Tuesday, 25 February 2020

US Dollar Drops on Consumer Confidence Miss

The Conference Board Consumer Confidence Index printed a reading of 130.7 for February, missing expectations of 132.2

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US Recession Watch: Recession Odds Rekindled as Coronavirus Festers

Risk of recession rises following a contraction in US business activity. How might this impact the US Dollar as economic fallout from the coronavirus radiates across the global supply chain?

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GBP/USD Rise Curbed, EUR/USD Dips, Stock Market Bounce Fades - US Market Open

Global equities fade initial bounce as concerns continue to mount. GBP/USD range narrows. EUR/USD eases.

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US Dollar Price Action Pulls Back - Trade or Fade: EUR/USD, USD/CAD

It's been a busy year already in the FX market as volatility has begun to rise. But with risk aversion front and center, can USD bulls drive DXY beyond 100?

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Market Sentiment Still Weak on Virus Fears | Webinar

Trader confidence remains weak as fears persist that the coronavirus outbreak is spreading and will damage the global economy.

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Japanese Yen Forecast: Safe-Haven Battle May See USD/JPY Extend Drop

Global equities plunge however, spill-over into currency markets have been tame. Japanese Yen may play catch-up.

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British Pound (GBP) Latest: Trading Sideways Ahead of Key Brexit Talks

GBP/USD remains stable despite turmoil in the markets elsewhere on concerns about the coronavirus. Looking ahead, Brexit talks next week could determine the future course of the pair.

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Euro Outlook Somber as COVID-19 Threatens EU Corporate Debt

The Euro may face additional selling pressure if elevated risks from the coronavirus pressure highly-indebted European corporate entities against the backdrop of faltering regional growth.

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Monday, 24 February 2020

Gold Slips Despite Stocks' Virus Hit As Market Hopes For Wall St Bounce

Gold prices struggled despite Wall Street’s terrible Monday as stock futures flagged a stronger start for both Europe and the US.

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Crude Oil Price Outlook Hinges on OPEC Meeting

Efforts by OPEC and its allies may keep the price of oil afloat if the group takes additional steps to rebalance the energy market.

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US Dollar, USD/MYR Outlook: Malaysia Eyes Coronavirus, Political Risks

The US Dollar may rise against the Malaysian Ringgit after Prime Minister Mahathir Mohamad resigned. Bank of Malaysia may cut rates on coronavirus fears with fiscal stimulus uncertain.

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Bitcoin, Ripple, Ethereum Forecast: BTC/USD, ETH/USD, XRP/USD

Bitcoin and Ethereum have retreated from multi-month highs and are both entering trend-defining compression zones while Ripple inches closer to support after its impressive rally.

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Australian Dollar, ASX Recouple In Misery As Coronavirus Spreads

The ASX 200 stock index hit record highs this year but those days seem unlikely to return anytime soon as even equity buckles before the coronavirus outbreak.

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NZD/USD Rate Rebound Vulnerable to New Zealand Trade Balance Deficit

NZD/USD may struggle to retain the rebound from the monthly low (0.6303) as New Zealand is expected to post a trade deficit in January.

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Canadian Dollar May Fall as Crude Oil Eyes Downtrend Resumption?

The Canadian Dollar may be at risk as crude oil prices appeared to resume the steep decline from January. The Yen soared as coronavirus woes plunged stock markets across the globe.

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USD Forecast: US Dollar Drops on Fed Cuts, Consumer Confidence Eyed

Consumer confidence data due for release during Tuesday's trading session could weigh materially on Fed rate cut bets and thus the US Dollar as coronavirus concerns mount.

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Canadian Dollar Price Outlook: USD/CAD Bounces on Risk Aversion

The US Dollar rose against its Canadian counterpart on Monday as widespread risk aversion spread across capital markets, but longstanding resistance stands narrowly overhead.

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US Recession Watch: Recession Odds Rekindled as Coronavirus Festers

Risk of recession rises following a contraction in US business activity. How might this impact the US Dollar as economic fallout from the coronavirus radiates across the global supply chain?

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USD/MXN Price Analysis: US Dollar Spikes to 11-Week High vs Peso

Spot USD/MXN price action hits an eleven-week high with the US Dollar spiking 3.5% against the Mexican Peso over the last four trading days to test its 200-DMA as coronavirus concerns run rampant.

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Nasdaq 100 Forecast: Stocks Plunge on Coronavirus Fears

Stocks suffered a massive gap lower on Monday as investors express concern over the global spread of the coronavirus. Will stocks continue lower alongside the broader economic impact?

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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...