Monday, 22 June 2020

Macro Matters: USD Rising Wedge - Gold, Oil Flirt with Breakouts

As the US Dollar shows breakdown potential, both Gold and Oil prices look to be set up for possible bullish breakouts.

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Weekly Crude Oil Forecast: Draining Storages Buoy Prices

Despite signs that the global economy’s recovery will be slower than previously anticipated, crude oil prices continue to rise on the back of dwindling supplies.

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Markets Week Ahead: S&P 500, Dow Jones, Gold Prices, US Dollar, USD/MXN

Have financial markets avoided a resurgence in volatility? The road ahead for the S&P 500 and Dow Jones is clouded by rising virus cases. What will it take to break gold out of range-bound trade? T...

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GBP/USD, EUR/GBP and FTSE 100 Outlooks - UK Market Webinar

Sterling is struggling to regain Friday’s sharp losses and currently trades in a narrow band against a range of currencies. There is little data of note to excite or depress the British Pound this ...

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British Pound (GBP) Latest: GBP/USD Slowly Moving Higher After Friday's Sell-Off

Sterling is trying to move off its three-week low against the US dollar but any upside looks limited without a fresh driver. Talk that the UK may soon relax the 2-metre rule may help to stabilize t...

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Euro Perched at Key Support as US Dollar Looks to Make a Comeback

EUR perched at key support as the USD benefits from risk aversion. Could contraction in the Fed’s balance sheet fuel further downside for EUR/USD?

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Sunday, 21 June 2020

Crude Oil Prices Up with Stocks But Covid-19 Fears May Cap Gains

Crude oil prices are threatening monthly highs as market sentiment recovers but fears of another large wave of Covid-19 cases may limit scope for gains.

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Gold Price Approaches 2020 High as Fed Balance Sheet Contracts

The price of gold approaches the yearly high ($1765) as the Federal Reserve’s balance sheet contracts for the first time since the outbreak of COVID-19.

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APAC Stocks Walk a Tightrope as Investors Eye Virus Resurgence

Asia-Pacific stocks rebounded after opening the week on a sour note but rising concerns about a second virial wave in the US threatens the prospect of an economic recovery and risk sentiment.

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US Dollar Outlook Eyes Virus Spikes: USD/SGD, USD/IDR, USD/PHP, USD/MYR

The US Dollar could appreciate as investors fear rising cases of the coronavirus. Will this propel USD/SGD, USD/IDR, USD/PHP and USD/MYR higher on average?

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AUD/USD Rate Rebounds Even as RBA Jawbones Australian Dollar

AUD/USD fills the gap from the start of the week even though Reserve Bank of Australia (RBA) Governor Philip Lowe jawbones the Australian Dollar.

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New Zealand Dollar Struggles Continue as RBNZ Comes Into Focus

The New Zealand Dollar is at risk of breaking down against its major counterparts as investors look forward to the upcoming RBNZ meeting.

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Markets Week Ahead: S&P 500, Dow Jones, Gold Prices, US Dollar, USD/MXN

Have financial markets avoided a resurgence in volatility? The road ahead for the S&P 500 and Dow Jones is clouded by rising virus cases. What will it take to break gold out of range-bound trade? T...

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Nasdaq 100, DAX 30 & FTSE 100 Forecasts for the Week

Stocks have stalled near their recent peaks as market participants wrestle with accommodative monetary policy and the threat of a second coronavirus wave. Can stocks continue higher?

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Saturday, 20 June 2020

USD/MXN Outlook: Recent Correction Makes the Peso Attractive

As markets continue to monitor Covid-19 cases, the Mexican Peso is able to contain some of the losses

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Euro Forecast: Outlook for EUR/USD Negative on Second Wave Fears

Fears of a second wave of coronavirus infections as countries ease their lockdown measures will likely keep investors cautious in the week ahead, damaging sentiment towards currencies such as the E...

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Gold Price Outlook, What Can Break the Trading Range?

Gold prices have been struggling to find direction - why? Will a shockwave that sinks the Dow Jones and S&P 500 make itself known? That is a key risk for XAU/USD.

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Friday, 19 June 2020

US Dollar Resurgence May Continue As Fed Balance Sheet Contracts

The US Dollar may continue its recent recovery as the Federal Reserve’s balance sheet contracts $74 billion in the week ending June 17.

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Australian Dollar Outlook Bearish on Concerns of Second Covid-19 Outbreak

AUD may come under pressure in the week ahead as fear of a second-wave of Covid-19 rattles financial markets amid growing China-Australia geopolitical tensions.

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DAX 30 & CAC 40 Price Forecast Tied to Nearby Fibonacci Levels

The DAX 30 and CAC 40 have bounced between two nearby Fibonacci levels as both indices struggle to establish a trend, but the levels may provide range trading opportunities.

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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...