Following ECB’s decision to announce a massive, open-ended, €750 billion asset purchase programme in an effort to mitigate the economic impact of the virus outbreak, the EUR/USD has nosedived. Already under pressure because of a rallying US dollar, this package was the final nail in the coffin for the single currency. If it stays below […]
EUR/USD dumped on ECB stimulus, Coronavirus Read More »
I was asked by a friend about my views of the EUR/USD. So wanted to share what I said to him here. I will keep it very brief, but first have a look at this EUR/USD chart showing price action on H1, Daily and Monthly time frames: Monthly is currently displaying a doji candle. The
Some folks have attributed gold’s recent decline, in the face of collapsing equity prices and interest rates, to a stronger US dollar. This is not the case, as gold in euro terms have also fallen equally sharply. Investors are therefore abandoning the so-called safe-haven metal for other reasons, including because of concerns over physical demand
Gold getting heavier Read More »
The brutal sell-off continued this morning as investors once again shrugged off the latest round of emergency central bank rate cuts. Equity investors are realising each passing day that the economic impact of the virus outbreak is going to be severe, after initially downplaying the risks. It is not just about cancellations of holidays, footballing
DAX: Selling continues Read More »
What a start to the week it has been in the markets, with crude oil losing a fifth of its value and US stock index futures limiting down after falling more than the allowable 5% in a single session. But with the European markets staging a bit of an oversold rebound, US stocks will likely
Limit Down: Markets crash as oil plunges Read More »
Here is a short trade idea on the S&P CFD – i think the markets may sell off into the close ahead of the weekend given the risk of the virus spreading further: Fore more trade signals like this, check out my trade signals service HERE.
S&P bounces to hit key resistance: trade idea Read More »
After last week’s big drop, gold has staged a sharp rally and looks set to break to a new high for the year. Investors are ignoring concerns over physical demand for the precious metal and instead concentrating on its appeal as a safe-haven commodity. The metal has risen to a high so far of $1666,
Gold extends recovery as stocks, yields and dollar drop Read More »
The EUR/GBP has risen sharply over the past two and half weeks. Ongoing Brexit concerns have weighed on sterling while the euro has been supported by concerns the ECB will not loosen its policy like other central banks have this week in response to the outbreak of the coronavirus. However, with the virus spreading across
EUR/GBP hits resistance Read More »
Did the Fed just cut interest rates because of the economic impact of the coronavirus or because of the recent slump in equity prices? Whatever the reason, supporters of Trump will claim that his renewed criticism of the Fed has done the trick. But make no mistake about it, the President will continue to call
Fed surprises but is the 50 bp cut too early? Read More »
Gold and silver have both rebounded today, along with equity markets. But after last week’s big falls, more pain could be on the way for gold bulls than gains this week. As we reported the possibility earlier last week, safe-haven gold continued to head lower despite widespread concerns over the outbreak of coronavirus. However, I
Gold rebounds but more pain than gains likely Read More »
