Gold prices couldn’t hang on to early gains made as the US Federal Reserve Chairman reminded markets that they could be facing the worst economic downturn since World War Two.
Blogs
NZD/USD Levels to Watch as RBNZ Expands Large Scale Asset Purchases
NZD/USD may continue to give back the advance from the April low (0.5843) as the Reserve Bank of New Zealand (RBNZ) expands its Large Scale Asset Purchase (LSAP) program.
Australian Dollar Stumbles As Covid Sees 594,000 Jobs Lost In April
The Australian Dollar was braced for terrible employment news, and duly got it. More jobs were lost than expected last month although the unemployment rate did not rise as sharply as had been feared.
EUR/USD Rebound Fizzles as Fed Chairman Powell Tames Bets for NIRP
EUR/USD may trade within a more defined range in the days ahead as Federal Reserve Chairman Jerome Powell tames speculation for a negative interest rate policy (NIRP).
US Dollar, VIX Index Pop as S&P 500 Price Plummets Post-Powell
Fed Chair Powell echoed opposition to negative interest rates and highlighted the lasting damage faced by the global economy due to the coronavirus, which boosted the US Dollar and VIX Index but pu…
S&P 500 at Tipping Point? Fed Chair Powell Crushed Negative Rate Bets
The S&P 500 may be facing a tipping point as Fed Chair Jerome Powell struck down negative rate expectations. This could leave the Australian Dollar at risk as it follows Wall Street.
Euro Stoxx 50, IBEX-35 Price Outlook: Bulls Retreat as Virus Risks Resurface
European stocks move lower this week as coronavirus risks reemerge on worries that the economy may have to endure a longer than previously thought shutdown
Dow, S&P Continue Pullback – Are Bears Brewing for Another Push?
US equities have struggled this week after a really strong seven-week stretch. Are bears making a reappearance or is this a mere pullback in a bullish trend?
US Recession Watch, May 2020 – US Yield Curve Hides the Truth
The Federal Reserve’s extraordinary stimulus efforts have had an understandable impact on the US Treasury yield curve – which has lost some utility.
S&P 500, Gold, Oil : Index & Commodity Charts to Watch & More
Stocks look like they could roll over here soon, gold continues to coil up, while oil has a pattern that suggests a move could be near.