something interesting

<  BACK TO Market Analysis

Forex Week ahead

Stimulus_losing_momentum_Forex_FXPIG

Another Wild Week Ahead

It’s sometimes easy to forget just how unusual these markets are that we’re witnessing on a daily basis. They’re contending with economies around the world that only two months ago were in the best shape they’ve been in for years, a global pandemic that’s wreaked havoc across the globe, unprecedented fiscal and monetary stimulus and an enormous amount of uncertainty to cap it off, leading many companies to not even bother offering guidance as they simply don’t know.

When you weigh all of that up, it’s hardly surprising the levels of volatility we’re seeing on a daily basis. Last year we thought a trade war between the US and China and no-deal Brexit could destabilize the global economy. Now we could be headed for both on top of everything else (granted, we’re far from that situation at the moment, but still).

This week was eventful. Next week, all we have to contend with is the US jobs report (and jobless claims figures with April’s total above 30, yes thirty, million), Bank of England and Reserve Bank of Australia decisions and another busy earnings week. Oh, and the oil crisis. Almost forgot about that one. No big deal.

Country

US

The coronavirus pandemic has now killed more than 64,000 Americans and 234,000 people worldwide.  Wall Street is paying close attention to the slow reopening of the economy across 20 states.  Economic activity will need to see a successful reopening of the economy before investors feel confident that we are on the other side of the virus.  The risks at opening now for some states is that a new wave of new cases could happen.  Not every state is adhering to the guidelines set for reopening, so investors will closely watch to see if any spikes occur with new cases over the next couple of weeks. 

The Fed has been very active in delivering stimulus and now they need to unveil the details to the rest of the emergency programs.  A more calculated approach seems to be working for the Fed, case in point with the details with the Main Street Lending Program.  The Fed will remain accommodative for the foreseeable future and will be quick to intensify their efforts if the recovery is threatened.  

US Politics

The Presidential election is six months away and former VP Joe Biden needs to pick who will be his running mate.  Biden has promised his VP selection would be a woman, but it should not be ruled out that he might have to cave on the idea and go with Governor Cuomo.  The New York Governor handling of the handling of coronavirus has made him a favorite among many on the East Coast, but his likeability is questionable for the Midwest.  Biden will turn 78 a few weeks after the election, so his VP selection will be critical for many voters.  

UK

Boris Johnson announced on Thursday that the country is finally past the peak of coronavirus which, in theory, means it can start preparing for lockdown measures to be lifted. This won’t be done quickly or without certain conditions being met, the five tests laid out by the PM. But it does provide hope that some businesses can reopen their doors and people return to work. 

The Bank of England meets next week and has already eased monetary policy considerably in line with others around the globe. No significant measures are currently expected, although as we’ve seen, central banks are continually tweaking programs to respond to the evolving needs of their countries. 

NB The BoE has changed the time of the release to 7am next Thursday from the usual midday. While there haven’t been expectations of a change, the last time they announced measures on budget day, they also released this at 7am. More speculation likely over the coming days.

Italy

It’s been some week for the eurozone’s third largest economy. Fitch downgraded its credit rating to one level above junk, leaving it teetering on the edge with all three major credit rate agencies. It entered technical recession after contracting 4.7% in the first quarter, having shrunk 0.3% in Q4. And its government forecast the country will shrink by 8% this year, with some thinking that’s optimistic, likely putting further pressure on its ratings and debt later this year. 

The flip side is that new coronavirus numbers continue to decline, as do the number of deaths, which will allow for a gradual reopening of the economy. This may not save it later this year but the ECB stands ready to support those fallen angels among it, being debt that’s fallen into junk territory as a result of the crisis. It’s already agreed to accept these bonds as collateral in its credit facilities, rumours suggest they’ll eventually apply the same logic to bond buying should Italian debt become junk.

Spain

Spain is preparing to ease lockdown measures, starting with four islands from Monday, following a full month of declining cases and deaths. Spain’s measures have been among the most stringent and the process will likely be done very slowly. The country contracted by 5.2% in the first quarter and will fall into recession in the current one. The Bank of Spain expects a full year contraction of 9.2% and unemployment to peak at 19% this year. 

ECB

On the day when Italy and France officially fell into recession, with sharp contractions in the first quarter, the ECB expanded its easing programs in an attempt to further alleviate pressure on the region in these tough times. The central bank reduced interest rates on its TLTRO III program and introduced new non-targeted pendemic emergency LTROs (PELTROs) in a bid to further support liquidity conditions.

