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Dow Surges Despite Record Plunge in Markit PMI on Coronavirus

Posted: 24 Mar 2020 07:19 AM PDT

Despite a record-smashing drop in the latest IHS Markit PMI amid the coronavirus outbreak, the Dow Jones jumped 6% as investors remain hopeful that the Fed and fiscal stimulus can offset economic f...

Market Sentiment Improves But Confidence Still Fragile | Webinar

Posted: 24 Mar 2020 06:30 AM PDT

Trader confidence has increased on the Federal Reserve's action to boost liquidity and hopes of a fiscal package to boost the US economy. However, the market rally is fragile and may not last long.

EUR/GBP Continues to Bounce Against Stubborn Resistance,Where Next?

Posted: 24 Mar 2020 06:30 AM PDT

The recent rally in EUR/GBP has come to an abrupt halt with resistance capping the pairs upside movement. Both currencies are under pressure, but Sterling looks set to have the upper-hand in the sh...

US Dollar, GBP/USD, USD/JPY, S&P 500 Analysis: Cross-Asset Correlation

Posted: 24 Mar 2020 04:59 AM PDT

Cross-asset correlations rise sharply as the spread of the coronavirus prompts aggressively deleveraging.

EUR/USD Price: Rally at Risk after Shocking Eurozone PMI Data

Posted: 24 Mar 2020 02:17 AM PDT

The overnight rally in EUR/USD may soon reverse after the latest set of Eurozone sentiment readings missed even the most pessimistic expectations.

British Pound (GBP) Latest: GBP/USD Stabilizes, Outlook Improves

Posted: 24 Mar 2020 02:00 AM PDT

Sterling has steadied and the outlook has brightened for GBP/USD as the Federal Reserve's promise of unlimited US Dollar funding continues to help riskier assets such as GBP, AUD and crude oil.

EUR/USD Analysis Ahead of Crucial US, Eurozone PMI Data

Posted: 24 Mar 2020 01:00 AM PDT

EUR/USD may fall if PMI data out of the two largest economies in the world stokes demand for liquidity and pushes the US Dollar higher.

Gold Prices Rise As Coronavirus Stimulus Curbs Cash-Out Impulse

Posted: 24 Mar 2020 12:10 AM PDT

Gold prices rose as hopes for massive economic life support curbed the previously overwhelming rush into cash. Enduring stock market gains saw some of that advance pared though.

USD/CAD Levels to Watch Following Failed Attempt to Test 2016 High

Posted: 23 Mar 2020 11:00 PM PDT

USD/CAD appears to be reversing course ahead of the 2016 high (1.4690), with the Relative Strength Index (RSI) on its way to flash a textbook sell signal.

Silver Prices Rise as Coronavirus Money Printing Ramps Up

Posted: 23 Mar 2020 09:00 PM PDT

Silver and gold prices have had a fascinating 2020, counterintuitively falling as the coronavirus' economic hit has become horribly apparent. A rebound is now afoot.

US Dollar Soars as USD/IDR Pursues Best Month Since 1997 Asia Crisis

Posted: 23 Mar 2020 08:00 PM PDT

The US Dollar soared against the Indonesian Rupiah, with USD/IDR eyeing its best month since the 1997 Asia financial crisis amid the coronavirus outbreak. Can this trend continue?

Bitcoin Price: How Will Halving, Coronavirus Affect BTC?

Posted: 23 Mar 2020 07:00 PM PDT

Bitcoin prices may see a pickup in volatility ahead of the 2020 halving as the coronavirus pandemic threatens to disrupt cross-continental BTC mining operations.

EUR/USD Rebounds as Fed Plans to Purchase CMBS But Will It Last?

Posted: 23 Mar 2020 06:00 PM PDT

The recent rebound in EUR/USD may prove to be short lived as the US Dollar benefits from the flight to safety.

Canadian Dollar Sinks as Crude Oil Prices Swing, USD May Weaken

Posted: 23 Mar 2020 05:00 PM PDT

The Canadian Dollar sank as crude oil prices swung with USD/CAD stalling under 2016 peaks. Futures markets hint a cautiously upbeat mood may be next, placing the US Dollar at risk.

Australian Dollar & ASX 200 Price Outlook Amid Coronavirus Outbreak

Posted: 23 Mar 2020 03:30 PM PDT

The Australian Dollar and stock market have suffered weeks of declines as the global economy grinds to a halt amid ongoing coronavirus containment procedures across the world, what's next?

USD/MXN Forecast: US Dollar to Mexican Peso Extends Parabolic Climb

Posted: 23 Mar 2020 02:30 PM PDT

The near-vertical breakout in spot USD/MXN price action keeps ramping higher as the US Dollar surges another 3% against the Mexican Peso. How much longer might the rally in USD/MXN last?

Gold Price to Resume Ascent as Fed Asset Purchases Balloon

Posted: 23 Mar 2020 11:54 AM PDT

Gold looks geared up to recommence its meteoric rise, perhaps to new highs, following unprecedented news that the Fed looks to purchase an unlimited amount of US Treasuries.

Canadian Dollar Price Outlook: USD/CAD Virus Breakout may be Overdone

Posted: 23 Mar 2020 11:30 AM PDT

Canadian Dollar plunged 11.7% YTD vs US Dollar with USD/CAD testing key resistance near five-year highs. Here are the trade levels that matter on the technical charts.

S&P 500, Nasdaq 100 in Focus After Fed Launches QE-Infinity

Posted: 23 Mar 2020 11:15 AM PDT

It's been a brutal past month across risk markets. But the sell-off in the Nasdaq 100 has, so far, been tame by comparison. Will Congress deliver on hopes for a fiscal stimulus package?

Dow Jones Price Outlook: Boeing to Undermine Index Further, Support Eyed

Posted: 23 Mar 2020 10:30 AM PDT

The Dow Jones may lag the S&P 500 and Nasdaq 100 as one of its main components falls under immense pressure. Consequently, the DJIA has broken beneath levels the other two indices have not.
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