The US Dollar may rise if consumer sentiment and spending data print worse-than-expected figures and reignite demand for liquidity and push the haven-linked Greenback higher.
Blogs
Gold Prices Steady Despite Increased Coronavirus Stimulus Hopes
Gold prices remain close to two-week highs even as the market looks with hope toward the passage through Congress of a huge US financial rescue package.
US Dollar May Rebound as Fed QE Euphoria Subsides
The US Dollar is on the defensive after the Fed activated open-ended QE to becalm panicky financial markets, but scope for renewed stress means losses may be limited.
Indian Rupee Falls on RBI Emergency Cut, USD/INR Focuses on Sentiment
The Indian Rupee cautiously fell versus the US Dollar after the RBI cut rates in an emergency meeting amid the virus. USD/INR continues to focus on sentiment after clearing support.
Singapore Dollar, USD/SGD Outlook: Virus Stimulus Package, MAS Eyed
The Singapore Dollar soared after the local government announced extra stimulus, plunging USD/SGD through support and placing the aggressive uptrend at risk. Where to from here?
Can Coronavirus Helicopter Money Bring Markets Back to Life?
Investors in stocks, commodity currencies and energy have been praying for a massive fiscal bazooka to combat the virus effects. It looks like they’re going to get it.
AUD/USD Rate Rebound Undermined by Bear Flag Formation
The recent rebound in AUD/USD may end up being short lived as a bear flag takes shape, while the RSI continues to track the downward trend from earlier this year.
British Pound, GBP/USD Climb Through Resistance. Yen at Risk Next
The British Pound rose alongside equities as GBP/USD broke above key falling resistance. Ahead, the anti-risk Japanese Yen may weaken if Asia Pacific stocks follow Wall Street’s lead.
Gold Price Outlook: Stimulus May Propel XAU/USD Past Resistance
Gold suffered a substantial pullback two weeks ago as risk aversion roared and investors sought liquidity in the form of the US Dollar. Now, however, gold could resume higher as governments offer aid.
BoC cuts overnight rate to 0.25%, starts government securities purchases
<p>In an unscheduled announced, BoC decided to lower overnight rate by -50bps to 0.25%. Bank rate is then correspondingly at 0.50% and deposit rate at 0.25%. BoC said, “this unscheduled rate decision brings the policy rate to its effective lower bound and is intended to provide support to the Canadian financial system and the economy [&