Risk of recession rises following a contraction in US business activity. How might this impact USD price outlook as economic fallout from the coronavirus radiates across the global supply chain?
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Friday, 21 February 2020
Australian Dollar Data Drought Leaves Virus Headlines in Charge
The Australian Dollar remains severely weighed down by coronavirus worries and a lack of domestic data points will probably keep that story in the driving seat.
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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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US Dollar Drops on Weak PMI Data, Coronavirus Hits Confidence
The US Dollardr opped this morning as PMI figures crossed the wires. The US business and services sectors dropped sharply in February, according to Markit Economic.
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S&P 500 Sent Worrying Signal by Bond Market, USD/KRW Rises - US Market Open
Equity markets are softer as investors continue to fret over the spread of the coronavirus.
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Australian Dollar Forecast: Key AUD/USD Levels to Watch as Breakdown Unfolds
Australian Dollar has remained under pressure amid the rising concerns over the spread of the Coronavirus, while domestic data has also softened.
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British Pound (GBP) Latest: GBP/USD Battling a Rampant US Dollar
GBP/USD is being steered by a strong US dollar and Sterling bulls are finding life difficult. Today’s UK and US PMIs are likely to decide sentiment going into the weekend.
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Thursday, 20 February 2020
Euro May Fall on Eurozone PMIs as Coronavirus Stokes Recession Fears
The Euro may fall on Eurozone PMI data as regional recession fears mount amid the coronavirus outbreak. However, the US Dollar may extend its rally if upbeat data brightens the growth outlook.
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Crude Oil Prices Down, Near Term Production Cut Hope Fade
Crude oil prices were hit by worries about the spread of coronavirus both within China and beyond. South Korea saw cases rise for a second straight day.
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British Pound Forecast: GBP/USD, EUR/GBP, GBP/CHF
GBP/USD may fall as the pair tests key support with EUR/GBP facing what could be near-term selling pressure as GBP/CHF enters an intensifying compression period.
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Australian Dollar Outlook May Deepen Bearish, AUD/USD Clears Support
The Australian Dollar outlook may shift further bearish after AUD/USD took out key support. This followed a broadly pessimistic day in stocks as the haven-linked US Dollar soared.
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US Dollar Volatility Report: USD Price Analysis & Trading Levels
King Dollar reiterates its reign over the global FX market as USD price action flexes its muscle and drives the DXY US Dollar Index within reach of the ominous 100.00 handle.
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US Dollar Price Action Setups: EUR/USD, USD/CAD, USD/JPY
It's been a busy couple of days in global markets with a huge breakout in USD/JPY following prior breakouts in Gold and a breakdown in EUR/USD.
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Dow Jones & Nasdaq 100 Drop as Volatility Spikes, Will Support Hold?
Stocks plunged on Thursday before buyers quickly returned to stem the bleeding. Still, the initial move allowed bears to test support, will it hold through subsequent challenges?
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US Dollar Rises, AUD/USD & GBP/USD Suffers - US Market Open
US Dollar remains rampant, AUD/USD slumps on rising unemployment rate, GBP/USD fails to find support from strong retail sales.
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Canadian Dollar Price Analysis: Loonie Drops, USD/CAD Turn or Burn?
USD/CAD has been pulling back as the US Dollar has put in a blistering up-trend over the past week. Are buyers taking a break or pulling back altogether?
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Dow Jones Forecast: Key Levels to Watch
US equities marginally lower as Coronavirus spreads. Eyes on Dow Jones Weekly Low as index remains vulnerable to the downside.
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Euro Price Analysis: EUR/USD May be Oversold in The Short-Term
EURUSD filled the ‘Macron gap’ earlier in the session, achieving its short-term downside objective. The chart shows the pair as extremely oversold, but will Friday’s PMI data kick the Euro lower ag...
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British Pound (GBP), FTSE 100 Latest: Return of Inverse Correlation
For a while it looked as though the inverse correlation between GBP/USD and the FTSE 100, where if one fell the other rose, had broken down. Now it’s back.
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Euro Price Outlook: EUR/USD, EUR/GBP Levels Ahead of ECB Minutes
The Euro may recover against the US Dollar and British Pound ahead of the release of the ECB meeting minutes after EUR/GBP and EUR/USD faced severe selling pressure.
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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...
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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...