EUR/USD Rally Pushes RSI Into Overbought Zone for Third Time in 2020

EUR/USD trades to a fresh 2020 high (1.1602), with the appreciation in the exchange rate pushing the RSI into overbought territory for the third time in 2020.

from DailyFX - Market News https://ift.tt/3jyeQM4
via IFTTT

ASX 200 May Fall on Increasing Cases of Covid-19, Escalating US-Sino Tensions

The ASX 200 stock index continues to struggle at key resistance as rising cases of Covid-19 and escalating US-Sino tensions sour investor sentiment.

from DailyFX - Market News https://ift.tt/3htmLsh
via IFTTT

Dow Jones Back to 27,000, Hang Seng Weighed by US-China Tension

The Dow Jones Index climbed to 27,000 on upbeat earnings. The Hang Seng Index fell after the US ordered a closure of China’s Houston consulate. The Offshore Yuan is under pressure.

from DailyFX - Market News https://ift.tt/2ZS6MhC
via IFTTT

NZD/USD Rate Approaches 2020 High as Net Short Exposure Persists

NZD/USD appears to be on track to test the 2020 high (0.6733), with the RSI flirting with overbought territory amid the crowding behavior in the US Dollar.

from DailyFX - Market News https://ift.tt/2P0K14V
via IFTTT

Yen Price Forecast: USD/JPY, AUD/JPY, CAD/JPY Charts & More

The Japanese Yen has surrendered gains notched earlier this year as safe-haven demand dissipates, but JPY price action looks constructive against its US Dollar peer despite potential for further we...

from DailyFX - Market News https://ift.tt/30CGAqj
via IFTTT

Australian Dollar Outlook Bullish After AUD/USD Crossed Key Threshold

The Australian Dollar may extend its gains versus the USD as market optimism continues to punish havens and put a premium on risk-oriented assets.

from DailyFX - Market News https://ift.tt/2OP976A
via IFTTT

S&P 500 Forecast: Tesla Profitability Sees Stock Set for Index Inclusion

Four consecutive quarters of profitability has made Tesla eligible for inclusion in the S&P 500, even as the stock exhibits bubble-like symptoms. Elsewhere, a Microsoft beat could boost the Nasdaq.

from DailyFX - Market News https://ift.tt/32LwyWo
via IFTTT

USD Breakdown Slows: Can Buyers Swing a Pullback? EURUSD, GBPUSD

The US Dollar finally broke down under the strain of persistent selling since the Q3 open. But with another big support level coming into play, can sellers continue to drive the move?

from DailyFX - Market News https://ift.tt/39k24Mr
via IFTTT

Euro Price Analysis: EUR/USD Breaks Above Key Level of Prior Resistance

Bulls remain optimistic following the approval of a €750 billion recovery fund.

from DailyFX - Market News https://ift.tt/2E38ZOA
via IFTTT

Nasdaq 100 Forecast: Microsoft & Tesla Earnings Ahead, Beware of Bubbles

Tesla’s stock price has soared 260% in the year-to-date, outpacing other automotive makers and technology companies alike. The upcoming quarterly report will provide much-needed insight.

from DailyFX - Market News https://ift.tt/2CGfnee
via IFTTT

US Dollar Drops to Huge Level: Risk of Breakdown if Support Fails

Weaker US Dollar remains the path of least resistance. However, focus resides at pivotal level.

from DailyFX - Market News https://ift.tt/30BWLEf
via IFTTT

EUR/USD Hits an 18-Month High Then Wobbles After the US Orders China to Close its Consulate

EUR/USD hit its highest level since January 2019 in early trade but faded some of the move after the US ordered China to close its consulate in Houston.

from DailyFX - Market News https://ift.tt/2ZPdhSh
via IFTTT

Crude Oil Prices May Turn Lower as US-China Tensions Heat Up

Crude oil prices may fall with stocks as escalating US-China tensions spook the markets. Gold prices may also suffer as the risk-off mood boosts the US Dollar.

from DailyFX - Market News https://ift.tt/2ZP6CHL
via IFTTT

British Pound (GBP) Latest: GBP/USD Stable Despite Trade Deal Concerns

In a sign of Sterling’s underlying strength, GBP/USD has fallen only modestly on a report that the UK-EU negotiations on a post-Brexit trade deal are close to collapse.

from DailyFX - Market News https://ift.tt/32K0vXc
via IFTTT

US Dollar, S&P 500 Stock Index Hinge On Coronavirus Relief Bill Talks

The US Dollar and S&P 500 stock index hinge on the potential for Congress to approve the proposed $1 trillion coronavirus relief bill.

from DailyFX - Market News https://ift.tt/2Bojlru
via IFTTT

Gold Rally Outpaced by Silver While Net Long USD Exposure Persists

The price of gold trades to a fresh 2020 high ($1866) as the crowding behavior in the US Dollar persists, while silver trades 25% higher from the start of the year.

from DailyFX - Market News https://ift.tt/32JdKXN
via IFTTT

New Zealand Dollar Analysis: EUR/NZD, NZD/CAD, NZD/JPY

EUR/NZD continues to be bullied by descending resistance as NZD/CAD sputters on the May uptrend while NZD/JPY aims at retesting a key inflection point.

from DailyFX - Market News https://ift.tt/30B9ZRO
via IFTTT

Copper Price Outlook: XCU/USD May Fall as RSI Diverges with Price

Copper prices look set for a short-term correction as RSI divergence hints at exhaustion of the recent climb to test the yearly highs.

from DailyFX - Market News https://ift.tt/2ZPG9tK
via IFTTT

Hang Seng Index May See Technical Pullback, Gold and Silver Advance

The Hang Seng Index may retrace from yesterday’s highs following a sobering US session. Gold and silver prices surged to seven-year highs.

from DailyFX - Market News https://ift.tt/3eX5mXv
via IFTTT

USD/CAD Rate Trades to Fresh July Low Ahead of Canada CPI

USD/CAD appears to be on track to test the June low (1.3315) as the exchange rate snaps the range bound price action from earlier this month.

from DailyFX - Market News https://ift.tt/30ABKcZ
via IFTTT

Brent Oil Gains, EUR/USD Surges on EU Summit Deal. APAC Stocks to Rise?

Crude oil prices are approaching a level not reached since the pre-OPEC March meeting, with EUR/USD poised to rise after a deal was announced at the EU summit. APAC stocks may follow.

from DailyFX - Market News https://ift.tt/3jvfY2W
via IFTTT

Nasdaq 100 Forecast: Microsoft & Tesla Earnings Ahead, Beware of Bubbles

Tesla’s stock price has soared 260% in the year-to-date, outpacing other automotive makers and technology companies alike. The upcoming quarterly report will provide much-needed insight.

from DailyFX - Market News https://ift.tt/2WIMyVu
via IFTTT

US Dollar Implodes as VIX ‘Fear-Gauge’ Swoons, Gold & Oil Soar

Gold and crude oil are flying high as the DXY Index sinks into negative territory on the year with the broader US Dollar disintegrating alongside safe-haven demand and expected stock market volatil...

from DailyFX - Market News https://ift.tt/39ghQYQ
via IFTTT

EUR/GBP Price Forecast: EURGBP Tests Key 0.9000 Psychological Level

EUR/GBP failed to test the June high and has subsequently bounced off the area of support around the 0.9000 psychological level

from DailyFX - Market News https://ift.tt/30xp7Qa
via IFTTT

US Dollar Breakdown: EUR/USD, AUD/USD, GBP/USD Break Outs

The US Dollar has finally broken below support; but now that it has, the question is sustainability of breakouts in major pairs like EUR/USD, AUD/USD and GBP/USD.

from DailyFX - Market News https://ift.tt/3hp3pEM
via IFTTT

BTC Price Outlook: Bitcoin Chart Coiled, Pennant Breakout Eyed

Bitcoin has faced selling pressure since early June, but as the cryptocurrency consolidates into a bullish pennant formation, BTC price action may be gearing up for another massive move to the upside.

from DailyFX - Market News https://ift.tt/39l0l9J
via IFTTT

AUD/JPY Price Forecast: Ascending Triangle Breach Confirmed

AUD/JPY is slowly encroaching on yearly highs with technical and fundamentals driving the upside. Will bears be able to slow down bullish momentum in Q3?

from DailyFX - Market News https://ift.tt/3eOJRIa
via IFTTT

How to Trade the Euro, NOK and SEK Using the Core-Perimeter Model

A macro forex trading guide exploring how to trade the Euro vs the Swedish Krona and Norwegian Krone through the prism of the Core-Perimeter model

from DailyFX - Market News https://ift.tt/3eOXyYs
via IFTTT

Skepticism About EU Recovery Fund Could Undermine EUR/USD | Webinar

EUR/USD has responded positively to the news that an EU recovery fund has been agreed but market sentiment towards the Euro could sour soon.

from DailyFX - Market News https://ift.tt/30A8VgK
via IFTTT

EUR/USD, USD/CAD Charts & More

The Euro continues to hold up and look headed higher while USD/CAD on the verge of a breakdown below support; USD generally weak.

from DailyFX - Market News https://ift.tt/3eMUTxI
via IFTTT

Gold (XAU/USD) Hits a Nine-Year High, Silver (XAG/USD) Breaks Above $20/oz.

Gold and Silver continue to make fresh multi-year highs as discussions over a new COVID-19 stimulus package start this week in Congress

from DailyFX - Market News https://ift.tt/2CByOou
via IFTTT

Euro Stoxx 50, FTSE MIB, IBEX 35 React to Symbolic EU Deal

European indices gain as the EU sets the precedent of debt mutualisation.

from DailyFX - Market News https://ift.tt/3fOulgK
via IFTTT

Gold Prices at Risk Despite Push to 9-Month High as Earnings Loom

Gold prices look vulnerable despite a push to nine-year highs as downbeat corporate earnings reports threaten to undermine risk appetite, boosting the haven US Dollar.

from DailyFX - Market News https://ift.tt/3fIqdyN
via IFTTT

British Pound (GBP) Latest: EUR/GBP Testing 0.90 After EU Summit Deal

EUR/GBP is testing support around 0.90 after the EU Summit agreement despite grim UK borrowing data and rising tensions between the UK and China.

from DailyFX - Market News https://ift.tt/32G7YGG
via IFTTT

Canadian Dollar Outlook: USD/CAD May Slide on Upcoming Retail Sales Data

The USD/CAD exchange rate seems poised to slide to fresh monthly lows after failing to climb above sentiment-defining resistance.

from DailyFX - Market News https://ift.tt/32F5052
via IFTTT

EUR/USD Pulls Back from July High as EU Splits COVID Recovery Fund

EUR/USD pulls back from a fresh monthly high (1.1470) even though European leaders reach a deal for a COVID-19 recovery fund totaling EUR 750B.

from DailyFX - Market News https://ift.tt/3hiFjeK
via IFTTT

Indian Rupee Gains on US Tariff Rollback Proposal, Nifty 50 to Follow?

