Blogs

The EU Commission will unveil its proposal for a regional recovery fund to counter economic pain amid the coronavirus outbreak. The Swiss Franc faces selling pressure.

The price of gold may continue to give back the advance from the May low ($1670) as Relative Strength Index (RSI) establishes a negative slope.

Signals from IG Client Sentiment hint that the FTSE 100 and S&P 500 could have room for weakness ahead as the CAC 40 attempts to climb towards key resistance.

Crude oil prices are struggling to find fuel for a push higher despite buoyant risk appetite across global financial markets. Gold prices may be set to fall below $1700/oz.

The Australian Dollar has outperformed against all of its major counterparts so far in May, but AUD/USD faces a key test as it approaches the March high (0.6685).

The Japanese Yen and US Dollar sank as the Australian Dollar rose despite escalating US-China tensions over Hong Kong. USD/JPY may be readying to turn lower after clearing support.

The Pound Sterling came under pressure against the US Dollar on revived strength for the greenback

According to France's INSEE official statistics agency, the French economy will contract by 20 percent in the second quarter,

S&P 500 tests 3000 and 200-day average; U.S. consumer confidence rises unexpectedly; Brazil surpasses U.S. with highest daily coronavirus death toll

The S&P 500 broke above its 200-day moving average on Tuesday and traded at less than a point below 3,000, a sign that a prolonged uptrend for the markets may be starting.