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Forex Week Ahead

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Investors buoyed by apparent deceleration

It’s been an eventful start to the year and not exactly in the way than anyone would have anticipated even two months ago. Once again, once the initial panic has passed, investors have taken the spread of COVID-19 in their stride, a little too much you could argue.

The initial panic was that it could be as bad as SARS and yet, it’s been worse and it turns out investors aren’t that worried after all. The stock market can be a very strange place at times.

Next week is typically among the quieter of the month which means news around the coronavirus will continue to dominate. PMIs later in the week will also be of interest, as will minutes from the Fed, ECB and RBA.

Country

UK

This should have been a pretty normal week in the UK, compared to what we’ve become accustomed to, but it didn’t quite go according to plan. The cabinet reshuffle was largely as boring as is to be expected, until Chancellor Sajid Javid resigned. In a different time, a different country perhaps, that may be seen as bad news but investors in the UK were buoyed.

While there appears to be a number of reasons behind the resignation, including demands by Boris Johnson that “no self-respecting” minister would accept, investors are considering what it means for the budget. It’s clear that, at the very least, the government will look to push the boundaries of their fiscal rules but perhaps this indicates something more. So the market reaction suggests anyway.

US

Will Wall Street start pricing in the risk of a democratic president? Right now, the answer seems to be no. The Democrats are in the very early stages of the primary season and right now Bernie Sanders and Pete Buttigieg are gaining momentum. The focus shifts to the February 22nd Nevada caucuses and the February 29th South Carolina primary, with Super Tuesday on March 3rd being the main event.

Financial markets may start to get nervous if Democrats start feeling the Bern, but if Biden, Buttigieg or Bloomberg get the nomination, we may see optimism for a much higher stock market remain roughly in place.

China

Coronavirus and its global spread is still the hot topic. Thursday’s review of the data methodology caused a mild downturn in risk appetite as case numbers spiked dramatically. Central bankers appear to be viewing the virus effect as a mere speed bump for local economies, with the RBNZ basing its current monetary policy outlook on the assumption it would last six weeks, while the Fed is still on track to remain on hold throughout this year.

After the so-called good new up to Wednesday was decimated by Thursday’s revision, investors will require either a slowdown in the increase in the number of confirmed cases or a total decline to continue the relentless pursuit of returns via equities.

It has been pointed out by a colleague that it could be a win-win outlook for equities going forward – if the virus accelerates, central banks will ease policy thus supporting equities, while if the virus vanishes, the global economy can get back on track, which would again be supportive of equities.

A lack of good news on the spread and death toll from the Wuhan virus this week and next would take the edge off risk appetite, capping the equity rally and forcing flows into the usual safe havens of gold, the yen, Swiss franc, the US dollar and US Treasuries. It would again be negative for oil and industrial metals.

Hong Kong

Nothing to report from Hong Kong this week. Still “only” 50 virus cases reported to Thursday, but the second country in the league table behind China. Hong Kong data is still dismal and Tuesday’s release of January’s unemployment rate has probably got more upside potential than down.

The Hong Kong dollar is holding up well, despite the coronavirus effect and a firmer US dollar. USD/HKD is trading close to the lower limit of its trading band and it’s possible that any escalation in the coronavirus outbreak, could push USD/HKD back to the upper half of the trading band and pressure the HongKong33 index.

India

India economic data continues to disappoint with industrial output dropping 0.3% in December

India still has only three coronavirus cases. Should the RBI be forced into further easing, it could pressure the rupee.

Australia

Tuesday’s release of RBA minutes is unlikely to be a headline-grabber, while Thursday’s employment report for January will be the main event. Headline numbers have been bullish of late, but most jobs added are only in the part-time category. Another strong number (with a full-time bias) and markets will consider a hawkish shift from the RBA. Mean reversion to a lower jobs number would hurt the Aussie.

New Zealand

A hawkish feel to the RBNZ’s unchanged rate announcement sent the kiwi soaring this week.

