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Thursday, 16 July 2020

Euro Forecast: Bull Moves Unphased by July ECB Meeting - Key Levels for EUR/JPY & EUR/USD

The tone of the July ECB press conference was cautiously optimistic, with ECB President Lagarde stressing that an “ambitious and coordinated fiscal stance remains critical.”

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EUR/USD Flat as ECB Leaves Policy Unchanged, Eyes Turn to EU Summit

The European Central Bank has left Eurozone monetary policy unchanged, as expected, leaving Euro traders free to concentrate on a European Council meeting to discuss a proposed EU recovery fund.

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Bitcoin (BTC) Sliding Into Multi-Week Range Support

Bitcoin has broken below the short-term moving average and is heading back towards the USD9,000 level. Volatility remains at a multi-month low.

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Japanese Yen May Win Safe-Haven Battle Over US Dollar: NZD/JPY at Risk

As upside in equity markets stall, the Japanese Yen stands to benefit against risk sensitive currencies.

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British Pound (GBP) Latest: GBP/USD Still Weak After UK Jobs Data

GBP/USD is continuing its modest trend lower in the wake of UK labor-market data showing an unexpected fall in the claimant count measure of unemployment last month.

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EUR/CHF, EU Stoxx 50 Index Stalling as Investors Eye ECB, EU Summit

The EUR/CHF exchange rate and the EU Stoxx 50 index are stalling at chart resistance as investors eye the ECB rate decision and EU special summit.

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Gold Prices May Fall as the US Dollar Rebounds in Risk-Off Trade

Gold prices may turn lower alongside stocks and cyclical commodities like crude oil as a defensive turn in market sentiment buoys the US Dollar.

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Wednesday, 15 July 2020

EUR/USD Forecast: 2020 High on Radar as Bull Flag Pattern Unfolds

EUR/USD now appears to be on track to test the 2020 high (1.1495) as a bull flag formation unfolds ahead of the ECB interest rate decision.

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AUD/USD, ASX 200 Plunge as Jobless Rate Surges to 22-Year High

The AUD/USD exchange rate and ASX 200 stock index plunged as Australia’s jobless rate surged to its highest levels in 22 years.

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BTC Price Outlook: Bitcoin Chart Coiled, Pennant Breakout Eyed

Bitcoin has faced selling pressure since early June, but as the cryptocurrency consolidates into a bullish pennant formation, BTC price action may be gearing up for another massive move.

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USD/CAD Rate Eyes June Low on Wait-and-See BoC Policy

USD/CAD may continue to give back the advance from the June low (1.3315) as the Bank of Canada (BoC) endorses a wait-and-see approach for monetary policy.

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AUD Volatility Ahead? AUD/USD Eyes Australian Jobs & China GDP

The Australian Dollar may experience higher-than-usual volatility ahead of a data-packed session with local jobs and Chinese GDP data as Asia-Pacific trade’s main focus.

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US Dollar Forecast: Testing Major Channel Support - Levels for DXY Index

The US Dollar (via the DXY Index) has been slowly descending towards significant uptrend support, with all but three days in July thus far producing losses.

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Nasdaq 100 Forecast: Netflix Earnings Loom as Tech Sentiment Teeters

Netflix marks the first earnings report from a member of the widely watched FANGMAN group, a collection of stocks that are integral to the Nasdaq’s recent success. Sentiment hangs in the balance.

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Euro Price Analysis: EUR/USD Tests Resistance Ahead of ECB, EU Summit

EUR/USD is testing a huge area on the chart and there are a couple of large potential drivers on the horizon for the single currency. Can bulls push through?

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Mexican Peso Outlook at the Mercy of US Economic Trends

Understanding the US-Mexico relationship and how the ebb and flow of economic activity in the former impacts the latter is crucial for trading USD/MXN.

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Canadian Dollar Mixed on BoC Decision; QE Continues as CPI Slumps

CAD price action took a tumble after the latest Bank of Canada monetary policy statement, which conveyed a dovish tone amid muted inflation outlook as economic slack could persists into 2022.

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