Market Sentiment Improves on Fear of Missing Out | Webinar

Trading confidence is returning, with traders dipping their toes into the markets as they show signs of bottoming out. However, a full-scale recovery could yet be days or even weeks away.

from DailyFX - Market News https://ift.tt/34irkQH
via IFTTT

EUR/USD, USD Index & Other Forex Charts

The Euro is trying to hold onto an important long-term line of support, while other pairs are working on providing clarity in direction.

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

Currencies Most Impacted From Oil Prices Ahead of Crucial OPEC Meeting: Cross Asset Correlation

All eyes on OPEC meeting as oil prices soar. Volatility expected to pick up for commodity-linked currencies.

from DailyFX - Market News https://ift.tt/2yBOxS9
via IFTTT

USD/CAD Price Testing Support as Sell-Off Gathers Pace

The bearish sentiment in USD/CAD remains in place and the pair are now testing an important support area ahead of the OPEC+ meeting later this week.

from DailyFX - Market News https://ift.tt/3aPI6t7
via IFTTT

British Pound (GBP) Latest: Firmer After Tumble on News Johnson in Intensive Care

Sterling is showing underlying strength: recovering after its slide on news that UK Prime Minister Boris Johnson is in intensive care after his coronavirus symptoms worsened Monday.

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

Gold Prices Slip From 1-Month Peak on Coronavirus Slowdown Hope

The gold market retains a formidable haven bid but hopes that the contagion can be contained by various remedial measures saw early gains surrendered.

from DailyFX - Market News https://ift.tt/3aRqE7k
via IFTTT

EUR/USD May Fall on Covid-19 Eurozone Finance Minister Meeting

EUR/USD may break below key support if the meeting between Eurozone finance ministers inspires a liquidation in Euro crosses.

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

Australian Dollar Steady As RBA Leaves Rates On Hold At Record Low

The Australian Dollar didn't move far despite a decision by its home central bank to leave rates alone. Futures markets had expected the third reduction since early March.

from DailyFX - Market News https://ift.tt/34kVZx4
via IFTTT

EUR/USD Rate Eyes 2020 Low Amid Mixed Views Surrounding OMT

EUR/USD may continue to give back the advance from the yearly low (1.0636) as the exchange rate extends the series of lower highs and lows from the previous week.

from DailyFX - Market News https://ift.tt/2V6Kq8q
via IFTTT

US Dollar Scarcity May Endure Despite Fed's Bold Coronavirus Response

The US Dollar suddenly seems scarce amid the coronavirus outbreak. That threatens short-term financing underpinning global supply chains, despite the Fed’s epic efforts.

from DailyFX - Market News https://ift.tt/34h8x8m
via IFTTT

Euro, Crude Oil May Suffer From OPEC & Eurozone Political Rifts

The Euro and crude oil prices will be at the mercy of ongoing OPEC+ and Eurozone negotiations as members from each respective group attempt to reach a consensus on policy.

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

AUD/USD Forecast: Wait-and-See RBA to Give Way to Bear Flag Formation

The RBA interest rate decision may do little to alter the near-term outlook for AUD/USD as the central bank is expected to retain the current policy in April.

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

US Dollar, Japanese Yen Sink as Dow Jones Soars on Virus Easing Bets

The US Dollar and Japanese Yen fell as coronavirus cases seemed to stabilize in the US and Europe. The Dow Jones and S&P 500 soared. Local policymakers also hinted at more stimulus.

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

Dow, S&P 500, Nasdaq 100 Pop to Fresh Three-Week-Highs

It was a brutal outing in March, but a different tone has so far shown in April.

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

DAX 30 Price Outlook: Technical Traders Look to Overcome Resistance

The DAX 30 plummeted alongside other equity markets amid the recent stock market crash, with a peak-to-trough move of roughly -40%. Now, a recovery rally is looking to overcome resistance.

from DailyFX - Market News https://ift.tt/2V5wz21
via IFTTT

AUD/USD Price Outlook: Virus Optimism Boosts Australian Dollar

Spot AUD/USD price action climbed over 100-pips during Monday’s trading session as risk appetite and the Australian Dollar recover, but will technical resistance thwart the rebound?

from DailyFX - Market News https://ift.tt/2UPE7Y2
via IFTTT

British Pound Drops Abruptly After News Prime Minister Moved to Intensive Care

News broke in the afternoon that United Kingdom’s Prime Minister, Boris Johnson was admitted to the intensive care unit as precautionary measure as his coronavirus symptoms worsened. GBPUSD reacted...

from DailyFX - Market News https://ift.tt/2UMgak3
via IFTTT

Dollar vs Mexican Peso Price Outlook: USD/MXN Fails at Key Resistance

Peso has plunged 23% YTD with the USD/MXN breakout taking price into resistance at fresh record highs. Here are the levels that matter on the weekly technical chart.

from DailyFX - Market News https://ift.tt/3c25uE1
via IFTTT

Gold Price Ascends as Stimulus Continues, March High Now in Focus

Gold has edged higher to start the week as central banks and governments continue to pump liquidity into the global economy. In turn, the metal’s March highs around $1,704 are within reach.

from DailyFX - Market News https://ift.tt/2Xc9n4Y
via IFTTT

Canadian Dollar Forecast: USD/CAD Consolidates, Big Move Ahead?

USD/CAD edges lower after surging more than 5% last month. As the US Dollar breakout takes a breather, can the Canadian Dollar extend its recovery or is USD/CAD price action headed back higher?

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