With US interest rates to remain on hold until further notice, dollar could continue to weaken versus commodity currencies such as New Zealand dollar. Long NZD/USD?
US oil prices turned negative as a result of the current global lockdown which is affecting the global demand for oil. With no end in sight, oil prices could remain depressed.
Though Fed will buy unlimited amounts of US Treasuries and mortgage-backed securities in the new QE, it has failed to support the US stocks and weaken the dollar. SPX/USD may continue to weaken.
Even with the huge stimulus package announced, euro’s move was limited as the market felt that both the ECB and the individual countries should have taken more measures. Any rally in EUR/USD is an...
Trump administration assembled a USD1.2 trillion federal emergency fiscal package that includes sending money directly to Americans. This would temporary boost dollar due to the support offered to...
With the World Health Organisation declaring the COVID-19 situation a pandemic and major central banks cutting rates, the sell-down may be far from over. Dow could fall further.
Sterling losses were erased almost immediately after optimism from the fiscal support Bank of England is going to provide. It would be better to stay at the side lines for now.
With both Fed and Bank of Canada cutting rates by 50bps, the rest of the major central banks may start to follow. Long XAU/USD?
RBA’s statement has made it clear that they are ready to continue their easing cycle if the COVID-19 situation does not improve. Short AUD/JPY?
As the coronavirus pandemic worsens in Europe and the US, investors are panic selling and finally realising the impact. Buy gold at dip?
