The Dow Jones and the S&P 500 ended this past week in a position to perhaps set up a recovery for anti-risk assets like the US Dollar and Japanese Yen. Gold is appearing to breakout higher as finan...
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Monday, 29 June 2020
GBP/USD, EUR/GBP and FTSE 100 Weekly Updates - UK Market Webinar
Sterling remains on the back foot and is touching a fresh one-month low against the US dollar. If support fails to hold, GBP/USD could fade further with little in the way of any technical support b...
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British Pound (GBP) Latest: Brexit Trade Talks, Government Spending Plans
Trade talks between the EU and UK will continue this week, while UK PM Boris Johnson is expected to announce a major spending plan on Tuesday to help re-boot the ailing economy.
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DAX Perched at Support, EUR/USD Confined by Bull Flag Formation
EUR/USD looks poised for a potential breakout, while Germany’s DAX 30 is perched at pivotal support as global coronavirus deaths surpass 500,000.
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Sunday, 28 June 2020
Gold Price Outlook: Bullish Behavior May Persist Ahead of FOMC Minutes
The price of gold may continue to exhibit a bullish behavior ahead of the FOMC Minutes as the reversal from the May low ($1670) appears to be gathering pace.
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US Dollar Could Rise Versus ASEAN FX as Coronavirus Overshadows Data
The US Dollar could rise as prospects of lockdown reversals as coronavirus cases overshadow upbeat economic data. What else is ahead for USD/SGD, USD/PHP, USD/IDR and USD/MYR?
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GBP, USD & AUD Brace for Cross-Continental Geopolitical Risks
The British Pound, US Dollar and Australian Dollar may experience higher-than-usual volatility ahead of a plethora of cross-continental geopolitical risks amid a spike in Covid-19 cases.
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Japanese Yen Outlook: AUD/JPY Dictated by Coronavirus Volatility
Haven demand has fueled the recent strength in the Japanese Yen as coronavirus cases continue to climb while trade tensions escalate.
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Hang Seng Index, US Equity Futures at Risk as Covid-19 Cases Surge
APAC stocks may fall at the open after Wall Street trade ended a downbeat note last Friday. Surging virus cases around are world reinforcing the fear of another Covid-19 wave.
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NZD/USD Consolidation Generates Drop in Net-Short Interest
The range bound price action in NZD/USD appears to be generating profit-taking behavior as the IG Client Sentiment report reveals a drop in net-short interest.
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S&P 500, Crude Oil Prices, Energy ETFs: Relations and Correlations
The outlook for the S&P 500 seems to have become more important than the price of crude oil for some energy sector ETFs. Will this dynamic last and what are the risks ahead?
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Canadian Dollar Trading: US Economic Growth Takes Center Stage
A macro forex trading guide exploring the US-Canada relationship and how to trade the Canadian Dollar through the prism of the Core-Perimeter model.
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AUD, APAC Stocks May Extend Losses on Growing Covid-19 Cases
AUD and Asia-Pacific stock markets may extend their losses versus the haven-linked US Dollar as growing Covid-19 cases continues to spoil risk appetite.
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Markets Week Ahead: Dow Jones, US Dollar, Gold Prices, Rising Virus Cases
The Dow Jones and the S&P 500 ended this past week in a position to perhaps set up a recovery for anti-risk assets like the US Dollar and Japanese Yen. Gold is appearing to breakout higher as finan...
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S&P 500 and FTSE 100 Forecasts for the Week Ahead
Global equity markets at risk from rising coronavirus cases. UK assets remain unloved over Brexit
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Saturday, 27 June 2020
USD/MXN Outlook: Banxico Steps in but Risk Sentiment Continues as Main Driver
As new virus cases increase at an undesirable rate worldwide, risk-on assets like the Peso continue to be at the mercy of risk sentiment
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Euro Forecast: Choppy Trading Likely in EUR/USD on Quarter-End Flows
The coming week sees the start of a new month and a new quarter, when portfolio rebalancing could result in turbulent trading in major assets, including EUR/USD and the Euro crosses.
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Gold Price May Ride the Tailwind of Virus Uncertainty, Soft US Dollar
Gold prices may rise as global virus uncertainty boosts demand for safety. US Dollar weakness amid accommodative central bank policy could provide added support.
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US Dollar May Rise: Non-Farm Payrolls, Jobless Claims, FOMC Minutes Eyed
The US Dollar may rise as initial jobless claims stabilize at historically elevated levels. Non-farm payrolls may surprise higher, but FOMC minutes could sink the S&P 500 and boost USD.
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Friday, 26 June 2020
Crude Oil Prices May Fall on Rising Virus Cases. Growth Outlook at Risk?
Crude oil prices may come under pressure as the number of Covid-19 cases in the world’s largest economy continue to surge and threaten to derail the already-dented growth outlook.
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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...
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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....