Euro Outlook Gloomy as Covid-19 Amplifies Political Tension

EUR/USD may suffer as the coronavirus amplifies inter-regional tension, potentially putting the politically-sensitive Euro at risk of heightened liquidation pressure.

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Crude Oil Prices Rise on Hopes US to Emerge From Covid Lockdowns

Crude oil prices found solace in hopes for a US reopening, and in a broad risk appetite revival. This year’s demand looks set to take a massive hit, however.

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Yuan, SGD, IDR, MYR, PHP: China-ASEAN FX Price Trends Since 2008

How might the Chinese Yuan trade against ASEAN FX such as the Singapore Dollar, Indonesian Rupiah, Philippine Peso and Malaysian Ringgit using data since the 2008 financial crisis?

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Australian Dollar Struggles As China GDP Falls More Than Expected

The Australian Dollar slipped very modestly after Chinese growth data came in below market forecasts, although industrial production fell by far less than had been expected

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NZ Dollar Outlook Mired by Failed Attempt to Test Former Support Zone

NZD/USD may exhibit a more bearish behavior following the failed attempt to test the former support zone around 0.6170 (50% expansion) to 0.6230 (38.2% expansion).

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US Dollar Sinks, Dow Jones Up on Virus Drug Trial, Trump Reopen Plan

The US Dollar and Japanese Yen are falling as Dow Jones and S&P 500 futures rally on reports of Gilead’s virus drug trial and Donald Trump’s economy reopening guidelines.

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US Dollar & VIX Index Climb, Stock Market Rally at Wits End?

The bear market rally is coming under pressure as pessimistic earnings reports trickle in and dreadful economic data readings mount, which is bolstering the US Dollar and VIX Index.

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AUD/USD & ASX 200 Price Outlook: Aussie Leads Recovery but Stocks Lag

The Australian Dollar has rebounded significantly from its March lows and is among the frontrunners in risk assets in recent weeks. Still, Australian stocks have lagged their major counterparts.

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Gold Price Outlook: XAUUSD Goes into ST Range After Seven Year Highs

Gold prices jumped by as much as 20% from the March lows up to the Tuesday high.

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Canadian Dollar Price Outlook: USD/CAD Breakout Under Review

Canadian Dollar is down more than 1% vs US Dollar with the USD/CAD breakout now eyeing initial resistance. Here are the trade levels that matter on the technical charts.

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US Dollar Forecast: Volatility? Yes; Direction? Unclear - Key Levels for DXY Index

The US Dollar (via the DXY Index) has been trading in an ever-tightening range, with implications for pairs like EUR/USD and USD/JPY.

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US Initial Jobless Claims Continue at Historic Levels, USD Gyrates

US Initial Jobless Claims Continue near Historic Levels, USD Ticks HigherMeta: US Initial jobless claims crossed the wires at 5245k Thursday morning, slightly better than expectations for 5500k, bu...

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AUD/USD, GBP/USD More Influenced by Equities: Cross Asset Correlation

Risk assets increasingly dominant in dictating currency markets. Turnaround sees Australian Dollar top out.

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US Dollar (DXY) Probing Higher Ahead of US Initial Jobless Claims Release

The US dollar is back in favor with risk-averse investors and the greenback may get another boost from the latest look at the US labor market.

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FTSE 100 Eyes Support, BoE Shows Drop in Credit Conditions

Coronavirus crisis expected to weigh on mortgage and credit card lending. FTSE 100 eyes support.

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British Pound (GBP) Latest: GBP/USD Uptrend Persists Despite Dire US Data

GBP/USD continues to consolidate close to its recent highs but its uptrend remains in place despite some USD strength on safe-haven buying after very weak US economic data.

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Japanese Yen May Rise if US Jobless Claims Spoils Risk Appetite

The Japanese Yen may rise if US jobless claims data continues to climb as the coronavirus wreaks havoc on the world’s largest consumer-driven economy and new epicenter of covid-19.

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Gold Prices Return Virus-Inspired Gains As US Dollar Strength Caps

Gold prices started the session a little higher on increased fears about the economic impact of Covid-19, but they failed to hold those highs despite generally poor risk appetite.

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USD/CAD Levels to Watch Following New BoC Bond Purchase Programs

USD/CAD may continue to retrace the decline from the yearly high (1.4667) as it breaks out of the

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Australian Dollar Up As Jobs Rise Unexpectedly. Survey May Miss Virus Impact

The Australian Dollar got a boost on news of surprise job creation when a big employment fall had been expected. However the official survey period may miss the full March impact of coronavirus.

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