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US to enter a bad recession - JP Morgan's Jamie Dimon

Jamie Dimon, the CEO of JP Morgan, predicts the US will see a severe downturn along with some kind of financial stress similar to the global financial crisis of 2008.

Dimon said that JP Morgan is preparing for a 35% plunge in economic growth and a rise in the jobless rate to 14%. 

Dimon made the predictions in his annual letter to shareholders. 

Gold off highs, still positive above $1,650 amid mild risk-on

Gold steps back from an intraday high of $1,674.15 to $1,663 during Tuesday’s Asian session. Even so, the yellow metal registers 0.20% gains while als
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AUD/NZD is showing signs of intentions for the 1.03 handle

AUD/NZD has been drifting higher his week and has already broken yesterday's high and resistance as risk-on markets see the Australian dollar outperfo
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