March 28, 2020 at 08:00AM Stocks climbed higher last week and reclaimed several key technical levels in the process. Can support hold if selling returns? Continue Reading… From: Peter Hanks Selected by […]
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Trump signs $2 trillion coronavirus relief bill as the US tries to prevent economic devastation
March 28, 2020 at 08:17AM President Donald Trump signed a $2 trillion coronavirus relief bill on Friday, as Washington tries to blunt economic destruction from the pandemic ripping through the United States. […]
USD/CAD: Canadian Dollar Forecast Post-BOC Emergency Rate Cut
March 28, 2020 at 06:00AM USD/CAD price outlook is mired by a pullback in the broader US Dollar and deeper crash in crude oil. Can the Canadian Dollar prolong its rebound attempt […]
Stock Market Forecast: Recession Likely Unavoidable Amid Virus Fallout
March 28, 2020 at 03:30AM Despite unprecedented Fed liquidity and fiscal stimulus measures, economic turmoil caused by the coronavirus mounts and raises the risk of recession, which could strongarm the stock market […]
Australian Dollar Boosted By Stimulus Hope, Coronavirus Stays in Charge
March 28, 2020 at 02:00AM The Australian Dollar has been lifted from its multi-year lows by hopes that global financial authorities can fend of the worst of the coronavirus‘ effects. The economic […]
US Dollar Tanks, S&P 500 Stabilizes as FOMC Counters Coronavirus
March 27, 2020 at 07:30PM It's been a brutal month for the risk-on trade. But a glimmer of hope has shown as the S&P has held on to support with the US […]
Pound Set to Snap Losing Streak Vs. Dollar Despite Record Covid-19 U.K. Death Toll
March 27, 2020 at 06:42PM The pound continued to rack up gains on Friday and remained on track to snap a two-week losing streak against the U.S. dollar, even as data showed […]
Nikkei 225 Forecast for the Week Ahead
March 27, 2020 at 06:00PM The Nikkei 225 has rebounded alongside other equity markets as investors grapple with the unprecedented stimulus packages offered by different governments. Can bulls continue the rally? Continue […]
FxPro Daily Insight for March 27
March 27, 2020 at 04:21PM Market overview US indices are losing 3.5% on Friday after 6.4% growth a day earlier. The market rebound due to injections of liquidity from the Central Bank […]
Crude Oil Price Drives Lower with S&P 500, VIX Snaps Back
March 27, 2020 at 03:20PM Crude oil price sinks another 7% on Friday as the S&P 500 Index spirals lower. Volatility rebounds toward crisis-high readings while sentiment crumbles owing to coronavirus recession […]
USD/CAD Erratic Price Action After Bank of Canada Emergency Rate Cut
March 27, 2020 at 01:50PM The Bank of Canada is the latest central bank to announce an emergency interest rate cut. Continue Reading… From: Nick Cawley Selected by fonecable.com Search Web: USD/CAD […]
USD/ZAR – US Dollar vs South African Rand, ZAR Remains Vulnerable
March 27, 2020 at 01:35PM South Africa forced into QE, eyes on Moody’s Rating. Downgrade to junk poses downside risks to South African Rand Continue Reading… From: Justin McQueen Selected by fonecable.com […]
Bank of Canada Cuts Rates to 0.25%, Plans Asset Purchases
March 27, 2020 at 01:36PM Bank of Canada Cuts Rates to 0.25%, Plans Asset Purchases Continue Reading… Author: Bloomberg | Post link: https://www.investing.com/news/forex-news/bank-of-canada-cuts-rates-to-025-plans-asset-purchases-2123573 Selected by fonecable.com SIMILAR ARTICLES ON WEB: Bank of […]
Natural Gas Wave Analysis – 27 March, 2019
March 27, 2020 at 01:47PM Natural Gas reversed from resistance area Likely to fall to 1.600 Natural Gas recently reversed down from the resistance area lying between the key resistance level 1.770 […]
Wheat Wave Analysis – 27 March, 2019
March 27, 2020 at 01:46PM Wheat broke key resistance level 570.00 Likely to rise to 590.00 Wheat recently broke above the key resistance level 570.00 (which stopped the (b)-wave of the previous […]
