Sunday, 31 May 2020

S&P 500, DAX 30 and FTSE 100 Forecasts for the Week Ahead

US-China tensions remain, ECB stands ready to expand QE purchases, EU-UK trade talks in focus.

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Saturday, 30 May 2020

USD/MXN Outlook: Mexican President Sees Opportunity in Worsening US-China Relationship

López Obrador hopes USMCA will help tighten trade relationships between the US and Mexico

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Gold Prices Face RBA, BoC, ECB, US Jobs Data and Brexit Talks

The medium-term gold outlook still seems favorable as the Fed, ECB and more keep rates around 0. Immediate event risk ahead includes the RBA and BoC interest rate decisions, US jobs data and Brexit...

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Friday, 29 May 2020

US Dollar (USD) Outlook: US-China Tensions Likely to Escalate Further

The US dollar continued to sell-off this week and the greenback’s future will be decided by commentary from the White House and not the Federal Reserve over the coming days and weeks.

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Oil Price to Stay Afloat as US Output Falls to Lowest Level Since 2018

The ongoing contraction in US production may keep oil prices afloat in June as crude output falls to its lowest level since October 2018.

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How to Invest During a Recession: Investments & Strategy

Economic recessions are often accompanied by stock market crashes and extended periods of low returns. Here are some of the best investments to hold during a recession.

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US Dollar, Nasdaq, Chinese Yuan React to Trump-China Presser

President Trump formally announces the United States will revoke Hong Kong’s preferential treatment amid escalating China tension. Where is the US Dollar, Nasdaq and Chinese Yuan headed next?

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Upbeat RBA Could Fuel Australian Dollar Strength

The Australian dollar may continue to outperform major counterparts should the Reserve Bank of Australia tame speculation for additional monetary support.

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Euro Breakout or Fake-Out? EUR/USD, EUR/JPY Surge to Fresh Highs

As the prospect of deeper economic integration has shown in Europe, hopes are high for coordination in recovery efforts. But is this a rally or fade for the Euro?

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S&P 500 Price Outlook: VIX Index Sends Bad Omen for Stocks

S&P 500 Index price action slumps into month-end as investors await another potential escalation in US-China tension. Meanwhile, the VIX ‘fear-gauge’ sends an ominous signal and highlights stocks r...

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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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Central Bank Watch: Upcoming Rate Decisions for BOC, RBA, & RBNZ

The trio of central banks overseeing the commodity currencies have already cut their main rates to all-time lows. What’s next?

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EUR/USD, DXY & Gold Price – Charts for Next Week

The Dollar is on the verge of confirming a breakdown while gold has a bullish near-term set-up that it is trying to trigger.

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British Pound (GBP) Latest: GBP/USD Under Pressure Ahead of Next Week's EU/UK Trade Talks

The EU/UK trade talk stalemate is starting to weigh on the British Pound and next week’s talks between the two are becoming increasingly important for GBP-traders.

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Crude Oil Prices May Fall on US-China Tension, Trump Speech Eyed

Crude oil prices may fall as risk appetite fizzles across global financial markets amid signs that tension between the US and China is heating up.

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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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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...