Blogs

The US Dollar remains glued to the Dow Jones and S&P 500. All eyes turn to local retail sales, Fed Chair Jerome Powell, creeping virus cases and the central bank’s balance sheet.

The Australian. Dollar has been one of the best performing currencies since the end of March, when risk aversion bottomed out, so to speak.

Thursday’s selloff mania has caused a dent in the Peso’s post-covid recovery but buyer support is still abundant

The key event for Euro traders to watch out for in the coming week is Friday’s European Council video conference, called to discuss an EU recovery fund and the EU budget.

Gold prices may turn lower if sentiment sours and US equity markets plunge amid growing concerns of rising Covid-19 cases and the prospect of a delayed reopening of the economy.

The Pound Sterling edged lower against both the US Dollar and Euro during London trade on Monday as concerns of a second Covid-19 wave weighed on risk sentiment.

China's factory output increased in May, for the second month in a row, showing the improving situation of the Chinese economy, though not complying with the analysts' expectations.

New wave of cases and hospitalizations sweeps parts of U.S.; Stocks fall & U.S. Dollar bid; Daily new coronavirus cases hit new all-time high Friday.

In the last two trading sessions of the GBP/USD pair during last week's trading, the pair lost a lot of its gains, as the pair retreated to the 1.2473 support.

After four straight bearish sessions for the USD/JPY last week, the pair collapsed to the 106.56 support, the lowest level for a month.