Monday, 23 March 2020

Dow Jones Rises, USD Drops as Fed Announce Unlimited QE

Federal Reserve announce that they will purchase Treasuries and MBS in amounts needed. US Equities jump, while USD drops.

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EUR/USD Shorts Unwind, Wrong Time to be Bearish on US Dollar - COT Report

According to the latest COT report, investors have flipped to net short in the US Dollar for the first time since June 2018.

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British Pound (GBP) Latest: GBP/USD, FTSE Struggle on Coronavirus Headline Fears

Headline risks for UK asset markets are increasing as the government warns of a complete lockdown in London if advice is not followed.

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EUR/USD May Capitulate as Coronavirus Poisons Euro Outlook

EUR/USD may shy away from retesting three-month trend resistance as the coronavirus undermines the outlook for European growth and the appeal of holding Euros.

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Crude Oil Prices Down As Market Frets Coronavirus Lockdown Hit

Crude oil prices remain in the doldrums as state after state announces drastic forced reductions in social and economic activity. Meanwhile the deadline for past production cuts to end gets closer.

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Sunday, 22 March 2020

Gold Price Consolidates as RSI Fails to Push Into Oversold Territory

Recent developments in the RSI cast a constructive outlook for the price of gold as the oscillator appears to be reversing course ahead of oversold territory.

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US Dollar Fundamental Outlook: USD/SGD, USD/IDR, USD/MYR, USD/PHP

The US Dollar may rise versus the Singapore Dollar, Indonesian Rupiah and Malaysian Ringgit if capital flows out of ASEAN countries as key US data stokes the selloff in equities.

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NZD/USD RSI Sits in Oversold Zone as RBNZ Launches QE Program

NZD/USD struggles to preserve the rebound from late last week as the Reserve Bank of New Zealand (RBNZ) launches a Large Scale Asset Purchase programme (LSAP).

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US Dollar, S&P 500 Eyeing Bipartisan US Fiscal Stimulus Package

Volatility in the US Dollar and S&P 500 may be amplified in the coming days as Congress attempts to hammer out the details of a bipartisan fiscal stimulus package to counter the coronavirus.

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Yen May Gain as Weekend Dow Jones Futures Fall, NZD Eyes RBNZ Stimulus

The Japanese Yen may gain with weekend Dow Jones futures pointing lower into Monday’s session. NZD/USD could fall after the RBNZ announced a bond-buying program to support growth.

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US Dollar Gains, Crude Oil Sinks, Dow Jones Repeats 2008 Despite Stimulus Wave

The US Dollar rally continued as equities around the world slid the most since 2008. Crude oil tumbled about 30% as gold prices still suffered. Data out of the United States next week will start to...

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US Dollar Gains, Crude Oil Sinks, Dow Jones Repeats 2008 Despite Stimulus Wave

The US Dollar rally continued as equities around the world slid the most since 2008. Crude oil tumbled about 30% as gold prices still suffered. Data out of the United States next week will start to...

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S&P 500, DAX 30, ASX 200 Forecasts for the Week Ahead

Global equity markets swung wildly last week as declines slowed in the latter half. With a material pullback in volatility, can risk appetite improve in the week ahead?

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Saturday, 21 March 2020

Euro Forecast: EUR/USD Outlook Remains Bearish

Last Wednesday’s launch of a €750 billion emergency asset-purchase program by the European Central Bank did little to stabilize the Euro, suggesting further EUR/USD losses are likely in the week ah...

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Gold Prices Surrender as Virus-Induced Recession Fears Swell

Gold prices may continue to fall if recession fears from the coronavirus overwhelm the optimism from stimulatory measures by central banks and governments around the world.

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US Dollar Aims Higher as Markets Liquidate on Coronavirus

The US Dollar has soared as capital spooked by the coronavirus outbreak flooded out of global financial markets and into the most liquid cash on offer. More of the same seems likely.

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Friday, 20 March 2020

Australian Dollar Data Drought Will Leave Coronavirus In Charge

The Australian Dollar faces a lack of scheduled economic or central bank news this week. That’s not likely to be good news for its remaining bulls.

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VIX Peels Back as S&P 500 Stabilizes; High Volatility Still a Threat

Despite a deepening coronavirus crisis, the S&P 500 Index started to stabilize this week and the VIX ‘fear-gauge’ edged lower, but cross-asset volatility remains at crisis high levels and threatens...

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VIX Recedes into the Weekend After Record-Setting Spike

The market’s “fear gauge” or VIX index retreated into the weekend after a record-breaking string of performances over the last two weeks. What does this mean going forward?

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S&P Tests Support, EUR/USD Sell-Off Slows as USD Tempers Gains

It was another week of extreme volatility in global markets that was matched with historic moves from the world's largest Central Banks.

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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...