Palladium prices may on the verge of a bearish correction as the precious metal tests critical support with XAG/USD in the early stages of what could be a bullish breakout.
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Thursday, 6 February 2020
Canadian Dollar Gains as Crude Oil Prices Look Past OPEC+ Cut Bets
The Canadian Dollar rose as crude oil prices looked past OPEC+ output cut recommendations, focusing on development in the TSX. Ahead, the Australian Dollar eyes Chinese trade data.
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US Dollar Forecast: NFP Report & FOMC in Focus – USD Trade Levels
The US Dollar has staged an impressive rally year-to-date, but USD price action is at risk with the monthly NFP report on deck for release as it can materially sway FOMC monetary policy expectations.
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Dow Jones, Nasdaq 100, S&P 500 Forecast: Resistance Looms at Record Levels
The Dow Jones, Nasdaq 100 and S&P 500 have undergone considerable volatility as of late, but a quick reversal in risk appetite has allowed them to reclaim much of their losses.
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NFP: Nonfarm Payrolls Drives the US Dollar & Currency Volatility
Several fundamental forces can impact the US Dollar, but the monthly release of nonfarm payrolls in particular is a frequent driver of USD price action that tends to spark above-average currency vo...
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Canadian Dollar Price Outlook: USD/CAD Bulls Targeting Trend Extremes
Canadian Dollar is poised to fall for a fifth consecutive week with USD/CAD eyeing key resistance targets. Here are the levels that matter on the Loonie weekly chart.
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US Dollar Returns to Resistance, NFP on Deck: EUR/USD, USD/JPY
US Dollar bulls have come back to the table this week, and tomorrow brings the big one in Non-Farm Payrolls.
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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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Wednesday, 5 February 2020
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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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 -...