There was no increase in the PEPP or the addition of “fallen angels” in the purchases yet but that must just be a matter of time. It could be a few months before the latter becomes compulsory so there was no urgency today, with Italy holding onto its investment grade earlier this week.

China

The economic data this week from China has been encouraging for the rest of the world as it emerges from lockdown. What is less encouraging is what’s coming from the White House with Donald Trump insistent on ensuring that the finger of blame for the coronavirus toll in the US is not pointed his way. Trump has threatened tariffs on China once again and the trade deal which took so long to thrash out may already be at risk. The coronavirus has already likely meant that the terms are not being met and Trump may feel the need to make China a key feature of his re-election campaign. Expect more hostility in the weeks and months ahead.

Australia

RBA meeting on Tuesday, no change in interest rates expected. Traders are likely to look for more insight on bond buying, with the central bank expected to continue to taper having achieved its goal of managing the yield curve through this extraordinary time. It wanted to keep the 3 year rate around 0.25% which it has successfully managed to do. 

Japan

BoJ removed the ¥80 trillion ceiling on annual purchases at its meeting earlier this week, making the announcement a day earlier than planned, and joined the QEinfinity club. The central bank no longer expects to hit its inflation target in the next three years and pledged to do more when needed. 

Market

Oil

Oil prices have staged an impressive rebound this week after a rocky start, as the USO – America’s largest oil ETF – opted to avoid another May contract scenario and shed its June holdings. This represented around 20% of its $3.6 billion portfolio so traders were naturally keen to get out the way and compress prices to very generous levels, if you’re a buyer. The price rebounded shortly after but still trades below $20. 

The production cuts are finally kicking in with Saudi Arabia reportedly implementing agreed reductions ahead of schedule, the OPEC+ deal officially underway as of today, Norway announcing a reduction of 250,000 barrels per day and ConocoPhillips culling 265,000 this month, rising to 460,000 next. Others will likely follow, at which point we may see downside pressures ease on oil prices and near contracts. Prices are still extremely low though and the next two weeks will likely see extreme volatility return. 

Gold

It’s been a strange week again for gold. It remains broadly aligned with risk assets but not necessarily reliably so at this point and even its relationship with the dollar has become a little sketchy. It seems after a period of turbo-charged volatility, the yellow metal has settled into a consolidation phase, with $1,660 providing the floor and $1,750 the ceiling. Quite a broad range, granted, but given the environment, something has to give. Either the world’s going to become a more predictable and relaxed environment, or this can’t last. 

Bitcoin

The bitcoin halving event is nearing and it seems the extra publicity the crypto space is getting as a result is having the usual effect. Bitcoin dragged its feet through $7,500 resistance but once $8,000 fell it took off. The cryptocurrency fell short of $10,000 psychological resistance to trade just below $9,000 at the time of writing. The halving itself isn’t a bullish event – something that seems to have broad agreement which is strange to see, normally everything is bullish for some reason – but publicity often is so the coming weeks may generate interest and support cryptos. Whether it can be sustained after that I’m very sceptical.

Source: marketpulse

Another Wild Week Ahead

It’s sometimes easy to forget just how unusual these markets are that we’re witnessing on a daily basis. They’re contending with economies around the world that only two months ago were in the best shape they’ve been in for years, a global pandemic that’s wreaked havoc across the globe, unprecedented fiscal and monetary stimulus and an enormous amount of uncertainty to cap it off, leading many companies to not even bother offering guidance as they simply don’t know.

When you weigh all of that up, it’s hardly surprising the levels of volatility we’re seeing on a daily basis. Last year we thought a trade war between the US and China and no-deal Brexit could destabilize the global economy. Now we could be headed for both on top of everything else (granted, we’re far from that situation at the moment, but still).

This week was eventful. Next week, all we have to contend with is the US jobs report (and jobless claims figures with April’s total above 30, yes thirty, million), Bank of England and Reserve Bank of Australia decisions and another busy earnings week. Oh, and the oil crisis. Almost forgot about that one. No big deal.

