Euro: USD/EUR (EUR=X) Some dollar volatility

Euro: USD/EUR (EUR=X) Some dollar volatility

Euro: USD/EUR (EUR=X) Some dollar volatility The greenback has been the main mover on currency markets within the past seven days. In the early part of last week, it had been on the back foot as signs of progress in the race for a Covid-19 treatment supported risk appetite. The currency managed to recovery some […]

Shutdown Prepares to Bite US Economy

Shutdown Prepares to Bite US Economy

The business shutdowns caused by the coronavirus pandemic could “easily” cause the US economy to collapse by 20 to 30 percent this quarter, Federal Reserve Chair Jerome Powell said Sunday. Data show more than 30 million jobs were destroyed in the world’s top economy, as businesses were shuttered nationwide amid the efforts to stop the […]

Interest Rate Options Sees Fed Shifting Policy, Below Zero Next

Interest Rate Options Sees Fed Shifting Policy, Below Zero Next

The Fed has all but ruled out (meaning not) the economic and financial-markets impact of the C-19 coronavirus chaos that is causing investors to give serious thought to the implications of a policy shift to negative interest rates Rate options, which gauge monetary policy expectations Monday implied a 23% probability that the Key fed funds […]

The C-19 Coronavirus Chaos and Gold

The C-19 Coronavirus Chaos and Gold

$XAU $GLD $VXX $USD The Big Q: How High is Too High for the precious Yellow metal? Q-1 of Y 2020 was positive for gold prices, as the chart below shows. The precious Yellow metal gained 6.2% from 31 December 2019 to 31 March 2020, moving from 1,515 to 1,609 oz. In April, gold rallied to 1,693, increasing […]

British Pound: USD/GBP (GBP=X) BoE holds off from pumping further stimulus into Britain’s economy

British Pound: USD/GBP (GBP=X) BoE holds off from pumping further stimulus into Britain’s economy

British Pound: USD/GBP (GBP=X) BoE holds off from pumping further stimulus into Britain’s economy Sterling rose by around half a cent versus the dollar on Thursday, after the Bank of England held rates steady at 0.1%, as expected, and held off on further stimulus. The pound rose to as much as $1.2380 from $1.2331 before […]

There Once Was the Gold Standard, Now it is Infinite Quantitative Easing

There Once Was the Gold Standard, Now it is Infinite Quantitative Easing

$GLD $XAU $USD The US once was on a gold standard. This meant people could exchange their Bucks for a fixed amount of gold. The US moved away from a strict gold standard in the 1930’s, and President Nixon abandoned it altogether in Y 1971. Since then, the USD has been a “fiat currency.” Meaning […]

Coronavirus Lockdown Easing Brings Relief Rally, But a Wave of Bad Economic News Will Follow

Coronavirus Lockdown Easing Brings Relief Rally, But a Wave of Bad Economic News Will Follow

Most equities rose again on Wednesday as investors grew increasingly, but cautiously, hopeful that the worst of the coronavirus had passed and as countries begin to slowly open up from lockdown. But the unemployment data will hurt the sentiment at the end of the week. We are not buyers in here, the Politicians that imposed […]

US exports plunged 9.6 percent in March and that’s the good news

US exports plunged 9.6 percent in March and that’s the good news

US exports plunged 9.6 percent in March — the biggest monthly decline on record — increasing the trade deficit to $44.4 billion as the coronavirus pandemic disrupted global commerce, according to government data released Tuesday. The Media and the Democrats continue to whip up a Carona frenzy with the aim of putting Joe Biden in […]

Japanese Yen: USD/JPY (JPY=X) Buy at 105.20

Japanese Yen: USD/JPY (JPY=X) Buy at 105.20

Japanese Yen: USD/JPY (JPY=X) Buy at 105.20 USD/JPY has opened the week’s trade on a bearish note as risk-off amid fresh US-China trade woes weighs. The major was trading 0.14% lower on the day at 106.73 at around 05:15 GMT after closing 0.23% lower on Friday’s trade. US diplomats allege China for the mishandling of […]

Top Gold Miner Stocks for 2020 + HeffX Gold Report

Top Gold Miner Stocks for 2020 + HeffX Gold Report

$GDX $GLD $XAU $GOLD $NEM $USD Gold is regarded as a safe-haven in times of market uncertinty, and it is Money. Investors can gain exposure to the gold industry by buying stocks of companies engaged in the exploration and mining of the precious Yellow metal. Some of the major players in the gold industry include mining companies […]

Australian Dollar: USD/AUD (AUD=X) set to edge lower

Australian Dollar: USD/AUD (AUD=X) set to edge lower

Australian Dollar: USD/AUD (AUD=X) set to edge lower The Australian dollar significantly rallied a bit during the week, breaking above the 0.65 level before selling off towards the end of the same week. Ultimately, this is a market that I think could continue to see a lot of noise, especially in this area as it is a […]

Gold Futures Off Ahead of FOMC Rate Decision

Gold Futures Off Ahead of FOMC Rate Decision

$XAU $GLD $XAG $SLV $USD Gold slipped for a 3rd day running as countries moves toward easing stay at home restrictions and reopening economies lessened desires for safe-haven assets. Spain announced loosening measures after Tuesday’s weekly cabinet meeting. France’s PM to present the blueprint for opening up to the National Assembly. Several US states have […]

