The coronavirus pandemic continues advancing in certain U.S. states that recently decided to reopen, increasing the fears for a second wave of the virus.
Blogs
Forex Today: Risk Appetite Supported by U.S. Retail Sales – 17 June 2020
U.S. retail sales up by almost 18%; Fatal Sino-Indian border clash; Confirmed new coronavirus cases at all-time daily high
S&P 500 Forecast: Giving Back Significant Gains – 17 June 2020
The S&P 500 has rallied significantly during the trading session on Tuesday, especially during the Globex session as Asian and European traders jumped all over the S&P 500.
DAX Index: Strong Short Term Trend Remains Attractive Today – 17 June 2020
The Dax Index has continued to achieve gains in trading early this morning.
USD/JPY Forecast: Finding Magnet Against JPY – 17 June 2020
The US dollar rallied a bit during the trading session, reaching towards the ¥107.50 level.
USD/MXN: Strength of Mexican Peso Has Held Ground Short Term – 17 June 2020
While the USD/MXN trades in a rather well-practiced range, what looks particularly interesting is that resistance up above seems to have shown signs of becoming stronger and is causing reversals.
GBP/USD Forecast: Market Looking Gloomy – 17 June 2020
The British pound initially tried to rally during the trading session on Tuesday, and even stretched all the way to roughly 1.27.
AUD/USD Forecast: Signs of Cracking at High Levels – 17 June 2020
The Australian dollar has gone back and forth quite a bit during the trading session on Tuesday, as we initially tried to reach towards the 0.70 level
NASDAQ 100 Forecast: Flirting with the 10,000 Level – 17 June 2020
The NASDAQ 100 rallied a bit during the trading session on Tuesday, reaching towards the $10,000 level before pulling back in what was a very volatile trading session.
EUR/USD Forecast: More Choppiness Ahead – 17 June 2020
The Euro fell during the trading session on Tuesday as Jerome Powell spooked the market.