The recent rebound in AUD/USD may start to unravel over the coming days as a bear flag formation continues to takes shape.
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Monday, 30 March 2020
US Dollar Fundamental Outlook: USD/SGD, USD/MYR, USD/IDR, USD/PHP
The US Dollar fell as an improvement in sentiment slowed aggressive capital outflows from emerging markets and ASEAN economies. What do USD/SGD, USD/MYR, USD/IDR and USD/PHP face next?
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Australian Dollar In Whipsaw Trade As China Manufacturing PMI Bounces Back
The Australian Dollar sank sharply before this key data only to take back most of its losses on news that China's manufacturing sector surged back to expansion this month.
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EUR/USD Rate Recovery Stalls as ECB Warns of Looming Recession
EUR/USD snaps the series of higher highs and lows from the previous week as the ECB Vice President Luis de Guindos states that incoming data “indicate that a recession will take hold.”
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Canadian Dollar Sank with Crude Oil as Health Care Steered Wall Street
The Canadian Dollar sank with crude oil prices as USD/CAD bounced towards trend-defining resistance. Health care securities drove gains on Wall Street. AUD/USD eyes China PMI data.
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Nasdaq 100 Forecast: Low Trading Volume May Hint at Weakness
US equities climbed higher on Monday, closing in the green yet again as the VIX fell further. Still, low trading volume may suggest a lack of conviction.
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S&P 500 Continues Recovery, NFP Looms Large for US Data
The S&P 500 hasn't yet hit a limit-down barrier this week; and sometimes the lack of a negative can be a positive itself. NFP looms for Friday.
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USD/MXN: US Dollar to Mexican Peso Resumes Surge as Oil Plunges
USD/MXN might target fresh highs as the US Dollar to Mexican Peso looks to extend its explosive breakout amid crashing crude oil prices and deepening coronavirus recession risk.
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Canadian Dollar Forecast: USD/CAD May Melt Higher After Pull Back
USD/CAD may continue higher after a brief pull back saw it test support, but can the pair surpass its recent spike or will a draw down in volatility see the rally peter out beforehand?
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Stock Market Forecast: Recession Likely Unavoidable Amid Virus Fallout
Despite unprecedented Fed liquidity and fiscal stimulus measures, economic turmoil caused by the coronavirus mounts and raises the risk of recession, which could strongarm the stock market lower.
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US Dollar Sinks. Gold Prices, Wall Street Soar on Stimulus. Bottom Found?
The US Dollar tumbled as Wall Street and gold prices outperformed as investors embraced aggressive monetary and fiscal policy stimulus measures. Will this be enough to counter the anticipated slew ...
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Oil Prices Plunge on Oil Demand Destruction, Will Trump Intervene? - US Market Open
Focus on the oil market as WTI breaks below $20. Trump set to speak to Putin amid oil price war.
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GBP/USD, EUR/GBP and GBP/CAD Prices and Outlook - UK Webinar
Sterling (GBP) jumped at the back end of last week against a range of currencies and for different reasons. The question now is whether these gains can be consolidated.
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DAX 30, Euro Stoxx 50: Bear Market Rally Leaves Global Markets at Risk of Bull Trap
Portfolio rebalancing to provide short term gain, risks remain for long term pain. DAX and Euro Stoxx 50 risks lower levels.
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British Pound (GBP) Latest: GBP/USD and FTSE 100 Rally Look Vulnerable
Both Sterling and the FSTE 100 are pairing recent gains at the start of the week with little positive news in the press over the weekend to help them sustain last week’s rally.
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EUR/USD Retreat May Accelerate Ahead of Key Confidence Data
The Euro may face accentuated selling pressure if Eurozone consumer, industrial, services and economic confidence data for March underscores deteriorating sentiment.
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Crude Oil Prices Down As Coronavirus, Price War Threaten Glut
Crude oil markets didn’t rise very far when risk appetite revived last week on various coronavirus rescue programs. They’re now back to worrying about the chance of grievous oversupply.
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Sunday, 29 March 2020
Gold Price Levels to Watch Following US Fiscal Stimulus Program
The flight to safety may push the price of gold towards the yearly high ($1704) as market participants look for an alternative to fiat currencies.
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Euro May Rise on ESM, Crude Oil Selloff Deepens on OPEC Price War
The Euro may rise on the use of the ESM while crude oil prices continue to suffer from the OPEC price war as an emerging market credit downgrade sends an alarming message.
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The Singapore Dollar and MAS: What is SGD and How to Trade it?
The Singapore Dollar (SGD) is driven by the Monetary Authority of Singapore, which manages exchange rate instead of short-term interest rates. Learn more on the SGD and how to trade it.
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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...
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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....