Canadian Dollar: USD/CAD (CAD=X) follows gains versus big dollar, ignores $3+ drop in crude prices

Canadian Dollar: USD/CAD (CAD=X) follows gains versus big dollar, ignores $3+ drop in crude prices

Canadian Dollar: USD/CAD (CAD=X) follows gains versus big dollar, ignores $3+ drop in crude prices The CAD is modestly firmer versus the USD but gains remain light relative to the AUD and NZD on the day—AUDCAD is trading at its highest levelsince the start of the year. We are bullish on the cross and look […]

“For every coin we mint, be it gold or silver, we could probably sell 5 or 6 of them,” the Perth Mint

“For every coin we mint, be it gold or silver, we could probably sell 5 or 6 of them,” the Perth Mint

$GLD $XAU $SLV $XAG $USD Australia’s largest gold refinery has ramped up production of 1 kilogram bars to ease the supply squeeze in the US that helped propel a surge in the premium for New York futures. The collapse in air travel that’s grounded passenger jets used to transport gold products and virus-related disruptions to some […]

The Price of Gold Vs The Price of Crude Oil

The Price of Gold Vs The Price of Crude Oil

$GLD $XAU $USO $OIL $USD At the moment, the sharp move down in Crude Oil is Bullish gold prices Monday will go down in the scrap books as a historic day for Crude Oil prices, but energy-exposed stocks did not collapse as some envisioned. The price on the futures contract for WTI Crude Oil that […]

Euro: USD/EUR (EUR=X) Rallies Are Now a Chance To Sell

Euro: USD/EUR (EUR=X) Rallies Are Now a Chance To Sell

Euro: USD/EUR (EUR=X) Rallies Are Now a Chance To Sell The Euro reversed to the upside late Friday as investors, cautiously optimistic about the results of a drug trial and President Donald Trump’s plan to reopen the economy, regained some appetite for risk and in the process took profits in the U.S. Dollar ahead of […]

Japanese Yen: USD/JPY (JPY=X) near-term bias remains neutral

Japanese Yen: USD/JPY (JPY=X) near-term bias remains neutral

Japanese Yen: USD/JPY (JPY=X) near-term bias remains neutral The Dollar/Yen finished marginally higher last week after posting an uneventful two-sided trade. The Forex pair fell to a two-week low as risk sentiment returned to the market following better-than-expected economic data from China (Trade Balance), which painted a less gloomy picture than feared following the coronavirus […]

Australian Dollar: USD/AUD (AUD=X) volatile shifts in investor sentiment tied to the impact of the coronavirus

Australian Dollar: USD/AUD (AUD=X) volatile shifts in investor sentiment tied to the impact of the coronavirus

Australian Dollar: USD/AUD (AUD=X) volatile shifts in investor sentiment tied to the impact of the coronavirus The Australian Dollar closed lower last week, but surprisingly finished higher three out of five trading sessions. Most of last week’s loss took place in one trading session. The week started with the Australian Dollar, which is sensitive to […]

Gold’s Price Target is Higher

Gold’s Price Target is Higher

$XAU $GLD $USD Gold traded just off 7-yr highs Thursday as investors bet the precious Yellow metal price would swell as the COVID-19 chaos reshapes financial markets. Futures for June delivery inched up 0.3% to 1,746 oz, holding just below their April high of 1,768. Gold is up 16% YTD, thanks to investors who view it as a […]

Canadian Dollar: USD/CAD (CAD=X) higher as traders digest the disappointing U.S. retail sales data

Canadian Dollar: USD/CAD (CAD=X) higher as traders digest the disappointing U.S. retail sales data

Canadian Dollar: USD/CAD (CAD=X) higher as traders digest the disappointing U.S. retail sales data The Canadian dollar finally found some support overnight, after free-falling since Tuesday, and it had nothing to do with any domestic reasons. Canadian dollar direction, like the rest of the G-10 majors, continues to be dictated by broad U.S.-dollar sentiment. That […]

Japanese Yen: USD/JPY (JPY=X) outlook bullish for stronger gain to 118.59/61 early next week

Japanese Yen: USD/JPY (JPY=X) outlook bullish for stronger gain to 118.59/61 early next week

Japanese Yen: USD/JPY (JPY=X) outlook bullish for stronger gain to 118.59/61 early next week Pay attention to the stock market, because it will make quite a bit of difference as to where this market goes. Ultimately, this is a market that I think continues to see a lot of noise but clearly if we break […]

Gold Up, Investors Seek Safe-havens

Gold Up, Investors Seek Safe-havens

$XAU $GLD Gold prices rose 1% Thursday as investors sought safe-havens after dour US economic reports exacerbated fears of a global recession amid central banks’ efforts to stem the financial rout from the coronavirus outbreak. Spot gold was up 0.9% at 1,730.49 oz by 1104 GMT, erasing losses driven by profit-taking and a stronger USD […]

