Crude Oil Price Outlook Eyes OPEC Output Restart, US and China Demand

Crude oil prices may be torn between rising demand from the US and China as OPEC+ begins restoring output. Will the non-farm payrolls report give more life to WTI and Brent?

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Australian Dollar Outlook Hinges on Covid-19 Cases Ahead of RBA Rate Decision

The Australian Dollar looks set to extend gains against its major counterparts ahead of the RBA interest rate decision

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GBP/USD, AUD/JPY & More – Charts For Next Week

Cable is becoming extended into a resistance zone, while AUD/JPY chart has an appealing sequence and levels in play.

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FTSE 100 Pushing Down on Support as GBP/USD Strength Weighs

The FTSE 100 continues to probe the lower end of its short-term trading range with the recent rally in GBP/USD weighing on UK exporters.

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Euro Latest: Eurozone Posts Record GDP Contraction, EUR/USD Unfazed

Eurozone GDP posts record contraction. EUR/USD remains firm as strong momentum pushes higher.

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Crude Oil Prices May Rebound But Chart Setup Warns of Topping

Crude oil prices may rebound amid a near-term recovery in risk appetite but technical positioning warns that a broader bearish reversal may be underway.

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British Pound (GBP) Latest: GBP/USD Soars on Dollar Woes, COVID-19 Cases Spike

US dollar weakness continues unabated, helping GBP/USD make a fresh 4-month high. A fresh spike in UK COVID-19 cases should not be ignored.

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EU Stoxx 50 Index Poised To Extend Declines Ahead of Eurozone GDP Data

The EU Stoxx 50 index may extend declines on disappointing European GDP data after snapping key chart support.

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EUR/USD Rate Forecast: Extreme RSI Reading in Focus Going Into August

The extreme reading in the Relative Strength Index (RSI) warns of a further appreciation in EUR/USD like the behavior seen in June.

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Nasdaq 100 Soars on FAANG Earnings, ASX 200 and Nikkei 225 May Follow

Nasdaq 100 futures soared after Facebook, Apple, Amazon and Google smashed earnings expectations. This has opened the door for gains in the ASX 200 and Nikkei 225 ahead.

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Australian Dollar Eyes Chinese Manufacturing Data After FAANG Earnings

The Australian Dollar may extend its rise if Chinese PMI data – after FAANG earnings – boosts the growth-sensitive currency. Having said that, AUD/USD continues to wobble at key resistance.

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Crude Oil Outlook: OPEC+ Curbs Supply Cut as GDP Growth Curtails

The monumental recovery in crude oil prices has started to stall with OPEC+ gearing up to increase production as global GDP growth rebounds, but the risk of abating demand looms.

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S&P 500 Forecast: Stellar Tech Earnings Could Supercharge Risk Appetite

Investors will have a lot of information to digest to close the week after Amazon, Apple, Google and Facebook reported remarkable results after the Thursday close. How will they impact the S&P 500?

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Canadian Dollar Price Forecast: USD/CAD Pops Even as USD Drops

USD weakness has been pervasive in most major FX pairs, with this morning showing a notable exception in USD/CAD. Is the pair nearing reversal?

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Nasdaq 100, Dow Jones Forecast: Stocks Survive Fed, How About Earnings?

Stocks ticked modestly higher after Wednesday’s FOMC meeting, but volatility may yet arrive with earnings from some of the largest tech members due Thursday. Here are the levels to watch.

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EUR/JPY Latest: Potent Euro Taking a Breath

Euro strength dissipating short-term, but how long will this last with Eurozone economic announcements on the horizon?

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EUR/GBP Outlook: EURGBP Declines after Disappointing German GDP Data

The high flying Euro weakened today after the German economy recorded the sharpest decline ever recorded. EURGBP moving towards trendline support.

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US Dollar Relief Bounce Fades After 2Q GDP Collapse Reported

The US Dollar is trying to stage a relief bounce headed into month-end, but USD price action has started to drift back lower following a historic collapse in GDP growth just reported for 2Q-2020.

