British Pound (GBP) Latest: EUR/GBP Stable Despite German Court Ruling

The Euro is holding its ground against Sterling despite a German court ruling that the ECB must justify purchases under its bond-buying program or lose the Bundesbank as a participant.

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

Crude Oil Prices Edge Lower, US Inventory Rise Reignites Glut Fears

Crude oil prices have risen impressively as investors hope to see the global economy emerge from its Covid lockdown. However, supply levels remain elevated.

from DailyFX - Market News https://ift.tt/2L1g3M3
via IFTTT

EUR/USD Susceptible to Dovish ECB Guidance amid German Court Ruling

EUR/USD may continue to give back the advance from the April low (1.0727) as the ECB retains a dovish forward guidance following the German Constitutional Court ruling.

from DailyFX - Market News https://ift.tt/35HVC0c
via IFTTT

Dow Jones Selling Bets Fading, Will the Australian Dollar Sink?

Traders thirst to sell the Dow Jones has been fading as upside momentum on Wall Street has been slowing. This is as the sentiment-linked Australian Dollar could be at risk.

from DailyFX - Market News https://ift.tt/2SA7b4b
via IFTTT

Silver Lags Gold as Covid Haven Thanks to Much Higher Industrial Demand

Silver and gold are both precious metals but their status as financial assets is markedly different. All the same, the price ratio between them is now extremely high.

from DailyFX - Market News https://ift.tt/2YDY1aL
via IFTTT

USD/CAD Rebound from April Low Unravels Ahead of Canada Employment

The Canadian Dollar may face headwinds later this week as the update to Canada’s Employment report is anticipated to show a 4.25 million contraction in April.

from DailyFX - Market News https://ift.tt/35AvEvg
via IFTTT

New Zealand Dollar Struggles Despite Rosy Jobs Data, S&P 500 Wobbles

The New Zealand Dollar struggled despite rosy jobs data all things considered. NZD/USD’s focus likely remains on risk trends, stocks on Wall Street trimmed most of their gains today.

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

Nasdaq 100 Forecast for the Week Ahead, Unemployment to Soar?

The Nasdaq has recovered after stumbling to start the month, shifting its focus to levels that coincide with prior swing highs. Still, looming jobs data could derail the recovery.

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

S&P 500 Jumps, VIX Sinks Amid Volatility Squeeze; Will it Last?

S&P 500 price outlook has improved as cross-asset volatility benchmarks normalize from financial crisis highs, but VIX term structure suggests investor uncertainty still hangs around extremes.

from DailyFX - Market News https://ift.tt/2W63q8x
via IFTTT

FTSE 100 Forecast Ahead of the Bank of England Rate Decision

The FTSE 100 will look to the upcoming rate decision from the Bank of England as it attempts to break above various technical levels overhead.

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

Chinese Yuan (CNH) Poses Risks to AUD/USD & NZD/USD - Cross Asset Correlation

US steps up hawkish rhetoric towards China highlighting the rising US election risk. Chinese Yuan to become increasingly in focus.

from DailyFX - Market News https://ift.tt/2xzby8a
via IFTTT

US Dollar Rises as ISM NMI Drops to 2009 Low

The ISM NMI dropped to a 2009 low for this past April. Despite the troubling economic data print, the US Dollar pushed higher after the report crossed the wires.

from DailyFX - Market News https://ift.tt/2W47kyX
via IFTTT

EUR/GBP Slides Through Initial Support as Euro Worries Mount

EUR/GBP is setting up to test 0.8700 on a combination of Euro weakness and Sterling strength. Important support nears and will have to stand firm to prop up the ailing pair.

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

EUR/USD, USD/CAD Charts & Technical Outlook, and More

The Euro remains heavy as it trades around a very long-term technical threshold, USD/CAD remains firm as it digests Q1 rally.

from DailyFX - Market News https://ift.tt/3fp4rQG
via IFTTT

EUR/USD Hit as Germany Rules That ECB Actions are Against EU Treaty

German Judges dismisses complaints against ECB QE, however, rules that some actions are against EU Treaty.

from DailyFX - Market News https://ift.tt/3b8quYC
via IFTTT

Gold Price Struggles as Risk Assets Begin to Shine, Trading Range Tightens

The price of gold is back under $1,700/oz. as markets switch their attention to riskier asset classes. A bid for gold however remains as central banks keep pumping cash into the system.

from DailyFX - Market News https://ift.tt/2zXQ45L
via IFTTT

British Pound (GBP) Latest: GBP/USD Boosted by Lockdown Hopes

GBP/USD is edging higher as risk assets rise on hopes that the Covid-19 lockdowns will be eased soon in more countries, but caution is called for ahead of Thursday’s Bank of England policy meeting.

from DailyFX - Market News https://ift.tt/3b5E1jy
via IFTTT

Euro at Risk as German Court Weighs ECB QE Program

The Euro is at risk as Germany’s constitutional court weighs on the ECB’s QE effort. If it rules against the central bank, the single currency may suffer alongside broader risk appetite.

from DailyFX - Market News https://ift.tt/2YH4W2C
via IFTTT

Australian Dollar Steady, RBA Leaves Rates On Hold As Expected

The Australian Dollar was well prepared for the RBA's May rate call which leaves the Official Cash Rate at 0.25%. The central bank acknowledged an ongoing economic threat from coronavirus but point...

from DailyFX - Market News https://ift.tt/2YDFfA7
via IFTTT

Gold Prices Down As Many Countries Weigh Covid Lockdown Rollback

Gold prices fell victim to better overall risk appetite as the prospect of a return to economic life gave investors heart. However, uncertainties remain and the market looks well supported.

from DailyFX - Market News https://ift.tt/35HSqlj
via IFTTT