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Forex Week Ahead – Central banks back to the fore

Forex-week-ahead-central-banks-back-to-the-fore_FXPIG

Coronavirus developments closely monitored

What a start to the year it’s been. There was so much that could have gone wrong in the opening weeks of 2020 and yet, it’s been the completely unexpected that’s rocked the markets.

This week it was the spread of Coronavirus that’s making investors nervous. We’re not in full panic mode just yet but there’s clearly tensions building and the near-3% declines in China on the final day of trading before the new year holiday is a prime example of that.

Central banks come back to the fore next week with a possible rate cut from the Bank of England and first Federal Reserve meeting of the year the standout events. The meeting marks a end to a messy tenure for BoE Governor Mark Carney and he could be going out with one final rate cut.

Key Economic Events This Week

Monday, Jan 27th

Local Start DateCountryRelevanceIndicator NamePeriodReuters Poll27 Jan 2020DenmarkLowRetail Sales YYDec
27 Jan 2020GermanyHighIfo Business Climate NewJan97.027 Jan 2020GermanyHighIfo Curr Conditions NewJan99.227 Jan 2020GermanyHighIfo Expectations NewJan95.027 Jan 2020MexicoLowRetail Sales YYNov
27 Jan 2020United StatesLowBuild Permits R NumbDec
27 Jan 2020United StatesHighNew Home Sales-UnitsDec0.725M27 Jan 2020United StatesLowNew Home Sales Chg MMDec0.8%

Tuesday, Jan 28th

28 Jan 2020SpainMediumUnemployment RateQ4
28 Jan 2020SwedenMediumRetail Sales YYDec
28 Jan 2020MexicoLowTrade Balance, $Dec
28 Jan 2020RussiaLowRetail Sales YYDec2.7%28 Jan 2020RussiaHighUnemployment RateDec4.6%28 Jan 2020HungaryHighHungary Base RateJan0.90%28 Jan 2020HungaryHighO/N Deposit RateJan-0.05%28 Jan 2020United StatesHighDurable GoodsDec0.4%28 Jan 2020United StatesHighConsumer ConfidenceJan127.228 Jan 2020United StatesNot RatedAPI weekly crude stocks20 Jan, w/e#N/P

 Wednesday, Jan 29th

29 Jan 2020AustraliaHighCPI QQQ40.6%29 Jan 2020AustraliaHighCPI YYQ41.7%29 Jan 2020ThailandMediumManufacturing Prod YYDec
29 Jan 2020GermanyMediumGfK Consumer SentimentFeb9.629 Jan 2020SpainMediumRetail Sales YYDec
29 Jan 2020HungaryLowUnemployment Rate 3MDec
29 Jan 2020United StatesNot RatedEIA Weekly Crude Stocks20 Jan, w/e
29 Jan 2020United StatesHighFed Funds Target Rate29 Jan1.5-1.7529 Jan 2020South KoreaLowBOK Manufacturing BSIFeb
29 Jan 2020New ZealandMediumTrade BalanceDec

