The Dow Jones and S&P 500 nervously face the earnings season ascoronavirus deaths could reimpose lockdowns. The DAX 30 eyes an EU rescue package as the FTSE 100 awaits GDP data.
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Friday, 10 July 2020
Euro Forecast: EUR/USD to Find Direction from ECB and EU Summit
Two major events will dominate Euro trading in the coming week: an ECB meeting on Eurozone monetary policy, followed by an EU summit to reach agreement on a recovery fund.
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EUR/USD & AUD/USD in Focus Ahead of ECB, Jobs & Retail Sales
EUR/USD and AUD/USD could experience heightened market activity next week with the Euro, US Dollar, and Australian Dollar primed for volatility around key event risk and data releases on deck.
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XAU/USD Outlook Bearish For Q3 on Financial Risks, Covid-19 Pandemic
Gold prices may surrender to the US Dollar if another wave of the coronavirus hammers global growth prospects and destabilizes the fragile corporate debt market.
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Gold Price Forecast: Fed Balance Sheet Drop May Cap Bullion's Surge
Gold price gains seem to depend on monetary stimulus expansion and may turn lower as contraction of the Federal Reserve’s balance sheet underpins the US Dollar.
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Japanese Yen Q3 Fundamental Outlook, Dow Jones and S&P 500 Eyed
The anti-risk Japanese Yen remains glued to the direction of the Dow Jones and S&P 500 benchmarks for Wall Street. What does the road ahead look like for JPY in the third quarter?
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Mexican Peso Latest: USD/MXN Struggles due to US Dollar Indecision
The Mexican Peso is struggling to find direction against the US dollar and may be looking at a period of consolidation as the US dollar decides its next move.
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British Pound Latest (GBP) - GBP/USD Pullback, EUR/GBP Dips Supported
EU and UK negotiations to carry on its arduous process. EUR/GBP dips to find support.
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Canadian Dollar Outlook: USD/CAD, CAD/JPY Hinge on Employment Data
USD/CAD eyeing a breakout, CAD/JPY poised for further declines should Canadian employment data disappoint.
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Gold Prices Fall with Stocks as US-China Tensions Escalate
Gold prices fell alongside stocks as escalating US-China tensions soured market sentiment, driving haven demand for the US Dollar. More of the same is eyed ahead.
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Thursday, 9 July 2020
AUD/USD Fails to Test June High Despite ‘New Phase’ of Fiscal Stimulus
Failure to test the June high (0.7064) may generate range bound conditions in AUD/USD even though Treasurer Frydenberg plans to unveil a “new phase” of fiscal stimulus.
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Dow Jones Eyes Support, Straits Times Faces Singapore General Election
The Dow Jones and S&P 500 declined as the Nasdaq Composite rose. Ahead, the Shanghai Composite may fall as the Straits Times index eyes the Singapore General Election.
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Crude Oil Prices May Extend Drop After Covid-19 Surge, Biden Speech
Crude oil prices fell as rising coronavirus cases in the US and a populist tilt in comments from Democratic presidential candidate Joe Biden spooked investors. Brent may continue lower in Asia-Paci...
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S&P 500, Dow Jones & Nasdaq 100 Forecast: Earnings Season Arrives
Earnings season has arrived and brings with it the possibility of immense volatility in single shares given the high degree of uncertainty. What does this mean for the Dow Jones, Nasdaq and S&P 500?
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Stock Market Third Quarter Forecast: Covid Concerns & Fed Policy to Clash
Equity markets endured significant volatility last quarter even as they staged a remarkable recovery, but many of the same themes behind the initial crash exist heading into the third quarter.
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Macro Matters: Gold, USD, Equities Pullback - More in Store?
The highflying rally in risk assets is coming into question as coronavirus cases in the US continue to spike. But what does the Fed have to say?
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Australian Dollar Outlook: AUD/USD Price Trend Faces Pushback
Noted by a quick 50-pip tumble across AUD/USD price action, the Australian Dollar has faced fresh selling pressure as the pro-risk Aussie probes technical resistance and China tension sours sentiment.
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S&P 500 Rallies as Key Insiders Dump Stock, Traders Add Shorts
The S&P 500 index may continue pacing higher as traders shift into an increasingly net-short position, but corporate insider activity flash worrying signals for broader market trends.
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Dollar as a Safe Haven or Source of Global Instability?
The US Dollar is the traditional safe haven currency – a boon when global risk is shaken by a pandemic. And yet, that role is not inviolable. With a swell in COVID cases in the US, trade sparks rek...
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Copper Price: Rally Continues Towards Multi-Month High
Copper continues to push ever higher and is now within touching distance of making a fresh 2020 high.
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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....