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Gold Prices May Struggle as the Fed Moves to Wait-and-See Mode

Gold prices may struggle as the Federal Reserve signals it has moved to wait-and-see mode, opening the door to profit-taking after a blistering advance.

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US Dollar Faces Major Level After FOMC, Time for a Reversal?

FOMC meeting in line with expectations, emphasises pace of recovery for policy decision. US Dollar faces major level.

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German Quarterly GDP Falls at The Fastest Rate in 50 Years, EUR/USD Little Changed

The German economy contracted by just over 10% in the second quarter according to preliminary data released this morning, missing already pessimistic forecasts.

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British Pound (GBP) Latest: GBP/USD Struggling to Break Above 1.30

GBP/USD looks to be consolidating after its recent gains, with resistance at 1.30 holding it back ahead of a potential break above that level towards the March high at 1.32.

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Russell 2000, US Stocks May Rise Despite Dismal Q2 GDP Data

The Russell 2000 small-cap stock index looks poised to rise despite US GDP expected to contract the most since 1947, as the FOMC maintains dovish forward guidance policy.

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USD/CAD Rates to Watch with US GDP Report on Tap

USD/CAD tags a fresh monthly low (1.3330) ahead of the update to the US GDP report, with the March/June low (1.3315) on the radar.

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EUR/USD, AUD/USD, GBP/USD Analysis. US Dollar At a Turning Point?

The US Dollar may be at a turning point versus the Euro, Australian Dollar and British Pound following the FOMC rate decision and outlook by Fed Chairman Jerome Powell.

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Nikkei 225 Fluctuates With ASX 200 after Fed Sends Dovish Messages

Japan’s Nikkei 225 and Australia’s ASX 200 stock indices rose modestly after the FOMC meeting signaled more stimulus is ahead during the Wall Street session.

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Japanese Yen Time Cycle: Implications for AUD/JPY and EUR/JPY Rates

The Japanese Yen may fall against its major counterparts as it enters the second-half of an 8-year cycle. AUD/JPY, EUR/JPY rates eye push to fresh yearly highs.

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AUD/USD Outlook: 2019 High on Radar as RSI Pushes Into Overbought Zone

AUD/USD appears to be on track to test the 2019 high (0.7295) as the Relative Strength Index (RSI) climbs into overbought territory for the fourth time this year.

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NZD/JPY Outlook Bullish After FOMC Rate Decision, Powell Briefing

The New Zealand Dollar may rise after the FOMC rate decision and Fed Chairman Jerome Powell’s press briefing lifted market spirit and put a premium on risk-oriented assets.

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Nasdaq 100, Dow Jones Forecast: Stocks Survive Fed, How About Earnings?

Stocks ticked modestly higher after Wednesday’s FOMC meeting, but volatility may yet arrive with earnings from some of the largest tech members due Thursday. Here are the levels to watch.

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US Dollar Weakness to Linger as Fed Extends USD Swap Lines

USD price action has weathered a volatile trading session in the midst of a monetary policy update from the Federal Reserve, and US Dollar weakness may endure as the Fed extends FX swap lines.

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Dow Jones Index: FOMC Leaves Gains Intact

The Federal Reserve's FOMC policy statement announced no major changes this afternoon, with the Dow Jones Index remaining in positive territory following the interest rate decision.

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Gold Price Forecast: XAU All-Time-Highs, More to Go?

It's been a bullish past couple of years for Gold and on Monday, that theme took on a new tone as Gold prices punched up to a fresh all-time-high.

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Shapes of the Recovery: The Recession Alphabet - V, U, W, J, & L

As US GDP figures come into focus around the coronavirus pandemic, the financial world has been talking about a few more acronyms and abbreviations you might not know about.

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Fed Meeting Preview: Gold, Dow, US Dollar Outlook as FOMC Looms

Gold, the Dow Jones and US Dollar tend to experience heightened volatility around Fed meetings, which brings these markets into focus headed into Wednesday’s FOMC decision.