An extended virus period (Chinese are currently barred from entering NZ) would hurt the tourism sector and pressure the kiwi.

Japan

The week kicks off with Q4 GDP data, which is seen weaker overall, according to the latest surveys. The cruise ship quarantined off Japan is getting more headlines than the economy, BOJ or government. A bigger-than-expected drop in GDP would hurt equities but could benefit the yen on safe haven flows.

Singapore

Singapore’s close links with China have brought the city state to the forefront of coronavirus news, with 50 reported cases (third behind Hong Kong). The MAS has already said there is room within the NEER trading band to ease policy and we may see an inter-meeting adjustment given the next policy meeting is not scheduled until April. The Singapore dollar weakened to the lowest level since September versus the US dollar this week. Policy easing amid rising virus cases would pressure the SGD further.

Market

USD

The US economy will likely remain in a good place, but we could start to see markets become nervous on a few fronts.  On Friday, February 21st, the flash manufacturing PMI releases will show how much of a slowdown is hitting the US economy in February.  Incremental updates with the US-China trade war seemed destined for a sudden turn for the worse, but so far, all signs are pointing that may not be the case.

The third concern to the outlook is Fed tightening.  The Fed has started announcing cuts to the size of the overnight repo operations and as the balance sheet growth grinds to a halt, sentiment for risky assets may take a blow.

Oil

The oil recovery is gathering momentum as the week draws to a close. Naturally, any bounce was likely to be decent given the scale of the declines that preceded it but we’re now on the fourth day of gains as optimism grows among traders that the fight against COVID-19 has turned a corner, despite the setback of the midweek spike. The next test for Brent comes around $58, with WTI facing a similar test in the $53.50-54.50 region.

Gold

Undeterred by its other failures already this year, gold is creeping higher and approaching the heavily guarded $1,600 barrier. The events in the middle east last month saw gold briefly break through the defence but this was short-lived and it hasn’t really come close since.

Back at $1,580 now, with the next test being where it fell at the last attempt, earlier this month, around $1,590. If it can get through here then perhaps the bullish case will grow.

Bitcoin

Bitcoin has found its way above $10,000 and is holding above at the moment but that may not last. It’s been on an impressive run this year, up around 45% already, but as ever with this instrument, it has the feel of buy now, work out why later. The list of reasons for the rally so far is endless from “safe haven” to “halving” and everything in between.

The only word that hasn’t been used is hype and that’s probably the most accurate explanation, which is fine. Should it break above $11,000, interest may pick up. $10,000 attracts a lot of attention for obvious reasons but $9,000 and $11,000 have arguably been more significant.

Country

UK

This should have been a pretty normal week in the UK, compared to what we’ve become accustomed to, but it didn’t quite go according to plan. The cabinet reshuffle was largely as boring as is to be expected, until Chancellor Sajid Javid resigned. In a different time, a different country perhaps, that may be seen as bad news but investors in the UK were buoyed.

While there appears to be a number of reasons behind the resignation, including demands by Boris Johnson that “no self-respecting” minister would accept, investors are considering what it means for the budget. It’s clear that, at the very least, the government will look to push the boundaries of their fiscal rules but perhaps this indicates something more. So the market reaction suggests anyway.

US

Will Wall Street start pricing in the risk of a democratic president? Right now, the answer seems to be no. The Democrats are in the very early stages of the primary season and right now Bernie Sanders and Pete Buttigieg are gaining momentum. The focus shifts to the February 22nd Nevada caucuses and the February 29th South Carolina primary, with Super Tuesday on March 3rd being the main event.

Financial markets may start to get nervous if Democrats start feeling the Bern, but if Biden, Buttigieg or Bloomberg get the nomination, we may see optimism for a much higher stock market remain roughly in place.

