The dollar’s rise in response to the pinch of pain felt by global risk assets highlights that market sentiment may remain highly levered to price action as their causality works both ways, per TD Securities. Key quotes “Gold has held the highest beta to pandemic sentiment in our cross-asset framework, suggesting that a further deterioration in sentiment is can put a dent in the yellow metal.” “We expect that gold will ultimately outperform, as the Fed’s massive QE program and the fiscal impulse will ultimately continue to suppress real rates.” “We expect marginal short covering in silver, but don’t expect much impact on price action with very minimal flow estimated.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next S&P 500 Price Analysis: US stocks dip, bullish recovery stays intact FX Street 2 years The dollar's rise in response to the pinch of pain felt by global risk assets highlights that market sentiment may remain highly levered to price action as their causality works both ways, per TD Securities. Key quotes “Gold has held the highest beta to pandemic sentiment in our cross-asset framework, suggesting that a further deterioration in sentiment is can put a dent in the yellow metal.” “We expect that gold will ultimately outperform, as the Fed's massive QE program and the fiscal impulse will ultimately continue to suppress real rates.” “We expect marginal short covering in silver, but don't expect… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
