something interesting

<  BACK TO Market Analysis

Forex Week Ahead

Forex-week-ahead-virus-watch-China-data_FXPIG

Thanks to swift action worldwide by central banks, global equities avoided a disastrous place, a possible combination of a 1930’s like depression and the 2008 financial crisis.  In just a matter of weeks, massive monetary and fiscal stimulus was injected into the global economy, showing financial markets central banks and government leaders were not taking any chances with the shock that was about to hit consumption and production, also providing key relief to funding markets.

The unprecedented actions by the Fed has put a tentative top for the dollar, however the flight to safety could return if the duration and severity of the economical and financial disruptions worsen over the next couple weeks.

The focus next week will remain on the spread of the virus in Europe and the US.  Unfortunately, it seems that stringent mitigation measures have not helped the curve as much as many have hoped for in the US, Italy and Spain.

A good amount of attention will also fall on the US labor market.  Following the meteoric rise in last week’s jobless claims, traders will look to see if the number of unemployment filings continues to surge.  Friday’s non-farm payroll report will also be closely watched as the US economy is about to have its first negative reading since October 2010.

US Politics

Congress got the job done getting a $2 trillion stimulus package and now markets will try to figure out all the details.  The calls for the fourth phase of stimulus will start to pick up as the virus spread intensifies across the US, but the passing of the massive economic support package has bought Congress some time for now.

The next few months will be key for the Presidential election and if the virus starts to test the healthcare systems of several red states, expectations could shift for a Biden upset in November.

UK

The UK is in lockdown, unfortunately the measures weren’t implemented in time to save the Prime Minister and his Health Secretary, both of whom have tested positive. If only there was something they could have done. The pound fell 1% on the news – for some reason – but has since rebounded to trade 2% higher on the day. I’m not sure that’s even particularly irregular in these bizarre times.

The number of cases and fatalities is rapidly rising in the UK now and the hospitals are already overwhelmed, with emergency facilities now being set up in various cities and former NHS staff coming out of retirement to assist with the crisis. This is likely to get much worse before it gets better but now that the country is in lockdown and taking it seriously, the peak may not be too far away.

Italy

This was looking like a turnaround week for Italy until Friday when the country recorded 919 more deaths, taking the total to 9,134. There were positive signs this week though but the fear is that the virus has taken hold in the south – with many of the cases until now in the north – which is poorer and potentially less able to deal with the spread. This could be a very worrying phase two for Italy which has already suffered considerably.

Spain

Spain is still some way behind Italy in terms of fatalities but the numbers are rising at an alarming rate. The country reported 769 deaths on Friday, taking the total to 4,858. Spain has the fourth highest number of cases and has threatened to become the European epicentre but recent efforts may bear fruit.

Eurozone

Once again, the eurozone is showing why it’s years away from being anything resembling the United States of Europe. In times of need, rather than being decisive, countries are squabbling over whether to collectively raise funds to support the regions economy with “coronabonds”, as other countries are doing, or use a bailout mechanism which typically imposes strict conditions on a country. This is not going to help any anti-euro feeling within these countries as the block shows that, once again, in times of desperation, it can’t be relied upon.

China

While the rest of the world grapples with the spread of the coronavirus, China is looking to see signs that their economy is bouncing back.  On Tuesday, China’s March official PMI reading could rebound strongly as many parts of the economy in March have resumed production.

The yuan will closely be watched following its worst week against a basket of its major trading partners since August.  The PBOC may remain active in defending the yuan in order to keep markets calm.

Hong Kong

The focus in Hong Kong will primarily remain on the coronavirus and the increased efforts on thwarting its spread.  While Mainland China is having much progress with the virus, Hong Kong just saw its biggest daily increase.  On Tuesday, Hong Kong’s February retail sales readings will show how bad of a hit tourism and domestic demand had due to the coronavirus. February and March data are expected to be terrible for Hong Kong and most of that is already priced in.

Singapore

On Monday, the Monetary Authority of Singapore is widely expected to act aggressively and ease poliy further by both re-centering and reducing the slope of its currency band.

