With the beginning of this week’s trading, the recent US dollar record gains have stopped.
GBP/USD Technical Analysis: The USD Remains Stronger – 24 March 2020
The US dollar remains the strongest against most other major currencies, as investors buy the American currency amid large efforts by the US central bank to stimulate the American economy and American markets.
Gold Technical Analysis: The Beginning of New Correction Attempts – 24 March 2020
For the second day in a row, gold prices are trying to correct higher, taking advantage of the US dollar's gains, with the yellow metal's gains reaching the $1575 level at the time of writing.
Fear is everywhere but there's FOMO too
Fear of missing out appears Many equities are pricing in a depression and a high risk of insolvency. These are dark times but you hate to bet against humanity, central banks and fiscal firepower. Everyone wants to buy-the-dip, eventually.
Audio recap: Services PMI data shrugged off
What's the market looking at today Services PMI data out of Asia, Eurozone and the UK has been nothing short of ugly, though this hasn't done much at all in stopping the major currencies from extending their respective recoveries against the Buck. The primary driver of the Dollar selling has been the latest Fed action, […]
EUR/SGD: Is a Renewed Push to the Downside Pending? – 24 March 2020
Core inflation in Singapore turned negative for the first time since 2010, and the Money Authority of Singapore (MAS) announced it is closely following the impact of Covid-19
USD/JPY Forex Signal: Bullish Consolidation – 24 March 2020
USD/JPY: Yen getting weaker over time
AUD/USD Forex Signal: Bullish Above 0.5962 – 24 March 2020
AUD/USD: Price at very pivotal point
NASDAQ 100 Forecast: Trying to Build a Base – 24 March 2020
The NASDAQ 100 has been all over the place during the trading session on Monday, oscillating between gains and losses with the 7000 level being the fulcrum for price.