Outcome-based forward guidance has been very effective in the past, noted San Francisco Federal Reserve President Mary Daly on Monday. Daly further sa
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AUD/USD: Momentum has the potential to remain strong in the short term – CitiBank
Analysts at Citibank see the current environment could help the Australian dollar. They forecast AUD/USD to trade at 0.72 in a 0-3 month period and at
Germany's DAX 30 Index: Most of early losses recovered, market mixed amid fears of second wave
The German benchmark index DAX recovered a large part of its early losses in the closing hour on Monday. In fact, the stock index was even up for a sh
The dollar index is about to test a very strong intraday support level
The dollar index increased in value at the end of last week after the risk environment shifted to the negative side. There are some signs of a potenti
Fed's Daly: Low interest rates mean public spending is relatively cheap, easy to finance
The Federal Reserve needs to be prepared to do more to support the economy if needed, San Francisco Federal Reserve President Mary Daly said on Monday
Gold Price Analysis: XAU/USD rebounds after finding support above $1700
Gold prices bottomed at $1,704 on Monday, the lowest in six days, and then rebounded back to the $1,720 area. It is hovering around the mentioned leve
GBP/USD picks up from 1.2457 low, testing levels beyond 1.2550
Sterling’s reversal from multi-month highs at 1.2813 has found buyers at 1.2460/70 area to bounce up towards the mid-range of 1.2500. The pound has tu
The S&P 500 has retraced somewhat but where will the bears be looking for shorts?
The usual suspects are underperforming in the S&P 500 on Monday with Carnival (-6.00%) and American Airlines (-4.84%) struggling once again. The chart
EUR/GBP looking for direction below 0.9000
The euro seems unable to break resistance at the 0.9000 area and remains practically unchanged on Monday, moving around 0.8970 without a clear direct
USD/CHF hits fresh lows near 0.9480 and rebounds to 0.9500
The USD/CHF dropped further and printed a fresh daily low at 0.9479 as it extends the retreat from 0.9550. As of writing, the pair is trading slightly