India

India could not wait to cut rates and boost liquidity.  In what is becoming a recurring theme for central banks, the RBI acted on Friday, a full week in advance of their regularly scheduled policy meeting.  The RBI is making sure markets know that they are being aggressive and that they still have tools they can use if the outlook deteriorates further.

India’s current lockdown measures will likely see the data get terrible in April, with hopes that a rebound will start in May.    

Australia

Australia is in wait-and-see mode.  They are preparing for several months of social distancing and anticipate further fiscal and monetary stimulus will be needed shortly.  Traders may not put much weight with the upcoming retail trade and housing prices data.  On Wednesday, some focus will fall on the minutes to the RBA’s emergency meeting.

New Zealand

The spotlight for New Zealand will primarily remain on the spread of coronavirus cases.  The country has raised their lockdown level to four and incremental updates on the escalation of cases will likely be met with calls for further action by the RBNZ.

On Tuesday, the ANZ Bank New Zealand will release the business confidence index that will show a sharp decline in confidence and with the outlook.

Japan

Now that the Olympics have finally been postponed, investors are going to anticipate that the upcoming economic data and surveys will be a very high baseline that are not yet reflecting the coronavirus impact and minimal boost the Olympic games were to provide the economy.

The release of the BOJ Q1 Tankan Survey and February industrial production data will probably not move the needle.

Market

Oil

This week has provided some welcome reprieve for oil prices, although even now they’re not trading too far off the lows. Even stabilization is welcome after an extraordinary period, with the impending global recession being compounded by the oil price war to smash prices to bits. The sell-off may have slowed but there’s still a lot of vulnerability to the downside and while $20 may have provided support so far for WTI, I wonder whether that will continue to be the case in the coming weeks.

Gold

Gold is holding onto its recent gains after rebounding strongly earlier this week as the Federal Reserve announced its unlimited, open-ended, quantitative easing program. That, combined with other measures, eased the upside pressure on the dollar and saw it pull back around 4%, aiding the rally in gold back to levels you would expect to see in times like this. It’s still seeing resistance around $1,640 but as long as we don’t see any more sharp shocks in equity markets, this will likely come under much more pressure.

Bitcoin

Not a lot has changed as far as bitcoin is concerned over the last few days. It is continuing to trend higher but momentum has been dropping as it faces difficulty around $7,000. The improvement in general sentiment in the market appears to be supporting moves in cryptos but that may change. A break of $7,000 could be the catalyst for more sharp rallies but it could still see some resistance around $7,500.

Source: marketpulse

Thanks to swift action worldwide by central banks, global equities avoided a disastrous place, a possible combination of a 1930’s like depression and the 2008 financial crisis.  In just a matter of weeks, massive monetary and fiscal stimulus was injected into the global economy, showing financial markets central banks and government leaders were not taking any chances with the shock that was about to hit consumption and production, also providing key relief to funding markets.

The unprecedented actions by the Fed has put a tentative top for the dollar, however the flight to safety could return if the duration and severity of the economical and financial disruptions worsen over the next couple weeks.

The focus next week will remain on the spread of the virus in Europe and the US.  Unfortunately, it seems that stringent mitigation measures have not helped the curve as much as many have hoped for in the US, Italy and Spain.

A good amount of attention will also fall on the US labor market.  Following the meteoric rise in last week’s jobless claims, traders will look to see if the number of unemployment filings continues to surge.  Friday’s non-farm payroll report will also be closely watched as the US economy is about to have its first negative reading since October 2010.

US Politics

Congress got the job done getting a $2 trillion stimulus package and now markets will try to figure out all the details.  The calls for the fourth phase of stimulus will start to pick up as the virus spread intensifies across the US, but the passing of the massive economic support package has bought Congress some time for now.

The next few months will be key for the Presidential election and if the virus starts to test the healthcare systems of several red states, expectations could shift for a Biden upset in November.

