S&P 500 Forecast: Crude Oil Price Rebound Sees Energy Gains Pace Tech

Crude oil has rebounded significantly this month after momentarily slipping into negative territory in late April. Similarly, stocks in the S&P 500 energy sector have outperformed other industries.

from DailyFX - Market News https://ift.tt/2ThL5DQ
via IFTTT

Gold Price Outlook: GLD Fresh High as Powell Says FOMC Has 'No Limit'

Gold prices set another fresh seven-year-high after this week's open, and with a loose and passive FOMC, there may be more room to run.

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

EUR/USD Rips Higher as 500bln Euro Recovery Fund Gives EU Hope

EUR/USD price action explodes higher as the Euro surges in response to a joint proposal from French and German leaders Macron and Merkel offering a 500 billion coronavirus recovery fund to EU count...

from DailyFX - Market News https://ift.tt/2TeObZ5
via IFTTT

Markets Weekly Outlook: Dow Jones, Gold Prices, US Dollar, Fed, Earnings

The Dow Jones and S&P 500 weakened as gold prices and the US Dollar gained last week. Will risk aversion pickup in momentum ahead? Eyes turn to the Federal Reserve, European sentiment and US retail...

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

GBP/USD, EUR/GBP and FTSE 100 Latest - UK Market Webinar

GBP/USD and EUR/GBP both broke out of multi-week ranges at the end of last week but need to consolidate before the next move. The FTSE 100 is pushing higher on a general risk-on theme.

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

Japanese Yen Forecast: Key USD/JPY Levels to Watch

Soft start to the week for the Japanese Yen. However, negative macro risks keep USD/JPY downside bias intact.

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

British Pound (GBP) Latest: GBP/USD Under Pressure, EU-UK Trade Talks Need a Reboot

Trade talks between the EU and the UK are becoming increasingly fractured and with the June 31 extension deadline nearing, both sides need to push forward. Weekend commentary from BoE chief economi...

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

British Pound Feeling Familiar Pain of Brexit as Covid-19 Takes its Toll

The British Pound’s sensitivity to political risk is returning as GBP suffers from the UK’s internal fragmentation and renewed concerns about Brexit amid the coronavirus pandemic.

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

Crude Oil Prices Hit One-Month Highs On Economic Re-Start Hopes

Crude oil prices found continuing support from investors looking to the gradual re-opening of Covid-hit economies, along with production cuts.

from DailyFX - Market News https://ift.tt/36deLqT
via IFTTT

Gold Price Forecast: Breakout Pushes RSI Towards Overbought Territory

The break above the November 2012 high ($1754) may keep the price of gold afloat as the Relative Strength Index (RSI) approaches overbought territory.

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

US Dollar on Offense? SGD, IDR, PHP, MYR Fundamental Outlook

Is the US Dollar ready to rise against currencies such as the Singapore Dollar, Indonesian Rupiah and Philippine Peso? FOMC minutes, US-China tensions and fiscal stimulus are eyed.

from DailyFX - Market News https://ift.tt/36aF9Sn
via IFTTT

NZD/USD Rate Eyes April Low Ahead of New Zealand Retail Sales Report

NZD/USD may continue to give back the advance from the April low (0.5843) as the update to New Zealand’s Retail Sales report is expected to show a 1.5% contraction.

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

US Dollar May Rise on Powell Testimony, FOMC & ECB Minutes: Covid-19 in Focus

US Dollar may rise versus the Euro and British Pound ahead of Powell’s testimony, the release of the FOMC and ECB minutes amid renewed Brexit risks.

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

British Pound Slumped Post Brexit Talks, GBP/USD Eyeing Reversal?

The British Pound slumped as Brexit talks failed to find progress, opening the door for a GBP/USD reversal after support was cleared. Ahead, the Yen faces Japanese GDP data.

from DailyFX - Market News https://ift.tt/3cBR7H0
via IFTTT

Markets Weekly Outlook: Dow Jones, Gold Prices, US Dollar, Fed, Earnings

The Dow Jones and S&P 500 weakened as gold prices and the US Dollar gained last week. Will risk aversion pickup in momentum ahead? Eyes turn to the Federal Reserve, European sentiment and US retail...

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

S&P 500, DAX 30 and FTSE 100 Forecasts for the Week Ahead

US-China Tensions Added to Macro Risks. Europe underperforms, while the UK digest Brexit Deadlock

from DailyFX - Market News https://ift.tt/3fX4VxX
via IFTTT

USD/MXN Outlook: Another Rate Cut Sees Mexican Peso Resilience

Banxico has applied another 50 bps cut showing that they have ample room to apply further downgrades

from DailyFX - Market News https://ift.tt/2WBlw2w
via IFTTT

Euro Forecast: Outlook for EUR/USD Increasingly Bearish

The Euro continues to trade in a narrow range against the US Dollar but a break to the downside is looking more and more likely.

from DailyFX - Market News https://ift.tt/3dR1eb0
via IFTTT

Gold Prices Yearn for Momentum, Will XAU/USD Rally Fizzle or Takeoff?

Gold prices seem torn between the US Dollar and Treasury yields. Upside momentum has been somewhat lackluster since mid-April, will XAU/USD find some meaningful traction ahead?

from DailyFX - Market News https://ift.tt/2WzEV44
via IFTTT

US Dollar Forecast: Fed Says No to NIRP, China Tension Flares

Following a recent consolidation in the DXY Index, US Dollar price outlook grows more upbeat as Fed Chair Powell dismisses negative interest rate policy and US-China trade tension spurs USD demand.

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