A bit of hope The numbers in the US aren't looking good. As of Sunday morning there were at least 24,380 cases and that puts the US behind only Italy and China.
Forex Today: Coronavirus pandemic continues to back risk-off
Here is what you need to know on Monday, March 23rd: The coronavirus crisis continues to dominate the headlines. The latest figures show that Italy Sp
Where are we in the cycle of market emotions?
These are dark times Global equities are down around 35% in a month and junk bond yields are at a 1000 bps spread, with investment grade sinking as well. These are dark times and we've gone from 'euphoria' to something much worse in record time.
Coronavirus: UK PM Johnson begins news conference
British Prime Minister Boris Johnson said on Sunday that the government now had to take special steps to protect the most vulnerable from the coronavi
Fed's Bullard: Says Fed willing to do more to assist with crisis
St. Louis Federal Reserve President James Bullard said today that argues that a potential $2.5 trillion hit coming to the economy is both necessary an
USD/CHF Weekly Outlook
<p>USD/CHF’s rebound from 0.9181 extended to as high as 0.9901 last week. The break of 0.9484 resistance should indicate completion of fall from 1.0237. Initial bias remains is now on the upside this week for 1.0023 resistance. Break will target 1.0237 high. On the downside, below 0.9649 minor support will turn intraday bias neutral and
GBP/USD Weekly Outlook
<p>GBP/USD’s decline accelerated to as low as 1.1409 last week, then formed a temporary low there and recovered. Initial bias remains neutral this week for consolidations first. But recovery should be limited by 1.2129 minor resistance to bring fall resumption. On the downside, break of 1.1409 will resume larger down trend. In the b
CFTC Commitments of Traders – Bets on Major Currencies Reduced as Global Central Banks Rushed to Cut Rates
<p>Bets on major currency futures were trimmed on last week, as major central banks announced emergency measures to contain risks of global recession. US dollar soared last week despite Fed’s two rate cuts in 2 weeks, bringing the Fed funds rate -150 bps lower. Besides announcing to expand QE by +120B euro, ECB accelerated measures [&he
Weekly Forex Forecast – 22 March 2020
Get the weekly Forex forecast for major currency pairs for the week of March 23, 2020 here.