Filtered by date: 13.05.2020. Clear
  • Oil and Gold: Review of the Key Drivers

    In gold, we observe some stabilization near $ 1,700 per troy ounce; technically, recent price action on 4H timeframe forms triangle, which is usually a sign of breakout.

  • Daily Commodity Outlook, May 13 2020

    Asian stocks were mixed on Wednesday in a risk-off session. The New Zealand dollar fell after the country’s central bank boosted its asset purchase program and indicated openness toward negative interest rates.  Earlier, a tweet from President Donald Trump, complaining about China trade policy, sent equities into a fleeting swoon and showed how sensitive the […]

  • UK Recession Fears Growing Following GDP Plunge

    Negative UK Growth Readings The British Pound has come under renewed selling pressure today in response to the latest UK data released this morning. The UK GDP figure for March came in at -5.8% on the month, marking the sharpest monthly contraction since the Office for National Statistics began compiling data in 1997. The data […]

  • Chart of the Day CADJPY

    Chart of the Day CADJPY CADJPY Triangle Play – Probable Price Path More gloomy warnings from Dr Fauci about a second wave of Covid-19 infections with premature re-openings, coupled with Fed warnings about massive business failures (Bullard) and depression risks, as well as banks’ impacted ability to pay dividends (Quarles), weighed on market sentiments overnight. […]

  • RBNZ Increases QE & Signals Negative Rates Coming

    QE Almost Doubled The Reserve Bank of New Zealand became the latest central bank to increase its monetary easing this week. At the May monetary policy meeting held overnight, the RBNZ announced that while rates will remain unchanged at the current record lows of 0.25% it will increase its bond purchases by nearly double from […]

  • Daily Market Outlook, May 13, 2020

    Daily Market Outlook, May 13, 2020  The Asian equity market was mixed after US markets closed lower on concerns about the potential for a second wave of infections if the economy is reopened too soon.  The Reserve Bank of New Zealand left interest rates on hold at 0.25%, but increased its Large Scale Asset Purchase […]

  • Tickmill’s Investing Diva, GBPJPY Daily Outlook 13-05-20

    Catch up on all the latest updates on global markets by following Tickmill’s Investing Diva Daily Market Outlook.