Dollar as a Safe Haven or Source of Global Instability?
The US Dollar is the traditional safe haven currency – a boon when global risk is shaken by a pandemic. And yet, that role is not inviolable. With a swell…
Read More »NZD/USD Price Analysis: Could we see an extension of the trend next week?
Despite very thin volume on Friday (US participants are off for Independence day) NZD/USD has moved higher by 0.39%. NZD/USD is a currency that perfor
Read More »US Data – ADP, PMIs & Vaccine News
EURUSD, H1 US ADP reported private payrolls rose 2.369 million in June. Also, May was revised sharply higher, by 5.825 million to a 3.065 million increase (was -2.760 million). April’s…
Read More »Coronavirus update US: Florida cases rise by 9,585, biggest daily increase since pandemic started
The number of confirmed COVID-19 cases in Florida increased by 9,585 on Saturday to post the biggest daily increase since the pandemic started, the st
Read More »Premarket Trading: How it Works, Hours & Key Market Movers
The stock market is among the most active in the developed world. In the United States, the volume of stocks traded every day is worth trillions of dollars. However, the…
Read More »Wall Street Close: The US equities markets can’t shake the COVID-19 bug
It was another tough day on Wall Street as the coronavirus pandemic continues the bite the US economy. Texas and Florida are forced to scale back plan
Read More »ForexLive Americas FX news wrap: Re-opening turns into re-closing
Forex news for North American trade on June 26, 2020: Markets: – Gold up $6 to $1770 – US 10-year yield down 4.4 bps to 0.64% – WTI crude down…
Read More »Hang Seng Eyes Resistance, Stocks May Wobble on Virus Woes, US-HK Bill
APAC stocks may rise after equities rose on Wall Street. Still, virus concerns and a newly approved US sanction bill over Hong Kong’s autonomy will likely weigh on sentiment.
Read More »Goldman Sachs CEO Solomon still sees a V-shaped recovery for the US economy
The GS head was speaking at a Bloomberg event – "This crisis has had a profound impact on the economic environment that we’re operating in" Solomon did hedge aroiund though:
Read More »USDJPY – 6-day high to 6-week low
USDJPY, H1 USDJPY dipped from levels just under 107.00 to a low of 106.74, and then rallied to a six-day high at 107.22 during the European session, following the Navarro…
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