Blogs

The anti-risk US Dollar and Japanese Yen may rise if incoming economic data stokes worries about an emerging global recession.

Crude oil prices have risen impressively as investors hope to see the global economy emerge from its Covid lockdown. However, supply levels remain elevated.

EUR/USD may continue to give back the advance from the April low (1.0727) as the ECB retains a dovish forward guidance following the German Constitutional Court ruling.

Traders thirst to sell the Dow Jones has been fading as upside momentum on Wall Street has been slowing. This is as the sentiment-linked Australian Dollar could be at risk.

Silver and gold are both precious metals but their status as financial assets is markedly different. All the same, the price ratio between them is now extremely high.

The Canadian Dollar may face headwinds later this week as the update to Canada’s Employment report is anticipated to show a 4.25 million contraction in April.

The New Zealand Dollar struggled despite rosy jobs data all things considered. NZD/USD’s focus likely remains on risk trends, stocks on Wall Street trimmed most of their gains today.

The Nasdaq has recovered after stumbling to start the month, shifting its focus to levels that coincide with prior swing highs. Still, looming jobs data could derail the recovery.

S&P 500 price outlook has improved as cross-asset volatility benchmarks normalize from financial crisis highs, but VIX term structure suggests investor uncertainty still hangs around extremes.

The Pound Sterling continues to have trouble finding its footing ahead of tomorrow's meeting of Bank of England policymakers.