The Indian Rupee and Nifty 50 received a boost from US-India trade news, will these gains last? USD/INR is eyeing key support as the Nifty 50 trades within a reversal pattern.

from DailyFX - Market News https://ift.tt/30vSbr1
via IFTTT

Silver Outlook: XAG/USD Poised to Rise as Stimulus Underpins Metal Prices

Silver prices poised to outperform as the fundamental backdrop continues to support the liquidity-driven metal.

from DailyFX - Market News https://ift.tt/3hlPT4F
via IFTTT

ASX 200 Faces Resistance at 6100, Nikkei 225 Edging Higher

Australia’s ASX 200 stock index rose slightly on Tuesday alongside the Australian Dollar, defying Covid-19 concerns. Japan’s Nikkei 225 moved higher to 22,800.

from DailyFX - Market News https://ift.tt/2WCRzi8
via IFTTT

NZD/USD Crowding Behavior Persist as RSI Diverges with Price

NZD/USD approaches the monthly high (0.6601) despite signs of crowding behavior in the US Dollar, while the RSI appears to be diverging with price.

from DailyFX - Market News https://ift.tt/2OKf04N
via IFTTT

Australian Dollar Eyes RBA Minutes. Euro Hung Up on EU Summit

The Australian Dollar will be thrust into the spotlight ahead of the RBA minutes as the Euro remains suspended by geopolitical uncertainty from a key EU summit.

from DailyFX - Market News https://ift.tt/32HkcP9
via IFTTT

Euro in Limbo on EU Summit. GBP & USD Brace for Brexit & US Fiscal Debate

The Euro, US Dollar and British Pound are mired in cross-continental geopolitical risks as Covid-19 cases globally top 14.4 million.

from DailyFX - Market News https://ift.tt/2WHzXSx
via IFTTT

AUD/USD & ASX 200 Price Forecast: Aussie Assets Probe Resistance

Both AUD/USD and the ASX 200 have moved within reach of nearby technical resistance, staging intermittent attacks at their respective levels. Can they break higher in the days ahead?

from DailyFX - Market News https://ift.tt/2WFUh6H
via IFTTT

Gold Price Forecast: XAU, Gold Threaten Bullish Breakout

Gold prices opened the week with another fresh eight-year-high; but buyers so far appear to be approaching the matter cautiously.

from DailyFX - Market News https://ift.tt/2CO2IWu
via IFTTT

Kiwi Price Analysis: Wedge Holds NZD/USD For Now

Despite recovering from March 2020 lows, NZD/USD remains trapped in a wedge formation with bulls and bears looking for a break in one direction or the other.

from DailyFX - Market News https://ift.tt/2DXd6eZ
via IFTTT

Dollar vs Mexican Peso Price Outlook: USD/MXN Range Contraction

Mexican Peso continues to contract into July opening-range and price is poised for the breakout. These are the levels that matter on the USD/MXN technical charts.

from DailyFX - Market News https://ift.tt/2CwIsbZ
via IFTTT

Nasdaq 100, Dow Jones, DAX 30 Forecasts for the Week

The major equity markets will look to another string of high profile earnings reports in the week ahead as other tech members throw their hat in the ring following a rough start to the season.

from DailyFX - Market News https://ift.tt/3fGWDJY
via IFTTT

US Dollar Forecast: Sitting at Major Channel Support - Key Levels for DXY Index

The US Dollar (via the DXY Index) is looking into the abyss, threatening to lose uptrend support from the February 2018 low.

from DailyFX - Market News https://ift.tt/3jouBoY
via IFTTT

Markets Week Ahead: US Dollar, Dow Jones, S&P 500, Microsoft, Coronavirus

The US Dollar fell as the S&P 500 and Dow Jones climbed despite rising coronavirus cases in the US. With earnings season in full swing, all eyes turn this week to Microsoft after dismal figures fro...

from DailyFX - Market News https://ift.tt/2WzVaNV
via IFTTT

GBP/USD, EUR/GBP and FTSE 100 Weekly Outlooks - UK Webinar

Sterling is pushing higher against an albeit weak US dollar as hopes of an effective COVID-19 vaccine build. The FTSE 100 lags, due to GBP/USD strength, but remains reasonably well supported in the...

from DailyFX - Market News https://ift.tt/2OFCSH1
via IFTTT

British Pound (GBP) Latest: Sterling on Hold Ahead of AstraZeneca COVID-19 Vaccine Report

Sterling opens the week little changed with traders waiting for report about the effectiveness of AstraZeneca’s COVID-19 vaccine to be published today.

from DailyFX - Market News https://ift.tt/2CtxvrQ
via IFTTT

Crude Oil Prices at Risk as Q2 Earnings Season Gathers Steam

Crude oil prices are at the mercy of broad market sentiment trends, trading with stocks as the spotlight turns to the Q2 corporate earnings reporting season.

from DailyFX - Market News https://ift.tt/2Be0b7u
via IFTTT

EUR/GBP May Rise on EU Summit, Escalating UK-China Tensions

EUR/GBP looks poised to rise as the Euro is buoyed by EU recovery fund progress while the British Pound is anchored by escalating UK-China tensions.

from DailyFX - Market News https://ift.tt/2OCQRxf
via IFTTT

Gold Price Holds Near 2020 High Despite Net Long US Dollar Exposure

The price of gold trades near the 2020 high ($1818) even though the IG Sentiment index reflects crowding behavior in the US Dollar.

from DailyFX - Market News https://ift.tt/3hijFqZ
via IFTTT

Euro in Limbo on EU Summit. GBP & USD Brace for Brexit & US Fiscal Debate

The Euro, US Dollar and British Pound are mired in cross-continental geopolitical risks as Covid-19 cases globally top 14.4 million.

from DailyFX - Market News https://ift.tt/2OGDJHu
via IFTTT

US Dollar Fundamental Outlook: USD/SGD, USD/IDR, USD/MYR, USD/PHP

The US Dollar may rise against ASEAN FX as coronavirus cases continue climbing and Microsoft earnings could disappoint. Southeast Asia event risk include Malaysian and Singapore CPI.

from DailyFX - Market News https://ift.tt/3eELOa0
via IFTTT

AUD/USD Rate to Stay Afloat as RBA Refrains from Bond Purchases

The Reserve Bank of Australia (RBA) Minutes may keep AUD/USD afloat as the “the Bank has not purchased government bonds for some time.”

from DailyFX - Market News https://ift.tt/30rYhIX
via IFTTT

Hang Seng Founds Support at 25,000 as Mainland A-Share Rebounds

Hang Seng Index has found support at 25,000 after a volatile week, though virus threat posts risk ahead. FTSE China A50 index consolidates above 15,000.

from DailyFX - Market News https://ift.tt/2WC92r1
via IFTTT

NZD/USD, NZD/JPY May Wilt as Covid-19 Concerns Halt Trans-Tasman Bubble

The NZD/USD and NZD/JPY exchange rates may break lower as surging coronavirus cases in Australia threaten the implementation of the Trans-Tasman travel bubble.

from DailyFX - Market News https://ift.tt/2BdWfDM
via IFTTT

USD May Fall Despite Rising Covid-19 Cases, Euro Holding Breath on EU Summit

Despite a growing number of coronavirus cases, the US Dollar may extend its losses versus its peers while the Euro waits in suspense on the outcome of a key EU summit.

from DailyFX - Market News https://ift.tt/2WASeRk
via IFTTT

Markets Week Ahead: US Dollar, Dow Jones, S&P 500, Microsoft, Coronavirus

The US Dollar fell as the S&P 500 and Dow Jones climbed despite rising coronavirus cases in the US. With earnings season in full swing, all eyes turn this week to Microsoft after dismal figures fro...

from DailyFX - Market News https://ift.tt/2Cq9fqo
via IFTTT

Nasdaq 100, Dow Jones, DAX 30 Forecasts for the Week

The major equity markets will look to another string of high profile earnings reports in the week ahead as other tech members throw their hat in the ring following a rough start to the season.

from DailyFX - Market News https://ift.tt/30lXmK3
via IFTTT

Euro Forecast: Outlook for EUR/USD Positive After ECB and EU Summit

The week ahead is looking quieter but positive for EUR/USD and the Euro crosses after a busy few days that included both Thursday’s ECB meeting and the weekend EU Summit.

from DailyFX - Market News https://ift.tt/2OBwXCx
via IFTTT

Gold Price Forecast: Gold Above $1800, What Next?

Gold prices are on course for a 6th consecutive weekly gain, the first time in over a year.

from DailyFX - Market News https://ift.tt/2OD7U1S
via IFTTT

US Dollar Outlook Bearish on Economic Stabilization, Soft Haven Demand

The US Dollar may extend its losses against its G10 peers as signs of economic stabilization alleviate demand for haven-linked assets like the Greenback.

from DailyFX - Market News https://ift.tt/32wSm8m
via IFTTT

Crude Oil Weekly Forecast - Oil Price Supported by OPEC Demand Forecasts and Easing Production Cuts

OPEC+ producers will begin easing recent supply cuts from the start of August as demand continues to pick-up.

from DailyFX - Market News https://ift.tt/3fIxK0v
via IFTTT

Australian Dollar May Wilt with Dow Jones, S&P 500 Looking Wobbly

The Australian Dollar may fall as rising US coronavirus cases may result in lockdowns being reinstated. The S&P 500 and Dow Jones also look wobbly with earnings season in full swing.

from DailyFX - Market News https://ift.tt/32xt5e3
via IFTTT

Canadian Dollar Price Outlook: USDCAD Range Continues Post-BoC

USD/CAD has continued to trade in its pre-defined range after the Bank of Canada maintained rates at their recent meeting.

from DailyFX - Market News https://ift.tt/39di4jp
via IFTTT

S&P 500 Price Outlook: Will Abysmal Netflix Earnings Dent Sentiment?

