The S&P 500 (SPX) lost nearly 6% during Thursday's selloff but staged a rebound on Friday. However, the index failed to preserve its bullish momentum
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The recent rebound in oil prices lacks fundamental support – Rabobank
Oil prices are on track to their first negative week after having rallied for six consecutive weeks. A solid recovery from mid-April lows that, accord
USD: More testing time for risk could ease dollar selling for now – MUFG
Analysts at MUFG Bank explained that recovery trades in equity prices suffer a setback after recent strong gains. They warn about a more cautious outl
The S&P 500 crashes below 3,000 moving conclusively below the 200 DMA
The S&P 500 has pushed lower again on Friday after trading in the black at the start of the session. The major US index sold off heavily on Thursday a
Canadian data ahead: CPI and retail sales – NFB
The Economics and Strategy Group at the National Bank of Canada points out the key report to be released in Canada the upcoming week is the Consumer P
EUR/JPY Price Analysis: Hovering near trendline support at 120.30
EUR/JPY recovery attempt has lost steam near 122.00 and the pair retreated again to the mid-range of 120.00. The euro is dangerously approaching the
GBP/USD tanks below 1.25 and technical targets point to a bigger move
As the global risk sentiment turns south again so does cable. The currency pair is now lower by 173 pips from its highest point on Friday. Looking at
Fed's Barkin: Not seeing negative rates happening in the US
Richmond Fed President Thomas Barkin said on Friday that he does not see negative rates happening in the United States, as reported by Reuters. "The F
GBP/USD: A more volatile pound is expected ahead of key Brexit and BoE meetings – MUFG
Analysts at MUFG Bank, expect a more volatile pound in the week ahead. Beyond broader developments in risk sentiment, the outcome from the latest Brex
WTI clings to small daily gains above $36 as active oil rigs in US continue to decline
Crude oil prices fell sharply on Thursday as resurfacing worries over a second coronavirus wave causing shutdowns weighed on the energy demand outlook