China

Coronavirus and its global spread is still the hot topic. Thursday’s review of the data methodology caused a mild downturn in risk appetite as case numbers spiked dramatically. Central bankers appear to be viewing the virus effect as a mere speed bump for local economies, with the RBNZ basing its current monetary policy outlook on the assumption it would last six weeks, while the Fed is still on track to remain on hold throughout this year.

After the so-called good new up to Wednesday was decimated by Thursday’s revision, investors will require either a slowdown in the increase in the number of confirmed cases or a total decline to continue the relentless pursuit of returns via equities.

It has been pointed out by a colleague that it could be a win-win outlook for equities going forward – if the virus accelerates, central banks will ease policy thus supporting equities, while if the virus vanishes, the global economy can get back on track, which would again be supportive of equities.

A lack of good news on the spread and death toll from the Wuhan virus this week and next would take the edge off risk appetite, capping the equity rally and forcing flows into the usual safe havens of gold, the yen, Swiss franc, the US dollar and US Treasuries. It would again be negative for oil and industrial metals.

Hong Kong

Nothing to report from Hong Kong this week. Still “only” 50 virus cases reported to Thursday, but the second country in the league table behind China. Hong Kong data is still dismal and Tuesday’s release of January’s unemployment rate has probably got more upside potential than down.

The Hong Kong dollar is holding up well, despite the coronavirus effect and a firmer US dollar. USD/HKD is trading close to the lower limit of its trading band and it’s possible that any escalation in the coronavirus outbreak, could push USD/HKD back to the upper half of the trading band and pressure the HongKong33 index.

India

India economic data continues to disappoint with industrial output dropping 0.3% in December

India still has only three coronavirus cases. Should the RBI be forced into further easing, it could pressure the rupee.

Australia

Tuesday’s release of RBA minutes is unlikely to be a headline-grabber, while Thursday’s employment report for January will be the main event. Headline numbers have been bullish of late, but most jobs added are only in the part-time category. Another strong number (with a full-time bias) and markets will consider a hawkish shift from the RBA. Mean reversion to a lower jobs number would hurt the Aussie.

New Zealand

A hawkish feel to the RBNZ’s unchanged rate announcement sent the kiwi soaring this week.

An extended virus period (Chinese are currently barred from entering NZ) would hurt the tourism sector and pressure the kiwi.

Japan

The week kicks off with Q4 GDP data, which is seen weaker overall, according to the latest surveys. The cruise ship quarantined off Japan is getting more headlines than the economy, BOJ or government. A bigger-than-expected drop in GDP would hurt equities but could benefit the yen on safe haven flows.

Singapore

Singapore’s close links with China have brought the city state to the forefront of coronavirus news, with 50 reported cases (third behind Hong Kong). The MAS has already said there is room within the NEER trading band to ease policy and we may see an inter-meeting adjustment given the next policy meeting is not scheduled until April. The Singapore dollar weakened to the lowest level since September versus the US dollar this week. Policy easing amid rising virus cases would pressure the SGD further.

Market

USD

The US economy will likely remain in a good place, but we could start to see markets become nervous on a few fronts.  On Friday, February 21st, the flash manufacturing PMI releases will show how much of a slowdown is hitting the US economy in February.  Incremental updates with the US-China trade war seemed destined for a sudden turn for the worse, but so far, all signs are pointing that may not be the case.

The third concern to the outlook is Fed tightening.  The Fed has started announcing cuts to the size of the overnight repo operations and as the balance sheet growth grinds to a halt, sentiment for risky assets may take a blow.

Oil

The oil recovery is gathering momentum as the week draws to a close. Naturally, any bounce was likely to be decent given the scale of the declines that preceded it but we’re now on the fourth day of gains as optimism grows among traders that the fight against COVID-19 has turned a corner, despite the setback of the midweek spike. The next test for Brent comes around $58, with WTI facing a similar test in the $53.50-54.50 region.

Gold

Undeterred by its other failures already this year, gold is creeping higher and approaching the heavily guarded $1,600 barrier. The events in the middle east last month saw gold briefly break through the defence but this was short-lived and it hasn’t really come close since.

