Analysts at Wells Fargo look for the global economy to contract 2.9% in 2020. They point out the key source of concern for the global economy has shif
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USD/CAD: Loonie to strengthen if economy improves – Danske Bank
According to analysts from Danske Bank, the USD/CAD pair will move to the downside over the next months. They forecast it will trade at 1.37 in six mo
EUR/USD Price Analysis: Euro regains some poise, trades above 1.0850 level
EUR/USD is trading below the main SMAs on the daily chart as the spot stays within familiar ranges seen in March and February.
USD/JPY rebounds above 107.50, looks to end week in red
The USD/JPY pair dropped to a daily low of 107.31 during the early trading hours of the American session but staged a modest rebound in the last hour.
Oil Price Analysis: WTI trades in fresh 2020 lows, bearish
WTI is under strong selling pressure trading in multi-year lows and printing fresh 2020 lows this Friday.
EUR/GBP: Pound remains fundamentally undervalued – Danske Bank
Analysts at Danske Bank forecast the EUR/GBP will trade at 0.90 in a three-month period. They explained that the United Kingdom runs a large current a
AUD/USD Price Analysis: Aussie holds on above 0.6300 figure, bullish
AUD/USD consolidates the massive bullish recovery while holding on above the 0.6300 figure near the 50 SMA on the daily chart.
NZD/USD rises to 0.6050 on US dollar weakness
The NZD/USD pair is rising on Friday but is still down for the week. It printed a fresh daily high at 0.6050 and as of writing it trades at 0.6030. Mo
NY Fed's GDP Nowcast for Q2 2020 plunges to -7.9%
The US economy is expected to contract by 7.9% in the second quarter of the year, the Federal Reserve Bank of New York's latest Nowcasting Report show
Gold struggles to recover above $1700 despite broad USD weakness
The XAU/USD pair closed virtually unchanged at $1,715 on Thursday and came under strong bearish pressure on Friday as the upbeat market mood made it d