Filtered by date: 08.07.2020. Clear
  • Fed’s Bostic hints next leg of sharp M2 expansion may be around the corner, Gold breaks $1800

    Gold futures climbed above $1800 level after one of the architects of the Fed’s current monetary stance, Rafael Bostik, made a less optimistic assessment of the US economic recovery than Fed Chairman Powell.

  • AUD Rally Dragging GBPAUD Lower

    GBPAUD Under Pressure Despite an impressive rally at the start of the year, the COVID-19 crisis has seen a devastating reversal in GBPAUD which has now fallen 14.26% from 2020 highs and is now -4.64% on the year. The main driver behind the stark reversal in GBPAUD is the firm performance in AUD over recent […]

  • Chart of the Day US500 (S&P500)

    Chart of the Day US500 (S&P500) US500 (S&P500)  Potential Reversal Zone – Probable Price Path Risk retreat? The S&P500 broke a five day winning streak and retreated 1.08%, led by airlines, while VIX rose to 29.43. Fed’s Bostic warned that business leaders and consumers are getting worried about the second Covid-19 wave as there is […]

  • USDCHF Falls Amidst Bearish Fed Comments

    Fed’s Daly Warns of “Bumpier” Recovery Comments from some members of the Fed this week have stoked expectations of further easing from the US central bank as it continues to battle the negative economic impact of COVID-19. San Francisco Fed president Mary Daly warned on Tuesday that the loss of employment in areas such as […]

  • Daily Commodity Outlook, July 8 2020

    Asian stocks traded mixed in early Wednesday after their U.S. peers declined on renewed concerns over the epidemic’s economic impact. . The tech-heavy Nasdaq dropped from a record intraday high, while airlines and hotels were particularly hard hit. It is a calendar light day for Wednesday and investors are looking at the China stock market […]

  • Daily Market Outlook, July 08, 2020

    Daily Market Outlook, July 08, 2020  Market mixed in Asia with risk sentiment generally subdued. The US government announced plans for a further $1trn of stimulus. Fed Vice Chairman Clarida indicated that the central bank will probably adopt additional forward guidance and asset purchases if needed. Both the Fed’s Mester and Bostic said that economic […]

  • Tickmill’s Investing Diva, GBPUSD Daily Outlook 08-07-20

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