With oil prices wilting under the weight of their own market dynamics, and stock markets infectiously optimistic, could the key industrial metal be telling an important truth?
Blogs
USD/SEK, EUR/SEK Ripe for Bullish Breakout Ahead of Riksbank Rate Decision
The Swedish Krona may fall versus the US Dollar and Euro if the Riksbank rate decision and outlook for the virus-shaken economy accentuates selling pressure in SEK.
New Zealand Dollar Slips, Ardern's Virus Caution Adds To Risk-Off Tone
The New Zealand Dollar headed lower as its home country’s political leader sounded a solemn note even as the nation declares coronavirus beaten.
USD/CAD Rate Tracks Monthly Range as Federal Reserve Expands MLF
USD/CAD may continue to track the monthly range as the break of the descending channel formation fails to produce a test of the April high (1.4298).
S&P 500 Forecast, at Turning Point? Australian Dollar May be at Risk
The S&P 500 may be at a turning point, leaving the Australian Dollar at risk as markets await key US earnings data. Trump-China comments could cool sentiment during Asia Pacific trade.
US Dollar Eyes Coronavirus Impact on Consumer Confidence Data
The DXY Index has drifted modestly lower since Friday, but consumer confidence data due for release might rekindle US Dollar strength as economic indicators detail the staggering costs of COVID-19.
Silver to follow gold higher
The problem of silver's oversupply solved by gold's price I was reading a Bloomberg article yesterday which explained that this year is the 8th year of oversupply for silver. These large stockpiles of silver are part of the reason that silver prices have remained relatively subdued due to gold prices. Take a look at the [&hellip
France April consumer confidence 95 vs 80 expected
Latest data released by INSEE – 28 April 2020 – 103 See here for global coronavirus case data Although better-than-expected, the drop in consumer confidence this month is still the steepest on record and that exemplifies the deterioration in economic sentiment not just domestically, but in the region and globally as well.
Austrian health minister says social distancing measures will expire on 30 April
Austria sets its sights on moving out of lockdown this week Austria has been reporting new daily cases in double digits for the last 10 days now – since 18 April – as the government looks to resume normalcy in the country.
Eurostoxx futures +0.1% in early European trading
Subdued tones observed in early trades – German DAX futures +0.2% – French CAC 40 futures flat – UK FTSE futures +0.2% See here for global coronavirus case data