The US Dollar suddenly seems scarce amid the coronavirus outbreak. That threatens short-term financing underpinning global supply chains, despite the Fed’s epic efforts.
Blogs
AUD/USD Forecast: Wait-and-See RBA to Give Way to Bear Flag Formation
The RBA interest rate decision may do little to alter the near-term outlook for AUD/USD as the central bank is expected to retain the current policy in April.
US Dollar, Japanese Yen Sink as Dow Jones Soars on Virus Easing Bets
The US Dollar and Japanese Yen fell as coronavirus cases seemed to stabilize in the US and Europe. The Dow Jones and S&P 500 soared. Local policymakers also hinted at more stimulus.
Dow, S&P 500, Nasdaq 100 Pop to Fresh Three-Week-Highs
It was a brutal outing in March, but a different tone has so far shown in April.
AUD/USD Price Outlook: Virus Optimism Boosts Australian Dollar
Spot AUD/USD price action climbed over 100-pips during Monday’s trading session as risk appetite and the Australian Dollar recover, but will technical resistance thwart the rebound?
British Pound Drops Abruptly After News Prime Minister Moved to Intensive Care
News broke in the afternoon that United Kingdom’s Prime Minister, Boris Johnson was admitted to the intensive care unit as precautionary measure as his coronavirus symptoms worsened. GBPUSD reacted…
Dollar vs Mexican Peso Price Outlook: USD/MXN Fails at Key Resistance
Peso has plunged 23% YTD with the USD/MXN breakout taking price into resistance at fresh record highs. Here are the levels that matter on the weekly technical chart.
Gold Price Ascends as Stimulus Continues, March High Now in Focus
Gold has edged higher to start the week as central banks and governments continue to pump liquidity into the global economy. In turn, the metal’s March highs around $1,704 are within reach.
Switzerland March foreign currency reserves CHF 765.6 billion vs CHF 769.1 billion prior
Latest data released by the SNB – 7 April 2020 – CHF 769.1 billion ForexLive Slight delay in the release by the source.
UK's Gove: If there is any change to PM's condition, then there will be a statement
Comments by UK Cabinet minister, Michael Gove – PM Johnson is not on a ventilator – He has had some oxygen support ForexLive This just confirms what we have already come to know but they are out to reassure the public that the government will still be able to function amid Johnson's absence from office.