UK

The UK is in lockdown, unfortunately the measures weren’t implemented in time to save the Prime Minister and his Health Secretary, both of whom have tested positive. If only there was something they could have done. The pound fell 1% on the news – for some reason – but has since rebounded to trade 2% higher on the day. I’m not sure that’s even particularly irregular in these bizarre times.

The number of cases and fatalities is rapidly rising in the UK now and the hospitals are already overwhelmed, with emergency facilities now being set up in various cities and former NHS staff coming out of retirement to assist with the crisis. This is likely to get much worse before it gets better but now that the country is in lockdown and taking it seriously, the peak may not be too far away.

Italy

This was looking like a turnaround week for Italy until Friday when the country recorded 919 more deaths, taking the total to 9,134. There were positive signs this week though but the fear is that the virus has taken hold in the south – with many of the cases until now in the north – which is poorer and potentially less able to deal with the spread. This could be a very worrying phase two for Italy which has already suffered considerably.

Spain

Spain is still some way behind Italy in terms of fatalities but the numbers are rising at an alarming rate. The country reported 769 deaths on Friday, taking the total to 4,858. Spain has the fourth highest number of cases and has threatened to become the European epicentre but recent efforts may bear fruit.

Eurozone

Once again, the eurozone is showing why it’s years away from being anything resembling the United States of Europe. In times of need, rather than being decisive, countries are squabbling over whether to collectively raise funds to support the regions economy with “coronabonds”, as other countries are doing, or use a bailout mechanism which typically imposes strict conditions on a country. This is not going to help any anti-euro feeling within these countries as the block shows that, once again, in times of desperation, it can’t be relied upon.

China

While the rest of the world grapples with the spread of the coronavirus, China is looking to see signs that their economy is bouncing back.  On Tuesday, China’s March official PMI reading could rebound strongly as many parts of the economy in March have resumed production.

The yuan will closely be watched following its worst week against a basket of its major trading partners since August.  The PBOC may remain active in defending the yuan in order to keep markets calm.

Hong Kong

The focus in Hong Kong will primarily remain on the coronavirus and the increased efforts on thwarting its spread.  While Mainland China is having much progress with the virus, Hong Kong just saw its biggest daily increase.  On Tuesday, Hong Kong’s February retail sales readings will show how bad of a hit tourism and domestic demand had due to the coronavirus. February and March data are expected to be terrible for Hong Kong and most of that is already priced in.

Singapore

On Monday, the Monetary Authority of Singapore is widely expected to act aggressively and ease poliy further by both re-centering and reducing the slope of its currency band.

India

India could not wait to cut rates and boost liquidity.  In what is becoming a recurring theme for central banks, the RBI acted on Friday, a full week in advance of their regularly scheduled policy meeting.  The RBI is making sure markets know that they are being aggressive and that they still have tools they can use if the outlook deteriorates further.

India’s current lockdown measures will likely see the data get terrible in April, with hopes that a rebound will start in May.    

Australia

Australia is in wait-and-see mode.  They are preparing for several months of social distancing and anticipate further fiscal and monetary stimulus will be needed shortly.  Traders may not put much weight with the upcoming retail trade and housing prices data.  On Wednesday, some focus will fall on the minutes to the RBA’s emergency meeting.

New Zealand

The spotlight for New Zealand will primarily remain on the spread of coronavirus cases.  The country has raised their lockdown level to four and incremental updates on the escalation of cases will likely be met with calls for further action by the RBNZ.

On Tuesday, the ANZ Bank New Zealand will release the business confidence index that will show a sharp decline in confidence and with the outlook.

Japan

Now that the Olympics have finally been postponed, investors are going to anticipate that the upcoming economic data and surveys will be a very high baseline that are not yet reflecting the coronavirus impact and minimal boost the Olympic games were to provide the economy.

The release of the BOJ Q1 Tankan Survey and February industrial production data will probably not move the needle.

