Although the US dollar made an impressive turnaround during the trading session on Thursday, it is telling that the entire top of the candlestick gave back the gains late in the day
Blogs
AUD/USD Forecast: Weighing Risks to Economy – 01 May 2020
The Australian dollar has pulled back just a bit during the trading session on Thursday, reaching down to test the 0.68 level.
S&P 500 Forecast: Facing 200 Day EMA Again – 01 May 2020
The S&P 500 pulled back a bit during the trading session on Thursday, as we had run into the 2945 level, which is where the 200 day EMA sits.
NASDAQ 100 Forecast: Will We Find Buyers? – 01 May 2020
The NASDAQ 100 has pulled back a bit during the trading session on Thursday, after breaking significantly above the 9000 level.
GBP/USD Forecast: Approaching 200 Day EMA – 01 May 2020
The British pound has rallied rather significantly during the trading session on Thursday, reaching towards the 1.26 level.
Silver Forecast: Market Needs to Make Decisions – 01 May 2020
Silver markets have been all over the place during trading on Thursday.
DAX Forecast: Running into Trouble – 01 May 2020
The DAX initially trying to rally a bit during the trading session on Thursday but gave back the gains as we headed into the gap that has been formed on the daily chart.
Gold Forecast: Markets to Find Buyers Below – 01 May 2020
Gold markets have fallen quite hard during the trading session on Thursday, breaking below the crucial $1700 level.
WTI Crude Oil Forecast: Approaching Major Barrier – 01 May 2020
The West Texas Intermediate Crude Oil market ended the month of April with a bang, reaching towards the $19 level at the close of open pit trading.
The ISM manufacturing index is the highlight on the North American calendar
Happy Friday The economic calendar kicks off today in Canada at 1330 GMT with the April Markit manufacturing PMI. There's no consensus and the prior was 46.1. Expect a roughly 10 pp fall but don't expect much of a reaction in CAD.