Silver and gold prices have had a fascinating 2020, counterintuitively falling as the coronavirus’ economic hit has become horribly apparent. A rebound is now afoot.
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Monday, 23 March 2020
US Dollar Soars as USD/IDR Pursues Best Month Since 1997 Asia Crisis
The US Dollar soared against the Indonesian Rupiah, with USD/IDR eyeing its best month since the 1997 Asia financial crisis amid the coronavirus outbreak. Can this trend continue?
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Bitcoin Price: How Will Halving, Coronavirus Affect BTC?
Bitcoin prices may see a pickup in volatility ahead of the 2020 halving as the coronavirus pandemic threatens to disrupt cross-continental BTC mining operations.
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EUR/USD Rebounds as Fed Plans to Purchase CMBS But Will It Last?
The recent rebound in EUR/USD may prove to be short lived as the US Dollar benefits from the flight to safety.
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Canadian Dollar Sinks as Crude Oil Prices Swing, USD May Weaken
The Canadian Dollar sank as crude oil prices swung with USD/CAD stalling under 2016 peaks. Futures markets hint a cautiously upbeat mood may be next, placing the US Dollar at risk.
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Australian Dollar & ASX 200 Price Outlook Amid Coronavirus Outbreak
The Australian Dollar and stock market have suffered weeks of declines as the global economy grinds to a halt amid ongoing coronavirus containment procedures across the world, what’s next?
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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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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference
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