Thursday, 28 May 2020

ASX 200 & Nikkei 225 Forecast: US-China Tensions Threaten Gains

ASX 200 and Nikkei 225 indexes face renewed headwinds from US-China tensions, as COVID-19 and Hong Kong troubles increase risks to global stability

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

Canadian Dollar Forecast: Support Breach May Lead to Further Losses

USD/CAD suffered a break beneath support earlier this week which may open the door to further losses in the days ahead.

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

AUD/USD Price Outlook: Australian Dollar Risk Reversals Slump

AUD/USD price action edges higher owing to steadfast appetite for risk despite the major threat that building China tension poses to the Australian Dollar and market sentiment, but a reversal may l...

from DailyFX - Market News https://ift.tt/2AkF2HP
via IFTTT

Gold Price Outlook: XAU Overbought as Cycles Drive the Bullish Trend

Gold prices remain perched near seven-year-highs but long-term overbought readings may hinder short-term bullish continuation.

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

Nasdaq 100 Price Outlook: Trading Range Remains Intact, Will it Break?

The Nasdaq 100 has long been the leader of the major US indices and may look to continue its melt higher as long as the ascending channel remains intact. What will create a break?

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

Euro Forecast: Key EUR/USD Levels to Watch on Symbolic EU Action

EU recovery fund proposal reduces sovereign risks. Eyes on Bund-BTP spread for Euro signal.

from DailyFX - Market News https://ift.tt/2X7hnDW
via IFTTT

Equity Markets Look Increasingly Fragile as US-China Tensions Escalate

The Chinese Parliament has just authorized a new security bill for Hong Kong, a move that is expected to draw a rapid response from the US. Will this temper stock market enthusiasm?

from DailyFX - Market News https://ift.tt/2M779gE
via IFTTT

British Pound (GBP) Latest: Brexit Increasingly a Focus for GBP/USD Price

GBP/USD will likely be buffeted increasingly in coming days by renewed talks between the UK and the EU on their post-Brexit relationship.

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

Wednesday, 27 May 2020

USD May Rise on Virus-Hit Q1 GDP Data & Jobless Claims Report

The US Dollar may catch a haven bid if secondary Q1 GDP data and jobless claims statistics rattle markets and puts a premium on anti-risk assets.

from DailyFX - Market News https://ift.tt/2zs5lfr
via IFTTT

Australian Dollar Analysis vs British Pound & New Zealand Dollar

GBP/AUD is trading within a critical support range just above a three-year uptrend as AUD/NZD retreats from five-year resistance. Is a selling streak ahead for both of these pairs?

from DailyFX - Market News https://ift.tt/2zrw7Vf
via IFTTT

New Zealand Dollar, NZD/USD Eye Uptrend Resumption. Dow Jones Gains

The sentiment-linked New Zealand Dollar is attempting to resume its dominant uptrend, but NZD/USD struggled to capitalize on a turnaround in the Dow Jones today.

from DailyFX - Market News https://ift.tt/2B9a5Hf
via IFTTT

US Dollar Eyes Rising China Tension as Jobless Claims Mount

US Dollar found support during Wednesday's trading session driven by rekindled safe-haven demand after Secretary of State Mike Pompeo declared Hong Kong no longer autonomous from China.

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

Nasdaq 100 Price Outlook: Trading Range Remains Intact, Will it Break?

The Nasdaq 100 has long been the leader of the major US indices and may look to continue its melt higher as long as the ascending channel remains intact. What will create a break?

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

Dow Rallies as Nasdaq 100 Drops - Swapping Trends or Topping Out?

For the past two months the Nasdaq 100 has handily outperformed the Dow but so far this week the script has flipped.

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

S&P 500 Forecast: Break Out or Fake Out?

The S&P 500 broke above 3,000 for the first time since March 6 as risk appetite appears to drive equities higher. Will the bullish breach spark a continuation rally or is this a false break?

from DailyFX - Market News https://ift.tt/2B8OOgP
via IFTTT

DAX Outlook: EC Proposes Ambitious Recovery Package, DAX Soars

DAX risk rally gains traction as European Commission proposes ambitious recovery fund package

from DailyFX - Market News https://ift.tt/2AbHJf2
via IFTTT

Crude Oil Prices Struggle Despite Market Cheer, Gold Aims Lower

Crude oil prices are struggling to find fuel for a push higher despite buoyant risk appetite across global financial markets. Gold prices may be set to fall below $1700/oz.

from DailyFX - Market News https://ift.tt/3d6E6FP
via IFTTT

EU to Unveil Covid-19 Recovery Fund Plan, Swiss Franc Sinking

The EU Commission will unveil its proposal for a regional recovery fund to counter economic pain amid the coronavirus outbreak. The Swiss Franc faces selling pressure.

from DailyFX - Market News https://ift.tt/2yF0siE
via IFTTT

US Dollar vs Mexican Peso Outlook: USD/MXN Remains Brittle After Sharp Sell-Off

The Mexican Peso hit its highest level against the US dollar in more than 10-weeks yesterday and in doing so tested an important support level.

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

British Pound (GBP) Latest: GBP/USD Price Breakout Imminent

GBP/USD continues to trade within a symmetrical triangle chart pattern but a breakout is close and the need for tight stops has therefore risen.

from DailyFX - Market News https://ift.tt/2ZEdOXl
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...