Tuesday, 16 June 2020

AUD/USD Rate to Face Another Sharp Decline in Australia Employment

The update to Australia’s Employment report may influence AUD/USD as the economy is expected to shed 125K job in May.

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USD Rose on Powell Speech & May Extend Gains on Asian Political Risks

The US Dollar may extend its gains into APAC trade after being catapulted by Powell’s testimony. Regional geopolitical tensions could accelerate AUD/USD’s selloff.

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Euro Stoxx 50 Forecast: Bulls Aim Higher on Improving Global Risk Appetite

The Euro Stoxx 50 index aims to take out a recent multi-month high as bulls look to take advantage of recent momentum afforded by a resurgence in global risk appetite

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Nasdaq 100 Forecast for the Week: Technical Patterns Weakened

A surge in volatility has worked to erode a crucial technical pattern after price broke above and below the confines of an ascending channel. Is the damage a sign of rising instability?

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Canadian Dollar Price Outlook: USD/CAD Bucks Trend, Can Bulls Drive?

USD/CAD has mirrored USD-themes well over the past couple of months and a recent breakdown in the pair remains in full view with possibly more to go.

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Dow Jones Index Trims Gains as Fed Chair Powell Briefs Congress

Dow Jones index strength stepped back as Fed Chair Powell delivered his semi-annual address to congress Tuesday morning

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S&P 500, AUD/USD Drops as China Raises Coronavirus Threat Level

Second wave concerns rise as China raises Coronavirus threat level and plan school closures from tomorrow.

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Central Bank Watch: RBA, RBNZ, & BOC Interest Rate Expectations

As the global economy inches towards recovery, the commodity currencies have enjoyed significant gains. Are we out of the woods?

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Market Sentiment Data Bullish for USD, JPY, CHF | Webinar

IG client sentiment data are pointing to a flow of funds out of riskier assets towards safe havens such as the US Dollar, the Japanese Yen and the Swiss Franc.

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EUR/USD, USD Index, Gold Charts & More

The Euro is at an important spot here, DXY at support, while gold continues a nice consolidation sequence.

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EUR/USD Trendless as Markets Wait for Fed Chair Jerome Powell's Semi-Annual Testimony

EUR/USD is treading water ahead of the latest look at US consumer spending and Fed chair Jerome Powell’s testimony to Congress.

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Gold Prices May Fall as Fed Chair Powell Testifies in Congress

Gold prices may fall if Federal Reserve Chair Jerome Powell strikes an ominous tone with his semi-annual testimony in the Senate, triggering liquidation.

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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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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...