The EU Commission will unveil its proposal for a regional recovery fund to counter economic pain amid the coronavirus outbreak. The Swiss Franc faces selling pressure.
Crude oil prices are struggling to find fuel for a push higher despite buoyant risk appetite across global financial markets. Gold prices may be set to fall below $1700/oz.
Gold prices are finding support despite typically unfriendly market conditions as the US Dollar swoons, boosting the appeal of anti-fiat alternatives.
The US Dollar and Japanese Yen may rebound as sobering Congressional testimony from Fed Chair Powell and Treasury Secretary Mnuchin sour market sentiment.
The Euro is at risk as Germany’s constitutional court weighs on the ECB’s QE effort. If it rules against the central bank, the single currency may suffer alongside broader risk appetite.
The US Dollar is on the defensive as sentiment improves across global financial markets. Incoming corporate earnings reports may sour the mood and revive the currency’s fortunes.
The US Dollar may return to the offensive as markets flee to cash amid fears of deep global recession thanks to the still-raging coronavirus outbreak.
Crude oil prices may decline after rising the most in three months as risk appetite sours while EIA inventories data disappoints drawdown expectations.