Leading indicators are lagging and the fastest, incomplete reports are becoming more relevant, as US jobless claims have proved. Valeria Bednarik, Joseph Trevisani, and Yohay Elam examine the indicators to watch in coronavirus times.
Don't miss! Coronavirus: Why the dollar has more room to recover and rally
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AUD/USD continues to juggle below 0.6660 ahead of Australian Retail Sales and CPI data
The AUD/USD pair is demonstrating a back-and-forth action below 0.6660 from Friday’s session. The sideways performance in the Aussie asset is expected to conclude and a power-pack action will be witnessed.
EUR/USD bulls attack 1.0800 amid risk-on mood, focus on ECB’s Lagarde, US Consumer Confidence
EUR/USD extends the week-start recovery to 1.0800 during early Asian session on Tuesday, picking up bids to refresh the intraday high of late, as the risk-on mood joins the hawkish comments from the European Central Bank (ECB) officials.
Gold faces resistance around $1,960 as US banking jitters ease, Yields soar
Gold is juggling below $1,960.00 in the early Asian session. The upside for the Gold price seems restricted as fears of the United States banking debacle have eased. Therefore, investors have liquidated their positions in Gold and US government bonds.
Four issues Binance CEO notes in his open address to the CFTC complaint
Binance CEO, Changpeng Zhao (CZ), has penned an official response to the Commodity Futures Trading Commission (CFTC), which alleged that the largest crypto exchange by market capitalization violated federal laws.
Central banks are running full speed ahead to prevent the sense of a global crisis
Everyone wonders if a crisis mentality is not inevitable anyway. The Fed is mulling over whether to expand the emergency lending program instead of offering it upfront before the dirt hits the fan. Even if an actual crisis is averted, a credit crunch is clearly loaming.