Wednesday, 4 March 2020

British Pound (GBP), FTSE Latest: London Stocks Higher but Sterling Flat

The FTSE 100 index of leading London-listed stocks is moving higher while Sterling remains stable as attention turns to a probable UK interest rate cut this month.

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Euro May Retrace Gains on Eurozone PMI, EU-US Trade Tensions

The Euro may erase some of its recent gains vs the US Dollar on soft Eurozone PMI data and a chilling message from the EU Trade Commission Phil Hogan.

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Tuesday, 3 March 2020

Gold Prices Eye BOC After Fed Rate Cut Amid Coronavirus Fears

Gold prices tend to thrive when global interest rates head lower. Australia and the United States have seen reductions this week. Will Canada join them?

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USD/CAD Levels to Watch Ahead of Bank of Canada (BoC) Meeting

USD/CAD may continue to retrace the decline from the May high (1.3565) as a bull flag formation unfolds ahead of the Bank of Canada (BoC) meeting.

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EUR/USD, USD/CAD, USD/JPY Outlook: US Dollar Trader Positioning

EUR/USD may rise as USD/CAD and USD/JPY decline based on signals from trader positioning. What is the road ahead for the US Dollar incorporating IG Client Sentiment readings?

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US Dollar Analysis: USD/SEK, USD/NOK Charts After Fed Rate Cut

The US Dollar may extend its decline vs the Swedish Krona and Norwegian Krone as USD/SEK and USD/NOK continue to fall after the Fed unexpectedly slashed interest rates by 50 bps.

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Gold Price Eyes Yearly High Following Federal Reserve Rate Cut

The price of gold approaches the yearly high ($1689) as the Federal Reserve delivers an unexpected 50bp rate cut ahead of its interest rate decision on March 18.

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Australian Dollar Gains as 4Q GDP Tops Forecasts, Coronavirus Limits Impact

The Australian Dollar got a modest lift when official growth figures showed that its home economy headed into the coronavirus crisis in better shape than economists thought.

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Japanese Yen Outlook: USD/JPY May Fall Despite Fed Emergency Cut

The Japanese Yen rose and stocks fell despite an emergency Fed 50-bp cut as the Canadian Dollar sank with crude oil. The USD/JPY technical outlook is biased lower with AUD/USD at risk.

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US Dollar Forecast Post-Fed Rate Cut: AUD/USD & USD/CAD Eyed

AUD/USD, USD/CAD and the DXY Index could be at risk of whipsawing after the Fed announced an emergency 0.5% interest rate cut that caused the US Dollar to collapse.

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New Zealand Dollar Forecast: NZD/USD Declines Despite Fed Cut

The New Zealand Dollar is suffering as risk aversion blankets markets as coronavirus fears trump an emergency 50 basis point rate cut from the US Federal Reserve

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XAU/USD: Gold Glistens as FOMC Cuts Rates to Combat Coronavirus

Spot gold (XAU/USD) is skyrocketing on the back of an emergency FOMC interest rate cut, but can gold prices continue climbing amid Fed capitulation in response to the novel coronavirus outbreak?

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Dow Jones, Nasdaq 100, S&P 500 Swing Wildly After Emergency Rate Cut

Stocks swung wildly following an emergency Fed rate cut that marked the first intra-meeting reduction to the Federal Funds rate since Lehman Brothers collapsed in 2008.

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US Dollar, Dow & Gold React as Fed Delivers Shock 50bps Cut

The Fed just delivered an unexpected 0.5% interest rate cut as global central banks step up to the plate to counter the economic toll from the coronavirus outbreak. How are USD, the Dow and Gold re...

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USD/ZAR Rises, South Africa Enters Recession, AUD/USD Jumps on RBA Cut - US Market Open

G7 Finance Ministers and Central Bankers announced that they would close monitor the impact of the coronavirus and act if necessary.

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US Dollar, S&P 500 Attempt to Stabilize from February Funk

A brutal two-week-stretch may soon be nearing resolution following a G7 conference call this morning. Will US stocks continue to recover?

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Market Sentiment Poised on a Knife Edge | Webinar

Market confidence remains fragile as traders decide whether central bank action will be enough to calm fears about the economic impact of the coronavirus outbreak.

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GBP/USD, USD/JPY, NZD/USD Technical Outlook & More

GBP/USD is testing support, USD/JPY at risk of further losses, NZD/USD sitting on a 20-yr trend-line; technical developments were discussed today as well.

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G7 Meeting - Will They Announce Coordinated Interest Rate Cuts?

The Group of Seven (G7) finance ministers are taking part in a conference call today to agree how to tackle the economic effects of the coronavirus. And coordinated interest rate cuts may be on the...

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DAX & FTSE 100 Outlook: Potential Coordinated G7 Action to Curb Coronavirus Impact

G7 Finance Ministers and Central Bankers are planning a call to discuss the coronavirus, which will take place from 1200GMT.

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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...