GBP/USD and EUR/GBP look set to continue to trade in fairly narrow ranges, pulled one way by the easing of coronavirus restrictions and the other by fears of a second wave of the Covid-19 pandemic.
Blogs
US Dollar May Rise on Fed Speak as Global Virus Cases Top 4 Million
The US Dollar may rise if commentary from Fed central bank presidents James Bullard, Neel Kashkari and Patrick Harker spook markets as globally-confirmed Covid-19 cases swell past 4 million.
Gold Prices Up As Second Wave Covid Worries Stoke Haven Bids
Gold prices got a boost from suspicions that re-opening economies shuttered by coronavirus may not be as linear a process as market optimists might have hoped.
Euro Forecast: EUR/USD Levels to Watch as April Range Remains in Play
EUR/USD may trade within a more defined range as the decline from the start of the month fails to produce a test of the April low (1.0727).
Indian Rupee May Struggle as USD/INR Wobbles, Credit Spreads Widen
The Indian Rupee may struggle against the US Dollar as local credit spreads widen and the country struggles with the coronavirus outbreak. Will USD/INR exit its consolidative state?
Natural Gas Prices Bounce On Hopes For Covid Lockdown Rollback
Natural gas prices have traded higher with other growth-correlated assets since early April, despite the clear threat of a deep global recession.
NZD/USD Rate Fails to Test April High Ahead of RBNZ Rate Decision
The Reserve Bank of New Zealand (RBNZ) interest rate decision may drag on NZD/USD if the central bank endorses a dovish forward guidance for monetary policy.
USD/JPY Breakout May Extend, Nasdaq Composite Outpaces Dow Jones
The USD/JPY may extend its rally after the US Dollar soared in a mixed 24 hours for global equities. The tech-heavy Nasdaq Composite outpaced the Dow Jones Industrial Average.
Nikkei 225 Technical Forecast: Bulls Seek Daily Close Above April Peak
The Nikkei 225 staged a bullish break above 20,000 as bulls set their sights on April’s price peak as they look to continue the recent leg higher. Can it continue?
BTC Price Outlook: Bitcoin Halving Prompts Crypto Volatility
Bitcoin halving catalyzes wild BTC price swings as crypto traders digest news of an intrinsic change to the number of Bitcoins per block awarded to miners. How has this impacted Bitcoin price outlook?