CADJPY Wave Analysis – 27 March, 2019
March 27, 2020 at 01:45PM CADJPY reversed from resistance area Likely to fall to 76.00 CADJPY recently reversed down from the resistance area lying between the pivotal resistance level 78.37 (top of […]
EURGBP Wave Analysis – 27 March, 2019
March 27, 2020 at 01:44PM EURGBP broke round support level 0.9000 Likely to fall to 0.8800 EURGBP under bearish pressure following the earlier breakout of the key round support level 0.9000 (former […]
USD/MXN Outlook – Mexican Peso Besting a Weak US Dollar, Volatility Remains Extreme
March 27, 2020 at 12:00PM USD/MXN may well have made its short-term high with the latest US liquidity pump driving down the value of the US dollar. Continue Reading… From: Nick Cawley […]
U.K. Prime Minister Boris Johnson Contracts Coronavirus
March 27, 2020 at 11:54AM U.K. Prime Minister Boris Johnson Contracts Coronavirus Continue Reading… Author: Bloomberg | Post link: https://www.investing.com/news/forex-news/uk-prime-minister-boris-johnson-contracts-coronavirus-2123423 Selected by fonecable.com SIMILAR ARTICLES ON WEB: U.K. Prime Minister Boris Johnson […]
Breaking: British PM Johnson Tests Positive for Covid-19
March 27, 2020 at 11:32AM Breaking: British PM Johnson Tests Positive for Covid-19 Continue Reading… Author: Investing.com | Post link: https://www.investing.com/news/forex-news/breaking-british-pm-johnson-tests-positive-for-covid19-2123400 Selected by fonecable.com SIMILAR ARTICLES ON WEB: Breaking: British PM Johnson […]
This is a rebound, not growth: the worst is yet to come
March 27, 2020 at 11:19AM American indices rose by more than 6% at the end of trading on Thursday. On Friday, Asian indices supported the growth after some fluctuations. Expectations of government […]
US Dollar May Rebound as Fed QE Euphoria Subsides
March 27, 2020 at 06:00AM The US Dollar is on the defensive after the Fed activated open-ended QE to becalm panicky financial markets, but scope for renewed stress means losses may be […]
False Bottom or Start of Something Big
March 27, 2020 at 10:28AM In the stock market lately, only one thing is constant: speed. After falling into a bear market at the fastest rate ever, the S&P 500 just recorded […]
Dollar Heads for Worst Week Since 2009
March 27, 2020 at 09:27AM Dollar Heads for Worst Week Since 2009 Continue Reading… Author: Bloomberg | Post link: https://www.investing.com/news/forex-news/dollar-heads-for-worst-week-since-2009-2123272 Selected by fonecable.com SIMILAR ARTICLES ON WEB: Dollar Heads for Worst Week […]
U.S. Records 18,000+ New Coronavirus Cases in Single Devastating Day
March 27, 2020 at 09:56AM Coronavirus cases in the U.S. have accelerated so fast – jumping by 18,000 cases on Thursday – the nation has overtaken China to officially become the epicentre […]
British Pound (GBP) Latest: GBP/USD and FTSE 100 Trimming Wild Gains
March 27, 2020 at 09:33AM A volatile week in UK asset markets with both the British Pound and the FTSE 100 storming back from multi-year lows. Support levels for both will be […]
Mini-bull, tired bear, or something in-between
March 27, 2020 at 08:36AM Investors could be forgiven for doing a double-take: Wait, we’re back in a bull market? The Dow Jones Industrial Average’s surge of over 20% from its coronavirus-induced […]
G20 leaders to inject $5 trillion into global economy in fight against coronavirus
March 27, 2020 at 08:25AM Leaders of the Group of 20 major economies pledged on Thursday to inject over $5 trillion into the global economy to limit job and income losses from […]
Forex – Dollar Demand Weakens as Stimulus Measures Mount
March 27, 2020 at 07:43AM Forex – Dollar Demand Weakens as Stimulus Measures Mount Continue Reading… Author: Investing.com | Post link: https://www.investing.com/news/forex-news/forex–dollar-demand-weakens-as-stimulus-measures-mount-2123218 Selected by fonecable.com SIMILAR ARTICLES ON WEB: Forex – Dollar […]
