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It’s not only gold that glitters. Since touching its weakest level in more than a decade in March, silver has doubled to a seven-year high of almost $23 an ounce. Partly, it’s a rally fueled by the same low-yield, weak-dollar haven dynamic that has pushed bullion to within spitting distance of a record. Investor demand
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BNZ is ringing alarm bells on the renewed Australian coronavirus outbreak and its implications for cross.  BNZ couch their analysis in NZD/AUD terms: NZD/AUD has found some support after dipping below 0.93  Traders will be wary of taking the cross lower against a backdrop of the COVID19 outbreak in Victoria, as it risks spreading to
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Credit Agricole EUR/CHF outlook, maintains a bullish bias targeting a move towards 1.15 “EUR/CHF has been advancing of late hand in hand with outperforming EUR-denominated risk assets, a development that may continue going forward should it be indicative of an improving risk asset related capital flow situation. Historically speaking, the capital flow situation has been
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LONDON: Oil rose on Tuesday, helped by positive news about vaccine trials and an EU stimulus deal, taking prices to levels last seen when an oil price war erupted in early March between Russia and Saudi Arabia. Benchmark Brent crude was up $1.24 cents at $44.52 by 1337 GMT, on track for its biggest daily
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Global stock markets are lifted by the agreement on the EUR 750B Next Generation EU recovery package. Commodity currencies surge broadly with Australian Dollar leading the way. RBA Governor indicated that the current exchange rate is inline with Australia’s fundamentals. On the other hand, Dollar, Yen and Swiss Franc are under broad based pressure due
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