With the highest gains since 2012, the price of gold began to move this week to the $1765 resistance.
Blogs
GBP/USD Technical Analysis: A Correction Higher Ahead of British Job Numbers – 19 May 2020
The risk appetite increased after Jerome Powell's optimistic statements, which contributed to cautious gains for the GBP/USD pair.
EUR/USD Technical Analysis: And Market Optimism Gains – 19 May 2020
In the beginning of this week’s trading, the EUR/USD pair gained momentum to achieve gains after a longer period of losses.
China's savy property developers are making bacon
Rising pork prices gain attention, via bBloomberg I came across an interesting piece yesterday on Bloomberg which drew attention to the surprising pursuit of some of China's biggest real estate developers. Renowned for being politically savy and taking opportunities the new venture of some of China's real estate companies is pig farming.&
Spain: It is mandatory for people above 6 years old to wear masks in public spaces
Spain's health ministry with the announcement See here for global coronavirus case data
Eurostoxx futures -0.5% in early European trading
Slightly softer tones in early trades – German DAX futures -0.4% – UK FTSE futures -0.6% – Spanish IBEX futures -0.4% See here for global coronavirus case data
UK April CPI +0.8% vs +0.9% y/y expected
Latest data released by ONS – 20 May 2020 – +1.5% – Core CPI +1.4% vs +1.4% y/y expected – Prior +1.6% Slight delay in the release by the source. The headline reading slumps to its weakest level since August 2016 as the fallout from the virus outbreak and softer energy prices last month helped […]
Nikkei 225 closes higher by 0.79% at 20,595.15
Asian equities a bit more mixed on the session The Hang Seng and Shanghai Composite are not as enthusiastic, trading lower by 0.2% and 0.4% respectively as we approach the closing stages in Asia Pacific trading.
Italy's Conte to ask EU for more funds in latest package proposal – report
Conte said to be concerned that opposition from hawkish northern European leaders could water down the proposal It is said that Conte's request for a bigger fund than the €500 billion proposed is seen as a tactic to keep the eventual figure from being lower than that.
Trade ideas thread – European session 20 May 2020
Daily thread to exchange ideas and to share your thoughts See here for global coronavirus case data The aussie is failing to match the kiwi in terms of gains as the currency remains dogged by increasing tensions between Australia and China as of late. The 30 April high @ 0.6570 in AUD/USD is also helping to limit […]