Monday, 11 May 2020

Nasdaq 100 Rallies to Fresh Highs as the Dow Deals with Resistance

The Nasdaq 100 has re-entered positive territory for 2020 following a whopping 41% rally from the March lows.

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

Canadian Dollar Price Outlook: USD/CAD Battles the Big Figure 1.4000

After a massive move in March, USD/CAD has spent the past month in a bout of mean reversion.

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

AUD/USD Price Outlook: US Dollar Reverses on Powell Speculation

AUD/USD price action edges lower as the US Dollar strengthens with Fed Chair Powell expected to comment on negative interest rate policy at a scheduled speech later this week.

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

FX Week Ahead - Top 5 Events: May RBNZ Meeting & NZD/USD Rate Forecast

The Reserve Bank of New Zealand meets on Wednesday, May 13 at 02:00 GMT; rates markets are pricing in a 12% chance of a 25-bps rate cut.

from DailyFX - Market News https://ift.tt/2Lg89yv
via IFTTT

DAX 30 Forecast: Index Threatens Range Break Out, Awaits GDP

The DAX 30 has traded sideways since early April, establishing little progress in either direction. Trading near the topside of its range, can the index break out?

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

Top 5 Events: April US Inflation Report & USD/JPY Rate Forecast

The April US inflation report (consumer price index) is due out on Tuesday, May 12 at 12:30 GMT, and the data are expected to show a sharp pullback in price pressures.

from DailyFX - Market News https://ift.tt/3dxC7Kk
via IFTTT

Markets Week Ahead: US Dollar, Crude Oil Prices, Dow Jones, Fed, RBNZ

The US Dollar trimmed gains as the Dow Jones and crude oil prices rallied into the weekend. Investors continue brushing aside the present for the future. In the background, the Fed is slowing the p...

from DailyFX - Market News https://ift.tt/2Wny91h
via IFTTT

GBP/USD, EUR/GBP Outlooks, UK Q1 GDP Nears - Weekly UK Webinar

UK PM Boris Johnson needs to clarify Sunday’s address to the nation on how and when the UK will come out of lockdown. Brexit talks re-start today while on Wednesday the first look at the devastatio...

from DailyFX - Market News https://ift.tt/2xS3mAd
via IFTTT

Bitcoin (BTC) Price Action Volatile With Halving Imminent

Bitcoin’s volatility has returned with vengeance over the last few days with a near $2,000 trading range made between Friday’s high and Sunday’s low.

from DailyFX - Market News https://ift.tt/2zoUi6e
via IFTTT

British Pound (GBP) Latest: GBP/USD Stalls Ahead of Lockdown Unwind Details and Brexit Talks

Sterling has opened the week flat and may struggle to make a decisive break as traders wait for UK PM Johnson to release his COVID-19 unwind proposals, while UK/EU trade talks re-start this afternoon.

from DailyFX - Market News https://ift.tt/3dxAZq8
via IFTTT

Yen, US Dollar Drop as PBOC Hints China to Boost Stimulus

The Japanese Yen and US Dollar fell while stocks rose as China’s central bank hinted it was preparing to expand stimulus to counter the impact of the Covid-19 outbreak.

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

Sunday, 10 May 2020

Crude Oil Prices Pare Early Losses on Hopes of Economic Reopening

Crude oil prices took an early hit on fears of second-wave coronavirus infections in various countries. However, broad risk appetite revival saw prices head back up.

from DailyFX - Market News https://ift.tt/2LlDe3y
via IFTTT

Gold Price Consolidation Unfazed by NFP Report, Dovish Fed Rhetoric

The price of gold may continue to consolidate following the failed attempt to test the November 2012 high ($1754) as the RSI preserves the bearish formation from April.

from DailyFX - Market News https://ift.tt/2yBgZ7l
via IFTTT

Bitcoin Price: How Will Halving, Coronavirus Affect BTC?

Bitcoin prices may see a pickup in volatility ahead of the 2020 halving as the coronavirus pandemic threatens to disrupt cross-continental BTC mining operations.

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

US Dollar Fundamental Forecast: USD/SGD, USD/IDR, USD/MYR, USD/PHP

The US Dollar focuses on external event risk against ASEAN currencies such as the Singapore Dollar, Indonesian Rupiah, Malaysian Ringgit and Philippine Peso. What is in store ahead?

from DailyFX - Market News https://ift.tt/2WEeGs0
via IFTTT

AUD/USD Rate to Face Record Drop in Australia Employment



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

Australian Dollar Eyes Resistance After Push in the Dow Jones

The Australian Dollar ended Friday on an upbeat along with the Dow Jones as sentiment improved. Still, AUD/USD faces what seems to be a formidable range of resistance ahead.

from DailyFX - Market News https://ift.tt/2zr7rvw
via IFTTT

Markets Week Ahead: US Dollar, Crude Oil Prices, Dow Jones, Fed, RBNZ

The US Dollar trimmed gains as the Dow Jones and crude oil prices rallied into the weekend. Investors continue brushing aside the present for the future. In the background, the Fed is slowing the p...

from DailyFX - Market News https://ift.tt/3bdPON2
via IFTTT

Dow Jones, DAX 30 & ASX 200 Forecasts for the Week Ahead

Global equity markets weathered two important central bank decisions last week, but more lie ahead and economic data continues to deteriorate. Will volatility reemerge?

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

Saturday, 9 May 2020

Gold Price Forecast Hinges on Fed Rhetoric, Trade Deal Drama

Gold price outlook remains favorable, but the precious metal might face bearish headwinds if an upcoming speech from Fed Chair Powell downplays the prospect of negative interest rates, or if US-Chi...

from DailyFX - Market News https://ift.tt/3blcj2q
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...