Gold Will Rise in This Economic Atmosphere, Government Bonds Should be Disposed

Gold Will Rise in This Economic Atmosphere, Government Bonds Should be Disposed

$GLD, $XAU, $SPY, $USD Bridgewater Associates’ Ray Dalio, founder of the world’s largest hedge fund, said investors would be “crazy” to hold government bonds now because of money printing by central banks to rescue the global economy. “This period, like the 1930-45 period, is a period in which I think you’d be pretty crazy to […]

British Pound: USD/GBP (GBP=X) Falls Sharply Lower Ahead of US Retail Sales as the Dollar Dominates the Majors

British Pound: USD/GBP (GBP=X) Falls Sharply Lower Ahead of US Retail Sales as the Dollar Dominates the Majors

British Pound: USD/GBP (GBP=X) Falls Sharply Lower Ahead of US Retail Sales as the Dollar Dominates the Majors GBP/USD briefly rose to a fresh one-month high yesterday but has given back the gain in early trading today, ahead of the US retail sales report. The pair has been weighed by a strong dollar as the greenback has […]

Euro: USD/EUR (EUR=X) off Lows With Germany to Reopen Economy as Soon as Monday

Euro: USD/EUR (EUR=X) off Lows With Germany to Reopen Economy as Soon as Monday

Euro: USD/EUR (EUR=X) off Lows With Germany to Reopen Economy as Soon as Monday The euro moved off session lows against the dollar on Wednesday, amid reports Germany, the economic powerhouse of Europe, plans to reopen parts of its economy as soon as Monday. “We have achieved a fragile intermediate success, but we don’t have […]

Japanese Yen: USD/JPY (JPY=X) Strengthens Over 106.706, Weakens Under 106.450

Japanese Yen: USD/JPY (JPY=X) Strengthens Over 106.706, Weakens Under 106.450

Japanese Yen: USD/JPY (JPY=X) Strengthens Over 106.706, Weakens Under 106.450 The Dollar/Yen fell to a two-week low early Wednesday as risk sentiment returned to the market. On Tuesday, the selling was fueled by better-than-expected economic data from China, which painted a less gloomy picture than feared following the coronavirus outbreak there. In today’s session investors […]

Australian Dollar: USD/AUD (AUD=X) falls after Australia unemployment rate rises in March

Australian Dollar: USD/AUD (AUD=X) falls after Australia unemployment rate rises in March

Australian Dollar: USD/AUD (AUD=X) falls after Australia unemployment rate rises in March The AUD/USD pair declined after the Australian Bureau of Statistics (ABS) released upbeat March jobs numbers. The data showed that the country’s job market remained steady before coronavirus restrictions started. According to ABS, trend employment increased by about 17,000 people in March. Most […]

British Pound: USD/GBP (GBP=X) Economic Calendar is Relatively Light This Week

British Pound: USD/GBP (GBP=X) Economic Calendar is Relatively Light This Week

British Pound: USD/GBP (GBP=X) Economic Calendar is Relatively Light This Week The pound to dollar exchange rate scaled above the 1.2500 handle yesterday for the first time in a month. From a technical perspective, the pair looks to be signaling a bullish continuation. However, if there is one thing that stands out about recent price […]

Euro: USD/EUR (EUR=X) investors move away from the greenback

Euro: USD/EUR (EUR=X) investors move away from the greenback

Euro: USD/EUR (EUR=X) investors move away from the greenback The American currency remained the weakest this Tuesday, leading EUR/USD to advance to 1.0984, its highest in almost two weeks. The market mood began improving during the Asian session, as China published its March Trade Balance, which posted a surplus of $19.9B, better than anticipated, with […]

Japanese Yen: USD/JPY (JPY=X) – US Dollar Looking for a Bottom Against Yen

Japanese Yen: USD/JPY (JPY=X) – US Dollar Looking for a Bottom Against Yen

Japanese Yen: USD/JPY (JPY=X) – US Dollar Looking for a Bottom Against Yen The US dollar has pulled back a bit during the trading session on Tuesday as we continue to test the ¥107 level. Ultimately, this is a market that I think will eventually have to make up its mind as to whether or not it […]

Australian Dollar: USD/AUD (AUD=X) Rate Correction To Face Australian Employment Report

Australian Dollar: USD/AUD (AUD=X) Rate Correction To Face Australian Employment Report

Australian Dollar: USD/AUD (AUD=X) Rate Correction To Face Australian Employment Report AUD/USD continues to retrace the sharp decline from the previous month as the Reserve Bank of Australia (RBA) abandons the dovish forward guidance for monetary policy, and the central bank may continue to change its tune over the coming months as officials insist that “smaller and less […]

Euro: USD/EUR (EUR=X) Little Changed in Holiday Thinned Trading

Euro: USD/EUR (EUR=X) Little Changed in Holiday Thinned Trading

Euro: USD/EUR (EUR=X) Little Changed in Holiday Thinned Trading EUR/USD shows subdued price action in the early day on Monday which is attributed to the Easter Monday holiday. However, volatility has generally slowed and there is a reason to believe this trend may continue. There was a sharp rise in volatility in late February as the […]