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EUR/CHF Price Analysis: EUR/CHF Remains Faithful to Fibonacci

The past two months has seen the EUR/CHF trading in a range between key Fibonacci levels

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US Recession Watch, July 2020 - Shapes of the Recovery: J-Curve

The Q2’20 US GDP report will likely produce the worst quarter of growth data in US economic history. But markets are forward looking, right?

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Bitcoin Forecast: BTC Price Breaking Out as US Dollar Crumbles

Bitcoin price action has rocketed 20% higher over the last week on the back of a topside breakout. As the US Dollar implodes, BTC has surged alongside anti-fiat precious metals like gold and silver.

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Mexican Peso Latest: USD/MXN at Risk as FOMC and Mexican Q2 GDP Releases Near

The Mexican Peso continues to gain against a weak US dollar ahead of the latest Fed policy meeting. Thursday’s Mexican Q2 GDP release may well decide the near-term future for USD/MXN.

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Japanese Yen Forecast: USD/JPY Biased Lower as Rallies are Capped

Japanese Yen anchored at 105.00 ahead of FOMC. Rallies in USD/JPY likely to meet resistance.

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Crude Oil Prices May Fall if the Fed Dithers on Stimulus Boost

Crude oil prices may fall if the Fed FOMC committee dithers on signaling a further stimulus boost, souring sentiment market-wide. Gold prices may likewise weaken.

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EUR/USD Price Eyes September 2018 High, FOMC and Eurozone Q2 GDP on The Horizon

The ongoing US dollar weakness, coupled with the EU recovery fund agreement, continues to push EUR/USD back to highs seen nearly two years ago, however major risk events near.

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Hang Seng Unmoved as Hong Kong Recession Eases

Hong Kong Recession Eases, However, Challenges Remain as US-China Tensions Escalate.

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British Pound (GBP) Latest: GBP/USD Taking Aim at 1.30 Level

GBP/USD looks to be heading up to the 1.30 level and perhaps even the March highs once Wednesday’s Fed decision is out of the way.

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US Dollar Outlook: Long-Term USD Trends in Focus Ahead of FOMC

The US Dollar could be poised for further losses after breaking through 6-year trend support, as focus turns to the FOMC interest rate decision.

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Hang Seng Index Rebounds, Silver Consolidates. Crude Oil May Fall

Hong Kong’s benchmark stock index, the Hang Seng, climbed alongside the mainland A-shares, led by brokerage firms. Silver, gold and crude oil entered consolidation.

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EUR/USD Rate Eyes September 2018 High as RSI Sits in Overbought Zone

Current market conditions may keep EUR/USD afloat as the Relative Strength Index (RSI) sits in overbought territory.

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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.

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AUD/USD Rate Unfazed by Australia CPI with Fed Rate Decision on Tap

The Australian Dollar seemed relatively unfazed by local inflation data as traders look ahead to the upcoming FOMC interest rate decision.

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NZD/USD Technical Analysis Outlook Warns of RSI Divergence

NZD/USD tags a fresh monthly high (0.6703) going into the end of July, but the RSI appears to be deviating with price as it struggles to push into overbought territory.

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Fed Meeting Preview: Gold, Dow, US Dollar Outlook as FOMC Looms

Gold, the Dow Jones and US Dollar tend to experience heightened volatility around Fed meetings, which brings these markets into focus headed into Wednesday’s FOMC decision.

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AUD May Extend Rally on CPI Data Despite Regional Political Risks

The Australian Dollar may stretch out its gains if local CPI data points to improved inflationary trends despite mounting regional geopolitical concerns.

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Canadian Dollar Forecast: USD/CAD Threatens Breakdown Ahead of Fed

Months of Dollar weakness has seen USD/CAD falter, moving within reach of longstanding support that has helped keep the pair afloat. With FOMC ahead, USD/CAD runs the risk of further losses.

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Bitcoin Forecast: BTC Price Breaking Out as US Dollar Crumbles

Bitcoin price action has rocketed 20% higher over the last week on the back of a topside breakout. As the US Dollar implodes, BTC has surged alongside anti-fiat precious metals like gold and silver.

