The Nasdaq has recovered after stumbling to start the month, shifting its focus to levels that coincide with prior swing highs. Still, looming jobs data could derail the recovery.
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Tuesday, 5 May 2020
S&P 500 Jumps, VIX Sinks Amid Volatility Squeeze; Will it Last?
S&P 500 price outlook has improved as cross-asset volatility benchmarks normalize from financial crisis highs, but VIX term structure suggests investor uncertainty still hangs around extremes.
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FTSE 100 Forecast Ahead of the Bank of England Rate Decision
The FTSE 100 will look to the upcoming rate decision from the Bank of England as it attempts to break above various technical levels overhead.
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Chinese Yuan (CNH) Poses Risks to AUD/USD & NZD/USD - Cross Asset Correlation
US steps up hawkish rhetoric towards China highlighting the rising US election risk. Chinese Yuan to become increasingly in focus.
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US Dollar Rises as ISM NMI Drops to 2009 Low
The ISM NMI dropped to a 2009 low for this past April. Despite the troubling economic data print, the US Dollar pushed higher after the report crossed the wires.
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EUR/GBP Slides Through Initial Support as Euro Worries Mount
EUR/GBP is setting up to test 0.8700 on a combination of Euro weakness and Sterling strength. Important support nears and will have to stand firm to prop up the ailing pair.
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EUR/USD, USD/CAD Charts & Technical Outlook, and More
The Euro remains heavy as it trades around a very long-term technical threshold, USD/CAD remains firm as it digests Q1 rally.
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EUR/USD Hit as Germany Rules That ECB Actions are Against EU Treaty
German Judges dismisses complaints against ECB QE, however, rules that some actions are against EU Treaty.
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Gold Price Struggles as Risk Assets Begin to Shine, Trading Range Tightens
The price of gold is back under $1,700/oz. as markets switch their attention to riskier asset classes. A bid for gold however remains as central banks keep pumping cash into the system.
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British Pound (GBP) Latest: GBP/USD Boosted by Lockdown Hopes
GBP/USD is edging higher as risk assets rise on hopes that the Covid-19 lockdowns will be eased soon in more countries, but caution is called for ahead of Thursday’s Bank of England policy meeting.
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Euro at Risk as German Court Weighs ECB QE Program
The Euro is at risk as Germany’s constitutional court weighs on the ECB’s QE effort. If it rules against the central bank, the single currency may suffer alongside broader risk appetite.
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Monday, 4 May 2020
Australian Dollar Steady, RBA Leaves Rates On Hold As Expected
The Australian Dollar was well prepared for the RBA's May rate call which leaves the Official Cash Rate at 0.25%. The central bank acknowledged an ongoing economic threat from coronavirus but point...
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Gold Prices Down As Many Countries Weigh Covid Lockdown Rollback
Gold prices fell victim to better overall risk appetite as the prospect of a return to economic life gave investors heart. However, uncertainties remain and the market looks well supported.
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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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USD/CAD Stalls as Crude Oil Prices Soar, AUD Faces RBA Next
The USD/CAD stalled at resistance as crude oil prices soared and sentiment recovered. Volatility may be due for the Australian Dollar next as it faces the RBA rate decision.
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S&P 500 Forecast: Airliners Suffer After Buffett Exits Sector Holdings
Airline stocks and funds fell under renewed pressure on Monday after well-known investor Warren Buffett exited his company’s substantial holdings in the airline industry.
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Stock Market Forecast: Should I Sell in May and Go Away?
Coronavirus recession fear and US-China trade war tension threaten to fuel another major downturn in global equities, which could underscore the sell in may and go away stock market anomaly.
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Gold Price Outlook: XAU Coils into May, Will GLD Buyers Hit the Bid?
Gold prices surged by more than 20% from the March lows to the April highs, leading to almost three weeks of mean reversion as markets grapple with projections.
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Dollar vs Mexican Peso Technical Outlook: USD/MXN Coil Continues
Mexican Peso is on the offensive for a second week with price consolidating within the April range. Here are the levels that matter on the USD/MXN technical charts.
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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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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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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....