Alejandro Zambrano
Alejandro Zambrano
Alejandro Zambrano leads the team at InvestingCube.com, and is also ATFX’s Global Chief Market Strategist. He combines extensive professional experience and a pragmatic attitude to trading, building clients’ understanding of the markets and the rationale behind investing. Before joining ATFX, Zambrano was the Chief Market Strategist of the FCA regulated broker, Amana Capital. Prior to that, he was also the Head Analyst at FXCM’s London research desk. Interact with Alex via Twitter at @AlexFX00.

Gold price chart

Gold Prices Try to Reach New Yearly-High as USD Slumps

Gold prices are on the rise again following a few days of limited price action and moments ago the price reached a fresh weekly high of $1785.46. Further gains in the XAU/USD, depending on the price taking out the July high of $1789.3. Failure to takeout the high might result […]

Q3, 2020 Global Market Outlook – EURUSD, Gold, Crude Oil, Bitcoin, S&P 500

The second quarter offered some great trading opportunities across all asset classes. As we head into the new quarter, I think market volatility will decline, yet I still think it will be a great quarter to trade.

My rationale is that traders in stocks and FX, overreacted on the way down, and now look to overact on the way up. The best example of this is EURUSD and AUDUSD, where we saw massive losses followed by almost complete retracements.

In stock markets, the Nasdaq 100 managed the same feat, while both the Dow Jones and S&P500 still has room to go. I think the same is true for crude oil prices.

To know more about what our analysts think, keep on reading.

Topics covered:

  • EURUSD Gains as Europe Eases Lockdowns, Price to Turn Lower in June
  • GBPUSD Could Reach its Zenith When the UK Economy Reopens
  • USDJPY will Fluctuate Violently in Q3 as Japan’s Economy Worsens Under the Coronavirus Pandemic
  • AUDUSD: Covid-19 Engulfs the Australian Economy
  • NZDUSD: Negative Interest Rates Dominate the Financial Landscape
  • Stocks battle back from Covid-19 crash ... but for how long?
  • Covid-19 and geopolitical factors continue to impact the price of gold
  • Crude oil prices stage a volatile recovery
  • Cryptocurrencies first big test

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AUDUSD

GBPAUD Could Slide 250 Pips on Break to June Low, BoE Turns Hawkish

GBPAUD is coming under pressure today, and on a break to the June low of 1.8052, the GBPAUD pair might resume its exaggerated slide from 2.08.

The Bank of England stroke a slightly more hawkish tone than expected at their June 18, 2020 interest rate meeting, by only opting to add £100 billion to their quantitate easing program. This amount was at the lower end of expectations according to the Financial Times.

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Video: Why did Crude Oil Prices Collapse on April 20, 2020?

For the first time in its history, the CME crude oil future turned worthless as holders of crude oil futures had to pay to get rid of their positions.

How can something that brings value to people, trade at negative levels?

Watch our video to find out why oil prices crashed on April 20th and what we can expect to happen next.

Topics covered:

What caused the oil price to crash?
Could it have been predicted?
How storage facilities affected the price?
What happens when an asset trades negatively?
What can we expect going forward?

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Dow Jones

Week Ahead: FOMC and ECB Meetings and China PMI to Boost Dow Jones and DAX Index?

As the new week starts the DAX index and Dow Jones traders’ mood remains upbeat, as the growth rate of new coronavirus cases dropped further over the weekend, and the world is getting ready to open for business. The China PMI on Thursday will give us an idea of what lies ahead in western countries, while the ECB could boost risk-sentiment further if they announce that they will buy junk bonds at their Thursday Rate meeting. The Federal Reserve is also hosting a rate meeting, but the expectations are low. The ISM report, and US Q1 GDP report will also be published, but the reports are bound to be soft, as the US is still under lockdown. On Thursday the focus will also shift to Crude oil prices, as the weekly EIA report is published...

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