Euro May Fall on Eurozone PMIs as Coronavirus Stokes Recession Fears

The Euro may fall on Eurozone PMI data as regional recession fears mount amid the coronavirus outbreak. However, the US Dollar may extend its rally if upbeat data brightens the growth outlook.

from DailyFX - Market News https://ift.tt/2vV1sx7
via IFTTT

Crude Oil Prices Down, Near Term Production Cut Hope Fade

Crude oil prices were hit by worries about the spread of coronavirus both within China and beyond. South Korea saw cases rise for a second straight day.

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

British Pound Forecast: GBP/USD, EUR/GBP, GBP/CHF

GBP/USD may fall as the pair tests key support with EUR/GBP facing what could be near-term selling pressure as GBP/CHF enters an intensifying compression period.

from DailyFX - Market News https://ift.tt/38L9LdL
via IFTTT

Australian Dollar Outlook May Deepen Bearish, AUD/USD Clears Support

The Australian Dollar outlook may shift further bearish after AUD/USD took out key support. This followed a broadly pessimistic day in stocks as the haven-linked US Dollar soared.

from DailyFX - Market News https://ift.tt/2v2a19v
via IFTTT

US Dollar Volatility Report: USD Price Analysis & Trading Levels

King Dollar reiterates its reign over the global FX market as USD price action flexes its muscle and drives the DXY US Dollar Index within reach of the ominous 100.00 handle.

from DailyFX - Market News https://ift.tt/2Pcwt6H
via IFTTT

US Dollar Price Action Setups: EUR/USD, USD/CAD, USD/JPY

It's been a busy couple of days in global markets with a huge breakout in USD/JPY following prior breakouts in Gold and a breakdown in EUR/USD.

from DailyFX - Market News https://ift.tt/32ahEH9
via IFTTT

Dow Jones & Nasdaq 100 Drop as Volatility Spikes, Will Support Hold?

Stocks plunged on Thursday before buyers quickly returned to stem the bleeding. Still, the initial move allowed bears to test support, will it hold through subsequent challenges?

from DailyFX - Market News https://ift.tt/2PaFgG2
via IFTTT

US Dollar Rises, AUD/USD & GBP/USD Suffers - US Market Open

US Dollar remains rampant, AUD/USD slumps on rising unemployment rate, GBP/USD fails to find support from strong retail sales.

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

Canadian Dollar Price Analysis: Loonie Drops, USD/CAD Turn or Burn?

USD/CAD has been pulling back as the US Dollar has put in a blistering up-trend over the past week. Are buyers taking a break or pulling back altogether?

from DailyFX - Market News https://ift.tt/3bV23zu
via IFTTT

Dow Jones Forecast: Key Levels to Watch

US equities marginally lower as Coronavirus spreads. Eyes on Dow Jones Weekly Low as index remains vulnerable to the downside.

from DailyFX - Market News https://ift.tt/3bThb0w
via IFTTT

Euro Price Analysis: EUR/USD May be Oversold in The Short-Term

EURUSD filled the ‘Macron gap’ earlier in the session, achieving its short-term downside objective. The chart shows the pair as extremely oversold, but will Friday’s PMI data kick the Euro lower ag...

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

British Pound (GBP), FTSE 100 Latest: Return of Inverse Correlation

For a while it looked as though the inverse correlation between GBP/USD and the FTSE 100, where if one fell the other rose, had broken down. Now it’s back.

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

Euro Price Outlook: EUR/USD, EUR/GBP Levels Ahead of ECB Minutes

The Euro may recover against the US Dollar and British Pound ahead of the release of the ECB meeting minutes after EUR/GBP and EUR/USD faced severe selling pressure.

from DailyFX - Market News https://ift.tt/2uRFw6h
via IFTTT

Gold Stays Close to 7-Year Highs As China Cuts Lending Rates

Gold prices remained well supported even as some monetary action by China aimed at heading off some of the coronavirus’ effects was announced.

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

AUD/USD, NZD/USD Sink as China Rate Cuts Fail to Impress

The Australian and New Zealand Dollars slumped as China failed to impress markets worried about the coronavirus outbreak with a pair of rate cuts.

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

Canadian Dollar Forecast: GBP/CAD, CAD/CHF, NZD/CAD, EUR/CAD

GBP/CAD has broken below the September uptrend while EUR/CAD may be ending its consecutive 12 day decline with EUR/CHF approaching key resistance as NZD/CAD aims at November lows.

from DailyFX - Market News https://ift.tt/2T3wL0G
via IFTTT

Australian Dollar Dips. Unemployment Ticks Up But Full Time Jobs Roar Back

The Australian Dollar slid as the overall unemployment rate edged up despite news that full time job creation surged in January.

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

Japanese Yen Technical Outlook Still Points Higher as USD/JPY Soars

The Japanese Yen tumbled as USD/JPY aimed for 2019 highs, but JPY prices are still on average in an uptrend from 2018. AUD/USD may rise if Australian jobs data cools RBA rate cut bets.

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

Gold Prices Surge to Key Resistance, Can XAU/USD Break Higher?

Gold prices are in the midst of a multiday run that has seen the precious metal probe resistance around the $1,610 mark that stalled a rally earlier this year. Can XAU surpass the barrier?

from DailyFX - Market News https://ift.tt/2T2afFF
via IFTTT

US Dollar Extends to 3YR High on Fed Minutes, USD/JPY Breakout

The US Dollar broke higher on January’s Federal Reserve Open Market Committee Minutes with USDJPY extending to 111.54

from DailyFX - Market News https://ift.tt/2P7M6Mu
via IFTTT