Newly injected dollars are insufficient to handle dollar-denominated debts
New record high in negative-yielding bonds in Europe and Japan
Mnuchin rushes to the aid of the dollar
US-China cold war to benefit safe-haven assets
Another stimulus package to reduce risk-aversion pressure
Worldwide surge in new cases
Strong and strengthening correlation...
EUR/USD recovered to 1.1370 last week but retreated sharply since then. Initial bias remains neutral this week first. On the upside, above 1.1370 will target 1.1422. Break there will resume whole rebound from 1.0635 to 1.1496 key resistance. However, on the downside, break of 1.1258 minor support will turn bias back to the downside, to extend the consolidation to...
FUNDAMENTAL FORECAST FOR USD: BULLISH
US DOLLAR, FEDERAL RESERVE, FOMC, - TALKING POINTS:
The US Dollar’s tentative recovery may continue into the upcoming week
Federal Reserve’s dovish outlook fueled the recent appreciation in the greenback
Will the recent $74 billion contraction of the central bank’s balance sheet fuel further dollar strength?
The US dollar...