Back at $1,580 now, with the next test being where it fell at the last attempt, earlier this month, around $1,590. If it can get through here then perhaps the bullish case will grow.

Bitcoin

Bitcoin has found its way above $10,000 and is holding above at the moment but that may not last. It’s been on an impressive run this year, up around 45% already, but as ever with this instrument, it has the feel of buy now, work out why later. The list of reasons for the rally so far is endless from “safe haven” to “halving” and everything in between.

The only word that hasn’t been used is hype and that’s probably the most accurate explanation, which is fine. Should it break above $11,000, interest may pick up. $10,000 attracts a lot of attention for obvious reasons but $9,000 and $11,000 have arguably been more significant.

Source: marketpulse

Investors buoyed by apparent deceleration

It’s been an eventful start to the year and not exactly in the way than anyone would have anticipated even two months ago. Once again, once the initial panic has passed, investors have taken the spread of COVID-19 in their stride, a little too much you could argue.

The initial panic was that it could be as bad as SARS and yet, it’s been worse and it turns out investors aren’t that worried after all. The stock market can be a very strange place at times.

Next week is typically among the quieter of the month which means news around the coronavirus will continue to dominate. PMIs later in the week will also be of interest, as will minutes from the Fed, ECB and RBA.

Country

UK

This should have been a pretty normal week in the UK, compared to what we’ve become accustomed to, but it didn’t quite go according to plan. The cabinet reshuffle was largely as boring as is to be expected, until Chancellor Sajid Javid resigned. In a different time, a different country perhaps, that may be seen as bad news but investors in the UK were buoyed.

While there appears to be a number of reasons behind the resignation, including demands by Boris Johnson that “no self-respecting” minister would accept, investors are considering what it means for the budget. It’s clear that, at the very least, the government will look to push the boundaries of their fiscal rules but perhaps this indicates something more. So the market reaction suggests anyway.

US

Will Wall Street start pricing in the risk of a democratic president? Right now, the answer seems to be no. The Democrats are in the very early stages of the primary season and right now Bernie Sanders and Pete Buttigieg are gaining momentum. The focus shifts to the February 22nd Nevada caucuses and the February 29th South Carolina primary, with Super Tuesday on March 3rd being the main event.

Financial markets may start to get nervous if Democrats start feeling the Bern, but if Biden, Buttigieg or Bloomberg get the nomination, we may see optimism for a much higher stock market remain roughly in place.

China

Coronavirus and its global spread is still the hot topic. Thursday’s review of the data methodology caused a mild downturn in risk appetite as case numbers spiked dramatically. Central bankers appear to be viewing the virus effect as a mere speed bump for local economies, with the RBNZ basing its current monetary policy outlook on the assumption it would last six weeks, while the Fed is still on track to remain on hold throughout this year.

After the so-called good new up to Wednesday was decimated by Thursday’s revision, investors will require either a slowdown in the increase in the number of confirmed cases or a total decline to continue the relentless pursuit of returns via equities.

It has been pointed out by a colleague that it could be a win-win outlook for equities going forward – if the virus accelerates, central banks will ease policy thus supporting equities, while if the virus vanishes, the global economy can get back on track, which would again be supportive of equities.

A lack of good news on the spread and death toll from the Wuhan virus this week and next would take the edge off risk appetite, capping the equity rally and forcing flows into the usual safe havens of gold, the yen, Swiss franc, the US dollar and US Treasuries. It would again be negative for oil and industrial metals.

Hong Kong

Nothing to report from Hong Kong this week. Still “only” 50 virus cases reported to Thursday, but the second country in the league table behind China. Hong Kong data is still dismal and Tuesday’s release of January’s unemployment rate has probably got more upside potential than down.

