Gold continues to battle a narrowing trading range set-up over the last month. Will Fed Chair Jerome Powell’s speech later today spark a breakout?
Blogs
Euro Latest: EUR/USD Could Break Lower, Powell Speech in Focus
EUR/USD is in danger of breaking below trendline support as the markets wait for a 1300 GMT speech on current economic conditions by US Federal Reserve Chair Jay Powell.
Euro May Fall Ahead of Merkel's Testimony to Bundestag on Covid-19
The Euro may fall ahead of German Chancellor Angela Merkel’s testimony to the Bundestag on updates regarding the Coronavirus and the outlook for lockdown policies.
GBP/USD Remains Under Pressure as UK Economy Shrinks
UK preliminary Q1 GDP beat market expectations but still showed the largest quarterly contraction since the financial crisis in 2008. The Office for National Statistics (ONS) warned that the second…
Crude Oil Prices Take Back Losses Despite Second Wave Covid Worries
The crude oil market is slightly torn between fears that the spread of coronavirus will crimp demand for longer than had been thought and suspicions that output will be cut still further.
Gold Price Holds Steady Even as Trump Pushes for Negative US Rates
The price of gold may continue to track the April range as plans to gradually restart the advanced economies appear to be restoring investor confidence.
The Financial & Trading Skills Index
The DailyFX Global Financial Centres Index (GFCI) reveals data on the mostlucrative and widely available finance and graduate roles in top 20 cities around the world.
Dow Jones and S&P 500 Outlook: Will Wall Street Drop Fuel Long Bets?
Will recent declines in the Dow Jones, S&P 500 and Nasdaq Composite materially shift retail investors’ tendency to short equities? How can that impact the outlook for Wall Street?
UK's GDP Contracts in a Way Not Seen Since 1997 – 13 May 2020
According to data released by the Office for National Statistics the United Kingdom's GDP just had its largest monthly contraction since 1997,
Sterling Higher though Traders Remain Wary – 13 May 2020
The Pound Sterling was able to gain positive momentum during London trade on Wednesday but analysts point out that it remains vulnerable