<p>INDICES Friday, European stocks remained heavy, with the Stoxx Europe 600 Index declining 0.8% and the U.K.’s FTSE 100 down by 2.3%. On Thursday, Germany’s DAX 30 fell 2.2% and France’s CAC 40 lost 2.1%. EUROPE ADVANCE/DECLINE 95% of STOXX 600 constituents traded lower or unchanged Friday. 74% of the shares trade above th
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Dollar Lifted By Trump And Pompeo
<p>U.S. Secretary of State Michael Pompeo has said that “enormous evidence” show the Covid-19 outbreak began in a laboratory in Wuhan. President Trump added on a Fox News interview that China “made a horrible mistake” which caused the coronavirus pandemic, and “they tried to cover it”. These reactions tend to lift the
Renewed US-China Trade Tensions, Added To Coronavirus Worries Dash Investor Appetite
<p>Asian equities kicked off the week on a mixed note. China and Japan were closed for holiday, the ASX 200 gained 1.13%, while stocks in Hong Kong lost around 4% on worries that Donald Trump could impose new tariffs on Chinese exports. While investors are already bombarded with weak economic data and bad corporate results […]
Gold New York Price Forecast: XAU/USD holds above $1700.00/oz, bullish
XAU/USD consolidates the advance originating from mid-March as the metal trades just above the 1700.00 mark but below the 50/100SMAs on the four-hour chart and
EUR/USD: Downside limited above 1.0880
EU’s final Markit Manufacturing PMI came at 33.4 in April while the EUR/USD pair retains its positive bias in the short-term, FXStreet’s Chief Analyst
Oil New York Price Forecast: Limited upside potential for WTI
The WTI recovery is stalling below 22.05 resistance and the 100/200 SMAs on the four-hour chart. As the oil market stays in a strong downtrend the above-mentio
Brazil HSBC PMI Manufacturing fell from previous 48.4 to 36 in April
Brazil HSBC PMI Manufacturing fell from previous 48.4 to 36 in April
Singapore Purchasing Managers Index dipped from previous 45.4 to 44.7 in April
Singapore Purchasing Managers Index dipped from previous 45.4 to 44.7 in April
AUD/USD Price Analysis: Intraday uptick falters near 200-hour SMA, focus shifts to RBA on Tuesday
The AUD/USD pair built on its steady intraday recovery move from over one-week lows and is currently placed near the top end of its daily trading rang
Silver New York Price Forecast: XAG/USD kicks in the week sidelined just below $15.00/oz
XAG/USD stays sidelined just below $15.00/oz and the 50 and 100 SMAs but above the 200 SMA on the four-hour chart. The correction originating from the 2020 low