Copper prices are rapidly approaching a 17-year uptrend as concern about the coronavirus threatens to thwart global stabilization and demand for the growth-oriented commodity.
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Tuesday, 25 February 2020
EUR/USD Rate Rebound Unfolds After Filling Price Gap from 2017
EUR/USD pares the decline from earlier this month after filling the price gap from 2017, and the rebound may gather pace as the RSI bounces back from oversold territory.
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British Pound, Euro, Yen Gain as US Dollar Weakens in Tense Session
The British Pound, Euro and Japanese Yen rose versus the US Dollar. Coronavirus fears sank stocks and increased Fed rate cut bets. The GBP/USD technical bias still points lower.
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US Dollar Forecast: DXY Index Drifts Lower on Fed Rate Cut Bets
The US Dollar extended lower after disappointing consumer confidence data encouraged forex traders to reiterate the recent runup in Fed rate cut bets amid festering coronavirus concerns.
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Dow Jones, Nasdaq 100, S&P 500 Extend Declines as Rout Deepens
After falling more than -3% on Monday, stocks extended lower on Tuesday despite an early attempt at recovery. With the virus spreading and economies slowing, can stocks slow their descent?
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US Dollar Price Action Setups: EUR/USD, USD/CAD, USD/JPY, GBP/USD
Markets remain on the run as a bevy of risk items have come into view. This webinar looks across the macro landscape while focusing around the US Dollar.
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Crude Oil Price Clings to Support as Demand Outlook Dwindles
Crude oil has been battered in recent weeks as the demand outlook for the commodity falls under pressure amid the global diffusion of the coronavirus. Can support stall the decline?
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Sterling Price Outlook: British Pound Threatens GBP/USD Breakout
Sterling defended the 1.29-handle again this week with the recovery now eyeing downtrend resistance. Here are the levels that matter on the GBP/USD technical charts.
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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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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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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....