Market

Oil

This week has provided some welcome reprieve for oil prices, although even now they’re not trading too far off the lows. Even stabilization is welcome after an extraordinary period, with the impending global recession being compounded by the oil price war to smash prices to bits. The sell-off may have slowed but there’s still a lot of vulnerability to the downside and while $20 may have provided support so far for WTI, I wonder whether that will continue to be the case in the coming weeks.

Gold

Gold is holding onto its recent gains after rebounding strongly earlier this week as the Federal Reserve announced its unlimited, open-ended, quantitative easing program. That, combined with other measures, eased the upside pressure on the dollar and saw it pull back around 4%, aiding the rally in gold back to levels you would expect to see in times like this. It’s still seeing resistance around $1,640 but as long as we don’t see any more sharp shocks in equity markets, this will likely come under much more pressure.

Bitcoin

Not a lot has changed as far as bitcoin is concerned over the last few days. It is continuing to trend higher but momentum has been dropping as it faces difficulty around $7,000. The improvement in general sentiment in the market appears to be supporting moves in cryptos but that may change. A break of $7,000 could be the catalyst for more sharp rallies but it could still see some resistance around $7,500.

Source: marketpulse

lastest Articles

Market Analysis
EUR/USD: Five reasons to drag the pair down
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD: Bearish sign
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
S&P: Major Aussie banks not at risk of downgrade amid pandemic
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: New quarter, same market gloom as coronavirus spreads, critical US data eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Dollar Index: 2008/09 parallels point to sustained USD strength – Westpac
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Crude prices rebound after tapping 18-year low
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD needs to hold onto support at 1.0972 to weather the dollar storm
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD: Bearish pressure eased
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: King Dollar takes back the reins as coronavirus fears mount, oil slumps; eyes on German CPI
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead – Virus Watch, China data to rebound while the world braces for pain, and why the dollar looks so vulnerable
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Will King Dollar be re-coronated after the plunge? Virus, consumer data, eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold Prices Steady Despite Increased Coronavirus Stimulus Hopes
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Dollar dumping extends, US coronavirus cases top China’s; US House vote eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD: Watching if bulls are able to capitalize the momentum
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Crude Oil Pares Gains As Nervous Market Looks To US Jobless Claims
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: EUR, JPY in the lead after Senate's stamp, ahead of horrible US jobless claims, BOE
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD: The picture is improving
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold Futures: Upside looks capped
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Senate strikes stimulus, stocks may sell the fact, dollar pressured, coronavirus data eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
S&P 500 futures jump 5% and hit the limit-up band of 2,333.50
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP/USD bulls looking to extend the momentum beyond 1.1700 mark
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD firmer above 1.0800 post-PMIs
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD: 35-year uptrend breached – Commerzbank
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: New week, same corona carnage, dollar down vs. majors, excels elsewhere, US Senate eye
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week ahead – Tougher times ahead?
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold rallies further beyond $1500 mark, fresh session tops
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
ECB’s stimulus package: Lagarde’s “Whatever it Takes” moment – UOB
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Dollar takes a breather, coronavirus claims 10,000 lives, “quadruple witching” eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Canada: BoC to keep the system running – RBC Economics
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Oil: Several OPEC members calling for new action – ANZ
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Euro at Risk Ahead of German IFO Data and SNB Rate Decision
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Crude Oil Futures: Still scope for a rebound… but when?
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold slides further below $1500 mark, losing around 2.5% for the day
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Base metals: Sign of weakening demand emerging – ANZ
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD: Typical dead cat bounce ove
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold Prices Slide Again As Coronavirus Prompts Cash Raising
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Dollar dominant as markets bounce after Trump's recession talk, focus on fiscal stimulus
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
BoJ Governor Kuroda: Possible to deepen negative interest rates further
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD: Faced rejection near the 1.1200 round-figure mark
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead – Fed and BOJ to add more to the punchbowl, Virus disruption, and a fourth week of heightened volatility
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
US: Fed to cut 100bps at its next meeting – Deutsche Bank
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
ECB: EUR/USD heading lower as looks for fiscal measures – Danske Bank
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold: Wave of selling also hit the yellow metal
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold surrenders early gains, back near $1640 level despite coronavirus-led jitters
