Boris Johnson is back at No.10 today and there is talk that the PM may well decide to modify parts of the UK lockdown ahead of the May 7 deadline. Sterling and the FTSE both getting a positive boost.
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Monday, 27 April 2020
Sunday, 26 April 2020
Crude Oil Prices Lower As Coronavirus Demand Plunge Fills Storage
Crude oil prices continue to struggle with a vast glut of supply at a time when demand is crumbling. News that US facilities hold nearly as much as they ever have has set prices back.
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Gold Price Fails to Test November 2012 High Ahead of FOMC Meeting
The price of gold may consolidate ahead of the Federal Reserve interest rate decision on April 29 amid the string of failed attempt to test the November 2012 high ($1754).
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Japanese Yen Up, Nikkei 225 Down After BOJ Expands Policy Support
The Japanese Yen rose while the Nikkei 225 stock index declined as the Bank of Japan expanded its stimulus efforts and slashed economic projections amid the Covid-19 outbreak.
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US Dollar, ASEAN Fundamental Outlook: SGD, IDR, MYR and PHP
The US Dollar and ASEAN FX remain glued to market sentiment. The Singapore Dollar, Indonesian Rupiah, Malaysian Ringgit and Philippine Peso eye earnings, the Fed and US GDP.
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EUR/USD Rate Outlook Hinges on Euro Area 1Q GDP Report & ECB Meeting
The Euro Area 1Q Gross Domestic Product (GDP) report may drag on EUR/USD as the update is anticipated to show the first contraction since 2013.
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Australian Dollar May Rise as Week Starts After Dow Jones Rallied
The Australian Dollar may pressure resistance after the Dow Jones rallied, opening the door for Asia Pacific equities to rise at this week’s onset which may leave the Yen vulnerable.
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S&P 500, DAX 30 and FTSE 100 Forecasts for the Week Ahead
Economies are now beginning to re-open, however, the question remains as to what a post-lockdown world will look like.
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Saturday, 25 April 2020
Euro Forecast: Outlook for EUR/USD Still Bearish
The prospect of a severe contraction in the Eurozone economy, combined with the region’s slow and complex decision-making process, will likely lead to further losses for EUR/USD in the week ahead.
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Gold Price Outlook Bullish as Liquidity Gushes, Recession Looms
Gold price action popped 2.7% higher last week as central bank asset purchases continue to bulge and flood the market with liquidity, but can the precious metal keep extending its bullish breakout?
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US Dollar Outlook Bullish on FOMC as Virus-Induced Recession Risks Swell
The US Dollar may rise if demand for liquidity surges and pushes the haven-linked Greenback higher as the global growth outlook deteriorates. The FOMC rate decision may fan these flames.
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Friday, 24 April 2020
Oil Price Fundamental Outlook Mired by Great Lockdown
The economic shock from COVID-19 may continue to drag on the price of oil as the Great Lockdown disrupts global demand, with the crude surplus raising the cost of storage.
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VIX Crumbles as Crude Oil Volatility Ebbs, Complacency Builds
The VIX Index, or fear-gauge, is on pace to record its lowest close since March 05 as crude oil price volatility normalizes. Will the VIX keep bleeding lower or have markets turned complacent?
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How to Invest During a Recession: Investments & Strategy
Economic recessions are often accompanied by stock market crashes and extended periods of low returns. Here are some of the best investments to hold during a recession.
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Australian Dollar Faces Key CPI Data, Coronavirus Will Blunt Its Impact
The Australian Dollar market normally focuses laser-like on inflation data which comes only once a quarter. The coming set, however, will likely see its impact severely blunted.
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Dow Jones Technical Forecast for the Week Ahead
The Dow Jones lags the Nasdaq and S&P 500 but has climbed nevertheless. If risk appetite continues in the week ahead, the Industrial Average may have to negotiate multiple barriers overhead.
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USD/BRL Volatility Surges on Moro Resignation
Brazil's Minister of Justice, Sergio Moro, resigned Friday as political turmoil in the country continues. The Real continued to underperform its emerging market peers.
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Canadian Dollar Price Outlook: Loonie on Offense as Oil Stabilizes
Canadian Dollar is holding a well-defined range just above the April open into the close of the week. Here are the levels that matter on the USD/CAD technical charts.
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Central Bank Watch: Carry Trade Yield Appeal Wiped Out for AUD, CAD & NZD
G10 currencies’ central banks are taking extraordinary measures to stem the economic fallout from the coronavirus pandemic.
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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...
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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....