Thursday, Jan 30th

30 Jan 2020NorwayMediumRetail Sales Ex. AutoDec-0.6%30 Jan 2020DenmarkHighUnemployment RateDec
30 Jan 2020SwitzerlandHighKOF IndicatorJan96.530 Jan 2020Hong KongLowImportsDec
30 Jan 2020Hong KongLowExportsDec
30 Jan 2020GermanyHighUnemployment Rate SAJan5.0%30 Jan 2020ItalyMediumUnemployment RateDec9.7%30 Jan 2020Euro ZoneHighUnemployment RateDec7.5%30 Jan 2020United KingdomMediumBOE MPC Vote HikeJan030 Jan 2020United KingdomMediumBOE MPC Vote UnchangedJan630 Jan 2020United KingdomMediumBOE MPC Vote CutJan330 Jan 2020United KingdomHighBOE Bank RateJan0.75%30 Jan 2020United KingdomLowGB BOE QE GiltsJan435B30 Jan 2020United KingdomHighGB BOE QE CorpJan10B30 Jan 2020MexicoNot RatedGDP YY FlashQ4
30 Jan 2020MexicoNot RatedGDP QQ FlashQ4
30 Jan 2020GermanyHighHICP Prelim YYJan1.7%30 Jan 2020RussiaLowCbank Wkly Reserves20 Jan, w/e
30 Jan 2020United StatesHighGDP AdvanceQ42.1%30 Jan 2020United StatesHighInitial Jobless Claims20 Jan, w/e
30 Jan 2020CanadaNot RatedAverage Weekly Earnings YYNov
30 Jan 2020South KoreaMediumIndustrial Output YYDec
30 Jan 2020JapanHighCPI Tokyo Ex fresh food YYJan0.8%30 Jan 2020JapanHighCPI, Overall TokyoJan
30 Jan 2020JapanHighJobs/Applicants RatioDec1.5630 Jan 2020JapanHighUnemployment RateDec2.3%30 Jan 2020JapanHighIndustrial O/P Prelim MM SADec0.7%30 Jan 2020JapanMediumRetail Sales YYDec-1.8%30 Jan 2020JapanNot RatedLarge Scale Retail Sales YYDec

 Friday, Jan 31st  

31 Jan 2020United KingdomMediumGfK Consumer ConfidenceJan-931 Jan 2020China (Mainland)LowNBS Non-Mfg PMIJan
31 Jan 2020China (Mainland)HighNBS Manufacturing PMIJan50.031 Jan 2020China (Mainland)Not RatedComposite PMIJan
31 Jan 2020SingaporeLowUnemployment Rate Prelim SAQ4
31 Jan 2020FranceHighGDP Preliminary QQQ40.2%31 Jan 2020FranceNot RatedGDP YY PrelimQ4
31 Jan 2020GermanyMediumRetail Sales YY RealDec
31 Jan 2020TurkeyMediumTrade BalanceDec
31 Jan 2020SwitzerlandMediumRetail Sales YYDec
31 Jan 2020ThailandMediumExports YYDec
31 Jan 2020ThailandMediumImports YYDec
31 Jan 2020FranceHighCPI (EU Norm) Prelim YYJan1.7%31 Jan 2020SpainHighEstimated GDP QQQ40.4%31 Jan 2020SpainMediumEstimated GDP YYQ41.7%31 Jan 2020NorwayMediumReg’d Unemployment SAJan76.70k31 Jan 2020ItalyHighGDP Prelim QQQ40.1%31 Jan 2020ItalyHighGDP Prelim YYQ40.3%31 Jan 2020Euro ZoneHighHICP Flash YYJan1.4%31 Jan 2020Euro ZoneHighGDP Flash Prelim YYQ41.1%31 Jan 2020Euro ZoneHighGDP Flash Prelim QQQ40.2%31 Jan 2020South AfricaMediumTrade Bal (Incl. Region)Dec12.00B31 Jan 2020United StatesMediumPersonal Income MMDec0.3%31 Jan 2020United StatesMediumPersonal Consump Real MMDec
31 Jan 2020United StatesHighConsumption, Adjusted MMDec0.3%31 Jan 2020United StatesMediumCore PCE Price Index MMDec0.2%31 Jan 2020United StatesLowCore PCE Price Index YYDec1.6%31 Jan 2020United StatesLowPCE Price Index YYDec
31 Jan 2020CanadaHighGDP MMNov
31 Jan 2020United StatesHighU Mich Sentiment FinalJan99.3

Country

UK

The Brexit bill as received royal ascent, which means that – in case it wasn’t already clear – the UK will leave the EU on 31 January and enter into the 11-month transitional period. This is subject to EU lawmakers passing the Brexit deal on Wednesday but there’s not expected to be any complications there. Although it would be very Brexit if there was one last twist.

There may be no big ben bong for Brexit – if you’ve not heard this story, I envy you – but the trade negotiation phase can now get underway. Not only is the UK keen to agree a new relationship with the EU in that time, it also has admirable ambitions to strike one with the US as well. That may be less complex but at the same time, it doesn’t make for an enjoyable 11 months for UK civil servants.

