The prospects for Sterling have deteriorated after news of a huge sale of UK government bonds, and economic data showing higher than expected UK government borrowing.
Blogs
Euro Volatility Likely on EU Leaders Summit, Markit PMI Data
The Euro may experience higher-than-usual volatility ahead of the release of preliminary Markit PMI data for April against the backdrop of a critical EU leaders summit.
Gold Prices Slip as Risk Appetite Revives, Oil Prices Head Up Again
Gold prices saw some profit-booking on their latest strong gains but the $1700 level looks solid. Crude oil prices continued to climb as more production cuts seem likely.
Silver, Palladium Outlook Bearish as Prices Cross Key Threshold
Palladium and silver prices may face heightened liquidation pressure after both precious metals crossed key technical thresholds. What’s ahead for XPD/USD and XAG/USD?
AUD/USD Threatens Ascending Channel Formation Following RBA Minutes
AUD/USD threatens the upward trending channel from March, with the RSI highlighting a similar dynamic as the oscillator snaps the bullish formation from last month.
Euro Fell, US Dollar May Rise if Asia Stocks Look Past Wall Street
The Euro sank ahead of today’s EU summit giving the US Dollar a window of opportunity to trim losses despite gains on Wall Street. S&P 500 futures hint APAC stocks may struggle rising.
ASX 200 & AUD/USD Forecast: Risk Appetite Essential for Continuation
The Australian Dollar and ASX 200 have bled lower this week as risk appetite took a backseat to apprehensiveness alongside a historic decline in growth-sensitive crude oil.
Forex Today: Crude Oil Recovers; Coronavirus Daily Deaths Spike Globally – 23 April 2020
April 23: WTI Crude Oil has continued to recover after trading at a low just above $6 per barrel two days ago, As riskier assets bounce back while the U.S. Dollar weakens slightly.
South Korea's Economy Sees Devastating Contraction – 23 April 2020
South Korea's economy posted its worst contraction since the 2008 financial crisis, and analysts worry that the worst is yet to come.
BTC/USD: Rise of Breakdown Pressures Likely to Force Reversal – 23 April 2020
Bitcoin will face its third-having event on May 12th. Enthusiasts hoping for a repeat of the previous two, which initiated massive rallies to new all-time highs,