Friday, 6 March 2020

Australian Dollar at Mercy of COVID-19 as China's Economy Slows

The AUD continues to be held hostage by the coronavirus as it undermines Chinese demand – the source of Australia’s economic vitality – and destabilizes the global recovery.

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Dow Jones, S&P 500 Forecast: Healthcare Stocks Pop After Super Tuesday

The Dow Jones and S&P 500 are trapped in a series of highly volatile trading sessions that has seen stocks falter. Still, political developments bolstered one sector in an otherwise ugly week.

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Canadian Dollar Outlook: USD/CAD at Highs – Breakdown Brewing?

Spot USD/CAD price action is ping-ponging around a critical technical level, which presents breakout or breakdown potential, as forex traders digest conflicting fundamental developments.

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S&P 500 at the Precipice as Coronavirus Uncertainty Permeates Markets

The S&P 500 put in an early week bounce that could not hold, even with the Federal Reserve announcing an emergency rate cut of 50 basis points. Markets are in disarray ahead of the weekend.

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Oil Prices Sink over 7 percent as OPEC Talks Crumble

Oil sinks over 7 percent as OPEC+ members fail to reach production cut agreement of 1.5 million barrels per day

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February US Non-Farm Payrolls (NFP) Prints at +273k

This morning brought the release of February Non-Farm Payrolls numbers.

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Canadian Labor Market: 30.3k Jobs Added in February Following BOC’s Rate Cut

This morning brought the release of net change in employment out of Canada to the tune of 30.3k vs the expectation of 11k.

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NFP: Nonfarm Payrolls Drives the US Dollar & Forex Volatility

Several fundamental forces can impact the US Dollar, but the monthly release of nonfarm payrolls in particular is a frequent driver of USD price action that tends to spark above-average forex volat...

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US Dollar Dethroned, Japanese Yen Soars as US Rates Implode

Uncertainty remains rife across global equity markets as US yields implodes. Japanese Yen and Euro jump as US Dollar Slides

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EUR/USD Price Soars as US Bond Yields Crumble to Record Lows

The US dollar is getting crushed in early trade and other G7 currencies are soaring against the greenback. EUR/USD continues its march higher as US Treasury yields freefall.

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US Dollar, Gold Price, S&P 500 Outlook: Impact of Emergency Fed Rate Cuts

Federal Reserve Delivers Emergency Rate Cut. How does the S&P 500, US Dollar and Gold Prices Typically Perform?

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British Pound (GBP) Latest: FTSE 100 Slumps, Sterling Rally Continues

The financial markets remain in turmoil ahead of the weekend with equity markets continuing to plunge and safe-haven assets continuing to soar. Later today, the latest NFP report should add to vola...

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Thursday, 5 March 2020

US Dollar Analysis Ahead of Nonfarm Payrolls: What to Expect?

The US Dollar may fall if nonfarm payrolls data for February prints a dismal figure, further inflaming global slowdown fears and increasing the urgency for additional Fed easing.

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Crude Oil Prices at Risk on OPEC, Russia Spat. US Jobs Data Due

Crude oil prices may face selling pressure as OPEC and Russia clash over additional output cuts amid coronavirus worries. US jobs data may not help.

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USD May See Record High Versus Indian Rupee After RBI Seized Yes Bank

The US Dollar may find itself at record highs against the Indian Rupee after the RBI seized Yes Bank amid the coronavirus outbreak which is threatening local and global growth.

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NZD/USD Rate Rebound Unfolds as RSI Bounces Back from Oversold Zone

NZD/USD may stage a larger rebound over the coming days as the RSI bounces back from oversold territory and breaks out of the bearish formation from earlier this year.

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Yen Soars, USD/JPY and Dow Jones Sink. Investors Seek Shelter in Bonds

The Japanese Yen soared as the USD/JPY downtrend prolonged. The Dow Jones declined as investors sought safety at U.S. Treasury bill auctions. Asia Pacific equities may fall next.

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NFP Preview: US Dollar, Fed Rate Cuts Hinge on Jobs Data Due

The US jobs report for February is due this Friday at 13:30 GMT – will NFP data remain resilient amid growing coronavirus concerns? Or will employment falter and accelerate the Dollar’s freefall?

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How to Invest During a Recession: Investments & Strategy

Economic recessions are often accompanied by stock market crashes and extended periods of low returns. Here are some of the best investments to hold during a recession.

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Gold Price Forecast: Lower Rates, Lingering Risk Aversion to Boost XAU

Lower interest rates and lingering uncertainty could spur gold price gains in the weeks ahead as investors seek an inflationary hedge as the possibility of another rate cut looms.

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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...