Friday, 8 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/3ck1xLa
via IFTTT

Australian Dollar Market Looks Nervously to Corvid-Hit Jobless Numbers

The Australian Dollar has risen sharply from its coronavirus-inspired March lows, but like all other growth correlated assets must now likely face some grim economic data.

from DailyFX - Market News https://ift.tt/2yG40kv
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/3dF8t6b
via IFTTT

Canadian Dollar Price Outlook: USD/CAD Weakness May Persist

The Canadian Dollar charged higher against its southern counterpart this week as market participants began to consider the possibility of negative interest rates in the United States.

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

EUR/USD, USD/JPY, DXY – USD Charts for Next Week

The Dollar remains stuck in limbo as it searches for a clear direction following the wild Q1 swings; some levels to watch in a couple of major currency pairs.

from DailyFX - Market News https://ift.tt/2WC7HQr
via IFTTT

US Dollar, Gold, Dow Jones React to Catastrophic NFP Report

US Dollar, Gold and Dow Jones respond to April 2020 NFP data that just crossed the wires, detailing a catastrophic rise in unemployment and plunge in nonfarm payrolls, as the coronavirus recession ...

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

USD/MXN – US Dollar Nearing a Tipping Point vs Mexican Peso

USD/MXN has been moving its way sideways for a while now, which after the Q1 rally appears to be bullish; but it needs to continue hanging in else view changes.

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

Crude Oil Prices Up Despite Catastrophic US Labor Data Expectations

The energy market seems to have made its peace with what are likely to be some of the very worst US employment numbers on record. Hopes for gradual lockdown repeals have kept prices up.

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

US Dollar Eyes Jobs Data, NIRP and US-China Trade Cheer Weigh

The US Dollar eyes what promises to be abysmal jobs data, courtesy of Covid-19 having dropped amid bets on negative interest rates and cooling US-China trade tensions.

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

Thursday, 7 May 2020

AUD/USD, ASX 200 Fixed on US Jobs Data as RBA Hints Low Rates to Stay

Australian assets didn't move much on a Reserve Bank of Australia Monetary Policy Statement which stuck to recent themes. Official US labor stats are coming up later, and markets are hunkered down ...

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

EUR/USD Tracks April Range Ahead of US Non-Farm Payrolls (NFP) Report

EUR/USD appears to be reversing course ahead of the April low (1.0727) as the exchange rate snaps the series of lower highs and lows from the previous week.

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

Canadian Dollar Eyes Support as Wall Street Rally Sinks the US Dollar

The Canadian Dollar rose as an upbeat Thursday pushed Wall Street higher and weakened the haven-linked US Dollar. Asia Pacific stocks may rise, perhaps boosting the Australian Dollar.

from DailyFX - Market News https://ift.tt/3bbvhJ2
via IFTTT

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

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...