The Bank of England delivered a shock emergency rate cut to combat coronavirus. Outcomes differ for both the FTSE 100 and FTSE 250
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Wednesday, 11 March 2020
Sterling Price Outlook: British Pound Heavy on BoE- GBP/USD Support?
Sterling is testing a critical support pivot on the heels of an emergency rate-cut from the BoE. Here are the levels that matter on the GBP/USD technical charts.
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Recession Risk Intensifies as Crude Crashes & Coronavirus Festers
Recession risk could be ratcheting even higher after the price of crude oil crashed over 20% in a single day, which is likely exacerbating economic stress initially sparked by coronavirus concerns.
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Gold Price Outlook: XAUUSD Pulls Back, 1700 Looms Large - Gold Levels
Gold prices have finally run into a resistance level that can hold at the 1700 marker. But for how long might bulls remain in wait?
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S&P 500, DAX, Oil Outlook & More Amidst Global Rout
US stocks bounced hard yesterday, today will be an interesting test for not only US markets but the weaker global marketplace.
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Mexican Peso Latest: USD/MXN Price Spikes and Extreme Volatility Continue
The volatility in the Mexican Peso continues at extreme levels with huge intraday spikes, and slumps, showing on the daily chart.
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London Stocks, GBP Shrug Off Emergency Rate Cut Ahead of UK Budget
The FTSE 100 index of the major London-listed stocks and GBP/USD have failed to react strongly to the Bank of England’s surprise rate reduction, suggesting underlying weakness in UK equities.
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ECB President Lagarde Warns of Risks to Financial Markets from Coronavirus Epidemic
The President of the European Central Bank Christine Lagarde has warned about financial market risks from the ongoing coronavirus epidemic, one day before a crucial ECB monetary policy meeting.
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ECB Could Double Down on TLTROs to Combat Coronavirus Market Meltdown
Check out what the ECB has in store to combat COVID-19 economic impact ahead of tomorrow's monetary policy meeting
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British Pound (GBP) Drops as Bank of England Delivers Emergency Rate Cut
Spread of coronavirus forces the Bank of England to deliver an emergency rate, following in the footsteps of the Fed.
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British Pound May Rise on UK 2020 Budget: GBP Eyes Rishi Sunak
The British Pound may rise after Chancellor of the Exchequer Rishi Sunak announces the UK government’s 2020 budget amid the coronavirus epidemic and swelling BoE easing expectations.
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Crude Oil Prices Look to Trump Stimulus Plan for Direction
Crude oil prices are looking to the unveiling of a US fiscal stimulus plan crafted by the Trump administration to counter the coronavirus outbreak for direction cues.
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Tuesday, 10 March 2020
Gold Price Pullback Fizzles Amid Speculation for More Fed Rate Cuts
The recent pullback in the price of gold may prove to be short lived as the coronavirus fuels speculation for more Federal Reserve rate cuts.
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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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USD/CAD May Rise as USD/JPY and Dow Jones Fall on Trader Bets
The USD/CAD may rise as USD/JPY follows the Dow Jones lower based on signals in trader psychology. How does that compare with the fundamental and technical outlook from here?
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AUD/USD Outlook Clouded with Mixed RSI Signal Following Flash Crash
The RSI offers a mixed outlook following the AUD/USD flash crash as the oscillator deviates with price and breaks out of the downward trend from earlier this year.
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Dollar May Rise, Breakout in Focus. USD/JPY Has Best Day Since 2013
The US Dollar may rise after clearing resistance following the largest rally in USD/JPY in almost 7 years. Markets may shift focus to Democratic primaries heading into Asia trade next.
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US Dollar Outlook Mired as FX Volatility Returns with Vengeance
Currency volatility, or FX volatility, seems to have returned with vengeance and speaks to systemic uncertainty and risk that looms over the US Dollar and most liquid financial market.
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New Zealand Dollar Forecast: NZD/USD, NZD/JPY, NZD/CAD
Alongside other markets this week the New Zealand Dollar has experienced immense volatility as it whipsaws between support and resistance. Where is it headed in the days ahead?
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Dow Jones & Nasdaq 100 Forecast: Airlines, Banks and Shale at Risk
Stocks moved cautiously higher on Tuesday as traders sifted through the wreckage of Monday’s decline, but early gains met resistance, and three sectors remain particularly vulnerable.
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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...
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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...