Japanese Yen May Rise if COVID-19 Triggers a Credit Crisis

The Japanese Yen may rise if fear about the coronavirus causing a credit crisis puts a premium on liquidity and a discount on growth-oriented assets.

from DailyFX - Market News https://ift.tt/2Tl6mvD
via IFTTT

Asian Stock Prices Wilt Again As Coronavirus Routs Wall St.

Regional stock markets were naturally hammered following a scary day on Wall Street. Currencies were pressured too, but with broader differences in fortunes as markets price in lower US borrowing c...

from DailyFX - Market News https://ift.tt/2I39p6A
via IFTTT

USD/CAD Clears October High Ahead of BoC Meeting as Bull Flag Unfolds

USD/CAD may continue to retrace the decline from last year as a bull flag formation unfolds ahead of the next BoC meeting on March 4.

from DailyFX - Market News https://ift.tt/32ys6bp
via IFTTT

Euro Soars to Next Breakout Point as Dollar Sinks on Fed Easing Bets

The Euro soared in its best day in over 2 years with EUR/USD on the verge of a key bullish breakout. The US Dollar sank as coronavirus fears further juiced aggressive dovish Fed bets.

from DailyFX - Market News https://ift.tt/2PtabNZ
via IFTTT

Dow Jones Forecast: Stock Selloff Deepens to Historic Levels

The Dow Jones fell another 1,100 points on Thursday, extending the Industrial Average’s precipitous decline that began last week. Will stocks continue to fall?

from DailyFX - Market News https://ift.tt/2uAl6hK
via IFTTT

Gold Price Forecast: Bullion May Require Consolidation Before Further Gains

After surging on the back of coronavirus fears and risk aversion, gold has surrendered gains in recent days as it looks to consolidate before the next leg higher.

from DailyFX - Market News https://ift.tt/32uU73Q
via IFTTT

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?

from DailyFX - Market News https://ift.tt/3cjA1OD
via IFTTT

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.

from DailyFX - Market News https://ift.tt/2Pug8KM
via IFTTT

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.

from DailyFX - Market News https://ift.tt/32vtL1D
via IFTTT

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.

from DailyFX - Market News https://ift.tt/2vcRUOp
via IFTTT

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?

from DailyFX - Market News https://ift.tt/3cfgdeY
via IFTTT

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

from DailyFX - Market News https://ift.tt/396jQ4T
via IFTTT

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.

from DailyFX - Market News https://ift.tt/2T3ZrrS
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3cbBPcj
via IFTTT

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.

from DailyFX - Market News https://ift.tt/2VsguFE
via IFTTT

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.

from DailyFX - Market News https://ift.tt/397lWBy
via IFTTT

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.

from DailyFX - Market News https://ift.tt/2PpeE4o
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3cg1HUy
via IFTTT

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.

from DailyFX - Market News https://ift.tt/2T4L1rn
via IFTTT

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.

from DailyFX - Market News https://ift.tt/2PsaMjb
via IFTTT