Gold prices are coming back into the spotlight. At the time of writing, on June 22, it looked like gold...
JoinedJan 29, 2019, 18:34 GMT
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Alejandro Zambrano combines extensive professional experience and a pragmatic attitude to trading, building clients’ understanding of the markets and the rationale behind investing.
Zambrano was the Chief Market Strategist of the FCA regulated broker, Amana Capital. Prior to that, he was also the Head Analyst at FXCM’s London research desk. Interact with Alex via Twitter at @AlexFX00.
Crude oil prices remain in an uptrend and could reach could be on their way to the June high, despite US crude oil stocks reaching a two-year high. Register to learn more.
GBPAUD is coming under pressure today, and on a break to the June low of 1.8052, the GBPAUD pair might resume its exaggerated slide from 2.08.
The Bank of England stroke a slightly more hawkish tone than expected at their June 18, 2020 interest rate meeting, by only opting to add £100 billion to their quantitate easing program. This amount was at the lower end of expectations according to the Financial Times.
At 8 am London time, the GBPUSD reached a new monthly high at 1.2786, as the US Dollar drifted lower...
The bears are growing in numbers and stock markets, such as the DAX index and S&P 500 have stopped in...
Today, risk-appetite is strong as investors pile into the FTSE 100, CAC 40, and Nikkei 225 before the re-opening of...
As the new week starts the DAX index and Dow Jones traders’ mood remains upbeat, as the growth rate of new coronavirus cases dropped further over the weekend, and the world is getting ready to open for business. The China PMI on Thursday will give us an idea of what lies ahead in western countries, while the ECB could boost risk-sentiment further if they announce that they will buy junk bonds at their Thursday Rate meeting. The Federal Reserve is also hosting a rate meeting, but the expectations are low. The ISM report, and US Q1 GDP report will also be published, but the reports are bound to be soft, as the US is still under lockdown. On Thursday the focus will also shift to Crude oil prices, as the weekly EIA report is published...
The sharp rise in the Dow Jones is taking some investors by surprise. However, the stock trading pattern we see today is similar to what we saw in the 2003 SARS epidemic, and earlier in the year when coronavirus infections peaked in China. Login to read the rest of the article.
The coronavirus is shaking up the world. Read our free Q2 Global Market Outlook to know what may happen with EURUSD, Gold prices, Crude oil, Bitcoin, and S&P 500.
Here are are the topics covered in the second market outlook for the year.
- EURUSD: Soars on Coronavirus Panic
- USDJPY: Roller-Coaster Ride Will Not End Anytime Soon
- AUDUSD: Under Pressure on World Lockdown
- GBPUSD: Trades Lower as Coronavirus Could Delay UK-EU Trade Talks
- Stock markets tumble as investors prepare for the worst
- Gold prices may resume uptrend as QE is expanded aggressively
- Crude oil prices could rise on high demand in q2 and coronavirus risk abating
- Cryptocurrencies drop as the safe haven notion is crushed
There is no specific trigger to today’s higher XRPUSD. Instead, it looks like a general return to risk- appetite, as stock market indices have also stabilized as the spread of the Coronavirus has slowed sharply across the world. What is our outlook, and what levels do we think traders are targeting?