Tuesday, 16 June 2020

FTSE MIB, IBEX 35 Outlook: Recovery Facing Upcoming Hurdles

FTSE MIB and IBEX 35 rebound from last week’s sell-off, however, upside challenges remain.

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British Pound (GBP) Latest: GBP/USD Trend Higher Continues After Jobs Data

GBP/USD continues to claw back the losses of late last week despite UK labor market data showing a larger than expected rise in the claimant count measure of unemployment last month.

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EUR/USD Rally In Danger Despite Fresh Stimulus Injection

EUR/USD at risk of reversal at key resistance despite a burst of optimism in Asia-Pacific trade as the Trump administration pondered a new US$1 trillion infrastructure package.

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Monday, 15 June 2020

US Dollar May Rise with Volatility: USD/SGD, USD/MYR, USD/IDR, USD/PHP

The US Dollar may be readying for a comeback against ASEAN currencies like the Singapore Dollar and Malaysian Ringgit as volatility risk rises. The IDR faces the Bank of Indonesia.

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Silver Prices & Copper at Key Cross Section Ahead of Powell Testimony

Silver and copper prices are trading at critical technical intersections – how might Fed Chairman Jerome Powell’s congressional testimonies affect their respective trajectories?

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AUD/USD Unfazed by RBA Minutes with Employment Report on Tap

The Australian Dollar remained roughly unchanged after the RBA meeting minutes release as an increase in ABS weekly payroll figures led to a surge in the ASX 200.

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USD/CAD Rebound Unravels as Fed Prepares to Purchase Corporate Bonds

USD/CAD pulls back from the weekly high (1.3686) as the Fed announces that the Secondary Market Corporate Credit Facility (SMCCF) will “create a corporate bond portfolio.”

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USD/JPY Rate Outlook Hinges on BoJ Forward Guidance

Forward guidance from the Bank of Japan could determine the fate of the risk-associated USD/JPY, as the central bank is expected to maintain its current monetary policy settings.

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S&P 500 Rejoiced on Fed Buying Corporate Bonds. AUD Eyeing RBA Minutes

The US Dollar fell and US equity markets rejoiced after the Fed announced it was going to purchase individual corporate bonds. AUD/USD rose, but the RBA meeting minutes could curb its rise.

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USD/CAD Forecast: Risk Aversion Sparks US Dollar Revival

A recent spike in risk aversion and volatility following the June FOMC meeting has seen USD/CAD reclaim some of the ground it lost in early March. Now, resistance overhead may complicate a continua...

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Dollar vs Mexican Peso Technical Outlook: USD/MXN Recovery at Risk

Mexican Peso may be poised to mount a counteroffensive against the US Dollar as USD/MXN pulls back into support. Here are the levels that matter on the technical charts.

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US Dollar Eyes Fed Chair Powell Testimony & Second Wave Risk

USD price action peels back from the rebound higher staged late last week, but the broader US Dollar could build upon its reversal attempt owing to threats from a second wave of coronavirus cases a...

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US Dollar Weekly Forecast: After May Fed Meeting & April NFP, Fed Speakers & April Inflation Due Up

The Australian. Dollar has been one of the best performing currencies since the end of March, when risk aversion bottomed out, so to speak.

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Weekly Australian Dollar Forecast: Continuing to Track Broad Risk Appetite

The Australian. Dollar has been one of the best performing currencies since the end of March, when risk aversion bottomed out, so to speak.

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S&P 500, Dow Start Week with Pullbacks and Support Tests

The stock rally cooled last week after Chair Powell's press conference following the FOMC rate decision. Was that a blip or a turning point?

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Markets Week Ahead: US Dollar, Dow Jones, Gold Prices and Volatility Risk

Is volatility risk on the rise and will the US Dollar continue recovering lost ground after the Dow Jones and S&P 500 declined? A plethora of central bank rate decisions will cross the wires next w...

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GBP/USD, GBP/AUD and FTSE 100 Latest - UK Market Webinar

A raft of risk events and data releases are likely to keep UK asset traders on their toes, with a BoE meeting, EU/UK trade talks and the latest from Fed chair Jerome Powell all potential trigger po...

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Crude Oil Prices Sink with Stocks Amid Global Recession Fears

Crude oil prices fell alongside stocks and other cyclical assets at the start of the trading week in what appeared like the return of global recession fears.

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British Pound (GBP) Latest: GBP/USD Facing A Storm of Risk Events

This week brings a slew of important UK data, a Bank of England policy meeting and the latest EU/UK trade talk update. And GBP/USD traders should also be aware that Fed chair Powell speaks to Congr...

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DAX 30 Breaks 12-Week Uptrend As COVID-19 Fears Spook Markets

Risk appetite all but evaporated in Asia-Pacific trade as a surge in COVID-19 cases in China spooked market participants. Germany’s DAX stock index may continue to fall.

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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...