The FTSE 100 and S&P 500, after rejecting key resistance, could risk seeing downward pressure pick up pace if retail investors unwind their tendency to sell recent price action.
Blogs
Emerging Market Currencies Face FDI Outflows In Post-Covid World
Emerging market currencies haven’t been treated equally by the effects of global contagion, even if most have suffered to some degree. However withdrawal of investment flows could hit them all.
CAD Outlook vs British Pound and New Zealand Dollar
GBP/CAD and NZD/CAD are approaching critical cross sections following a corrective pullback in their respective trajectories.
AUD/USD Forecast: Break of May Range Brings March High on the Radar
AUD/USD may attempt to test the March high (0.6685) as the exchange rate breaks out of the monthly range and carves a series of higher highs and lows.
New Zealand Dollar Stalls? Dow Jones Turns, Stat Flaks Moderna Vaccine
The New Zealand Dollar may be stalling after Stat criticized Moderna’s virus drug trial, reversing most gains in the Dow Jones yesterday. Ahead, the Japanese Yen could appreciate.
Dow Jones Forecast: Retail Earnings May Weigh on Recovery Rally
As the Dow Jones grapples with nearby technical resistance, a string of earnings reports from some of the country’s largest retailers could weigh on the rally if forecasts are more grim than expected.
Nasdaq Surge Continues as S&P 500 Lags; FOMC as the Driver
It's not often that one might have a valid complaint against a 36.8% rally in less than two months, but that may be the case here in the Dow and S&P versus the Nasdaq.
Dow Jones Index Aims Higher Following Fed Chair Powell, Secretary Mnuchin Testimony
The Dow Jones index is pushing modestly higher following testimony from Fed Chair Powell, and Treasury Secretary Mnuchin to the Senate Banking Committee regarding the CARES Act
DAX 30 & CAC 40 Price Outlook: Euro Unity Bolsters Regional Equities
Recent news of a unified response to the coronavirus via federalized debt has shown commitment to the single-currency project which saw European stocks leap higher alongside the Euro.
USD/JPY Technical Analysis: Careful Wait for Jerome Powell's Testimony – 19 May 2020
For the fifth consecutive day, the USD/JPY is moving in a limited range, which technically foreshadows a strong move in one of the two directions, with a greater willingness to fall.