Streaming service provider and content producer Netflix saw its stock price crater after reporting weak earnings and guidance after the close on Thursday.

from DailyFX - Market News https://ift.tt/30jHJmD
via IFTTT

EUR/USD, Gold Price & More – Charts for Next Week

The Euro continues to look steady and heading higher, while gold as well has a firm structure with a clean line-in-the-sand to watch.

from DailyFX - Market News https://ift.tt/2CFXMmD
via IFTTT

Australian Dollar Forecast: Key AUD/USD Levels to Watch

Rather calm week for the Australian Dollar. However, upside has stalled at key resistance.

from DailyFX - Market News https://ift.tt/30iSDsO
via IFTTT

EUR/GBP Price Latest: Back Above Supportive Short-Term Trendline

EUR/GBP continues to make supportive higher lows this week and is back above a trendline started in late April. IG client sentiment data suggests further gains may be on the cards.

from DailyFX - Market News https://ift.tt/3h5JJFG
via IFTTT

British Pound (GBP) Latest: GBP/USD May Receive a Boost Next Week on Vaccine News

GBP/USD remains in the middle of this week’s tight range after a slew of heavyweight data failed to trigger a move. A report out Monday on the Oxford COVID-19 vaccine may give Sterling a fresh driver.

from DailyFX - Market News https://ift.tt/2ZyQud8
via IFTTT

EUR/USD Eyes Fresh Yearly Highs After Topside Break of Bullish Chart Pattern

The EUR/USD exchange rate may climb to fresh yearly highs after validating the breakout of a bullish continuation pattern.

from DailyFX - Market News https://ift.tt/3h0qzB8
via IFTTT

USD/IDR May Rise as Jakarta Composite Falls After Bank of Indonesia

The USD/IDR may rise after the Bank of Indonesia cut rates to a record low, expected more intervention from the BI. This is as the Jakarta Composite index rose beyond a 4-month high.

from DailyFX - Market News https://ift.tt/3fPeO0l
via IFTTT

S&P 500 Challenges 3,200 Resistance, Hang Seng Tests 25,000 Support

US indices fell slightly as technology sector stocks fell. The Hang Seng Index is set to test a key support at 25,000 after falling 2% yesterday. Netflix share price fell 9%.

from DailyFX - Market News https://ift.tt/3j92BW5
via IFTTT

Gold Prices Vulnerable as RSI Snaps Upward Trend

Recent developments in the Relative Strength Index (RSI) warn of a potential pullback in the price of gold as the indicator snaps the upward trend from June.

from DailyFX - Market News https://ift.tt/30kX1r4
via IFTTT

US Dollar May Reclaim Lost Ground vs AUD as Haven Demand Spikes

The US Dollar may extend its gains after stocks on Wall Street ended in the red and put a premium on haven-linked and anti-risk assets.

from DailyFX - Market News https://ift.tt/395GdIH
via IFTTT

USD/CAD Price Outlook: Dollar Builds a Base, Loonie Eyes Oil

USD/CAD just bounced off technical support near the 1.3500-price level as the Greenback gains ground and the Loonie edges lower alongside crude oil following fresh BoC rate guidance.

from DailyFX - Market News https://ift.tt/3jcGAG4
via IFTTT

S&P 500 Price Outlook: Will Abysmal Netflix Earnings Dent Sentiment?

Streaming service provider and content producer Netflix saw its stock price crater after reporting weak earnings and guidance after the close on Thursday.

from DailyFX - Market News https://ift.tt/3fwQlfU
via IFTTT

Nasdaq 100 Forecast: Netflix Earnings Loom as Tech Sentiment Teeters

Netflix marks the first earnings report from a member of the widely watched FANGMAN group, a collection of stocks that are integral to the Nasdaq’s recent success. Sentiment hangs in the balance.

from DailyFX - Market News https://ift.tt/2ZxEKrn
via IFTTT

US Dollar Price Action Setups: EUR/USD, GBP/USD, AUD/USD

It's been a climactic week across global markets and the US Dollar is showing breakdown potential after re-testing a key zone of long-term support.

from DailyFX - Market News https://ift.tt/2Ou01Mb
via IFTTT

XAG/USD Forecast: Silver Price Action at the Precipice

Silver is trading at yearly highs even with some technical and fundamental factors stacked against it. How will the rest of Q3 pan out for the precious metal?

from DailyFX - Market News https://ift.tt/2DH3K70
via IFTTT

Euro Forecast: Bull Moves Unphased by July ECB Meeting - Key Levels for EUR/JPY & EUR/USD

The tone of the July ECB press conference was cautiously optimistic, with ECB President Lagarde stressing that an “ambitious and coordinated fiscal stance remains critical.”

from DailyFX - Market News https://ift.tt/2OuQUev
via IFTTT

EUR/USD Flat as ECB Leaves Policy Unchanged, Eyes Turn to EU Summit

The European Central Bank has left Eurozone monetary policy unchanged, as expected, leaving Euro traders free to concentrate on a European Council meeting to discuss a proposed EU recovery fund.

from DailyFX - Market News https://ift.tt/391ikC1
via IFTTT

Bitcoin (BTC) Sliding Into Multi-Week Range Support

Bitcoin has broken below the short-term moving average and is heading back towards the USD9,000 level. Volatility remains at a multi-month low.

from DailyFX - Market News https://ift.tt/3j6vFxr
via IFTTT

Japanese Yen May Win Safe-Haven Battle Over US Dollar: NZD/JPY at Risk

As upside in equity markets stall, the Japanese Yen stands to benefit against risk sensitive currencies.

from DailyFX - Market News https://ift.tt/399cizq
via IFTTT

British Pound (GBP) Latest: GBP/USD Still Weak After UK Jobs Data

GBP/USD is continuing its modest trend lower in the wake of UK labor-market data showing an unexpected fall in the claimant count measure of unemployment last month.

from DailyFX - Market News https://ift.tt/2Zv6m0m
via IFTTT

EUR/CHF, EU Stoxx 50 Index Stalling as Investors Eye ECB, EU Summit

The EUR/CHF exchange rate and the EU Stoxx 50 index are stalling at chart resistance as investors eye the ECB rate decision and EU special summit.

from DailyFX - Market News https://ift.tt/3ez2srA
via IFTTT

Gold Prices May Fall as the US Dollar Rebounds in Risk-Off Trade

Gold prices may turn lower alongside stocks and cyclical commodities like crude oil as a defensive turn in market sentiment buoys the US Dollar.

from DailyFX - Market News https://ift.tt/3eGdThn
via IFTTT

EUR/USD Forecast: 2020 High on Radar as Bull Flag Pattern Unfolds

EUR/USD now appears to be on track to test the 2020 high (1.1495) as a bull flag formation unfolds ahead of the ECB interest rate decision.

from DailyFX - Market News https://ift.tt/3es8Ssw
via IFTTT

AUD/USD, ASX 200 Plunge as Jobless Rate Surges to 22-Year High

The AUD/USD exchange rate and ASX 200 stock index plunged as Australia’s jobless rate surged to its highest levels in 22 years.

from DailyFX - Market News https://ift.tt/32n1wnR
via IFTTT

BTC Price Outlook: Bitcoin Chart Coiled, Pennant Breakout Eyed

Bitcoin has faced selling pressure since early June, but as the cryptocurrency consolidates into a bullish pennant formation, BTC price action may be gearing up for another massive move.

from DailyFX - Market News https://ift.tt/3ftwApw
via IFTTT

USD/CAD Rate Eyes June Low on Wait-and-See BoC Policy

USD/CAD may continue to give back the advance from the June low (1.3315) as the Bank of Canada (BoC) endorses a wait-and-see approach for monetary policy.

from DailyFX - Market News https://ift.tt/2OvvIop
via IFTTT

AUD Volatility Ahead? AUD/USD Eyes Australian Jobs & China GDP

The Australian Dollar may experience higher-than-usual volatility ahead of a data-packed session with local jobs and Chinese GDP data as Asia-Pacific trade’s main focus.

from DailyFX - Market News https://ift.tt/32nQXR9
via IFTTT

US Dollar Forecast: Testing Major Channel Support - Levels for DXY Index

The US Dollar (via the DXY Index) has been slowly descending towards significant uptrend support, with all but three days in July thus far producing losses.

from DailyFX - Market News https://ift.tt/3extcJ0
via IFTTT

Nasdaq 100 Forecast: Netflix Earnings Loom as Tech Sentiment Teeters

Netflix marks the first earnings report from a member of the widely watched FANGMAN group, a collection of stocks that are integral to the Nasdaq’s recent success. Sentiment hangs in the balance.

from DailyFX - Market News https://ift.tt/2ZB3NKp
via IFTTT

Euro Price Analysis: EUR/USD Tests Resistance Ahead of ECB, EU Summit

EUR/USD is testing a huge area on the chart and there are a couple of large potential drivers on the horizon for the single currency. Can bulls push through?

from DailyFX - Market News https://ift.tt/2WnbBgN
via IFTTT

Mexican Peso Outlook at the Mercy of US Economic Trends

Understanding the US-Mexico relationship and how the ebb and flow of economic activity in the former impacts the latter is crucial for trading USD/MXN.

from DailyFX - Market News https://ift.tt/3hUwUiT
via IFTTT

Canadian Dollar Mixed on BoC Decision; QE Continues as CPI Slumps

CAD price action took a tumble after the latest Bank of Canada monetary policy statement, which conveyed a dovish tone amid muted inflation outlook as economic slack could persists into 2022.

from DailyFX - Market News https://ift.tt/390HlwZ
via IFTTT

Canadian Dollar Trading: US Economic Growth Takes Center Stage

A macro forex trading guide exploring the US-Canada relationship and how to trade the Canadian Dollar through the prism of the Core-Perimeter model.

from DailyFX - Market News https://ift.tt/3icKEW8
via IFTTT

Crude Oil, S&P 500 & Gold: Index & Commodity Charts

Oil is up against the big Saudi gap, the S&P 500 still looking higher, while gold battles at big long-term resistance.

from DailyFX - Market News https://ift.tt/3h4CYUO
via IFTTT

EUR/USD Rallies Ahead of EU Summit, Eyes on 2020 High

EUR/USD continues its surge ahead of EU summit, but an agreement is still unlikely this week.

from DailyFX - Market News https://ift.tt/32lM7DZ
via IFTTT

USD/CAD Eyes US Dollar Weakness and Bank of Canada Policy Decision

The latest Bank of Canada monetary policy meeting should give USD/CAD traders further insight into the pair’s short-term destiny as technical indicators currently blur sentiment.

from DailyFX - Market News https://ift.tt/2Wn8Zzf
via IFTTT

Crude Oil Prices May Not Find Lasting Support in OPEC+ Efforts

Crude oil prices seem unlikely to find lasting support even if OPEC+ extends supply-cut efforts beyond month-end as the Covid-19 outbreak sinks demand.

from DailyFX - Market News https://ift.tt/38VUt6C
via IFTTT

British Pound (GBP) Latest: EUR/GBP Easing After Surprise UK Inflation Rise

UK inflation rose unexpectedly in June, lifting GBP/USD modestly and weakening EUR/GBP ahead of the European Council meeting starting Friday to discuss an EU recovery fund.

from DailyFX - Market News https://ift.tt/30gfgxM
via IFTTT

USD/CNH Rate May Rise as Trump Ends Hong Kong's Special Status

The USD/CNH exchange rate may rise as President Donald Trump ends Hong Kong’s ‘special status’ with the United States.

from DailyFX - Market News https://ift.tt/2Oonbn9
via IFTTT

Nikkei 225 Breaks 22,700 Resistance, Hang Seng Wobbles on US Sanctions

The Nikkei 225 Index rose 1.5%, breaking key resistance. The Hang Seng Index struggled to hold gains after Donald Trump’s order to end Hong Kong’s special status with the US.

from DailyFX - Market News https://ift.tt/2WkA0TQ
via IFTTT

Gold Price Forecast: Extreme RSI Reading to Offer Bullish Signal

The Relative Strength Index (RSI) may offer a bullish for the price of gold if the indicator produces the extreme readings seen in February.

from DailyFX - Market News https://ift.tt/3fuYqSn
via IFTTT

Silver Price Eyes Fresh 2020 Highs on US Dollar Weakness

Silver price eyes fresh 2020 highs as the US Dollar continues to slide against its major counterparts.

