EUR Technical Analysis: Euro Supported, EUR/USD Builds Falling Wedge

Euro strength has been on its back foot since last week's FOMC meeting. Can bulls come into defend a key zone of support in EUR/USD?

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US Recession Watch, June 2020 - The Deceitful US Yield Curve

Ongoing stimulus efforts by the Federal Reserve to head off the economic fallout from the coronavirus pandemic have implicitly tamped down the US Treasury yield curve.

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DAX 30 & CAC 40 Price Forecast Tied to Nearby Fibonacci Levels

The DAX 30 and CAC 40 have bounced between two nearby Fibonacci levels as both indices struggle to establish a trend, but the levels may provide range trading opportunities.

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US Dollar Stages Rebound as VIX ‘Fear-Gauge’ Climbs, Dow Slumps

The US Dollar continues to show encouraging signs that a potential bottoming attempt might be in play as the VIX Index, or Wall Street fear-gauge, starts to edge higher while stocks lose upward mom...

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Bank of England Boosts QE by GBP100bn, GBP/USD Spikes Higher Then Calms

The Bank of England left interest rates unchanged at 0.1%, by a unanimous vote, and increased its QE program by another GBP100 billion and suggested that risky assets prices have recovered further ...

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FTSE 100 Outlook: BoE to Provide Liquidty Boost in QE Package

Bank of England to provide fresh liquidity injection with a greater risk of a larger than expected QE package.

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British Pound (GBP) Latest: Next GBP/USD Move Depends on Bank of England

Traders in GBP/USD and other Sterling assets should watch the Bank of England closely this session. More QE is expected, and the rise in asset purchases could be larger than the consensus forecast.

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GBP/USD Treading Water as Investors Eye BoE Rate Decision

GBP/USD is in danger of breaking down as focus turns to the Bank of England (BoE) interest rate decision.

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EUR/USD Rate Struggles Ahead of EU Meeting on European Recovery Fund

EUR/USD dips to a freshly weekly low ahead of the EU meeting on June 19, with the agenda focused on “establishing a recovery fund to respond to the COVID-19 crisis.”

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AUD/USD Plunges as Australia Unemployment Rate Jumps to 19-Year High

The Australian Dollar plunged as the local economy shed 227,000 jobs and the unemployment rate rose to a 19-year high of 7.1%.

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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?

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USD/CAD Reversal from March Low Still in Focus Following BoC Testimony

The limited reaction to the Bank of Canada (BoC) testimony raises the scope for a larger correction in USD/CAD as the exchange rate reverses at the March low (1.3315).

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NZD Falls on GDP Data, Australian Dollar Braces for Key Jobs Report

The New Zealand Dollar fell after local GDP data underwhelmed Looking ahead, AUD is bracing for a key domestic jobs report – will the statistics cause selling pressure to swell?

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Dow Jones, S&P 500 Price Outlook Hinge on Jobless Claims Data Due

The Dow Jones and S&P 500 stumbled ahead of Thursday’s trading session as investor appetite for risk stalls with weekly jobless claims data due for release. What’s the stock market’s next move?

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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?

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Gold Price Outlook: Gold Holds Below Key Resistance, Range Remains

Despite the fireworks in equities Gold prices have remained fairly calm over the past couple of months. Is that set to soon change?

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US Dollar Stages Rebound as VIX ‘Fear-Gauge’ Climbs, Dow Slumps

The US Dollar continues to show encouraging signs that a potential bottoming attempt might be in play as the VIX Index, or Wall Street fear-gauge, starts to edge higher while stocks lose upward mom...

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EUR/USD, EUR/JPY Rallies Infeebled by Virus Headlines - Key Levels

Resurgent fears of a new coronavirus wave have kneecapped the Euro.

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S&P 500, Nasdaq 100, Silver & More: Index & Commodity Charts

The stock market is bouncing from support, but still determining whether a pullback or if more weakness to come; silver trying to lift from support.

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Canadian Dollar Outlook: USD/CAD Probing 200-DMA Support Again

USD/CAD is testing support off the 200-day moving average, an indicator that has underpinned the pair over the last 14 weeks. A clean break below could see USD/CAD losses mount.

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