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  • the term 'parabolic' may be in use quite a bit over the next few days/weeks with what's been going on in $TSLA $AMZN and now $SHCOMP https://t.co/LXXfi0duOk
  • The $USDCNH has aligned to the Chinese Index's rally. Here is the exchange rate overlaid with the SPX-SHCOMP ratio and a 10-day (2 week) correlation coefficient between the two is below: https://t.co/fTPQ6LaZts
  • This has been an interesting move: the Shanghai Composite ($SHCOMP) has posted its largest 5-day rally since Dec 8, 2014 while other risk benchmarks globally have somewhat spun their tires https://t.co/FJdBNuhlOW
  • 🇷🇺 Foreign Exchange Reserves (JUN)Actual: $568.9BPrevious: $566.1Bhttps://fxnews.org/?/economic-calendar#2020-07-07
  • Heads Up:🇺🇸 Fed Bostic Speech due at 13:00 GMT (15min)https://fxnews.org/?/economic-calendar#2020-07-07
  • Heads Up:🇷🇺 Foreign Exchange Reserves (JUN) due at 13:00 GMT (15min)Previous: $566.1Bhttps://fxnews.org/?/economic-calendar#2020-07-07
  • There are many different types of forex orders, which traders use to manage their trades. While these may vary between different brokers, there tends to be several basic FX order types all brokers accept. Learn about different FX order types here: https://t.co/lIJdiz4xSz https://t.co/Aj51jJraPw
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.37%, while traders in NZD/USD are at opposite extremes with 72.78%.See the summary chart below and full details and charts on FxNews: https://fxnews.org/?/sentiment https://t.co/l8kBNxbrIK
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.37%, while traders in NZD/USD are at opposite extremes with 73.40%.See the summary chart below and full details and charts on FxNews: https://fxnews.org/?/sentiment https://t.co/104D8ytLwb
  • BNP Paribas sees Brent crude oil averaging $44/bbl in 2020 and $59/bbl in 2021

Market News

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Market Sentiment: Nasdaq, Gold and Copper all Trending Higher | Webinar
Market Sentiment: Nasdaq, Gold and Copper all Trending Higher | Webinar
2020-07-07 13:10:00
While many financial markets are currently moving sideways, Tech stocks, Gold and Copper prices are all looking technically positive as their prices continue to climb.
Copper Price: Rally Consolidates Back Into Supportive Trend
Copper Price: Rally Consolidates Back Into Supportive Trend
2020-07-07 09:19:00
Copper’s rally off its mid-March spike-low remains in place but fears over a further outbreak of COVID-19 are dampening further gains today.
Gold Holds Near 2020 High as Fed Main Street Program Goes Operational
Gold Holds Near 2020 High as Fed Main Street Program Goes Operational
2020-07-07 04:00:00
Current market conditions may keep the price of gold afloat as the Boston Federal Reserve announces that the Main Street Lending Program is now “fully operational.”
US Dollar, VIX Index Stumble as Stock Market Euphoria Prevails
2020-07-06 16:00:00
Appetite for risk endures and continues to weigh negatively on the broader US Dollar, which has tracked the VIX Index ‘fear-gauge’ lower as global equities melt higher. Where is the USD and stock m...
Gold Prices Down, Not Out as China Cheerleads Stock Markets
2020-07-06 06:35:00
Gold prices edged lower as China talked up stock markets and pushed bond yields higher, but a weaker US Dollar limited the anti-fiat metal’s losses.
XAU/USD Outlook Bearish For Q3 on Financial Risks, Covid-19 Pandemic
2020-07-05 20:00:00
Gold prices may surrender to the US Dollar if another wave of the coronavirus hammers global growth prospects and destabilizes the fragile corporate debt market.
Market Sentiment: Nasdaq, Gold and Copper all Trending Higher | Webinar
Market Sentiment: Nasdaq, Gold and Copper all Trending Higher | Webinar
2020-07-07 13:10:00
While many financial markets are currently moving sideways, Tech stocks, Gold and Copper prices are all looking technically positive as their prices continue to climb.
US Dollar May Fall as 2021 GDP Outlook Remains Intact: ASEAN Forecast
US Dollar May Fall as 2021 GDP Outlook Remains Intact: ASEAN Forecast
2020-07-07 05:00:00
The US Dollar is pressured as rising coronavirus cases fail to dent 2021 GDP bets. Could the Singapore Dollar, Indonesian Rupiah, Philippine Peso and Malaysian Ringgit rise?
S&P 500 Up as Virus Growth Slows, Asia-Pacific Stocks to Open Higher
S&P 500 Up as Virus Growth Slows, Asia-Pacific Stocks to Open Higher
2020-07-07 01:00:00
The S&P 500 index climbed 1.59% last night as the Covid-19 growth rate fell below its 7-day average in the ‘sun belt’ states of the US. Asia-Pacific stocks aim to follow higher.
Nasdaq 100 & Dow Jones Forecast: Are Stocks in for Another Leg Higher?
2020-07-06 21:40:00
The Nasdaq 100 pressed to new heights as Asian equities surged higher on swelling volume. Will strength in other equity markets help extend the rally in US stocks?
DAX 30 Forecast: What Stock Will Replace Wirecard on the DAX 30 Index?
2020-07-06 17:00:00
The accounting scandal that took down Wirecard has led to an implosion in share price for the tech stock, rendering it subject to removal from the DAX 30. What stock will take its place?
US Dollar Weakness Abates on Upbeat Services PMI
2020-07-06 16:00:00
US Dollar price action recovered marginally Monday morning on a better than expected services sector report from the Institute for Supply Management
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