US Presidential Election Timeline and Implications for Gold Prices
The price of gold has become more responsive to the macroeconomic landscape since President Richard Nixon took steps to end the Bretton-Woods system starting in 1971.
S&P 500, Nasdaq Outlook: Stocks Stabilize After Trump Covid Sell-Off
Last night brought a quick jolt of volatility to US equity futures. But that sell-off, so far, has been short-lived, even with a poor NFP report.
US Dollar, Gold, S&P 500 React to September NFP Report Miss
Nonfarm payrolls data for September 2020 just crossed the wires at 661K job gains and missed market forecast of 859K, but the US unemployment rate dropped further to 7.9% from…
USD/ZAR: Rand Slips After President Trump Tests Positive for COVID-19
President Trump has thrown curveball at global markets in the midst of an already volatile election race. How will this impact the Rand going forward?
FTSE 100 Technical Outlook – Channel Support at Risk of Breaking Soon
The FTSE has failed to gain much interest around support, at risk of breaking soon; March lows may come into play this fall.
EUR/USD Price Remains Under Pressure After Lowly Inflation Data; US NFP Next Important Release
The single currency remains on the back foot after slightly worse than expected inflation data highlights the difficult job the ECB has to boost price pressures.
British Pound Latest (GBP) – Boris Johnson & Von Der Leyen to Meet, Make or Break for Brexit?
GBP/USD rose on reports that UK’s Johnson and Von Der Leyen will meet to break the Brexit deadlock.
USD Surges, S&P 500 Futures Sink as President Trump Tests Positive For Covid-19
The US Dollar surged while S&P 500 stock index futures collapsed after news that President Trump had tested positive for Covid-19 roiled equity markets.
Indian Rupee, Nifty 50 at Risk to a US Stimulus Setback After RBI Delay
The Indian Rupee and Nifty 50 may be at risk to capital flight with global sentiment focusing on US fiscal stimulus bets. This follows a delay to the latest RBI…
Nasdaq 100 May Lead Asia-Pacific Higher, DAX 30 Tests Support, Oil Falls
US stocks shrugged off mixed economic data and ended higher. The tech sector outperformed. The DAX 30 index may test the 100-Day SMA. Oil prices plunged 4%.