Nasdaq 100, DAX 30, Nikkei 225 Technical Forecasts

Stocks climbed higher last week and reclaimed several key technical levels in the process. Can support hold if selling returns?

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

USD/CAD: Canadian Dollar Forecast Post-BOC Emergency Rate Cut

USD/CAD price outlook is mired by a pullback in the broader US Dollar and deeper crash in crude oil. Can the Canadian Dollar prolong its rebound attempt as the Bank of Canada, or BOC, slashes rates?

from DailyFX - Market News https://ift.tt/2QTh4Jj
via IFTTT

Stock Market Forecast: Recession Likely Unavoidable Amid Virus Fallout

Despite unprecedented Fed liquidity and fiscal stimulus measures, economic turmoil caused by the coronavirus mounts and raises the risk of recession, which could strongarm the stock market lower.

from DailyFX - Market News https://ift.tt/2UGpk0v
via IFTTT

Australian Dollar Boosted By Stimulus Hope, Coronavirus Stays in Charge

The Australian Dollar has been lifted from its multi-year lows by hopes that global financial authorities can fend of the worst of the coronavirus‘ effects. The economic data are dire though, and l...

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

US Dollar Tanks, S&P 500 Stabilizes as FOMC Counters Coronavirus

It's been a brutal month for the risk-on trade. But a glimmer of hope has shown as the S&P has held on to support with the US Dollar tempering gains.

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

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?

from DailyFX - Market News https://ift.tt/2WZ34Sn
via IFTTT

Crude Oil Price Drives Lower with S&P 500, VIX Snaps Back

Crude oil price sinks another 7% on Friday as the S&P 500 Index spirals lower. Volatility rebounds toward crisis-high readings while sentiment crumbles owing to coronavirus recession risk.

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

USD/CAD Erratic Price Action After Bank of Canada Emergency Rate Cut

The Bank of Canada is the latest central bank to announce an emergency interest rate cut.

from DailyFX - Market News https://ift.tt/39mCy7K
via IFTTT

USD/ZAR - US Dollar vs South African Rand, ZAR Remains Vulnerable

South Africa forced into QE, eyes on Moody’s Rating. Downgrade to junk poses downside risks to South African Rand

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

USD/MXN Outlook - Mexican Peso Besting a Weak US Dollar, Volatility Remains Extreme

USD/MXN may well have made its short-term high with the latest US liquidity pump driving down the value of the US dollar.

from DailyFX - Market News https://ift.tt/2y5QqpY
via IFTTT

US Dollar May Rebound as Fed QE Euphoria Subsides

The US Dollar is on the defensive after the Fed activated open-ended QE to becalm panicky financial markets, but scope for renewed stress means losses may be limited.

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

British Pound (GBP) Latest: GBP/USD and FTSE 100 Trimming Wild Gains

A volatile week in UK asset markets with both the British Pound and the FTSE 100 storming back from multi-year lows. Support levels for both will be keenly eyed by traders.

from DailyFX - Market News https://ift.tt/33MJ4DM
via IFTTT

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