S&P 500 Outlook: Peak in VIX Does Not Mean Equity Market Bottom

S&P 500 dismisses ominous IMF report. However, risk barometer fails to confirm market rebound leaving index vulnerable.

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British Pound (GBP) Latest: GBP/USD Price Topping Out

The strong rally in GBP/USD, in place since late March, looks to be running out of steam as the US Dollar stabilizes following its recent losses.

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US Dollar May Rise on Retail Sales Data After IMF Warning

The haven-linked US Dollar may rise if retail sales data out of the world’s largest economy unnerves investors after the IMF’s chilling message.

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Crude Oil Prices Pare Gains As Coronavirus Recession Fears Bite

The oil markets have seen huge production cuts agreed this week but even they can’t support a market in which demand is under such threat.

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EUR/USD Rate Recovery Brings Monthly High on Radar

EUR/USD has reversed course following the failed attempt to test the 2020 low (1.0636), with the monthly high (1.1039) now on the radar.

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Dow Jones, DAX 30, CAC 40 Outlook: Short Bets May Keep Prices Lifted

Rising short exposure may have contributed to recent gains in global equities such as the Dow Jones, DAX 30 and CAC 40. If this trend persists, prices could remain lifted.

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Stock Markets Rise Even As Coronavirus Remains Unconquered. Why?

Many stock markets have staged impressive comebacks since the end of March despite there being no obvious good news to cheer.

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AUD/USD Rate Correction to Face Australia Employment Report

Fresh developments coming out of Australia may rattle the recent correction in AUD/USD as the economy is expected to shed 30.0K jobs in March.

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British Pound Gains, US Dollar Sinks Despite IMF and Bank Warnings

The British Pound rose as the US Dollar sank, extending the GBP/USD uptrend towards key resistance. Wall Street climbed as investors brushed aside warnings from the IMF and US banks.

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S&P 500 Finishes Higher as Bank Earnings Underwhelm Start to Earnings Season

The S&P 500 Index finished over 3 percent higher Tuesday after JP Morgan and Wells Fargo reported weak earnings and massive reserve builds as they anticipate weak economic conditions in the months ...

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Oil Forecast: OPEC+ Deal Dwarfed by Crude Oil Demand Woes

Crude oil price action is flirting with a breakdown below $20.00 again even though OPEC and its allies just inked a monumental supply cut deal. Will oil continue to fall as demand woes linger?

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Dow Jones Lifts Despite Grim IMF Economic Outlook for 2020

The Dow Jones Index opened higher this morning despite a grim economic outlook report from the IMF showing a recession likely worse than the 2008 fiscal crisis

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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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GBP/JPY, AUD/JPY, CAD/JPY – Japanese Yen Trading Outlook

The Japanese Yen could soon be on the move versus several currencies as extended moves and shallow ranges collide.

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EUR/GBP Price Slide Continues as Support Level Cracks

The month-long sell-off in EUR/GBP continues with bullish signals hard to find. The path of least resistance continues to suggest lower prices ahead.

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Gold Prices Soar to Multi-Year Highs; Potential Drivers For The Next Leg Higher

Gold made a fresh seven-year high today, opening above the $1,703/oz. prior multi-year high. US Q1 earnings start today, and coupled with another dire jobs release expected on Thursday, may see the...

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British Pound (GBP) Latest: GBP/USD Outlook Brighter, Sentiment Improves

Better than expected Chinese trade data have boosted ‘risk-on’ currencies including the British Pound, the Australian Dollar and the New Zealand Dollar.

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Euro, DAX May Fall Ahead of IMF World Outlook, Financial Stability Report

The Euro and DAX may fall if the IMF’s economic and financial assessment against the backdrop of the coronavirus inspires a selloff.

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Gold Prices Hit 7-Year Top on Corvid Worries Despite China Trade Beats

Gold prices retained a strong bid as investors fretted the clear and growing economic impact of the contagion. Chinese trade numbers were better than expected but they didn’t lift the mood.

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NZD/USD Rate Forecast: Former Support Zone on the Radar

NZD/USD faces a key test as the exchange rate comes up against the former support zone around 0.6170 (50% expansion) to 0.6230 (38.2% expansion).

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