Breaking News: Euro Rose to 8-Week High Amid ECB’s Moves to Boost Stimulus
With investors looking past all data weakness and in favour of the economy re-opening and expectations of strong 2H growth, EUR/USD rally could end. Short EUR/USD?
With investors looking past all data weakness and in favour of the economy re-opening and expectations of strong 2H growth, EUR/USD rally could end. Short EUR/USD?
As lockdowns continue to ease globally, the optimism from the market could spur US stock futures higher. Long NAS/USD on retracement?
With uncertainties on the rise for tonight’s press conference, gold could be a good bet.
With ECB President Lagarde showing pessimism on the eurozone economy, we could expect further easing by the ECB next week. Short EUR/USD?
The knee-jerk optimism from the market on Moderna’s trial results may fade until solid evidence from trials is available. Short S&P 500?
Fed Chairman Powell remained cautious on the economy but ruled out negative interest rates. Long USD/JPY?
As the first few countries to ease the coronavirus restrictions, New Zealand’s economy will recover faster as well. Long NZD/USD?
UK’s economy could be hit worse than what its central bank expects. Short GBP/NZD?
Could US ADP forewarn a worse-than-expected NFP tonight? USD/JPY could extend its decline further.
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?