Japanese Yen: USD/JPY (JPY=X) is now near important retracement territory

Japanese Yen: USD/JPY (JPY=X)  is now near important retracement territory

Japanese Yen: USD/JPY (JPY=X) is now near important retracement territory The Japanese Yen has made gains on a broadly weaker US Dollar for the past week, but USD/JPY is now closing in on a key support area. Fundamentally, investors have been rethinking some of their Dollar-long positions as they weigh up the dawning US corporate earnings […]

Australian Dollar: USD/AUD (AUD=X) Looking to Continue Grinding Higher

Australian Dollar: USD/AUD (AUD=X) Looking to Continue Grinding Higher

Australian Dollar: USD/AUD (AUD=X) Looking to Continue Grinding Higher The Australian dollar initially pulled back a bit during the trading session on Monday, but then turned around to reach towards the top of the range from the previous session almost immediately during the US session. Keep in mind that several banks around the world were closed due […]

British Pound: USD/GBP (GBP=X) Continues to Press Major Resistance

British Pound: USD/GBP (GBP=X) Continues to Press Major Resistance

British Pound: USD/GBP (GBP=X) Continues to Press Major Resistance The British pound initially pulled back a bit during the trading session on Friday, but it was of course Good Friday, meaning that there was almost no trading going on. The 1.25 level above is offering a significant amount of resistance, and therefore we should be paying attention […]

Euro: USD/EUR (EUR=X) faces immediate resistance on charts this week

Euro: USD/EUR (EUR=X) faces immediate resistance on charts this week

Euro: USD/EUR (EUR=X) faces immediate resistance on charts this week The Euro received a last minute leg-up ahead of the holiday weekend after Eurogroup finance ministers agreed on a fiscal support package for the bloc’s economies, although it’s facing immediate resistance on the charts and technical analysts say it could now range-trade for a while. […]

Japanese Yen: USD/JPY (JPY=X) Fed Brings in More Dollars

Japanese Yen: USD/JPY (JPY=X) Fed Brings in More Dollars

Japanese Yen: USD/JPY (JPY=X) Fed Brings in More Dollars The Dollar/Yen drifted on Friday mostly due to thin holiday trading with most of the major financial centers closed for Good Friday. The general theme for the week was bearish with another stimulus measure by the U.S. Federal Reserve weighing the most on prices. Investors primarily […]

Australian Dollar: USD/AUD (AUD=X) highly sensitive to risk sentiment because of Australia’s dependence on China and the global commodities trade

Australian Dollar: USD/AUD (AUD=X) highly sensitive to risk sentiment because of Australia’s dependence on China and the global commodities trade

Australian Dollar: USD/AUD (AUD=X) highly sensitive to risk sentiment because of Australia’s dependence on China and the global commodities trade The Australian Dollar, which is highly sensitive to risk sentiment because of Australia’s dependence on China and the global commodities trade, inched higher on Friday due to the light bank holiday volume, highlighting easing stress […]

Fx: USD Pacing for Weekly Loss on Fed ‘Big Bang’ Lending Program, Virus Fear Fading

Fx: USD Pacing for Weekly Loss on Fed ‘Big Bang’ Lending Program, Virus Fear Fading

$USD Last time I looked, USD was on pace for a weekly loss Friday as the Fed’s massive new Big Bang lending program for small companies and sa slowdown in coronavirus infections reduced safe-haven demand. The GBP pulled ahead against the dollar and the euro as markets breathed a sigh of relief after British PM […]

British Pound: USD/GBP (GBP=X) Volatility Remains Subdued

British Pound: USD/GBP (GBP=X) Volatility Remains Subdued

British Pound: USD/GBP (GBP=X) Volatility Remains Subdued GBP/USD has seen a sudden drop in volatility in April and was seen continuing to trade essentially sideways in the early day on Wednesday. The pair saw some buying yesterday as the dollar broadly lost ground against its major counterparts. The greenback has been following an inverse relationship with […]

Japanese Yen: USD/JPY (JPY=X) Consolidating

Japanese Yen: USD/JPY (JPY=X) Consolidating

Japanese Yen: USD/JPY (JPY=X) Consolidating The US dollar has gone back and forth during the trading session on Wednesday, as we continue to dance around the 50 and the 200 day EMA indicators. At this point, the market doesn’t necessarily look as if it is ready to go anywhere anytime soon, so I believe that the market […]

Australian Dollar: USD/AUD (AUD=X) Continues to Press Resistance

Australian Dollar: USD/AUD (AUD=X) Continues to Press Resistance

Australian Dollar: USD/AUD (AUD=X) Continues to Press Resistance The Australian dollar initially pulled back a bit during the trading session on Wednesday, but turned around to show signs of strength, as we reached towards the 0.62 level. At this point, the market breaking above that level and the 61.8% Fibonacci retracement level which is just […]

“Cash Is Trash” as Treasury’s Printing Presses Roll, There is a Costly Negative to Holding It

“Cash Is Trash” as Treasury’s Printing Presses Roll, There is a Costly Negative to Holding It

$USD There are better assets to hold than cash as central banks print money and keep interest rates low in response to the coronavirus pandemic. “Please remember that while it does not move around in value as much as other assets, there is a costly negative return to it,” said investment manager Ray Dalio. “So, […]