Thankfully this coming week the topic of conversation will instead focus around the Bank of England. Thursday’s meeting has gone from a fond farewell to Mark Carney (although Brexiteers may remember him less fondly) to an actual live meeting. Carney leaves the BoE in mid-March, before the next meeting later that month. It’s become a coin toss for a rate cut which typically means it will be unchanged but odds have fluctuated quite dramatically over the last couple of weeks so that could change as we get closer to the vote.

US

The Fed is on hold and while no one expects any changes to the target range, policymakers could tweak the IOER and provide some clarity on how they will end their purchases of Treasury bills next quarter.  The January FOMC meeting will likely see limited changes as the data since the December meeting has been slightly softer but countered by improved optimism following the US-China phase-one deal.

The dollar will stubbornly remain strong on safe-haven flows, but long-term Fed policy should provide a backdrop for weakness, as the Fed seems set for a path to see further balance sheet growth.

Mexico

The Mexican peso will look to see if it remains one of the best performing currencies in LATAM.  The focus for peso traders will fall on preliminary fourth quarter GDP reading.  Mexico is likely to see a boost from the USMCA deal and while we could see a soft GDP reading raise calls for one more easing, we may only see one or two more cuts by the Banxico.  Mexico has one of the best outlooks in LATAM and if the central bank maintains a high overnight rate, carry traders may find the peso very attractive in 2020.

Hong Kong

Coronavirus is front and centre of concerns as Chinese New Year starts tomorrow on the Mailand. Hong Kong is off from Monday to Wednesday. A SARS-like induced economic slowdown could be a body blow to Hong Kong economy already in a protest induced recession.

One silver lining is that protests will likely be muted by coronavirus fears. An escalation in the coronavirus emergency could see Hong Kong stocks collapse next week on their return to work.

China

Coronavirus concerns are increasing with more cases and deaths and the complete quarantining of Wihun city and its 11 million people. Chinese stock markets fell 2.75% today. China is now on holiday until the 30th of January.

A serious escalation of coronavirus emergency could see China stockmarkets collapse on Friday 31st and the risk of a recession come very quickly. The yuan could depreciate quickly, upsetting the United States.

India

India’s Supreme Court to release judgement on the legality of Modi’s citizenship law. Protests are possible and if Supreme Court backs Modi, foreign direct investment could dry up, deepening India’s slowdown. Some parts of the financial sector are still on life support. Potentially very negative for the the rupee and Indian equities.

Market

Oil

Oil prices have been quite volatile this week, not to mention one area that’s been particularly sensitive to the breakout of Coronavirus. Fears about the economic impact of a more severe outbreak appear to have hit oil prices at a time when demand dynamics are already a point of concern.

This is a very different response to what we saw in the aftermath of the Libya outage, which says a lot about where the concerns really lie in these markets. Brent has sold off quickly though so may be less sensitive to modest increases in the spread of the virus. Support may start to come in as it approaches $60.

Gold

Gold prices have been relatively stable over the last couple of weeks since events in the middle east settled down. Rallies are being sold into at the moment which signals weakness but the breakout of Coronavirus could complicate things.

We’re not seeing any significant safe haven moves right now but as the close in China on Thursday, prior to the weeklong new year holiday, risk aversion is creeping in. That could become more pronounced as the virus spreads and be supportive for gold prices.

Bitcoin

Bitcoin is as volatile as ever and enthusiasts are desperate as ever to attribute any market event that impacts regular instruments to the cryptocurrency market. We saw it earlier this year with the escalation in the middle east but they’ve gone a little quiet this week.

Bitcoin has been paring gains even as investors become a little more cautious, once again raising huge question marks over its haven status. Still, enthusiasts are relentless and that keeps the market volatile.

Source: marketpulse

Coronavirus developments closely monitored

What a start to the year it’s been. There was so much that could have gone wrong in the opening weeks of 2020 and yet, it’s been the completely unexpected that’s rocked the markets.

This week it was the spread of Coronavirus that’s making investors nervous. We’re not in full panic mode just yet but there’s clearly tensions building and the near-3% declines in China on the final day of trading before the new year holiday is a prime example of that.

