Forex

Week ahead: GDP and Inflation

It is a busy week ahead for the markets as the Coronavirus is still front and center. With Oil up 75% in the past month alongside the further escalation of tensions between the United States and China, traders and investors...

Gold down as risk on prevails

Gold reached an all-time high earlier this week as it cleared the $1,750 level. It was able to reach bids at $1,765 before the US trading station started for the week. However, this rally was not sustainable as Risk on...

Commodity currencies strengthen as demand for oil and metals increase

Commodity currencies are set to advance as manufacturing and oil usage rise across the world. The Australian dollar and the Canadian dollar have been stuck within their respective consolidation zone, strengthening over the past couple of days. The correlation between...

Gold may see $1,800 if there is a second wave

Gold has been rallying in the past couple of days as stocks dip. The threat of a second wave hitting the western countries alongside fears extraordinary quantitative easing will devalue significant currencies....

Upside for the Kiwi dollar ahead?

As New Zealand brings its lockdown to the close, the upside for the Kiwi Dollar against the US Dollar may be on the charts. The Kiwi dollar has been exhibiting significant risk on / risk off characteristics that convey the...

Ballast for the portfolio – Bonds, Gold or the USD?

A common portfolio weighting known amongst many investors is the 60% stocks, 40% bonds portfolio. The general idea being that stocks appreciate in a bull market, while bonds keep their value in a bull market. Therefore, if you were long...

RBA’s Decision: What to expect?

What are we to expect with RBA’s decision today? On the back of two rate cuts from 75 to 25 basis points, the focus remains to be on the outcome of the Coronavirus. Australia’s current figures stand at 6,825 confirmed...

A currency pair for the recovery

What currency pair is poised to bounce back in the recovery? Since the start of the Coronavirus, the Australian Dollar has depreciated sharply against the US Dollar. However, history has shown to repeat itself in regards to economic shocks and...

Federal reserve keeps printer steady as rates remain unchanged

The Federal Reserve kept their interest rate target unchanged at their latest conference on Wednesday. As the death toll rises by 2% in the United States to 1.06m, Chairman Jerome Powell states the Federal Reserve remains steadfast in assuring that...
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