Gold 1 OZ (XAU=X) one of the safe havens during this pandemic and beyond

Gold 1 OZ (XAU=X) one of the safe havens during this pandemic and beyond

Gold 1 OZ (XAU=X) one of the safe havens during this pandemic and beyond Gold markets have been relatively quiet during the trading session on Wednesday after peeking through the $1700 level on Tuesday. By given back gains the way the market has, it ended up forming the shooting star during the Tuesday session which in […]

Gold, “Buying at these marks is attractive to investors”

Gold, “Buying at these marks is attractive to investors”

$XAU $GLD Gold prices in Asia are trading lower Wednesday morning despite continuing economic uncertainty. The precious Yellow metal continued its losses from the previous session as gold futures were down 0.22% to 1,680 by 9:33 PM ET (2:33 AM GMT). Gold prices tend to move in the opposite direction from stocks, but the 2 moved in the same direction for the 2nd day running. Asian stock markets opened mixed Wednesday with some […]

Canadian Dollar: USD/CAD (CAD=X) continues to firm as risk sentiment improves

Canadian Dollar: USD/CAD (CAD=X) continues to firm as risk sentiment improves

Canadian Dollar: USD/CAD (CAD=X) continues to firm as risk sentiment improves The Canadian dollar continues to gain against the US dollar as global risk sentiment remains positive in the short-term. USD/CAD rose had one of its best month’s in the last three years in March, rallying from around 1.3400 to a peak of 1.4670 before […]

British Pound: USD/GBP (GBP=X) Reverses

British Pound: USD/GBP (GBP=X) Reverses

British Pound: USD/GBP (GBP=X) Reverses The British pound initially pulled back during the trading session on Tuesday but found enough buyers to turn around and send this market higher. By breaking the top of the inverted hammer from the previous session, this is a very bullish sign, but we obviously have a lot of resistance just above, […]

Euro: USD/EUR (EUR=X) Gains as Risk Appetite Taints Dollar Demand

Euro: USD/EUR (EUR=X) Gains as Risk Appetite Taints Dollar Demand

Euro: USD/EUR (EUR=X) Gains as Risk Appetite Taints Dollar Demand The dollar has had a relatively strong relationship with the equity markets as of late. The sharp decline in the stock market in March led investors to move to cash positions which led to a rally in the dollar index (DXY) to highs not seen […]

Japanese Yen: USD/JPY (JPY=X) Bulls Are Still Strong

Japanese Yen: USD/JPY (JPY=X) Bulls Are Still Strong

Japanese Yen: USD/JPY (JPY=X) Bulls Are Still Strong USD/JPY has bounced off session lows at 108.67 and was trading at 109.10. The pair’s near-term outlook has turned bullish after breakout at 200+DMA resistance on Monday’s trade. On the economic front, Japan’s preliminary estimate of the February Leading Economic Index, came in at 92.1, beating the […]

Australian Dollar: USD/AUD (AUD=X) Rallies Significantly Into Resistance

Australian Dollar: USD/AUD (AUD=X) Rallies Significantly Into Resistance

Australian Dollar: USD/AUD (AUD=X) Rallies Significantly Into Resistance The 0.62 level above is an area that should be resistive due to a large, round, psychologically significant figure being represented and several attempts to break above it. At this point, I think that a pullback makes quite a bit of sense, as we are simply going […]

Gold’s Rally Tightens the Physical Market

Gold’s Rally Tightens the Physical Market

$XAU $GLD $XAG $SLV $PLAT $USD $JPY $MTA Gold prices spiked up Monday, extending a 3-session rally Monday gold futures for delivery on the COMEX exchange were up nearly 3% or +47.60 at 1693.30 just shy of the intra-day high at 1695.90. That was the highest mark in 2 wks, in a rally driven by […]

British Pound: USD/GBP (GBP=X) – British PM Johnson Is Taken To Hospital Due To Coronavirus

British Pound: USD/GBP (GBP=X) – British PM Johnson Is Taken To Hospital Due To Coronavirus

British Pound: USD/GBP (GBP=X) – British PM Johnson Is Taken To Hospital Due To Coronavirus GBP/USD breached the 20 EMA below 1.2300 but the British pound is showing some signs of strength and tries to gain more ground amid optimism on the coronavirus front. British Prime Minister Boris Johnson was taken to the hospital with persistent […]

Euro: USD/EUR (EUR=X) maintains its bearish stance despite decreased demand for safety

Euro: USD/EUR (EUR=X) maintains its bearish stance despite decreased demand for safety

Euro: USD/EUR (EUR=X) maintains its bearish stance despite decreased demand for safety Financial markets were in a better mood this Monday, amid some encouraging news related to the coronavirus pandemic. According to the latest data available the contagion curve and the death toll seem to be flattening in Italy, Spain and New York, the three […]

Japanese Yen: USD/JPY (JPY=X) – Surge in Demand for Risky Assets Sinks Japanese Yen

Japanese Yen: USD/JPY (JPY=X) – Surge in Demand for Risky Assets Sinks Japanese Yen

Japanese Yen: USD/JPY (JPY=X) – Surge in Demand for Risky Assets Sinks Japanese Yen The Dollar/Yen is trading higher late Monday, helped by increased demand for risky assets and concerns that a jump in the number of coronavirus cases in Japan will do further damage to the already wounded economy. At 13:50 GMT, the USD/JPY is trading […]

