DAX 30 Outlook: Stimulus Outweighs China Second Wave Risks For Now

Central bank largesse sees risk appetite supported, despite rising geopolitical and second wave virus concerns.

from DailyFX - Market News https://ift.tt/2YI5iof
via IFTTT

British Pound (GBP) Latest: GBP/USD Steady Ahead of Bank of England Meeting

GBP/USD is stable despite news of a fall in UK inflation to a four-year low and will likely tread water ahead of the Bank of England’s latest monetary policy decisions due Thursday.

from DailyFX - Market News https://ift.tt/3htWT0a
via IFTTT

GBP/JPY Eyes Monthly Low as COVID-19 Concerns Fuel Risk Aversion

GBP/JPY may continue to retreat from post-crisis highs, as second wave concerns and China-India tensions fuel risk aversion.

from DailyFX - Market News https://ift.tt/2CiLz7f
via IFTTT

Gold Price Holds Steady as Fed Pledges to Purchase at ‘Current Pace’

Current market conditions may keep the price of gold afloat as Fed Chairman Jerome Powell pledges to increase the central bank balance sheet over the coming months.

from DailyFX - Market News https://ift.tt/2YGah8Z
via IFTTT

Indian Rupee Eyes China-India Border Dispute, Nifty 50 at Risk

The Indian Rupee eyes escalating China-India tensions along a disputed border. USD/INRcleared key resistance, opening the door to further gains. Will the Nifty 50 fall?

from DailyFX - Market News https://ift.tt/2Ybg1bT
via IFTTT

Crude Oil Price Rise Capped By Fed's Powell, Chart Warns of Topping

Crude oil prices backtracked as Fed Chair Jerome Powell cooled hopes for a near-term expansion of the US central bank’s stimulus menu. More of the same may be ahead.

from DailyFX - Market News https://ift.tt/3fx7c1L
via IFTTT

Nikkei 225 and ASX 200 Break Uptrends, HSI Reverses At Resistance

The return of risk aversion has seen the ASX 200 and Nikkei 225 slice through their respective 12-week uptrends, as Hong Kong's Hang Seng Index falls just shy of the 200-day moving average.

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

AUD/USD Rate to Face Another Sharp Decline in Australia Employment

The update to Australia’s Employment report may influence AUD/USD as the economy is expected to shed 125K job in May.

from DailyFX - Market News https://ift.tt/37BvJQs
via IFTTT

USD Rose on Powell Speech & May Extend Gains on Asian Political Risks

The US Dollar may extend its gains into APAC trade after being catapulted by Powell’s testimony. Regional geopolitical tensions could accelerate AUD/USD’s selloff.

from DailyFX - Market News https://ift.tt/2Y9kv2B
via IFTTT

Euro Stoxx 50 Forecast: Bulls Aim Higher on Improving Global Risk Appetite

The Euro Stoxx 50 index aims to take out a recent multi-month high as bulls look to take advantage of recent momentum afforded by a resurgence in global risk appetite

from DailyFX - Market News https://ift.tt/2YEju1G
via IFTTT

Nasdaq 100 Forecast for the Week: Technical Patterns Weakened

A surge in volatility has worked to erode a crucial technical pattern after price broke above and below the confines of an ascending channel. Is the damage a sign of rising instability?

from DailyFX - Market News https://ift.tt/2YGh4iP
via IFTTT

Canadian Dollar Price Outlook: USD/CAD Bucks Trend, Can Bulls Drive?

USD/CAD has mirrored USD-themes well over the past couple of months and a recent breakdown in the pair remains in full view with possibly more to go.

from DailyFX - Market News https://ift.tt/2C7AoOo
via IFTTT

Dow Jones Index Trims Gains as Fed Chair Powell Briefs Congress

Dow Jones index strength stepped back as Fed Chair Powell delivered his semi-annual address to congress Tuesday morning

from DailyFX - Market News https://ift.tt/37B75zF
via IFTTT

S&P 500, AUD/USD Drops as China Raises Coronavirus Threat Level

Second wave concerns rise as China raises Coronavirus threat level and plan school closures from tomorrow.

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

Central Bank Watch: RBA, RBNZ, & BOC Interest Rate Expectations

As the global economy inches towards recovery, the commodity currencies have enjoyed significant gains. Are we out of the woods?

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

Market Sentiment Data Bullish for USD, JPY, CHF | Webinar

IG client sentiment data are pointing to a flow of funds out of riskier assets towards safe havens such as the US Dollar, the Japanese Yen and the Swiss Franc.

from DailyFX - Market News https://ift.tt/2Y6eCTO
via IFTTT

EUR/USD, USD Index, Gold Charts & More

The Euro is at an important spot here, DXY at support, while gold continues a nice consolidation sequence.

from DailyFX - Market News https://ift.tt/3e58Mru
via IFTTT

EUR/USD Trendless as Markets Wait for Fed Chair Jerome Powell's Semi-Annual Testimony

EUR/USD is treading water ahead of the latest look at US consumer spending and Fed chair Jerome Powell’s testimony to Congress.

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

Gold Prices May Fall as Fed Chair Powell Testifies in Congress

Gold prices may fall if Federal Reserve Chair Jerome Powell strikes an ominous tone with his semi-annual testimony in the Senate, triggering liquidation.

from DailyFX - Market News https://ift.tt/2N1phJh
via IFTTT

FTSE MIB, IBEX 35 Outlook: Recovery Facing Upcoming Hurdles

FTSE MIB and IBEX 35 rebound from last week’s sell-off, however, upside challenges remain.

from DailyFX - Market News https://ift.tt/37Ad7QW
via IFTTT