Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of 24 may, 2020 here.
Blogs
Gold Retreats Despite Surge in Risk Aversion
Gold prices have been very volatile as of late, showing the effects of the contradictory expectations that have been driving the market sentiment.
Gold gives back Friday's gain. What to watch for
Optimism is in the air Japan ended a nationwide state of emergency today, Australian kids went back to class and Italy's Lombardi region reported zero deaths today — all better pandemic signs.
Memorial day holiday set to keep a lid on US trading
Canada is still open US stock futures are trading almost 1% higher but the cash markets the NYSE and Nymex are closed today for the Memorial Day holiday. With the UK also closed it's an especially quiet one.
ForexLive European FX news wrap: Stocks rise, currencies subdued in thin trading
Forex news from the European trading session – 25 May 2020 Headlines: Markets: – CAD leads, JPY lags (very minor changes) – European equities higher; E-minis up 1.0%
Japan PM Abe says that want to avoid people refraining from going out
Says that will introduce contract tracing app in mid-June – Japan to continue to strengthen testing regime – Preventing spread of infections while restarting the economy is a tough challenge See here for global coronavirus case data
Japan announces nationwide lifting of state of emergency
As announced by Japanese prime minister, Shinzo Abe – Japan has managed to bring the epidemic under control – The exit from the pandemic is in sight – Will lift state of emergency in the country as of today See here for global coronavirus case data
Equities extend gains on the session
European stocks push higher amid quiet markets See here for global coronavirus case data The DAX is closing in on 2% gains on the session, with US futures also notably keeping higher by nearly 1% even as markets are seemingly in holiday mode. The risk-on tone here isn't quite translating all too much to FX, […]
Germany reportedly plans to support medium-size firms by up to €50,000 per month
DPA reports on the matter, citing a government document The good news for the firms involved is that those already receiving aid from the federal or state governments will remain eligible to apply for this plan.
German Ifo economist says gradual easing of lockdown offers a glimmer of hope
Comments by Ifo economist, Klaus Wohlrabe – German economy sees light at the end of the tunnel – Business climate in industrial sector improved significantly See here for global coronavirus case data