Canadian Dollar Forecast: USD/CAD Primed for Reversal with Oil

The Canadian Dollar and USD/CAD price action could be due for a reversal as crude oil drops despite an OPEC+ deal and coronavirus recession risk lingers ahead of the Bank of Canada meeting.

from DailyFX - Market News https://ift.tt/2V0rskO
via IFTTT

Euro Forecast: EUR/USD Outlook Worsens as Aid Talks Accentuate Divisions

Last week’s squabbling between Eurozone finance ministers on how best to mitigate the economic impact of the coronavirus pandemic has weakened the long-term outlook for the Euro.

from DailyFX - Market News https://ift.tt/39Z604c
via IFTTT

Gold Price Rebound May Fizzle on Coronavirus Economic Impact

Gold prices managed a spirited recovery from 2020 lows as the Fed leaned in to keep shaky credit markets from triggering a credit crisis. That may not keep liquidation pressure at bay.

from DailyFX - Market News https://ift.tt/2xdU0hY
via IFTTT

Australian Dollar Looks Nervously Towards Official Jobless Count

The Australian Dollar has picked up strongly from its March lows but may not be able to maintain altitude this week.

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

Gold Prices May Reverse, US Dollar Sinks as Fed Juices Wall Street

Gold prices soared but XAU/USD is at risk to a reversal. The US Dollar sank as Fed stimulus offset ever-dismal economic data. Crude oil prices looked past OPEC+ cuts before Asia trade.

from DailyFX - Market News https://ift.tt/3c201wE
via IFTTT

Oil Forecast: OPEC+ Deal Dwarfed by Crude Oil Demand Woes

Crude oil price action just took a massive 20% spill from intraday highs. Commodity traders raced to hit the sell button considering the drop in global oil demand will likely trump the latest OPEC+...

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

Euro at Risk as North-South Political Rift Threatens Financial Stability

The Euro could face another round of aggressive selling pressure as regional policymakers continue to bicker on a unified approach to combating the coronavirus.

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

Canadian Dollar Price Outlook: Loonie Drop, USD/CAD Pop to 1.40 Test

USD/CAD has been on an aggressive ride of late, recently building into a descending triangle pattern, that may point to a deeper pullback.

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

Dow Jones, Nasdaq 100, S&P 500 Forecast: An Earnings Season Like None Other

This earnings season will stand in a league of its own as corporations grapple with an unprecedented threat to growth and economic activity. As a result, it may be a stock-pickers dream.

from DailyFX - Market News https://ift.tt/2y6cJM8
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/3c5SflD
via IFTTT

Dow Jones Soars, US Dollar Drops as Fed Announces Huge Loan Program

Federal Reserve provide a credit backdrop with a huge $2.3 trillion loan program. US Dollar drops.

from DailyFX - Market News https://ift.tt/2UX1r65
via IFTTT

Canadian Employment: 1010.7k Jobs lost in March – in Line with Recent Themes

This morning brought the release of net change in employment out of Canada to the tune of -1010.7k vs the expectation of -500k.

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

Bitcoin (BTC) Price: Rally Supported But Quickly Running Out of Steam

Bitcoin continues to edge higher but the daily chart shows the advance slowing. The supportive uptrend from mid-March may come under renewed pressure.

from DailyFX - Market News https://ift.tt/2yNb2DX
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/3c3gjWb
via IFTTT

EUR/GBP Price Nears Short-Term Support, Fractious Eurozone Negotiations Continue

With no agreement reached yet by the Eurozone on their latest coronavirus rescue plan, EUR/GBP may look to re-test a cluster of support levels.

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

British Pound (GBP) Latest: GBP/USD Edges Back to 1.24, EUR/GBP Stable

Sterling has moved back to 1.24 US Dollars in early European business Thursday as the BoE agrees to finance UK Government spending temporarily and Boris Johnson’s health improves.

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

US Dollar, Crude Oil May Rise on OPEC Meeting, Sentiment Data

The US Dollar may rise if sentiment data for April falls short of forecasts and pushes the highly-liquid Greenback higher. Reconciliation within OPEC could buoy crude oil prices.

from DailyFX - Market News https://ift.tt/2RlUnh4
via IFTTT

Gold Prices Up As Fateful Weekly US Jobless Claims Figure Looms

Gold prices found support in the wait for US employment data which hasbeen soaring for the past two weeks as coronavirus stifles the labor market.

from DailyFX - Market News https://ift.tt/3aWhN4u
via IFTTT

EUR/USD Susceptible to Range Bound Conditions Through Easter Holiday

EUR/USD may face range bound conditions through the Easter holiday as the exchange rate fails to extend the series of lower highs and lows from the previous week.

from DailyFX - Market News https://ift.tt/2Xldj3p
via IFTTT

Australian Dollar Slides as RBA Financial Review Flags Increased Risks

The Australian Dollar was already under pressure but wilted further as the RBA's financial review was forthright about likely coronavirus effects.

from DailyFX - Market News https://ift.tt/2RnnQY4
via IFTTT