2020

Aussie dollar may not have bottomed yet as production capacity in China remains low

Apple Inc’s revenue warning underscored the financial fallout of the coronavirus epidemic in China. More companies may lower growth forecast for the near term. Buy XAU/USD at dip.

With uncertainties weighing on the global economy, long gold at dip.

With the number of coronavirus cases increasing and the slowdown in the euozone’s economy, it may be too early to call for a bottoming of EUR/USD. EUR/USD can still move lower.

Despite the bullish comments from RBNZ, the fear of coronavirus impacting the economy will keep investors cautious. Short NZD/USD?

As uncertainties continue to weigh on global economy, short Aussie at rally.

The top CopyPip provider for the week is called “ProsperityFX”. There are a few reasons why we’ve chosen him as our top contender for this week.

With ADP employment change doubling and jobless claims falling, we could expect a healthy NFP data though the gains should be modest. Short EUR/USD?

With the bushfires and coronavirus continuing to weigh on Australia’s domestic growth, RBA may be forced to cut rates next month. Short AUD/JPY?

With risk-off mode expected to stay, buy safe-havens like gold and yen.