The recent skirmishes between the two largest economies in the world will motivate investors once again to buy safe haven assets, and gold will have a large share of this turnout.
Blogs
GBP/USD Technical Analysis: USD is Still the Strongest – 05 May 2020
Investors have abandoned risk appetite amid a renewed US-China conflict that will deepen the global crises caused by the Corona epidemic.
EUR/USD Technical Analysis: Amid Pessimism of the Eurozone Economy – 05 May 2020
The Euro gave up many of its recent gains amid renewed disagreement between the two largest economies in the world over the cause of the Corona pandemic, which pushed the global economy into the abyss.
USD/INR: Is New Breakdown Pending After Price Action Stalled? – 05 May 2020
India divided its country into three zones. Green is where social life and economic activity face the least disruptions, but travel is restricted.
AUD/USD Forecast: Testing Major Handle Again – 05 May 2020
The Australian dollar has initially fallen during the trading session on Monday, breaking towards the 50 day EMA before bouncing a bit.
USD/JPY Forecast: Drifting Lower Against JPY – 05 May 2020
The US dollar initially tried to rally during the trading session on Monday but found a significant amount of resistance near the ¥107 level.
GBP/USD Forecast: Looking for Fulcrum – 05 May 2020
The British pound has broken down a bit during the trading session on Monday, reaching towards the 1.24 level before bouncing slightly.
EUR/USD Forecast: Struggling to Kick Off the Week – 05 May 2020
The Euro initially gapped lower at the open on Monday but then turned around to fill that gap before falling somewhat significantly.
NASDAQ 100 Forecast: Moving Average Turns Higher – 05 May 2020
The NASDAQ 100 has fallen at the open on Monday, but then turned around to fill the gap and continue going higher.
S&P 500 Forecast: Reaching Towards Gap Above – 05 May 2020
The S&P 500 initially gapped lower to kick off the trading session on Monday, and at this point it looks as if the 50 day EMA is starting to attract a certain amount of attention.