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USD/JPY Price Forecast: USDJPY Dropping Towards Key Level of Support

The US Dollar has experienced a significant sell-off amidst a focus on declining real yields in major economies while the Yen shines vs G10 currencies

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Nasdaq, S&P Outlook: FOMC Correction Potential as Hope Drives the Bid

In four months US equities markets have went from aggressively bearish to aggressively bullish, even as a global pandemic rages on. What will Powell have to say for tomorrow?

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FTSE 100 Price Analysis: FTSE 100 Flirts with Key Fibonacci Levels

The past four months have seen a really strong move in the FTSE, and the index continues to flirt with fresh highs, held back by Fibonacci resistance

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DAX 30 & CAC 40 Forecasts for the Week Ahead

The DAX 30 and CAC 40 have bled lower in the last week as both indices struggle to reclaim recent highs. Even as EUR/USD breaks out, price action for European equities has remained measured.

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US Dollar Paces Big Drop for July as Consumer Confidence Wanes

The US Dollar has spiked sharply lower with the DXY Index, a basket of major FX pairs, down nearly 4% month-to-date. Meanwhile, consumer confidence is deteriorating as COVID-19 persists.

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Euro Forecast: Exhaustion Arrives as Rallies Reach Resistance - Key Levels for EUR/JPY & EUR/USD

The Euro has been the best performing major currency in recent weeks, but ahead of the July Fed meeting, it appears that several EUR-crosses may be ready to take a breather.

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Market Sentiment: Gold, Silver, Platinum, Copper, USD Outlook | Webinar

Trader confidence remains high in gold, silver and other metals despite some profit-taking, but low in USD, suggesting the recent strong advances in XAU/USD and XAG/USD could resume soon.

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GBP/USD, Silver Charts and More

Cable broke out yesterday to best levels since March while silver is showing signs of exhaustion.

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S&P 500, Dow Jones Forecast: Risk-Taking Cut Back Ahead of FOMC

Silver volatility signals reduction in speculative positions. S&P 500 eyes support, Dow Jones forming interim top.

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Gold Soars to a Record High Before a Sharp Correction Lower Fires a Warning Shot

Gold hit a fresh all-time high around $1,981/oz. earlier in the Asian session before sellers took control of the market and sent the precious metal spinning lower.

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British Pound (GBP) Latest: GBP/USD Set to Consolidate After Recent Gains

GBP/USD is looking toppish after the gains that have taken it sharply higher this month in tandem with a weak US Dollar.

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Gold Price Surge May Fizzle if the Fed Holds Back Stimulus Boost

Gold prices have raced upward to a new record high as the US Dollar sinks amid speculation about a Fed stimulus boost. They may slump back if the central bank disappoints.

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S&P 500 Index Dictated By Coronavirus Relief Bill Talks, FOMC Rate Decision

The S&P 500 stock index may fall ahead of the Federal Reserve interest rate decision on July 29 as coronavirus relief bill talks stall in the Senate.

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USD/CAD Rate Eyes March Low Ahead of FOMC Rate Decision

USD/CAD appears to be on track to test the June low (1.3315) as it trades to a fresh monthly low (1.3425) ahead of the Federal Reserve interest rate decision on July 29.

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New Zealand Dollar Outlook: NZD/JPY, NZD/CAD, NZD/CHF Levels to Watch

The New Zealand Dollar may fall as the NZD/JPY and NZD/CAD exchange rates struggle to breach pivotal resistance.

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Bitcoin, Ethereum Outlook Bullish as US Dollar Demand Fades

Bitcoin and Ethereum may extend their rally in the week ahead if US Dollar weakness persists in tandem with swelling demand for higher-beta assets.

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ASX 200 Attempts 6100 as Mining Stocks Rise, Nikkei 225 Edging Higher

Australia’s ASX 200 stock index is set to climb on Tuesday after an upbeat US session. Higher gold prices boosted mining sector. Japan’s Nikkei 225 stock index may rise.

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AUD/USD Outlook: RSI Flirts with Overbought Zone Ahead of Australia CPI

The Relative Strength Index (RSI) may offer a bullish signal for AUD/USD as the indicator flirts with overbought territory.

