Saturday, 29 February 2020

Euro Weekly Outlook: Awaiting EU Talks With UK, CPI and Jobs Data

EUR/USD had every reason to fall last week but strengthened instead. That suggests its upward momentum may neutralize fundamental weakness as difficult EU-UK trade talks begin.

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Gold Price Holds Near Yearly High Amid Growing Bets for Fed Rate Cut

The threat posed by the coronavirus may keep the price of gold afloat as the shock to the global supply chain fuels bets for lower interest rates.

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US Dollar Outlook Bullish as COVID-19 Spurs Haven Demand

The US Dollar may rally despite the downward pressure of increasing Fed rate cut bets as the coronavirus resurrects haven demand amid growing fear of a recession.

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Friday, 28 February 2020

Australian Dollar Eyes RBA and GDP But Coronavirus to Dominate

The Australian Dollar faces a packed week of important economic releases, but will even they be enough to shake the market away from the doleful coronavirus headlines?

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Crude Oil Price Outlook: Commodity Falls Deeper into Bear Market

Crude oil fell deeper into a bear market on Friday after suffering a critical break beneath support earlier in the week. With global growth threatened, where is the bottom for crude?

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Gold Prices Suffer Worst Daily Decline Since 2013, Virus Fears Forefront

Gold suffered its worst intraday drop since 2013, dropping over 3.5 percent as coronavirus fears grip markets.

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Stocks Crash as Dow Jones, S&P 500 Erase Months of Gains in Days

Stocks extended their losses on Friday as the Dow Jones and S&P 500 erased months of hard-fought gains in mere days in a rout that is the worst since 2008.

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As S&P 500 Crashes: What Can the Authorities Do to Stop the Bleeding?

The S&P 500 and US benchmark indices are suffering their worst slump since the Great Financial Crisis. As sentiment spreads, what can the authorities due to pull us back from the next panic?

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Canadian Dollar Rises on GDP Beat, Exports Flash Warning

This morning brought the release of GDP out of Canada to the tune of 1.9% vs the expectation of 1.6% YoY

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Dow Jones, USD/CAD, Gold & More: Charts for Next Week

The Dow is in historically oversold territory, USD/CAD working on a breakout, and gold is softening despite major risk-off.

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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), FTSE Latest: Outlook Bleak For Sterling and Stocks

The British Pound and London stocks are again, unusually, falling in tandem and the long-term outlook is bleak for both although the FTSE 100 is now heavily oversold and due for a near-term bounce ...

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DAX Outlook Grim as Stock Selloff Deepens on Coronavirus Fears

The DAX is at risk of continuing to aggressively decline as part of a broader trend of a selloff in global equities. Eurozone growth prospects continue to darken as COVID-19 spreads.

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Thursday, 27 February 2020

Crude Oil Prices Down as Coronavirus Spread Bites Growth Prospects

Crude oil prices joined all other risk-correlated assets in heading lower after Wall Street’s terrible Thursday. Gold was under a little rate pressure, but the market looks well underpinned.

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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.

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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...

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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.

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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.

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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?

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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.

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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...