Monday, 17 February 2020

EUR/GBP Price Action Likely to be Driven German ZEW, UK Jobs Release

Tuesday morning sees the release of two important sets of economic data that will likely steer EUR/GBP in the short-term. Will German economic sentiment stay at its current lofty level?

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Dow Jones, Crude Oil Prices, British Pound, Euro, Yen: Markets Week Ahead

The Dow Jones and Nasdaq 100 pushed to record highs, sending the Australian Dollar higher. The British Pound gained as the Euro weakened. Did crude oil prices find a bottom? What is the week ahead ...

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Cryptocurrency Latest: Bitcoin (BTC), Ripple (XRP) Weekend Price Slump

The cryptocurrency market turned sharply lower over the weekend, erasing last week’s gains. Looking ahead, the charts still suggest that bullish momentum is in place in the medium-term.

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Canadian Dollar Price Outlook: USD/CAD Continues to Test Support

USD/CAD is testing support in early turnover and now trades below the 20-day moving average, highlighting the current weakness in the pair.

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British Pound (GBP) Latest: French Official - UK-EU May 'Rip Each Other Apart'

French Foreign Minister Jean-Yves Le Drian has warned that the EU and the UK may ‘rip each other apart’ when trade negotiations begin next month and that an agreement by the end of the year will be...

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EUR/USD May Fall if Coronavirus Undermines Eurozone Growth

EUR/USD may extend its decline if the coronavirus negatively impacts growth just as the Eurozone was beginning to show signs of regional stabilization

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USD/MXN Outlook: Rate-Cut Highlights Mexican Peso Carry Trade Value

The Mexican Peso reinforces its carry trade value despite Banxico cutting rates by 25 basis points.

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Sunday, 16 February 2020

Crude Oil Prices Look To OPEC Cuts, Market on Virus Watch

Crude oil prices clocked up their first weekly rise of the year and are holding gains as the markets weigh hopes for deeper OPEC output cuts against demand headwinds from the Wuhan coronavirus outb...

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Gold Price Eyes Monthly High as Bearish Momentum Abates

The price of gold may attempt to break out of the monthly range as the bearish momentum appears to be abating.

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USD Aims Higher vs NOK and SEK on Fed Minutes, Iran Election

The US Dollar may reclaim some of its lost territory against the Swedish Krona and Norwegian Krone ahead of the release of the FOMC minutes and Iran election.

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US Dollar, USD/SGD, USD/IDR May Rise on FOMC Minutes and Repos

The US Dollar gained versus SGD and IDR despite a “risk-on” tone in markets, boosted by strong declines in the Euro. What is the week ahead for USD/SGD, USD/IDR, USD/PHP and USD/MYR?

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AUD/USD Rate Rebound in Focus Ahead of RBA Minutes as RSI Recovers

AUD/USD may extend the advance from the monthly low (0.6662) as the Relative Strength Index (RSI) recovers from oversold territory.

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USD/CAD Extends Top as Crude Oil Prices Rise, Yen May Gain Next

The Canadian Dollar rose with crude oil prices, extending the top in USD/CAD. The anti-risk Japanese Yen may gain if U.S. Airbus tariff hikes fuel market pessimism in Asia trade.

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Japanese Yen Holds On Despite Huge 4Q GDP Plunge

The Japanese Yen was perhaps surprisingly steady in the face of very weak domestic growth data. Its composure is perhaps explained by the likely lack of any change to BoJ policy.

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Will the Stock Market Crash in 2020?

The stock market enjoyed an incredible rally in 2019 despite a string of warranted concerns. While many have been resolved, some of the most worrisome remain. Will they cause a stock market crash i...

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Dow Jones, Crude Oil Prices, British Pound, Euro, Yen: Markets Week Ahead

The Dow Jones and Nasdaq 100 pushed to record highs, sending the Australian Dollar higher. The British Pound gained as the Euro weakened. Did crude oil prices find a bottom? What is the week ahead ...

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Dow Jones, Nasdaq 100, DAX 30 Forecasts for the Week Ahead

The week ahead will see the release of the Fed’s January meeting minutes which could offer insight on the central bank’s willingness to cut rates and expand the balance sheet – two crucial tailwinds.

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Crude Oil Price Outlook Mired by Coronavirus, Global GDP Growth

Crude oil price action has started to rebound as expected global GDP growth fallout stabilizes alongside market concern over the economic impact from the novel coronavirus outbreak, but will it last?

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USD/MXN Outlook: Rate-Cut Highlights Mexican Peso Carry Trade Value

The Mexican Peso reinforces its carry trade value despite Banxico cutting rates by 25 basis points.

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Saturday, 15 February 2020

Gold Weekly Forecast: A Growing Case For a Range Break

The price of gold has remained in check for the past couple of weeks and is looking to break a narrowing technical pattern, fueled by growing fears that the coronavirus is still spreading.

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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...