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US Dollar Forecast Hinges on Dow Jones, S&P 500, Nasdaq Composite
The US Dollar remains glued to the trajectory of the Dow Jones, S&P 500 and Nasdaq Composite. As slowing virus cases result in gradual lockdown easing, the urgency for stimulus may slow.
Australian Dollar Market Looks Nervously to Corvid-Hit Jobless Numbers
The Australian Dollar has risen sharply from its coronavirus-inspired March lows, but like all other growth correlated assets must now likely face some grim economic data.
EU – UK Brexit trade talks to begin again on Monday – here is the full agenda
The third round of talks so far this year commence on 11 May 2020, Europe time. The first two rounds this year have not, according to most reports, made much progress. And, of course, they have been interrupted by measures taken to deal with the coronavirus outbreak in both the UK and EU.
HK press with more on that US-China Phase 1 trade deal phone link-up
The South China Morning Post say the US wants China to step up the pace of purchases from the US citing an unnamed source. SCMP – US officials acknowledged China was largely delivering on its pledges on issues such as opening market access and improving intellectual property protection – progress is taking place on these, […]
Elon Musk says Tesla will move its HQ, future programs out of California immediately
Musk tweeted Tesla will relocate its headquarters and future programs to Texas or Nevada. Musk is unhappy that local authorities have not permitted Tesla's car manufacturing plant in Fremont to reopen.
Paul Tudor Jones is one of the great macro traders of all time but he's 'a slave to the tape'
How does Paul Tudor Jones see the world now? Paul Tudor Jones is one of the great investors of all time and he's renowned for macro calls. His latest market outlook highlights the coming waves of direct debt monetization that will reshape the economies and financial markets of the world.
Forexlive Americas FX news wrap: US sheds 20.5 million jobs
Forex news for NY trading on May 8, 2020 A snapshot of other markets currently shows: – spot gold minus all dollars and $0.31 or -0.71% at $1703.86. The high price reached $1723.13, while the low extended to $1701.89.
Trump/Saudi Arabia's king agreed on importance of stability in global energy
Trump, Saudi Arabia King speak: White House A White House spokesman is out saying that – Pres. Trump and Saudi Arabia's king in a conversation agreed on importance of stability in global energy markets The tumble in crude oil prices has had to strong catalysts. One was Saudi Arabia flooding the market with supply after failing [
Stocks close the week with positive gains for the 1st time in 3 weeks
Major indices close near session highs The major US stock indices are ending the day with positive gains for the 1st time in 3 weeks. The major indices are also closing near session highs for the day.