EURUSD Opening Month Range Foreshadows Larger Rebound Going Into NFP

The monthly opening range for EUR/USD foreshadows a larger rebound in the exchange rate as it carves a series of higher highs and lows ahead of the US NFP report.

from DailyFX - Market News https://ift.tt/31WG3yI
via IFTTT

Australian Dollar to Reverse as Markets Double Down on Fed Cut

The Australian and New Zealand Dollars capitalized on US Dollar weakness as markets doubled down on a Fed rate cut this month. AUD/USD may reverse on technical signals, but the sentiment outlook is...

from DailyFX - Market News https://ift.tt/2V7YfmG
via IFTTT

US Dollar Price Volatility Report: NFP Jobs Report & Fed Eyed

The US Dollar turns to Friday's high-impact nonfarm payrolls (NFP) jobs data to cap off this week's barrage of economic indicators that have sent Fed rate cut bets surging.

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

DAX 30 Price Forecast: The Index Can Ill Afford a US-EU Trade War

The DAX 30 has faltered alongside the Dow Jones as weak manufacturing and newly-imposed tariffs highlight the dismal outlook for both economies. Will the ECB’s easing be enough for the DAX?

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

Canadian Dollar Price Outlook: USD/CAD Approaching Range Extremes

USD/CAD is testing the upper bounds of a multi-week range in price heading into US Non-Farm Payrolls. Here are the levels that matter on the USD/CAD weekly chart.

from DailyFX - Market News https://ift.tt/2OnVWu6
via IFTTT

How Gold, Oil, Stocks & USD Perform During FOMC Rate Cut Cycles

Fed Chair Powell and the FOMC have already lowered US interest rates twice this year and the central bank is likely to cut again. How have assets historically performed during rate cut cycles?

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

ISM Services PMI Miss Adds to Market Turmoil, Recession Risk

The Institute for Supply Management’s Non-Manufacturing Index declined further in September with a reading of 52.6 vs expectations of 55.0. The disappointing figure echoes this week’s poor data.

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

Gold Prices Bounce as USD Retreats, Can GLD Bulls Hold the Line?

Gold prices have put in a vigorous bounce so far in Q4, but is that bigger picture bullish trend ready to continue? Or is this a bull trap scenario?

from DailyFX - Market News https://ift.tt/2Ora9XB
via IFTTT

Rate Cut Odds Jump for ECB, RBA, and RBNZ Drop as Global Growth Concerns Heat Up - Central Bank Watch

Fears of an oncoming global recession have provoked sharp swings in G10 currencies’ central banks’ interest rate expectations in recent days.

from DailyFX - Market News https://ift.tt/2M8n1yV
via IFTTT

USD/CAD Reversal, GBP/USD Rises, US Dollar Eyes ISM Data - US Market Open

Sterling outperforms in the G10 complex, headline risk remains elevated. USD/CAD extends reversal while US Dollar eyes ISM Non-Manufacturing PMI.

from DailyFX - Market News https://ift.tt/2oRB2c5
via IFTTT

US Dollar Price Outlook: Q4 Pullback Continues, NFP on Deck

The US Dollar is pulling back from the fresh two-year-highs that were set shortly after the Q4 open, and NFP will likely drive flows from here.

from DailyFX - Market News https://ift.tt/2ndpdg9
via IFTTT

Crude Oil Price: Trend Breakdown Nears Prior Reversal Zone

Crude oil’s recent sharp sell-off has taken out the prior uptrend started in early August. A previous reversal zone nears - Will history repeat itself?

from DailyFX - Market News https://ift.tt/2nc80DP
via IFTTT

GBP/USD Price Outlook: Unfazed by PMI Warning Signal

GBP/USD had been largely unfazed by the latest PMI data, which showed a contraction in the services sectors. Politics remains the key driver for the Pound.

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

Gold Price Outlook: Boosted by Risk Sentiment, Eyes US NFP Report

Gold continues to trade either side of $1,500/oz. as risk-off sentiment boosts the price of the precious metal. The US Labor Report on Friday will decide the next move.

from DailyFX - Market News https://ift.tt/2n92JNj
via IFTTT

US Dollar, Stock Markets Brace for Key US Data, EU-US Trade War

The US Dollar and local equity markets will be anxiously watching for the release of critical US data after ISM manufacturing reports printed a decade-low reading amid a cross-Atlantic trade dispute.

from DailyFX - Market News https://ift.tt/2pz7d0y
via IFTTT

Post-RBA AUDUSD Rebound on Radar as Lowe Pushes for Fiscal Support

AUD/USD attempts to retrace the decline following the Reserve Bank of Australia (RBA) meeting as Governor Philip Lowe pushes for “a renewed focus on structural measures.”

from DailyFX - Market News https://ift.tt/2o1M0Mf
via IFTTT

Asia Stocks Hit As US-Europe Trade Tensions Add to Investor Woes

Asia Pacific equity markets endured more sharp falls as trade worries returned very much to the fore. Hong Kong saw some woeful retail sales data too

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

Gold Spiked on Easing Bets, Crude Oil Prices Fell on Growth Risks

Crude oil prices fell alongside equity markets amid a spike in global growth fears that prompted a rise in gold from a spike in Fed easing expectations.

from DailyFX - Market News https://ift.tt/2pz8tAV
via IFTTT

US Dollar Uptrend on SGD Reinforced by Singapore PMI Contraction

The US Dollar could gain against SGD after Singapore PMI contraction reinforced MAS easing bets. The Singapore Dollar is vulnerable if US-EU trade war fuels demand for liquidity.

from DailyFX - Market News https://ift.tt/2n5jrgx
via IFTTT

USDCAD Rate Reacts to Uncertainty Surrounding USMCA

USD/CAD reacts to the uncertainty surrounding the United States-Mexico-Canada Agreement (USMCA), with recent price action bringing the September-high back on the radar.

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