The Hong Kong dollar is holding up well, despite the coronavirus effect and a firmer US dollar. USD/HKD is trading close to the lower limit of its trading band and it’s possible that any escalation in the coronavirus outbreak, could push USD/HKD back to the upper half of the trading band and pressure the HongKong33 index.

India

India economic data continues to disappoint with industrial output dropping 0.3% in December

India still has only three coronavirus cases. Should the RBI be forced into further easing, it could pressure the rupee.

Australia

Tuesday’s release of RBA minutes is unlikely to be a headline-grabber, while Thursday’s employment report for January will be the main event. Headline numbers have been bullish of late, but most jobs added are only in the part-time category. Another strong number (with a full-time bias) and markets will consider a hawkish shift from the RBA. Mean reversion to a lower jobs number would hurt the Aussie.

New Zealand

A hawkish feel to the RBNZ’s unchanged rate announcement sent the kiwi soaring this week.

An extended virus period (Chinese are currently barred from entering NZ) would hurt the tourism sector and pressure the kiwi.

Japan

The week kicks off with Q4 GDP data, which is seen weaker overall, according to the latest surveys. The cruise ship quarantined off Japan is getting more headlines than the economy, BOJ or government. A bigger-than-expected drop in GDP would hurt equities but could benefit the yen on safe haven flows.

Singapore

Singapore’s close links with China have brought the city state to the forefront of coronavirus news, with 50 reported cases (third behind Hong Kong). The MAS has already said there is room within the NEER trading band to ease policy and we may see an inter-meeting adjustment given the next policy meeting is not scheduled until April. The Singapore dollar weakened to the lowest level since September versus the US dollar this week. Policy easing amid rising virus cases would pressure the SGD further.

Market

USD

The US economy will likely remain in a good place, but we could start to see markets become nervous on a few fronts.  On Friday, February 21st, the flash manufacturing PMI releases will show how much of a slowdown is hitting the US economy in February.  Incremental updates with the US-China trade war seemed destined for a sudden turn for the worse, but so far, all signs are pointing that may not be the case.

The third concern to the outlook is Fed tightening.  The Fed has started announcing cuts to the size of the overnight repo operations and as the balance sheet growth grinds to a halt, sentiment for risky assets may take a blow.

Oil

The oil recovery is gathering momentum as the week draws to a close. Naturally, any bounce was likely to be decent given the scale of the declines that preceded it but we’re now on the fourth day of gains as optimism grows among traders that the fight against COVID-19 has turned a corner, despite the setback of the midweek spike. The next test for Brent comes around $58, with WTI facing a similar test in the $53.50-54.50 region.

Gold

Undeterred by its other failures already this year, gold is creeping higher and approaching the heavily guarded $1,600 barrier. The events in the middle east last month saw gold briefly break through the defence but this was short-lived and it hasn’t really come close since.

Back at $1,580 now, with the next test being where it fell at the last attempt, earlier this month, around $1,590. If it can get through here then perhaps the bullish case will grow.

Bitcoin

Bitcoin has found its way above $10,000 and is holding above at the moment but that may not last. It’s been on an impressive run this year, up around 45% already, but as ever with this instrument, it has the feel of buy now, work out why later. The list of reasons for the rally so far is endless from “safe haven” to “halving” and everything in between.

The only word that hasn’t been used is hype and that’s probably the most accurate explanation, which is fine. Should it break above $11,000, interest may pick up. $10,000 attracts a lot of attention for obvious reasons but $9,000 and $11,000 have arguably been more significant.

Country

UK

This should have been a pretty normal week in the UK, compared to what we’ve become accustomed to, but it didn’t quite go according to plan. The cabinet reshuffle was largely as boring as is to be expected, until Chancellor Sajid Javid resigned. In a different time, a different country perhaps, that may be seen as bad news but investors in the UK were buoyed.

While there appears to be a number of reasons behind the resignation, including demands by Boris Johnson that “no self-respecting” minister would accept, investors are considering what it means for the budget. It’s clear that, at the very least, the government will look to push the boundaries of their fiscal rules but perhaps this indicates something more. So the market reaction suggests anyway.

