Long-Term USD Trends in Focus Ahead of FOMC

2020-07-29

  FOMC Interest Rate Decision, US Dollar, Monetary Policy, Federal Reserve Balance Sheet – Talking Points: The upcoming FOMC interest rate decision may exacerbate the US Dollar’s recent decline USD looks set to extend its losses against its major counterparts after snapping through long-term trend support. Asia-Pacific Recap A mixedRead More →

Nasdaq May Fall as Valuation Stretched Close To “Bubble” Level

2020-07-25

  Source: IG Charts NASDAQ INDEX FUNDAMENTALOUTLOOK: Trading at a 50.4 price-to-earnings (P/E) ratio, Nasdaq’s valuation has reached an inhibitive level Rich valuation amid rising Covid-19 viral risk renders Nasdaq vulnerable to a pullback China’s Shenzhen Composite, trading at 31.9 P/E ratio, is also susceptible to profit-taking Nasdaq Index Outlook:Read More →

Gold hits new highs, approaching the $1,810 level

2020-07-17

  Widespread Dollar weakness helped Gold regain positive traction on Friday. A further decline in US bond yields continued to support this positive development. The bulls appeared to be relatively unaffected by the positive mood in global equity markets. Gold continued to gain ground during the mid-European session and wasRead More →

EUR/USD rises to session highs above 1.1350

2020-07-13

  The EUR/USD gains further traction and climbs to 1.1350/55. The dollar loses its grip after opening in Wall St. on Monday. The risk sentiment remains firm at the beginning of the week. The optimistic rating in the risk complex is now putting pressure on those in charge and isRead More →

Dollar strengthens as virus cases multiply

2020-07-12

  Reuters By Peter Nurse Investing.com – The Dollar pushed European trade higher in early trading Friday, helped by its safe-haven status, as coronavirus cases continue to rise in the U.S. and unemployment data indicates a slow recovery in the labor market. At 3:15 a.m. (715 GMT), the U.S. dollar,Read More →