Risk sentiment has taken a turn for the worse with global equities coming under heavy selling pressure to begin the week.
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Monday, 24 February 2020
Gold Gap-and-Go Breakout: XAU Fresh Highs as Coronavirus Fear Spreads
US markets are waking up to the fact that Coronavirus may be more than a passing risk, and Gold prices are fully reflecting the fear that's continued to build.
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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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British Pound (GBP) Latest: GBP/USD Levels to Watch, Brexit Focus Returns
GBP/USD under pressure to begin the week with tensions between the EU and UK set to drive price action in the short run as Brexit focus returns
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Euro May Fall if IFO Data Shows COVID-19 Infecting Outlook
The Euro may fall if German IFO data reflects rotting sentiment as panic about the coronavirus continues to spread and further pressures the Eurozone’s growth trajectory.
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Sunday, 23 February 2020
Crude Oil Slips as Markets Fret Virus Spread, Chance of Production Cuts
Crude oil markets remained focus on the spread of the coronavirus beyond its origins in China as South Korea increased its alert level in the face of more infections.
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Gold Price Rally Pushes RSI Into Overbought Territory
The price of gold may exhibit a bullish behavior over the remainder of the month as the RSI breaks out of a bearish formation and pushes into overbought territory.
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US Dollar Aims Higher vs NOK on Growth Outlook, Coronavirus
The US Dollar may rise against the Norwegian Krone and Swedish Krona in the week ahead as panic about the coronavirus inflames demand for anti-risk FX at the expense of cycle-sensitive assets.
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USD May Rise as SGD, MYR and IDR Nervously Face Capital Outflow Risks
The US Dollar rose as the Singapore Dollar, Malaysian Ringgit, Indonesian Rupiah and Philippine Peso fell. Emerging market capital outflows and the Fed’s repos are a key risk to the latter.
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AUD/USD Outlook Mired Ahead of RBA as RSI Slips into Oversold Zone
AUD/USD may face a more bearish fate ahead of the next Reserve Bank of Australia (RBA) meeting on March 3 as the RSI slips into oversold territory.
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EUR/USD Bottom Found? Euro and British Pound Outpace US Dollar
The Euro and British Pound rose as the US Dollar fell after a dismal gauge of U.S. business activity. EUR/USD may reverse its near-term downtrend given upside confirmation.
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Japanese Yen, XAU/USD Surge as Stocks Plunge on COVID-19 Risks
The Japanese Yen and gold prices spiked at the expense of cycle-sensitive assets like the New Zealand Dollar and S&P 500 futures as news about the spread of the coronavirus paralyzed risk appetite.
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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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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 -...