Norwegian Krone Plunges vs US Dollar, Euro on Covid-19 Outbreak

The petroleum-linked Norwegian Krone is the worst performing G10-currency this year and has plunged against the US Dollar and Euro amid a market-wide decline in risk-oriented assets.

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AUD/USD Remains Vulnerable as RSI Pushes Deeper into Oversold Zone

The current environment may keep AUD/USD under pressure especially as the Relative Strength Index (RSI) pushes deeper into oversold territory.

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Yen Sinks, USD/JPY Nears 2019 Peak. AUD/USD Gains on More RBA Stimulus

The Japanese Yen fell as the haven-linked US Dollar benefited the most amid global economic uncertainty as USD/JPY soared back towards the 2019 peak. AUD/USD gained on an RBA bond-buying plan.

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Canadian Dollar Forecast: USD/CAD Stalls Near 2016 High, Will it Reverse?

USD/CAD exploded higher this week as volatility surged and crude oil collapsed further. Now, the pair has slowed its ascent near the 2016 high and is showing signs of weakness.

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US Dollar Climbs as EUR/USD Eyes 2017 Low, USD/JPY & USD/MXN Explode

Another surge in the US Dollar is boosting the DXY Index toward three-year highs amid the coronavirus-driven cash crunch that’s steering EUR/USD lower while USD/JPY and USD/MXN rise.

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Gold Price Outlook: XAU Continues to Tank, Nears Seven Month Lows

Gold has gotten crushed over the past ten days. Despite a safe-haven run, the dash for cash has taken almost 15% out of Gold prices in less than two weeks.

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Crude Oil on Pace for Worst Monthly Decline in its History

Crude oil plummeted to its lowest level since 2002 on Wednesday before bouncing off the $20 mark alongside a modest gain in stocks. Still, the commodity is vulnerable.

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S&P 500 Price Outlook: Coronavirus Panic Selling Erases Trump Rally

S&P 500 plunged more than 30% as the Coronavirus panic sell-off drives the index into support at three-year lows. Here are the levels that matter on the SPX500 charts.

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GBP/USD: Pound Sterling Pops as BoE Cuts Rates to 0.1%, Boosts QE

GBP price action jumped immediately after the Bank of England, or BoE, announced an emergency 15-basis point interest rate cut and increase to its bond purchase program.

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Coronavirus Crisis Forces BoE to Cut Rates and Increase QE, GBP/USD & FTSE 100 Rise

Spread of coronavirus forces the Bank of England to deliver yet another emergency rate cut, following in the footsteps of the Federal Reserve.

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Australian Dollar Whipsaws on Latest Stimulus, Eyes on Currency Intervention - US Market Open

AUD/USD Whipsaws, RBA Announce Stimulus Package, Eyes on Currency Intervention and US Data to Show Coronavirus Impact

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EUR/USD Plunges to Multi-Year Lows, German GDP Predicted to Slump in Q2

EUR/USD has finally succumbed to a variety of negative drivers and broken below the important April 2017 low. Markets continue to test central bank’s resolve.

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Coronavirus QE: FTSE 100, FTSE MIB Relief Rally to be Faded

Modest gains stemming from ECB’s large stimulus package. However, the relief rally is likely to come back under pressure.

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US Dollar (USD) Latest - King Dollar Continues to Flex its Safe-Haven Muscles

The US dollar rally continues as investors continue to rush for USD liquidity, crushing a range of FX-pairs in its wake.

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British Pound (GBP) Latest: Attempting to Stabilize After Huge Losses

Sterling has been one of the weakest of the major currencies as the coronavirus pandemic has spread. However, it is showing signs of stabilizing in early European trading Thursday.

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Euro at Risk Ahead of German IFO Data and SNB Rate Decision

The Euro may extend its decline vs the US Dollar and Swiss Franc if German IFO data sends a chilling message about regional growth against the backdrop of the SNB rate decision.

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Gold Prices Down Despite Forceful Coronavirus Stimulus Surge

Gold prices remain vulnerable to broad market sentiment despite an increasing level of fiscal and monetary support form the world’s economic authorities.

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EUR/USD Eyes 2020 Low Amid Limited Reaction to ECB’s Emergency Program

EUR/USD continues to approach the 2020 low (1.0778), with the exchange rate showing a limited reaction to the ECB’s Pandemic Emergency Purchase Programme (PEPP).

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Australian Dollar Steady As RBA Makes Expected Coronavirus Rate Cut

The Australian Dollar market had been certain that a second interest rate reduction was coming this month. It was right. The Official Cash Rate has been trimmed to 0.25%.

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Copper Prices Broke 17-Year Uptrend Amid Coronavirus Pandemic

Copper prices broke a 17-year uptrend after the growth-linked commodity suffered its largest single-day loss since 2008 as the coronavirus pandemic disrupts economic activity.

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