Wednesday, 8 April 2020

EUR/USD Susceptible to Range Bound Conditions Through Easter Holiday

EUR/USD may face range bound conditions through the Easter holiday as the exchange rate fails to extend the series of lower highs and lows from the previous week.

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Australian Dollar Slides as RBA Financial Review Flags Increased Risks

The Australian Dollar was already under pressure but wilted further as the RBA's financial review was forthright about likely coronavirus effects.

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USD/CAD Negates Pennant Formation Ahead of Canada Employment Report

USD/CAD may face range bound conditions going into the Easter holiday as the exchange rate fails to track the pennant formation carried over from the previous month.

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Yen Falls as Wall Street and Crude Oil Prices Gain, AUD/USD May Rise

The Japanese Yen and US Dollar sank as Wall Street and crude oil prices gained ahead of the OPEC+ meeting. A rosy Asia Pacific trading session may bode well for the Australian Dollar.

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Dow Jones, Nasdaq 100, S&P 500 Forecast: An Earnings Season Like None Other

This earnings season will stand in a league of its own as corporations grapple with an unprecedented threat to growth and economic activity. As a result, it may be a stock-pickers dream.

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3 Things to Know When Trading Earnings Announcements

Earnings season is a period ripe with trading opportunities and volatility but can be unpredictable. Here are 3 things to know when trading earnings season.

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US Recession Watch, April 2020 - Recession Odds Artificially Low

The NY Fed Recession Probability indicator only indicates an 18% chance of a recession within the next year. That seems low.

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Dow Jones, Oil, Gold Technical Outlook & More

Stocks have come back but look at risk of weakness now, oil is still trying to figure itself out, while gold continues to be difficult but bullish-looking nevertheless.

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S&P 500, Russell 2000 Outlook: Approaching an Inflection Point

Bear market rally leaves S&P 500 vulnerable to renewed selling. Russell 2000 upside curbed at crucial level.

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Gold Price Forecast: Is Gold Setting Up For The Next Leg Higher?

Gold is back off yesterday’s one-month high, but the daily chart suggests that the precious metal may well be looking at another attempt at $1,700/oz+.

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British Pound (GBP) Latest: Volatility Tumbles as GBP/USD Stabilizes

As GBP/USD continues to trade close to the 1.23 level near-term, despite the hospitalization of UK Prime Minister Boris Johnson, volatility in the British Pound continues to drop.

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US Dollar May Rise on FOMC Minutes, Coronavirus Risks

The US Dollar may rise if the release of the FOMC minutes spark risk aversion and boost demand for haven-linked assets amid the coronavirus pandemic.

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US Dollar Up As EU Ministers Fail to Agree Corvid-19 Response

Another long meeting of Eurozone finance ministers has broken up without agreement on the way ahead even as the Eurozone economy buckles in the face of contagion.

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Crude Oil Prices Rise As Markets Hope For OPEC, Russia Cuts

The crude oil market remains pretty sure that reduced production and price wars’ end is on the way. That will still leave demand shattered by the coronavirus, of course.

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Tuesday, 7 April 2020

Post-RBA AUD/USD Rebound Stalls as S&P Cuts Rating Outlook to Negative

The recent rebound in AUD/USD appears to have stalled as Standard and Poor’s cuts Australia’s credit rating outlook to ‘negative’ from ‘stable.’

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Dow Jones, DAX 30, CAC 40 Forecast: How Can Short Bets Drive Trends?

Dow Jones, DAX 40 and CAC 40 short exposure has been rising alongside their recent ascent. What can this mean for the outlook in global stock markets?

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Gold Prices May Stay High as 2008 Crisis Cure Bedevils Covid-19 Policy

Gold prices well-supported as keeping interest rates ultra-low in response to the 2008 global financial crisis proves problematic for fighting the next one, the coronavirus outbreak.

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NZD/USD Rebound Susceptible to RBNZ Policy Following LSAP Expansion

The recent rebound in NZD/USD may end up being short lived as the Reserve Bank of New Zealand (RBNZ) expands its Large Scale Asset Programme (LSAP).

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US Dollar Outlook in Focus as Virus Deaths Rose, S&P 500 Erased Gap

The US Dollar fell despite the Dow Jones and S&P 500 erasing upside gaps as coronavirus deaths in New York and New Jersey rose the most over a day. Will USD regain lost ground?

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Nikkei 225 & USD/JPY Price Outlook: Gains Contingent on Risk Appetite

USD/JPY and the Nikkei 225 are both reliant on risk appetite to drive gains. Critically, coronavirus cases look to be slowing in the west which may bolster investor sentiment.

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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...