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S&P 500 Outlook: VIX in Focus Amid Earnings, Stimulus Talks

Stocks appear ripe for volatility this week with earnings season swinging into full gear and politicians debating the latest coronavirus stimulus package, which brings the S&P 500 VIX ‘fear-gauge’ ...

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USD Weakness May Persist Despite Rising US-China Geopolitical Tension

The US Dollar may continue to slide against its G10 peers despite increasingly hostile geopolitical tensions between the United States and China.

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King Dollar Dethroned as EUR/USD Surges, DXY Hits 2-Year Low

The Greenback looks keen on surrendering its 'King Dollar' title as the DXY Index plunges to its lowest level in over two years while EUR/USD skyrockets. Have US Dollar bears taken control?

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Mexican Peso Price Forecast: USD/MXN Drives Monthly Low, USD Smashed

As the US Dollar gets smashed to two-year-lows, USD/MXN crawls down to it's own monthly low. But with FOMC on deck, volatility may be around-the-corner.

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Euro Forecast: EUR/USD Testing Multi-Year Symmetrical Triangle

EUR/USD is testing resistance of a multi-year symmetrical triangle. Will economic data, risk sentiment and a global pandemic provide the breakout catalyst?

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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.

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Markets Week Ahead: Gold Prices, Dow Jones, US Dollar, FANG, Recessions

Gold prices and the Euro soared as the US Dollar sank. Are the S&P 500, Dow Jones and Nasdaq Composite vulnerable after lackluster tech earnings? The United States is poised to enter a technical re...

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GBP/USD, EUR/GBP and GBP/NZD Outlooks - UK Webinar

Sterling is pushing higher against a weak US dollar and is consolidating recent losses against a range of other currencies including EUR/GBP and GBP/NZD.

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US Dollar Selling Dominates, EUR/USD Longs Extend Further - COT Report

US Dollar selling the dominant theme across the FX space as real yields plummet. Euro Bulls Boosted.

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British Pound (GBP) Latest: GBP/USD Hits a 4-Month High as the US Dollar Slumps Further

Sterling opens the week little changed against a basket of other currencies but trades at a fresh four-month high against a feeble US dollar.

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IBEX 35, CAC 40 Stock Indexes May Fall as Covid-19 Fears Heat Up

Spain’s IBEX 35 stock index may extend declines after breaking its 4-month uptrend. France’s CAC 40 equities benchmark is perched at a pivotal support as RSI flops into bearish territory.

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Crude Oil Prices May Rise with Stocks, Gold Hits Record High

Crude oil prices may rise with stocks as risk appetite firms across financial markets. Gold prices have jumped to a record high ahead of the FOMC policy announcement.

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Gold Price Trades to Fresh Record High Amid Extreme RSI Reading

Gold trades to a fresh record high ($1945), with the RSI pushing deeper into overbought territory ahead of the Federal Reserve rate decision on July 29.

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EUR/USD Rate Trades to Fresh 2020 High Ahead of Fed Rate Decision

Current market conditions may keep EUR/USD afloat ahead of the Federal Reserve rate decision as the Relative Strength Index (RSI) sits in overbought territory.

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USD, SGD, IDR, MYR, PHP Brace for Tech Earnings, Eyeing Nasdaq 100

Volatility risk may offer the US Dollar support against ASEAN currencies as the Nasdaq Composite nervously eyes key tech earnings, the outcome of extra fiscal support and China PMI data.

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AUD Outlook: AUD/JPY Poised to Fall on Covid-19 Concerns, China Tensions

The Australian Dollar could come under pressure in the coming week as local cases of Covid-19 continue to climb and tensions with China notably escalate.

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Dow Tests 26,400 Support as Sentiment Sours, Gold Breaks above $1,900

The Dow Jones fell to 26,400 support on virus and geopolitical headwinds. Gold surged above 1,900 to a nine-year high. Fed meeting, US GDP, earnings in focus.

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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.

