AUD/USD Slips to Fresh 2020 Low as RSI Dips Deeper into Oversold Zone

AUD/USD may continue to exhibit a bearish behavior as the Relative Strength Index (RSI) pushes deeper into oversold territory.

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Swiss Franc, Gold Up As Trump Coronavirus Speech Fails To Reassure

The Swiss Franc joined other anti-risk assets in gaining after Donald Trump’s speech on the US coronavirus response underwhelmed markets reeling from big equity losses.

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Yen May Rise as Most New Coronavirus Cases Emerge Outside of China

The Yen may rise after the WHO reported that most new coronavirus cases are now emanating outside of China. S&P 500 futures are pointing lower with Thursday’s session in focus.

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Australian Dollar Forecast: AUD/USD, AUD/CAD, AUD/JPY

Widespread risk aversion has worked to undermine the Australian Dollar as it grapples with longer term support across multiple pairs.

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Recession Watch: US 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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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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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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