Gold Grinds at Resistance, Bitcoin Tests Above 10k to Start Busy Week

Chinese inflation for January printed at an annualized 5.4% - the highest level in eight years, as coronavirus fears continue to grip financial markets.

from DailyFX - Market News https://ift.tt/3bpfEyQ
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/2SyKJaQ
via IFTTT

GBP/USD & EUR/GBP Prices: Reinforcing Recent Trading Ranges - Webinar

Sterling continues to trade near support as recently defined trading ranges hold for now. Tuesday will see the latest look at the health of the UK economy with a slew of important data prints out a...

from DailyFX - Market News https://ift.tt/31RnnS9
via IFTTT

Ripple (XRP) Price Analysis: XRP/USD May Re-Test 2019 High

Ripple continues its recent rally off its December low and the chart now suggests a break of nearby resistance may well open the way for XRPUSD to test the $0.50 level .

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

British Pound (GBP) Latest: Sterling Remains Weak Ahead of GDP and Cabinet Reshuffle

The British Pound opens the week below 1.2900 against the US dollar as trader’s set-up for Tuesday’s data deluge, including GDP numbers, and the Cabinet reshuffle at the end of the week.

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

USD May Rise on Wuhan Virus Risk Ahead of White House Budget

The US Dollar may rise if fear about the coronavirus boosts demand for haven-linked assets ahead of the White House’s release of the budget for 2021.

from DailyFX - Market News https://ift.tt/38exq5Z
via IFTTT

Crude Oil Prices Dip Under $50 as Coronavirus, OPEC Dominate Trade

Crude oil prices slipped beloq $50 only to regain that key psychological point on Monday as investors fretted coronavirus and OPEC’s likely response.

from DailyFX - Market News https://ift.tt/2HbufA8
via IFTTT

EUR/USD Halts Losing Streak Ahead of Fed Testimony But Will It Last?

The Fed testimony with Chairman Jerome Powell may undermine the recent rebound in EUR/USD if the central bank head tames speculation for lower interest rates.

from DailyFX - Market News https://ift.tt/2Sus8wB
via IFTTT

Palladium May Rise with Oil-Linked NOK on Powell Testimony

Palladium prices may rise with the oil-linked Norwegian Krone if Chair Powell’s congressional testimonies strike a positive note on the global outlook kindles risk appetite.

from DailyFX - Market News https://ift.tt/2upnHv4
via IFTTT

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