Sunday, 19 April 2020

Canadian Dollar Sinks as Crude Oil Prices and Stocks Drop

The Canadian Dollar sank as crude oil prices fell with stocks while the US Dollar rose. Markets may be anxious before key corporate earnings reports amid the Covid-19 outbreak.

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New Zealand Dollar Gained with Dow Jones, Traders Await Earnings

The New Zealand Dollar soared with the Dow Jones Friday as markets continued betting on the US economy reopening. Follow-through may be difficult as traders nervously eye earnings.

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Dow Jones, US Dollar, Crude Oil, Earnings, Euro, EU Summit: Week Ahead

The Dow Jones and S&P 500 treaded higher but selling pressure in the haven-linked US Dollar slowed. Why was crude oil unable to follow sentiment? Earnings season continues with tech and manufacturi...

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Dow Jones, Nasdaq 100, FTSE 100 Forecasts Amid Earnings Season

Earnings season began last week as some of the largest US banks reported a wide range of quarterly results and forecasts that cast concern over the rest of the season.

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USD/MXN Outlook: Mexican President Fails to Secure Exchange Funding to Aid the Economy

The Mexican Peso sees renewed volatility due to risk-off sentiment and debt downgrades due to the economic impact of Covid-19.

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Saturday, 18 April 2020

Euro Forecast: Outlook for EUR/USD Turning Increasingly Bearish

Global financial markets are at a critical point. Will the next move be up as the coronavirus pandemic peaks or down on fears of a deep recession? With the latter all but certain, more Euro weaknes...

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Gold Fundamental Outlook Hinges on Shifts in Trader Sentiment

The price of gold extends the pull back from the yearly high ($1748) as President Donald Trump unveils fresh guidelines in opening up the US economy.

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US Dollar Forecast: Fed, Coronavirus Guidelines & Earnings Eyed

The US Dollar moved modestly higher as improving market sentiment seemingly lost momentum. Where might the USD head next as traders weigh Fed policy, coronavirus updates, and earnings?

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Canadian Dollar Outlook Bearish on Growth Outlook, US PMI Data

The petroleum-linked Canadian Dollar may fall as global demand for cycle-sensitive commodities like crude oil decline. Policymakers have warned that a Depression-like downturn may be ahead.

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Friday, 17 April 2020

Australian Dollar Bulls May Tire If Coronavirus Headlines Don't Improve

The Australian Dollar has risen sharply and perhaps counterintuitively in April as markets pin their hopes on turbo-charged stimulus to fight the contagion’s economic effects.

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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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US Dollar & VIX Supported; Stock Market Rally at Wits End?

The strong US Dollar and still-elevated VIX Index suggest that the ongoing bear market rally may soon unwind as pessimistic earnings reports trickle in and dreadful economic data readings mount.

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US Dollar Dips to Find Support, NZD/USD Surges - US Market Open

Equity markets are firmly in the green, despite weak Chinese economic GDP. US Dollar Dips.

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EUR/USD, USD Index & More – Charts for Next Week

The Euro is finding little lift off a major long-term trend-line, could break soon; DXY will get a lift if it does break.

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GBP/NZD Price Outlook: Two Steps Forward, One Step Back

The longer-term upward trend in GBP/NZD remains with a series of higher lows in place. The pair have failed to break 2.1040 but may well be setting up for a fresh attempt.

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DAX, Euro Stoxx 50 Outlook: Coronavirus Vaccine Hopes Risk Being Faded

Equity markets soar on positive drug results. However, beware of fading optimism as DAX and Euro Stoxx 50 eye key levels.

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British Pound (GBP) Latest: GBP/USD Sell-Off Eyes Support, FTSE Buoyed By Drug Hopes

Overnight news that US drug company Gilead’s antiviral remdesivir had shown promising signs treating patients with coronavirus is pushing risk markets higher at the open.

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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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Thursday, 16 April 2020

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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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...