Central banks come back to the fore next week with a possible rate cut from the Bank of England and first Federal Reserve meeting of the year the standout events. The meeting marks a end to a messy tenure for BoE Governor Mark Carney and he could be going out with one final rate cut.

Key Economic Events This Week

Monday, Jan 27th

Local Start DateCountryRelevanceIndicator NamePeriodReuters Poll27 Jan 2020DenmarkLowRetail Sales YYDec
27 Jan 2020GermanyHighIfo Business Climate NewJan97.027 Jan 2020GermanyHighIfo Curr Conditions NewJan99.227 Jan 2020GermanyHighIfo Expectations NewJan95.027 Jan 2020MexicoLowRetail Sales YYNov
27 Jan 2020United StatesLowBuild Permits R NumbDec
27 Jan 2020United StatesHighNew Home Sales-UnitsDec0.725M27 Jan 2020United StatesLowNew Home Sales Chg MMDec0.8%

Tuesday, Jan 28th

28 Jan 2020SpainMediumUnemployment RateQ4
28 Jan 2020SwedenMediumRetail Sales YYDec
28 Jan 2020MexicoLowTrade Balance, $Dec
28 Jan 2020RussiaLowRetail Sales YYDec2.7%28 Jan 2020RussiaHighUnemployment RateDec4.6%28 Jan 2020HungaryHighHungary Base RateJan0.90%28 Jan 2020HungaryHighO/N Deposit RateJan-0.05%28 Jan 2020United StatesHighDurable GoodsDec0.4%28 Jan 2020United StatesHighConsumer ConfidenceJan127.228 Jan 2020United StatesNot RatedAPI weekly crude stocks20 Jan, w/e#N/P

 Wednesday, Jan 29th

29 Jan 2020AustraliaHighCPI QQQ40.6%29 Jan 2020AustraliaHighCPI YYQ41.7%29 Jan 2020ThailandMediumManufacturing Prod YYDec
29 Jan 2020GermanyMediumGfK Consumer SentimentFeb9.629 Jan 2020SpainMediumRetail Sales YYDec
29 Jan 2020HungaryLowUnemployment Rate 3MDec
29 Jan 2020United StatesNot RatedEIA Weekly Crude Stocks20 Jan, w/e
29 Jan 2020United StatesHighFed Funds Target Rate29 Jan1.5-1.7529 Jan 2020South KoreaLowBOK Manufacturing BSIFeb
29 Jan 2020New ZealandMediumTrade BalanceDec

Thursday, Jan 30th

30 Jan 2020NorwayMediumRetail Sales Ex. AutoDec-0.6%30 Jan 2020DenmarkHighUnemployment RateDec
30 Jan 2020SwitzerlandHighKOF IndicatorJan96.530 Jan 2020Hong KongLowImportsDec
30 Jan 2020Hong KongLowExportsDec
30 Jan 2020GermanyHighUnemployment Rate SAJan5.0%30 Jan 2020ItalyMediumUnemployment RateDec9.7%30 Jan 2020Euro ZoneHighUnemployment RateDec7.5%30 Jan 2020United KingdomMediumBOE MPC Vote HikeJan030 Jan 2020United KingdomMediumBOE MPC Vote UnchangedJan630 Jan 2020United KingdomMediumBOE MPC Vote CutJan330 Jan 2020United KingdomHighBOE Bank RateJan0.75%30 Jan 2020United KingdomLowGB BOE QE GiltsJan435B30 Jan 2020United KingdomHighGB BOE QE CorpJan10B30 Jan 2020MexicoNot RatedGDP YY FlashQ4
30 Jan 2020MexicoNot RatedGDP QQ FlashQ4
30 Jan 2020GermanyHighHICP Prelim YYJan1.7%30 Jan 2020RussiaLowCbank Wkly Reserves20 Jan, w/e
30 Jan 2020United StatesHighGDP AdvanceQ42.1%30 Jan 2020United StatesHighInitial Jobless Claims20 Jan, w/e
30 Jan 2020CanadaNot RatedAverage Weekly Earnings YYNov
30 Jan 2020South KoreaMediumIndustrial Output YYDec
30 Jan 2020JapanHighCPI Tokyo Ex fresh food YYJan0.8%30 Jan 2020JapanHighCPI, Overall TokyoJan
30 Jan 2020JapanHighJobs/Applicants RatioDec1.5630 Jan 2020JapanHighUnemployment RateDec2.3%30 Jan 2020JapanHighIndustrial O/P Prelim MM SADec0.7%30 Jan 2020JapanMediumRetail Sales YYDec-1.8%30 Jan 2020JapanNot RatedLarge Scale Retail Sales YYDec

