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Thursday, 2 April 2020

Indian Rupee May Fall as US Dollar, USD/INR Rise on Virus Cases

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The Indian Rupee fell against the US Dollar recently. Indian coronavirus cases risk exponentially growing with manufacturing slowing. USD/IN...

Australian Dollar Firms Slightly As China Caixin Service PMI Bounces Back

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The Australian Dollar remains focused on broad risk sentiment but good news from China's private service economy saw it hold up. from ...

Bitcoin Price: How Will Halving, Coronavirus Affect BTC?

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Bitcoin prices may see a pickup in volatility ahead of the 2020 halving as the coronavirus pandemic threatens to disrupt cross-continental B...

EUR/USD Rate Grinds Towards 2020 Low Ahead of NFP Report

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EUR/USD chips away at the advance from the 2020 low (1.0636), with the exchange rate extending the series of lower highs and lows from earli...

Canadian Dollar, Crude Oil Gain on Saudi-Russia Output Cut Confusion

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The Canadian Dollar rose with crude oil prices in a volatile day as investors navigated around confusion in Russia-Saudi production cut bets...

CAC 40 Price Outlook: French Index Pulls Back from Resistance

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The CAC 40 pulled back from resistance this week after briefly breaking above the December 2018 low. Now as risk appetite wanes, price is pr...

Oil Surges Higher on Trump Comments

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Oil prices surged over 35 percent higher Thursday morning as news of possible production cuts from Russia and Saudi Arabia crossed the wires...

US Dollar Gyrates on Record Breaking Jobless Claims

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US weekly jobless claims rose to another record level on Thursday as COVID-19 continues to weigh on the economy from DailyFX - Market News...

US Labor Market: Jobless Claims Rise by 6.65 Million

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This morning brought the release of initial jobless claims out of the US to the tune of 6648k vs the expectation of 3000k from DailyFX - M...

Oil Price Outlook: Ravaged Oil Market Needs a Russia - Saudi Arabia Production Deal

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US crude oil jumped overnight on news that Russia and Saudi Arabia may announce a production truce to arrest the recent savage sell-off. f...

British Pound (GBP) Latest: EUR/GBP Outlook Poor, GBP/USD Stable

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While GBP/USD continues to meander close to the 1.24 level, EUR/GBP is sliding, with few signs yet that the trend lower is about to reverse....

Gold Prices Lower As US Dollar Holds Up Amid Coronavirus Worries

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Gold retains a strong underlying bid but is struggling to progress as the US Dollar steals its haven crown. Oil prices have gained on hopes ...

Euro Outlook Shaky After ECB Warns of Sovereign Debt Crisis 2.0

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The Euro may be at risk of a market-wide selloff if concerns about financial stability in the Eurozone and the prospect of another credit cr...
Wednesday, 1 April 2020

AUD/USD Bear Flag Continues to Take Shape Following RBA Minutes

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AUD/USD appears to be stuck in a narrow range, but the rebound from the yearly low (0.5506) may start to unravel as a bear flag formation co...

Swiss Franc, US Dollar, Yen May Rise on Fear of Maket Closures

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Reports that London-based fund managers have discussed long market closures with the Bank of England are unlikely to bear fruit, but that th...

Palladium Decline May Be Offset by Virus-Induced Supply Shock

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Palladium prices may be in for a bearish correction following its 44 percent rally, though supply shortages from virus-hit mining facilities...

EUR/USD Levels to Watch as Rebound from 2020 Low Unravels

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EUR/USD may exhibit a more bearish behavior over the coming days as the exchange rate extends the series of lower highs and lows from earlie...

Australian Dollar at Risk as AUD/USD Descends, Yen May Fall Ahead

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The Australian Dollar fell with AUD/USD at risk to reversing its bounce off March lows. Futures are pointing higher after the Fed eased capi...

USD/MXN Price Volatility Continues as Pair Probes Topside Barrier

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USD/MXN has been a highly volatile currency pair as of late, a trend that may continue as risk appetite appears to have slowed and crude oil...

Stock Market Forecast: Recession Likely Unavoidable Amid Virus Fallout

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Despite unprecedented Fed liquidity and fiscal stimulus measures, economic turmoil caused by the coronavirus mounts and raises the risk of r...