Monday, 11 May 2020

Indian Rupee May Struggle as USD/INR Wobbles, Credit Spreads Widen

The Indian Rupee may struggle against the US Dollar as local credit spreads widen and the country struggles with the coronavirus outbreak. Will USD/INR exit its consolidative state?

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Natural Gas Prices Bounce On Hopes For Covid Lockdown Rollback

Natural gas prices have traded higher with other growth-correlated assets since early April, despite the clear threat of a deep global recession.

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NZD/USD Rate Fails to Test April High Ahead of RBNZ Rate Decision

The Reserve Bank of New Zealand (RBNZ) interest rate decision may drag on NZD/USD if the central bank endorses a dovish forward guidance for monetary policy.

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USD/JPY Breakout May Extend, Nasdaq Composite Outpaces Dow Jones

The USD/JPY may extend its rally after the US Dollar soared in a mixed 24 hours for global equities. The tech-heavy Nasdaq Composite outpaced the Dow Jones Industrial Average.

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Nikkei 225 Technical Forecast: Bulls Seek Daily Close Above April Peak

The Nikkei 225 staged a bullish break above 20,000 as bulls set their sights on April’s price peak as they look to continue the recent leg higher. Can it continue?

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BTC Price Outlook: Bitcoin Halving Prompts Crypto Volatility

Bitcoin halving catalyzes wild BTC price swings as crypto traders digest news of an intrinsic change to the number of Bitcoins per block awarded to miners. How has this impacted Bitcoin price outlook?

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Nasdaq 100 Rallies to Fresh Highs as the Dow Deals with Resistance

The Nasdaq 100 has re-entered positive territory for 2020 following a whopping 41% rally from the March lows.

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Canadian Dollar Price Outlook: USD/CAD Battles the Big Figure 1.4000

After a massive move in March, USD/CAD has spent the past month in a bout of mean reversion.

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AUD/USD Price Outlook: US Dollar Reverses on Powell Speculation

AUD/USD price action edges lower as the US Dollar strengthens with Fed Chair Powell expected to comment on negative interest rate policy at a scheduled speech later this week.

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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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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...