Dollar Firm on Risk Aversion, Oil Stays Pressured
Dollar and yen are staying in the driving seats for the week so far, on risk aversion. After the historic horrors of the May WTI oil contract, the markets are now into June contract, which is down at around 10....
These two tech stocks could be the biggest winners despite an ‘ugly’ earnings season
A moment of truth is coming for the world’s biggest technology companies. They are starting to report first quarter results as the coronavirus shutdowns slam into the markets. But tech analyst Gene Munster expects a couple of widely held names...
UK PMIs to Slump Further as Lockdown Extended; Retail Sales to Tumble as Well
With the number of new daily cases of coronavirus in Britain now rising faster than in other European countries, dashing hopes of an early exit from lockdown, flash PMI and retail sales releases will draw interest this week. The Purchasing...
USDJPY Consolidates Below SMAs and Ichimoku Cloud
USDJPY has been consolidating since March 27 and has been stuck in a channel tilting slightly to the downside. The neutral to bearish picture in the short-term looks to last for a while longer after price slipped below the simple...
Sterling and Commodity Currencies Pressured as Oil Rout Continues
Risk aversion stays in the markets today as WTI crude oil May future is back in negative territory above a brief stay above zero. Investors also turned cautious on news about critical health condition of North Korean leader Kim Jong-un....
Gold Maintains Positive Structure Despite Negative Pressures
Gold appears to be breaching the 1,678 level, that being the 23.6% Fibonacci retracement of the up leg from 1,455.17 to 1,746.95, and the 1,672 inside swing high, following a pullback off the 88-month peak of 1,746.95. The short-term oscillators...
US Futures Declining, Watch IBM, KO, PM
The S&P 500 Futures remain under pressure after they closed lower yesterday as market sentiment was impacted by oil price collapsing into negative territory. Later today, official data on U.S. Existing Homes Sales for March will be released (an annualized...
Fitch downgrades 10 European banks and warns coronavirus impact could lead to more
The headquarters of Commerzbank stands on March 19, 2020 in Frankfurt, Germany. Thomas Lohnes Ten Western European banking groups have been downgraded by Fitch Ratings amid the coronavirus outbreak, and the agency has given 95% of the lenders in its...
Negative Oil Price Prompts Risk Off, Dollar and Yen Jump
Markets are generally back in risk aversion, as selloff was sparked by historic move in oil prices. Yen and Dollar strengthen broadly as a result. Canadian dollar was weighed down slightly too but selloff is limited so far. Instead, New...
NZD/USD Dilemma: Lockdown Lift And Dampened Commodity Sentiment
NZD/USD does not seems to be benefiting from New Zealand’s planned lockdown lift and upbeat CPI data… Yesterday (April 20), the New Zealand dollar outperformed other major currencies against the greenback, gaining 0.2% compared with the prior session. New Zealand...
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