Filtered by date: 15.07.2020. Clear
  • Is the EURUSD Poised to Gain More?

    The dollar finally went into defense on Wednesday, the USD index broke through 96 points, the lowest since the start of June. Breaking down the index into components, it can be seen that the move was driven predominantly by strengthening of euro: In the trade-weighted USD index euro has the biggest weight which also contributed […]

  • Chart of the Day NZDCAD

    Chart of the Day NZDCAD NZDCAD Potential Reversal Zone – Probable Price Path The market is looking forward to further progress in coronavirus vaccine research. The tug-of-war continues with global risk appetite surging amid the start of US earnings season despite rising Covid-19 cases, especially in Florida. US banks reported a mixed bag of earnings […]

  • BOJ Lowers Growth Forecasts & Warns of Downside Risks

    Policy on Hold But Forecasts Cut At the Bank of Japan’s July rate setting meeting, held overnight, the BOJ kept its monetary policy on hold at current levels via an 8-1 vote. However, with downward revisions to its growth forecasts and warnings of downside risks to the economy, the meeting struck a decidedly bearish tone. […]

  • UK/China Rift Growing As UK Bans Huawei

    UK & China Clash Over Hong Kong Tensions between the UK and China have emerged as a fresh risk factor in recent weeks. The UK has refrained from having any direct spats with China over recent years while the US has continuously locked horns with the world’s second largest economy. However, in light of recent […]

  • Recovery in Doubt As UK Growth Seen Well Below Estimates In May

    UK GDP Very Weak in May The latest economic data released on Monday showed that UK GDP bounced back in May, following a 20.3% contraction in April. However, at just 1.8% growth on the month, the rebound was well below the 5.5% growth forecast. While the monthly reading was disappointing, growth in the three months […]

  • Daily Market Outlook, July 15, 2020 

    Daily Market Outlook, July 15, 2020  Asian stocks were mostly higher on vaccine optimism following reports of a positive trial by Moderna Inc. Chinese and Hong Kong equities underperformed, however, on rising US-China tensions. Separately, the Bank of Japan left policy settings unchanged, including leaving interest rates at -0.1%, the 10yr yield target at 0% […]

  • Tickmill’s Investing Diva, USDCHF Daily Outlook 15-07-20

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

  • Daily Commodity Outlook, July 15 2020

    Asian stocks and U.S. equity futures climbed Wednesday amid optimism that progress is being made in developing a defense against the coronavirus. Moderna Inc.’s Covid-19 vaccine produced antibodies to the coronavirus in all patients tested in an initial safety trial, federal researchers said, clearing an important milestone as the U.S. continues to grapple with a […]