Tuesday, 4 February 2020

US Dollar Jumps, GBP/USD Crumbles and Crude Oil Sets a Fresh Low

After an aggressive sell-off to finish January, USD bulls have come back; helping GBP/USD to crater down to the 1.3000 psychological level.

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Global Indices Bid, USD, Gold & Oil Stabilize, Tesla Shorts Incinerated - US Market Open

A risk-on tone pre-US market open with global indices all in positive territory. Gold, oil and the US dollar remain calm, while Tesla (TSLA) short sellers continue to lose billions of US dollars.

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Demand for Havens Wanes as Sentiment Picks Up | Webinar

Trader confidence has picked up as market fears about the coronavirus have waned, leading to demand for riskier assets and less demand for safe havens.

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Euro & Pound Pairs – Forex Analysis & Charts

The Euro looks vulnerable to more losses after yesterday, sterling is holding onto support versus the dollar and yen, but may not be for long.

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Gold Price Testing Support as US Dollar Strength Trumps Coronavirus Fears For Now

Gold has slipped back off its recent highs as renewed US dollar strength outweighs the coronavirus fears. The Chinese flu however continues to take its toll.

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British Pound (GBP) Latest: Outlook Bleak as Brexit Slide Continues

GBP/USD weakness, and EUR/GBP strength, will likely persist as the UK and the EU take hardline positions ahead of Brexit negotiations that begin soon.

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Iron Ore Price Analysis: Hammered Into Resistance as Coronavirus Fears Spread Further

Iron ore was hammered Monday as Chinese markets re-opened, bringing a huge wave of sellers. Fears that the Chinese coronavirus will hit global growth hard saw iron prices hit a near three-month low.

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US Dollar Outlook Bullish Ahead of State of the Union Address

The US Dollar may rise on President Donald Trump’s State of the Union address if he alludes to expansionary fiscal policies and pours cold water on inflamed 2020 Fed rate cut bets.

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Monday, 3 February 2020

Crude Oil Gains as Risk Appetite Revives, Production Cuts Possible

Crude oil prices got a lift both from a generally better tone for pro-cyclical assets and from reports that traditional producers might reduce production in response to coronavirus.

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Dollar Soars as SGD, MYR and IDR Drop on China Woes, Can it Sustain?

The US Dollar rose against the Singapore Dollar, Indonesian Rupiah and Malaysian Ringgit on coronavirus fears. What is the road ahead for USD/SGD, USD/IDR, USD/MYR and USD/PHP?

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Australian Dollar Gains As RBA Leaves Interest Rates On Hold, As Expected

The Australian Dollar rose as the RBA left interest rates alone for another month. The chance of a rate cut in February had been progressively priced out by markets beforehand.

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Commodity Dollars, Stocks, Energy Will See Worst Coronavirus Hit

The spread of coronavirus promises a global economic hit at a time when the global economy is perhaps especially ill-equipped to deal with one. Growth-correlated assets are vulnerable.

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Japanese Yen May Gain on China Slowdown Woes, British Pound Sinks

The Japanese Yen may gain on China slowdown fears. The British Pound suffered a dismal session. The Australian Dollar is at risk if the RBA brings up concerns on the coronavirus.

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RBA Preview & Australian Dollar Outlook: AUD/USD, AUD/JPY, AUD/CAD

The Australian Dollar looks ripe for volatility surrounding the latest RBA monetary policy update on deck for release Tuesday, February 04 at 3:30 GMT.

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Mexican Peso Price Outlook: USD/MXN in Consolidation- Breakout Levels

Mexican Peso has been in consolidation since the start of 2020 with price trading just above downtrend support. Here are the levels that matter on the USD/MXN charts.

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3 Things to Know When Trading Earnings Announcements

Earnings season is a period ripe with trading opportunities and volatility but can be unpredictable. Here are 3 things to know when trading earnings season.

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Bitcoin Price Rally Stalls at Resistance, Will it Reverse?

Bitcoin has enjoyed a bullish beginning to 2020, reclaiming key technical barriers. Stalling at a Fibonacci level, can the coin press higher? Or will it reverse?

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US Dollar Forecast: GBP/USD, USD/JPY, AUD/USD – Charts to Watch

Currency volatility expected in the US Dollar spiked ahead of this week’s jam-packed economic calendar and brings GBP/USD, USD/JPY and AUD/USD into focus.

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USD At Resistance on US ISM Manufacturing (January)

This morning brought the release of US ISM Manufacturing data to the tune of ___ vs the expectation of ____

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Dow Jones, CAD & MXN at Risk from Bernie Sanders Iowa Win - US Market Open

US election in focus as Bernie Sanders is favourite in the Iowa caucus. GBP/USD collapses as Boris Johnson sets out tough stance on EU.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...