Australian Dollar: USD/AUD (AUD=X) gains are being capped by a stronger U.S. Dollar

Australian Dollar: USD/AUD (AUD=X) gains are being capped by a stronger U.S. Dollar

Australian Dollar: USD/AUD (AUD=X) gains are being capped by a stronger U.S. Dollar Increased demand for risky commodity currencies is helping to boost the Australian Dollar on Monday, however, gains are being capped by a stronger U.S. Dollar. Position-squaring ahead of Tuesday’s Reserve Bank of Australia (RBA) monetary meeting could also be providing some support. […]

Gold Bugs Welcome 2020

Gold Bugs Welcome 2020

$XAU $GLD $XAG $SLV $USD Welcome to Y 2020. As the COVID-19 coronavirus brings economies around the world to a standstill, gold is rivaling Treasuries and the Buck as the best-performing major asset so far this year. The precious Yellow metal proved its safe-haven status with a 6% rally as nearly $16-T was wiped off […]

British Pound: USD/GBP (GBP=X) – Will Pound Resilience Persist?

British Pound: USD/GBP (GBP=X) – Will Pound Resilience Persist?

British Pound: USD/GBP (GBP=X) – Will Pound Resilience Persist? Despite shockingly bad US jobs data published last week, the British Pound to US Dollar (GBP/USD) exchange rate ultimately slipped lower. Even though the Pound was fairly resilient last week, it was unable to hold its ground or sustain any gains against the US Dollar which […]

Euro: USD/EUR (EUR=X) seen finding support on charts at 1.0778 this week

Euro: USD/EUR (EUR=X) seen finding support on charts at 1.0778 this week

Euro: USD/EUR (EUR=X) seen finding support on charts at 1.0778 this week The Euro unwound almost all of its late March rebound against the Dollar last week and the charts are warning of more losses ahead, although weekend confirmation of a broad slowdown in the continental spread of coronavirus could lift risk appetite over the […]

Japanese Yen: USD/JPY (JPY=X) – Fear of Global Recession Makes Dollar Highly Desired Liquid Asset

Japanese Yen: USD/JPY (JPY=X) – Fear of Global Recession Makes Dollar Highly Desired Liquid Asset

Japanese Yen: USD/JPY (JPY=X) – Fear of Global Recession Makes Dollar Highly Desired Liquid Asset The Dollar/Yen firmed last week as investors took shelter in the U.S. currency amid worsening economic fallout from the coronavirus pandemic. Investors largely shrugged off the U.S. Non-Farm Payrolls report that showed massive job losses of 701,000 last month, compared […]

Australian Dollar: USD/AUD (AUD=X) Pulls Back For the Week

Australian Dollar: USD/AUD (AUD=X) Pulls Back For the Week

Australian Dollar: USD/AUD (AUD=X) Pulls Back For the Week The Australian dollar has initially tried to rally during the week, but then broke down towards the 0.60 level, and hung around that area as it would attract a lot of attention obviously. Ultimately, I think that the market will then continue to see a lot of noise, […]

Canadian Dollar: USD/CAD (CAD=X) Stuck Between U.S. Initial Jobless Claims And Trump Tweet

Canadian Dollar: USD/CAD (CAD=X) Stuck Between U.S. Initial Jobless Claims And Trump Tweet

Canadian Dollar: USD/CAD (CAD=X) Stuck Between U.S. Initial Jobless Claims And Trump Tweet Canadian Dollar Receives Support From A Surge In Oil Prices Following Trump Tweet USD/CAD had another volatile trading session today. First, the U.S. dollar got a boost due to safe haven asset buying following the release of the U.S. Initial Jobless Claims. The release […]

Euro: USD/EUR (EUR=X) may continue to exhibit a bearish behavior over the coming days

Euro: USD/EUR (EUR=X) may continue to exhibit a bearish behavior over the coming days

Euro: USD/EUR (EUR=X) may continue to exhibit a bearish behavior over the coming days EUR/USD trades to a fresh weekly low (1.0821) ahead of the US Non-Farm Payrolls (NFP) report, and the exchange rate may continue to exhibit a bearish behavior over the coming days as it extends the series of lower highs and lows from […]

Japanese Yen: USD/JPY (JPY=X) – US Dollar Struggles Against Safety Currency

Japanese Yen: USD/JPY (JPY=X) – US Dollar Struggles Against Safety Currency

Japanese Yen: USD/JPY (JPY=X) – US Dollar Struggles Against Safety Currency The US dollar initially tried to rally during the trading session on Thursday but gave back the gains as it looks like we are seeing a lot of trouble right around the ¥107.50 level. Ultimately, the market is likely to continue to go lower due to […]

Australian Dollar: USD/AUD (AUD=X) a break down below the 0.60 level is very likely that we go crashing into the 0.58 level

Australian Dollar: USD/AUD (AUD=X) a break down below the 0.60 level is very likely that we go crashing into the 0.58 level

