Blogs

Trader confidence in ‘risk on’ assets including stock market indexes and currencies such as the Australian Dollar, the British Pound and the Euro has improved as coronavirus lockdowns are eased.

Gold continues to consolidate in a tight range with political risk and market optimism battling to take control of near-term price action.

Speculative US Dollar shorts slashed. Investors defensive on risk sensitive currencies amid US-China tensions.

GBP/USD continues to edge ahead despite a political storm over UK Prime Minister Boris Johnson’s chief adviser Dominic Cummings.

Gold prices are finding support despite typically unfriendly market conditions as the US Dollar swoons, boosting the appeal of anti-fiat alternatives.

EUR/USD may trade within a more defined range over the remainder of the month as the recent rebound in the exchange rate fails to trigger a test of the May high (1.1020).

Canada’s 1Q Gross Domestic Product (GDP) report may influence USD/CAD as the update is expected to show the biggest contraction since the data series began in 1961.

A weaker US Dollar in the overnight hours helped to boost the Pound Sterling which saw continued gains during London trade.

According to data released by the IFO Institute, German exporters' mood improved in May, which is an important advance given the previous month's data.

S&P 500 trading above 3000 off-hours; Daily new confirmed coronavirus cases continue to ease; Coronavirus epicenter is in Latin America