Tuesday, 18 February 2020

US Dollar Bulls Continue to Push; EUR/USD Finds Fibonacci Support

US data has been good but expectations remain for the FOMC to cut in 2020; yet the US Dollar continues to march higher as EUR/USD breaks down.

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Market Sentiment Hit by Coronavirus and Apple | Webinar

Trader confidence has taken a hit from ongoing worries about the possible damage to the global economy from the coronavirus outbreak and a sales warning from Apple.

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Euro Price Outlook: EUR/USD Hits Multi-Year Low as ZEW Sentiment Data Plummets

The European single currency is likely to come under increased downward pressure after the latest ZEW sentiment data missed expectations by a wide margin.

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British Pound (GBP) Latest: Outlook Worsens as Coronavirus Worries Rise

GBP/USD is slipping lower and could fall further as risk assets suffer and safe haven demand rises on renewed concerns about the spread of the coronavirus.

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Japanese Yen May Add to Gains, Walmart Eyed After Apple Shock

The Japanese Yen may add to gains if Walmart echoes worries about the impact of the Wuhan coronavirus after Apple said it will force a miss of revenue forecasts.

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Monday, 17 February 2020

Gold Prices Get Boost as Apple Warning Sharpens Virus Fears

Gold prices were well supported in any case but the US tech leader’s admission that the coronavirus has hit its Chinese suppliers saw the metal move up.

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EUR/USD Eyes Price Gap from April 2017 as RSI Sits in Oversold Zone

EUR/USD appears to be on track to fill the price gap from April 2017 as the Relative Strength Index (RSI) sits in oversold territory.

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USD/CAD Rate Forecast: Levels to Watch as RSI Offers Bearish Signal

USD/CAD may continue to give back the advance from the start of the year as the Relative Strength Index (RSI) offers a bearish signal.

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Australain Dollar Steady as RBA Minutes Flag Coronavirus Uncertainty

The Australian Dollar didn't get much impetus either way from a set of minutes from the Reserve Bank of Australia's last monetary policy meeting which stuck largely to familiar themes while acknowl...

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Yen, Gold Prices May Rise as Apple Sees Revenue at Risk on Coronavirus

The Japanese Yen and gold prices rose as Apple said that it is expected to miss revenue guidance amid the coronavirus. AUD/JPY may fall after closing under near-term support.

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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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A Brief History of Major Financial Bubbles, Crises, and Flash-crashes

Learn the history of financial bubbles, manias and financial crises and filter them by market in our interactive timeline.

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Impact of Virus Outbreaks: S&P 500, Gold, Oil and Currency Analysis

Coronavirus has rattled financial markets. We look at previous virus outbreaks to gauge its potential impact on the S&P 500, Gold, Oil and Currencies.

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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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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...