The Dow Jones, S&P 500 and Nasdaq Composite soared as the haven-linked US Dollar and gold prices dropped. A blowout jobs report raised expectations of a swift economic recovery. Ahead, all eyes tur…
Blogs
Nasdaq 100, DAX 30 & FTSE 100 Forecasts: Will the Recovery Continue?
The Nasdaq reached fresh heights on Friday despite an ever more complicated fundamental landscape as President Trump floated the idea of auto tariffs on the EU. How might this impact the week ahead?
USD/MXN Outlook: Profit-Taking, FOMC and More Real-Time Economic Data
The Mexican Peso performs another stellar week against the Dollar but profit-taking may curb further losses
Euro Forecast: Outlook for EUR/USD Still Bullish, More Stimulus Planned
The European Commission’s proposed €750 billion recovery package for the EU economy will be on the agenda this coming week, likely keeping EUR/USD on an upward path.
Gold Price Outlook: Gold Slammed Lower on Record US Jobs Creation
Gold has fallen sharply after the latest US Non-Farm Payroll report showed 2.5 million jobs created in May , smashing expectations of an 8 million loss.
GBP/USD Higher on Loosening Restrictions – 08 June 2020
The Pound Sterling made some headway against its key rival, the US Dollar during London trade on Monday.
Forex Today: Stock Markets Continue Advancing – 08 June 2020
Asian stocks up as Nikkei rises by 1%; U.S. Dollar selling off; Global coronavirus deaths showing exponential increase again.
Japan: Efforts to Stimulate Consumption on Hold – 08 June 2020
The Japanese Economy Minister, Yasutoshi Nishimura told Reuters that the Japanese government should care more about protecting jobs and helping businesses instead of stimulating consumption.
USD/JPY Technical Analysis: New Selling Opportunities – 08 June 2020
The risk appetite and the positive US job numbers were a catalyst for the USD/JPY in correcting upwards to the 109.85 resistance, the highest level of for the pair in more than two months, before it closed last week’s trading around the 109.58 level.
GBP/USD Technical Analysis: Upward Correction – 08 June 2020
The weakening of the US dollar and risk appetite contribute to stronger gains for the GBP/USD pair, pushing it to the 1.2730 resistance.