Thursday, 7 May 2020

Nikkei 225 & USD/JPY Price Outlook for the Week Ahead

The Japanese Yen and Nikkei 225 have been melting higher in recent weeks following their precipitous decline in February and March. With key barriers nearby, can they continue higher?

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

USD/CAD Price Probes Key Trade Level Ahead of Monthly Jobs Report

USD/CAD dropped 200-pips from its intraday high recorded the previous session as the US Dollar drives lower to test a major technical support level ahead of monthly nonfarm payrolls data due for re...

from DailyFX - Market News https://ift.tt/3bdsU8n
via IFTTT

Hang Seng Index Forecast: Pressure to Continue for HS50 Stocks

Hong Kong's Hang Seng Index remains under pressure as the Asian financial hub's previous political headwinds are set to return. This comes after a brutal Q1 GDP reading amid the COVID-19 pandemic, ...

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

Bitcoin Breakout: BTC to Fresh Highs, Near 10k as PTJ Makes Bull Case

Bitcoin bulls have been waiting for drivers and another may have just appeared as one of the most widely-followed market technicians voiced support for cryptocurrencies in a note earlier today.

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

Euro Drops Below ECB Meeting Lows - Levels for EUR/JPY & EUR/USD Rates

The Euro has lost all of its gains since last week’s April ECB meeting. In the process, EUR/JPY rates have hit fresh yearly lows.

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

GBP/USD, EUR/GBP and GBP/AUD Outlooks and Charts

Sterling picked-up a bid after this morning’s Bank of England policy announcement but has faded lower into the US open. Support levels may be soon tested as the UK readies itself for a long weekend.

from DailyFX - Market News https://ift.tt/2yAM8aS
via IFTTT

Bitcoin (BTC) Rallying Towards a Two-Month High Ahead of Next Week's Halving

Bitcoin continues to push back towards multi-week highs as the clock ticks down on the latest halving event.

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

S&P 500 Outlook: Ominous Sign Appearing as US-China Tensions Rise

US-China tensions raising headline risk . S&P 500 upside capped at key resistance.

from DailyFX - Market News https://ift.tt/2A8u6x9
via IFTTT

Australian Dollar (AUD) Latest: Outlook Brighter on Strong Chinese Exports

The Australian Dollar, which is seen widely as a proxy for the Chinese economy, looks well placed to advance further after news of an unexpected increase in China’s exports last month.

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

Wednesday, 6 May 2020

BoE Policy Decision - GBP Picks Up But Central Bank Warns of Slumping Q2 GDP

The Bank of England left all policy levers untouched this morning but warned that UK GDP could slump by in Q2 and that unemployment may jump to 9% in the same period. Sterling rose by 30 pips again...

from DailyFX - Market News https://ift.tt/2SGF8jm
via IFTTT

GBP/USD May Fall as the Bank of England Strikes a Gloomy Tone

The British Pound may fall against the US Dollar if a gloomy tone from the Bank of England sets the stage for stimulus expansion and sours overall risk appetite.

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

Gold Prices Coiling Up for Breakout, Crude Oil Pierces Trend Top

Gold prices may be coiling up for a breakout higher while crude oil prices have broken resistance guiding them lower since the beginning of the year.

from DailyFX - Market News https://ift.tt/2SKEz8j
via IFTTT

AUD/USD Levels to Watch Following Failed Run at March High

The failed attempt to test the March high (0.6685) warns of a potential shift in AUD/USD behavior as the exchange rate snaps the upward trending channel from March.

from DailyFX - Market News https://ift.tt/3b8jISJ
via IFTTT

Copper Prices Could Offer Best Coronavirus-Recovery Steer

With oil prices wilting under the weight of their own market dynamics, and stock markets infectiously optimistic, could the key industrial metal be telling an important truth?

from DailyFX - Market News https://ift.tt/2A7rHTp
via IFTTT

NZD/USD Rate Vulnerable as Former Support Offers Resistance

NZD/USD may face a more bearish fate ahead of the RBNZ meeting on May 13 as the former support zone around 0.6170 to 0.6230 appears to be acting as resistance.

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

Japanese Yen Gains as S&P 500 Falls, Australian Dollar Vulnerable

The Japanese Yen rose as the S&P 500 fell after US private payrolls shrank by a record 20.2 million. Asia Pacific stock markets may fall, leaving the Australian Dollar at risk.

from DailyFX - Market News https://ift.tt/3fptao9
via IFTTT

GBP/USD Price Volatility Eyed by US Dollar; BoE & Jobs Data Loom

GBP/USD price action throttles lower ahead of the Bank of England and initial jobless claims scheduled for Thursday's trading session, which might fuel Pound Sterling to US Dollar volatility further.

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

Canadian Dollar Price Outlook: USD/CAD Re-Tests Fibonacci Resistance

Turbulence has led to mean reversion, but that may not last for long as both the US and Canada release jobs numbers on Friday. Buckle up.

from DailyFX - Market News https://ift.tt/2L5f4ub
via IFTTT

Stock Market Forecast: Should I Sell in May and Go Away?

Will the ‘sell in May and go away’ stock market anomaly come to fruition this year amid coronavirus recession risk and rekindled US-China trade war tension? Or will Fed balance sheet growth and fis...

from DailyFX - Market News https://ift.tt/2YF9VBa
via IFTTT

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...