Monday, 11 May 2020

FX Week Ahead - Top 5 Events: May RBNZ Meeting & NZD/USD Rate Forecast

The Reserve Bank of New Zealand meets on Wednesday, May 13 at 02:00 GMT; rates markets are pricing in a 12% chance of a 25-bps rate cut.

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DAX 30 Forecast: Index Threatens Range Break Out, Awaits GDP

The DAX 30 has traded sideways since early April, establishing little progress in either direction. Trading near the topside of its range, can the index break out?

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Top 5 Events: April US Inflation Report & USD/JPY Rate Forecast

The April US inflation report (consumer price index) is due out on Tuesday, May 12 at 12:30 GMT, and the data are expected to show a sharp pullback in price pressures.

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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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GBP/USD, EUR/GBP Outlooks, UK Q1 GDP Nears - Weekly UK Webinar

UK PM Boris Johnson needs to clarify Sunday’s address to the nation on how and when the UK will come out of lockdown. Brexit talks re-start today while on Wednesday the first look at the devastatio...

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Bitcoin (BTC) Price Action Volatile With Halving Imminent

Bitcoin’s volatility has returned with vengeance over the last few days with a near $2,000 trading range made between Friday’s high and Sunday’s low.

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British Pound (GBP) Latest: GBP/USD Stalls Ahead of Lockdown Unwind Details and Brexit Talks

Sterling has opened the week flat and may struggle to make a decisive break as traders wait for UK PM Johnson to release his COVID-19 unwind proposals, while UK/EU trade talks re-start this afternoon.

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Yen, US Dollar Drop as PBOC Hints China to Boost Stimulus

The Japanese Yen and US Dollar fell while stocks rose as China’s central bank hinted it was preparing to expand stimulus to counter the impact of the Covid-19 outbreak.

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Sunday, 10 May 2020

Crude Oil Prices Pare Early Losses on Hopes of Economic Reopening

Crude oil prices took an early hit on fears of second-wave coronavirus infections in various countries. However, broad risk appetite revival saw prices head back up.

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Gold Price Consolidation Unfazed by NFP Report, Dovish Fed Rhetoric

The price of gold may continue to consolidate following the failed attempt to test the November 2012 high ($1754) as the RSI preserves the bearish formation from April.

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Bitcoin Price: How Will Halving, Coronavirus Affect BTC?

Bitcoin prices may see a pickup in volatility ahead of the 2020 halving as the coronavirus pandemic threatens to disrupt cross-continental BTC mining operations.

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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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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...