Wednesday, 22 April 2020

Silver, Palladium Outlook Bearish as Prices Cross Key Threshold

Palladium and silver prices may face heightened liquidation pressure after both precious metals crossed key technical thresholds. What’s ahead for XPD/USD and XAG/USD?

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AUD/USD Threatens Ascending Channel Formation Following RBA Minutes

AUD/USD threatens the upward trending channel from March, with the RSI highlighting a similar dynamic as the oscillator snaps the bullish formation from last month.

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Euro Fell, US Dollar May Rise if Asia Stocks Look Past Wall Street

The Euro sank ahead of today’s EU Summit giving the US Dollar a window of opportunity to trim losses despite gains on Wall Street. S&P 500 futures hint APAC stocks may struggle rising.

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ASX 200 & AUD/USD Forecast: Risk Appetite Essential for Continuation

The Australian Dollar and ASX 200 have bled lower this week as risk appetite took a backseat to apprehensiveness alongside a historic decline in growth-sensitive crude oil.

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US Dollar Two-Week-High, EUR/USD Support Test - FOMC, ECB Next Week

Currency markets have shown some element of calm after an outsized rush of volatility in March. The FOMC and the ECB are on the docket for next week: Will that calm continue?

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USD/CAD Forecast: Canadian Dollar Recovers with Crude Oil Price

USD/CAD slides hard after a rejection at the 1.4200 price level. The Canadian Dollar rebounds as negative crude oil prices turn positive, but the move could quickly reverse if coronavirus concerns ...

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EURGBP Price Outlook - Short-Term Trading Range Forming

This week’s pick-up in EUR/GBP has ground to a halt and the pair are giving back some of their recent gains. Short-term levels of support and resistance remain in place.

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EUR/CHF Outlook: Huge SNB Currency Intervention Slows, Breakout Ahead?

EUR/CHF remains dormant amidst the Coronavirus led recession. However, less SNB intervention may signal a breakout.

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US Dollar May Resume Rise as Covid-19 Darkens Earnings Outlook

The US Dollar is on the defensive as sentiment improves across global financial markets. Incoming corporate earnings reports may sour the mood and revive the currency’s fortunes.

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British Pound (GBP) Latest: Outlook Improves For GBP/USD Despite Oil Crash

The near-term outlook for GBP/USD has improved as risk assets stabilize despite further losses for crude oil prices.

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Tuesday, 21 April 2020

Crude Oil Prices Slammed Again on Supply Glut, Coronavirus Worries

The weakness seen in near-month crude oil futures contracts has migrated further into the calendar as investors fret likely demand levels in a locked-down world

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Gold Price Levels to Watch amid Correction from 2020 High

The price of bullion may continue to pullback from the yearly high ($1748) as it extends the series of lower highs and lows carried over from the previous week.

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Dow Jones, DAX 30, FTSE 100 Forecast: Long Bets a Sign of Caution?

Rising net long bets in global equities such as the Dow Jones, DAX 30 and FTSE 100 may signal what could be a pessimistic shift in sentiment in the near term.

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Hong Kong Dollar Curbed By HKMA as Covid-19 Measures Weaken USD

The Hong Kong Dollar has been a beneficiary of lower US interest rates. The gains have been apparently too much for the HKMA, which has taken action to weaken to weaken the currency.

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How to Trade the Impact of Politics on Global Financial Markets

In a slowing global economy, the threat of geopolitical risks destabilizing global growth are elevated and opens the door to violent volatility – and trading opportunities.

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NZD/USD Eyes Monthly Low as RBNZ Mulls More Stimulus for May Meeting

NZD/USD eyes the monthly low (0.5843) as the Reserve Bank of New Zealand (RBNZ) endorses a dovish forward guidance for its next meeting on May 13.

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US Dollar May Rise With Yen, Wall Street Follows Crude Oil Drop

The US Dollar gained alongside the Japanese Yen and may continue doing so after taking out resistance. Wall Street suffered as equities followed the collapse in crude oil prices.

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Nasdaq 100 Price Outlook: Netflix Earnings Shatter Expectations

The highly anticipated earnings report from Netflix did not disappoint as the streaming-provider shattered market expectations at a time when the Nasdaq 100 looks vulnerable.

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Dow, S&P 500 Bears Re-Emerge: Is Another Major Sell-Off On the Way?

It's been almost a month since the lows were set but bears have made a stark reappearance this week.

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Australian Dollar Price Outlook: Aussie Correction Underway- Levels

Australian Dollar is off more than 2.5% from the April high with Aussie now approaching uptrend support. Here are the levels that matter on the AUD/USD technical charts.

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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...