US

Will Wall Street start pricing in the risk of a democratic president? Right now, the answer seems to be no. The Democrats are in the very early stages of the primary season and right now Bernie Sanders and Pete Buttigieg are gaining momentum. The focus shifts to the February 22nd Nevada caucuses and the February 29th South Carolina primary, with Super Tuesday on March 3rd being the main event.

Financial markets may start to get nervous if Democrats start feeling the Bern, but if Biden, Buttigieg or Bloomberg get the nomination, we may see optimism for a much higher stock market remain roughly in place.

China

Coronavirus and its global spread is still the hot topic. Thursday’s review of the data methodology caused a mild downturn in risk appetite as case numbers spiked dramatically. Central bankers appear to be viewing the virus effect as a mere speed bump for local economies, with the RBNZ basing its current monetary policy outlook on the assumption it would last six weeks, while the Fed is still on track to remain on hold throughout this year.

After the so-called good new up to Wednesday was decimated by Thursday’s revision, investors will require either a slowdown in the increase in the number of confirmed cases or a total decline to continue the relentless pursuit of returns via equities.

It has been pointed out by a colleague that it could be a win-win outlook for equities going forward – if the virus accelerates, central banks will ease policy thus supporting equities, while if the virus vanishes, the global economy can get back on track, which would again be supportive of equities.

A lack of good news on the spread and death toll from the Wuhan virus this week and next would take the edge off risk appetite, capping the equity rally and forcing flows into the usual safe havens of gold, the yen, Swiss franc, the US dollar and US Treasuries. It would again be negative for oil and industrial metals.

Hong Kong

Nothing to report from Hong Kong this week. Still “only” 50 virus cases reported to Thursday, but the second country in the league table behind China. Hong Kong data is still dismal and Tuesday’s release of January’s unemployment rate has probably got more upside potential than down.

The Hong Kong dollar is holding up well, despite the coronavirus effect and a firmer US dollar. USD/HKD is trading close to the lower limit of its trading band and it’s possible that any escalation in the coronavirus outbreak, could push USD/HKD back to the upper half of the trading band and pressure the HongKong33 index.

India

India economic data continues to disappoint with industrial output dropping 0.3% in December

India still has only three coronavirus cases. Should the RBI be forced into further easing, it could pressure the rupee.

Australia

Tuesday’s release of RBA minutes is unlikely to be a headline-grabber, while Thursday’s employment report for January will be the main event. Headline numbers have been bullish of late, but most jobs added are only in the part-time category. Another strong number (with a full-time bias) and markets will consider a hawkish shift from the RBA. Mean reversion to a lower jobs number would hurt the Aussie.

New Zealand

A hawkish feel to the RBNZ’s unchanged rate announcement sent the kiwi soaring this week.

An extended virus period (Chinese are currently barred from entering NZ) would hurt the tourism sector and pressure the kiwi.

Japan

The week kicks off with Q4 GDP data, which is seen weaker overall, according to the latest surveys. The cruise ship quarantined off Japan is getting more headlines than the economy, BOJ or government. A bigger-than-expected drop in GDP would hurt equities but could benefit the yen on safe haven flows.

Singapore

Singapore’s close links with China have brought the city state to the forefront of coronavirus news, with 50 reported cases (third behind Hong Kong). The MAS has already said there is room within the NEER trading band to ease policy and we may see an inter-meeting adjustment given the next policy meeting is not scheduled until April. The Singapore dollar weakened to the lowest level since September versus the US dollar this week. Policy easing amid rising virus cases would pressure the SGD further.

Market

USD

The US economy will likely remain in a good place, but we could start to see markets become nervous on a few fronts.  On Friday, February 21st, the flash manufacturing PMI releases will show how much of a slowdown is hitting the US economy in February.  Incremental updates with the US-China trade war seemed destined for a sudden turn for the worse, but so far, all signs are pointing that may not be the case.

