The Australian Dollar stalled as AUD/USD got caught in resistance after Gilead Sciences coronavirus drug trial disappointed. S&P 500 futures are pointing lower into Friday trade.
Blogs
Australian Dollar Price Analysis: Can AUD/USD Bulls Take on .6500?
AUD/USD has rallied by more than 800 pips in a little more than a month, coming in stark contrast to the bearish theme that had built in Aussie in Q1.
Euro Forecast: EUR/USD Plunges Below 1.08 as EU Summit Flops
EUR/USD price action spikes lower as the Euro comes under heightened selling pressure in late Thursday trade after EU leaders fail to agree on much needed coronavirus stimulus measures.
Dollar Index Moves Toward 2-week High – 24 April 2020
The US Dollar is poised to record its best weekly outcome later today as the falling price of oil weighed heavily on currencies that are commodity-linked.
NASDAQ 100 Forecast: Likely to Pull Back – 24 April 2020
The NASDAQ 100 initially tried to rally during the trading session on Thursday but gave back quite a bit of the gains in order to form a massive shooting star.
USD/JPY Forecast: Continue Range Bound Trading – 24 April 2020
The US dollar has gone back and forth during the trading session on Thursday, as we continue to see a lot of noise around the ¥108 level.
Silver Forecast: Grinding Back and Forth – 24 April 2020
The silver markets initially tried to rally during the trading session on Thursday but gave back a lot of the gains as we reached the 50 day EMA.
USD/RUB Forecast: Finding Headwinds in Oil Market – 24 April 2020
During the trading session on Thursday, the US dollar dropped below the 75 ruble level during trading, but also found enough support underneath
WTI Crude Oil Forecast: Showing Overhead Pressure – 24 April 2020
The West Texas Intermediate Crude Oil market rallied during the trading session initially on Thursday but did reach towards the $20 level
Gold Forecast: Markets Seem Overextended – 24 April 2020
Gold markets initially tried to rally during the trading session on Thursday but gave back quite a bit of the gains above the $1750 level.