Crude Oil Picks Up, Euro Nears Important Support, Equities Remain Bouyant - US Market Open

A quiet session so far with crude oil picking up from its recent one-year low, EUR/USD trending lower on poor data, while indices continue to push ahead.

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European Stocks Outlook: Trending Higher on Trade and Virus Hopes

Continental Europe’s main stock market indexes, including the DAX and the CAC, are advancing strongly on hopes of a coronavirus breakthrough and news China will halve tariffs on some US imports.

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EUR/USD Price Analysis: Treading on Thin Ice After Dismal German Data

The Euro remains weak after the latest German factory orders data slump, highlighting the ongoing weakness in the Euro-Zone’s largest economy.

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British Pound (GBP) Latest: Watch Out For The Valentine's Day Massacre

For Sterling traders, an important date to note in the diary is February 14, when UK Prime Minister Boris Johnson is expected to reshuffle his senior ministers post Brexit.

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Euro Slide vs USD May Continue Ahead of German Factory Orders

The Euro may continue to fall against the US Dollar if German factory orders data echoes the same weakness seen in yesterday’s retail sales statistics and amplifies EUR/USD losses.

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Crude Oil Prices Up as China Pledges to Lift Some US Import Tariffs

Crude oil prices were boosted by the surprise news that China plans to life barriers against a range of US goods this month.

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AUD/USD Analysis: Post RBA Rebound Brings RSI Back from Oversold Zone

AUD/USD may extend the series of higher highs and lows from earlier this week as the Relative Strength Index (RSI) bounces back from oversold territory.

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Gold Prices, S&P 500, DAX Index at Critical Turning Points

Gold prices, the S&P 500 and the German DAX equity index are all at critical price intersections, the outcome of which may precede aggressive liquidation or a buying frenzy.

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Gold Price Susceptible to Larger Pullback as Bullish Momentum Abates

The price of gold may struggle to retain the advance from the start of the year as the bullish momentum abates.

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Australian Dollar May Reverse as Markets Bet on Coronavirus Vaccine

The Australian Dollar may have bottomed against the US Dollar as bets of a coronavirus vaccine sank that Japanese Yen. This is as EUR/USD declined on fading dovish Fed expectations.

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Key NFP Charts to Analyze Ahead of the Big Day

Forecasting labor market strength in the United States remains a popular theme among investors and various tools, indexes, and surveys exist that could aid investors as they attempt to forecast the...

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Crude Oil Price Decline Stalls at Support as OPEC Discusses Production Cuts

Crude oil trades near bear market territory after falling nearly 20% from a recent high. With the demand outlook muddied, crude may struggle to reclaim lost ground.

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Gold Technical Forecast: XAU Breakdown Finds Fibonacci Support

Gold prices have pulled back aggressively in the early-portion of this week, wiping out all of last week's gains and then some.

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DAX 30 Price Forecast: Can the Index Escape its Range?

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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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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