AUD/JPY, EUR/JPY, GBP/JPY Levels to Watch As Risk Appetite Returns

The Japanese Yen may continue its decline as AUD/JPY and EUR/JPY seem poised to move higher. GBP/JPY proving to be the laggard, struggling at key resistance.

from DailyFX - Market News https://ift.tt/3imt3LA
via IFTTT

Hang Seng Index Jumps to 25,000 as Shanghai Composite Breaks 3,000

With surging volume, both Hong Kong’s Hang Seng Index and mainland China’s Shanghai Composite soared more than 2% yesterday, challenging key resistance levels.

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

AUD/USD Rate Approaches 2020 High Ahead of RBA Rate Decision

AUD/USD may continue to approach the 2020 high (0.7064) ahead of the RBA rate decision on July 7 as the central bank is widely expected to retain the current policy.

from DailyFX - Market News https://ift.tt/2ZBes6k
via IFTTT

NZD/JPY May Fall as US-China Tensions Escalate Over Hong Kong

NZD/JPY is on the cusp of trend-defining resistance, but US-China tension over Hong Kong could spoil risk appetite and cause the pair to back off from its bold endeavor.

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

S&P 500 Rallies as Key Insiders Dump Stock, Traders Add Shorts

The S&P 500 index may continue pacing higher as traders shift into an increasingly net-short position, but corporate insider activity flash worrying signals for broader market trends.

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

Stock Market Outlook: Dow Eyes China Tension & Dollar-Yuan

The stock market traded resiliently during 2Q-2020, but the Dow Jones hangs in jeopardy as spot USD/CNH consolidates while tension with China escalates ahead of the US presidential election.

from DailyFX - Market News https://ift.tt/2YUknnT
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/38nl9gz
via IFTTT

Aussie Price Forecast: Can AUD/USD Break the Bull Pennant?

Bulls keep pushing AUD/USD with support from a bullish pennant formation. Can Q3 continue with upside momentum or will bears take the reins?

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

S&P Rallies to Resistance, Nasdaq 100 Jumps After Strong NFP Report

This morning brought a strong NFP report to the table, helping to invigorate bulls in the Nasdaq as the index has pushed up to another fresh all-time-high.

from DailyFX - Market News https://ift.tt/3dUqY5W
via IFTTT

US Dollar, Gold Price, S&P 500 React to June 2020 Jobs Data

A better-than-expected June 2020 nonfarm payrolls report clashes with disappointing weekly jobless claims data just released. How are key assets like the US Dollar, gold, and stocks reacting?

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

EUR/USD Rally Stalls Ahead of The Latest US Jobs Report

EUR/USD moved above 1.1300 in early trade but has faded lower as the US nonfarm payroll report release nears. A 3000k headline print is expected.

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

US Dollar Price Action Set for Non-Farm Payrolls

Non-Farm Payrolls in focus for US Dollar. Revisions likely to garner attention as data is far from signalling v shaped recovery.

from DailyFX - Market News https://ift.tt/38kd1NG
via IFTTT

British Pound (GBP) Latest: GBP/USD Facing New Test at 1.25

GBP/USD has broken convincingly to the upside from a downward-sloping channel on the daily chart but now faces near-term resistance at the 1.25 level.

from DailyFX - Market News https://ift.tt/2ZsNG06
via IFTTT

DAX 30, EUR/USD Poised to Rise with US Jobs Data in View

EUR/USD may rise alongside Germany's DAX 30 stock market index as the spotlight turns to June's US non-farm payrolls data.

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

Gold Prices at Risk if US Jobs Data Cools Fed Stimulus Prospects

Gold prices may extend lower after recoiling from the $1800/oz figure if June’s US jobs report bolsters the sense that the Fed is in no hurry to boost stimulus.

from DailyFX - Market News https://ift.tt/3eT4Yd5
via IFTTT

EUR/USD RSI Retains Bullish Trend Ahead of US Employment Report

A bull flag formation remains on the radar for EUR/USD as the Relative Strength Index (RSI) continues to track the bullish trend from earlier this year.

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

Core-Perimeter Trading Model: US, Eurozone & China

The Core-Perimeter framework allows traders to understand the macro-fundamental interactions between powerhouse economies and their perimeter counterparts, offering valuable insight on how to trade...

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

AUD/NZD May Turn Lower as Dairy Prices Boost NZ Dollar

AUD/NZD has carved out a bearish Head and Shoulder chart pattern at key resistance as a surge in global dairy prices fuels the agriculture-driven New Zealand Dollar.

from DailyFX - Market News https://ift.tt/3eT3gsn
via IFTTT

S&P 500 Climbs on Strong ISM PMI, China A50 Soars after PBoC Rate Cuts

The S&P 500 index climbed for a third straight day but may struggle to gain momentum ahead of non-farm payrolls data and a market holiday. China A50 index soared after rate cuts.

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

USD/CAD Rate Reversal from March Low Keeps June High on Radar

The reversal from the March low (1.3315) may continue to evolve as USD/CAD trades within an ascending channel, with the June high (1.3801) still on the radar.

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