Browsing Tag

weekly outlook

The Week Ahead: Price of freedom

EURGBP Rises Over Brexit Impasse The euro was put back on track thanks to the 500 billion euro recovery fund recently agreed between France and Germany. The much-awaited stimulus package is likely to boost investor sentiment for the…

The Week Ahead: The Commitment

EURAUD Sinks as Rescue Drags On The euro is under pressure as Europe’s unity is again in question. While most major central banks opened their balance sheets to revive their economies, the clash between Germany’s constitutional court…

The Week Ahead: The New Normal

EURGBP at Crossroads as UK Reopens The euro is struggling to hold its ground against the pound sterling after a sharp retreat to the March lows. Prime Minister Boris Johnson’s statement that Britain was past the peak of the pandemic…

The Week Ahead: Supply Gap

USDCAD Continues to Fall Back The US dollar may extend its retreat against its neighbor after oil producers agreed to production cuts. OPEC+ announced plans to curb output by more than a fifth or 10 million barrels per day to support…

The Week Ahead: The Viral Catalyst

EURUSD Rises Back on Speculation of US Rate Cut The euro recouped most of February’s losses after the greenback retreated across the board last week. The first confirmed coronavirus case with unknown origins in the US raised concern that…

The Week Ahead: The Brexit Rewind

Trade of the Week GBPUSD softens as trade uncertainty looms Post-Brexit euphoria might have come to an end as investors shifted their focus to EU-UK trade negotiations. The reality is that each side has a different vision of the shape…

The Week Ahead: Out Of The Woods Yet?

Trade of the week USDCHF Makes A Comeback The US dollar has been holding strong against major currencies ahead of the Fed’s first meeting of the year. Market participants eagerly await the central bank’s policy outlook for 2020. As…

The Week Ahead: Keep it Steady

Trade of the week USDCAD Comes Under Renewed Pressure Wednesday will see heightened volatility in the Canadian dollar. The consumer price index (CPI) will indicate whether inflation has picked up, an upbeat number would boost the loonie…