Oil Price Outlook: Ravaged Oil Market Needs a Russia - Saudi Arabia Production Deal

US crude oil jumped overnight on news that Russia and Saudi Arabia may announce a production truce to arrest the recent savage sell-off.

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British Pound (GBP) Latest: EUR/GBP Outlook Poor, GBP/USD Stable

While GBP/USD continues to meander close to the 1.24 level, EUR/GBP is sliding, with few signs yet that the trend lower is about to reverse.

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Gold Prices Lower As US Dollar Holds Up Amid Coronavirus Worries

Gold retains a strong underlying bid but is struggling to progress as the US Dollar steals its haven crown. Oil prices have gained on hopes for price war resolution.

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Euro Outlook Shaky After ECB Warns of Sovereign Debt Crisis 2.0

The Euro may be at risk of a market-wide selloff if concerns about financial stability in the Eurozone and the prospect of another credit crisis emerges.

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AUD/USD Bear Flag Continues to Take Shape Following RBA Minutes

AUD/USD appears to be stuck in a narrow range, but the rebound from the yearly low (0.5506) may start to unravel as a bear flag formation continues to takes shape.

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Swiss Franc, US Dollar, Yen May Rise on Fear of Maket Closures

Reports that London-based fund managers have discussed long market closures with the Bank of England are unlikely to bear fruit, but that they happened at all may boost already-crowded haven trades.

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Palladium Decline May Be Offset by Virus-Induced Supply Shock

Palladium prices may be in for a bearish correction following its 44 percent rally, though supply shortages from virus-hit mining facilities could mitigate XPD/USD losses.

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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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