This past week, economic data took a backseat to actions being taken by governments to contain the spread of the coronavirus pandemic which has crippled the world. In case you missed it, there was a lot of money involved.
Angeline Feliciano has been trading Forex for over ten years. She has invaluable experience working in FX education companies like BabyPips.com and Learn to Trade as a trader, currency analyst, trading coach, and presenter. Aside from these roles, she has also created intensive educational content on fundamental analysis which is heavily sought after by retail traders. She has taught hundreds of people how to trade the FX market in the Philippines and in Australia. When she is not trading, you can find her in the gym lifting weights.
USDINR Jumps on the Reserve Bank of India’s (RBI) 75 Basis-Point Rate Cut
USDINR is trading higher today after the Reserve Bank of India (RBI) slashed rates to help support the economy amid the coronavirus pandemic. As of this writing, the currency pair is up by 1.27%. From 5.15%, the central bank slashed its repo rate by 4.40%. This is the first time [...]
Technicals Suggest That It May Be Time to Sell EURUSD
EURUSD has enjoyed a 3% rally so far for this week. However, technicals suggest that the bullish run on the currency pair could soon be over.
Market Brief: Nikkei 225, Hang Seng Higher as Risk Improves; JPY Strength Across the Board
The Nikkei 225 and other Asian stock indices traded higher today mimicking the performance of Wall Street last night. But the JPY is leading currencies. In fact, EURJPY presents a strong technical setup for a sell.
GBPUSD Closes Higher for 3 Consecutive Trading Days. What Could Fuel Its Rally?
GBPUSD has recouped most of its losses for the past few trading days. Yesterday marked the third consecutive day of gains for the currency pair, can it extend its winning streak even further?
AUDUSD Higher After G20 Meeting and Australian Prime Minister’s Promise of More Aid
AUDUSD is trading higher in today’s Asian session, following an announcement from G20 leaders and more fiscal stimulus from Australia. As of this writing, the currency pair is leading gains among the majors. It is up by 0.57% or 35 pips, just below the 0.6100 handle.
WTI Crude Oil Price Consolidates After G20 Leaders Promise to Inject Liquidity
WTI crude oil price is trading within a tight range following the commitment of G20 leaders to “do whatever it takes to overcome the pandemic.” As of this writing, WTI crude oil price CFD is trading at 22.72, slightly down from its opening price at 23.00. Yesterday, government leaders of [...]
Bitcoin Price – BTCUSD Priming for a Rally Beyond $7,000.00?
Bitcoin price has pared most of its losses from its sell-off earlier this month. BTCUSD is up by over 23% from March 13. Its technical setup on the 4-hour time frame also suggests that it could be priming for a rally. By connecting the lows of March 13, March 16, [...]
Will Lululemon’s Share Price Soar or Slump on Earnings Report?
Ahead of the market open, Lululemon’s share price is up by 0.46% at $193.62. The athleisure giant is scheduled to release its earnings report later today. Like other retailers, the coronavirus pandemic has forced it to close many of its stores. But why are investors bullish for Lululemon’s share price? [...]
AUD to GBP Weaker Despite Negative UK Retail Sales; News of UK Relief Package
The AUD to GBP exchange rate is trading the red despite negative data from the UK. As of this writing, it is down by 0.37% at 0.4995. This means that GBPAUD, which is its inverse and the symbol you will find on most spot FX platforms, is trading higher. As [...]
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Video: Coronavirus Special
March 19, 2020
Video: Coronavirus Special: Key Indicators to Watch, Dow Jones, GBPUSD, DAX Index
Watch the recording of this exclusive webinar as we discuss what may happen next with the coronavirus crisis, and how our Chief Market Strategist, Alex Zambrano, is navigating the markets in his private trading account.
Our Best Trading Ideas for 2020
