US Dollar Fundamental Outlook: USD/SGD, USD/MYR, USD/IDR, USD/PHP

The US Dollar may rise if coronavirus fears result in a resurgence in market volatility, sending USD/SGD and USD/MYR higher. This is as growth in the Fed’s balance sheet appears to slow.

from DailyFX - Market News https://ift.tt/2tJ2WKh
via IFTTT

NZD/USD Outlook Mired Ahead of RBNZ as RSI Sits in Oversold Territory

NZD/USD may face a more bearish fate ahead of the Reserve Bank of New Zealand (RBNZ) meeting as the Relative Strength Index (RSI) sits in oversold territory.

from DailyFX - Market News https://ift.tt/38ezpY2
via IFTTT

Australian Dollar Ticks Up on China CPI, Virus Headlines Driving

The Australian Dollar rose in the wake of strong Chinese CPI data putting inflation at its fastest pace since October 2011, with large gains in food prices mostly to blame.

from DailyFX - Market News https://ift.tt/39l5I7D
via IFTTT

Australian Dollar Closed at 2009 Low, Yen May Gain as Week Starts

The Australian Dollar closed at its weakest since 2009 versus the US Dollar on a revival in coronavirus fears. The Yen may gain if market mood deteriorates as the week gets going.

from DailyFX - Market News https://ift.tt/2H9UoPH
via IFTTT

US Dollar, Dow Jones, Gold Prices, Euro, British Pound: Markets Week Ahead

The S&P 500 and Dow Jones finished on a cautious note as coronavirus fears waxed and waned. The US Dollar gained as the S&P 500 recovered most of its near-term losses. Gold prices trimmed declines....

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

Dow Jones, DAX 30 & FTSE 100 Fundamental Forecasts

Global equity markets regained their footing last week as coronavirus fears subsided and risk appetite reemerged. Can equities continue to disregard the impact on economic activity?

from DailyFX - Market News https://ift.tt/31Gl57X
via IFTTT

USD/MXN Outlook: Mexican Peso Defies Fundamentals Ahead of Rate-Cut Decision

The Mexican Peso appreciated a further 1.76% against the US dollar during this past week, but a short-term correction has come into play ahead of next week’s interest rate decision.

from DailyFX - Market News https://ift.tt/37bIQ92
via IFTTT

Euro Weekly Price Forecast: Fundamentals, Data Suggest a Terminal Decline

The Euro remains under downside pressure after a week when any short-term bullish sentiment was all but wiped out. Next week’s Euro-Zone and German GDP data may well confirm this bearish breakout.

from DailyFX - Market News https://ift.tt/2vku0ji
via IFTTT

Gold Prices Biased Higher with Powell Testimony, US CPI Eyed

Gold prices have found support as assorted would-be headwinds pin down global interest rates. Surprise risk seems to tilt in favor of higher versus lower prices.

from DailyFX - Market News https://ift.tt/3biAMXH
via IFTTT

USD Forecast: US Dollar Hinges on Virus Fear, Sentiment & Powell

USD currency traders will likely look to coronavirus headlines, consumer sentiment data and Fed Chair Powell’s congressional testimony for clues on where the US Dollar might head next.

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

Crude Oil May Recover on Powell Testimony, Tariff Reduction

Crude oil prices may rise if Fed Chairman Jerome Powell’s congressional testimony and the US-China tariff reduction cool slowdown fears and boost the growth-reliant commodity.

from DailyFX - Market News https://ift.tt/2viquq0
via IFTTT

Australian Dollar May Be Back to Virus-Watch After RBA Boost

The Australian Dollar rose after domestic interest rates were left alone even though the decision had been expected. It’s still under duress though and can’t hope for a similar RBA rescue this week.

from DailyFX - Market News https://ift.tt/2H2EDtJ
via IFTTT

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.

from DailyFX - Market News https://ift.tt/31xA6sU
via IFTTT

Loonie Mixed After Canadian Jobs: CAD/JPY, GBP/CAD & AUD/CAD

Canadian Jobs data briefly lifted the Lonnie this morning, but coronavirus fears weigh on oil prices, helping suppress the CAD

from DailyFX - Market News https://ift.tt/39im556
via IFTTT

Sterling Price Outlook: British Pound Slams into Key GBP/USD Support

Sterling plummeted nearly 2% against the Dollar this week with Cable trading just above key support post-NFPs. Here are the levels that matter on the GBP/USD charts.

from DailyFX - Market News https://ift.tt/2vYS0sR
via IFTTT

Gold Prices Rally, USD/JPY Turns, AUD/USD Sets Fresh Decade Lows

NFP printed with strength in an all-around healthy report. But risk aversion themes have started to show as fears around the spread of coronavirus remain.

from DailyFX - Market News https://ift.tt/2vhVar5
via IFTTT

Non Farm Payrolls Beats Expectation: US Dollar Rallies

This morning brought the release of US Non-Farm Payrolls to the tune of 225k vs the expectation of 165k.

from DailyFX - Market News https://ift.tt/37a8prc
via IFTTT

USD, AUD/USD, GBP/USD – Charts for Next Week

The Dollar continues to rise, Aussie probing near decade plus lows and Cable below near-term support that sets it up for lower prices.

from DailyFX - Market News https://ift.tt/39dQKQS
via IFTTT

Crude Oil Selloff Deepens; Can NFP Data Dwarf Coronavirus Fears?

Crude oil officially fell into bear market territory last week and is now trading near $50.00 on the novel coronavirus outbreak, but high-impact US jobs data is due for release and could rekindle r...

from DailyFX - Market News https://ift.tt/388p5Ri
via IFTTT

EUR/USD Price Slumps Through Support Ahead of US Jobs Data, Chart Remains Weak

Yet more weak German hard data has pulled the rug from under EUR/USD and sent it tumbling through recent stubborn support levels.

from DailyFX - Market News https://ift.tt/39h6brC
via IFTTT