from DailyFX - Market News https://ift.tt/2ZrTg3S
via IFTTT

AUD May Fall on US-China Trade Deal Fears, Crude Oil Eyes OPEC Meeting

The Australian Dollar is groaning at revived US-China trade tensions as crude oil prices eye a key OPEC+ meeting. The Euro may tense up ahead of negotiations on a EUR750b aid package.

from DailyFX - Market News https://ift.tt/2OmWeQU
via IFTTT

NZD/USD Rate Rebound Undermined by RSI Divergence

The Relative Strength Index (RSI) undermines the recent rebound in NZD/USD as the indicator flops ahead of overbought territory and appears to be diverging with price.

from DailyFX - Market News https://ift.tt/2DIQ6As
via IFTTT

Japanese Yen May Rise on Asian Geopolitical Risks, BoJ Rate Decision

The Japanese Yen may get a tailwind from US-China geopolitical tension over Hong Kong and the Bank of Japan rate decision and publication of its Quarterly Outlook Report.

from DailyFX - Market News https://ift.tt/3fvjp7A
via IFTTT

Dow Jones Price Outlook: Bank Earnings Warn of Unusual Recession Ahead

Earnings from some of the largest US banks were scattered across the board, but nearly every report warned of a prolonged recession in the wake of coronavirus.

from DailyFX - Market News https://ift.tt/3eroCvF
via IFTTT

Canadian Dollar Price Analysis: USD/CAD Range Remains for Now

USD/CAD has built into a range over the past month and despite the fireworks that have shown elsewhere, USD/CAD has yet to show signs of breaking out of this chain of mean reversion.

from DailyFX - Market News https://ift.tt/38XY2cp
via IFTTT

EUR/GBP Analysis: EURGBP Turns Sharply Higher After Failed Breakdown

EUR/GBP has rebounded sharply after the recent failed breakdown.

from DailyFX - Market News https://ift.tt/2OoJn0D
via IFTTT

EUR/USD, EUR/JPY Bullish Breakouts Extend Gains - Key Levels

The Euro continues to post solid gains at the expense of the Japanese Yen and the US Dollar.

from DailyFX - Market News https://ift.tt/2Ca0CAf
via IFTTT

Dow Jones Price Analysis: Conflicted As Earnings Season Begins

As earnings season enters the spotlight and fears of a second wave continue to rise, will the Dow Jones favor the bulls or the bears?

from DailyFX - Market News https://ift.tt/308qSTE
via IFTTT

Bullish Sentiment Signals for EUR/JPY, EUR/CHF | Webinar

The outlook is bullish for EUR/JPY and EUR/CHF if you take a contrarian view of retail trader positioning data.

from DailyFX - Market News https://ift.tt/38Sn2ly
via IFTTT

Gold Price Outlook: XAU/USD May Struggle to Rally Further as Supportive Trend Breaks

Gold is finding further upside difficult after hitting a fresh near eight-year peak last week. The supportive trend started in early June is now breaking.

from DailyFX - Market News https://ift.tt/2WjRGiB
via IFTTT

DAX 30 Price Outlook: Breakout on the Horizon, EU Summit in Focus

DAX upside struggles once again at familiar resistance. Short term range holds for now.

from DailyFX - Market News https://ift.tt/32h4PN2
via IFTTT

FTSE 100 Latest: Weakening Only Modestly After Poor UK GDP Data

The FTSE 100 index of the major London-listed stocks is falling Tuesday, but by less than other major European equity indexes despite UK GDP data that fell short of expectations.

from DailyFX - Market News https://ift.tt/3iYxLPX
via IFTTT

GBP/USD Remains Under Pressure After Weak UK GDP Release

The UK economy remains in the doldrums with the latest UK GDP figures missing already lowly expectations, putting pressure back on Sterling.

from DailyFX - Market News https://ift.tt/2CwNGo0
via IFTTT

Euro Technical Outlook: EUR/CAD, EUR/NOK, EUR/SEK Levels to Watch

EUR/NOK, EUR/CAD look poised for further gains after bouncing off key moving average support. EUR/SEK may fall after breaching long-term uptrend.

from DailyFX - Market News https://ift.tt/306yTZl
via IFTTT

EUR/USD Rates to Watch Ahead of ECB Interest Rate Decision

EUR/USD appears to be on track to test the June high (1.1423) as the European Central Bank (ECB) is expected to retain the current policy on July 16.

from DailyFX - Market News https://ift.tt/3fsnmd5
via IFTTT

Core-Perimeter Trading Model: US, Eurozone & China

The Core-Perimeter framework allows traders to understand the macro-fundamental interactions between powerhouse economies and their perimeter counterparts, offering valuable insight on how to trade...

from DailyFX - Market News https://ift.tt/3gm3UyE
via IFTTT

ASX 200 Stock Index Remains Capped amid Australia-China Trade Tensions

The ASX 200 stock index looks poised for a reversal at key resistance as Australia-China trade tensions continue to escalate.

from DailyFX - Market News https://ift.tt/3fsHoV1
via IFTTT

S&P 500 Retraces at Key Resistance, Hang Seng Faces a Pullback

The S&P 500 index dropped nearly 1% overnight as tech stocks plunged. Asia-Pacific equities are set to follow lower. Singapore’s 2Q GDP fell -12.6% year-on-year.

from DailyFX - Market News https://ift.tt/3fsDY4m
via IFTTT

US Dollar, USD/SGD Gain. Singapore Enters Recession on Record GDP Drop

The USD/SGD rose as Singapore’s economy entered a technical recession after the worst contraction in GDP on record. What’s next for the Singapore Dollar and the Straits Times Index?

from DailyFX - Market News https://ift.tt/3fpJo04
via IFTTT

AUD/USD Rate Outlook Mired by Failure to Test 2020 High

AUD/USD may continue to consolidate ahead of Australia’s Employment report amid the failed attempt to test the 2020 high (0.7064).

from DailyFX - Market News https://ift.tt/3gXahsQ
via IFTTT

Copper Price Outlook Bearish as Market Optimism Makes a U-Turn

Copper prices may retreat as risk appetite wanes after a disappointing session in Wall Street trade and formidable geopolitical tensions in Asia.

from DailyFX - Market News https://ift.tt/309XHiP
via IFTTT

US Dollar Ripe for Volatility as Stocks Swing Amid Earnings

The US Dollar is catching a bid late on Monday as the safe-haven currency perks up alongside the VIX Index, which follows a nasty intraday reversal to the downside staged by stocks ahead of earning...

from DailyFX - Market News https://ift.tt/2Oma99V
via IFTTT

Dollar vs Mexican Peso Price Outlook: USD/MXN Breakout Brewing

Mexican Peso is attempting a fourth consecutive daily advance with USD/MXN testing support early in the week. These are the levels that matter on the technical charts.

from DailyFX - Market News https://ift.tt/2AW42WP
via IFTTT

Australian Dollar Fundamental Forecast for Q3 2020

A shift in the RBA’s forward guidance should heighten the appeal of the Australian Dollar if the central bank prepares to remove the yield target later this year.

from DailyFX - Market News https://ift.tt/3ftBcMg
via IFTTT

EUR/USD & AUD/USD in Focus Ahead of ECB, Jobs & Retail Sales

EUR/USD and AUD/USD could experience heightened market activity next week with the Euro, US Dollar, and Australian Dollar primed for volatility around key event risk and data releases on deck.

from DailyFX - Market News https://ift.tt/2OiO6kv
via IFTTT

Crude Oil Price Trapped at Resistance as Other Risk Assets Climb

Crude oil has struggled with resistance near $41.25 even as other growth-linked assets and commodities continue to climb. Will crude catch up or have the other assets gone too far, too fast?

from DailyFX - Market News https://ift.tt/3flcT3b
via IFTTT

US Dollar Forecast: Nearing the Bottom as COVID-19 Cases Soar?

The DXY Index has been weighed down by concerns over the United States’ coronavirus surge.

from DailyFX - Market News https://ift.tt/2WeLvMN
via IFTTT

GBP/USD Price Analysis: Cable Indecisive Ahead of Earnings Season

Bulls continue to dominate in the medium-term, but with shorter-term price action turning to the downside, will momentum shift?

from DailyFX - Market News https://ift.tt/2Whee3o
via IFTTT

Markets Week Ahead: Gold Prices, Dow Jones, Earnings Season, Euro, ECB

Gold prices accelerated higher as longer-dated Treasury yields declined. While the Dow Jones and S&P 500 rose, stock valuations will be tested as earnings season gets underway. The Euro awaits the ...

from DailyFX - Market News https://ift.tt/2DuQ3bc
via IFTTT

GBP/USD, EUR/GBP and FTSE 100 Outlooks - UK Weekly Webinar

A series of heavyweight UK data releases and the latest US earning season will add volatility to a market already ignoring heighted COVID-19 fears.

from DailyFX - Market News https://ift.tt/2WdZToA
via IFTTT

British Pound (GBP) Latest: GBP/USD Running Into Resistance, Busy Week Ahead

Sterling continues to push higher against a weak US dollar and GBPUSD now nears 200-dma resistance. The economic calendar is packed full of potential market moving data releases this week.

from DailyFX - Market News https://ift.tt/3gQzQLY
via IFTTT

EUR/USD, EU Stoxx 50 Stock Traders to Focus on Recovery Fund Talks

EUR/USD, EU Stoxx 50 stock market index stalling at resistance as investors look to the European Union’s ‘special summit’ on July 17.

from DailyFX - Market News https://ift.tt/3iZKh1u
via IFTTT

Crude Oil Prices May Rise with Stocks But OPEC+ Meeting Looms Large

Crude oil prices might benefit from a recovery in market-wide risk appetite but apprehension before an upcoming OPEC+ meeting may limit upside follow-through.

from DailyFX - Market News https://ift.tt/3fjBmpw
via IFTTT

Gold Price Holds Near 2020 High as RSI Flirts with Overbought Zone

The RSI may continue to offer a bullish outlook for the price of gold if the indicator rebounds from trendline support and produces the extreme readings seen in February.

from DailyFX - Market News https://ift.tt/30agqLw
via IFTTT

AUD May Fall on US-China Trade Deal Fears, Crude Oil Eyes OPEC Meeting

The Australian Dollar is groaning at revived US-China trade tensions as crude oil prices eye a key OPEC+ meeting. The Euro may tense up ahead of negotiations on a EUR750b aid package.

from DailyFX - Market News https://ift.tt/2OkbC0l
via IFTTT

US Dollar Fundamental Outlook: USD/SGD, USD/MYR, USD/IDR, USD/PHP

The US Dollar weakened against ASEAN currencies like the Singapore Dollar, Malaysian Ringgit, Indonesian Rupiah and Philippine Peso. Ahead, Chinese GDP and US retail sales are eyed.

from DailyFX - Market News https://ift.tt/2C49yXU
via IFTTT

USD/CAD Rate Outlook Hinges on Bank of Canada (BoC) Forward Guidance

USD/CAD may continue to track the June range ahead of the Bank of Canada (BoC) rate decision on July 15 as the central bank is expected to retain the current policy.

