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The first day in May kicked off with losses for currencies and equities. The Dow Jones Industrial Average tumbled more than 600 points, while the Australian and New Zealand dollars dropped...
When we look back at April 2020, it could very well be the worst month ever for the global economy. Across the globe, governments took the unprecedented step of ordering their citizens to stay at home...
The prospect of a treatment for coronavirus along with talk of more stimulus by the Federal Reserve sent equities and currencies sharply higher. The Dow Jones Industrial Average jumped more than 600...
Market Drivers For April 29, 2020 Euro pushes higher All eyes on the Fed Nikkei -0.06% Dax 0.12% UST 10 Year 0.66% Oil $14/bbl Gold $1706/oz BTC/USD $7936 Asia and the EU EU PPI -3.6% North...
The U.S. dollar traded sharply lower ahead of Wednesday’s first-quarter GDP report and Federal Reserve monetary policy announcement. Consumer confidence also fell to its weakest level in four years....
This is a big week for the U.S. dollar and euro. There are monetary policy meetings by Federal Reserve and the European Central Bank along with first-quarter GDP numbers scheduled for release. The...
U.S. dollar bulls relinquished control of the market today. With the exception of the euro and the Swiss Franc, the greenback traded lower against all of the major currencies. More than 4.4 million...
With the selloff in May Crude Oil WTI futures yesterday, in which price traded as low as -$40.00, traders are asking what that really means as far as the world economy is concerned. As discussed...
The new trading week kicked off with an aggressive sell-off in crude and renewed gains for the U.S. dollar. The primary focus today was the Canadian dollar, which sold off aggressively on the back of...
If there’s one thing that’s certain in forex, it is that the U.S. dollar is king. The greenback traded higher against most of the major currencies despite another round of worrisome data. More than...
Wednesday’s U.S. economic reports were terrible. Retail sales fell 8.7%, the largest one-month decline ever. The Empire state manufacturing survey also hit a record low of -78.2, but, unlike retail...
Last week, after several inter-meeting interest rate cuts by the Reserve Bank of Australia, the RBA left rates unchanged at 0.25% at its regularly scheduled meeting and said it will do nothing until...
Investors sold U.S. dollars on Tuesday ahead of two very important economic releases – retail sales and the Beige Book. The overriding view is that nothing good will come out of these reports as the...
Tomorrow, much of the world is on holiday, celebrating Good Friday. Many stock and bond markets around the world will be closed, such as the U.S., UK, Germany, France, Spain, Italy, Australia, and...
There’s a lot to talk about today. Equities traded sharply higher on the back of another big announcement from the Fed. The greenback traded lower in response against all of the major currencies. The...