Sunday, 10 May 2020

US Dollar Fundamental Forecast: USD/SGD, USD/IDR, USD/MYR, USD/PHP

The US Dollar focuses on external event risk against ASEAN currencies such as the Singapore Dollar, Indonesian Rupiah, Malaysian Ringgit and Philippine Peso. What is in store ahead?

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AUD/USD Rate to Face Record Drop in Australia Employment



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Australian Dollar Eyes Resistance After Push in the Dow Jones

The Australian Dollar ended Friday on an upbeat along with the Dow Jones as sentiment improved. Still, AUD/USD faces what seems to be a formidable range of resistance ahead.

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Markets Week Ahead: US Dollar, Crude Oil Prices, Dow Jones, Fed, RBNZ

The US Dollar trimmed gains as the Dow Jones and crude oil prices rallied into the weekend. Investors continue brushing aside the present for the future. In the background, the Fed is slowing the p...

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Dow Jones, DAX 30 & 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, 9 May 2020

Gold Price Forecast Hinges on Fed Rhetoric, Trade Deal Drama

Gold price outlook remains favorable, but the precious metal might face bearish headwinds if an upcoming speech from Fed Chair Powell downplays the prospect of negative interest rates, or if US-Chi...

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Euro Forecast: How Low Can EUR/USD Go?

EUR/USD has fallen steeply on a bearish German court ruling and some dire economic forecasts from the European Commission. The question for the week ahead is whether all the bad news is now priced in.

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US Dollar Forecast Hinges on Dow Jones, S&P 500, Nasdaq Composite

The US Dollar remains glued to the trajectory of the Dow Jones, S&P 500 and Nasdaq Composite. As slowing virus cases result in gradual lockdown easing, the urgency for stimulus may slow.

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Friday, 8 May 2020

Nikkei 225 & USD/JPY Price Outlook for the Week Ahead

The Japanese Yen and Nikkei 225 have been melting higher in recent weeks following their precipitous decline in February and March. With key barriers nearby, can they continue higher?

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Australian Dollar Market Looks Nervously to Corvid-Hit Jobless Numbers

The Australian Dollar has risen sharply from its coronavirus-inspired March lows, but like all other growth correlated assets must now likely face some grim economic data.

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Stock Market Forecast: Should I Sell in May and Go Away?

Will the ‘sell in May and go away’ stock market anomaly come to fruition this year amid coronavirus recession risk and rekindled US-China trade war tension? Or will Fed balance sheet growth and fis...

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Canadian Dollar Price Outlook: USD/CAD Weakness May Persist

The Canadian Dollar charged higher against its southern counterpart this week as market participants began to consider the possibility of negative interest rates in the United States.

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EUR/USD, USD/JPY, DXY – USD Charts for Next Week

The Dollar remains stuck in limbo as it searches for a clear direction following the wild Q1 swings; some levels to watch in a couple of major currency pairs.

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US Dollar, Gold, Dow Jones React to Catastrophic NFP Report

US Dollar, Gold and Dow Jones respond to April 2020 NFP data that just crossed the wires, detailing a catastrophic rise in unemployment and plunge in nonfarm payrolls, as the coronavirus recession ...

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USD/MXN – US Dollar Nearing a Tipping Point vs Mexican Peso

USD/MXN has been moving its way sideways for a while now, which after the Q1 rally appears to be bullish; but it needs to continue hanging in else view changes.

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Crude Oil Prices Up Despite Catastrophic US Labor Data Expectations

The energy market seems to have made its peace with what are likely to be some of the very worst US employment numbers on record. Hopes for gradual lockdown repeals have kept prices up.

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US Dollar Eyes Jobs Data, NIRP and US-China Trade Cheer Weigh

The US Dollar eyes what promises to be abysmal jobs data, courtesy of Covid-19 having dropped amid bets on negative interest rates and cooling US-China trade tensions.

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Thursday, 7 May 2020

AUD/USD, ASX 200 Fixed on US Jobs Data as RBA Hints Low Rates to Stay

Australian assets didn't move much on a Reserve Bank of Australia Monetary Policy Statement which stuck to recent themes. Official US labor stats are coming up later, and markets are hunkered down ...

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EUR/USD Tracks April Range Ahead of US Non-Farm Payrolls (NFP) Report

EUR/USD appears to be reversing course ahead of the April low (1.0727) as the exchange rate snaps the series of lower highs and lows from the previous week.

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Canadian Dollar Eyes Support as Wall Street Rally Sinks the US Dollar

The Canadian Dollar rose as an upbeat Thursday pushed Wall Street higher and weakened the haven-linked US Dollar. Asia Pacific stocks may rise, perhaps boosting the Australian Dollar.

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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...