Wednesday, 1 April 2020

EUR/USD Levels to Watch as Rebound from 2020 Low Unravels

EUR/USD may exhibit a more bearish behavior over the coming days as the exchange rate extends the series of lower highs and lows from earlier this week.

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Australian Dollar at Risk as AUD/USD Descends, Yen May Fall Ahead

The Australian Dollar fell with AUD/USD at risk to reversing its bounce off March lows. Futures are pointing higher after the Fed eased capital requirements, leaving the Yen vulnerable.

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USD/MXN Price Volatility Continues as Pair Probes Topside Barrier

USD/MXN has been a highly volatile currency pair as of late, a trend that may continue as risk appetite appears to have slowed and crude oil falls further. What does this mean for USD/MXN?

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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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Australian Dollar Price Outlook: Headwinds Remain for AUD/USD

The Australian Dollar has clawed back some of its March losses, but headwinds will persist ahead of next week’s RBA meeting that may see AUD/USD remain pressured.

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Canadian Dollar Price Outlook: USD/CAD Rebound may be Short-lived

Loonie is off more than 1.5% against the US Dollar but recent price recovery remains vulnerable. Here are the technical levels that matter on the USD/CAD price chart.

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Dow Jones Bounces Off Lows, Remains Under Pressure After US PMI

ISM manufacturing data for March crossed the wires at 49.1 percent marking the worst print since 2009 as covid-19 continues to shutdown the US economy

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EUR/GBP Price Outlook: Is There Light at the End of the Tunnel?

The precipitous fall in EUR/GBP over the last two weeks has seen the pair near an old trading zone which may slow down or provide support against ongoing negative sentiment.

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Dow Jones, S&P 500 Outlook: Revisiting the Lows?

New Month and Same Challenges Remain for Equity Markets. Bear Market Rally Unwind Puts S&P 500 and Dow Jones at Risk.

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Gold Price Outlook: XAU/USD Rebound Struggles as Bearish Chart Formation Builds

Tuesday’s sell-off candle is casting a bearish shadow on spot gold and with the US dollar picking up a bid again, lower prices may lie ahead.

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British Pound (GBP) Latest: GBP/USD Stable as UK Bank Stocks Tumble

UK bank stocks are plunging after the banks cancelled their dividends to shareholders but Sterling is holding its ground against a rising US Dollar.

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US Dollar May Rise vs GBP, Euro Ahead of PMI Data Cascade

The USD may rise vs the British Pound and Euro ahead of the release of PMI data from Europe and the US as both struggle to revive growth in coronavirus-afflicted economies.

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Crude Oil Prices Uneasy at $20/Barrel, Eyeing Trump and Putin

Crude oil prices have endured the worst month and quarter on record thanks to the coronavirus’ depredations and Saudi/Russian price warfare. Still, the market clearly finds it hard to imagine sub-$...

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Tuesday, 31 March 2020

USD/CAD Faces Range Bound Conditions Following Emergency BoC Rate Cut

USD/CAD may face range bound conditions over the remainder of the week as the exchange rate snaps the series of lower highs and lows from the previous week.

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Dow Jones, S&P 500, DAX 30 Outlook: Will the Bounce Last?

The Dow Jones, S&P 500 and DAX 30 have bounced after aggressive declines. Can this momentum last? Trader positioning seems to be offering mixed signals as technicals point bearish.

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AUD Steadies As China Caixin Manufacturing PMI Returns to Expansion

The Australian Dollar edged lower following the release of its central bank's last set of policy meeting minutes but paused on news that China's private manufacturing sector has bounced back.

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NZD/USD Rate Forecast: Bear Flag Formation Unfolds in April

The recent rebound in NZD/USD may unravel over the coming days as a bear flag formation unfolds, with the exchange rate initiating a fresh series of lower highs and lows.

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Yen and US Dollar Rise as Wall Street Drops. USD/JPY Eyes Resistance

The anti-risk Japanese Yen and US Dollar cautiously rose as Wall Street declined despite less-dismal consumer confidence. Futures hint a “risk-off” tilt as USD/JPY eyes resistance.

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US Dollar Forecast: DXY Index, AUD/USD & GBP/USD Price Analysis

The US Dollar stabilizes into month and quarter end following a flareup in FX volatility amid the coronavirus pandemic. Where might DXY Index, AUD/USD and GBP/USD price action head next?

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How to Invest During a Recession: Investments & Strategy

Economic recessions are often accompanied by stock market crashes and extended periods of low returns. Here are some of the best investments to hold during a recession.

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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...