Australian Dollar: USD/AUD (AUD=X) a break down below the 0.60 level is very likely that we go crashing into the 0.58 level The Australian dollar initially tried to rally during the trading session on Thursday but give back the gains as we started to see a lot of negativity out there. Ultimately, this is a market that […]

Gold, the Safe-haven Investment Alternative

Gold, the Safe-haven Investment Alternative

$DIA $SPY $QQQ $RUTX $VXX $GLD $XAU $USD Gold Dealers Report Big Shortages of Small Bars and Coins Gold has been and is the traditional safe-haven of choice for investors looking to protect themselves against stock market dives. When Bear markets come on, gold often performs very well. Gold is off a bit this Spring, […]

Gold is the ‘Go To’ Asset in Times of Crisis

Gold is the ‘Go To’ Asset in Times of Crisis

$XAU $GLD Gold Dealers Report Big Shortages of Bars and Coins Most in Demand, as People Want to Buy Gold. Gold is seeking a steady mark for its next move North, as President Trump’s warning of a “very painful” time for the United States from the coronavirus and a fresh selloff on Wall Street sent […]

Canadian Dollar: USD/CAD (CAD=X) Risk-Off Mode Helps U.S. Dollar

Canadian Dollar: USD/CAD (CAD=X) Risk-Off Mode Helps U.S. Dollar

Canadian Dollar: USD/CAD (CAD=X) Risk-Off Mode Helps U.S. Dollar USD/CAD moved higher as riskier assets experienced sell-off due to coronavirus-related worries. Three countries – U.S., Italy and Spain – have more than 100,000 cases each, and the U.S. is close to 200,000 cases. Recently, German Chancellor Angela Merkel indicated that social distancing measures will be in […]

British Pound: USD/GBP (GBP=X) massive resistance barrier at

British Pound: USD/GBP (GBP=X) massive resistance barrier at

British Pound: USD/GBP (GBP=X) massive resistance barrier at 1.25 The British pound has pulled back a bit during the trading session on Wednesday as we continue to see a lot of concerns out there when it comes to risk appetite. The 1.25 level above is a massive resistance barrier and the first thing I would point out […]

Euro: USD/EUR (EUR=X) Plunges

Euro: USD/EUR (EUR=X) Plunges

Euro: USD/EUR (EUR=X) Plunges The Euro has broken down significantly during the trading session on Wednesday, breaking through the 1.10 level and then breaking through the bottom of the candlestick from the previous session. That of course is a very negative sign, but I think we are probably going to see a lot of back and forth […]

Japanese Yen: USD/JPY (JPY=X) More bearish on souring risk sentiment

Japanese Yen: USD/JPY (JPY=X) More bearish on souring risk sentiment

Japanese Yen: USD/JPY (JPY=X) More bearish on souring risk sentiment The dollar held gains on Thursday as investors rushed to the security of the world’s most liquid currency as the coronavirus pandemic caused massive disruptions to global trade. The dollar index against a basket of major six currencies gained 0.53% overnight as the U.S. currency […]

Australian Dollar: USD/AUD (AUD=X) Dollar Roles Over

Australian Dollar: USD/AUD (AUD=X) Dollar Roles Over

Australian Dollar: USD/AUD (AUD=X) Dollar Roles Over The Australian dollar has initially tried to rally a bit during the trading session on Wednesday but has rolled over to reach towards the 0.60 level. That level should be psychologically important but if it doesn’t hold, we could very well fall towards the lows again. It should be noted […]

Gold Price Futures Technicals: Support and Resistance

Gold Price Futures Technicals: Support and Resistance

$GC $XAU $GLD Just in: Gold rose more than 1% Wednesday as fears over a worsening coronavirus pandemic triggered a flight to safety, with expectations of further monetary easing by central banks adding support. Spot gold was up 1.4% at 1,592.83 per ounce by 0730 GMT, having slumped 3.1% in the prior session on a […]

Canadian Dollar: USD/CAD (CAD=X) continues to experience major volatility

Canadian Dollar: USD/CAD (CAD=X) continues to experience major volatility

Canadian Dollar: USD/CAD (CAD=X) continues to experience major volatility USD/CAD continues to experience major volatility. The pair managed to settle above the resistance level at 1.4150, which opened the path to the test of the resistance level at 1.4330. However, a surprisingly good release of the Chicago PMI for March (47.8 vs consensus of 40) led […]

British Pound: USD/GBP (GBP=X) paying attention to the region is going to be crucial

British Pound: USD/GBP (GBP=X) paying attention to the region is going to be crucial

British Pound: USD/GBP (GBP=X) paying attention to the region is going to be crucial The British pound broke down significantly during the trading session on Tuesday but has bounced a bit as the Americans have stepped on board. This shows just how resilient the British pound is and as a result I think that we have quite […]

Euro: USD/EUR (EUR=X) sharply lower

Euro: USD/EUR (EUR=X) sharply lower

Euro: USD/EUR (EUR=X) sharply lower EUR/USD turned sharply lower yesterday which could be the first step in a trend reversal after a nearly 5% gain from last week’s low. The pair was weighed by a strong dollar as the greenback is seen broadly recovering against the major currencies after a notable fall last week. Home sales […]

Japanese Yen: USD/JPY (JPY=X) – US Dollar Attempts to Continue Move Higher Against Yen

