USD/CAD appears to be on track to snap the monthly range following the FOMC meeting as the exchange rate extends the series of lower highs and lows from earlier this week.
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Wednesday, 29 April 2020
Wall Street, Gold Prices Rise as US Dollar Sinks Despite 2008-Low GDP
Wall Street’s best day in over 3 weeks sunk the haven-linked US Dollar as anti-fiat gold prices rose. A virus drug trial, the Fed and rosy tech earnings overshadowed 11-year-low GDP.
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US Dollar Chart Setups Post-FOMC: DXY Index, EUR/USD & AUD/USD
US Dollar slid further after the FOMC meeting press statement release crossed the wires and as traders digested commentary from Fed Chair Powell. Where is the DXY Index, EUR/USD and AUD/USD price a...
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S&P 500 Price Outlook: Sentiment to be Bolstered by Strong Earnings
Earnings from Microsoft, Facebook and Tesla will play their part in influencing the S&P 500 on Thursday after the three firms reported a series of upbeat results.
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Dow Jones Index Remains near Session Highs on FOMC Rate Decision
The Dow Jones Index remained near session highs Wednesday afternoon as the Fed's FOMC meeting concluded in Washington D.C. leaving rates unchanged, as expected
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Fed Preview: US Dollar, Dow & Gold Performance on FOMC Decision Days
The latest FOMC interest rate decision is due for release today at 18:00 GMT. How have Fed meetings historically impacted performance in the US Dollar, Dow Jones and spot gold?
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US Dollar Gyrates on Sharpest GDP Contraction in Decades
US GDP contracted at the sharpest pace in decades as the COVID-19 pandemic hampered the economy
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Dow Jones, DAX 30, Gold Price Charts to Watch & More
Stocks remain strong and could in the near-term before running into key levels, gold is still working on a consolidation pattern.
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USD/MXN - Mexican Peso vs US Dollar, Peso at a Turning Point?
Mexican Peso pushes as risk sentiment improves, while month-end USD selling also adds to Peso gains.
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USD/CAD Price Nears Support Ahead of FOMC Meeting, US Q1 GDP
The recent USD/CAD sell-off continues with a series of lower highs driving sentiment. Near-term support is close but today’s FOMC meeting is likely to decide the next move for USD/CAD.
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British Pound (GBP) Latest: Wave of Optimism Boosts GBP/USD, FTSE 100
GBP/USD and the FTSE 100 are both benefiting from an easing of coronavirus lockdowns, hopes the epidemic may be near its peak and a rally in risk assets generally.
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US Dollar May Rise on FOMC, Virus-Shaken US GDP Data
The US Dollar may rise if the FOMC rate decision and US GDP data put a premium on haven-linked assets amid concerns of a deep and prolonged virus-induced recession.
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Tuesday, 28 April 2020
Crude Oil Prices Rise With Risk Appetite As Markets Hope for Dovish Fed
Crude oil prices got a lift as financial markets in general felt a little better. Coronavirus lockdowns are being rolled back and heavy stimulus is in place
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Gold Price Outlook Hinges on Federal Reserve Interest Rate Decision
The Federal Reserve interest rate decision may influence the price of gold over the coming days as the central bank relies on its balance sheet to support the US economy.
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Dow Jones, FTSE 100, DAX 30 Outlook: Retail Investors Selling Again?
Short exposure to stock indexes such as the Dow Jones, FTSE 100 and DAX 30 has been rising and they have been slowly climbing. What is the contrarian outlook from here?
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Australian Dollar Ticks Up As Inflation Rises, Virus likely Blunts Impact
The Australian Dollar gained a little on news that consumer price inflation rose markedly in the first quarter, returning to its target band, even though interest rates are likely stuck at low levels.
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NZD/USD April Range Intact as New Zealand Eases Nationwide Lockdown
NZD/USD may face range-bound conditions going into May as it reverses course ahead of the monthly low (0.5843) and extends the rebound from the previous week.
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Japanese Yen Breakout Versus US Dollar in Focus as Stocks Wobbled
The Japanese Yen may be breaking out against the US Dollar after almost a month of consolidation. This follows a rather choppy session for global equities as Wall Street fell.
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AUD/USD Climbs, US Dollar Drops Ahead of the Fed & GDP Data
US Dollar has dropped over the last three-consecutive trading sessions as market participants pressure the DXY Index. Can AUD/USD price action extend recent gains with the Fed and US GDP data on deck?
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Dow Jones Price Outlook: High-Profile Earnings Highlight Coronavirus Impact
A series of high-profile earnings results from Alphabet, AMD, and Ford were reported on Tuesday with a varying degree of impact from coronavirus.
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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference
The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...
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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...