Monday, 20 April 2020

USD/CAD Rate Breakout Brings Monthly High on Radar

The monthly high (1.4298) is on the radar for USD/CAD as the exchange rate breaks out of the downward trending channel carried over from March.

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Euro Trembles Ahead of EU Leaders Summit as Regional Recession Looms

The Euro may face heightened selling pressure if signs of unity are lacking during the EU leaders summit as the region prepares for what could be the worst recession in the union’s history.

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Australian Dollar Steady As RBA Minutes Show Bank Content To Wait

The Australian Dollar didn’t have far to move on a set of policy meeting minutes which flagged up stimulus already undertaken rather than necessarily pointing to more ahead.

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EUR/USD Rate Tracks Monthly Range Even as ECB Warns of 20% Contraction

EUR/USD may carve a more defined range even though the ECB warns of a 20% contraction amid the failed attempt to test the monthly high (1.1039).

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

The US Dollar and VIX Index pop as the bear market rally comes under pressure amid negative crude oil prices, pessimistic equity earnings and dreadful economic data readings.

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Nasdaq 100 Forecast: Will Netflix Earnings Live Up To Expectations?

Coronavirus containment procedures have battered corporate profits and outlooks alike, but not all stocks are expected to suffer at the hands of the virus. Will Netflix’s results live up to the hype?

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US Crude Oil Collapses to Negative -$37 Per Barrel - Why and What Does it Mean?

The standard bearer US-based WTI crude contract collapsed Monday with the ‘active nearby’ eventually settling at an astounding -$37.63 (yes negative). There are some important caveats here, but the...

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Canadian Dollar Price Outlook: USD/CAD Bounces as Oil Prices Smashed

USD/CAD has held support above 1.4000, with the pair catching a bid today as oil prices were hit incredibly hard.

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Crude Oil Carnage as WTI Pushes Below $1/brl

It was a brutal open to the week as WTI crude oil prices pushed below $1/brl. Yes, that's less than One US Dollar per barrel.

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DAX 30 Price Outlook: Overhead Resistance Looms as Index Melts Higher

The DAX 30 appears to have slipped into a trading range in April, bouncing between two nearby technical barriers. Here are the levels to watch.

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USD/MXN Price Primed for Uptrend Continuation Amid Oil Rout

The US Dollar to Mexican Peso looks set to continue its surge as crude oil crashes. USD/MXN price action has skyrocketed 30% since mid-February, but is down about 7% from its year-to-date high.

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Euro Forecast: More Weakness Due in EUR/USD and EUR/JPY Rates?

Although Euro losses have slowed over the past few weeks, the context of the recent consolidations offers little reassurance for bulls.

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EUR/GBP, GBP/USD and GBP/NZD Prices and Outlook - UK Webinar

Sterling (GBP) is coming under pressure as Brexit trade talks reopen, while data this week may push the British Pound lower.

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Crude Oil Volatility Surge Ahead of Expiration - US Market Open

The drop in oil prices has been grabbing the headlines with WTI trading below $12/bbl. However, June contract trades at $22/bbl

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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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British Pound (GBP) Latest: Brexit Talks May Weigh on GBP/USD and FTSE 100 Prices

Brexit is back in the spotlight this week as the UK and the EU resume trade talks. The UK has already said that it will not extend the transition period if asked.

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Euro May Follow NZ Dollar Higher as Germany Eases Lockdown

The Euro may follow the New Zealand Dollar higher as its home country its home country is joined by Germany in starting to ease coronavirus lockdown rules.

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Sunday, 19 April 2020

Crude Oil Slides As Markets Fret Covid Demand Hit, Full Storage Tanks

Crude oil prices came under yet more pressure despite heavy production cuts as the world remains awash with cheap energy that has no obvious end user.

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Gold Price Carves Lower Highs and Lows Amid Plans to Reopen US Economy

The price for gold may face a larger pullback over the coming days as it carves a series of lower highs and lows following plans to reopen the US economy.

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Bitcoin Price: How Will Halving, Coronavirus Affect BTC?

Bitcoin prices may see a pickup in volatility ahead of the 2020 halving as the coronavirus pandemic threatens to disrupt cross-continental BTC mining operations.

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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...