The Australian government just announced a $79.85 billion stimulus package to aid about 6 million people concerning their salaries for about six months,
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US Dollar Sentiment Returns
The US Dollar regained favor among FX traders, largely as a safe-haven currency, as lock downs and quarantines across the globe heightened worries of uncertainty in the long term.
Oil Prices Hit 17-Year Low
Oil prices plummeted to their lowest prices in over 17 years on Monday as the price war between Russia and Saudi Arabia showed no signs of a truce.
Crude Oil Prices Uneasy at $20/Barrel, Eyeing Trump and Putin
Crude oil prices have endured the worst month and quarter on record thanks to the coronavirus’ depredations and Saudi/Russian price warfare. Still, the market clearly finds it hard to imagine sub-$…
USD/CAD Faces Range Bound Conditions Following Emergency BoC Rate Cut
USD/CAD may face range bound conditions over the remainder of the week as the exchange rate snaps the series of lower highs and lows from the previous week.
Dow Jones, S&P 500, DAX 30 Outlook: Will the Bounce Last?
The Dow Jones, S&P 500 and DAX 30 have bounced after aggressive declines. Can this momentum last? Trader positioning seems to be offering mixed signals as technicals point bearish.
AUD Steadies As China Caixin Manufacturing PMI Returns to Expansion
The Australian Dollar edged lower following the release of its central bank's last set of policy meeting minutes but paused on news that China's private manufacturing sector has bounced back.
NZD/USD Rate Forecast: Bear Flag Formation Unfolds in April
The recent rebound in NZD/USD may unravel over the coming days as a bear flag formation unfolds, with the exchange rate initiating a fresh series of lower highs and lows.
Yen and US Dollar Rise as Wall Street Drops. USD/JPY Eyes Resistance
The anti-risk Japanese Yen and US Dollar cautiously rose as Wall Street declined despite less-dismal consumer confidence. Futures hint a “risk-off” tilt as USD/JPY eyes resistance.
How to Invest During a Recession: Investments & Strategy
Economic recessions are often accompanied by stock market crashes and extended periods of low returns. Here are some of the best investments to hold during a recession.