Monday, 23 March 2020

USD/MXN Forecast: US Dollar to Mexican Peso Extends Parabolic Climb

The near-vertical breakout in spot USD/MXN price action keeps ramping higher as the US Dollar surges another 3% against the Mexican Peso. How much longer might the rally in USD/MXN last?

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Gold Price to Resume Ascent as Fed Asset Purchases Balloon

Gold looks geared up to recommence its meteoric rise, perhaps to new highs, following unprecedented news that the Fed looks to purchase an unlimited amount of US Treasuries.

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Canadian Dollar Price Outlook: USD/CAD Virus Breakout may be Overdone

Canadian Dollar plunged 11.7% YTD vs US Dollar with USD/CAD testing key resistance near five-year highs. Here are the trade levels that matter on the technical charts.

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S&P 500, Nasdaq 100 in Focus After Fed Launches QE-Infinity

It's been a brutal past month across risk markets. But the sell-off in the Nasdaq 100 has, so far, been tame by comparison. Will Congress deliver on hopes for a fiscal stimulus package?

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Dow Jones Price Outlook: Boeing to Undermine Index Further, Support Eyed

The Dow Jones may lag the S&P 500 and Nasdaq 100 as one of its main components falls under immense pressure. Consequently, the DJIA has broken beneath levels the other two indices have not.

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US Dollar Mired by FX Volatility & Expanded Fed Arsenal

The US Dollar is starting to edge lower from three-year highs after eye-popping news that the Fed unleased “extensive new measures,” but the USD remains supported by extremely high FX volatility.

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GBP/USD, EUR/GBP and FTSE 100 Prices and Oulook - UK Webinar

Central banks around the globe continue to throw unprecedented sums of money to try and shore up their economies against the ravages of the coronavirus.

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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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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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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...