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Trump fails to reassure coronavirus-concerned America, stocks down, gold up, ECB eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Euro Analysis Ahead of ECB Rate Decision and Lagarde Outlook
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold Price Pullback Fizzles Amid Speculation for More Fed Rate Cuts
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Breaking: GBP/USD tumbles as BOE surprises with 50bp cut to 0.25% ahead of UK budget
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Yen rallies hard as US stimulus doubts, coronavirus fears hit stocks, USD and yields
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD resuming rise amid doubts over US fiscal stimulus
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Dollar dominates after the coronavirus crash amid Trump's tax promises, Chinese hopes
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Global shares plunge in worst day since financial crisis
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Monday mayhem, wild currency moves, Gold fakeout, oil -30%, amid coronavirus panic
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Oil Prices Crash 25% As Oil War Begins
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Company News
Time to Spring Forward
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week ahead – Market volatility here to stay
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
The Fed could cut rates further at the March meeting – UOB
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold remains confined in a range, around $1640
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD flirting with daily highs around 1.1140
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD – Euro Rally May Just Be Getting Started vs US Dollar
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
US Pres. Trump: Fed should ease and “cut rate big”
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
BoE's Tenreyro: Important to highlight that we were not in a rush to raise interest rates
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Coronavirus update: First confirmed case in London, total infections in Iran at 1,501
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/JPY Price Analysis: Upside stalled just ahead of the 200-day SMA
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead – Central Banks, OPEC + and Governments prepare to cushion the coronavirus impact
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
US: Markets not focused on Super Tuesday
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
ECB's Vasiliauskas says extraordinary meeting may be called over coronavirus, EUR/USD off the highs
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Markets in freefall: Carney warns UK faces downgrade over coronavirus – latest updates
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
ECB's Schnabel: Coronavirus increased uncertainty about global growth outlook
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD now looks to 1.0925 – UOB
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold clings to gains near session tops, around $1650 region
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Coronavirus clobbers markets, dollar on the defensive (for now), Bitcoin battered
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Euro Outlook Somber as COVID-19 Threatens EU Corporate Debt
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold corrects further from multi-year tops, slides to $1635 area
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Turn-up Tuesday? Dollar, stocks bouncing, Gold down, after coronavirus-related plunge
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/JPY Price Analysis: Decline is challenging the 200-day SMA
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
US Dollar Index Price Analysis: Still scope for a move to 100.00
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week ahead – Race to face the Don
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
FED: Three arguments for a rate cut – Nordea
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Breaking: EUR/USD jumps above 1.08 as German Manufacturing PMI beats with 47.8
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Company News
FXSniper X2 Risk Available in EURO Now
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP/USD: Overnight sharp fall
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Long-term extremes for EUR/USD, USD/JPY, AUD/USD, Gold amid coronavirus fears, USD rally
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Asian stocks slip as virus' regional spread spooks investors
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold Futures: Green light for extra gains
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD: Possible test of 1.06 – Danske Bank
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Yen slips as risk recovers on fading coronavirus fears; UK CPI – up next
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
RBA Minutes: Prepared to ease monetary policy further – ANZ
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
BoJ expected to ease further into 2020 – UOB
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Risk sold amid coronavirus-led rising economic costs; a busy docket ahead
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Company News
EuroHook Pamm - The Fishermans's Bastion
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD: A bottom looks closer – UOB
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead – Turning a Corner on COVID-19
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Oil: Energy sector up
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP/USD: Upsurge testing major resistance
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: EUR/USD falls toward Macron gap, Pound enjoys Javid jump, US consumer, coronavirus eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Australian dollar: Under the weight of the world – Westpac
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
US Dollar May Rise on Haven Demand as Coronavirus Fears Swell
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold Price Analysis: Levels to watch after coronavirus-fueled jump – Confluence Detector
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold Edges Lower as Coronavirus Worries Take Back Seat To Stock Gains
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613