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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Wednesday, 26 February 2020
DAX 30, FTSE 100, CAC 40 Forecasts for the Week Ahead
Global stock markets have suffered precipitous declines in recent days, erasing gains for the year as coronavirus concerns spread and investors seek safety. Here are the levels to watch.
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EUR/USD Firms on Carry Unwind, South African Rand (ZAR) Outlook Concerning - US Market Open
EUR/USD holds up despite coronavirus scare. South African Rand survives budget reaction. Australian Dollar underperforms
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Canadian Dollar Price Outlook: Loonie Drop Threatens USD/CAD Breakout
USD/CAD is threating a topside breakout and, if USD strength might return, the bullish side of USD/CAD can remain as an attractive venue in the near-term.
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Dow Jones, Crude Oil, Gold Price & More in Risk-off Mode
Global markets are plunging on the coronavirus with the Dow trading below its 200-day, crude oil flirting with long-term support, and gold pumped up on haven flows; a reversal may be near.
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USD/MXN - Mexican Peso at Risk vs US Dollar, Peso Bulls Near Record
Downside risks growing for Mexican Peso as coronavirus spreads to Latin America, alongside near record Peso bulls.
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British Pound (GBP) Latest: Creeping Higher Ahead of Brexit Talks
GBP/USD is continuing to rise gently ahead of Brexit negotiations next week between the EU and the UK that are expected to be difficult.
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Euro Forecast Gloomy as DAX Breaks Trend-Defining Support
The Euro may continue to fall against the regional anti-risk Swiss Franc as the DAX faces immense selling pressure after the index broke trend-defining support.
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Tuesday, 25 February 2020
Crude Oil Edges Back Under $50 as Markets Fret Viral Demand HIt
The crude oil market weakened perhaps a little less than its equity equivalent on Wednesday but fears that the coronavirus will hit demand hard still dominate.
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Bullish Gold Price Behavior to Persist as Coronavirus Spreads
Fears surrounding the coronavirus may keep the price of gold afloat as the outbreak dampens the outlook for global growth.
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Singapore Dollar Cautious Despite Major Industrial Production Bounce
The Singapore Dollar remained unmoved despite an incredible, 18.2% monthly rise for industrial production. The market remains focus on the coronavirus and leery of its likely impact on the city state.
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Yen Outlook Bullish, USD/JPY May Fall as S&P 500 Sees Dip Buying
The Japanese Yen may rise as the S&P 500 outlook risks shifting more bearish on signals in trader positioning. What is the road ahead for USD/JPY given the outbreak of the coronavirus?
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Copper Outlook Bleak as COVID-19 Threatens China Economy
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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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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