Dollar Rally Continues, Sterling Resilient, Franc Shrugs SNB
Dollar remains the strongest one for the week, followed by Yen, as risk aversion continue to dominate. The recovery attempts in European stocks appeared to have faded very quickly while DOW futures point another day of lower open. Sterling is...
U.S Futures Flat – Watch CAN, SSP, NKLA, KMX, PENN, RAD
The S&P 500 Futures are flat following Wednesday sharp correction as the Dow Jones Industrial Average slumped 525 points (-1.92%) to 26763, the S&P 500 tumbled 78 points (-2.37%) to 3236, and the Nasdaq 100 plummeted 353 points (-3.16%) to...
Sentiment Not Improving
Investors are growing increasingly unimpressed with the near-term prospects for the global economy and the markets are suffering the consequences. Rising Covid cases, a fiscal void in Washington and monetary policy caution is taking its toll on investor sentiment as...
SNB Expects Deflation to Stay Until 2Q21. Pledged to Intervene Exchange Rate as CHF Remains Highly Valued
As widely anticipated, SNB left the policy rate unchanged at -0.75%. It reiterated the view that Swiss franc remained “highly valued” and the commitment to intervene in the FX market. The central bank will publish data on money and foreign...
US Stocks Near Correction Territory: Is It Time To Turn Bullish?
Equity markets sold off aggressively on Wednesday dragging the S&P 500 2.4% lower for the day and the index is now down nearly 9% from its record high set at the start of the month. We are almost in correction...
Gold Loses Its Shine As It Nears A Two-Month Low
The precious metal remains in a bearish move after earlier this week, price failed to hold above the 1900 level. A brief retracement saw prices testing the 1911.50 level. But with no further room to go, gold prices reversed direction. At...
Dollar Powers Up as Risk Aversion Intensifies on Coronavirus Resurgence
Risk aversion continues to dominate the markets, on concern of another wave of coronavirus infects, as the Northern Hemisphere is entering in fall and winter. US stocks closed notably lower after brief initial rebound. Asian markets follow with heavy selling,...
Economist Stephen Roach issues new dollar crash warning, sees double-dip recession odds above 50%
Economist Stephen Roach warns next year will be brutal for the dollar. Not only does he see growing odds of a double-dip recession, the Yale University senior fellow believes his “seemingly crazed idea” that the dollar would crash shouldn’t be so...
JPMorgan to pay almost $1 billion fine to resolve US investigation into trading practices
A man is reflected in a sign outside of the JPMorgan Chase headquarters in New York City. Getty Images JPMorgan Chase is close to paying almost $1 billion to resolve government investigations into the alleged manipulation of metal and Treasuries...
AUD/USD Outlook: Aussie Falls to 1 1/2 Month Low on Stronger Greenback, Expectations of RBA Rate Cut
The Australian dollar extends steep fall into fourth straight day (down 2.9% from last Friday’s 0.7334 high) and falls to 1 1/2 – month low on Wednesday. Strong risk aversion continues to deflate Aussie, with additional negative signals seen from...
Signal2forex.com - Best Forex robots and signals