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Markets Week Ahead: Gold Prices, Dow Jones, US Dollar, FANG, Recessions

Gold prices and the Euro soared as the US Dollar sank. Are the S&P 500, Dow Jones and Nasdaq Composite vulnerable after lackluster tech earnings? The United States is poised to enter a technical re...

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US Dollar Ripe for Reversal: GDP, Fed, Earnings Raise Volatility Risk

The US Dollar may bottom out in a jam-packed week of event risk that could rekindle market volatility. All eyes are on the Fed, US GDP, the earnings season and more fiscal stimulus.

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Crude Oil Outlook: OPEC+ Curbs Supply Cut as GDP Growth Recovers

The monumental recovery in crude oil prices has started to stall with OPEC+ gearing up to increase production as global GDP growth rebounds, but the risk of abating demand looms.

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British Pound Forecast: GBP/USD May Fall Amid Renewed 'No Deal' Brexit Fears

The fundamental outlook for the British Pound looks relatively bleak amid renewed ‘no deal’ Brexit concerns and escalating UK-China tensions.

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USD/JPY Weekly Outlook - Testing Multi-Month Lows as the US Dollar Slides

The Japanese Yen is ending the week on a very positive note against the US dollar, and trades below USD/JPY 106 in holiday-thinned conditions.

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Nasdaq May Fall as Valuation Stretched Close To "Bubble" Level

The Nasdaq stock index may face a meaningful pullback in the weeks to come as investors eye profit-taking after a historic 41% rally in the three month through June 2020.

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Euro Forecast: Outlook for EUR/USD Still Positive But Beware Profit-Taking

Having broken above the 1.15 level, EUR/USD is well placed to challenge the 1.1621 high reached in October 2018. However, a pullback is possible first after the pair’s recent strong gains.

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Gold Price Outlook Bullish on FOMC Rate Decision & US Relief Bill

Gold prices may extend their rally if the FOMC rate decision and outlook reinforces the narrative of economic stabilization in tandem with progress on another coronavirus relief bill.

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EUR/USD Extends Rally & USD/JPY Plunges on Markit PMIs

Monthly flash PMIs just released by IHS Markit fuels further US Dollar selling pressure against major FX peers like the Euro and Japanese Yen as economic growth and sovereign yield spreads diverge.

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

The Euro is very near a long-term form of trend resistance, while the DXY is trading around support; could see a snapback in trends in next week.

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Crude Oil Edging Higher as Support Holds but Resistance Now Coming Into Play

Brent crude continues to nudge higher and looks set for another attempt to fill the early-March gap. The short-dated moving average is providing support but the longer-dated ma is likely to present...

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EUR/USD Strength Underpinned by Positive Eurozone PMI Sentiment Readings

The forward looking Eurozone PMIs show a robust pick-up in business activity across the block with services sector leading the way.

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British Pound Latest (GBP) - GBP/USD Choppy, Focus on June Top

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

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US Dollar Index Poised to Climb Higher on Escalating US-China Tensions

The US Dollar index seems poised to climb on escalating US-China tensions after Beijing asks for the closure of the US consulate in Chengdu.

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Nikkei 225 May Drop on US Jobless Claims, Hang Seng Enters Consolidation

The Nikkei 225 stock index may open lower after the holiday as initial US jobless claims data disappointed. The Hang Seng Index and FTSE China A50 may also face a technical pullback.

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Gold Rally Eyes Record High Price as RSI Pushes Into Overbought Zone

The price of gold appears to be on track to test the record high set in September 2011 ($1921) as the RSI pushes above 70 for the third time in 2020.

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AUD May Erase Gains Amid US-China Tension After Tech Stocks Cratered

The Australian Dollar may retrace some of its recent gains as US-China tensions heat up following a gloomy session in Wall Street trade amid a decline in technology stocks.

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S&P 500 Slips, Nasdaq Tumbles as Stocks Wince at Jobless Claims

Stocks traded lower on Thursday, earmarked by a 2.7% drop in the Nasdaq and 1.2% decline in the S&P 500 measured by e-mini futures prices, as investors react to rising jobless claims data.

