Blogs

Risk appetite all but evaporated in Asia-Pacific trade as a surge in COVID-19 cases in China spooked market participants. Germany’s DAX stock index may continue to fall.

The price of gold trades near the monthly high ($1746) as Federal Reserve Chairman Jerome Powell prepares to testify in front of Congress.

Crude oil prices fell alongside stocks and other cyclical assets at the start of the trading week in what appeared like the return of global recession fears.

USD, crude oil and the Euro may all be at the mercy of political risks this week from Powell’s testimonies, discussions within OPEC about supply cuts and an EU summit on an EUR750b aid package.

The RSI may highlight a potential shift in NZD/USD behavior as the oscillator offers a sell signal and appears to be on track to threaten the bullish formation from March.

The US Dollar may be readying for a comeback against ASEAN currencies like the Singapore Dollar and Malaysian Ringgit as volatility risk rises. The IDR faces the Bank of Indonesia.

The return of risk aversion has seen the ASX 200 and Nikkei 225 slice through their respective 12-week uptrends, as Hong Kong's Hang Seng Index falls just shy of the 200-day moving average.

The Australian Dollar may extend its decline versus the anti-risk US Dollar and Japanese Yen ahead of the release of Chinese industrial and retail sales data.

Is volatility risk on the rise and will the US Dollar continue recovering lost ground after the Dow Jones and S&P 500 declined? A plethora of central bank rate decisions will cross the wires next w…

Global equity markets face a reality check as second wave concerns linger. Central banks in focus.