US now has more coronavirus cases than either China or Italy
March 27, 2020 at 08:16AM The United States now has more confirmed coronavirus cases than Italy and China, making it the country with the largest outbreak in the world. The total number […]
US Dollar Eyes Sentiment, Spending Data as Fiscal Package Heads to Trump
March 27, 2020 at 08:00AM The US Dollar may rise if consumer sentiment and spending data print worse-than-expected figures and reignite demand for liquidity and push the haven-linked Greenback higher. Continue Reading… […]
Bit-comment: BTCUSD show a daily rise in intraday lows
March 27, 2020 at 07:32AM Bitcoin clung to a $6,700 level over the last three days, little changed over the previous 24 hours. After the collapse on March 13, the BTCUSD charts […]
Xi calls for coordinated response to coronavirus at G-20 meeting
March 27, 2020 at 06:50AM Chinese President Xi Jinping called on leaders from the Group of 20 nations for greater international coordination of macroeconomic policy to restore confidence in global growth in […]
Gold Prices Steady Despite Increased Coronavirus Stimulus Hopes
March 27, 2020 at 07:00AM Gold prices remain close to two-week highs even as the market looks with hope toward the passage through Congress of a huge US financial rescue package. Continue […]
Indian Rupee Falls on RBI Emergency Cut, USD/INR Focuses on Sentiment
March 27, 2020 at 05:00AM The Indian Rupee cautiously fell versus the US Dollar after the RBI cut rates in an emergency meeting amid the virus. USD/INR continues to focus on sentiment […]
Singapore Dollar, USD/SGD Outlook: Virus Stimulus Package, MAS Eyed
March 27, 2020 at 04:00AM The Singapore Dollar soared after the local government announced extra stimulus, plunging USD/SGD through support and placing the aggressive uptrend at risk. Where to from here? Continue […]
Can Coronavirus Helicopter Money Bring Markets Back to Life?
March 27, 2020 at 03:00AM Investors in stocks, commodity currencies and energy have been praying for a massive fiscal bazooka to combat the virus effects. It looks like they’re going to get […]
FOREX – U.S. Dollar Slides as Investors Continue Their Search for A Safe Haven
March 27, 2020 at 03:13AM FOREX – U.S. Dollar Slides as Investors Continue Their Search for A Safe Haven Continue Reading… Author: Investing.com | Post link: https://www.investing.com/news/forex-news/forex–us-dollar-slides-as-investors-continue-their-search-for-a-safe-haven-2123120 Selected by fonecable.com SIMILAR ARTICLES […]
How Do Politics and Central Banks Impact FX Markets?
March 27, 2020 at 02:00AM Foreign exchange – or “forex” – markets often pay close attention to politics and central bank policy. We offer a model for traders to gauge their impact […]
Dollar climbs down as panic subsides, on course for biggest loss in decade
March 27, 2020 at 12:40AM Dollar climbs down as panic subsides, on course for biggest loss in decade Continue Reading… Author: Reuters | Post link: https://www.investing.com/news/forex-news/dollar-climbs-down-as-panic-subsides-on-course-for-biggest-loss-in-decade-2123080 Selected by fonecable.com SIMILAR ARTICLES ON […]
AUD/USD Rate Rebound Undermined by Bear Flag Formation
March 27, 2020 at 01:00AM The recent rebound in AUD/USD may end up being short lived as a bear flag takes shape, while the RSI continues to track the downward trend from […]
British Pound, GBP/USD Climbs Through Resistance. Yen at Risk Next
March 27, 2020 The British Pound rose alongside equities as GBP/USD broke above key falling resistance. Ahead, the anti-risk Japanese Yen may weaken if Asia Pacific stocks follow Wall Street’s lead. Continue […]
Gold Price Outlook: Stimulus May Propel XAU/USD Past Resistance
March 26, 2020 at 10:35PM Gold suffered a substantial pullback two weeks ago as risk aversion roared and investors sought liquidity in the form of the US Dollar. Now, however, gold could […]
Dow, S&P 500 Hasten Rally as the USD Snaps – Is the Low in Place?
