All That Glitters Is … Gold Again?

Gold is Shining Again Gold is on the rise. There are many fundamental factors that are favoring it. The US Dollar is soft, the Coronavirus pandemic has ignited the fears of a global economic recession and the global interest rates are low. No wonder gold is trying to reclaim its previous high levels. Technical charts…

Morning Notes – Thursday April 16, 2020

Directional Bias For The Day: S&P Futures are higher; declining since making a high of 2806.25 of 2:30 AM to near 2775.00 The odds are for a down to sideways day with elevated volatility – watch for break above 2794.75 for change of fortune Key economic data due: Unemployment Claims ( 5350K est.; prev. 6606K)…