Forex

For the past two months the Nasdaq 100 has handily outperformed the Dow but so far this week the script has flipped.

The S&P 500 broke above 3,000 for the first time since March 6 as risk appetite appears to drive equities higher. Will the bullish breach spark a continuation rally or is this a false break?

DAX risk rally gains traction as European Commission proposes ambitious recovery fund package

The Mexican Peso hit its highest level against the US dollar in more than 10-weeks yesterday and in doing so tested an important support level.

GBP/USD continues to trade within a symmetrical triangle chart pattern but a breakout is close and the need for tight stops has therefore risen.

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.

The price of gold may continue to give back the advance from the May low ($1670) as Relative Strength Index (RSI) establishes a negative slope.

Signals from IG Client Sentiment hint that the FTSE 100 and S&P 500 could have room for weakness ahead as the CAC 40 attempts to climb towards key resistance.

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.

The Australian Dollar has outperformed against all of its major counterparts so far in May, but AUD/USD faces a key test as it approaches the March high (0.6685).