Country

US

The coronavirus pandemic has now killed more than 64,000 Americans and 234,000 people worldwide.  Wall Street is paying close attention to the slow reopening of the economy across 20 states.  Economic activity will need to see a successful reopening of the economy before investors feel confident that we are on the other side of the virus.  The risks at opening now for some states is that a new wave of new cases could happen.  Not every state is adhering to the guidelines set for reopening, so investors will closely watch to see if any spikes occur with new cases over the next couple of weeks. 

The Fed has been very active in delivering stimulus and now they need to unveil the details to the rest of the emergency programs.  A more calculated approach seems to be working for the Fed, case in point with the details with the Main Street Lending Program.  The Fed will remain accommodative for the foreseeable future and will be quick to intensify their efforts if the recovery is threatened.  

US Politics

The Presidential election is six months away and former VP Joe Biden needs to pick who will be his running mate.  Biden has promised his VP selection would be a woman, but it should not be ruled out that he might have to cave on the idea and go with Governor Cuomo.  The New York Governor handling of the handling of coronavirus has made him a favorite among many on the East Coast, but his likeability is questionable for the Midwest.  Biden will turn 78 a few weeks after the election, so his VP selection will be critical for many voters.  

UK

Boris Johnson announced on Thursday that the country is finally past the peak of coronavirus which, in theory, means it can start preparing for lockdown measures to be lifted. This won’t be done quickly or without certain conditions being met, the five tests laid out by the PM. But it does provide hope that some businesses can reopen their doors and people return to work. 

The Bank of England meets next week and has already eased monetary policy considerably in line with others around the globe. No significant measures are currently expected, although as we’ve seen, central banks are continually tweaking programs to respond to the evolving needs of their countries. 

NB The BoE has changed the time of the release to 7am next Thursday from the usual midday. While there haven’t been expectations of a change, the last time they announced measures on budget day, they also released this at 7am. More speculation likely over the coming days.

Italy

It’s been some week for the eurozone’s third largest economy. Fitch downgraded its credit rating to one level above junk, leaving it teetering on the edge with all three major credit rate agencies. It entered technical recession after contracting 4.7% in the first quarter, having shrunk 0.3% in Q4. And its government forecast the country will shrink by 8% this year, with some thinking that’s optimistic, likely putting further pressure on its ratings and debt later this year. 

The flip side is that new coronavirus numbers continue to decline, as do the number of deaths, which will allow for a gradual reopening of the economy. This may not save it later this year but the ECB stands ready to support those fallen angels among it, being debt that’s fallen into junk territory as a result of the crisis. It’s already agreed to accept these bonds as collateral in its credit facilities, rumours suggest they’ll eventually apply the same logic to bond buying should Italian debt become junk.

Spain

Spain is preparing to ease lockdown measures, starting with four islands from Monday, following a full month of declining cases and deaths. Spain’s measures have been among the most stringent and the process will likely be done very slowly. The country contracted by 5.2% in the first quarter and will fall into recession in the current one. The Bank of Spain expects a full year contraction of 9.2% and unemployment to peak at 19% this year. 

ECB

On the day when Italy and France officially fell into recession, with sharp contractions in the first quarter, the ECB expanded its easing programs in an attempt to further alleviate pressure on the region in these tough times. The central bank reduced interest rates on its TLTRO III program and introduced new non-targeted pendemic emergency LTROs (PELTROs) in a bid to further support liquidity conditions.

There was no increase in the PEPP or the addition of “fallen angels” in the purchases yet but that must just be a matter of time. It could be a few months before the latter becomes compulsory so there was no urgency today, with Italy holding onto its investment grade earlier this week.

China

The economic data this week from China has been encouraging for the rest of the world as it emerges from lockdown. What is less encouraging is what’s coming from the White House with Donald Trump insistent on ensuring that the finger of blame for the coronavirus toll in the US is not pointed his way. Trump has threatened tariffs on China once again and the trade deal which took so long to thrash out may already be at risk. The coronavirus has already likely meant that the terms are not being met and Trump may feel the need to make China a key feature of his re-election campaign. Expect more hostility in the weeks and months ahead.

Australia

RBA meeting on Tuesday, no change in interest rates expected. Traders are likely to look for more insight on bond buying, with the central bank expected to continue to taper having achieved its goal of managing the yield curve through this extraordinary time. It wanted to keep the 3 year rate around 0.25% which it has successfully managed to do. 

Japan

BoJ removed the ¥80 trillion ceiling on annual purchases at its meeting earlier this week, making the announcement a day earlier than planned, and joined the QEinfinity club. The central bank no longer expects to hit its inflation target in the next three years and pledged to do more when needed. 

