Market movers today There are no significant market movers today, so COVID-19 developments and restrictions together with Brexit negotiations are in focus. On Brexit,...
Crude oil futures were trading lower Monday morning as market participants closely watched OPEC members and their allies as they began a two-day meeting...
Markets The US dollar finally succumbed to all the pressure this morning. The trade-weighted greenback changes hands below 91.73/91.75 support. The former is the...
James Knightley, chief international economist at ING, noted that the big change in the accompanying statement is the dropping of the description of the...
Gold (XAUUSD) shows a higher high sequence from 6.5.2020 low favoring further upside. Up from 6.5.2020 low, the precious metal extended higher in wave...
Forex today was once again trading around the trade war noise and subsequent risk appetite on the street.
It was pretty volatile across the financial...
Crude oil had its best day in history yesterday as traders hoped that Saudi Arabia will reduce production. The biggest gain came from the West Texas Intermediate (WTI), which rose by 23%. Brent rose by...
Global stocks fall apart amid growing fears of a virus-induced recession Yen and euro shine amid the mayhem, dollar and commodity currencies get hammered...
Notes/Observations US Senate reached a bipartisan agreement on virus stimulus plan Coronavirus and fiscal stimulus-related headlines remain in focus Asia: China PBOC said to...
Pivot (invalidation): 51.10 Our preference Long positions above 51.10 with targets at 52.00 & 52.30 in extension. Alternative scenario Below 51.10 look for further downside...
Even in a lifetime oil bear’s wildest dreams, it would be impossible to conceive of a more perfect storm for oil prices falling precipitously: Crude...
At the Reserve Bank of New Zealand (RBNZ) cash rate meeting this week, the New Zealand Institute of Economic Research (NZIER) 'Shadow Board' recommends that the central...