 Friday, Jan 31st  

31 Jan 2020United KingdomMediumGfK Consumer ConfidenceJan-931 Jan 2020China (Mainland)LowNBS Non-Mfg PMIJan
31 Jan 2020China (Mainland)HighNBS Manufacturing PMIJan50.031 Jan 2020China (Mainland)Not RatedComposite PMIJan
31 Jan 2020SingaporeLowUnemployment Rate Prelim SAQ4
31 Jan 2020FranceHighGDP Preliminary QQQ40.2%31 Jan 2020FranceNot RatedGDP YY PrelimQ4
31 Jan 2020GermanyMediumRetail Sales YY RealDec
31 Jan 2020TurkeyMediumTrade BalanceDec
31 Jan 2020SwitzerlandMediumRetail Sales YYDec
31 Jan 2020ThailandMediumExports YYDec
31 Jan 2020ThailandMediumImports YYDec
31 Jan 2020FranceHighCPI (EU Norm) Prelim YYJan1.7%31 Jan 2020SpainHighEstimated GDP QQQ40.4%31 Jan 2020SpainMediumEstimated GDP YYQ41.7%31 Jan 2020NorwayMediumReg’d Unemployment SAJan76.70k31 Jan 2020ItalyHighGDP Prelim QQQ40.1%31 Jan 2020ItalyHighGDP Prelim YYQ40.3%31 Jan 2020Euro ZoneHighHICP Flash YYJan1.4%31 Jan 2020Euro ZoneHighGDP Flash Prelim YYQ41.1%31 Jan 2020Euro ZoneHighGDP Flash Prelim QQQ40.2%31 Jan 2020South AfricaMediumTrade Bal (Incl. Region)Dec12.00B31 Jan 2020United StatesMediumPersonal Income MMDec0.3%31 Jan 2020United StatesMediumPersonal Consump Real MMDec
31 Jan 2020United StatesHighConsumption, Adjusted MMDec0.3%31 Jan 2020United StatesMediumCore PCE Price Index MMDec0.2%31 Jan 2020United StatesLowCore PCE Price Index YYDec1.6%31 Jan 2020United StatesLowPCE Price Index YYDec
31 Jan 2020CanadaHighGDP MMNov
31 Jan 2020United StatesHighU Mich Sentiment FinalJan99.3

Country

UK

The Brexit bill as received royal ascent, which means that – in case it wasn’t already clear – the UK will leave the EU on 31 January and enter into the 11-month transitional period. This is subject to EU lawmakers passing the Brexit deal on Wednesday but there’s not expected to be any complications there. Although it would be very Brexit if there was one last twist.

There may be no big ben bong for Brexit – if you’ve not heard this story, I envy you – but the trade negotiation phase can now get underway. Not only is the UK keen to agree a new relationship with the EU in that time, it also has admirable ambitions to strike one with the US as well. That may be less complex but at the same time, it doesn’t make for an enjoyable 11 months for UK civil servants.

Thankfully this coming week the topic of conversation will instead focus around the Bank of England. Thursday’s meeting has gone from a fond farewell to Mark Carney (although Brexiteers may remember him less fondly) to an actual live meeting. Carney leaves the BoE in mid-March, before the next meeting later that month. It’s become a coin toss for a rate cut which typically means it will be unchanged but odds have fluctuated quite dramatically over the last couple of weeks so that could change as we get closer to the vote.

US

The Fed is on hold and while no one expects any changes to the target range, policymakers could tweak the IOER and provide some clarity on how they will end their purchases of Treasury bills next quarter.  The January FOMC meeting will likely see limited changes as the data since the December meeting has been slightly softer but countered by improved optimism following the US-China phase-one deal.

