Gold prices retained a solid anti-risk underpinning even as broader risk appetite perked up on a promising, initial coronavirus vaccine test.
Blogs
EUR/USD Rate Forecast: Test of May High Looks Imminent
EUR/USD may trade within a more defined range if the recent rebound in the exchange rate fails to trigger a test of the May high (1.1020).
Australian Dollar, ASX 200 Pressure Resistance as Trade Tensions Brew
The Australian Dollar and its local ASX 200 stock index see upside momentum fading as prices pressure chart resistance. Australia and the US are seeing tensions with China brewing as markets look f…
Silver May Still Lose Out To Gold Once Covid Effects Fade
Silver has been beaten handily by gold in the rush to haven assets inspired by the contagion. However, the gold/silver ratio was rising steadily before this crisis and will probably continue to do so.
USD/CAD Rate Forecast: May High on the Radar Ahead of Canada CPI
Fresh data prints coming out of Canada may keep USD/CAD afloat as the headline reading for inflation is expected to contract for the first time since 2009.
Yen Sinks, Dow Jones Rips on Moderna Virus Drug Trial. USD/JPY May Rise
The Japanese Yen slumped as Moderna’s coronavirus vaccine trial sent the Dow Jones to its best day in almost 6 weeks. Ahead, the Australian Dollar may rise alongside APAC shares.
S&P 500 Forecast: Crude Oil Price Rebound Sees Energy Gains Pace Tech
Crude oil has rebounded significantly this month after momentarily slipping into negative territory in late April. Similarly, stocks in the S&P 500 energy sector have outperformed other industries.
Gold Price Outlook: GLD Fresh High as Powell Says FOMC Has 'No Limit'
Gold prices set another fresh seven-year-high after this week's open, and with a loose and passive FOMC, there may be more room to run.
EUR/USD Rips Higher as 500bln Euro Recovery Fund Gives EU Hope
EUR/USD price action explodes higher as the Euro surges in response to a joint proposal from French and German leaders Macron and Merkel offering a 500 billion coronavirus recovery fund to EU count…
Markets Weekly Outlook: Dow Jones, Gold Prices, US Dollar, Fed, Earnings
The Dow Jones and S&P 500 weakened as gold prices and the US Dollar gained last week. Will risk aversion pickup in momentum ahead? Eyes turn to the Federal Reserve, European sentiment and US retail…