Stock Market Forecast: Recession Likely Unavoidable Amid Virus Fallout

Posted March 31st, 2020 by BonTrade and filed in BonTrade News

Despite unprecedented Fed liquidity and fiscal stimulus measures, economic turmoil caused by the coronavirus mounts and raises the risk of recession, which could strongarm the stock market lower.

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Stock Market Forecast: Recession Likely Unavoidable Amid Virus Fallout

Consumer Confidence Dives to 2017 Lows on Covid-19, USD Gyrates

Posted March 31st, 2020 by BonTrade and filed in BonTrade News

Consumer confidence data shows that Covid-19 is taking its toll on the US consumer's outlook as the index drops to the lowest level since July of 2017Consumer Confidence Sinks to Lowest Level Since…

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Consumer Confidence Dives to 2017 Lows on Covid-19, USD Gyrates

US Dollar Rises on Month End Flows, Fed Announces Further Liquidity Tools – US Market Open

Posted March 31st, 2020 by BonTrade and filed in BonTrade News

US Dollar in Demand on Month and Quarter End Flows, Federal Reserve Announces further liquidity measures

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US Dollar Rises on Month End Flows, Fed Announces Further Liquidity Tools – US Market Open

Market Sentiment Showing Tentative Signs of Improvement | Webinar

Posted March 31st, 2020 by BonTrade and filed in BonTrade News

Trader confidence remains poor, with the US Dollar still in demand as a safe haven, but it is less weak than it has been, and risk assets are benefiting.

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Market Sentiment Showing Tentative Signs of Improvement | Webinar

US Dollar Index, EUR/USD Charts & More

Posted March 31st, 2020 by BonTrade and filed in BonTrade News

The Dollar is trying to rebound at the moment; wild swings have made everything short-term, but look for that to change as a theme/trend emerges.

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US Dollar Index, EUR/USD Charts & More

EUR/USD Price Breaking Through Technical Support

Posted March 31st, 2020 by BonTrade and filed in BonTrade News

EUR/USD is trading back below 1.1000 as this week’s sell-off continues. Recently released eurozone inflation data missed expecttions and leaves the ECB with a longer-term headache.

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EUR/USD Price Breaking Through Technical Support

British Pound (GBP) Latest: GBP/USD Easing, FTSE 100 Gaining Ground

Posted March 31st, 2020 by BonTrade and filed in BonTrade News

The FTSE 100 index of leading London-listed stocks has steadied but downward pressure remains on GBP/USD after Fitch’s downgrade of the UK’s debt rating Friday.

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British Pound (GBP) Latest: GBP/USD Easing, FTSE 100 Gaining Ground

US Dollar May Rise if PMI Data Kindles Demand for Liquidity

Posted March 31st, 2020 by BonTrade and filed in BonTrade News

The US Dollar may rise from a wave of capital rushing into it if PMI data out of the world’s largest economy unnerves investors and boosts demand for highly liquid assets.

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US Dollar May Rise if PMI Data Kindles Demand for Liquidity

Gold Prices Edge Lower But Coronavirus Fears Underpin Haven Bids

Posted March 31st, 2020 by BonTrade and filed in BonTrade News

Gold prices are under a little pressure from a stronger US Dollar as March ends, but they’ve gained broadly over the month and there seems little impetus to chase them lower

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Gold Prices Edge Lower But Coronavirus Fears Underpin Haven Bids

AUD/USD Forecast: Bear Flag Continues to Take Shape Ahead of April

Posted March 31st, 2020 by BonTrade and filed in BonTrade News

The recent rebound in AUD/USD may start to unravel over the coming days as a bear flag formation continues to takes shape.

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AUD/USD Forecast: Bear Flag Continues to Take Shape Ahead of April