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With US interest rates to remain on hold until further notice, dollar could continue to weaken versus commodity currencies such as New Zealand dollar. Long NZD/USD?

Global growth outlook may weigh on sentiment this week, short USD/JPY?

Given increasing doubts on the recent stocks rally, sell USD/JPY at peak might be appropriate.

With 88 negative earnings pre-announcements being issued by S&P 500 corporation according to Refinitiv, we expect investors to attempt to re-assess 2020 revenue and EPS prospects. Do expect huge...

Market confidence waned after the best week in decades, USD/JPY may continue to move lower.

Both Saudi Arabia and Russia are willing to cut oil production only if all countries follow through. This means that it will be up to the US to make a critical decision. We believe that Trump will...

Risk assets may have yet to reach the bottom, short USD/JPY at peak

Even though the market may already be pricing a weaker NFP data, the actual data, if worse than forecast, could still spark selling pressure but in a smaller magnitude. GBP/JPY may move lower.

It's an undeniable fact that the economy is on the verge of collapse, with recession a likely possibility. Everyone knows and feels the impact of the coronavirus on every aspect of life, from daily...

Gold has always been regarded as a safe-haven asset. Ever since the introduction of centralised monetary systems, gold has been used as a primary standard and pegged to the strength of a currency....

Market confidence waned after the best week in decades, USD/JPY may continue to move lower

The numbers for US jobless claims are expected to spike higher due to coronavirus-induced layoffs. This may kill the current rally in the US stock market. Short SPX/USD?

Though Fed will buy unlimited amounts of US Treasuries and mortgage-backed securities in the new QE, it has failed to support the US stocks and weaken the dollar. SPX/USD may continue to weaken.

When risk-off continues, selling AUD/USD could be appropriate.

Even with the huge stimulus package announced, euro’s move was limited as the market felt that both the ECB and the individual countries should have taken more measures. Any rally in EUR/USD is an...

Trump administration assembled a USD1.2 trillion federal emergency fiscal package that includes sending money directly to Americans. This would temporary boost dollar due to the support offered to...

Market sees no short-term solution to combat the virus, short USD/JPY at peak

Following European Central Bank (ECB) President Lagarde’s dovish comments yesterday that the impact of COVID-19 could be as bad as the 2008 crisis, we believe ECB may dish out stimulus to support the...

With the World Health Organisation declaring the COVID-19 situation a pandemic and major central banks cutting rates, the sell-down may be far from over. Dow could fall further.