from DailyFX - Market News https://ift.tt/2DEpbpz
via IFTTT

S&P 500 Faces Earnings Check, Hang Seng Index May Rise

S&P 500 index futures are climbing Monday opening despite of surging virus cases. Traders are eyeing Q2 earnings reports this week. The Hang Seng Index is set to open higher.

from DailyFX - Market News https://ift.tt/3gTqzCR
via IFTTT

New Zealand Dollar Outlook: GBP/NZD, EUR/NZD, NZD/CHF Levels to Watch

The GBP/NZD, EUR/NZD exchange rates seem poised to reverse their respective 4-month downtrends as NZD/CHF struggles at key resistance.

from DailyFX - Market News https://ift.tt/2BUEwSo
via IFTTT

USD May Fall Vaccine Hope, AUD Rattled by US-China Trade War

The US Dollar and anti-risk Japanese Yen may continue to suffer on hopes of a Covid-19 vaccine, but could get a lift versus AUD and NZD as US-China trade tensions haunt APAC FX.

from DailyFX - Market News https://ift.tt/2ZltkXw
via IFTTT

Markets Week Ahead: Gold Prices, Dow Jones, Earnings Season, Euro, ECB

Gold prices accelerated higher as longer-dated Treasury yields declined. While the Dow Jones and S&P 500 rose, stock valuations will be tested as earnings season gets underway. The Euro awaits the ...

from DailyFX - Market News https://ift.tt/2C2FoEo
via IFTTT

GBP/USD Weekly Forecast: GBP Cheers Stimulus, Rally at Risk of Stalling

A plethora of UK data, however, external factors remain the key driver as GBP/USD edges towards 200DMA.

from DailyFX - Market News https://ift.tt/2W7ccTG
via IFTTT

Japanese Yen Outlook Bullish on Coronavirus Surge, US Earnings Season

The Japanese Yen may rise if a growing number of coronavirus cases around the world puts a premium on anti-risk assets. JPY’s gains may be amplified if corporate earnings fail to impress investors.

from DailyFX - Market News https://ift.tt/38KxP10
via IFTTT

Dow Jones, S&P 500, DAX 30, FTSE 100 Outlook: Stocks Week Ahead

The Dow Jones and S&P 500 nervously face the earnings season ascoronavirus deaths could reimpose lockdowns. The DAX 30 eyes an EU rescue package as the FTSE 100 awaits GDP data.

from DailyFX - Market News https://ift.tt/2Zf7qp0
via IFTTT

Euro Forecast: EUR/USD to Find Direction from ECB and EU Summit

Two major events will dominate Euro trading in the coming week: an ECB meeting on Eurozone monetary policy, followed by an EU summit to reach agreement on a recovery fund.

from DailyFX - Market News https://ift.tt/3gRaUnH
via IFTTT

EUR/USD & AUD/USD in Focus Ahead of ECB, Jobs & Retail Sales

EUR/USD and AUD/USD could experience heightened market activity next week with the Euro, US Dollar, and Australian Dollar primed for volatility around key event risk and data releases on deck.

from DailyFX - Market News https://ift.tt/3iS5JFS
via IFTTT

XAU/USD Outlook Bearish For Q3 on Financial Risks, Covid-19 Pandemic

Gold prices may surrender to the US Dollar if another wave of the coronavirus hammers global growth prospects and destabilizes the fragile corporate debt market.

from DailyFX - Market News https://ift.tt/3j0NPRo
via IFTTT

Gold Price Forecast: Fed Balance Sheet Drop May Cap Bullion's Surge

Gold price gains seem to depend on monetary stimulus expansion and may turn lower as contraction of the Federal Reserve’s balance sheet underpins the US Dollar.

from DailyFX - Market News https://ift.tt/2Oa1SWB
via IFTTT

Japanese Yen Q3 Fundamental Outlook, Dow Jones and S&P 500 Eyed

The anti-risk Japanese Yen remains glued to the direction of the Dow Jones and S&P 500 benchmarks for Wall Street. What does the road ahead look like for JPY in the third quarter?

from DailyFX - Market News https://ift.tt/38I3mka
via IFTTT

Mexican Peso Latest: USD/MXN Struggles due to US Dollar Indecision

The Mexican Peso is struggling to find direction against the US dollar and may be looking at a period of consolidation as the US dollar decides its next move.

from DailyFX - Market News https://ift.tt/3220X2n
via IFTTT

British Pound Latest (GBP) - GBP/USD Pullback, EUR/GBP Dips Supported

EU and UK negotiations to carry on its arduous process. EUR/GBP dips to find support.

from DailyFX - Market News https://ift.tt/2Cjy3QA
via IFTTT

Gold Prices Fall with Stocks as US-China Tensions Escalate

Gold prices fell alongside stocks as escalating US-China tensions soured market sentiment, driving haven demand for the US Dollar. More of the same is eyed ahead.

from DailyFX - Market News https://ift.tt/2Ocwab2
via IFTTT

Canadian Dollar Outlook: USD/CAD, CAD/JPY Hinge on Employment Data

USD/CAD eyeing a breakout, CAD/JPY poised for further declines should Canadian employment data disappoint.

from DailyFX - Market News https://ift.tt/2W5vsRl
via IFTTT

AUD/USD Fails to Test June High Despite ‘New Phase’ of Fiscal Stimulus

Failure to test the June high (0.7064) may generate range bound conditions in AUD/USD even though Treasurer Frydenberg plans to unveil a “new phase” of fiscal stimulus.

from DailyFX - Market News https://ift.tt/2ZccAC5
via IFTTT

Dow Jones Eyes Support, Straits Times Faces Singapore General Election

The Dow Jones and S&P 500 declined as the Nasdaq Composite rose. Ahead, the Shanghai Composite may fall as the Straits Times index eyes the Singapore General Election.

from DailyFX - Market News https://ift.tt/3ea6BSA
via IFTTT

Crude Oil Prices May Extend Drop After Covid-19 Surge, Biden Speech

Crude oil prices fell as rising coronavirus cases in the US and a populist tilt in comments from Democratic presidential candidate Joe Biden spooked investors. Brent may continue lower in Asia-Paci...

from DailyFX - Market News https://ift.tt/38OwOVJ
via IFTTT

S&P 500, Dow Jones & Nasdaq 100 Forecast: Earnings Season Arrives

Earnings season has arrived and brings with it the possibility of immense volatility in single shares given the high degree of uncertainty. What does this mean for the Dow Jones, Nasdaq and S&P 500?

from DailyFX - Market News https://ift.tt/31ZJ6cm
via IFTTT

Stock Market Third Quarter Forecast: Covid Concerns & Fed Policy to Clash

Equity markets endured significant volatility last quarter even as they staged a remarkable recovery, but many of the same themes behind the initial crash exist heading into the third quarter.

from DailyFX - Market News https://ift.tt/2W3jiII
via IFTTT

Macro Matters: Gold, USD, Equities Pullback - More in Store?

The highflying rally in risk assets is coming into question as coronavirus cases in the US continue to spike. But what does the Fed have to say?

from DailyFX - Market News https://ift.tt/3iIRwLg
via IFTTT

Australian Dollar Outlook: AUD/USD Price Trend Faces Pushback

Noted by a quick 50-pip tumble across AUD/USD price action, the Australian Dollar has faced fresh selling pressure as the pro-risk Aussie probes technical resistance and China tension sours sentiment.

from DailyFX - Market News https://ift.tt/3gJ8J5k
via IFTTT

S&P 500 Rallies as Key Insiders Dump Stock, Traders Add Shorts

The S&P 500 index may continue pacing higher as traders shift into an increasingly net-short position, but corporate insider activity flash worrying signals for broader market trends.

from DailyFX - Market News https://ift.tt/3iN2srm
via IFTTT

Dollar as a Safe Haven or Source of Global Instability?

The US Dollar is the traditional safe haven currency – a boon when global risk is shaken by a pandemic. And yet, that role is not inviolable. With a swell in COVID cases in the US, trade sparks rek...

from DailyFX - Market News https://ift.tt/3gJ1pqA
via IFTTT

Copper Price: Rally Continues Towards Multi-Month High

Copper continues to push ever higher and is now within touching distance of making a fresh 2020 high.

from DailyFX - Market News https://ift.tt/3gLF0Zt
via IFTTT

US Dollar (DXY) Eyes Multi-Month Low But Speculators are Trimming Their Short Positions

The US dollar chart remains weak with a short-term series of lower highs and lower lows highlighting the greenback’s weakness. A new multi-month low may be on the horizon.

from DailyFX - Market News https://ift.tt/2DqVAzJ
via IFTTT

DAX 30, FTSE 100, Euro Stoxx 50 Outlook: Recovery Begins to Stall

DAX edges towards key pivot, Euro Stoxx 50 fails to hold 200DMA, while FTSE 100 momentum signals to downside risks

from DailyFX - Market News https://ift.tt/2O8XHdw
via IFTTT

Crude Oil Prices Eye US Jobless Claims Data as Lockdowns Return

Crude oil prices are taking their cues from market sentiment trends, tracking stock exchanges. US jobless claims data is now in focus as some states reinstate lockdowns.

from DailyFX - Market News https://ift.tt/2ZYoZJg
via IFTTT

British Pound (GBP) Latest: More Upside Likely in GBP/USD After Mini Budget

UK Chancellor Rishi Sunak’s summer statement has lifted GBP/USD and the pair may well continue to rise, although a period of consolidation first cannot be ruled out.

from DailyFX - Market News https://ift.tt/2OaMGZk
via IFTTT

US Dollar, S&P 500 Stock Index May Fall as Markets Eye Jobless Claims

The US Dollar and S&P 500 stock market index may fall as market participants eye upcoming US jobless claims data.

from DailyFX - Market News https://ift.tt/3gEubZm
via IFTTT

Gold Price Rally Pushes RSI Indicator Into Overbought Territory

The bullish behavior in the price of gold looks poised to persist as the Relative Strength Index (RSI) pushes into overbought territory.

from DailyFX - Market News https://ift.tt/3iJhUEG
via IFTTT

How AUD & NZD Exchange Rates Are Impacted by China’s Economy

from DailyFX - Market News https://ift.tt/38754vn
via IFTTT

NZD/USD Eyes Yearly High, AUD/NZD Reversal Pattern May Fuel Declines

NZD/USD eyes fresh yearly highs after topside break of consolidation. AUD/NZD Head and Shoulders reversal pattern may fuel further declines.

from DailyFX - Market News https://ift.tt/3fdWptJ
via IFTTT

S&P 500 Outlook: Market Shrugs Virus Case Surge, Hang Seng May Rise

The S&P 500 index climbed 0.78% on Tuesday despite a 2.7% jump coronavirus cases in the US. Asia-Pacific stocks aim to follow higher. Gold breaks US$ 1,800.

from DailyFX - Market News https://ift.tt/3ejy2tr
via IFTTT

EUR/USD Rate Eyes June High as Bullish RSI Trend Remains Intact

EUR/USD approaches the June high (1.1423) as the Relative Strength Index (RSI) continues to track the bullish trend from earlier this year.

