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Bias For Major Currencies On 5 August 2020

🇺🇸 USD - BEARISH 1️⃣ The US just published the ADP Employment Survey, which printed just 167K, much worse than the 1.5...

Oil Prices Rise to 5-Month High

Crude futures extended gains on Wednesday, hitting the highest levels since early March after private data showed a large drop in United...

Markets Turn Risk-On As High-Beta Currencies Lead The FX Complex

CURRENT MARKET OUTLOOK ▶️ Chinese Ambassador to the US said China is prepared to negotiate with other...

CAD’s Fortunes Take A Sharp Reversal As Oil Prices Fall

🇺🇸 USD - BULLISH 1️⃣ Safe-haven demand was supported by a resurgence in coronavirus infections and geopolitical tensions between the US and...

Wall Street Set to Open Lower on Tuesday

US stock futures pointed to a negative start on Tuesday after posting solid gains on Monday as investors continue to monitor negotiations...

RBA Hold Rates With Cautious Outlook. Why Will Happen To AUD?

August RBA Meeting At their August meeting, the Reserve Bank of Australia left monetary policy unchanged. The Cash...

Improving Risk Tone Weighs On CHF While USD Continues To Lead...

🇺🇸 USD - BULLISH 1️⃣ Safe-haven demand was supported by a resurgence in coronavirus infections and geopolitical tensions between the US and...

US Manufacturing PMI July Preview : Seen Rising For A Third...

The consensus looks for the manufacturing gauge to rise to 53.6 from 52.6, which would be the third straight rise from the...

Wall Street Mostly Higher In Premarket Trading

Shares on Wall Street mostly turned to gains during premarket trading on Monday. Investors are focused on corporate income...

Economic Calendar This Week: COVID-19, Economic Data and US Politics in...

The FX markets head into August showing a new dynamic, as the dollar downtrend appears to be driven by a new virus-related...

US GDP Plummets 32.9% In Q2 Amid Coronavirus Pandemic

The US economy shrank by an annualized 32.9% in the second quarter of 2020, compared to forecasts of a 34.1% plunge, the...
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