British Pound (GBP) Latest: GBP/USD Outlook Still Bleak, FTSE Sliding Too

GBP/USD continues to trend lower, suggesting more losses to come, while the FTSE 100 stock index is still failing to rally.

from DailyFX - Market News https://ift.tt/2BMaTC9
via IFTTT

USD/JPY Eyes 200-MA, S&P 500 Descending Triangle in Play

USD/JPY eyes the 200-day moving average, S&P 500 forms Descending Triangle at key resistance as US-China tensions escalate.

from DailyFX - Market News https://ift.tt/2YI3SeH
via IFTTT

Gold Prices at Risk as Crude Oil Awaits Canada GDP Data

Gold prices could be at risk to a turn lower following the emergence of a Doji candle. Crude oil prices may rise as Canada GDP data perhaps supports global growth recovery bets.

from DailyFX - Market News https://ift.tt/2YJq0VP
via IFTTT

EUR/USD Rate Forecast: RSI to Validate Bull Flag Formation

The Relative Strength Index (RSI) may validate the bull flag formation in EUR/USD if the oscillator continues to track the bullish trend from earlier this year.

from DailyFX - Market News https://ift.tt/2ZjC53n
via IFTTT

GBP, USD & AUD Brace for Cross-Continental Geopolitical Risks

The British Pound, US Dollar and Australian Dollar may experience higher-than-usual volatility ahead of a plethora of cross-continental geopolitical risks amid a spike in Covid-19 cases.

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

ASX 200 Perched at Support as Iron Ore Price Pulls Back

ASX 200 underperformance against its major counterparts may continue as falling iron ore prices and a surge in local coronavirus cases potentially cap further upside.

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

Australian Dollar, S&P 500 Gain on Upbeat China PMI. Resistance Next?

The Australian Dollar and S&P 500 futures rose after upbeat Chinese PMI data crossed the wires. Will this help reinvigorate risk appetite further and resume the AUD/USD uptrend?

from DailyFX - Market News https://ift.tt/2NDkQ7J
via IFTTT

Dow Jones to Lead Asia's Rebound, Nikkei 225 Eyes Resistance

Wall Street equities had a decent rebound last night, setting an upbeat tone for Asia’s opening. Traders are eyeing a string of PMI readings from China for clues into Asia’s recovery.

from DailyFX - Market News https://ift.tt/2BkAX7q
via IFTTT

USD/CAD Reversal from March Low in Focus as RSI Breaks Bearish Trend

The USD/CAD reversal from the March low (1.3315) may continue to evolve in July as the RSI breaks out of the bearish trend carried over from the previous month.

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

AUD/JPY May Bloom if Chinese PMI Data Kindles Risk Appetite

The Australian Dollar may rise if Chinese PMI data for June rekindles risk appetite and reinforces the bullish narrative that economic stabilization may soon give way to a recovery.

from DailyFX - Market News https://ift.tt/38dcjlf
via IFTTT

US Dollar Hinges on Consumer Confidence as Virus Cases Climb

The US Dollar traded mixed on Monday ahead of a jam-packed economic calendar as the world reserve currency searches for direction amid conflicting fundamental undercurrents like bulging liquidity a...

from DailyFX - Market News https://ift.tt/38enY3l
via IFTTT

Nasdaq 100, Crude Oil and EURAUD Stage Head-and-Shoulders Patterns

Head-and-shoulders patterns are one of the most popular chart formations among retail traders, but just because the structure is in place doesn’t mean a reversal is imminent. I look at the potentia...

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

DAX 30 Forecast: What Stock Will Replace Wirecard on the DAX 30 Index?

The accounting scandal that took down Wirecard has led to an implosion in share price for the tech stock, rendering it subject to removal from the DAX 30. What stock will take its place?

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

S&P 500 Price Outlook: VIX ‘Fear-Gauge’ Falls as Oil Rises

A risk-on tone has prevailed after stocks stumbled around the Wall Street opening bell. Market bulls continue to defend the 3,000-price level on the S&P 500 Index as crude oil climbs and the VIX 'f...

from DailyFX - Market News https://ift.tt/2NB0Mmq
via IFTTT

USD Price Outlook: US Dollar Threatens Range Break, Big Week Ahead

The US Dollar has built in to a range; but the final days of Q2 bring a busy economic calendar, and this may provide motive for future USD trends.

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

Weekly Crude Oil Technical Forecast: Losing Momentum

As coronavirus pandemic fears resurface – did they ever subside? – assets that track global growth conditions have started to pullback.

from DailyFX - Market News https://ift.tt/3eLl74h
via IFTTT

Markets Week Ahead: Dow Jones, US Dollar, Gold Prices, Rising Virus Cases

The Dow Jones and the S&P 500 ended this past week in a position to perhaps set up a recovery for anti-risk assets like the US Dollar and Japanese Yen. Gold is appearing to breakout higher as finan...

from DailyFX - Market News https://ift.tt/2VK1IcL
via IFTTT

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

Sterling remains on the back foot and is touching a fresh one-month low against the US dollar. If support fails to hold, GBP/USD could fade further with little in the way of any technical support b...

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

British Pound (GBP) Latest: Brexit Trade Talks, Government Spending Plans

Trade talks between the EU and UK will continue this week, while UK PM Boris Johnson is expected to announce a major spending plan on Tuesday to help re-boot the ailing economy.

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

DAX Perched at Support, EUR/USD Confined by Bull Flag Formation

EUR/USD looks poised for a potential breakout, while Germany’s DAX 30 is perched at pivotal support as global coronavirus deaths surpass 500,000.

from DailyFX - Market News https://ift.tt/2YH9QN1
via IFTTT