US Dollar May Resume Rise Amid Global Recession Fears

The US Dollar may return to the offensive as markets flee to cash amid fears of deep global recession thanks to the still-raging coronavirus outbreak.

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

EUR/USD Price Breaking Through Technical Support

EUR/USD is trading back below 1.1000 as this week’s sell-off continues. Recently released eurozone inflation data missed expecttions and leaves the ECB with a longer-term headache.

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

British Pound (GBP) Latest: GBP/USD Easing, FTSE 100 Gaining Ground

The FTSE 100 index of leading London-listed stocks has steadied but downward pressure remains on GBP/USD after Fitch’s downgrade of the UK’s debt rating Friday.

from DailyFX - Market News https://ift.tt/3bPpn11
via IFTTT

US Dollar May Rise if PMI Data Kindles Demand for Liquidity

The US Dollar may rise from a wave of capital rushing into it if PMI data out of the world’s largest economy unnerves investors and boosts demand for highly liquid assets.

from DailyFX - Market News https://ift.tt/2Uusl4X
via IFTTT

Gold Prices Edge Lower But Coronavirus Fears Underpin Haven Bids

Gold prices are under a little pressure from a stronger US Dollar as March ends, but they’ve gained broadly over the month and there seems little impetus to chase them lower

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

AUD/USD Forecast: Bear Flag Continues to Take Shape Ahead of April

The recent rebound in AUD/USD may start to unravel over the coming days as a bear flag formation continues to takes shape.

from DailyFX - Market News https://ift.tt/33XX7WW
via IFTTT

US Dollar Fundamental Outlook: USD/SGD, USD/MYR, USD/IDR, USD/PHP

The US Dollar fell as an improvement in sentiment slowed aggressive capital outflows from emerging markets and ASEAN economies. What do USD/SGD, USD/MYR, USD/IDR and USD/PHP face next?

from DailyFX - Market News https://ift.tt/2wP6Jr4
via IFTTT

Australian Dollar In Whipsaw Trade As China Manufacturing PMI Bounces Back

The Australian Dollar sank sharply before this key data only to take back most of its losses on news that China's manufacturing sector surged back to expansion this month.

from DailyFX - Market News https://ift.tt/2JqM1jZ
via IFTTT

EUR/USD Rate Recovery Stalls as ECB Warns of Looming Recession

EUR/USD snaps the series of higher highs and lows from the previous week as the ECB Vice President Luis de Guindos states that incoming data “indicate that a recession will take hold.”

from DailyFX - Market News https://ift.tt/2ylVG9f
via IFTTT

Canadian Dollar Sank with Crude Oil as Health Care Steered Wall Street

The Canadian Dollar sank with crude oil prices as USD/CAD bounced towards trend-defining resistance. Health care securities drove gains on Wall Street. AUD/USD eyes China PMI data.

from DailyFX - Market News https://ift.tt/2UxZNI5
via IFTTT

Nasdaq 100 Forecast: Low Trading Volume May Hint at Weakness

US equities climbed higher on Monday, closing in the green yet again as the VIX fell further. Still, low trading volume may suggest a lack of conviction.

from DailyFX - Market News https://ift.tt/2wF9Rpx
via IFTTT

S&P 500 Continues Recovery, NFP Looms Large for US Data

The S&P 500 hasn't yet hit a limit-down barrier this week; and sometimes the lack of a negative can be a positive itself. NFP looms for Friday.

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

USD/MXN: US Dollar to Mexican Peso Resumes Surge as Oil Plunges

USD/MXN might target fresh highs as the US Dollar to Mexican Peso looks to extend its explosive breakout amid crashing crude oil prices and deepening coronavirus recession risk.

from DailyFX - Market News https://ift.tt/33U1DWE
via IFTTT

Canadian Dollar Forecast: USD/CAD May Melt Higher After Pull Back

USD/CAD may continue higher after a brief pull back saw it test support, but can the pair surpass its recent spike or will a draw down in volatility see the rally peter out beforehand?

from DailyFX - Market News https://ift.tt/39vFxej
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/2JpGYAj
via IFTTT

US Dollar Sinks. Gold Prices, Wall Street Soar on Stimulus. Bottom Found?

The US Dollar tumbled as Wall Street and gold prices outperformed as investors embraced aggressive monetary and fiscal policy stimulus measures. Will this be enough to counter the anticipated slew ...

from DailyFX - Market News https://ift.tt/2JoL7EL
via IFTTT

Oil Prices Plunge on Oil Demand Destruction, Will Trump Intervene? - US Market Open

Focus on the oil market as WTI breaks below $20. Trump set to speak to Putin amid oil price war.

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

GBP/USD, EUR/GBP and GBP/CAD Prices and Outlook - UK Webinar

Sterling (GBP) jumped at the back end of last week against a range of currencies and for different reasons. The question now is whether these gains can be consolidated.

from DailyFX - Market News https://ift.tt/33X4DSf
via IFTTT

DAX 30, Euro Stoxx 50: Bear Market Rally Leaves Global Markets at Risk of Bull Trap

Portfolio rebalancing to provide short term gain, risks remain for long term pain. DAX and Euro Stoxx 50 risks lower levels.

from DailyFX - Market News https://ift.tt/2xEfRi7
via IFTTT

British Pound (GBP) Latest: GBP/USD and FTSE 100 Rally Look Vulnerable

Both Sterling and the FSTE 100 are pairing recent gains at the start of the week with little positive news in the press over the weekend to help them sustain last week’s rally.

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