from DailyFX - Market News https://ift.tt/31Yu1bh
via IFTTT

AUD Braces for China CPI Amid Strained Sino-Australian Relations

AUD will be closely watching the release of Chinese CPI data as geopolitical uncertainty surrounding Sino-Australia relations partially subdue the appeal of AUD/USD.

from DailyFX - Market News https://ift.tt/2VZOMzA
via IFTTT

Canadian Dollar Forecast: USD/CAD Languishes, NZD/CAD Breaks Out

While USD/CAD meanders around the same levels it has for weeks, NZD/CAD appears to be in the early stages of a break out. Are there further gains on the horizon?

from DailyFX - Market News https://ift.tt/2O9tMli
via IFTTT

USD Price Outlook: US Dollar Tests Support as EUR, GBP, CAD Spike

The US Dollar takes another nosedive on Wednesday with the DXY Index trading off by more than 0.5% and near session lows, but will technical support hold as EUR, GBP and CAD rally against the USD?

from DailyFX - Market News https://ift.tt/31ZaE1O
via IFTTT

Gold Price Outlook: XAU Breakout Takes Out 1800 - Fresh 8-Year Highs

It only took eight years for Gold prices to climb back-above 1800; but now that is has, what's next?

from DailyFX - Market News https://ift.tt/32a9aBZ
via IFTTT

DAX 30, CAC 40 & FTSE 100 Forecasts for the Week Ahead

European indices missed out on the rally enjoyed by the Shanghai Composite and the Nasdaq 100, but will their recent consolidation prove healthier in the long run?

from DailyFX - Market News https://ift.tt/3faVg6d
via IFTTT

S&P 500 Rallies as Key Insiders Dump Stock, Traders Add Shorts

The S&P 500 index may continue pacing higher as traders shift into an increasingly net-short position, but corporate insider activity flash worrying signals for broader market trends.

from DailyFX - Market News https://ift.tt/3iBOVme
via IFTTT

GBP/USD Outlook Brighter, EUR/GBP Dimmer After UK Mini Budget

UK Chancellor Rishi Sunak’s summer statement included a package of spending measures broadly in line with expectations that will likely help keep GBP/USD trending higher and EUR/GBP lower.

from DailyFX - Market News https://ift.tt/2VXSw4B
via IFTTT

Australian Dollar vs New Zealand Dollar: AUD/NZD Nearing Key Support

NZD outperformance over AUD may soon end as RBNZ prefers a lower exchange rate.

from DailyFX - Market News https://ift.tt/3iRuu54
via IFTTT

Gold Price Rally Continues Unchecked, XAU/USD Prints a Fresh 8-Year High

Gold continues to climb higher and has just printed a fresh eight-year high. The supportive trend from the early-June swing low remains in place but bullish sentiment is getting stretched.

from DailyFX - Market News https://ift.tt/3gHjsx5
via IFTTT

Gold Prices Aim Above $1800 After Chart Barrier Breach

Gold prices appear poised to probe above the psychologically-challenging $1800/oz figure after prices cleared near-term chart resistance.

from DailyFX - Market News https://ift.tt/3flKdqA
via IFTTT

British Pound (GBP) Latest: GBP/USD Price Consolidating Ahead of Budget

GBP/USD has broken above the 1.25 resistance level ahead of UK Chancellor of the Exchequer Rishi Sunak’s summer statement, which could result in further gains for the pair.

from DailyFX - Market News https://ift.tt/2VWwpeJ
via IFTTT

GBP/USD, FTSE 100 Stock Index Outlook Mired By 'No Deal' Brexit Fears

GBP/USD, FTSE 100 stock index anchored by ‘no deal’ Brexit fears as Britain threatens to leave the EU on ‘Australia terms’.

from DailyFX - Market News https://ift.tt/2O6j2V6
via IFTTT

USD/HKD Shrugs at US Peg Threat, Hang Seng Index Digests Surge

The Hang Seng index is consolidating recent gains having stalled after a weak US trading session. USD/HKD is little changed despite a US threat to undermine its peg.

from DailyFX - Market News https://ift.tt/2OhU993
via IFTTT

USD/CAD Rate Holds July Range Ahead of Canada Employment Report

USD/CAD may continue to consolidate ahead of the update to Canada’s Employment report as it snaps the ascending channel formation carried over from the previous month.

from DailyFX - Market News https://ift.tt/31Uwsvb
via IFTTT

ASX 200 Outlook Hinges On Fiscal Support As Covid-19 Cases Surge

The ASX 200 stock index remains capped by resistance as local Covid-19 cases surge in Melbourne, Australia’s second-biggest city.

from DailyFX - Market News https://ift.tt/2ADllf0
via IFTTT

New Zealand Dollar Analysis: NZD/CHF, NZD/CAD, AUD/NZD

NZD/CHF and NZD/CAD are trading at key levels with signs of doubt about their upside potential as AUD/NZD stares at an abyss after its rejection from five-year resistance.

from DailyFX - Market News https://ift.tt/3e5Nf0R
via IFTTT

Australian Dollar Forecast: RSI Flops Ahead of Overbought Territory

AUD/USD may consolidate over the coming days as the Relative Strength Index (RSI) appears to be reversing course ahead of overbought territory.

from DailyFX - Market News https://ift.tt/3ecCV7k
via IFTTT

AUD/JPY May Extend Losses as Growing Virus Cases Sour Risk Appetite

AUD/JPY may pullback after breaking out of its uptrend as risk appetite wanes amid a growing number of Covid-19 cases and concern about virus-containing policy measures.

from DailyFX - Market News https://ift.tt/2Z7BItP
via IFTTT

Canadian Dollar Forecast: USD/CAD Languishes, NZD/CAD Breaks Out

While USD/CAD meanders around the same levels it has for weeks, NZD/CAD appears to be in the early stages of a break out. Are there further gains on the horizon?

from DailyFX - Market News https://ift.tt/2O5M5Ig
via IFTTT

S&P 500 Rallies as Key Insiders Dump Stock, Traders Add Shorts

The S&P 500 index may continue pacing higher as traders shift into an increasingly net-short position, but corporate insider activity flash worrying signals for broader market trends.

from DailyFX - Market News https://ift.tt/3gCbvJA
via IFTTT

Dollar vs Mexican Peso Price Outlook: USD/MXN Rally to be Short Lived

Mexican Peso is attempting to snap a five-day losing streak with USD/MXN rebounding off key support. These are the levels that matter on the technical charts this week.

from DailyFX - Market News https://ift.tt/2VSzmNa
via IFTTT

Nasdaq 100 & Dow Jones Forecast: Are Stocks in for Another Leg Higher?

The Nasdaq 100 pressed to new heights as Asian equities surged higher on swelling volume. Will strength in other equity markets help extend the rally in US stocks?

from DailyFX - Market News https://ift.tt/3iEDdr1
via IFTTT

Market Sentiment: Nasdaq, Gold and Copper all Trending Higher | Webinar

While many financial markets are currently moving sideways, Tech stocks, Gold and Copper prices are all looking technically positive as their prices continue to climb.

from DailyFX - Market News https://ift.tt/2NZS4yj
via IFTTT

EUR/USD Slides After European Commission Downgrades Forecasts, Risks to the Downside

The latest European Economic Forecast warns of a deeper recession with wider divergences after the European economy suffered the deepest output contraction since World War II.

from DailyFX - Market News https://ift.tt/38xXWbi
via IFTTT

Copper Price: Rally Consolidates Back Into Supportive Trend

Copper’s rally off its mid-March spike-low remains in place but fears over a further outbreak of COVID-19 are dampening further gains today.

from DailyFX - Market News https://ift.tt/3e5TCkM
via IFTTT

British Pound (GBP) Latest: GBP/USD Still Struggling to Break Through 1.25

GBP/USD has yet to make a convincing break above the psychologically-important 1.25 level, with the near-term upside limited by strong resistance at that level.

from DailyFX - Market News https://ift.tt/31VF6tt
via IFTTT

CAC 40, IBEX 35 Poised to Fall Amid Souring Market Sentiment

France's CAC 40 stock index seems poised to fall alongside Spain's IBEX 35 equities benchmark as souring risk appetite weighs on European financial markets

from DailyFX - Market News https://ift.tt/2NYZGRH
via IFTTT

Crude Oil Prices May Turn Lower as Covid-19 Fears Reemerge

Crude oil prices may fall as renewed fears about a second wave of Covid-19 lockdowns undermine risk appetite. Gold prices are struggling for direction.

from DailyFX - Market News https://ift.tt/2ZKzO1d
via IFTTT

US Dollar May Fall as 2021 GDP Outlook Remains Intact: ASEAN Forecast

The US Dollar is pressured as rising coronavirus cases fail to dent 2021 GDP bets. Could the Singapore Dollar, Indonesian Rupiah, Philippine Peso and Malaysian Ringgit rise?

from DailyFX - Market News https://ift.tt/2DefX2R
via IFTTT

Australian Dollar Rises as RBA Keeps Rates on Hold

The Australian Dollar continued to trek higher against its US Dollar counterpart as the Reserve Bank of Australia held interest rates steady.

from DailyFX - Market News https://ift.tt/2Z2iGF8
via IFTTT

Gold Holds Near 2020 High as Fed Main Street Program Goes Operational

Current market conditions may keep the price of gold afloat as the Boston Federal Reserve announces that the Main Street Lending Program is now “fully operational.”

from DailyFX - Market News https://ift.tt/2VUbfOm
via IFTTT

Bitcoin, Litecoin, Ethereum Outlook: BTC/USD, LTC/USD, ETH/USD

Bitcoin and Ethereum prices remain largely in range-bound trade, but a directionlsbias may soon be revealed while LTC/USD is gearing up for a potential spike.

from DailyFX - Market News https://ift.tt/3iEOcAE
via IFTTT

S&P 500 Up as Virus Growth Slows, Asia-Pacific Stocks to Open Higher

The S&P 500 index climbed 1.59% last night as the Covid-19 growth rate fell below its 7-day average in the ‘sun belt’ states of the US. Asia-Pacific stocks aim to follow higher.

from DailyFX - Market News https://ift.tt/2ZJREBt
via IFTTT

EUR/USD Bull Flag Still on Radar as RSI Preserves Bullish Trend

A bull flag formation remains on the radar for EUR/USD as the Relative Strength Index (RSI) continues to track the bullish trend from earlier this year.

from DailyFX - Market News https://ift.tt/2AEAL2K
via IFTTT

AUD May Extend Gains on RBA Rate Decision After Wall Street Bounce

The Australian Dollar may glimmer in Tuesday’s Asia-Pacific trading session as investors gear up for the Reserve Bank of Australia (RBA) rate decision.

from DailyFX - Market News https://ift.tt/2ZIEh4r
via IFTTT

Nasdaq 100 & Dow Jones Forecast: Are Stocks in for Another Leg Higher?