March 26, 2020 at 07:45PM Stocks have come back to life this week with the S&P 500 up by more than 18% off of the lows, going along with a strong reversal […]
Nasdaq 100 Price Outlook: Micron Sees Quarterly Boost from Quarantine
March 26, 2020 at 06:05PM The Nasdaq 100 stands in a relatively advantageous position compared to the S&P 500 and Dow Jones and a recent earnings report from Micron may see the […]
Euro Price Outlook: EUR/USD Rips as Markets Surges on Virus Stimulus
March 26, 2020 at 04:30PM Euro surged 3.3% off the yearly lows as stimulus hopes fuel a breakout of monthly downtrend resistance. Here are the levels that matter on the EUR/USD technical […]
Dow jumps 1,100 points, heads for 3-day win streak as Wall Street shakes off record jobless claims
March 26, 2020 at 03:54PM Stocks surged for a third straight day on Thursday as investors shrugged off the release of record-breaking initial jobless claims while the Senate passed a massive economic […]
USD/JPY Pressured by Record-Smashing Spike in Jobless Claims
March 26, 2020 at 03:33PM The US Dollar peels back further from three-year highs as dismal weekly jobless claims data driven by economic fallout from the coronavirus fuels selling in USD/JPY. Continue […]
The pandemic will accelerate crypto-processes
March 26, 2020 at 03:47PM While the entire planet plunges into self-isolation, New York becomes the “new Wuhan”, and leading central banks are trying to open up all available cranes to maintain […]
Coronavirus puts over 1 billion people in India on 21-day lockdown to combat spread
March 26, 2020 at 03:39PM Streets in India normally bustling with people and traffic stayed empty Wednesday as the country of 1.3 billion people endured the first day of a national lockdown […]
What the moves of Gold, Crude Oil and FX tell now
March 26, 2020 at 03:04PM Global markets were very enthusiastic in their reaction to the approval of massive stimulus packages in the United States and Germany. The US indices climbed two consecutive […]
USDCHF Wave Analysis – 26 March, 2019
March 26, 2020 at 02:55PM USDCHF reversed from resistance level 0.9850 Likely to fall to 0.9620 USDCHF recently reversed down from the pivotal resistance level 0.9850 (former lower boundary of the sideways […]
Gold Wave Analysis – 26 March, 2019
March 26, 2020 at 02:54PM Gold broke resistance zone Likely to rise to 1690.00 Gold under bullish pressure after the earlier breakout of the resistance zone lying between the round resistance level […]
EURUSD Wave Analysis – 26 March, 2019
March 26, 2020 at 02:53PM EURUSD reversed from combined support zone Likely to rise to 1.1200 EURUSD recently reversed up from the combined support zone lying between the key support level 1.0600 […]
Coca-Cola Wave Analysis – 26 March, 2019
March 26, 2020 at 02:52PM Coca-Cola reversed from major support zone Likely to rise to 48.00 Coca-Cola recently reversed up sharply from the major support zone lying between the long-term support level […]
US Dollar Rises on Historic Jobless Claims
March 26, 2020 at 12:29PM US initial jobless claims crossed the wires at 3.2 million, marking the sharpest rise in history for the figure amid the current global pandemic Continue Reading… From: […]
USD/CAD Price Weakens Further Ahead of Crucial US Jobs Release
March 26, 2020 at 12:00PM The recent sell-off in USD/CAD continues, but at a slower pace, ahead of the first key data print out of the US, the weekly initial jobless claims […]
Bitcoin Mining Difficulty Posts Second-Biggest Percentage Drop in Its History
March 26, 2020 at 10:52AM A key measure of competition among Bitcoin miners just dropped by 15.95 percent – the second-largest decline in the network’s history. The drop in so-called mining difficulty […]
Why is GBP/USD Impacted by Equities?- CAD & Oil Link Breaks Down: Cross-Asset Correlation
