Silver and gold prices have had a fascinating 2020, counterintuitively falling as the coronavirus’ economic hit has become horribly apparent. A rebound is now afoot.
USD/CAD Levels to Watch Following Failed Attempt to Test 2016 High
USD/CAD appears to be reversing course ahead of the 2016 high (1.4690), with the Relative Strength Index (RSI) on its way to flash a textbook sell signal.
Gold Prices Rise As Coronavirus Stimulus Curbs Cash-Out Impulse
Gold prices rose as hopes for massive economic life support curbed the previously overwhelming rush into cash. Enduring stock market gains saw some of that advance pared though.
ECB Willing to Take Further Measures if Necessary – 23 March 2020
The European Central Bank's Governing council member, Ignazio Visco said on Monday that the recent measures that the bank took against the effects of the coronavirus outbreak are sufficient and effective.
Demand Rises for Dollar's Safe Haven Appeal – 23 March 2020
The dollar recovered from earlier losses and headed near to a three-year high during London trade on Monday as a selloff in equities worldwide continued to ripple.
Canada to introduce new powers to spend money and raise taxes without having to get the approval of Parliament
Canadian media Global News with the report: The legislation has implications for the ruling party beyond just what is intended. Link here for more. CAD is a lot higher today, swept up in the USD selling right across the board we've been seeing the whole session:
Taiwan joins Singapore in suspending the transit of airline passengers through its airport
Singapore announced the measure over the weekend: Taiwan is also to suspend the transit of airline passengers through its airport – from today, 24 March 2020 A measure to help control the spread of the coronavirus.
Canadian Dollar Price Outlook: USD/CAD Virus Breakout may be Overdone
Canadian Dollar plunged 11.7% YTD vs US Dollar with USD/CAD testing key resistance near five-year highs. Here are the trade levels that matter on the technical charts.
Gold Price to Resume Ascent as Fed Asset Purchases Balloon
Gold looks geared up to recommence its meteoric rise, perhaps to new highs, following unprecedented news that the Fed looks to purchase an unlimited amount of US Treasuries.
USD/MXN Forecast: US Dollar to Mexican Peso Extends Parabolic Climb
The near-vertical breakout in spot USD/MXN price action keeps ramping higher as the US Dollar surges another 3% against the Mexican Peso. How much longer might the rally in USD/MXN last?