All Market Live

Wednesday, 19 February 2020

Gold Stays Close to 7-Year Highs As China Cuts Lending Rates

Gold prices remained well supported even as some monetary action by China aimed at heading off some of the coronavirus’ effects was announced.

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AUD/USD, NZD/USD Sink as China Rate Cuts Fail to Impress

The Australian and New Zealand Dollars slumped as China failed to impress markets worried about the coronavirus outbreak with a pair of rate cuts.

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Canadian Dollar Forecast: GBP/CAD, CAD/CHF, NZD/CAD, EUR/CAD

GBP/CAD has broken below the September uptrend while EUR/CAD may be ending its consecutive 12 day decline with EUR/CHF approaching key resistance as NZD/CAD aims at November lows.

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Australian Dollar Dips. Unemployment Ticks Up But Full Time Jobs Roar Back

The Australian Dollar slid as the overall unemployment rate edged up despite news that full time job creation surged in January.

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Japanese Yen Technical Outlook Still Points Higher as USD/JPY Soars

The Japanese Yen tumbled as USD/JPY aimed for 2019 highs, but JPY prices are still on average in an uptrend from 2018. AUD/USD may rise if Australian jobs data cools RBA rate cut bets.

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Gold Prices Surge to Key Resistance, Can XAU/USD Break Higher?

Gold prices are in the midst of a multiday run that has seen the precious metal probe resistance around the $1,610 mark that stalled a rally earlier this year. Can XAU surpass the barrier?

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US Dollar Extends to 3YR High on Fed Minutes, USD/JPY Breakout

The US Dollar broke higher on January’s Federal Reserve Open Market Committee Minutes with USDJPY extending to 111.54

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Japanese Yen Price Outlook: USD/JPY Breakout Underway– Trade Levels

The Dollar has surged 3.4% off the January low against the Yen with USD/JPY breaking to fresh yearly highs. Here are the levels that matter on the USD/JPY weekly chart.

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Dow Jones, S&P 500 Price Outlook: Prior Records to Act as Support

Despite a lackluster fundamental backdrop, stocks have continued to drive higher. Establishing new records frequently, the Dow Jones and S&P 500 can look to prior peaks as support moving forward.

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USD/MXN: Can Mexican Peso Rally Last Amid US Dollar Dominance?

A surging Mexican Peso has pushed USD/MXN price action nearly two percent lower so far this year despite broader US Dollar dominance, but can the downtrend in spot USD/MXN continue?

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Canadian Dollar Price Outlook: Loonie Presses USD/CAD Towards Support

Canadian Dollar has been building on last week’s reversal with price now targeting trend support. Here are the trade levels that matter on the USD/CAD technical charts.

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Manic Macro: USD/JPY Breaks Out, Gold Toes the Line, Oil Bulls Return

Gold prices are testing almost seven-year-highs and buyers have begun to return to Oil markets as a bit of optimism/hope has shown around Coronavirus.

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Dow Jones, Crude Oil, Silver Price Outlook & More

Stocks continue hang out near record highs, no reason to be bearish with prices pointed upward, crude oil recovery may continue, silver starting to break out and try and catch up to gold.

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Crude Oil Price Outlook Brightens, Trending Higher

The price of US crude oil (WTI) is continuing to trend higher and further gains now look likely on hopes that the coronavirus impact on global demand will be less than once feared.

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Gold Price Outlook: XAU/USD Probes a Seven-Year High - More to Go?

The price of gold broke out of a bullish technical set-up and nears levels last seen in March 2013. If nearby resistance is broken convincingly, then the rally may have further to run.

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British Pound (GBP), FTSE 100 Latest: Optimism Returns to London Stocks

GBP/USD has eased back to the 1.30 level while the FTSE 100 is trending higher as traders hope the coronavirus outbreak may be close to peaking.

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GBP/USD Outlook Gloomy Ahead of FOMC Minutes, UK CPI Data

The British Pound may fall against the US Dollar if UK CPI data underwhelms. GBP/USD’s decline may be amplified if the FOMC minutes reveal an unexpectedly hawkish Fed.

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