The Dollar gets Hammered in July and Could Continue to Slide

The Dollar gets Hammered in July and Could Continue to Slide

The dollar has been hammered over the past month, losing 5.5% against the Euro and 4.5% against a basket of currencies reflected by the dollar index. The declines come as economic data continues to show that the US economy is contracting. US GDP contracted in the Q2 the most in its history, which has allowed […]

Significant Collapse of US GDP in the April-June Quarter from Covid-19 Rules

Significant Collapse of US GDP in the April-June Quarter from Covid-19 Rules

$USD $GOLD #ECONOMICS #USA #POLITICS #COVID19 Facing the second recession in just over a decade and with Congress locked in debate over a new emergency spending package, the Federal Reserve will seek a way to put some guardrails on the US economy. As we suggested early in the pandemic, the worst may not come till […]

The US Federal Reserve Warming Up the Printing Press, Again

The US Federal Reserve Warming Up the Printing Press, Again

The US Federal Reserve will extend the Money printing madness, the $USD will fall, $GOLD will rally and Stocks will be artificially held high, the wealth gap will widen, business as usual in modern America. The US Federal Reserve opened a two-day policy meeting on Tuesday amid signs of waning consumer confidence and with Congress […]

The Cheaper ‘Buck’ Driving Gold Price North

The Cheaper ‘Buck’ Driving Gold Price North

#gold #silver #dollars #currencies #risk #Fed #interestrates #USChina $XAU $GLD $XAG $SLV $USD Spot gold topped 1,900oz for the 1st time since September 2011 and edged closer to an all-time high with flaring geopolitical tensions and concern over global growth driving demand for save-haven assets. Gold marked a 7th wkly gainer, the longest run since […]

Gold, Silver Rally Hard on Softening USD

Gold, Silver Rally Hard on Softening USD

#gold #silver #dollar #rally #safehaven #insurance #recovery #demand $XAU $GLD $XAG $SLV $USD Wednesday, Gold rose to a 9-yr high as an escalation in US-China tensions fueled demand for safety, while silver followed bullion’s rally to hit a near 7 yr high on expectations of a recovery in industrial demand. Spot gold hit its highest […]

Euro Headed Below Parity to USD

Euro Headed Below Parity to USD

EU leaders emerged from a marathon four-day and four-night summit Tuesday to celebrate what they boasted was a historic rescue plan for economies left shattered by the coronavirus epidemic. The 750-billion-euro ($858-billion) deal was sealed after intense negotiation that saw a threats of a French walkout and a Hungarian veto — and fierce opposition from […]

The Euro is Grinding on Towards Disaster

The Euro is Grinding on Towards Disaster

#Europe $EURUSD #coronavirus Divided EU leaders will meet again on Monday to try to agree the terms of a huge coronavirus economic rescue package after a night of tense haggling failed to yield a breakthrough. After three days and three nights of talks, the 27 states still cannot settle on the exact size and rules […]

Euro: EUR/USD (EUR=X) Expected To Rise

Euro: EUR/USD (EUR=X) Expected To Rise

$EUR #Euro #FX #Currencies #Trade #Markets The euro has broken above the 200 week EMA during the last couple of trading sessions, and remains very resilient, despite the actual fact that we continue to form plenty of wicks. That being said, for me the real breakout is going to be higher than the 1.15 handle, […]

Inflation Data: More Mixed Signals on US Economy and the USD

Inflation Data: More Mixed Signals on US Economy and the USD

Overall the data is a positive sign the USA is rebounding but it may add to the imbalance between Fed policy and reality. Consumer inflation jumped in June as the US economy began to partially reopen, rising 0.6 percent on a rebound in gasoline prices, the Labor Department reported Tuesday. The spike came after three […]

Q1 GDP and Corporate Profits Data USA

Q1 GDP and Corporate Profits Data USA

#GDP #USA #FX #USD #CORONAVIRUS Real gross domestic product (GDP) decreased at an annual rate of 5.0 percent in the first quarter of 2020 (table 1), according to the “third” estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 2.1 percent. The GDP estimate released today is based on […]

Euro: EUR/USD (EUR=X) Shayne Heffernan Says A Lot of Positives Are Showing Now

Euro: EUR/USD (EUR=X) Shayne Heffernan Says A Lot of Positives Are Showing Now

Euro: EUR/USD (EUR=X) $EUR #FX Shayne Heffernan Says A Lot of Positives Are Showing Now The EUR/USD rate has recovered back to 1.1285 at the time of writing on Tuesday, however it will need to break back above 1.1295 if bulls want a signal to buy again says well-known Economist and trader Shayne Heffernan, CEO […]

Inflation is Coming, Be Ready…Our Inflation Indicator is Flashing Red

Inflation is Coming, Be Ready…Our Inflation Indicator is Flashing Red

$XAU $XAG $GLD $SLV $USD Gold, forests, property stocks, inflation-linked bonds, these are just some of the assets investors are betting lots money into on the view that the recent explosion of government spending and Fed stimulus may rouse inflation from its 10 yrs+ sleep. If inflation really is “the dog that didn’t bark”, failing […]

Let’s Measure the USD in Here

Let’s Measure the USD in Here

$.DXY $USO $GLD $XAU A Key measure of USD is the ICE US Dollar Index .DXY, -0.12%, and it has been weakening over the past 30 days, down 3.9%, but is up a bit YTD, rising 0.1%, according to FactSet data. The index measures USD Vs a basket of 6 peer currencies, including the EURUSD, +0.03%, the GBPUSD, 0.29% and USDJPY, +0.06%. A weaker USD has […]

.DXY (DX) Futures Technical Analysis, Investors Bet on Dovish Fed

.DXY (DX) Futures Technical Analysis, Investors Bet on Dovish Fed

$DX $.DXY $USD $JPY $EUR $GBP $CAD Tuesday, the USD reversed late in the session and is now trading lower against a basket of major currencies. The selling pressure is being led by a strong upward surge in the Euro. The Canadian Dollar is also making a comeback along with the British Pound. The Japanese Yen has been strong all session […]

Uncertainty Driving Gold Price North

Uncertainty Driving Gold Price North

$XAU $GLD Gold prices rose Monday as riots in major US cities concerned investors already reeling from strained US-China ties and boosted the demand for the safe-haven precious Yellow metal, with a weaker dollar lending further support. Spot gold gained 0.9% at 1,741.61 oz by 0509 GMT. US gold futures was up 0.3% to 1,757.50. […]

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 […]

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