The Nasdaq 100 pressed to new heights as Asian equities surged higher on swelling volume. Will strength in other equity markets help extend the rally in US stocks?

from DailyFX - Market News https://ift.tt/2Cbz0dP
via IFTTT

Canadian Dollar Price Outlook: USD/CAD Stalls Ahead of Key Support

USD/CAD has been range bound over the past few weeks, with the 1.3500 area thwarting sellers on multiple occasions. Can bears take control?

from DailyFX - Market News https://ift.tt/31MudKB
via IFTTT

DAX 30 Forecast: What Stock Will Replace Wirecard on the DAX 30 Index?

The accounting scandal that took down Wirecard has led to an implosion in share price for the tech stock, rendering it subject to removal from the DAX 30. What stock will take its place?

from DailyFX - Market News https://ift.tt/3ebD2QN
via IFTTT

US Dollar Weakness Abates on Upbeat Services PMI

US Dollar price action recovered marginally Monday morning on a better than expected services sector report from the Institute for Supply Management

from DailyFX - Market News https://ift.tt/2O0UQ6g
via IFTTT

US Dollar, VIX Index Stumble as Stock Market Euphoria Prevails

Appetite for risk endures and continues to weigh negatively on the broader US Dollar, which has tracked the VIX Index ‘fear-gauge’ lower as global equities melt higher. Where is the USD and stock m...

from DailyFX - Market News https://ift.tt/2ZLFqbL
via IFTTT

S&P 500 Rallies as Key Insiders Dump Stock, Traders Add Shorts

The S&P 500 index may continue pacing higher as traders shift into an increasingly net-short position, but corporate insider activity flash worrying signals for broader market trends.

from DailyFX - Market News https://ift.tt/38v6KyR
via IFTTT

GBP/USD, EUR/GBP and FTSE 100 Latest Outlooks - UK Market Webinar

Sterling is treading water with a very mild upside bias, especially against a weaker US dollar. EU/UK trade talks continue and on Wednesday Chancellor Sunak announces a summer budget update.

from DailyFX - Market News https://ift.tt/31PFR7i
via IFTTT

Australian Dollar Forecast: Will the RBA Talk About AUD/USD?

Australian Dollar continues to track risk sentiment higher, despite the rising concerns over a second wave of COVID cases

from DailyFX - Market News https://ift.tt/31Nz8uL
via IFTTT

British Pound (GBP) Latest: GBP/USD Uplift Driven by US Dollar Weakness

The latest bout of US dollar weakness has helped to push GBP/USD a touch higher but commentary from this week’s EU/UK trade talks will soon become the main driver of the pair.

from DailyFX - Market News https://ift.tt/2O15Ctc
via IFTTT

Euro Charts Hint at Rise, EU Stoxx 50 at Risk Amid Stimulus Talks

EUR/GBP, EUR/NZD poised to move higher whilst stimulus talks hamper the EU Stoxx 50 Index’s three-month rally.

from DailyFX - Market News https://ift.tt/2C5FjQ7
via IFTTT

Gold Prices Down, Not Out as China Cheerleads Stock Markets

Gold prices edged lower as China talked up stock markets and pushed bond yields higher, but a weaker US Dollar limited the anti-fiat metal’s losses.

from DailyFX - Market News https://ift.tt/2BxdksI
via IFTTT

USD/CAD Rate Outlook Mired by Failed Attempt to Test June High

USD/CAD appears to have reversed course amid the failed attempt to test the June high (1.3801), with the exchange rate carving a series of lower highs and lows in July.

from DailyFX - Market News https://ift.tt/31OKtuE
via IFTTT

NZD/USD Rate Approaches June High while Net-Short Interest Jumps

NZD/USD approaches the June high (0.6585), with the appreciation in the exchange rate fueling a jump in net-short positions according to the IG Sentiment report.

from DailyFX - Market News https://ift.tt/2BwIIHO
via IFTTT

Hang Seng Index Breaks 25,000 as China A50 Tests a Key Resistance

The Hang Seng Index has broken resistance at 25,000 with increased volume, with south-bound flow a big driver. The China A50 stock index is testing major resistance.

from DailyFX - Market News https://ift.tt/3gvziLu
via IFTTT

ASX 200, AUD/JPY Outlook Dictated By COVID-19 Lockdown Measures

The ASX 200 and AUD/JPY at risk of a correction as cases of Covid-19 continue to climb in Australia’s second most populous state, Victoria.

from DailyFX - Market News https://ift.tt/2Z1dD7X
via IFTTT

XAU/USD Outlook Bearish For Q3 on Financial Risks, Covid-19 Pandemic

Gold prices may surrender to the US Dollar if another wave of the coronavirus hammers global growth prospects and destabilizes the fragile corporate debt market.

from DailyFX - Market News https://ift.tt/3gsdEaF
via IFTTT

Australian Dollar Fundamental Forecast for Q3 2020

A shift in the RBA’s forward guidance should heighten the appeal of the Australian Dollar if the central bank prepares to remove the yield target later this year.

from DailyFX - Market News https://ift.tt/2ZHnSgP
via IFTTT

Dow Jones: A True Cross Section of American Industry?

If you ask a financial analyst or expert trader how to get a picture of where the global economy is currently headed, they will likely tell you to consult the Dow Jones Industrial Average. The seco...

from DailyFX - Market News https://ift.tt/2VIAtza
via IFTTT

How AUD & NZD Exchange Rates Are Impacted by China’s Economy

from DailyFX - Market News https://ift.tt/2ZB9WVu
via IFTTT

How China-ASEAN Relations Impact SGD, IDR, MYR, PHP

Learn about the ASEAN-China relationship and how to trade ASEAN currencies like the Singapore Dollar, Indonesian Rupiah, Philippine Peso and Malaysian Ringgit using the Core-Perimeter model.

from DailyFX - Market News https://ift.tt/2VMLAXX
via IFTTT

Sterling (GBP) Remains On Edge as EU/UK Trade Talks Continue

This week’s face-to-face trade talks between the EU and the UK have so far produced little in the way of any news. Sterling’s fate remains in the hands of the two negotiators.

from DailyFX - Market News https://ift.tt/3f0LbIT
via IFTTT

Mexican Peso Outlook at the Mercy of US Economic Trends

Understanding the US-Mexico relationship and how the ebb and flow of economic activity in the former impacts the latter is crucial for trading USD/MXN.

from DailyFX - Market News https://ift.tt/38qdMoz
via IFTTT

How to Trade the Euro, NOK and SEK Using the Core-Perimeter Model

A macro forex trading guide exploring how to trade the Euro vs the Swedish Krona and Norwegian Krone through the prism of the Core-Perimeter model

from DailyFX - Market News https://ift.tt/2C5ZQns
via IFTTT

Euro Forecast: Outlook for EUR/USD Negative Longer Term

The European Council President is expected this coming week to propose a marginally smaller seven-year EU budget but wrangling between EU countries will likely continue, leading to a weaker Euro in...

from DailyFX - Market News https://ift.tt/38u5a0g
via IFTTT

Canadian Dollar Trading: US Economic Growth Takes Center Stage

A macro forex trading guide exploring the US-Canada relationship and how to trade the Canadian Dollar through the prism of the Core-Perimeter model.

from DailyFX - Market News https://ift.tt/3f060nN
via IFTTT

Core-Perimeter Trading Model: US, Eurozone & China

The Core-Perimeter framework allows traders to understand the macro-fundamental interactions between powerhouse economies and their perimeter counterparts, offering valuable insight on how to trade...

from DailyFX - Market News https://ift.tt/3gm3UyE
via IFTTT

Japanese Yen Q3 Fundamental Outlook, Dow Jones and S&P 500 Eyed

The anti-risk Japanese Yen remains glued to the direction of the Dow Jones and S&P 500 benchmarks for Wall Street. What does the road ahead look like for JPY in the third quarter?

from DailyFX - Market News https://ift.tt/3irQIdz
via IFTTT

The New DAX Decade: The Past, Present and Future of the DAX 30

The DAX Index, which tracks the top 30 companies in Germany, is one of the most important and respected indicators of the world's economic health. DailyFX's DAX definitive guide is here to help you...

from DailyFX - Market News https://ift.tt/2ZzRuN4
via IFTTT

Stock Market Third Quarter Forecast: Covid Concerns & Fed Policy to Clash

Equity markets endured significant volatility last quarter even as they staged a remarkable recovery, but many of the same themes behind the initial crash exist heading into the third quarter.

from DailyFX - Market News https://ift.tt/2Bx7MhG
via IFTTT

Dollar as a Safe Haven or Source of Global Instability?

The US Dollar is the traditional safe haven currency – a boon when global risk is shaken by a pandemic. And yet, that role is not inviolable. With a swell in COVID cases in the US, trade sparks rek...

from DailyFX - Market News https://ift.tt/2ZyZ22u
via IFTTT

USD/MXN Continues to Slide Lower as Supportive Moving Averages Break

The Mexican Peso continues to gain in the short-term against the US dollar and the pair now near a cluster of supportive lows.

from DailyFX - Market News https://ift.tt/3ilxJ4t
via IFTTT

British Pound (GBP) Latest: EU/UK Trade Disagreements Continue to Cap Sterling

The latest round of EU/UK trade talks broke up a day early yesterday with both sides noting significant differences on a range of topics, leaving Sterling adrift as we head into the weekend.

from DailyFX - Market News https://ift.tt/3eVlFVv
via IFTTT

EUR/USD, S&P 500 Stock Index May Fall on Fed Balance Sheet Contraction

EUR/USD and the S&P 500 stock market index may fall as the Federal Reserve’s balance sheet contracts for the third consecutive week.

from DailyFX - Market News https://ift.tt/3iohzXX
via IFTTT

Crude Oil Prices Shrug Off US Jobs Data as Topping Signs Remain

Crude oil prices found little lasting impact from better-than-expected US jobs data, with technical positioning warning that a top may be taking shape.

from DailyFX - Market News https://ift.tt/2AvDHyE
via IFTTT

Gold Price Retains Bullish Behavior in July to Mark Fresh 2020 High

Current market conditions may keep the price of gold afloat as bullion trades to a fresh yearly high ($1789) in July.

from DailyFX - Market News https://ift.tt/2NO4adG
via IFTTT

AUD/JPY, EUR/JPY, GBP/JPY Levels to Watch As Risk Appetite Returns

The Japanese Yen may continue its decline as AUD/JPY and EUR/JPY seem poised to move higher. GBP/JPY proving to be the laggard, struggling at key resistance.

from DailyFX - Market News https://ift.tt/3imt3LA
via IFTTT

Hang Seng Index Jumps to 25,000 as Shanghai Composite Breaks 3,000

With surging volume, both Hong Kong’s Hang Seng Index and mainland China’s Shanghai Composite soared more than 2% yesterday, challenging key resistance levels.

from DailyFX - Market News https://ift.tt/3dVDBxZ
via IFTTT

AUD/USD Rate Approaches 2020 High Ahead of RBA Rate Decision

AUD/USD may continue to approach the 2020 high (0.7064) ahead of the RBA rate decision on July 7 as the central bank is widely expected to retain the current policy.

from DailyFX - Market News https://ift.tt/2ZBes6k
via IFTTT

NZD/JPY May Fall as US-China Tensions Escalate Over Hong Kong

NZD/JPY is on the cusp of trend-defining resistance, but US-China tension over Hong Kong could spoil risk appetite and cause the pair to back off from its bold endeavor.

from DailyFX - Market News https://ift.tt/2VHzrTT
via IFTTT

S&P 500 Rallies as Key Insiders Dump Stock, Traders Add Shorts

The S&P 500 index may continue pacing higher as traders shift into an increasingly net-short position, but corporate insider activity flash worrying signals for broader market trends.

from DailyFX - Market News https://ift.tt/2VWRSnZ
via IFTTT

Stock Market Outlook: Dow Eyes China Tension & Dollar-Yuan

The stock market traded resiliently during 2Q-2020, but the Dow Jones hangs in jeopardy as spot USD/CNH consolidates while tension with China escalates ahead of the US presidential election.

from DailyFX - Market News https://ift.tt/2YUknnT
via IFTTT

DAX 30 Forecast: What Stock Will Replace Wirecard on the DAX 30 Index?

