Friday, 3 July 2020

The New DAX Decade: The Past, Present and Future of the DAX 30

The DAX Index, which tracks the top 30 companies in Germany, is one of the most important and respected indicators of the world's economic health. DailyFX's DAX definitive guide is here to help you...

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Stock Market Third Quarter Forecast: Covid Concerns & Fed Policy to Clash

Equity markets endured significant volatility last quarter even as they staged a remarkable recovery, but many of the same themes behind the initial crash exist heading into the third quarter.

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Dollar as a Safe Haven or Source of Global Instability?

The US Dollar is the traditional safe haven currency – a boon when global risk is shaken by a pandemic. And yet, that role is not inviolable. With a swell in COVID cases in the US, trade sparks rek...

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USD/MXN Continues to Slide Lower as Supportive Moving Averages Break

The Mexican Peso continues to gain in the short-term against the US dollar and the pair now near a cluster of supportive lows.

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British Pound (GBP) Latest: EU/UK Trade Disagreements Continue to Cap Sterling

The latest round of EU/UK trade talks broke up a day early yesterday with both sides noting significant differences on a range of topics, leaving Sterling adrift as we head into the weekend.

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EUR/USD, S&P 500 Stock Index May Fall on Fed Balance Sheet Contraction

EUR/USD and the S&P 500 stock market index may fall as the Federal Reserve’s balance sheet contracts for the third consecutive week.

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Crude Oil Prices Shrug Off US Jobs Data as Topping Signs Remain

Crude oil prices found little lasting impact from better-than-expected US jobs data, with technical positioning warning that a top may be taking shape.

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Thursday, 2 July 2020

Gold Price Retains Bullish Behavior in July to Mark Fresh 2020 High

Current market conditions may keep the price of gold afloat as bullion trades to a fresh yearly high ($1789) in July.

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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.

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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.

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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.

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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.

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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.

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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.

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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?

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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?

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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.

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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?

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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.

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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.

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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...