Increasing fears of negative interest rates in the United States, along with continued negative results of the US economic data
Blogs
EUR/TRY: ¿La fase correctiva reunirá un impulso negativo? – 14 May 2020
Una nueva evaluación económica anunciada por el Comisario de Economía de la Unión Europea, Gentiloni, sitúa la recesión del PIB de 2020 en la eurozona en un 7,75% y para la Unión Europea en un 7,50%.
EUR/USD Forecast: Continue Reaching Towards Support – 14 May 2020
The Euro has rallied a bit during the trading session on Wednesday, reaching towards the 1.09 level before rolling over.
USD/JPY Forecast: Hovers Around Big Figure Against Yen – 14 May 2020
The US dollar continues to go back and forth against the Japanese yen, hanging around the ¥107 level.
AUD/USD Forecast: Continues to Find Failure at Same Level – 14 May 2020
The Australian dollar has initially tried to rally during the trading session on Wednesday but has found a significant amount of resistance near the 0.65 level again.
NASDAQ 100 Forecast: Continues to See Selling Pressure – 14 May 2020
The NASDAQ 100 gapped lower to kick off the trading session but then turned around to rally quite a bit.
GBP/USD Forecast: Looking Extraordinarily Soft – 14 May 2020
The British pound initially tried to rally during the trading session on Wednesday, reaching towards the 1.2350 level.
S&P 500 Forecast: Sitting on Top of Support – 14 May 2020
The S&P 500 is sitting on top of support at the end of the session on Wednesday, and as a result it will be interesting to see how Thursday and Friday play out.
USD/INR: Increase in Bearish Momentum to Lead to Breakdown – 14 May 2020
After Indian Prime Minister Modi’s government gave in to pressures for a massive stimulus, ignoring fiscal stability, a ₹20 trillion spending package
USD/ZAR: Resistance Zone Favored to Restart Corrective Phase – 14 May 2020
South Africa's leadership has repeatedly communicated, to the businesses and consumers alike, that it took a risk-adjusted approach to reopen the economy gradually.