In addition to the usual list here are the top ranked forecasters’:CIBC: -20.5MItau Unibanco: -20MGoldman: -24MMUFG: -22MAmeriprise: -23MBarx: -20MDai-Ichi Life: -26.8MBNP: -24MBAML: -22M
Market Review - 08/05/2020 00:18GMT
Dollar falls broadly on profit taking ahead of key U.S. jobbs report The greenback cut its recent winning streak despite making initial gain on Thursday and ended the day lower against its G7 peers s a rally in U.S. stocks boosted risk sentiment and triggered b
EUR/GBP edged lower to 0.8670 last week but quickly recovered. Initial bias remains neutral first. Considering bullish convergence condition in 4 hour MACD, a short term bottom might be formed after failing to sustain below 55 day and 55 week EMAs. Focus is back on 0.8863 resistance this week. Break
SP 500 futures continued yesterday’s selling and plunged more than 2% below 2850 as of the London session now. The price action today before the US session revealed a false breakout on S&P 500 as we are stepping into May. Is “sell in May and go away” a smart move?
Check out the video below for a
Cable holds in red and some hundred pips below Thursday's two-week high (1.2642), hit after 1% daily rally, sparked by month-end dollar's sales. The rally was capped by key barriers at 1.2647 (14 Apr former high / 200DMA) and sterling dipped after facing reality. Global optimism was revived
WTI pares the early-day gains following Moody’s downbeat forecasts.
The early-Asia recovery took clues from weak US dollar, upbeat API data and technical breakout.
EIA’s weekly oil inventories, US GDP and virus updates will be the key catalysts.
WTI drops from intraday high of $14.40 to $13.57, up
The movements in oil, specifically WTI, is the most mesmerising scenario to have materialised in the COVID-19 era; like deer in the headlights mesmerising.
You can’t take your eyes off the collapse. The fact that the May futures price (not the spot price) went negative the day before expiry, turned
AUD - Australian Dollar
The Australian Dollar remained largely range bound through trade on Monday, despite broader USD gains and month end rebalancing. The AUD bounced between intraday lows at 0.6112 and session highs at 0.6180, largely holding onto the gains won throughout last week. The Federal g
Economic confidence data from euro area and consumer prices from Germany are due on Monday, headlining a busy day for the European economic news.
At 2.00 am ET, UK Nationwide Building Society is set to release house price data. Economists forecast house prices to rise 2.1 percent on year in March, s
Dollar softens mildly again today as consolidation extends. The shock delivered by initial jobless claims is actually rather well expected. The greenback dips slightly after Fed chair Jerome Powell’s comments, but that’s it. BoE keep monetary policies unchanged at the scheduled meeting today, which
Stay on top of the markets with Swissquote’s News & Analysis
Pivot (invalidation): 8480.00
Our preference Long positions above 8480.00 with targets at 9070.00 & 9200.00 in extension.
Alternative scenario Below 8480.00 look for further downside with 8260.00 & 7970.00 as t
USD/JPY remains heavy amid risk-off at full steam.
The bulls lose nearly 120 pips from the Asian highs.
Focus on the US Senate vote again on coronavirus economic package bill.
The selling interest around the US dollar remains unabated across the board, knocking-off USD/JPY back below 110.00, down
Global coronavirus outbreak remain the main theme but markets are having kind of different reactions. US stocks extended this week’s steep decline overnight, down selling pressure seemed to have eased a bit. Nikkei is leading Asian markets low but Chinese stocks are relatively resilient. In the curr
After suspending the Australian Financial Services (AFS) licence of Financial Options Pty Ltd in August of last year, the Australian Securities and Investments Commission (ASIC) announced this Tuesday that it has now cancelled the company’s licence.
Financial Options, a Queensland-based
USD/JPY has erased losses, but so far gains have remained elusive.
The upside is likely being capped by the losses in the S&P 500 futures.
USD/JPY's recovery from session lows could be short-lived, as the US equity index futures are now flashing red.
The pair's retreat from the nine