Friday, 6 March 2020

British Pound (GBP) Latest: FTSE 100 Slumps, Sterling Rally Continues

The financial markets remain in turmoil ahead of the weekend with equity markets continuing to plunge and safe-haven assets continuing to soar. Later today, the latest NFP report should add to vola...

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

Thursday, 5 March 2020

US Dollar Analysis Ahead of Nonfarm Payrolls: What to Expect?

The US Dollar may fall if nonfarm payrolls data for February prints a dismal figure, further inflaming global slowdown fears and increasing the urgency for additional Fed easing.

from DailyFX - Market News https://ift.tt/2VR08qm
via IFTTT

Crude Oil Prices at Risk on OPEC, Russia Spat. US Jobs Data Due

Crude oil prices may face selling pressure as OPEC and Russia clash over additional output cuts amid coronavirus worries. US jobs data may not help.

from DailyFX - Market News https://ift.tt/2W0j7Pl
via IFTTT

USD May See Record High Versus Indian Rupee After RBI Seized Yes Bank

The US Dollar may find itself at record highs against the Indian Rupee after the RBI seized Yes Bank amid the coronavirus outbreak which is threatening local and global growth.

from DailyFX - Market News https://ift.tt/330xqoj
via IFTTT

NZD/USD Rate Rebound Unfolds as RSI Bounces Back from Oversold Zone

NZD/USD may stage a larger rebound over the coming days as the RSI bounces back from oversold territory and breaks out of the bearish formation from earlier this year.

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

Yen Soars, USD/JPY and Dow Jones Sink. Investors Seek Shelter in Bonds

The Japanese Yen soared as the USD/JPY downtrend prolonged. The Dow Jones declined as investors sought safety at U.S. Treasury bill auctions. Asia Pacific equities may fall next.

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

NFP Preview: US Dollar, Fed Rate Cuts Hinge on Jobs Data Due

The US jobs report for February is due this Friday at 13:30 GMT – will NFP data remain resilient amid growing coronavirus concerns? Or will employment falter and accelerate the Dollar’s freefall?

from DailyFX - Market News https://ift.tt/2x7cyjg
via IFTTT

How to Invest During a Recession: Investments & Strategy

Economic recessions are often accompanied by stock market crashes and extended periods of low returns. Here are some of the best investments to hold during a recession.

from DailyFX - Market News https://ift.tt/3azl5u2
via IFTTT

Gold Price Forecast: Lower Rates, Lingering Risk Aversion to Boost XAU

Lower interest rates and lingering uncertainty could spur gold price gains in the weeks ahead as investors seek an inflationary hedge as the possibility of another rate cut looms.

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

Canadian Dollar Price Outlook: USD/CAD Rally at Risk- NFP Levels

Canadian Dollar is ranging just below resistance with the rally vulnerable into Jobs Friday. Here are the trade levels that matter on the USD/CAD technical charts.

from DailyFX - Market News https://ift.tt/33041e4
via IFTTT

S&P 500 Pulls Back as US Rates Run to All-Time-Lows

US equities exhibited a tone of recovery in the first few days of this week. But risk aversion continues to show in Treasuries and Gold: Which move is right?

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

Coronavirus Hits Europe: DAX & CAC 40 Risk Larger Break Down

Coronavirus is spreading quickly across Europe, heightening uncertainty for European markets. DAX and CAC 40 Head lower

from DailyFX - Market News https://ift.tt/32UAp1n
via IFTTT

Euro Price Outlook: EUR/USD 'V-Shaped' Recovery Nears Completion

After touching a multi-year low on February 20 this year, EUR/USD has rebounded sharply in the last three weeks and is now close to printing a fresh 2020 high.

from DailyFX - Market News https://ift.tt/3cy0PKZ
via IFTTT

Bitcoin (BTC) Price Rebound Nears Technical Resistance

Bitcoin’s pullback off its six-week low is nearing a cluster of resistance points which may prove difficult to clear in the short-term.

from DailyFX - Market News https://ift.tt/2Tnjr8X
via IFTTT

S&P 500 Outlook Vulnerable as Risk Barometer Drops, Volatility Jump Possible

Relief rally fades as the S&P 500 heads lower. Risk barometer suggests the index remains vulnerable to pullbacks.

from DailyFX - Market News https://ift.tt/32PaM2e
via IFTTT

British Pound (GBP) Outlook Brightens As UK Budget Nears

The UK Budget next week could be positive for both GBP/USD and the FTSE index of London stocks, with political analysts forecasting an easing of fiscal policy.

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

USD/CHF Outlook: Will EU Recession Risks Boost Swiss Franc?

The US Dollar may fall against the Swiss Franc - often Europe's go-to anti-risk currency - if regional recession fears amplify demand.

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

Wednesday, 4 March 2020

Gold Prices Gain on Coronavirus Fears Even as Riskier Assets Rise

Gold was higher on Thursday as the hopes for more, global monetary easing which gave stocks a boost won’t do the non-yielding asset any harm either.

from DailyFX - Market News https://ift.tt/2PM13UQ
via IFTTT

EUR/USD to Face Larger Pullback as RSI Falls Back from Overbought Zone

EUR/USD may face a larger pullback ahead of the ECB meeting on March 12 as the Relative Strength Index (RSI) falls back from overbought territory.

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

New Zealand Dollar Outlook: NZD/CAD, NZD/CHF, NZD/JPY

The New Zealand Dollar has suffered against the Canadian Dollar, Swiss Franc and Japanese Yen, but recent price action suggests a recovery may be in the works.

from DailyFX - Market News https://ift.tt/2PL4FGY
via IFTTT

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...