The dollar will stubbornly remain strong on safe-haven flows, but long-term Fed policy should provide a backdrop for weakness, as the Fed seems set for a path to see further balance sheet growth.

Mexico

The Mexican peso will look to see if it remains one of the best performing currencies in LATAM.  The focus for peso traders will fall on preliminary fourth quarter GDP reading.  Mexico is likely to see a boost from the USMCA deal and while we could see a soft GDP reading raise calls for one more easing, we may only see one or two more cuts by the Banxico.  Mexico has one of the best outlooks in LATAM and if the central bank maintains a high overnight rate, carry traders may find the peso very attractive in 2020.

Hong Kong

Coronavirus is front and centre of concerns as Chinese New Year starts tomorrow on the Mailand. Hong Kong is off from Monday to Wednesday. A SARS-like induced economic slowdown could be a body blow to Hong Kong economy already in a protest induced recession.

One silver lining is that protests will likely be muted by coronavirus fears. An escalation in the coronavirus emergency could see Hong Kong stocks collapse next week on their return to work.

China

Coronavirus concerns are increasing with more cases and deaths and the complete quarantining of Wihun city and its 11 million people. Chinese stock markets fell 2.75% today. China is now on holiday until the 30th of January.

A serious escalation of coronavirus emergency could see China stockmarkets collapse on Friday 31st and the risk of a recession come very quickly. The yuan could depreciate quickly, upsetting the United States.

India

India’s Supreme Court to release judgement on the legality of Modi’s citizenship law. Protests are possible and if Supreme Court backs Modi, foreign direct investment could dry up, deepening India’s slowdown. Some parts of the financial sector are still on life support. Potentially very negative for the the rupee and Indian equities.

Market

Oil

Oil prices have been quite volatile this week, not to mention one area that’s been particularly sensitive to the breakout of Coronavirus. Fears about the economic impact of a more severe outbreak appear to have hit oil prices at a time when demand dynamics are already a point of concern.

This is a very different response to what we saw in the aftermath of the Libya outage, which says a lot about where the concerns really lie in these markets. Brent has sold off quickly though so may be less sensitive to modest increases in the spread of the virus. Support may start to come in as it approaches $60.

Gold

Gold prices have been relatively stable over the last couple of weeks since events in the middle east settled down. Rallies are being sold into at the moment which signals weakness but the breakout of Coronavirus could complicate things.

We’re not seeing any significant safe haven moves right now but as the close in China on Thursday, prior to the weeklong new year holiday, risk aversion is creeping in. That could become more pronounced as the virus spreads and be supportive for gold prices.

Bitcoin

Bitcoin is as volatile as ever and enthusiasts are desperate as ever to attribute any market event that impacts regular instruments to the cryptocurrency market. We saw it earlier this year with the escalation in the middle east but they’ve gone a little quiet this week.

Bitcoin has been paring gains even as investors become a little more cautious, once again raising huge question marks over its haven status. Still, enthusiasts are relentless and that keeps the market volatile.

