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
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Thursday, 28 May 2020
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.
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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...
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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.
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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?
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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.
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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?
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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.
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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.
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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?
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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.
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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.
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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?
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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.
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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?
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DAX Outlook: EC Proposes Ambitious Recovery Package, DAX Soars
DAX risk rally gains traction as European Commission proposes ambitious recovery fund package
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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.
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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.
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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.
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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.
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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...
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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...