The US Dollar Index (DXY), which gauges the greenback vs. a basket of its main competitors, stays under pressure around the 99.60/50 band ahead of the
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Wall Street opens with strong gains on coronavirus treatment optimism
Major equity indexes in the United States started the day sharply higher on Wednesday as renewed hopes of Gilead Sciences' remdesivir being used as an
USD/JPY keeps the red near mid-106.00s, FOMC decision awaited
The USD/JPY pair caught some bids in the last hour and recovered further from six-week lows, albeit lacked any strong follow-through. The pair managed
USD GDP: It will get much worse – Nordea
Q1 GDP came in at -4.8 % q/q annualized, the worst since Q4 2008. It will, however, be much worse in Q2, according to analysts at Nordea. Key quotes “
ECB Preview: More is better for the EUR/USD – TDS
The EUR is likely to react more to the ECB's influence on sentiment than traditional monetary policy signals. Here, more from the Governing Council is
US GDP: The US dollar is the safe choice amid pandemic impact
Normality disappeared quickly in the US as activity contracted for the first time five years. The US dollar could benefit as safety trade may see new
USD/CAD renews two-week lows at 1.3917 as WTI climbs above $15
The USD/CAD pair came under renewed bearish pressure in the early trading hours of the American session and fell to its lowest level in two weeks at 1
Oil: The left tail is shrinking – TDS
In energy markets, the left tail is shrinking, as strategists at TD Securities note. Key quotes “OPEC+ output curtailment is set to officially begin i
US GDP: Early crash to trigger more Fed action sending the dollar down
Coronavirus has taken an initial toll on the US economy, which squeezed by an annualized pace of 4.8%. The dollar is set to decline and stocks to adva
EUR/USD meets support near 1.0840 post-data, looks to Fed
After climbing to the 1.0870/75 band earlier, sellers stepped in and dragged EUR/USD to the 1.0840 area, where it seems to have met some decent conten