Crude oil prices made a comeback last week as production cuts previously agreed started to come on stream. Now worries that new sanctions on China could come from the US have set it back again.
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Sunday, 3 May 2020
Gold Price Levels to Watch Amid Failure to Test November 2012 High
The price of gold may face a larger correction in May amid the string of failed attempt to test the November 2012 high ($1754).
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US Dollar May Rise on Trade War Woes: SGD, PHP, MYR, IDR at Risk
The US Dollar may rise against the Singapore Dollar, Philippine Peso, Malaysian Ringgit and Indonesian Rupiah if US-China trade war fears resurface amid coronavirus-stricken GDP.
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AUD/USD Outlook Mired Ahead of RBA Amid Failure to Test March High
AUD/USD may exhibit a more bearish behavior in May as the exchange rate snaps the upward trending channel following the failed attempt to test the March high (0.6685).
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US Dollar and Yen Aim Higher as Stocks Drop, Trump Talks Tariffs
The US Dollar and Japanese Yen are on the upswing while the stocks drop as markets weigh a near-certain global recession and the revival of the US-China trade war.
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Markets Week Ahead: Dow Jones, S&P 500, US Dollar, Non-Farm Payrolls
After a shaky week, the Dow Jones and S&P 500 face what is likely going to be the most severe non-farm payrolls report on record. A deterioration in sentiment could reignite strength in the US Doll...
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Nasdaq 100, FTSE 100 and ASX 200 Forecasts for the Week Ahead
Global equity markets weathered two important central bank decisions last week, but more lie ahead and economic data continues to deteriorate. Will volatility reemerge?
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Saturday, 2 May 2020
USD/MXN Outlook: Mexico GDP Beats Forecasts But Risk Remains to the Downside
Renewed political turmoil and weakening data give USD/MXN the support needed to regain the bullish momentum.
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Euro Forecast: Outlook for EUR/USD Turning More Positive
Confidence in the Euro increased last week, with EUR/USD breaking unexpectedly higher, and that improvement in sentiment could well continue in the week ahead.
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Gold Price Weakness to Linger with RBA and BoE to Stay on Hold
The recent pullback in gold may gather pace in May as the Reserve Bank of Australia (RBA) and Bank of England (BoE) are expected to keep interest rates at a record low.
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US Dollar May Splinter vs FX Majors as Markets Ponder Recession
The US Dollar may yield mixed results against the major currencies as financial markets ponder in earnest a deep global recession courtesy of the Covid-19 outbreak.
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Friday, 1 May 2020
Australian Dollar Price Outlook: AUD/USD, AUD/JPY Reversal Underway?
AUD/USD and AUD/JPY both rebounded more than 15% from their March swing lows. Can the Australian Dollar stretch higher back? Or has a broader reversal in AUD price action already begun?
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US Dollar Drops to Key Support as S&P 500 Tanks to Start May Trade
Stocks just closed out a huge month of April, and shutdown orders have begun to be lifted. But what comes next?
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DAX 30 Price Outlook: Index Probes Trendline Support Ahead of Next Week
The DAX 30 fell toward trendline support in Friday trading as markets experienced a widespread mood of risk aversion. Can the technical level hold the German equity index afloat next week?
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Euro Forecast Post-ECB: EUR/USD, EUR/GBP, EUR/CAD, EUR/AUD
The Euro has been on an absolute tear higher since Thursday's ECB meeting revealed expanded coronavirus stimulus measures. Will the rally in EUR/USD, EUR/GBP, EUR/CAD and EUR/AUD last?
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Bitcoin (BTC) Price Rally: Supportive Higher Lows and 200-DMA Break
Bitcoin‘s recent break higher is still supported by a series of technical indicators but the cryptos volatility and a large indecision candle warrant note.
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Crude Oil Prices May Struggle to Recover as Market Mood Sours
Crude oil prices are struggling to extend a rebound from April’s shocking lows as risk appetite cools across global financial markets.
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S&P 500 Outlook: Sell in May and Go Away?
Stocks Surged in April, However, Risks Remain, Sell in May and Go Away?
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British Pound (GBP) Latest: GBP/USD Consolidates, PM Johnson Fears Second Coronavirus Outbreak
Sterling enjoyed an end of the day rally Thursday, aided by month-end portfolio rebalancing, but talk that PM Johnson fears a second COVID-19 peak may dampen any risk enthusiasm.
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Thursday, 30 April 2020
Apple and Amazon Earnings Highlight Detachment from Real Economy
Apple and Amazon reported earnings Thursday afternoon, rounding out the list of the largest technology stocks in the country. Despite their strong performances, both highlighted coronavirus risks.
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Posts (Atom)
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 -...