Market

Oil

Oil prices have staged an impressive rebound this week after a rocky start, as the USO – America’s largest oil ETF – opted to avoid another May contract scenario and shed its June holdings. This represented around 20% of its $3.6 billion portfolio so traders were naturally keen to get out the way and compress prices to very generous levels, if you’re a buyer. The price rebounded shortly after but still trades below $20. 

The production cuts are finally kicking in with Saudi Arabia reportedly implementing agreed reductions ahead of schedule, the OPEC+ deal officially underway as of today, Norway announcing a reduction of 250,000 barrels per day and ConocoPhillips culling 265,000 this month, rising to 460,000 next. Others will likely follow, at which point we may see downside pressures ease on oil prices and near contracts. Prices are still extremely low though and the next two weeks will likely see extreme volatility return. 

Gold

It’s been a strange week again for gold. It remains broadly aligned with risk assets but not necessarily reliably so at this point and even its relationship with the dollar has become a little sketchy. It seems after a period of turbo-charged volatility, the yellow metal has settled into a consolidation phase, with $1,660 providing the floor and $1,750 the ceiling. Quite a broad range, granted, but given the environment, something has to give. Either the world’s going to become a more predictable and relaxed environment, or this can’t last. 

Bitcoin

The bitcoin halving event is nearing and it seems the extra publicity the crypto space is getting as a result is having the usual effect. Bitcoin dragged its feet through $7,500 resistance but once $8,000 fell it took off. The cryptocurrency fell short of $10,000 psychological resistance to trade just below $9,000 at the time of writing. The halving itself isn’t a bullish event – something that seems to have broad agreement which is strange to see, normally everything is bullish for some reason – but publicity often is so the coming weeks may generate interest and support cryptos. Whether it can be sustained after that I’m very sceptical.

