Forex (FX) is the market where currencies are traded and the term is the shortened form of foreign exchange
Source: IG Charts Fundamental Euro Forecast: Neutral Several EU countries hardest hit by Covid-19, including France, Italy and Spain, are calling for the issue of debt guaranteed by the Eurozone nations as a whole to raise funds to tackle the economic impact of the coronavirus pandemic. More fiscally–conservative nations, including Germany and the Netherlands, oppose the launch of these so-called
» Read more
USD/MXN FORECAST: US DOLLAR TO MEXICAN PESO PRICE STRONG-ARMED HIGHER DESPITE OIL REBOUND USD/MXN jumped 5% last week to trade within reach of all-time highs Spot USD/MXN price action climbed despite a rebound in crude oil The US Dollar has potential to extend its advance against the Mexican Peso and notch a fresh record close The US Dollar churned steadily
» Read more
GOLD PRICE OUTLOOK: BEARISH Gold prices may suffer if FOMC minutes spark risk aversion, concerns about liquidity XAU/USD could face additional selling pressure if employment data sours sentiment Ballooning credit risks from distressed corporate debt markets may cap gold’s gains Gold Prices May Fall on FOMC Minutes Gold prices could suffer after the minutes from the Federal Reserve’s emergency meeting
» Read more
US DOLLAR PRICE FORECAST: BULLISH US Dollar driven by cash demand amid global recession worries New Fed FIMA repo scheme unlikely to revive economic growth FOMC minutes, US CPI and consumer confidence reports due US Dollar price action has been animated by a single theme in recent weeks. A rapid contraction in global economic growth amid nearly worldwide lockdown to
» Read more
S&P 500 PRICE OUTLOOK – STOCK MARKET RECOVERY STYMIED BY DISMAL JOBS REPORT, VIX INDEX DOWN BUT EXTREME FEAR LINGERS S&P 500 dropped by 2% this past week on the back of accelerating jobless claims and rising unemployment Investors overlooked recent FOMC liquidity and fiscal stimulus efforts as deepening coronavirus recession risk steered the stock market lower The VIX Index
» Read more
Fundamental Australian Dollar Forecast: Bearish Markets have moved in the past week to price in a rate cut on Tuesday That would take the Official Cash Rate to zero It’s hard to see the Aussie gaining if that happens The Australian Dollar’s trading week will of course be dominated like that of all other assets by the coronavirus’ spread, but
» Read more
Canadian Dollar, CAD, USD/CAD, Loonie Price Analysis After a strong showing of volatility over the past month, USD/CAD put in a week of digestion. USD/CAD came close to taking out the 17-year-high just a few weeks ago, but this was followed by an aggressive pullback down below the 1.4000 handle. This week saw buyers cauterize support above the major psychological
» Read more