Some of the biggest technology names are scheduled to report their quarterly earnings this week, a string of events that could spark price volatility for the tech-heavy Nasdaq 100.
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Monday, 27 April 2020
Dollar vs Mexican Peso Technical Price Outlook: USD/MXN Rally at Risk
Mexican Peso is down more than 8.6% from the April extremes and takes price into a key resistance zone. Here are the levels that matter on the USD/MXN 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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Crude Oil Price Rout Endures, Futures Crash 25% Ahead of GDP
Crude oil prices are retreating to start the trading week with June 2020 futures down nearly 30% as demand woes persist and storage capacity bulges ahead of 1Q-2020 global GDP data reports.
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Weekly Euro Forecast: April ECB Meeting Comes as EUR/JPY, EUR/USD Rates Pressured
Both EUR/JPY and EUR/USD rates are under immense pressure, having made a number of key technical breaks to the downside in recent sessions.
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GBP/USD, EUR/GBP, FTSE 100 Outlooks - Weekly UK Webinar
Encouraging talk that UK PM Boris Johnson is considering partially unwinding coronavirus lockdown measures has booster the British Pound and the FTSE 100. A busy schedule of economic releases and c...
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US Dollar Drop Before FOMC Meeting May Not Last
The US Dollar faces strong selling pressure as the markets hope for more stimulus at this week’s FOMC meeting. They may be in for a disappointment.
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British Pound (GBP) Latest: GBP/USD and FTSE Rally as PM Mulls Lockdown Modifications
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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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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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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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...