March 26, 2020 at 10:42AM Why is GBP/USD More Impacted by Global Equities? Canadian Dollar and Oil Relationship Breaks Down. Continue Reading… From: Justin McQueen Selected by fonecable.com Search Web: Why is […]
U.K. House Sales Set to Plunge 60% on Coronavirus Lockdown Impact
March 26, 2020 at 09:12AM U.K. house sales are set to plunge by 60% in the next three months as the coronavirus outbreak batters the economy. The slump in the second quarter, […]
U.S. braces for record surge in jobless claims amid coronavirus fallout
March 26, 2020 at 08:51AM The number of Americans filing claims for unemployment benefits likely raced to as high as a record 4 million last week as strict measures to contain the […]
British Pound (GBP) Latest: GBP/USD Trending Higher Despite Poor Data
March 26, 2020 at 09:00AM The recent modest rally in GBP/USD is still in place despite poor UK retail sales data, suggesting further small gains for the pair. Continue Reading… From: Martin […]
Forex – Euro Benefits From Talk of ‘Corona’ Bonds
March 26, 2020 at 08:03AM Forex – Euro Benefits From Talk of ‘Corona’ Bonds Continue Reading… Author: Investing.com | Post link: https://www.investing.com/news/forex-news/forex–euro-benefits-from-talk-of-corona-bonds-2121973 Selected by fonecable.com SIMILAR ARTICLES ON WEB: Forex – Euro […]
7 tips for keeping your business going during the coronavirus downturn
March 26, 2020 at 07:59AM Nicholas Bahr, global practice leader in risk management at consultancy DuPont Sustainable Solutions, has spent 35 years helping businesses navigate geopolitical, climate and terror risks, including 9/11, […]
GBP/USD Outlook Ahead of BoE Rate Decision, US Jobless Claims
March 26, 2020 at 08:00AM The British Pound may face liquidation pressure ahead of the BoE rate decision at the same time that traders may be scrambling to the haven-linked USD after […]
Japan shares drop more than 4% as investors await jobless claims data stateside
March 26, 2020 at 07:45AM Stocks in Asia were mixed on Thursday as investors awaited the release of U.S. jobless claims data expected later in the day stateside. Shares in Japan led […]
Senate passes $2 trillion coronavirus stimulus package, sending it to the House
March 26, 2020 at 07:41AM The Senate passed a historic $2 trillion coronavirus relief package Wednesday night, as it tries to stem the destruction the pandemic has brought to American lives and […]
Apocalypse Now: U.S. Treasury Bond Yields Now Have Negative Rates
March 26, 2020 at 07:39AM In a bewildering sign of economic danger ahead, buying U.S. government debt now yields negative rates. The bond yield on one-month and three-month U.S. Treasury bills dropped […]
Crude Oil Pares Gains As Nervous Market Looks To US Jobless Claims
March 26, 2020 at 07:00AM Crude oil prices got an initial boost on hopes that a massive coronavirus stimulus and assistance program would pass the Senate. It has, but the prospect of […]
EUR/USD Rate Carves Higher Highs and Lows as Bearish Momentum Abates
March 26, 2020 at 05:00AM EUR/USD may stage a larger recovery as the bearish momentum abates, with the Relative Strength Index (RSI) reversing course ahead of oversold territory. Continue Reading… From: David […]
FOREX – U.S. Dollar Down Ahead of Jobless Claims Data; Pound Falls
March 26, 2020 at 04:43AM FOREX – U.S. Dollar Down Ahead of Jobless Claims Data; Pound Falls Continue Reading… Author: Investing.com | Post link: https://www.investing.com/news/forex-news/forexusdollardownaheadofjoblessclaimsdata-pound-falls-2121889 Selected by fonecable.com SIMILAR ARTICLES ON WEB: FOREX – U.S. Dollar Down Ahead of Jobless Claims Data; Pound Falls
Australian Dollar, Stocks Brace for Multi-Million US Jobless Claims
March 26, 2020 at 04:00AM The Australian Dollar, stocks, and other growth-geared assets have been buoyed by huge stimulus efforts to offset the coronavirus’ economic hit. Grim US jobless claims data may […]
How Do Politics and Central Banks Impact FX Markets?
