Monday, 6 April 2020

Canadian Dollar Forecast: USD/CAD Consolidates, Big Move Ahead?

USD/CAD edges lower after surging more than 5% last month. As the US Dollar breakout takes a breather, can the Canadian Dollar extend its recovery or is USD/CAD price action headed back higher?

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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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GBP/USD, EUR/GBP and GBP/CAD Prices and Forecasts - UK Webinar

Sterling (GBP) is pushing higher despite fears over the health of UK PM Boris Johnson who was admitted to hospital on Sunday with ongoing coronavirus symptoms.

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Euro Latest: Eurozone Sentiment Crashes to All-Time Low, EUR/USD Unfazed

Eurozone Sentix Survey crashes to an all-time low as the Eurozone faces a sharp recession. EUR/USD unfazed however.

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British Pound (GBP) Latest: GBP/USD Stable Despite UK PM Fears, FTSE 100 Rallies

GBP/USD has picked up from its earlier lows, weighed on by news that UK PM Boris Johnson was hospitalized on Sunday with ongoing coronavirus symptoms.

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Crude Oil Prices Rise As Hopes Endure For Russia, Saudi Deal

Crude oil prices made gains in Monday’s Asian session as it seems likely that Saudi Arabia and Russia may be closer on production cuts than they have appeared

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EUR/USD May Fall on Eurozone Consumer Confidence Data

The Euro may face selling pressure if Eurozone confidence data underscores deteriorating sentiment in the region as the prospect of a deep recession increases.

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Sunday, 5 April 2020

Gold Price Rebound Still in Focus as Fed Relies on Non-Standard Tools

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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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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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...