Gold Price Eyes 2020 High Following Reaction to Former Resistance Zone

The price of gold appears to be making a run at the yearly high ($1704) following the reaction to the former-resistance zone around $1450 to $1452.

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Yen May Rise if Early US Economic Re-Start Stokes Coronavirus Fears

A tidal wave of cash waits to return to virus-battered assets, backstopped by huge stimulus. It is unlikely to deploy until infection slows, whatever the US administration prefers.

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US Dollar May Fall if S&P 500 Rises on Short Bets, USD/CAD Eyes Support

The US Dollar may be at risk as trader positioning warns that the S&P 500 could rise as markets look forward to fiscal stimulus. USD/CAD could rise if key support holds down the road.

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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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AUD/USD Rate Rebound in Focus as RSI Displays Buy Signal

AUD/USD looks poised for a larger recovery as the exchange rate carves a series of higher highs and lows, while the RSI displays a textbook buy signal.

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Euro Outlook at Risk, Dow Jones Best Day Since 1933 on Stimulus Bets

The Euro is at risk in the medium term as US fiscal stimulus bets push the Dow Jones to its best day since 1933. The US Dollar may fall with all eyes on a virus relief bill.

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USD/JPY Targets February High Alongside Staggering Dow Jones Rally

USD/JPY has recaptured much of the ground it lost in March as it takes aim at the February high around 112.22. With stocks rallying, has risk appetite returned and what will it mean for USD/JPY?

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VIX Simmers as S&P 500 Surges on Fed, Fiscal Stimulus Hopes

Despite a massive 10% rally in the S&P 500 Index, driven by Fed intervention and fiscal stimulus hopes, stocks remain deep in bear market territory as coronavirus fallout raises recession risk.

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Canadian Dollar Price Outlook: Loonie in Focus, USD/CAD Tests 1.4500

The outsized breakout in USD/CAD has finally calmed, with five straight days of resistance showing around the 1.4500 spot. But are bulls done just yet?

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US Dollar Drops as Fed Beefs Up Backstop, FX Volatility Ebbs

Following its 8% surge over the last two weeks, the US Dollar has started to drift lower as the Federal Reserve ramps up stimulus efforts to offset coronavirus fallout and calm market angst.

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CAC 40 & FTSE 100 Forecasts: Indices Gain Despite Horrid PMI Data

The French CAC 40 and English FTSE 100 established gains on Tuesday despite a string of abysmal PMI data points. Can they continue higher?

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Dow Surges Despite Record Plunge in Markit PMI on Coronavirus

Despite a record-smashing drop in the latest IHS Markit PMI amid the coronavirus outbreak, the Dow Jones jumped 6% as investors remain hopeful that the Fed and fiscal stimulus can offset economic f...

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Market Sentiment Improves But Confidence Still Fragile | Webinar

Trader confidence has increased on the Federal Reserve’s action to boost liquidity and hopes of a fiscal package to boost the US economy. However, the market rally is fragile and may not last long.

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EUR/GBP Continues to Bounce Against Stubborn Resistance,Where Next?

The recent rally in EUR/GBP has come to an abrupt halt with resistance capping the pairs upside movement. Both currencies are under pressure, but Sterling looks set to have the upper-hand in the sh...

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US Dollar, GBP/USD, USD/JPY, S&P 500 Analysis: Cross-Asset Correlation

Cross-asset correlations rise sharply as the spread of the coronavirus prompts aggressively deleveraging.

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EUR/USD Price: Rally at Risk after Shocking Eurozone PMI Data

The overnight rally in EUR/USD may soon reverse after the latest set of Eurozone sentiment readings missed even the most pessimistic expectations.

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British Pound (GBP) Latest: GBP/USD Stabilizes, Outlook Improves

Sterling has steadied and the outlook has brightened for GBP/USD as the Federal Reserve’s promise of unlimited US Dollar funding continues to help riskier assets such as GBP, AUD and crude oil.

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EUR/USD Analysis Ahead of Crucial US, Eurozone PMI Data

EUR/USD may fall if PMI data out of the two largest economies in the world stokes demand for liquidity and pushes the US Dollar higher.

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Gold Prices Rise As Coronavirus Stimulus Curbs Cash-Out Impulse

Gold prices rose as hopes for massive economic life support curbed the previously overwhelming rush into cash. Enduring stock market gains saw some of that advance pared though.

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USD/CAD Levels to Watch Following Failed Attempt to Test 2016 High

USD/CAD appears to be reversing course ahead of the 2016 high (1.4690), with the Relative Strength Index (RSI) on its way to flash a textbook sell signal.

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