Blogs

All eyes on OPEC meeting as oil prices soar. Volatility expected to pick up for commodity-linked currencies.

The bearish sentiment in USD/CAD remains in place and the pair are now testing an important support area ahead of the OPEC+ meeting later this week.

Sterling is showing underlying strength: recovering after its slide on news that UK Prime Minister Boris Johnson is in intensive care after his coronavirus symptoms worsened Monday.

The gold market retains a formidable haven bid but hopes that the contagion can be contained by various remedial measures saw early gains surrendered.

The drop yesterday was a fake-out Many people raised eyebrows at the drop in the Sunday numbers. It's the second week in a row when they've been unreliable. On Sunday Neil Ferguson estimated 7,000-20,000 total UK coronavirus deaths. 786 died just yesterday and the total is 6,159 now. Where is he getting these estimates?

New York state data Cuomo said he believes the state is reaching a plateau in virus hospitalizations. This is a great sign but with cases still rising by +8000 per day it's tough to believe it will continue.

Fixing sales weigh again Cable has given back a good chunk of its gains in a quick move to 1.2300 from 1.2360. There was a that I warned about and the trade was to fade it.

The worst may be yet to come For bank trade ideas, (get a one-week free trial with link). CitiFX Technicals warn that "As we went into November 2008 one would have been forgiven for thinking that the worst was likely behind us (that was our bias at the time). Alas, that was not to be […]

The latest dairy auction data The gain breaks a streak of four consecutive declines in auction prices. ForexLive

What's moving markets today The mood continues to improve, with stocks extending their recovery run as investors feel better about coronavirus updates that show a light at the end of the tunnel. The US dollar has sold off as a consequence, with the market no longer as panicked about needing to own the Buck on […]