Tuesday, 23 June 2020

DAX 30, Euro Stoxx 50 Outlook: Looking for Post Crash Peak

DAX 30 soars on Eurozone PMIs, while Euro Stoxx 50 faces key hurdle.

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

British Pound (GBP) Latest: GBP/USD Bullish After Positive UK PMIs

UK purchasing managers’ indexes for June came in higher than expected, with the manufacturing PMI above the 50 mark separating expansion from contraction, improving the GBP/USD outlook.

from DailyFX - Market News https://ift.tt/3du86KW
via IFTTT

EUR/USD Rally Continues as Positive Euro-Zone PMI Data Provides a Boost

EUR/USD continues Monday’s sharp pull-back after the latest Euro-Zone PMI data beat suggested a sharp pick-up in economic activity in the single-block, although fears remain.

from DailyFX - Market News https://ift.tt/3hUWOD9
via IFTTT

US Dollar May Decline as Demand for Federal Reserve Swaps Collapses

The US Dollar may continue to slide as the $74 billion contraction of the Federal Reserve’s balance sheet highlights falling demand for USD.

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

Monday, 22 June 2020

Gold and Crude Oil Prices Break Higher but Reversal Signs Linger

Gold and crude oil prices are exhibiting bearish technical warning signs, perhaps undermining recent upside breakouts. What is in store for these assets over the next 24 hours?

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

Mexican Peso Outlook at the Mercy of US Economic Trends

Understanding the US-Mexico relationship and how the ebb and flow of economic activity in the former impacts the latter is crucial for trading USD/MXN.

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

Copper, Silver Poised to Move Higher as Market Dismisses Virus Concerns

Copper and Silver could continue to push higher should risk aversion remain suppressed, as market participants dismiss second-wave coronavirus concerns.

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

EUR/USD Bull Flag Formation in Focus as RSI Tracks Bullish Trend

A bull flag formation may unfold in EUR/USD as the Relative Strength Index (RSI) preserves the bullish formation from March.

from DailyFX - Market News https://ift.tt/2Nia7zo
via IFTTT

Dow Jones, S&P 500, AUD/USD: Trade Wars Still Matter, Navarro’s 180

The Dow Jones, S&P 500 and AUD/USD initially tumbled on fears of a US-China trade deal breakdown. But then, a 180 from Trade Adviser Peter Navarro quelled market volatility for now.

from DailyFX - Market News https://ift.tt/2V7eSQH
via IFTTT

FTSE China A50 Gains With Crude Oil, Gold Prices Attempt Breakout

Asia-Pacific stocks are set to open higher following a decent rebound in US indices overnight as crude oil prices climbed to a three-month high. Gold prices attempt to break out above an ‘Ascending...

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

NZD/USD Rate Outlook Hinges on RBNZ Forward Guidance

The RBNZ interest rate decision may sway the near-term outlook for NZD/USD as the central bank stands ready “to deploy further tools as needed.”

from DailyFX - Market News https://ift.tt/2Z0ibdj
via IFTTT

AUD/USD, APAC Stocks May Rise. Will Geopolitics Undercut Gains?

The Australian Dollar may rise with Asia-Pacific stock markets after a rosy session during Wall Street trade, but brewing geopolitical stress in the region may pressure cycle-sensitive assets.

from DailyFX - Market News https://ift.tt/315RS8r
via IFTTT

ASX 200 & Nikkei 225 Forecasts for the Week

The ASX 200 and Nikkei 225 have recovered nicely from their March lows, but gains have slowed in recent days as sentiment appears increasingly fragile which has left the two indices at risk of reve...

from DailyFX - Market News https://ift.tt/319AYWm
via IFTTT

S&P 500 Price Outlook: Stocks Jump, US Dollar & VIX Peel Back

Stocks marched steadily higher throughout Monday’s trading session after futures opened noticeably in the red. The S&P 500 gained nearly 0.7% as the VIX ‘fear-gauge’ and US Dollar dropped.

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

Australian Dollar Forecast: AUD/USD Price Stalls Near 2020 Peak

The Australian Dollar has recovered the entirety of the declines suffered during the coronavirus-selloff, but has since stalled near its 2020 peak. As sentiment swings, AUD/USD awaits a bullish con...

from DailyFX - Market News https://ift.tt/2V7AYSR
via IFTTT

USD/CAD Price Outlook: Canadian Dollar Climbs with Crude Oil

USD/CAD price gets pressured lower to start the trading week as crude oil attempts to extend its recovery despite looming coronavirus second wave risk. Where is the Canadian Dollar headed next?

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

Macro Matters: USD Rising Wedge - Gold, Oil Flirt with Breakouts

As the US Dollar shows breakdown potential, both Gold and Oil prices look to be set up for possible bullish breakouts.

from DailyFX - Market News https://ift.tt/37S4IIT
via IFTTT

Weekly Crude Oil Forecast: Draining Storages Buoy Prices

Despite signs that the global economy’s recovery will be slower than previously anticipated, crude oil prices continue to rise on the back of dwindling supplies.

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

Markets Week Ahead: S&P 500, Dow Jones, Gold Prices, US Dollar, USD/MXN

Have financial markets avoided a resurgence in volatility? The road ahead for the S&P 500 and Dow Jones is clouded by rising virus cases. What will it take to break gold out of range-bound trade? T...

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

GBP/USD, EUR/GBP and FTSE 100 Outlooks - UK Market Webinar

Sterling is struggling to regain Friday’s sharp losses and currently trades in a narrow band against a range of currencies. There is little data of note to excite or depress the British Pound this ...

from DailyFX - Market News https://ift.tt/2NwBl5z
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...