The third concern to the outlook is Fed tightening.  The Fed has started announcing cuts to the size of the overnight repo operations and as the balance sheet growth grinds to a halt, sentiment for risky assets may take a blow.

Oil

The oil recovery is gathering momentum as the week draws to a close. Naturally, any bounce was likely to be decent given the scale of the declines that preceded it but we’re now on the fourth day of gains as optimism grows among traders that the fight against COVID-19 has turned a corner, despite the setback of the midweek spike. The next test for Brent comes around $58, with WTI facing a similar test in the $53.50-54.50 region.

Gold

Undeterred by its other failures already this year, gold is creeping higher and approaching the heavily guarded $1,600 barrier. The events in the middle east last month saw gold briefly break through the defence but this was short-lived and it hasn’t really come close since.

Back at $1,580 now, with the next test being where it fell at the last attempt, earlier this month, around $1,590. If it can get through here then perhaps the bullish case will grow.

Bitcoin

Bitcoin has found its way above $10,000 and is holding above at the moment but that may not last. It’s been on an impressive run this year, up around 45% already, but as ever with this instrument, it has the feel of buy now, work out why later. The list of reasons for the rally so far is endless from “safe haven” to “halving” and everything in between.

The only word that hasn’t been used is hype and that’s probably the most accurate explanation, which is fine. Should it break above $11,000, interest may pick up. $10,000 attracts a lot of attention for obvious reasons but $9,000 and $11,000 have arguably been more significant.

Source: marketpulse

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Market Analysis
Euro at Risk Ahead of German IFO Data and SNB Rate Decision
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Market Analysis
Crude Oil Futures: Still scope for a rebound… but when?
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Market Analysis
Gold slides further below $1500 mark, losing around 2.5% for the day
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Market Analysis
Base metals: Sign of weakening demand emerging – ANZ
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Market Analysis
EUR/USD: Typical dead cat bounce ove
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Market Analysis
Gold Prices Slide Again As Coronavirus Prompts Cash Raising
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Market Analysis
Forex Today: Dollar dominant as markets bounce after Trump's recession talk, focus on fiscal stimulus
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Market Analysis
BoJ Governor Kuroda: Possible to deepen negative interest rates further
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Market Analysis
EUR/USD: Faced rejection near the 1.1200 round-figure mark
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Market Analysis
Forex Week Ahead – Fed and BOJ to add more to the punchbowl, Virus disruption, and a fourth week of heightened volatility
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Market Analysis
US: Fed to cut 100bps at its next meeting – Deutsche Bank
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Market Analysis
ECB: EUR/USD heading lower as looks for fiscal measures – Danske Bank
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Market Analysis
Gold: Wave of selling also hit the yellow metal
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Market Analysis
Gold surrenders early gains, back near $1640 level despite coronavirus-led jitters
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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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Market Analysis
Gold Edges Lower as Coronavirus Worries Take Back Seat To Stock Gains
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Market Analysis
Fed Chair Powell likely to give Congress largely positive economic update
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Market Analysis
Forex Today: Coronavirus fears subside, trio of central bankers set to move USD, EUR, GBP
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Market Analysis
USD May Rise on Wuhan Virus Risk Ahead of White House Budget
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Market Analysis
Forex Today: China tries to calm coronavirus-hit markets, dollar remains strong, Bitcoin battles $10,000
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Market Analysis
EUR/USD remains capped and vulnerable to additional falls – Confluence Detector
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Market Analysis
Forex Week Ahead – Virus risk uncertainty, Powell testifies to Congress, RBNZ to signal patience, and Germany’s recession fears
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Market Analysis
Oil: Markets await the result of production cuts – Westpac
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Market Analysis
Gold struggles for direction around $1,570/oz
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Market Analysis
EUR/USD: Oversold conditions implying a bounce
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