<p>The <strong>Dollar</strong> has remained firm amid nervous global markets, with demand for cash dollars remaining high while some traditional safe haven assets, such as gold and US Treasuries, have nonetheless remained under pressure as investors rebalance portfolios and build cash cushions to cover margin calls. US bonds have
Have we reached a bottom already?
<div> <div> <p>Cryptocurrencies could not remain outside the global selloff, with BTCUSD reaching $3,762.50 lows on Friday the 13th, while this week they keep dancing on the lower barrier of the 3-year Falling Channel. This week, Bitcoin has been trading at less than 40% of its 2019 peak value, with continuously increasing volatil
Gold keeps losing its shine
<p><span><strong>It’s a global selloff in stocks and bonds as everyone wants cash</strong>, and in dollars at that, which is intensifying liquidity issues. The markets are dysfunctional as COVID-19 and the global containment policies, as well as fiscal and monetary policy measures exacerbate investor fears, which are g
Intervention of central banks in exchange rate markets
<p>The SNB left the key rate unchanged at -0.75% as widely expected, but vowed to step up FX intervention and to keep the banking sector liquid, in simple terms to keep the currency under control. The central bank acknowledged the impact of virus developments, which also put upward pressure on the CHF. The SNB said […]
Live Market Analysis – March 19 2020 – More USD Bid
<p>As Cable trades at 35 year (1985) lows, the Aussie at 18 year lows and the Kiwi at 12 year lows, USD demand remains the main story in FX markets.</p> <p><iframe src="https://www.facebook.com/plugins/video.php?href=https%3A%2F%2Fwww.facebook.com%2Fhotforexcom%2Fvideos%2F888507198261608%2F&show_text=0&widt
BOE lowers again and adds more QE
<h3>GBPUSD, H1</h3> <div> <p>The BOE lowered rates to 0.10%. The BOE says it will increase holdings of government bonds (new QE). The vote was unanimous. It has been a traumatic first week for the new Governor Andrew Bailey. Cable leapt to <strong>1.1650</strong>.</p> </div> <div></div> &l
A Bearish Move for USDCAD?
<p><em><span>Although fundamentals are not yet effectively forecast, prices have begun to show the rise in the USDCAD slowing down, in part because of a significant level located above the major resistance.</span></em></p> <p>Meanwhile, the oil price war has contributed greatly to the USDCAD pair. The rise
United States CFTC Gold NC Net Positions down to $281.9K from previous $299.5K
United States CFTC Gold NC Net Positions down to $281.9K from previous $299.5K
Gold Price Analysis: XAU/USD consolidates losses near $1500/oz
Last week, gold registered the worst weekly decline since 1983, erasing the early 2020 spike up while now challenging the 50 WMA (weekly simple moving average)
S&P500 Price Analysis: US stock index grinds down further, hits lowest since February 2017
The market is resuming to the downside after a few days of consolidation. The S&P500 is now in a bear market as it dropped more than 20% from the recent record