Friday, 29 May 2020

US Dollar Eyes Trump Speech, Beware of Month-End Rebalancing

All eyes on President Trump’s press conference on China as tensions escalate. Beware of month-end rebalancing.

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Thursday, 28 May 2020

USD, JPY May Rise as US-China Tension Over Hong Kong Escalates

The anti-risk US Dollar and Japanese Yen may rise as tension between the US and China escalate over a thorny and familiar topic: Hong Kong.

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USD/CAD Rate Snaps April Range Ahead of Canada GDP Report

Canada’s 1Q GDP report may undermine the recent decline in USD/CAD as the update is expected to show the biggest contraction since the data series began in 1961.

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Australian Dollar May Wilt, Markets Await Trump China News Conference

The Australian Dollar may be at risk to a reversal against the US Dollar after Trump announced a China news conference later today. Until then, financial markets may remain in limbo.

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EUR/USD Forecast: Euro Soars Past 200-DMA on EU Recovery Fund

Euro strength following the proposed €750 billion coronavirus stimulus package propels spot EUR/USD price action to an eight-week high and above its 200-day moving average. Can the Euro keep climbi...

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ASX 200 & Nikkei 225 Forecast: US-China Tensions Threaten Gains

ASX 200 and Nikkei 225 indexes face renewed headwinds from US-China tensions, as COVID-19 and Hong Kong troubles increase risks to global stability

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Canadian Dollar Forecast: Support Breach May Lead to Further Losses

USD/CAD suffered a break beneath support earlier this week which may open the door to further losses in the days ahead.

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AUD/USD Price Outlook: Australian Dollar Risk Reversals Slump

AUD/USD price action edges higher owing to steadfast appetite for risk despite the major threat that building China tension poses to the Australian Dollar and market sentiment, but a reversal may l...

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Gold Price Outlook: XAU Overbought as Cycles Drive the Bullish Trend

Gold prices remain perched near seven-year-highs but long-term overbought readings may hinder short-term bullish continuation.

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Nasdaq 100 Price Outlook: Trading Range Remains Intact, Will it Break?

The Nasdaq 100 has long been the leader of the major US indices and may look to continue its melt higher as long as the ascending channel remains intact. What will create a break?

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Euro Forecast: Key EUR/USD Levels to Watch on Symbolic EU Action

EU recovery fund proposal reduces sovereign risks. Eyes on Bund-BTP spread for Euro signal.

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Equity Markets Look Increasingly Fragile as US-China Tensions Escalate

The Chinese Parliament has just authorized a new security bill for Hong Kong, a move that is expected to draw a rapid response from the US. Will this temper stock market enthusiasm?

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British Pound (GBP) Latest: Brexit Increasingly a Focus for GBP/USD Price

GBP/USD will likely be buffeted increasingly in coming days by renewed talks between the UK and the EU on their post-Brexit relationship.

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Wednesday, 27 May 2020

USD May Rise on Virus-Hit Q1 GDP Data & Jobless Claims Report

The US Dollar may catch a haven bid if secondary Q1 GDP data and jobless claims statistics rattle markets and puts a premium on anti-risk assets.

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Australian Dollar Analysis vs British Pound & New Zealand Dollar

GBP/AUD is trading within a critical support range just above a three-year uptrend as AUD/NZD retreats from five-year resistance. Is a selling streak ahead for both of these pairs?

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New Zealand Dollar, NZD/USD Eye Uptrend Resumption. Dow Jones Gains

The sentiment-linked New Zealand Dollar is attempting to resume its dominant uptrend, but NZD/USD struggled to capitalize on a turnaround in the Dow Jones today.

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US Dollar Eyes Rising China Tension as Jobless Claims Mount

US Dollar found support during Wednesday's trading session driven by rekindled safe-haven demand after Secretary of State Mike Pompeo declared Hong Kong no longer autonomous from China.

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Nasdaq 100 Price Outlook: Trading Range Remains Intact, Will it Break?

The Nasdaq 100 has long been the leader of the major US indices and may look to continue its melt higher as long as the ascending channel remains intact. What will create a break?

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Dow Rallies as Nasdaq 100 Drops - Swapping Trends or Topping Out?

For the past two months the Nasdaq 100 has handily outperformed the Dow but so far this week the script has flipped.

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S&P 500 Forecast: Break Out or Fake Out?

The S&P 500 broke above 3,000 for the first time since March 6 as risk appetite appears to drive equities higher. Will the bullish breach spark a continuation rally or is this a false break?

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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...