<p>WTI oil price jumped towards $20 level in early US trading on Monday after opening lower at the beginning of the day and pulling back around $2 in Asia and Europe. Last week’s strong recovery is taking a breather after bulls failed to close above cracked psychological $20 barrier on Friday. Fresh fears among oil […]
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GBP/USD: Recovery but pound to underperform – MUFG
Analysts at MUFG Bank, are a little more pessimistic on the outlook for the pound given the extent of the hit from the coronavirus, the potential for
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US treasury seeks to borrow a record $3 tln this quarter – CNBC
CNBC reports that there is a massive stimulus to support the US economy through the coronavirus crisis that will cause the Treasury to borrow a record
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USD/INR: Dollar likely to keep rising, reaching 77 by year-end – MUFG
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USD/JPY: Trade war themes hitting global equities
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USD/JPY: Risk aversion backdrop still favors the Japanese yen – CitiBank
According to analysts at Citi, monetary and fiscal stimulus are not yet enough to counter the depth and duration of the coronavirus. They still see a
Brazil Trade Balance registered at 6.7B above expectations (6.15B) in April
Brazil Trade Balance registered at 6.7B above expectations (6.15B) in April
Gold Price News and Forecast: XAU/USD has converged into a wedge-shaped pattern as it consolidates
There is quite a large consolidation pattern on the 4-hour gold chart below. The price has moved into a wedge-like formation and it will be interestin