Source: marketpulse

lastest Articles

Market Analysis
Forex Week Ahead – The final stretch
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold: 50-DMA at $1924 is the level to beat for the bulls
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD: Fundamental reality disagrees with recent gains
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Foreign intervention in US elections weighs on mood, jobless claims, politics eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD Forecast: Overbought, so what? Stimulus hopes blind investors' eyes (for now)
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Markets cheer hopes of US stimulus deal, election polls in focus
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold flirts with the $1,900 level in anticipation of news on the fiscal front
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD: Bulls are in control and eye 1.1795
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Dollar retreats on fresh stimulus hopes, Brexit and coronavirus news eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead – Time running out for Trump
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD Forecast: Dead cat bounce could provide sell opportunity, euro faces three headwinds
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Dollar dominates amid stimulus and Brexit uncertainty, ahead of US retail sales
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Dollar finds its feet amid stalled stimulus talks, ahead of US data, EU Summit
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Dollar’s haven demand back in vogue amid stimulus delay, vaccine trial pause
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP/USD Price Forecast: Cautious ahead of key week
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Bitcoin Price Analysis: Three factors why BTC is going to surge
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Yuan slumps on China’s policy move, coronavirus risk downs euro amid light trading
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead – Risk events galore
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD: One more possibility around year-end for testing of 1.20 – Danske Bank
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold looks to the upside ahead of Powell’s speech
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Cautious mood and “sell the fact” after Trump's discharge, stimulus news eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead – Markets hate uncertainty
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD Forecast: Euro attacks strong resistance, why this could be a fakeout
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: High hopes for US fiscal stimulus boost sentiment, NFP hints eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Dollar rises after an ugly presidential debate, US data, end-of-month flows eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD now looks to 1.1800 and above – UOB
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
S&P 500: Three critical policy disappointments behind the correction – Morgan Stanley
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Bitcoin's mass adoption passes the point of no return
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Dollar declines on hopes for a US fiscal deal, ahead of presidential debate
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
US Elections: A decisive Democratic victory to hit the USD – Nordea
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold: Bearish pressures mounting
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Dollar bulls take a breather amid an upbeat start to a Big week
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead – Let the debates begin!
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Bitcoin Price Prediction: BTC slips into “Buy the Dip” Zone
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold: Eyes on August lows of $1863 ahead of US PMIs and round two Powell
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: US dollar’s haven demand in vogue ahead of a busy day
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold remains on track to test the August low of $1863
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD Forecast: Bears now eyeing a sustained break below 1.1700 mark
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Dollar buoyant ahead of Powell, UK PM Johnson’s COBRA meeting eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold Futures: Still room for extra gains
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD Forecast: Further consolidation looks likely ahead of Fed speakers
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: US dollar sags amid fiscal overhang, mounting coronavirus risks
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead – No ease up for Powell
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
BOE Quick Analysis: Bailey blasts sterling with specter of negative rates, why more falls are likely
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
ECB’s De Guindos: Euro exchange rate is fundamental for inflation
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Fed drives dollar higher, gold and stocks lower, BOE, jobless claims eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold aims $1980 as focus shifts to Wednesday’s FOMC
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP/USD to surge to 1.40 by September-2021 – UBS
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Upbeat Chinese data boosts mood, Boris' bill passes first hurdle, Gold shines
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead – More stimulus on the way?
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
ECB's Lane: Euro's rise dampens inflation outlook
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: King dollar holds the rein amid cautious optimism, eyes on US CPI
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD Forecast: Euro set to fall? ECB expectations may be overconfident
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Brexit in deep crisis, vaccine hopes resurface, all eyes on the ECB
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Brent Oil resumes its core bear trend
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
ECB’s Muller: A timely exit from temporary emergency measures is important
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Vaccine trial halt exacerbates risk off mood, Brexit, BOC, and US fiscal talks eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold Price Analysis: XAU/USD drops further and approaches $1,900/oz
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Bitcoin Price Update: BTC bulls ready to strike back once $11,000 is cleared
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Hard-Brexit fears pound the Pound, Dollar bid on US-Sino woes
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD risks deeper pullback as 1.20 peak looks far
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold Price Analysis: Downside appears more compelling while below $1946 – Confluence Detector
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Dollar stabilizes in the NFP aftermath, Oil tumbles amid holiday-thinned trading
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead - Trump Closing the Gap
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Nonfarm Payrolls Preview: Fed’s policy shift to introduce vital noise
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold rebounds from weekly lows, turns neutral around $1945 region
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD trims losses and regains 1.1850 post-US ISM
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Fed's Williams: Policymakers seek inflation that targets 2% over time
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Bitcoin Cash Market Update: BCH fork is inevitable as Bitcoin ABC team separates from the project
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Dollar climbs back from the abyss, ADP NFP, Fed speakers awaited
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead – Bring on the Jobs Report
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead – Jackson Hole Goes Virtual
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead - The focus remains on COVID-19, the Fed and Congress
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Gold up, dollar down amid stalled fiscal talks, vaccine hopes, ahead of jobless claims
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead- Is the economic recovery stalling?
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Dollar licking its wounds, gold gives ground, ahead of the all-important Fed decision
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead – What more can the Fed do?
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Bitcoin Market Update: BTC/USD hits a pause button before another bullish assault
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD Price Analysis: Potential correction ahead of further gains
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: China's payback weighs on markets, boosts dollar, PMIs, coronavirus figures eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP/USD: Technicals show bulls have the upper hand
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold: Correction in sight after reaching nine-year highs
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Dollar licking its wounds, gold shines, US coronavirus cases eyed after Trump's U-turn
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold jumps to fresh multi-year tops, beyond $1820 level
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: EUR/USD sells the fact, Gold looking strong, Trump's coronavirus briefs make comeback
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Bitcoin Market Update: BTC fails to live up to the status of digital gold
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
S&P 500 Futures Price Analysis: Bears retain control after rejection at falling trendline resistance
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: EU leaders can’t reach an agreement on the EU rescue fund
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead – Focus remains on Virus Spread, Fiscal Stimulus, Rebounding data, and Earnings
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD continues to look at the 1.1495 March high
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
AUD/USD to remain resilient in the near-term
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Dollar dominates ahead of EU Summit, updated look at the US consumer amid rising cases
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold probes multi-day lows around $1,790/oz
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD Price Analysis: A test of 1.1420 appears closer
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: US dollar seizes control as risk aversion returns, a busy docket ahead
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold to stay above $1800 fueled by lower real rates
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
ECB expected to keep rates unchanged
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Vaccine, earnings optimism downs the dollar; eyes on COVID-19 stats, BOE’s Bailey
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead – Bring on Earnings Season
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Crude Oil Futures: Upside looks limited
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613