March 26, 2020 at 02:00AM Foreign exchange – or “forex” – markets often pay close attention to politics and central bank policy. We offer a model for traders to gauge their impact […]
Asian Equities Mixed as Investors Await U.S. Jobless Data
March 26, 2020 at 03:22AM Asian Equities Mixed as Investors Await U.S. Jobless Data Continue Reading… Author: Investing.com | Post link: https://www.investing.com/news/forex-news/asian-equities-mixed-as-investors-await-us-jobless-data-2121866 Selected by fonecable.com SIMILAR ARTICLES ON WEB: Asian Equities Mixed […]
PBOC Acts to Stabilize Yuan After Currency Underperforms Peers
March 26, 2020 at 03:18AM PBOC Acts to Stabilize Yuan After Currency Underperforms Peers Continue Reading… Author: Bloomberg | Post link: https://www.investing.com/news/forex-news/pboc-acts-to-stabilize-yuan-after-currency-underperforms-peers-2121864 Selected by fonecable.com SIMILAR ARTICLES ON WEB: PBOC Acts to […]
Dollar dips as investors brace for surge in jobless claims
March 26, 2020 at 12:35AM Dollar dips as investors brace for surge in jobless claims Continue Reading… Author: Reuters | Post link: https://www.investing.com/news/forex-news/dollar-dips-as-investors-brace-for-surge-in-jobless-claims-2121806 Selected by fonecable.com SIMILAR ARTICLES ON WEB: Dollar dips […]
NZD/USD Forecast: Bear Flag Takes Shape, RSI Retains Bearish Formation
March 26, 2020 at 01:00AM The recent rebound in NZD/USD may unravel as a bear flag formation takes shape, while the RSI continues to track the downward trend from earlier this year. […]
Canadian Dollar Rose, USD/CAD Uptrend Held. Virus Bill Vote Delayed?
March 26, 2020 The Canadian Dollar rose but USD/CAD maintained its upward trajectory. This is as the US Dollar is gaining with an immediate vote on the virus relief bill appearing to […]
Nikkei 225 Forecast for the Week Ahead
March 25, 2020 at 10:30PM The Nikkei 225 has rebounded alongside other equity markets as investors grapple with the unprecedented stimulus packages offered by different governments. Can bulls continue the rally? Continue […]
US Dollar Pulls Back from Three-Year-Highs: EUR/USD, GBP/USD, AUD/USD
March 25, 2020 at 07:30PM The US Dollar put in a huge breakout over a ten-day-span. DXY has since found resistance and posed a 23.6% pullback, but are buyers reloading for more […]
Pound Resumes Rally as Traders Continue to Digest Covid-19 Pandemic
March 25, 2020 at 06:44PM Pound Resumes Rally as Traders Continue to Digest Covid-19 Pandemic Continue Reading… Author: Investing.com | Post link: https://www.investing.com/news/forex-news/gbpusd-resumes-rally-as-traders-to-continue-to-digest-covid19-pandemic-2121486 Selected by fonecable.com SIMILAR ARTICLES ON WEB: Pound Resumes […]
U.S. jobless numbers may take a backseat as investors take cues from virus spread
March 25, 2020 at 06:06PM Investors are likely to look past what promises to be one of the worst U.S. jobless claims reports in history as they maintain a focus on the […]
DAX 30 Price Outlook: 2009 Trendline in Focus as Index Aims Higher
March 25, 2020 at 06:05PM The DAX 30 has enjoyed a strong start to the week as traders digest the fiscal response to the coronavirus. Now, the index has encountered resistance in […]
S&P 500 Price Outlook: Bear Market Rally Looks to Build on Stimulus
March 25, 2020 at 04:30PM S&P 500 surged nearly 15% off the lows with the stimulus recovery now testing the first major resistance hurdle Here are the levels that matter on the […]
USD/CAD Price Outlook: Canadian Dollar Rebounds – Will It Last?
March 25, 2020 at 04:06PM The Canadian Dollar gains ground in an attempt to recover recent downside as USD/CAD price action peels back from a four-year high, but will the Loonie rebound […]
FxPro Daily Insight for March 25
March 25, 2020 at 03:17PM Market overview US markets paused growth on Wednesday after jumping 9.4% SPX on Tuesday (strongest since 2008). Despite large-scale stimulus, it is difficult for major indexes to […]
Caterpillar Wave Analysis – 25 March, 2019
March 25, 2020 at 02:50PM Caterpillar reversed from resistance zone Likely to fall to 80.00 Caterpillar recently reversed down from the resistance zone located between the pivotal resistance level 103.65 (which has […]
