Wednesday, 11 March 2020

NZD Consolidates After Flash Crash as RBNZ Unveils Unconventional Tools

NZD/USD may face headwinds over the coming days as the Reserve Bank of New Zealand (RBNZ) appears to be on track to combat the coronavirus.

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Yen, US Dollar Gain. Virus Pandemic Pushes Wall Street to Bear Market

The Japanese Yen soared as North American markets joined their European counterparts in entering a bear market. Is the US Dollar starting to benefit from aggressive risk aversion?

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Canadian Dollar Price Forecast: USD/CAD Ascent Slows at Resistance

USD/CAD exploded higher this week as volatility surged and crude oil collapsed, in a move that will likely pressure the Canadian economy.

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ECB Preview & Euro Forecast: Will Lagarde Respond to COVID-19?

The ECB, led by Christine Lagarde, is teed up to give markets its latest monetary policy update Thursday, March 12 at 14:45 as the coronavirus pandemic intensifies. Where is the Euro headed?

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Nasdaq 100 & DAX 30 Forecast: Indices Grasp for Support in Bear Markets

Stock volatility looks primed to persist in the days ahead as central bankers and government officials deliberate on further action as indices spiral into bear market territory.

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Dow Jones Drops Into Bear Market, Virus Fears Drag Sentiment

The Dow Jones dropped into bear market territory on Wednesday bringing the 11-year bull market to a screeching halt

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FTSE 100 vs FTSE 250: What Outperforms When Bank of England Cuts Rates

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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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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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...