Blogs

While yet another risk factor has entered the equation as social unrest runs high, markets have just continued to climb.

ECB delivers large stimulus package Euro and Italian bonds soar.

The V-shaped crude oil recovery has petered out this week as traders wait to hear if today’s mooted OPEC+ meeting will go ahead. Technical resistance is also crimping further upside movement.

The possibility that the UK will fail to agree a post-Brexit trade deal with the EU is increasingly a worry for GBP/USD bulls as the deadline for an extension approaches.

EUR/USD is stalling ahead of the ECB press conference while the US Dollar looks to hold its ground after falling to its lowest levels since March.

NZD/USD has come up against the March high (0.6448) and the bullish momentum may persist as the Relative Strength Index (RSI) pushes into overbought territory.

Gold prices sank as ADP estimated a smaller contraction in jobs ahead of NFPs. Crude oil prices may fall with the OPEC+ meeting in doubt as WTI left behind a Doji candlestick.

The ASX200 rallies to post-COVID highs even though Australia appears to be on track to face its first recession in 29 years.

The US Dollar has been aggressively declining versus the Mexican Peso, South African Rand and South Korean Won. The USD/KRW selloff may continue, but USD/MXN and USD/ZAR could start recovering.

AUD/USD may attempt to test the 2020 high (0.7032) following the Reserve Bank of Australia (RBA) meeting as the Relative Strength Index (RSI) sits in overbought territory.