USD/CAD Price Weakens Further Ahead of Crucial US Jobs Release

The recent sell-off in USD/CAD continues, but at a slower pace, ahead of the first key data print out of the US, the weekly initial jobless claims release.

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Why is GBP/USD Impacted by Equities?- CAD & Oil Link Breaks Down: Cross-Asset Correlation

Why is GBP/USD More Impacted by Global Equities? Canadian Dollar and Oil Relationship Breaks Down.

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British Pound (GBP) Latest: GBP/USD Trending Higher Despite Poor Data

The recent modest rally in GBP/USD is still in place despite poor UK retail sales data, suggesting further small gains for the pair.

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GBP/USD Outlook Ahead of BoE Rate Decision, US Jobless Claims

The British Pound may face liquidation pressure ahead of the BoE rate decision at the same time that traders may be scrambling to the haven-linked USD after jobless claim data is released.

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Crude Oil Pares Gains As Nervous Market Looks To US Jobless Claims

Crude oil prices got an initial boost on hopes that a massive coronavirus stimulus and assistance program would pass the Senate. It has, but the prospect of serious labor market weakness has hit ri...

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EUR/USD Rate Carves Higher Highs and Lows as Bearish Momentum Abates

EUR/USD may stage a larger recovery as the bearish momentum abates, with the Relative Strength Index (RSI) reversing course ahead of oversold territory.

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Australian Dollar, Stocks Brace for Multi-Million US Jobless Claims

The Australian Dollar, stocks, and other growth-geared assets have been buoyed by huge stimulus efforts to offset the coronavirus’ economic hit. Grim US jobless claims data may see those gains wipe...

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How Do Politics and Central Banks Impact FX Markets?

Foreign exchange – or “forex” – markets often pay close attention to politics and central bank policy. We offer a model for traders to gauge their impact on exchange rates.

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NZD/USD Forecast: Bear Flag Takes Shape, RSI Retains Bearish Formation

The recent rebound in NZD/USD may unravel as a bear flag formation takes shape, while the RSI continues to track the downward trend from earlier this year.

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Canadian Dollar Rose, USD/CAD Uptrend Held. Virus Bill Vote Delayed?

The Canadian Dollar rose but USD/CAD maintained its upward trajectory. This is as the US Dollar is gaining with an immediate vote on the virus relief bill appearing to be delayed.

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Nikkei 225 Forecast for the Week Ahead

The Nikkei 225 has rebounded alongside other equity markets as investors grapple with the unprecedented stimulus packages offered by different governments. Can bulls continue the rally?

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US Dollar Pulls Back from Three-Year-Highs: EUR/USD, GBP/USD, AUD/USD

The US Dollar put in a huge breakout over a ten-day-span. DXY has since found resistance and posed a 23.6% pullback, but are buyers reloading for more gains?

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DAX 30 Price Outlook: 2009 Trendline in Focus as Index Aims Higher

The DAX 30 has enjoyed a strong start to the week as traders digest the fiscal response to the coronavirus. Now, the index has encountered resistance in the form of a longstanding trendline.

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S&P 500 Price Outlook: Bear Market Rally Looks to Build on Stimulus

S&P 500 surged nearly 15% off the lows with the stimulus recovery now testing the first major resistance hurdle Here are the levels that matter on the SPX500 charts.

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USD/CAD Price Outlook: Canadian Dollar Rebounds – Will It Last?

The Canadian Dollar gains ground in an attempt to recover recent downside as USD/CAD price action peels back from a four-year high, but will the Loonie rebound last?

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USD/MXN - Mexican Peso vs US Dollar, Peso Weakness Remains

Weakness to remain for the Mexican Peso as coronavirus risks dominate. However, downside risks are more broadly balanced.

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Gold Price - Wild Swings May Continue as Unprecedented US Stimulus Nears

The extreme volatility in the price of gold continues this week with the precious metal having already traded in a $155/oz+ range.

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British Pound (GBP) Latest: Modest Trend Higher in GBP/USD to Continue

Sterling will likely continue to edge higher, along with other assets seen as inherently risky, after the deal on a $2 trillion coronavirus aid package in the US. However, the rally remains brittle.

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EUR/USD May Retreat on German IFO, US Durable Goods Orders Data

EUR/USD may retrace some of its recent gains if German IFO and US durable goods orders data pushes the haven-linked US Dollar higher after its brief pullback.

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Gold Slips As Markets Hope US Coronavirus Stimulus Deal Will Pass

Gold was a modest casualty of improved Asia Pacific risk sentiment, rooted in hopes that a massive stimulus deal is on the verge of passing Congress.

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