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The GBP and the EUR are now presenting bearish characteristics which is why it may be a good time to look at both GBPUSD and EURUSD for some opportunities.   Lack of EU and UK Trade Progress Affects the Strength of the Pound The EU-UK Trade talks have been the talk of the week. The

According to the New York Times, Dr. Anthony Fauci, a leading contributor to the task force, will likely warn the Senate on the “needless suffering and death” Americans are bound to face if the US reopens too soon. As such, demand for safe-haven, particularly USD, is strengthening amid the pandemic crisis. On Monday, Fauci said

This week, the British Pound will experience some turbulence because of the economic events in store for it. There are the lockdown lifting plans, UK EU Trade Talks, and the UK GDP Data release.   Lockdown Reversal Plan First, PM Boris Johnson will be talking about his plan on how to get the economy back

Growth in the 1st quarter was the smallest since 1998. According to ANZ bank, it is likely that the development falls significantly further in the 2nd quarter, mirroring the full effect of the COVID-19 lockdown measures.   Effects of the Pandemic The Philippine economy shrunk by 0.2% year-over-year in 2020’s 1st quarter. Exports and imports

The EUR has been under pressure for the past few days due to overall bearish sentiment. The EUR faces even more struggle now as a statement made by the German Constitutional Court gave a warning that some of the measures done by the European Central Bank does not have the backing of the EU Treaty.

S&P Futures recorded a 0.40% increase to 1,837, showing recovery up at 11 points from seven-day low, amidst the preliminary meeting in Asia on Tuesday. As such, the risk indicators widen yesterday’s recovery following modest positive trade catalysts. First, among the risk-reset triggers, is the World Health Organization’s (WHO) abstinence to support the US claims

At the start of the week, the Japanese Yen performed quite well. Along with the JPY, the US Dollar and the Swiss Franc also followed behind. As of this week, the market shook due to a US-China argument as to which country originated the Covid-19 pandemic. According to a virtual news report from Fox News

The DXY has been on an overall bearish movement for the past few days having dropped below the 99.50 level. Because the of the weak US Dollar strength, a number of currency pairs were able to capitalize. These included the GBPUSD, AUDUSD, and Gold.   The USD Before the Release of Unemployment Data While the

Gold has been in the frontlines as currencies fell during the pandemic. While the US Dollar gained the safe haven status at the start of the global lockdown, the USD eventually lost some traction, further pushing gold to higher highs. From it’s recent lows of 1470.50, the metal commodity reached heights of higher than 1730.

Asian securities struggle to carry upward momentum in the midst of plunging oil prices. Tuesday in Asia, the rating giant Fitch suggested that this is caused by the ongoing COVID-19 pandemic’s disruption of oil demand-supply and storage issues. In Japan, equities may have taken hints from the Bank of Japan’s expansion of bond purchases, but