Source: marketpulse

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Market Analysis
Forex Today: Trump fails to reassure coronavirus-concerned America, stocks down, gold up, ECB eyed
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Market Analysis
Euro Analysis Ahead of ECB Rate Decision and Lagarde Outlook
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Market Analysis
Gold Price Pullback Fizzles Amid Speculation for More Fed Rate Cuts
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Market Analysis
Breaking: GBP/USD tumbles as BOE surprises with 50bp cut to 0.25% ahead of UK budget
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Market Analysis
Forex Today: Yen rallies hard as US stimulus doubts, coronavirus fears hit stocks, USD and yields
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Market Analysis
EUR/USD resuming rise amid doubts over US fiscal stimulus
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Market Analysis
Forex Today: Dollar dominates after the coronavirus crash amid Trump's tax promises, Chinese hopes
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Market Analysis
Global shares plunge in worst day since financial crisis
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Market Analysis
Forex Today: Monday mayhem, wild currency moves, Gold fakeout, oil -30%, amid coronavirus panic
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Market Analysis
Oil Prices Crash 25% As Oil War Begins
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Company News
Time to Spring Forward
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Market Analysis
Forex Week ahead – Market volatility here to stay
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Market Analysis
The Fed could cut rates further at the March meeting – UOB
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Market Analysis
Gold remains confined in a range, around $1640
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Market Analysis
EUR/USD flirting with daily highs around 1.1140
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Market Analysis
EUR/USD – Euro Rally May Just Be Getting Started vs US Dollar
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Market Analysis
US Pres. Trump: Fed should ease and “cut rate big”
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Market Analysis
BoE's Tenreyro: Important to highlight that we were not in a rush to raise interest rates
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Market Analysis
Coronavirus update: First confirmed case in London, total infections in Iran at 1,501
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Market Analysis
EUR/JPY Price Analysis: Upside stalled just ahead of the 200-day SMA
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Market Analysis
Forex Week Ahead – Central Banks, OPEC + and Governments prepare to cushion the coronavirus impact
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Market Analysis
US: Markets not focused on Super Tuesday
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Market Analysis
ECB's Vasiliauskas says extraordinary meeting may be called over coronavirus, EUR/USD off the highs
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Market Analysis
Markets in freefall: Carney warns UK faces downgrade over coronavirus – latest updates
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Market Analysis
ECB's Schnabel: Coronavirus increased uncertainty about global growth outlook
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Market Analysis
EUR/USD now looks to 1.0925 – UOB
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Market Analysis
Gold clings to gains near session tops, around $1650 region
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Market Analysis
Forex Today: Coronavirus clobbers markets, dollar on the defensive (for now), Bitcoin battered
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Market Analysis
Euro Outlook Somber as COVID-19 Threatens EU Corporate Debt
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Market Analysis
Gold corrects further from multi-year tops, slides to $1635 area
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Market Analysis
Forex Today: Turn-up Tuesday? Dollar, stocks bouncing, Gold down, after coronavirus-related plunge
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Market Analysis
EUR/JPY Price Analysis: Decline is challenging the 200-day SMA
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Market Analysis
US Dollar Index Price Analysis: Still scope for a move to 100.00
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Market Analysis
Forex Week ahead – Race to face the Don
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Market Analysis
FED: Three arguments for a rate cut – Nordea
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Market Analysis
Breaking: EUR/USD jumps above 1.08 as German Manufacturing PMI beats with 47.8
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Company News
FXSniper X2 Risk Available in EURO Now
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Market Analysis
GBP/USD: Overnight sharp fall
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Market Analysis
Forex Today: Long-term extremes for EUR/USD, USD/JPY, AUD/USD, Gold amid coronavirus fears, USD rally
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Market Analysis
Asian stocks slip as virus' regional spread spooks investors
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Market Analysis
Gold Futures: Green light for extra gains
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Market Analysis
EUR/USD: Possible test of 1.06 – Danske Bank
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Market Analysis
Forex Today: Yen slips as risk recovers on fading coronavirus fears; UK CPI – up next
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Market Analysis
RBA Minutes: Prepared to ease monetary policy further – ANZ
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Market Analysis
BoJ expected to ease further into 2020 – UOB
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Market Analysis
Forex Today: Risk sold amid coronavirus-led rising economic costs; a busy docket ahead
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Company News
EuroHook Pamm - The Fishermans's Bastion
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Market Analysis
EUR/USD: A bottom looks closer – UOB
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Market Analysis
Forex Week Ahead – Turning a Corner on COVID-19
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Market Analysis
Oil: Energy sector up
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Market Analysis
GBP/USD: Upsurge testing major resistance
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Market Analysis
Forex Today: EUR/USD falls toward Macron gap, Pound enjoys Javid jump, US consumer, coronavirus eyed
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Market Analysis
Australian dollar: Under the weight of the world – Westpac
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Market Analysis
US Dollar May Rise on Haven Demand as Coronavirus Fears Swell
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Market Analysis
Gold Price Analysis: Levels to watch after coronavirus-fueled jump – Confluence Detector
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