The US Dollar is set to record its largest single week's decline in more than ten years after several of the world's global banks announced a concerted effort to provide liquidity.
Blogs
USD/CAD: Canadian Dollar Forecast Post-BOC Emergency Rate Cut
USD/CAD price outlook is mired by a pullback in the broader US Dollar and deeper crash in crude oil. Can the Canadian Dollar prolong its rebound attempt as the Bank of Canada, or BOC, slashes rates?
Stock Market Forecast: Recession Likely Unavoidable Amid Virus Fallout
Despite unprecedented Fed liquidity and fiscal stimulus measures, economic turmoil caused by the coronavirus mounts and raises the risk of recession, which could strongarm the stock market lower.
Australian Dollar Boosted By Stimulus Hope, Coronavirus Stays in Charge
The Australian Dollar has been lifted from its multi-year lows by hopes that global financial authorities can fend of the worst of the coronavirus‘ effects. The economic data are dire though, and l…
US Dollar Tanks, S&P 500 Stabilizes as FOMC Counters Coronavirus
It's been a brutal month for the risk-on trade. But a glimmer of hope has shown as the S&P has held on to support with the US Dollar tempering gains.
Crude Oil Price Drives Lower with S&P 500, VIX Snaps Back
Crude oil price sinks another 7% on Friday as the S&P 500 Index spirals lower. Volatility rebounds toward crisis-high readings while sentiment crumbles owing to coronavirus recession risk.
USD/CAD Erratic Price Action After Bank of Canada Emergency Rate Cut
The Bank of Canada is the latest central bank to announce an emergency interest rate cut.
USD/ZAR – US Dollar vs South African Rand, ZAR Remains Vulnerable
South Africa forced into QE, eyes on Moody’s Rating. Downgrade to junk poses downside risks to South African Rand
USD/MXN Outlook – Mexican Peso Besting a Weak US Dollar, Volatility Remains Extreme
USD/MXN may well have made its short-term high with the latest US liquidity pump driving down the value of the US dollar.
British Pound (GBP) Latest: GBP/USD and FTSE 100 Trimming Wild Gains
A volatile week in UK asset markets with both the British Pound and the FTSE 100 storming back from multi-year lows. Support levels for both will be keenly eyed by traders.