The Dow Jones may fall which could support the US Dollar after President Donald Trump warned of possible tariff retaliation against China for their handling of the coronavirus.
Blogs
EUR/USD Breakout Following ECB Meeting Brings April High on the Radar
EUR/USD may continue to retrace the decline from the April high (1.1039) as the exchange rate breaks out of a narrow range following the ECB meeting.
Apple and Amazon Earnings Highlight Detachment from Real Economy
Apple and Amazon reported earnings Thursday afternoon, rounding out the list of the largest technology stocks in the country. Despite their strong performances, both highlighted coronavirus risks.
Euro Stoxx 50, IBEX Price Forecasts: Bulls Eye Trend Higher
Bulls look to keep trend higher intact after a weak finish Thursday, despite a relatively dovish ECB.
Wall Street Sees Biggest Monthly Surge in 30 Years – 01 May 2020
Wall Street indexes saw their best monthly performance in over 30 years in April, despite the struggles caused by the coronavirus
FTSE 100: Second Selling Wave Likely After End of Bear Market Rally – 01 May 2020
Financial markets embarked on a substantial recovery off of their March lows.
USD/INR: Can Resistance Zone Force Price Action Reversal? – 01 May 2020
India is considering a series of financial support mechanisms for its ailing business sectors, as the Covid-19 pandemic keeps the global economy hostage.
EUR/USD: Breakout Sequence Intact Due to Weak US Data – 01 May 2020
While the Eurozone is facing multiple threats to its economy and union alike, it is trumped by increasingly weak US data
GBP/NZD: Will Bullish Momentum Build-Up Extend Rally? – 01 May 2020
New Zealand implemented one of the most severe lockdown measures, which was successful in combating the Covid-19 outbreak.
EUR/USD Forecast: Reaching the Top of Range – 01 May 2020
The Euro rallied significantly during the trading session on Thursday, reaching towards the 1.10 level