Stocks Crash as Dow Jones, S&P 500 Erase Months of Gains in Days

Stocks extended their losses on Friday as the Dow Jones and S&P 500 erased months of hard-fought gains in mere days in a rout that is the worst since 2008.

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

As S&P 500 Crashes: What Can the Authorities Do to Stop the Bleeding?

The S&P 500 and US benchmark indices are suffering their worst slump since the Great Financial Crisis. As sentiment spreads, what can the authorities due to pull us back from the next panic?

from DailyFX - Market News https://ift.tt/2Pw95RI
via IFTTT

Canadian Dollar Rises on GDP Beat, Exports Flash Warning

This morning brought the release of GDP out of Canada to the tune of 1.9% vs the expectation of 1.6% YoY

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

Dow Jones, USD/CAD, Gold & More: Charts for Next Week

The Dow is in historically oversold territory, USD/CAD working on a breakout, and gold is softening despite major risk-off.

from DailyFX - Market News https://ift.tt/2wgH5uQ
via IFTTT

Coronavirus Impact: S&P 500, DAX, Gold and Crude Oil Outlook

The spread of the Coronavirus has prompted a sharp deterioration in risk appetite. Global equities and oil have plunged, while gold shines

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

British Pound (GBP), FTSE Latest: Outlook Bleak For Sterling and Stocks

The British Pound and London stocks are again, unusually, falling in tandem and the long-term outlook is bleak for both although the FTSE 100 is now heavily oversold and due for a near-term bounce ...

from DailyFX - Market News https://ift.tt/32GAG8k
via IFTTT

DAX Outlook Grim as Stock Selloff Deepens on Coronavirus Fears

The DAX is at risk of continuing to aggressively decline as part of a broader trend of a selloff in global equities. Eurozone growth prospects continue to darken as COVID-19 spreads.

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

Crude Oil Prices Down as Coronavirus Spread Bites Growth Prospects

Crude oil prices joined all other risk-correlated assets in heading lower after Wall Street’s terrible Thursday. Gold was under a little rate pressure, but the market looks well underpinned.

from DailyFX - Market News https://ift.tt/387wCyW
via IFTTT

Japanese Yen May Rise if COVID-19 Triggers a Credit Crisis

The Japanese Yen may rise if fear about the coronavirus causing a credit crisis puts a premium on liquidity and a discount on growth-oriented assets.

from DailyFX - Market News https://ift.tt/2Tl6mvD
via IFTTT

Asian Stock Prices Wilt Again As Coronavirus Routs Wall St.

Regional stock markets were naturally hammered following a scary day on Wall Street. Currencies were pressured too, but with broader differences in fortunes as markets price in lower US borrowing c...

from DailyFX - Market News https://ift.tt/2I39p6A
via IFTTT

USD/CAD Clears October High Ahead of BoC Meeting as Bull Flag Unfolds

USD/CAD may continue to retrace the decline from last year as a bull flag formation unfolds ahead of the next BoC meeting on March 4.

from DailyFX - Market News https://ift.tt/32ys6bp
via IFTTT

Euro Soars to Next Breakout Point as Dollar Sinks on Fed Easing Bets

The Euro soared in its best day in over 2 years with EUR/USD on the verge of a key bullish breakout. The US Dollar sank as coronavirus fears further juiced aggressive dovish Fed bets.

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

Dow Jones Forecast: Stock Selloff Deepens to Historic Levels

The Dow Jones fell another 1,100 points on Thursday, extending the Industrial Average’s precipitous decline that began last week. Will stocks continue to fall?

from DailyFX - Market News https://ift.tt/2uAl6hK
via IFTTT

Gold Price Forecast: Bullion May Require Consolidation Before Further Gains

After surging on the back of coronavirus fears and risk aversion, gold has surrendered gains in recent days as it looks to consolidate before the next leg higher.

from DailyFX - Market News https://ift.tt/32uU73Q
via IFTTT

Recession Watch: US Recession Odds Rekindled as Coronavirus Festers

Risk of recession rises following a contraction in US business activity. How might this impact the US Dollar as economic fallout from the coronavirus radiates across the global supply chain?

from DailyFX - Market News https://ift.tt/3cjA1OD
via IFTTT

Canadian Dollar Price Outlook: USD/CAD Breakout Targets Trend Extreme

Canadian Dollar remains on the defensive with a US Dollar breakout surging to four-month highs. Here are the trade levels that matter on the USD/CAD technical charts.

from DailyFX - Market News https://ift.tt/2Pug8KM
via IFTTT

US Dollar Price Analysis: USD Snaps Back, Will Buyers Bid Support?

The US dollar has seen a stark change-of-pace in price action as the February rally has come under fire, even as US yields drive to deeper record lows.

from DailyFX - Market News https://ift.tt/32vtL1D
via IFTTT

EUR/USD Soars on Global Equity Panic Selling, Beware of Month-end Rebalancing - US Market Open

A sea of red yet again as global equities remain under heavy selling pressure. Month-end may provide equity bounce.

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

Euro Price Action Analysis: EUR/USD Breaks Out - More Room to Run?

It was a hard and fast bearish trend in EUR/USD dominating for the first three weeks of February. But now that the pair has started to reverse - how long will sellers take a back seat?

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

Coronavirus Impact: S&P 500, DAX, Gold and Crude Oil Outlook

The spread of the Coronavirus has prompted a sharp deterioration in risk appetite. Global equities and oil have plunged, while gold shines

from DailyFX - Market News https://ift.tt/396jQ4T
via IFTTT