Tuesday, 31 March 2020

Dow, S&P 500, Nasdaq 100 Finish Q1, Limp into April Trade

March was a month to remember and all signs are pointing to continued challenges in the months ahead. Buckle up.

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DAX 30 Price Outlook: Technical Traders Look to Overcome Resistance

The DAX 30 plummeted alongside other equity markets amid the recent stock market crash, with a peak-to-trough move of roughly -40%. Now, a recovery rally is looking to overcome resistance.

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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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Consumer Confidence Dives to 2017 Lows on Covid-19, USD Gyrates

Consumer confidence data shows that Covid-19 is taking its toll on the US consumer's outlook as the index drops to the lowest level since July of 2017Consumer Confidence Sinks to Lowest Level Since...

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US Dollar Rises on Month End Flows, Fed Announces Further Liquidity Tools - US Market Open

US Dollar in Demand on Month and Quarter End Flows, Federal Reserve Announces further liquidity measures

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Market Sentiment Showing Tentative Signs of Improvement | Webinar

Trader confidence remains poor, with the US Dollar still in demand as a safe haven, but it is less weak than it has been, and risk assets are benefiting.

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US Dollar Index, EUR/USD Charts & More

The Dollar is trying to rebound at the moment; wild swings have made everything short-term, but look for that to change as a theme/trend emerges.

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US Dollar May Resume Rise Amid Global Recession Fears

The US Dollar may return to the offensive as markets flee to cash amid fears of deep global recession thanks to the still-raging coronavirus outbreak.

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EUR/USD Price Breaking Through Technical Support

EUR/USD is trading back below 1.1000 as this week’s sell-off continues. Recently released eurozone inflation data missed expecttions and leaves the ECB with a longer-term headache.

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British Pound (GBP) Latest: GBP/USD Easing, FTSE 100 Gaining Ground

The FTSE 100 index of leading London-listed stocks has steadied but downward pressure remains on GBP/USD after Fitch’s downgrade of the UK’s debt rating Friday.

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US Dollar May Rise if PMI Data Kindles Demand for Liquidity

The US Dollar may rise from a wave of capital rushing into it if PMI data out of the world’s largest economy unnerves investors and boosts demand for highly liquid assets.

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Gold Prices Edge Lower But Coronavirus Fears Underpin Haven Bids

Gold prices are under a little pressure from a stronger US Dollar as March ends, but they’ve gained broadly over the month and there seems little impetus to chase them lower

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Monday, 30 March 2020

AUD/USD Forecast: Bear Flag Continues to Take Shape Ahead of April

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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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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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...