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Central Bank Watch: BOC on Hold; RBA's Yield Curve Control; RBNZ's Negative Interest Rates

As their economies have handled the coronavirus pandemic well thus far, the trio of central banks associated with the Australian, Canadian, and New Zealand Dollars are in a holding pattern.

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Canadian Dollar Price Outlook: USD/CAD Breaks the Range

After building into a range that held for more than a month, USD/CAD bears were on the prowl this week.

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USD Price Outlook: US Dollar Nosedives Ahead of Markit PMI Data

Another push lower by USD bears has blown past critical technical support levels, sending the broader US Dollar into negative territory year-to-date, and leaving the ‘King Dollar’ title in jeopardy...

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EUR/JPY Price Outlook: EURJPY Nearing 2020 High, RSI Overbought

EUR/JPY trades near the 2020 high as the pair looks to test 124.45 resistance. RSI is currently overbought and may produce headwinds for further bullish momentum

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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...

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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.

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AUD/USD Price Forecast: Indecision Weighs in on Market Participants

Aussie bulls may run out of gas as price approaches new level of resistance. How will Q3 play out for AUD/USD?

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USD/CAD Sell-Off Continues, Focus Now on Multi-Month Low

The Canadian dollar continues to outperform its US counterpart, pushing USD/CAD down to levels last seen in March this year. This trend remains intact but warning lights are flashing.

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US Dollar, Gold, Silver Price Analysis: Cross Asset Correlation

Cross-Asset Correlations elevated as liquidity remains rife. Prevailing trends to persist as volatility drifts lower.

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British Pound (GBP) Outlook: Further Gains Likely for GBP/USD

GBP/USD continues to trend higher, largely on the persistent weakness of the US Dollar, with few signs yet of a pullback after the pair’s recent gains.

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Gold Prices Eye Record High, Rising with Stocks as the Dollar Falls

Gold prices look poised to challenge the record high above the $1900/oz figure. The metal is up alongside stocks while the haven US Dollar sinks.

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DAX 30 Stock Index Stalling at Yearly Open as German Bunds Test Key Resistance

The DAX 30 stock market index could be at risk of a short-term pullback as Germany’s 10-Year Bunds attempt to break through a pivotal inflection point.

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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.

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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.

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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.

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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.

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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...

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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.

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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.

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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?

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

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

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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...

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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

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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.

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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.

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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?

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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

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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.

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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.

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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

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

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

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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?

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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.

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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.

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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.

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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.

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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.

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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...

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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...

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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.

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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.

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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.

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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.

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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.

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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.

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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.”

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Hang Seng Index Finds Support at 25,000 as China A-Shares Rebound

The Hang Seng Index has found support at 25,000 after a volatile week, though virus threats pose risks ahead. FTSE China A50 index consolidates above 15,000.

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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.

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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.

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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...

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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Australian Dollar Forecast: Key AUD/USD Levels to Watch

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

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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.

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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.

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

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

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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.

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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%.

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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.

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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.

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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.

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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.

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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.

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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.

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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?

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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.”

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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?

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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

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

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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.

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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?

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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...

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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.

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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.

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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?

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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).

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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.

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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...

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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.

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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.

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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.

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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.

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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?

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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?

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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 ...

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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 ...

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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?

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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.

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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.

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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.

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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.

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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.

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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.

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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...

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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?

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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.

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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?

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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.

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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.

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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...

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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.

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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.

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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.

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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

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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.

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

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

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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.

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

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NZD/USD Eyes Yearly High, AUD/NZD Reversal Pattern May MArk Top

The New Zealand Dollar is aiming higher, with NZD/USD eyeing fresh yearly highs while AUD/NZD may be carving out a bearish Head and Shoulders chart pattern.

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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.

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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.

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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.

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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?

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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?

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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?

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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?

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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.

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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.

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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.

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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.

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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.

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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.

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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’.

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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.

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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.

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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.

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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.

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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.

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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.

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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?

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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.

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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.

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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?

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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.

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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.

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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.

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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.

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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

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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.

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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?

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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.

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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.”

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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.

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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.

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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.

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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.

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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?

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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?

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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?

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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

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