Japanese Yen: USD/JPY (JPY=X) – US Dollar Attempts to Continue Move Higher Against Yen

Japanese Yen: USD/JPY (JPY=X) – US Dollar Attempts to Continue Move Higher Against Yen The US dollar has broken higher during the trading session on Tuesday, breaking above the candlestick that was so neutral and interesting on Monday. This suggests that we could go higher but we are also seeing a bit of the selloff as the […]

Australian Dollar: USD/AUD (AUD=X) sinks against mixed U.S. currency

Australian Dollar: USD/AUD (AUD=X) sinks against mixed U.S. currency

Australian Dollar: USD/AUD (AUD=X) sinks against mixed U.S. currency The Australian dollar eased against the greenback on Wednesday, despite the U.S. currency being mixed against most G10 currencies. At 07:00 (AEST), the Australian dollar was buying 61.47 U.S. cents, down from 61.70 U.S. cents on Tuesday. “AUD/USD’s sharpest price action was not linked to news […]

Canadian Dollar: USD/CAD (CAD=X) sank with crude oil prices despite rally on Wall Street

Canadian Dollar: USD/CAD (CAD=X) sank with crude oil prices despite rally on Wall Street

Canadian Dollar: USD/CAD (CAD=X) sank with crude oil prices despite rally on Wall Street The Canadian Dollar was one of the worst-performing major currencies to start the week, depreciating alongside crude oil prices. WTI declined -7.27% to an 18-year low amid ongoing bearish fundamental themes, the coronavirus outbreak and a global supply glut. The commodity […]

British Pound: USD/GBP (GBP=X) receives material support near the 20 EMA at 1.2250

British Pound: USD/GBP (GBP=X) receives material support near the 20 EMA at 1.2250

British Pound: USD/GBP (GBP=X) receives material support near the 20 EMA at 1.2250 UK Q4 GDP Growth Rate Is Flat Quarter-Over-Quarter The U.S. dollar tried to gain ground against the British pound but GBP/USD received support near the 20 EMA at 1.2250. The number of coronavirus cases in the U.S. continued to increase and reached 164,603 according to data […]

Euro: USD/EUR (EUR=X) Uncertainty remains high amid the coronavirus pandemic, investors cautious

Euro: USD/EUR (EUR=X) Uncertainty remains high amid the coronavirus pandemic, investors cautious

Euro: USD/EUR (EUR=X) Uncertainty remains high amid the coronavirus pandemic, investors cautious The euro was a relative underperformer yesterday in the FX market, taking EUR/USD’s price back below its 200-day moving average and broke below its weekly support level before partially, testing conformist breakout strategies at the very start of the week. The news thus far hasn’t been […]

Australian Dollar: USD/AUD (AUD=X) Neutral-To-Bullish In The Short-Term

Australian Dollar: USD/AUD (AUD=X) Neutral-To-Bullish In The Short-Term

Australian Dollar: USD/AUD (AUD=X) Neutral-To-Bullish In The Short-Term The AUD/USD pair saw little action this Monday, ending the day as it started it around 0.6160. The pair remained confined to the upper end of Friday’s range, holding below the 0.6200 figure and meeting buyers ahead of the 0.6100 figure. The pair lacked directional conviction throughout […]

British Pound: USD/GBP (GBP=X) road-blocked on charts after best week since 2009

British Pound: USD/GBP (GBP=X) road-blocked on charts after best week since 2009

British Pound: USD/GBP (GBP=X) road-blocked on charts after best week since 2009 The Pound-to-Dollar rate closed out its largest weekly gain for over a decade on Friday but it’s now tipped to ecounter resistance on the charts that could act as a road-block Sterling over the coming days, although investor appetite for risk and demand […]

Gold: Conditions Setting Up for the Price to 2X

Gold: Conditions Setting Up for the Price to 2X

$XAU $GLD $USD Volatile stock markets and the outbreak of the coronavirus helped drive holdings in gold-backed ETFs to record highs in Y 2020. The buying is a clear indication of the prominent role of gold ETFs in investors’ portfolios, especially during periods of uncertainty and panic. Gold-backed ETFs saw $4.9-B of inflows in February, […]

Understanding the Impact of the Crude Oil Price War on the Middle East

Understanding the Impact of the Crude Oil Price War on the Middle East

$OIL $USO $USG $USD Here is closer look at the ripple effects of plunging oil prices and a weak demand for the commodity, as well as predictions on how the industry will cope in the near- to long-term The Crude Oil markets have suffered from the 2X shock of the viral pandemic and politics, and […]

Japanese Yen: USD/JPY (JPY=X) – Japanese Prime Minister Shinzo Abe pledged “huge” stimulus

Japanese Yen: USD/JPY (JPY=X) – Japanese Prime Minister Shinzo Abe pledged “huge” stimulus

Japanese Yen: USD/JPY (JPY=X) – Japanese Prime Minister Shinzo Abe pledged “huge” stimulus Last week, the Dollar/Yen tumbled as investors shed their safe-haven positions in the greenback after the Federal Reserve announced unprecedented stimulus measures and President Trump signed the biggest financial aid package in history. Both moves mean there will be plenty of U.S. […]

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