay attention to the euro-area finance ministers’ next round of talks with the EU’s recovery package and the Eurogroup presidency succession.  US-China trade tensions will also remain a focal point as both sides continue to exchange jabs.

Country

US

After getting an A for their swift and strong response to the coronavirus pandemic, the Fed now needs to wait and see how the recovery unfolds.  Wednesday’s policy decision announcement should be an easy one for Powell and company.  The next natural step seems for them to consider adopting yield-curve control.  This would make the Fed target yields for possibly two-or five-year maturities.

Following a surprisingly robust nonfarm payroll report, many investors will start to doubt we may see another strong fiscal response by the US government.  Stimulus provided stocks a safety net, but now the next part of the rally will solely rely on improving economic activity.

The reopening of the US economy continues with New York City expected to reach their first phase of reopening on Monday.  While New York continues to have the right trajectory regarding new coronavirus cases, concerns are growing that the recent protests could result in a significant spike of cases.  Health experts are also growing cautious that many parts of the country are starting to see higher cases and that could eventually derail many states from reaching their next reopening phase.

US Politics

President Trump was always in re-election mode, but now he can resume in-person funding.  Trump’s first fundraiser in two months will take place on Thursday in Dallas with 25 attendees.  The election is under five months away and the recent trend has former-VP Biden slowly widening his lead.  It is still very early, but financial markets will soon need to start pricing in the possibility that Biden could win the Presidency and that the Democrats could take the Senate back.

UK

The economy is continuing to reopen, despite widespread concern about whether measures are being unwound too soon. Still, the numbers continue to improve. That will be tested in the coming weeks though, especially if the good weather continues and people flock to beaches and parks.

Europe

The ECB increased purchases under PEPP by €600 billion this week and extended it until June 2021, taking the program to €1.35 trillion and asset purchases under all programs this year to a record €1.4 trillion. The move comes on top of the proposed recovery package from the European Commission last week and no doubt contributed to the ongoing rally in equity markets this week. Central banks once again proving that any talk of policy tools being exhausted is extremely premature.

Turkey

The lira has steadied over the last few weeks. It’s more than 6% off its lows but still around 15% below January levels. The decline in the dollar recently may have alleviated some of the pressure on the currency, if that reverses, the lira’s good fortune could change fast. But the economy is emerging from the lockdown and reported coronavirus cases have fallen considerably. The crisis is far from over and the economy had major problems long before the pandemic but the situation appears to be improving.

China

China Balance of trade released on Sunday. Deterioration expected. Large miss either way will set the tone for Monday in Asia. Otherwise markets will be susceptible to increased trade/Hong Kong rhetoric.

Hong Kong

Protests have died down for now over the securities law. Possible resurgence this weekend. HSBC and Stan Chart under fire for backing China’s HK security law. No significant data this week.

India

Economy starts reopening this week which should be positive for markets. Standoff with China continues in the Himalayas and non-bank financial woes continue to impact sentiment. No significant data.

Australia

AUD and equity rally continue with strong momentum. NAB biz confidence Tuesday and Westpac cons. Confidence Wednesday. Neither are likely to have more than short-term impact. AUD and Aust. equities are a strong proxy for global recovery. Sentiment and news in that space will be the primary risk/driver.

Japan

Japan’s final GDP Q1 on Monday. Machinery orders and PPI Wednesday. Industrial Production Friday. Nikkei has performed strongly, but repeated outbreaks of COVID-19 in Tokyo could sap sentiment. Supplementary budget before Parliament this week.

Market

Oil

After much back and forth, it seems OPEC + is poised to meet over the weekend to finalize a production cut extension deal.  The holdup was Iraq and late on Thursday they announced they will fully implement their share of oil production cuts by the end of July.  Oil prices headed for a sixth weekly gain but are slightly softer as energy traders are taking the Iraqi announcement “with a grain of salt.” Iraq has a new government and is desperate for cash, so compliance is likely to be short-lived. A deadlock could have flooded the oil market and undermined the unprecedented oil price recovery.

Now that the Saudis and Russians are working together again, the focus for this next round of OPEC+ talks are with the cheaters, primarily Iraq (Nigeria, Angola and Kazakhstan).  The risk seems low that they will fail to reach an agreement to extend cuts for one more month, but if talks stall oil prices will tank.  There still could be a chance that they manage to stretch the cut deal to three months, but energy traders would be extremely skeptical that compliance would remain high beyond July. Floating oil storage levels have moderated over the past few weeks and tank top concerns have eased, but if the floodgates are released, we could see another major selloff.  OPEC+ should still be motivated to keep prices firm here, but if WTI crude rallies above $45, they will be saving the US shale industry.

A big part of yesterday’s oil rally came from American Airlines announcement that they will boost their July flights by 74% from the prior month, as the US consumer seems ready to return to travel.  The crude demand recovery expects air travel to lag, so any surprises with improving air travel will be very supportive for oil prices.  The 74% increase would however only represent about 40% of what was done last year.  Jet fuel and diesel products saw sharp increases. Some insiders are also questioning the inventory data and that the government may have overreported.  If we see a correction with the reporting of US inventories, that may help bring the market to balance a lot faster. Hurricane season is here, and fears are high this could be one of the worst ones since 2005 when we had Hurricane Katrina.  Tropical Storm Cristobal has already forced some oil platforms to be evacuated as it still has a chance of strengthening to a hurricane.  The US Gulf’s offshore energy region is bracing for Cristobal and it seems that unexpected disruptions to production could be a recurring theme this summer.

Gold

Gold prices have been under pressure after a miraculous stock market run that seems to be showing some signs of plateauing.  Friday’s surprisingly strong nonfarm payroll report also dealt a strong blow to gold bulls, taking prices well below the $1700 level.  Gold is looking vulnerable in the short-term, but should still be supported as a choppy global economic recovery will continue to see the majority of central banks remain accommodative. Despite some calls for the Fed to slow down, the amount of stimulus that is being pumped into the global economy will provide a nice safety-net for gold prices.

With the Presidential election under five months away, tensions with China are unlikely to be alleviated anytime soon and that should provide underlying support for gold.  Eventually the tit-for-tat trade war will force China to come down on US tech and that will put significant pressure with this historic stock market rebound.  The dollar is weakening, trade tensions are here to stay, risks for a second wave of the coronavirus are just a handful of reasons why it will be difficult for a downtrend to form for gold.

Bitcoin

Bitcoin traders had some humble pie after the latest attempt above $10,000 saw a main crypto-exchange deliver another key outage during another volatile trading day.  Bitcoin mania was making a comeback as institution interest grows and hedge funds scramble for risky bets to make up for underperformance.

Institutional traders will not tolerate exchange crashes, so it will be interesting to see if Bitcoin interest starts to fade again.  The only thing certain about Bitcoin is that volatility is likely to remain elevated.  Bitcoin’s true believers however seem determined to see this out until prices return to record territory, so extreme selloffs should not surprise anyone.

Source: marketpulse

lastest Articles

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
Market Analysis
Fed's Kashkari: True unemployment rate is around 23-24%
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
US Dollar Index Price Analysis: Increasing bets for a retest of 101.00
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Crude Oil Futures: Gains remain on the table near-term
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Trump stokes tensions with China, euro licking its wounds, ADP Non-Farm Payrolls eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week ahead – Stimulus trade losing momentum?
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Breaking: EUR/USD breaks above 1.10 on dollar weakness, levels to watch
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613