Sunday, 14 June 2020

US Dollar Outlook: Will Fed Spook Investors Again? S&P 500 Eyed

The US Dollar remains glued to the Dow Jones and S&P 500. All eyes turn to local retail sales, Fed Chair Jerome Powell, creeping virus cases and the central bank’s balance sheet.

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Saturday, 13 June 2020

USD/MXN Outlook: Risk-On Recovers Swiftly but Road Ahead is Bumpy

Thursday’s selloff mania has caused a dent in the Peso’s post-covid recovery but buyer support is still abundant

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Euro Forecast: Outlook for EUR/USD Still Positive, Focus on Recovery Fund

The key event for Euro traders to watch out for in the coming week is Friday’s European Council video conference, called to discuss an EU recovery fund and the EU budget.

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Gold Prices May Fall as Virus Cases Rise With Risks of Staggered Reopening

Gold prices may turn lower if sentiment sours and US equity markets plunge amid growing concerns of rising Covid-19 cases and the prospect of a delayed reopening of the economy.

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US Dollar Outlook: Will Fed Spook Investors Again? S&P 500 Eyed

The US Dollar remains glued to the Dow Jones and S&P 500. All eyes turn to local retail sales, Fed Chair Jerome Powell, creeping virus cases and the central bank’s balance sheet.

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Friday, 12 June 2020

Oil Price Recovery to Linger as US Crude Output Continues to Contract

The ongoing contraction in US production may keep the price of oil afloat as crude output narrows for ten consecutive weeks.

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US Dollar, Gold, Crude Oil in Focus with Volatility on the Rise

As volatility skyrockets over the last two trading sessions, the US Dollar and gold climb while stock market benchmarks and crude oil prices experience heavy selling pressure.

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US Dollar Ticks Higher on Upbeat Consumer Sentiment

The US Dollar shifted slightly higher this morning as the University of Michigan consumer sentiment data crossed the wires showing a more upbeat figure than the previous month and beating expectations

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Post-Brexit Trade Talks Latest - EU and UK Upping the Ante on Trade Negotiations

UK PM Boris Johnson and EU Commission President Ursula von der Leyen will speak on Monday in the latest attempt to breathe some life back into the ailing EU/UK trade talks.

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USD, S&P 500 & More – Charts For Next Week

The Dollar may have found a low while the S&P 500 may have found a high for a while; the next few days could go a long way towards helping confirm these views.

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Crude Oil Prices May Bounce But Chart Warns a Top is Forming

Crude oil prices may bounce amid risk appetite recovery but technical positioning continues to warn that a top is taking shape.

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FTSE 100 Holding on to Moving Average Support After Shocking UK Data

The sharp sell-off in risk assets this week has knocked nearly 500 points of the FTSE 100 in one-way trade and the index is now testing support off the 50-day moving average.

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British Pound (GBP) Latest: Record GDP Collapse, GBP/USD Dips

The UK economy had its largest monthly contraction on record in April with GDP crashing 20.4%.

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Thursday, 11 June 2020

EUR/USD Falters as COVID-19 Cases Surge, US Stocks May Recover

EUR/USD has surrendered at key resistance as a surge in US COVID-19 cases sent risky assets spiraling downward. However, US stock futures hint sentiment may recover.

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Indian Rupee, Nifty 50 May Fall. Virus Cases Grow, Consumption Falters

The Indian Rupee and Nifty 50 may fall as local virus cases grow and retail consumption dwindles. Jitters from investors could reignite capital outflows, pushing USD/INR higher.

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USD/CAD Surges, CAD/JPY Plummets as Market Sentiment Sours

The Canadian Dollar has retreated from post-crisis highs as the risk-associated currency suffers from souring market sentiment.

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S&P 500 Index, Crude Oil Outlook Bearish After Uptrends Invalidated

Crude oil prices and the benchmark S&P 500 index may face increasingly-aggressive selling pressure after they both shattered their respective uptrends. What happens next?

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AUD/USD Outlook Mired by RSI Sell Signal Ahead of Fed Testimony

AUD/USD may face a larger correction ahead of the Fed testimony in front of Congress as the RSI falls back from overbought territory and offers a textbook sell signal.

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US Dollar and Yen Surge as Stocks Crater. APAC Equities, AUD to Follow?

US equity markets plunged and catapulted the anti-risk Japanese Yen and US Dollar higher. AUD and Asia-Pacific stocks now brace for what could be an extended selloff in the region.

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Hang Seng Index: Bulls Stumble on Recent Gains as Global Risk Appetite Recedes

The Hang Seng index faces focused political and economic pressure, however, a recent breakdown in risk appetite globally may allow bears to overtake the recent momentum in the index.

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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...