Australian Dollar Outlook Bearish as Coronavirus Cases Spike

The Australian Dollar may come under increasing downside pressure as local coronavirus cases spike and tensions with China escalate.

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Risk trades getting smashed on the Navarro comments that trade deal with China is over

Big selling of ‘risk’, this from Fox:

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Australian Dollar Outlook Bearish on Concerns of Second Covid-19 Outbreak

AUD may come under pressure in the week ahead as fear of a second-wave of Covid-19 rattles financial markets amid growing China-Australia geopolitical tensions.

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Top China Virus Expert sees COVID-19 vaccine available by year-end

Speaking in a CCTV interview on Friday, A senior Chinese health official said that he expects a COVID-19 vaccine by the end of 2020. more to come …

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Latest coronavirus outbreak in Beijing – State Council press conference cancelled

News conferences in Beijing continued right through the first wave of the COVID-19 outbreak in China  But, this latest flare up (more here: – ) has prompted the cancellation of…

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China infrastructure investment over the next 5years expected to be $1.4 trillion

The Wall Street Journal totalling up the many projects underway and planned and coming up with the figure. for more (may be gated)   Link The next few months will…

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Gold is up, Stocks under pressure

XAUUSD,H1 Gold kept its uptrend after US GDP fell to -5%, lower than the -4.8% expected. On the other hand, ongoing tensions between the US and China is increasing ahead…

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Australian Dollar May Wilt, Markets Await Trump China News Conference

The Australian Dollar may be at risk to a reversal against the US Dollar after Trump announced a news conference on China later today. Until then, financial markets may remain…

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Recap May 9: Warren Buffett loses $50 billion – Record unemployment (Recap Ep070)

In this week’s recap, one of the most important news was the loss of more than $50 billion by Berkshire-Hathaway in the 1st quarter, its worst quarter in a decade,…

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Markets Weekly Outlook: US Dollar, Dow Jones, Australian Dollar, Crude Oil

The US Dollar has slowed its descent with the Dow Jones leveling off as crude oil prices rise with lockdown easing bets. US-China tensions seem to be heating up which…

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