Russell 2000 Bests Nasdaq Rally, Bonds Plunge on ADP & PMI Data

The reflation trade accelerates as Russell 2000 Index price action surges, outpacing tech stock stalwarts in the Nasdaq. Bonds swoon driven by encouraging ADP employment, ISM Services PMI data.

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

US Dollar Forecast: Significant Technical Damage Sustained - Levels for DXY Index & USD/JPY

The US Dollar (via the DXY Index) has quickly exited its multi-month consolidation to the downside, but one pair has largely been absent from the move.

from DailyFX - Market News https://ift.tt/2U69Ovj
via IFTTT

Canadian Dollar Treads Higher on BOC Rate Decision

The Bank of Canada left its benchmark overnight interest rate unchanged at 0.25%, as expected, sending USD/CAD lower on Canadian Dollar strength

from DailyFX - Market News https://ift.tt/3dwQ9fD
via IFTTT

Dow Jones, Copper & More: Index & Commodity Charts to Watch & More

The Dow continues to work its way towards the 200-day MA along with global stock market strength, the price of copper rising too into major resistance.

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

EUR/USD Running Higher as Risk-On Sentiment Presses Down on the US Dollar

The Euro rally against the US dollar continues to push the pair higher, breaking resistance levels with ease. Recent PMI data however continues to suggest that the Euro-Zone recovery will be protra...

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

US Dollar Out of Favour, Global Risk Rally in Full Swing - Cross Asset Correlation

Relentless global risk rally while US Dollar slides as investors seek alternative assets.

from DailyFX - Market News https://ift.tt/3cA3CCk
via IFTTT

British Pound (GBP) Latest: Few Signs Yet of End to GBP/USD Strength

GBP/USD continues to climb with other “risk on” assets on hopes of a global economic recovery. At some point there will be a retracement but for now the trend remains upwards.

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

GBP/USD Faces a Familiar Foe While Merkel Pushes For Stimulus

GBP/USD remains confined within a bullish continuation pattern, while German Chancellor Merkel’s push for fiscal stimulus propels Euro higher.

from DailyFX - Market News https://ift.tt/3dy75Cw
via IFTTT

EUR/USD Rate Outlook Hinges on European Central Bank (ECB) Meeting

The European Central Bank (ECB) meeting may rattle the recent appreciation in EUR/USD if the Governing Council takes additional steps to support the monetary union.

from DailyFX - Market News https://ift.tt/3cuQ0YI
via IFTTT

Indian Rupee, Nifty 50 Outlook: Technical Levels Pressured, Risks Brew

Are recent gains in the Indian Rupee and Nifty 50 warranted? Risks are brewing in the background, leaving USD/INR in a consolidative setting as the Nifty pressures resistance.

from DailyFX - Market News https://ift.tt/2BtUS3J
via IFTTT

Australian Dollar Dips as 1Q GDP Contraction Ends Record Growth Period

The Australian Dollar pulls back from January highs as the 1Q GDP report for 2020 signals an end to Australia’s record period of economic growth.

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

New Zealand Dollar Technical Outlook vs Japanese Yen & British Pound

NZD/JPY continues to surge as it aims to challenge a critical inflection range while GBP/NZD flirts with key support and the prospect of aggravated selling pressure.

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

Gold Price Levels to Watch Ahead of US Non-Farm Payrolls (NFP) Report

The price of gold may exhibit a bullish behavior ahead of the US NFP report as the pullback from the yearly high ($1765) reverses ahead of the May low ($1670).

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

AUD/JPY May Rally With Stocks in Asia, Australian GDP in Focus

The Australian Dollar may extend its gains versus the Japanese Yen ahead of the release of Australian GDP data. Sentiment may also help push APAC stocks higher despite geopolitical strains.

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

S&P 500 Forecast: Stocks Face Peril as Day of Reckoning Looms

Stocks continue to surge and propel the S&P 500 Index within striking distance of record highs as bullish equity investors overlook threats from US-China tension escalating, double-digit unemployme...

from DailyFX - Market News https://ift.tt/2Ay5bmK
via IFTTT

Canadian Dollar Forecast: USD/CAD Extends Losses as Dollar Weakens

After suffering a break beneath support last week, USD/CAD continued lower and may suffer further losses in the days ahead as it grasps for support.

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

US Dollar Spiking Lower Ahead of Services PMI & Jobs Data Due

The US Dollar keeps bleeding lower and sets the DXY Index on pace for its six-straight day of downside as USD price action weakens notably against major peers like the EUR, GBP, AUD and CAD ahead o...

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

Dow Jones, Nasdaq 100, S&P 500 Forecasts: What is Fueling the Rally?

The US stock market has moved within reach of all-time highs as equities look to reclaim ground that was lost during the coronavirus crash. Is such a rebound warranted, and what is the driver?

from DailyFX - Market News https://ift.tt/2zUwA2k
via IFTTT

Dollar vs Mexican Peso Technical Outlook: USD/MXN Breakdown Levels

Mexican Peso surged more than 15% against the US Dollar with USD/MXN breaking to multi-monthly lows today. Here are the levels that matter on the technical charts.

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

Trading Sentiment Upbeat for EUR/USD, GBP/USD, AUD/USD | Webinar

Traders are increasingly confident that the global economic recovery from the coronavirus pandemic will be swift and solid but they may be underestimating the risks posed by the turmoil in the US.

from DailyFX - Market News https://ift.tt/2MlWz5h
via IFTTT