Thursday, 27 February 2020

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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Canadian Dollar Price Outlook: USD/CAD Breakout Targets Trend Extreme

Canadian Dollar remains on the defensive with a US Dollar breakout surging to four-month highs. Here are the trade levels that matter on the USD/CAD technical charts.

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US Dollar Price Analysis: USD Snaps Back, Will Buyers Bid Support?

The US dollar has seen a stark change-of-pace in price action as the February rally has come under fire, even as US yields drive to deeper record lows.

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EUR/USD Soars on Global Equity Panic Selling, Beware of Month-end Rebalancing - US Market Open

A sea of red yet again as global equities remain under heavy selling pressure. Month-end may provide equity bounce.

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Euro Price Action Analysis: EUR/USD Breaks Out - More Room to Run?

It was a hard and fast bearish trend in EUR/USD dominating for the first three weeks of February. But now that the pair has started to reverse - how long will sellers take a back seat?

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Coronavirus Impact: S&P 500, DAX, Gold and Crude Oil Outlook

The spread of the Coronavirus has prompted a sharp deterioration in risk appetite. Global equities and oil have plunged, while gold shines

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British Pound (GBP) Latest: GBP/USD at Risk with Volatility on the Rise

GBP/USD gains likely to be capped as UK/EU tensions are set rise as trade talks begin.

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Euro May Fall on Eurozone Confidence Data as COVID-19 Spreads

The Euro may fall if Eurozone confidence data for February shows it has been infected by the contagion of negative sentiment from the coronavirus as it spreads through the continent.

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Wednesday, 26 February 2020

Gold Prices Climb as Coronavirus Worries Deepen, US Data Eyed

Gold was as usual among the counter-cyclical haven assets to post gains as investors tracked the spread of coronavirus around the world and attempted to weigh its economic cost.

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Silver Price Chart Hints XAG/USD May Have Topped. What Next?

Silver prices retreated from key resistance after breaking out of a month-long downtrend, but the extent of the bearish correction may be more severe as XAG/USD eyes a one-year uptrend.

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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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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...