The accounting scandal that took down Wirecard has led to an implosion in share price for the tech stock, rendering it subject to removal from the DAX 30. What stock will take its place?

from DailyFX - Market News https://ift.tt/38nl9gz
via IFTTT

Aussie Price Forecast: Can AUD/USD Break the Bull Pennant?

Bulls keep pushing AUD/USD with support from a bullish pennant formation. Can Q3 continue with upside momentum or will bears take the reins?

from DailyFX - Market News https://ift.tt/3dVpyIq
via IFTTT

S&P Rallies to Resistance, Nasdaq 100 Jumps After Strong NFP Report

This morning brought a strong NFP report to the table, helping to invigorate bulls in the Nasdaq as the index has pushed up to another fresh all-time-high.

from DailyFX - Market News https://ift.tt/3dUqY5W
via IFTTT

US Dollar, Gold Price, S&P 500 React to June 2020 Jobs Data

A better-than-expected June 2020 nonfarm payrolls report clashes with disappointing weekly jobless claims data just released. How are key assets like the US Dollar, gold, and stocks reacting?

from DailyFX - Market News https://ift.tt/2YQjSve
via IFTTT

EUR/USD Rally Stalls Ahead of The Latest US Jobs Report

EUR/USD moved above 1.1300 in early trade but has faded lower as the US nonfarm payroll report release nears. A 3000k headline print is expected.

from DailyFX - Market News https://ift.tt/2BZesoN
via IFTTT

US Dollar Price Action Set for Non-Farm Payrolls

Non-Farm Payrolls in focus for US Dollar. Revisions likely to garner attention as data is far from signalling v shaped recovery.

from DailyFX - Market News https://ift.tt/38kd1NG
via IFTTT

British Pound (GBP) Latest: GBP/USD Facing New Test at 1.25

GBP/USD has broken convincingly to the upside from a downward-sloping channel on the daily chart but now faces near-term resistance at the 1.25 level.

from DailyFX - Market News https://ift.tt/2ZsNG06
via IFTTT

DAX 30, EUR/USD Poised to Rise with US Jobs Data in View

EUR/USD may rise alongside Germany's DAX 30 stock market index as the spotlight turns to June's US non-farm payrolls data.

from DailyFX - Market News https://ift.tt/2YSdPpU
via IFTTT

Gold Prices at Risk if US Jobs Data Cools Fed Stimulus Prospects

Gold prices may extend lower after recoiling from the $1800/oz figure if June’s US jobs report bolsters the sense that the Fed is in no hurry to boost stimulus.

from DailyFX - Market News https://ift.tt/3eT4Yd5
via IFTTT

EUR/USD RSI Retains Bullish Trend Ahead of US Employment Report

A bull flag formation remains on the radar for EUR/USD as the Relative Strength Index (RSI) continues to track the bullish trend from earlier this year.

from DailyFX - Market News https://ift.tt/3dMTYwt
via IFTTT

Core-Perimeter Trading Model: US, Eurozone & China

The Core-Perimeter framework allows traders to understand the macro-fundamental interactions between powerhouse economies and their perimeter counterparts, offering valuable insight on how to trade...

from DailyFX - Market News https://ift.tt/3ggDhLG
via IFTTT

AUD/NZD May Turn Lower as Dairy Prices Boost NZ Dollar

AUD/NZD has carved out a bearish Head and Shoulder chart pattern at key resistance as a surge in global dairy prices fuels the agriculture-driven New Zealand Dollar.

from DailyFX - Market News https://ift.tt/3eT3gsn
via IFTTT

S&P 500 Climbs on Strong ISM PMI, China A50 Soars after PBoC Rate Cuts

The S&P 500 index climbed for a third straight day but may struggle to gain momentum ahead of non-farm payrolls data and a market holiday. China A50 index soared after rate cuts.

from DailyFX - Market News https://ift.tt/3eTFwnP
via IFTTT

USD/CAD Rate Reversal from March Low Keeps June High on Radar

The reversal from the March low (1.3315) may continue to evolve as USD/CAD trades within an ascending channel, with the June high (1.3801) still on the radar.

from DailyFX - Market News https://ift.tt/2BTYufF
via IFTTT

NZD/JPY May Clear Resistance Despite Hong Kong Geopolitical Tension

The New Zealand Dollar may extend its rise versus the Japanese Yen, though concern about the political blowback of the Hong Kong national security bill could sour risk appetite.

from DailyFX - Market News https://ift.tt/2VCAZi4
via IFTTT

New Zealand Dollar Forecast: NZD/USD, NZD/JPY, NZD/CAD

The New Zealand Dollar has slipped into a directionless slumber amid the summer months across many pairs, consolidating after the tumult of the covid crash. Here are the levels to watch.

from DailyFX - Market News https://ift.tt/3dQ7xeE
via IFTTT

NFP: Nonfarm Payrolls Drives the US Dollar & Forex Volatility

Several fundamental forces can impact the US Dollar, but the monthly release of nonfarm payrolls in particular is a frequent driver of USD price action that tends to spark above-average forex volat...

from DailyFX - Market News https://ift.tt/2Bm5K42
via IFTTT

Gold Price Outlook: Gold Breakout to Fresh Highs Begins Pull Back

Gold prices have set yet another fresh high despite the long-term overbought readings. Tomorrow's NFP report can be huge to directional drives.

from DailyFX - Market News https://ift.tt/2VDJTf4
via IFTTT

Euro Price Outlook: EUR/USD Jumps from Key Chart Support

As the door open into Q3, EUR/USD has grasped on to a very key area of long-term chart support. Can bulls take control in Q3?

from DailyFX - Market News https://ift.tt/3eQJkGx
via IFTTT

US Dollar Forecast: Rebound Losing Steam Ahead of June NFP

The US Dollar (via the DXY Index) has seen topside price action falter in recent days.

from DailyFX - Market News https://ift.tt/2BrWISY
via IFTTT

Stock Market Outlook: Dow Eyes China Tension & Dollar-Yuan

The stock market traded resiliently during 2Q-2020, but the Dow Jones hangs in jeopardy as spot USD/CNH consolidates while tension with China escalates ahead of the US presidential election.

from DailyFX - Market News https://ift.tt/31x8KVE
via IFTTT

USD/CAD Struggles as Multi-Month Trend Resistance Holds Firm

USD/CAD is pushing lower as trend resistance off the March peak continues to dominate price action. The 200-dma may well define the next short-term move.

from DailyFX - Market News https://ift.tt/3dPEBDx
via IFTTT

Crude Oil Prices May Fall as FOMC Minutes Help Form Double Top

Crude oil prices may turn lower if June’s FOMC meeting minutes deflate hopes for near-term stimulus expansion, helping to validate a bearish double top chart pattern.

from DailyFX - Market News https://ift.tt/38jtQbK
via IFTTT

Silver Prices on Course for Bullish Breakout: Silver to Outperform Gold

Central bank stimulus keeps Silver on course for bullish trajectory. However, COVID case rise poses risks.

from DailyFX - Market News https://ift.tt/3dSoyVw
via IFTTT

British Pound (GBP) Latest: GBP/USD Facing Resistance, FTSE Flat

GBP/USD is faltering at resistance from a downward sloping chart trendline as the markets weigh up improving economic data against surging coronavirus infections in the US.

from DailyFX - Market News https://ift.tt/3eQdGbY
via IFTTT

British Pound Forecast: GBP/USD, GBP/JPY to Face Brexit Deadline

GBP/USD, GBP/JPY could come under intense selling pressure as weakening fundamentals and Brexit fears weigh on the Pound Sterling.

from DailyFX - Market News https://ift.tt/3eO4m8P
via IFTTT

Gold Price Levels to Watch Ahead of US Non-Farm Payrolls (NFP) Report

Gold trades to a fresh yearly high ($1786) ahead of the US Non-Farm Payrolls (NFP) report, and the bullish behavior may persist as the RSI approaches overbought territory.

from DailyFX - Market News https://ift.tt/2BVWDXo
via IFTTT

How to Trade the Euro, NOK and SEK Using the Core-Perimeter Model

A macro forex trading guide exploring how to trade the Euro vs the Swedish Krona and Norwegian Krone through the prism of the Core-Perimeter model

from DailyFX - Market News https://ift.tt/3eOXyYs
via IFTTT

Copper, Silver Driven By US Dollar. Risk Aversion May Fuel Selling

Copper and silver price moves continue to be dictated by the safe-haven US Dollar. Could a surge of risk aversion fuel a collapse in metal prices?

from DailyFX - Market News https://ift.tt/2NFpdiC
via IFTTT

Asia Markets to Open Flat Despite US Rally on Hong Kong Security Law

Asia-Pacific equities may struggle for momentum despite a strong lead from Wall Street amid fears that the approval of a new Hong Kong security law may stoke US-China tensions.

from DailyFX - Market News https://ift.tt/2Zs6j3Z
via IFTTT

Australian Dollar Resilience Undermined by Break of Bullish RSI Trend

It remains to be seen if the resilience in AUD/USD will carry into July as the Relative Strength Index (RSI) snaps the bullish trend from earlier this year.

from DailyFX - Market News https://ift.tt/3imbwDs
via IFTTT

AUD/JPY May Rise But Hong Kong Geopolitical Risk May Curb Gains

The Australian Dollar may rise versus the anti-risk Japanese Yen after a rosy session during Wall Street trade, but geopolitical complications in Hong Kong could curb AUD/JPY’s gains.

from DailyFX - Market News https://ift.tt/3eOmRda
via IFTTT

Nasdaq 100 Forecast: Stocks Post Stellar Quarterly Gains Led by Tech

Markets finished up the second quarter on Tuesday, finalizing a remarkable few months which saw risk assets recover from the coronavirus crash at a blistering pace. Few were more jubilant than the ...

from DailyFX - Market News https://ift.tt/2NHoahU
via IFTTT

Stock Market Outlook: Dow Eyes China Tension & Dollar-Yuan

The stock market traded resiliently during 2Q-2020, but the Dow Jones hangs in jeopardy as spot USD/CNH consolidates while tension with China escalates ahead of the US presidential election.

from DailyFX - Market News https://ift.tt/2Ag57rY
via IFTTT