Friday, 7 February 2020

Australian Dollar May Be Back to Virus-Watch After RBA Boost

The Australian Dollar rose after domestic interest rates were left alone even though the decision had been expected. It’s still under duress though and can’t hope for a similar RBA rescue this week.

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Dow Jones, Nasdaq 100, S&P 500 Forecast: Resistance Looms at Record Levels

The Dow Jones, Nasdaq 100 and S&P 500 have undergone considerable volatility as of late, but a quick reversal in risk appetite has allowed them to reclaim much of their losses.

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Loonie Mixed After Canadian Jobs: CAD/JPY, GBP/CAD & AUD/CAD

Canadian Jobs data briefly lifted the Lonnie this morning, but coronavirus fears weigh on oil prices, helping suppress the CAD

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Sterling Price Outlook: British Pound Slams into Key GBP/USD Support

Sterling plummeted nearly 2% against the Dollar this week with Cable trading just above key support post-NFPs. Here are the levels that matter on the GBP/USD charts.

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Gold Prices Rally, USD/JPY Turns, AUD/USD Sets Fresh Decade Lows

NFP printed with strength in an all-around healthy report. But risk aversion themes have started to show as fears around the spread of coronavirus remain.

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Non Farm Payrolls Beats Expectation: US Dollar Rallies

This morning brought the release of US Non-Farm Payrolls to the tune of 225k vs the expectation of 165k.

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USD, AUD/USD, GBP/USD – Charts for Next Week

The Dollar continues to rise, Aussie probing near decade plus lows and Cable below near-term support that sets it up for lower prices.

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Crude Oil Selloff Deepens; Can NFP Data Dwarf Coronavirus Fears?

Crude oil officially fell into bear market territory last week and is now trading near $50.00 on the novel coronavirus outbreak, but high-impact US jobs data is due for release and could rekindle r...

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EUR/USD Price Slumps Through Support Ahead of US Jobs Data, Chart Remains Weak

Yet more weak German hard data has pulled the rug from under EUR/USD and sent it tumbling through recent stubborn support levels.

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British Pound (GBP) Latest: GBP/USD Eyes US NFPS; Post-Brexit Tariffs to be Slashed?

Sterling (GBP) remains against a resurgent US dollar and trades around support as Europe opens. This afternoon’s US Labor Report (NFP) is Friday’s focal point.

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Thursday, 6 February 2020

US Dollar Outlook Bullish Ahead of Market-Moving Jobs Data

The US Dollar may continue rising along the January uptrend if US nonfarm payrolls data reports a better-than-expected print after the prior sent a chill down the spines of investors.

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Gold Prices Down as Markets Eye Virus Headlines, US Payrolls

Gold is well supported at elevated levels but it inched down on Friday in Asia as the markets looked with hope to upcoming US jobless data.

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The Singapore Dollar and MAS: What is SGD and How to Trade it?

The Singapore Dollar (SGD) is driven by the Monetary Authority of Singapore, which manages exchange rate instead of short-term interest rates. Learn more on the SGD and how to trade it.

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XPD/USD Heading for Correction as XAG/USD Aims to Breakout?

Palladium prices may on the verge of a bearish correction as the precious metal tests critical support with XAG/USD in the early stages of what could be a bullish breakout.

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Canadian Dollar Gains as Crude Oil Prices Look Past OPEC+ Cut Bets

The Canadian Dollar rose as crude oil prices looked past OPEC+ output cut recommendations, focusing on development in the TSX. Ahead, the Australian Dollar eyes Chinese trade data.

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US Dollar Forecast: NFP Report & FOMC in Focus – USD Trade Levels

The US Dollar has staged an impressive rally year-to-date, but USD price action is at risk with the monthly NFP report on deck for release as it can materially sway FOMC monetary policy expectations.

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Dow Jones, Nasdaq 100, S&P 500 Forecast: Resistance Looms at Record Levels

The Dow Jones, Nasdaq 100 and S&P 500 have undergone considerable volatility as of late, but a quick reversal in risk appetite has allowed them to reclaim much of their losses.

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NFP: Nonfarm Payrolls Drives the US Dollar & Currency Volatility

Several fundamental forces can impact the US Dollar, but the monthly release of nonfarm payrolls in particular is a frequent driver of USD price action that tends to spark above-average currency vo...

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Canadian Dollar Price Outlook: USD/CAD Bulls Targeting Trend Extremes

Canadian Dollar is poised to fall for a fifth consecutive week with USD/CAD eyeing key resistance targets. Here are the levels that matter on the Loonie weekly chart.

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US Dollar Returns to Resistance, NFP on Deck: EUR/USD, USD/JPY

US Dollar bulls have come back to the table this week, and tomorrow brings the big one in Non-Farm Payrolls.

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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...