Dow, S&P Continue Consolidation; Nasdaq Tests Higher-Low Support

Despite a global pandemic and an unprecedented sucker punch to global growth, the Nasdaq has continued up to another fresh all-time-high.

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Crude Oil, DAX & Silver: Index & Commodity Charts

Oil is coming off a big area of resistance, could weaken further, the DAX could weaken but remains in a bullish channel for now, silver trying to break out.

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US Dollar, S&P 500, NZD/USD Analysis - Cross Asset Correlation

Elevated correlation between equity and currency markets makes risk sentiment the dominant driver.

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Crude Oil Prices May Fall as Market Mood Turns Sour

Crude oil prices may fall as the mood across global financial markets turns sour, helping to make good on emerging signs of bearish technical cues.

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US Dollar vs Mexican Peso: USD/MXN Building A Breakout Pattern, Rate Decision Eyed

USD/MXN is currently mixing lower highs and higher lows on the daily chart and the pair look likely to break this narrowing range shortly.

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British Pound (GBP) Latest: GBP/USD Upward Momentum Fading, FTSE Falling

The advance in GBP/USD so far this week seems to be stalling and the FTSE 100 index is easing in markets dominated by uncertainty over whether now is the right time to ease lockdowns.

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Euro Eyes Trend Top vs USD, EUR/CHF Rise May Flag Market Cheer

EUR/USD has surged to test familiar resistance marking the bounds of its two-year downtrend as EUR/CHF price action seems to suggest improvement in market-wide risk appetite.

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How AUD & NZD Exchange Rates Are Impacted by China’s Economy

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Gold Price Extends Bullish Behavior in June to Mark Fresh 2020 High

The price of gold extends the bullish behavior from earlier this year as the precious metal trades to a fresh 2020 high ($1774) in June.

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New Zealand Dollar Dips Lower on Dovish RBNZ Forward Guidance

The New Zealand Dollar dipped lower as the RBNZ remains “prepared to provide additional stimulus as necessary”.

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Hang Seng Index Challenges Key Resistance, Gold Prices Climb

The Hang Seng Index stock market benchmark is set to challenge a key resistance level at 25,000. The Singapore’s Straits Times Index consolidates on election news. Gold climbs.

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USD/CAD Reversal from March Low Unravels as RSI Retains Bearish Trend

The USD/CAD reversal from the March low (1.3315) may continue to unravel as the RSI fails to break out of the bearish formation carried over from the previous month.

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NZD May Rise on RBNZ Rate Decision Amid Signs of Global Stabilization

The New Zealand Dollar’s rise may be amplified by the RBNZ rate decision as signs of stabilization in the global economy alleviate the need for ultra-aggressive monetary measures.

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Australian Dollar Forecast: AUD/USD Ignores White House Whiplash

The Australian Dollar edged higher by about 20-pips, or 0.3%, against its anti-risk USD peer on Tuesday despite another reminder of elevated US-China trade tension and uncertainty that lingers.

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Crude Oil Price Outlook: WTI Edges Above Recent High, Will it Break Out?

As growth-sensitive assets continue to show signs of strength, crude oil has moved above a recent high which could pave the way for an eventual break higher. Still, risks to the rally remain.

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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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Canadian Dollar Price Outlook: USD/CAD Range Support, Trend on Pause

The US Dollar has been very weak over the past couple of days, but USD/CAD is holding the hard line of support, at least for now.

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US Dollar Outlook: DXY Index Decline Pauses on Markit PMI Data

US Dollar downside has accelerated into Tuesday’s trading session, but the broader DXY Index attempts to stabilize after better-than-expected US PMI data just released by IHS Markit.

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EUR/USD, GBP/USD, AUD/USD Sentiment Boosted by PMIs | Webinar

Market sentiment towards stocks and the “risk on” currencies such as EUR, GBP and AUD has been lifted by the latest purchasing managers’ indexes suggesting a global economic recovery is beginning.

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GBP/USD, GBP/JPY, DXY Charts & More

The GBP versus the USD, JPY look vulnerable, especially the former; USD though in general via the DXY could be on its backfoot near-term.

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