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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Sunday, 5 April 2020
NZD/USD Rate Outlook Mired by Dovish RBNZ Forward Guidance
NZD/USD may continue to give back the rebound from the yearly low (0.5469) as a bear flag formation unfolds, while the RBNZ endorses a dovish forward guidance.
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US Dollar Back on the Offensive? USD/SGD, USD/PHP, USD/MYR, USD/IDR
The US Dollar appears to be back on the offensive against ASEAN FX such as the Singapore Dollar and Malaysian Ringgit. The Philippine Peso gained. What does USD face from here?
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Euro, Crude Oil May Suffer From OPEC & Eurozone Political Rifts
The Euro and crude oil prices will be at the mercy of ongoing OPEC+ and Eurozone negotiations as members from each respective group attempt to reach a consensus on policy.
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US Dollar Funding Stress May Be Checked with Fed FIMA Scheme
The Federal Reserve has made a powerful statement about its commitment to shoring up offshore US Dollar funding markets through the coronavirus spread.
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Canadian Dollar, Crude Oil May Fall as Australian Dollar Gains at Open
The Canadian Dollar may fall alongside crude oil prices at market open after the OPEC+ virtual meeting was pushed back. The Australian Dollar may rise as weekend stock futures gain.
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US Dollar Rises, Wall Street Falls. Oil Prices Surges, CAD Gains: Week Ahead
Wall Street edged cautiously lower last week as volatility cooled. The US Dollar soared. Crude oil prices surged in hopes of key output reduction bets, boosting the Canadian Dollar. The onslaught o...
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S&P 500, FTSE 100, Nikkei 225 Forecasts for the Week Ahead
Stock volatility has calmed somewhat despite continued economic uncertainty due to the coronavirus and containment guidelines as major central banks vow to prop up their economies at any cost.
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Saturday, 4 April 2020
Euro Forecast: Decision on Coronabonds Critical For EUR/USD Outlook
The coming week could see a decision by the Eurozone nations on whether to issue bonds guaranteed by all of them jointly and severally – a ruling likely to have a major impact on the Euro’s next bi...
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USD/MXN Price Analysis: US Dollar to Mexican Peso Eyes Fresh Highs
USD/MXN recoils back toward record highs as the US Dollar its dominance over the Mexican Peso once again despite a recovery in oil.
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Gold Prices May Fall on FOMC Minutes, Recession & Credit Risks
Gold prices may surrender if the FOMC meeting minutes further reinforce fears about the prospect of a deep, virus-driven recession amid thin liquidity conditions.
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US Dollar May Rebound as Financial Markets Face Global Recession
The US Dollar may rise as financial markets turn to cash amid deepening worries that the Covid-19 outbreak has triggered a global recession.
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Friday, 3 April 2020
S&P 500 Price Sinks as Unemployment Spikes; VIX Index Drops?
The S&P 500 Index finished the week 2% lower as job losses mount amid the coronavirus lockdown, but the VIX ‘fear-gauge’ still dropped. Why is volatility down despite another slide in stocks?
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Australian Dollar at Risk as Markets Eye Third Coronavirus Rate Cut
The Australian Dollar has already seen two RBA interest rate cuts in a month but now markets are looking for a third. If they get it, Aussie rates will be at zero for the first time.
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Canadian Dollar Price Outlook: USD/CAD Coils After Loonie Breakdown
USD/CAD has been a big mover, gaining as much as 10.2% in the month of March. This week, however, saw a range get continually tighter, pointing to breakout potential in the week ahead.
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Dow Jones Technical Forecast for the Week Ahead
The Dow Jones lags the Nasdaq and S&P 500 but has successfully employed nearby trendline support for the time being. Now, bulls will look to use the area as a staging ground to attack higher.
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US Dollar Gyrates on Worse Jobs Report Since 2009
The BLS non-farms payroll report printed -701k for March as COVID-19 drags the US economc towards recession
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USD, USD/CAD, EUR/USD & More: Charts for Next Week
Today we looked at a few charts that could unfold in the week ahead, as well as potential scenarios that might not play out next week but worth keeping tabs on.
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EUR/USD Price Trades sub-1.0800 After Shocking Final PMI Data
The latest IHS Markit PMI data suggests that the Eurozone economy is contracting at an annualized rate around 10% and this is likely to worsen in the coming months.
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Trading the Non-Farm Payrolls (NFP) After Worst Jobless Claims Ever
Alarm bells ringing after worst US jobless claims on record. Calm before the NFP storm in the months ahead.
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Posts (Atom)
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....