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Gold up 4% today Gold is up $60 today to $1558 in the second day of gains after making a stand at $1450 last week. Importantly, volatility has fallen for three days in a row. The Fed has also pledged to

Price moves above the high from Friday The EURGBP is one of the biggest movers of the day. At current levels it is up 1.54% or 142 pips.    In the process, the price has moved above the 100 hour MA at 0.92294 and then based at the MA and moved higher.   The move also […]

New Zealand finance minister  Also: NZD has been strongly bid the whole session – hopes of a deal in the US Congress on the corv coronavirus economic relief measures is boosting nearly everything at the expense of the USD today. NZD adding a little more now 

Wall Street Journal reports, citing industry and federal officials:  – Major U.S. airlines are drafting plans for a potential voluntary shutdown of virtually all passenger flights across the U.S.  

Comments by German economy minister, Peter Altmaier – We have committed to pay debt back from 2023 – Growth phase will only be possible once the coronavirus spread slows Germany to a €750 billion stimulus package yesterday, with the government turning away from its frugal policy-making to counter the virus fallout.

Gold led stocks in 2008/2009 Yesterday I mentioned and that made me think about something else around gold's behaviour in the last major financial crisis. One interesting aspect of gold's behaviour in 2008/2009 is that it lead the US stock recovery in 2008/09. Take a look at the chart below: 

The Thai prime minister confirms that they will impose an emergency decree to curb the spread of the coronavirus epidemic ForexLive

AUD/USD is testing key near-term levels amid the dollar fallout ForexLive After the Fed announcement yesterday, the dollar weakened and that saw AUD/USD run higher to test the 100-hour MA (red line) before backing off.

A more positive mood in early trades – German DAX futures +4.4% – French CAC 40 futures +3.7% – Spanish IBEX futures +5.2% ForexLive With US futures also keeping gains of over 4% so far today, this is helping to set up a solid open for European stocks after a poor showing to start the […]

The greenback continues to ease as the Fed launches unlimited QE ForexLive The dollar is down to session lows as it is seeing over 1% losses across most major currencies, with EUR/USD rising to 1.0866 from just under 1.0800 earlier.