The DAX 30 has enjoyed a parabolic rebound this week after plummeting to support last Friday. Still, fundamental concerns remain, and they may work to keep the DAX in check.
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Wednesday, 5 February 2020
S&P 500 Price Outlook: SPX500 Rally Targets Fresh Yearly Highs
The S&P 500 Index surged more than 2.7% this week with the rally eyeing uptrend resistance at fresh record highs. Here are the levels that matter on the SPX500 chart.
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USD Strength Continues on Solid ISM Services PMI
ISM Services index continued to grow in January with a reading of 55.5, beating expectations of 55.1
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USD/CAD Tests Resistance: US to Canadian Dollar Price Analysis
USD/CAD had a rough month of December to cap off a 700-pip loss for last year. But already in 2020 half of that sell-off has been clawed back.
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Coronavirus Vaccine Talk Supports Risk, GBP Boosted by PMI Data, Tesla Bubble - US Market Open
Talk that a vaccine for coronavirus has been found boosted risk assets in early turnover, while Sterling (GBP) received a boost from stronger-than-expected UK PMI data. All eyes on Tesla.
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Crude Oil, Gold, S&P 500 – Charts to Watch & More
Oil is looking to try and bottom around support, gold has room to roll over some more, while stocks look to try and tack on more gains.
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Sterling (GBP) Boosted by Robust PMI Data, Euro-Zone Sentiment Nudges Higher
The final UK PMI release this morning showed the UK economy picking-up post-general election, led by the dominant services sector. Euro-Zone data was also better, easing recession fears.
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British Pound (GBP), FTSE 100 Latest: China Stimulus Brings Markets Hope
GBP/USD and the FTSE 100 are steadying after their recent weakness on the coronavirus outbreak, and Chinese measures to stimulate its economy are alleviating concerns, potentially helping their rec...
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Euro May Rise on Retail Sales as Traders Eye Key Debt Release
The Euro may rise on retail sales data for the holiday-packed month of December with eyes on the European Commission’s release of a paper on revising debt rules in the Eurozone.
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Tuesday, 4 February 2020
Gold Prices Higher on Virus Fears Despite Asian Stock Gains
Gold prices’ underlying haven bid remained strong through Wednesday’s session despite some cheer for riskier assets generated by hopes for more Chinese stimulus.
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US Dollar Positioning Outlook: USD/CAD and NZD/USD Trends Analyzed
The US Dollar may rise against the Canadian Dollar and New Zealand Dollar based on trader positioning signals as USD/CAD short bets accumulate and NZD/USD long bets increase.
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Singapore Dollar at Risk, USD/SGD Soars as MAS Brings Up Coronavirus
The Singapore Dollar fell against the US Dollar as USD/SGD rose after the MAS hinted a more-dovish tilt on concerns that the coronavirus could dent local growth as China’s economy slows.
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Bitcoin Forecast: Key BTC/USD Levels to Watch
BTC/USD has rallied over 30 percent year-to-date, but recent price action shows upside momentum is fading as it approaches what could be a trend-defining intersection.
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New Zealand Dollar, NZD/USD Outlook May Shift Bullish as Yen Sinks
The New Zealand Dollar outlook may shift bullish as NZD/USD spawns a reversal formation. The Yen sank as the S&P 500 rose on cooling Wuhan virus fears and the Fed injecting liquidity.
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Australian Dollar Forecast: AUD/USD, AUD/JPY Bounce Off Support - What's Next?
The Australian Dollar rallied off support on Tuesday as resurgent risk appetite and an uneventful RBA rate decision worked to boost the growth-sensitive currency. Can it tackle resistance?
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Bitcoin Price Outlook: BTC/USD Rally Falters- Crypto Trade Levels
Bitcoin is trading just below resistance after rallying more than 40% off the yearly lows- bulls at risk. Here are the levels that matter on the BTC/USD technical chart.
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US Dollar Jumps, GBP/USD Crumbles and Crude Oil Sets a Fresh Low
After an aggressive sell-off to finish January, USD bulls have come back; helping GBP/USD to crater down to the 1.3000 psychological level.
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Global Indices Bid, USD, Gold & Oil Stabilize, Tesla Shorts Incinerated - US Market Open
A risk-on tone pre-US market open with global indices all in positive territory. Gold, oil and the US dollar remain calm, while Tesla (TSLA) short sellers continue to lose billions of US dollars.
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Demand for Havens Wanes as Sentiment Picks Up | Webinar
Trader confidence has picked up as market fears about the coronavirus have waned, leading to demand for riskier assets and less demand for safe havens.
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Euro & Pound Pairs – Forex Analysis & Charts
The Euro looks vulnerable to more losses after yesterday, sterling is holding onto support versus the dollar and yen, but may not be for long.
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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference
The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...
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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...