Sunday, 23 February 2020

US Dollar, Euro, Gold, Dow Forecasts & More for the Week Ahead

The coronavirus outbreak and its corresponding impact on global GDP growth outlook will likely linger as a key theme to watch over the coming trading sessions.

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Dow Jones, Nasdaq 100, DAX 30, Nikkei 225 Forecasts for the Week Ahead

Last week saw stocks unravel as some of the globe’s major economies stumbled and coronavirus concerns rampaged. Will stocks continue lower in the week ahead?

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Saturday, 22 February 2020

USD/MXN Outlook: Growth to Return to Mexico in 2020

The Mexican economy contracted for the first time in almost 10 years in 2019, but growth is expected to pick up in 2020 according to its finance minister.

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Gold Forecast: Bullion Bid on Recession Risk, Inverted Yield Curve

Gold might extend its advance – even after climbing to its highest level in seven years – as an inverted yield curve rekindles recession fears amid the ongoing coronavirus outbreak.

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Euro Weekly Outlook: No Sign Yet of a Significant Rally

EUR/USD has been weakening since the start of 2020 and the decline has accelerated this month. At some point there will be a correction but further losses are still likely as the year progresses.

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USD Weekly Price Forecast: The US Dollar's Attraction Remains Strong

The status of the US dollar as the safe-haven asset of choice remains untouched and any weakness in the greenback is likely to be short-lived.

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Friday, 21 February 2020

Crude Oil Torn Between Iran Election, Coronavirus and G20 Summit

Crude oil prices may rise on supply-disruption fears after the outcome of the Iran election, but infected sentiment from coronavirus fears may derail Brent’s recovery ahead of the G20 summit.

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USD Forecast: US Recession Odds Rekindled as Coronavirus Festers

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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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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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...