US Dollar Eyes Sentiment, Spending Data as Fiscal Package Heads to Trump

The US Dollar may rise if consumer sentiment and spending data print worse-than-expected figures and reignite demand for liquidity and push the haven-linked Greenback higher.

from DailyFX - Market News https://ift.tt/2xoc7RT
via IFTTT

Gold Prices Steady Despite Increased Coronavirus Stimulus Hopes

Gold prices remain close to two-week highs even as the market looks with hope toward the passage through Congress of a huge US financial rescue package.

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

Indian Rupee Falls on RBI Emergency Cut, USD/INR Focuses on Sentiment

The Indian Rupee cautiously fell versus the US Dollar after the RBI cut rates in an emergency meeting amid the virus. USD/INR continues to focus on sentiment after clearing support.

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

Singapore Dollar, USD/SGD Outlook: Virus Stimulus Package, MAS Eyed

The Singapore Dollar soared after the local government announced extra stimulus, plunging USD/SGD through support and placing the aggressive uptrend at risk. Where to from here?

from DailyFX - Market News https://ift.tt/3du2yBD
via IFTTT

Can Coronavirus Helicopter Money Bring Markets Back to Life?

Investors in stocks, commodity currencies and energy have been praying for a massive fiscal bazooka to combat the virus effects. It looks like they’re going to get it.

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

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.

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

AUD/USD Rate Rebound Undermined by Bear Flag Formation

The recent rebound in AUD/USD may end up being short lived as a bear flag takes shape, while the RSI continues to track the downward trend from earlier this year.

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

British Pound, GBP/USD Climbs Through Resistance. Yen at Risk Next

The British Pound rose alongside equities as GBP/USD broke above key falling resistance. Ahead, the anti-risk Japanese Yen may weaken if Asia Pacific stocks follow Wall Street’s lead.

from DailyFX - Market News https://ift.tt/39lpq2I
via IFTTT

Gold Price Outlook: Stimulus May Propel XAU/USD Past Resistance

Gold suffered a substantial pullback two weeks ago as risk aversion roared and investors sought liquidity in the form of the US Dollar. Now, however, gold could resume higher as governments offer aid.

from DailyFX - Market News https://ift.tt/3dwZ2Xa
via IFTTT

Dow, S&P 500 Hasten Rally as the USD Snaps - Is the Low in Place?

Stocks have come back to life this week with the S&P 500 up by more than 18% off of the lows, going along with a strong reversal in the US Dollar.

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

Nasdaq 100 Price Outlook: Micron Sees Quarterly Boost from Quarantine

The Nasdaq 100 stands in a relatively advantageous position compared to the S&P 500 and Dow Jones and a recent earnings report from Micron may see the trend continue.

from DailyFX - Market News https://ift.tt/2QMp8M0
via IFTTT

Euro Price Outlook: EUR/USD Rips as Markets Surges on Virus Stimulus

Euro surged 3.3% off the yearly lows as stimulus hopes fuel a breakout of monthly downtrend resistance. Here are the levels that matter on the EUR/USD technical charts.

from DailyFX - Market News https://ift.tt/3aqdA8U
via IFTTT

USD/JPY Pressured by Record-Smashing Spike in Jobless Claims

The US Dollar peels back further from three-year highs as dismal weekly jobless claims data driven by economic fallout from the coronavirus fuels selling in USD/JPY.

from DailyFX - Market News https://ift.tt/3dvRHa2
via IFTTT

US Dollar Rises on Historic Jobless Claims

US initial jobless claims crossed the wires at 3.2 million, marking the sharpest rise in history for the figure amid the current global pandemic

from DailyFX - Market News https://ift.tt/3akE9wl
via IFTTT

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.

from DailyFX - Market News https://ift.tt/2wDJ64G
via IFTTT

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.

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

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.

from DailyFX - Market News https://ift.tt/33MS0Jb
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3bqP8UV
via IFTTT

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...

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

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.

from DailyFX - Market News https://ift.tt/39kERZ4
via IFTTT