The US Dollar may rise as initial jobless claims stabilize at historically elevated levels. Non-farm payrolls may surprise higher, but FOMC minutes could sink the S&P 500 and boost USD.
Crude Oil Prices May Fall on Rising Virus Cases. Growth Outlook at Risk?
Crude oil prices may come under pressure as the number of Covid-19 cases in the world’s largest economy continue to surge and threaten to derail the already-dented growth outlook.
Australian Dollar Outlook Bearish as Coronavirus Cases Spike
The Australian Dollar may come under increasing downside pressure as local coronavirus cases spike and tensions with China escalate.
ForexLive Americas FX news wrap: Re-opening turns into re-closing
Forex news for North American trade on June 26, 2020:
Markets:
– Gold up $6 to $1770
– US 10-year yield down 4.4 bps to 0.64%
– WTI crude down 50-cents to $38.22
The weight of coronavirus news because too much for the market to bear on Friday as officials backpedaled on the reopening in several US states and the
Markets:
– Gold up $6 to $1770
– US 10-year yield down 4.4 bps to 0.64%
– WTI crude down 50-cents to $38.22
The weight of coronavirus news because too much for the market to bear on Friday as officials backpedaled on the reopening in several US states and the
US stocks finish at the lows of the week
Rough day for equities
On the week:
Despite the drama, it was an inside-week in the S&P 500:
On the week:
Despite the drama, it was an inside-week in the S&P 500:
CFTC Commitments of Traders: Yen longs and CAD shorts increase
Forex futures positioning data for the week ending June 24, 2020:
There were big moves in the euro and Australian dollar last week. It’s interesting to note that AUD was the best performer this week, so cutting shorts was the right move for specs.
There were big moves in the euro and Australian dollar last week. It’s interesting to note that AUD was the best performer this week, so cutting shorts was the right move for specs.
San Francisco bails on Monday’s reopening plan
This isn’t going well
That’s parts of three different states — Florida, Texas and California — all backpedaling today. Add in Arizona and that’s around 30% of GDP.
That’s parts of three different states — Florida, Texas and California — all backpedaling today. Add in Arizona and that’s around 30% of GDP.
S&P 500 touches a fresh session low
Stocks hit again
The S&P 500 touched a fresh session low at 3015 but only fractionally. The market has bounced from around these levels 3 times already and is trying to again.
The S&P 500 touched a fresh session low at 3015 but only fractionally. The market has bounced from around these levels 3 times already and is trying to again.