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The Tide Is Turning In Favor Of Risk-Off
Article By:
Ivan Delgado
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Monday, June 15, 2020 6:15 AM EDT
At the epicenter of the renewed fears that have swiftly led to a suppression of risk-on dynamics, we find a market worried about new containment measures in the US as COVID-19 related infections continue to spike at unnerving numbers.
USDCAD Daily Analysis – Monday, June 15
Article By:
ForexCycle
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Monday, June 15, 2020 4:38 AM EDT
USDCAD extended its upside movement from 1.3314 to as high as 1.3666.
Forex Weekly Outlook June 15-19 – GDPs Head South As Major Economies Flounder
Article By:
Yohay Elam
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Sunday, June 14, 2020 5:09 PM EDT
Global economic conditions remain severe, as the COVID-19 pandemic continues to weigh heavily on the major economies, which are reporting declines in economic growth. With no end in sight to the virus, the economic misery is expected to continue.
USD/CAD Forecast June 15-19
Article By:
Yohay Elam
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Sunday, June 14, 2020 4:57 AM EDT
The Canadian dollar reversed directions last week, as USD/CAD gained over one percent. There are five releases in the upcoming week, including inflation and retail sales.
Stock Market Rally Takes A Breather
Article By:
Personal Capital
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Sunday, June 14, 2020 4:44 AM EDT
The global stock market rally finally took a breather. After a positive start to the week, equities slowly rolled over before culminating in a precipitous single day freefall on Thursday.
Central Banks Bailed Out Markets To Avoid Trillions In Pension Losses
Article By:
Tyler Durden
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Saturday, June 13, 2020 1:18 PM EDT
The Organization for Economic Co-operation and Development published a report showing how pension funds in OECD countries recorded a loss of around $2.5 trillion. After that, central banks intervened with monetary cannons to rescue stock markets.
Risk-Off Conditions Re-Established
Article By:
Ivan Delgado
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Friday, June 12, 2020 6:30 AM EDT
The hectic action in US equities in a move that was already building up in Europe and Asia has led to a quick transition into an environment that is back to ‘risk off’ dominating proceedings.
USDCAD Daily Analysis – Friday, June 12
Article By:
ForexCycle
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Friday, June 12, 2020 5:30 AM EDT
USDCAD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 1.4048 had completed at 1.3314 already.
USDCAD Daily Analysis – Thursday, June 11
Article By:
ForexCycle
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Thursday, June 11, 2020 6:10 AM EDT
USDCAD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.4048.
Risk Trades Have Come A Long Way
Article By:
Ivan Delgado
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Tuesday, June 9, 2020 6:20 AM EDT
There is no respite in the USD weakening trend, now a very mature one, as the currency still loses value across the board, resulting in new lows in the prop index I personally monitor that aggregates the flows.
USDCAD Daily Analysis – Tuesday, June 9
Article By:
ForexCycle
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Tuesday, June 9, 2020 5:18 AM EDT
USDCAD extended its downside movement from 1.4048 to as low as 1.3356.