Tuesday, 7 July 2020

Dollar vs Mexican Peso Price Outlook: USD/MXN Rally to be Short Lived

Mexican Peso is attempting to snap a five-day losing streak with USD/MXN rebounding off key support. These are the levels that matter on the technical charts this week.

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

Nasdaq 100 & Dow Jones Forecast: Are Stocks in for Another Leg Higher?

The Nasdaq 100 pressed to new heights as Asian equities surged higher on swelling volume. Will strength in other equity markets help extend the rally in US stocks?

from DailyFX - Market News https://ift.tt/3iEDdr1
via IFTTT

Market Sentiment: Nasdaq, Gold and Copper all Trending Higher | Webinar

While many financial markets are currently moving sideways, Tech stocks, Gold and Copper prices are all looking technically positive as their prices continue to climb.

from DailyFX - Market News https://ift.tt/2NZS4yj
via IFTTT

EUR/USD Slides After European Commission Downgrades Forecasts, Risks to the Downside

The latest European Economic Forecast warns of a deeper recession with wider divergences after the European economy suffered the deepest output contraction since World War II.

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

Copper Price: Rally Consolidates Back Into Supportive Trend

Copper’s rally off its mid-March spike-low remains in place but fears over a further outbreak of COVID-19 are dampening further gains today.

from DailyFX - Market News https://ift.tt/3e5TCkM
via IFTTT

British Pound (GBP) Latest: GBP/USD Still Struggling to Break Through 1.25

GBP/USD has yet to make a convincing break above the psychologically-important 1.25 level, with the near-term upside limited by strong resistance at that level.

from DailyFX - Market News https://ift.tt/31VF6tt
via IFTTT

CAC 40, IBEX 35 Poised to Fall Amid Souring Market Sentiment

France's CAC 40 stock index seems poised to fall alongside Spain's IBEX 35 equities benchmark as souring risk appetite weighs on European financial markets

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

Crude Oil Prices May Turn Lower as Covid-19 Fears Reemerge

Crude oil prices may fall as renewed fears about a second wave of Covid-19 lockdowns undermine risk appetite. Gold prices are struggling for direction.

from DailyFX - Market News https://ift.tt/2ZKzO1d
via IFTTT

Monday, 6 July 2020

US Dollar May Fall as 2021 GDP Outlook Remains Intact: ASEAN Forecast

The US Dollar is pressured as rising coronavirus cases fail to dent 2021 GDP bets. Could the Singapore Dollar, Indonesian Rupiah, Philippine Peso and Malaysian Ringgit rise?

from DailyFX - Market News https://ift.tt/2DefX2R
via IFTTT

Australian Dollar Rises as RBA Keeps Rates on Hold

The Australian Dollar continued to trek higher against its US Dollar counterpart as the Reserve Bank of Australia held interest rates steady.

from DailyFX - Market News https://ift.tt/2Z2iGF8
via IFTTT

Gold Holds Near 2020 High as Fed Main Street Program Goes Operational

Current market conditions may keep the price of gold afloat as the Boston Federal Reserve announces that the Main Street Lending Program is now “fully operational.”

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

Bitcoin, Litecoin, Ethereum Outlook: BTC/USD, LTC/USD, ETH/USD

Bitcoin and Ethereum prices remain largely in range-bound trade, but a directionlsbias may soon be revealed while LTC/USD is gearing up for a potential spike.

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

S&P 500 Up as Virus Growth Slows, Asia-Pacific Stocks to Open Higher

The S&P 500 index climbed 1.59% last night as the Covid-19 growth rate fell below its 7-day average in the ‘sun belt’ states of the US. Asia-Pacific stocks aim to follow higher.

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

EUR/USD Bull Flag Still on Radar as RSI Preserves Bullish Trend

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/2AEAL2K
via IFTTT

AUD May Extend Gains on RBA Rate Decision After Wall Street Bounce

The Australian Dollar may glimmer in Tuesday’s Asia-Pacific trading session as investors gear up for the Reserve Bank of Australia (RBA) rate decision.

from DailyFX - Market News https://ift.tt/2ZIEh4r
via IFTTT

Nasdaq 100 & Dow Jones Forecast: Are Stocks in for Another Leg Higher?

The Nasdaq 100 pressed to new heights as Asian equities surged higher on swelling volume. Will strength in other equity markets help extend the rally in US stocks?

from DailyFX - Market News https://ift.tt/2Cbz0dP
via IFTTT

Canadian Dollar Price Outlook: USD/CAD Stalls Ahead of Key Support

USD/CAD has been range bound over the past few weeks, with the 1.3500 area thwarting sellers on multiple occasions. Can bears take control?

from DailyFX - Market News https://ift.tt/31MudKB
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/3ebD2QN
via IFTTT

US Dollar Weakness Abates on Upbeat Services PMI

US Dollar price action recovered marginally Monday morning on a better than expected services sector report from the Institute for Supply Management

from DailyFX - Market News https://ift.tt/2O0UQ6g
via IFTTT

US Dollar, VIX Index Stumble as Stock Market Euphoria Prevails

Appetite for risk endures and continues to weigh negatively on the broader US Dollar, which has tracked the VIX Index ‘fear-gauge’ lower as global equities melt higher. Where is the USD and stock m...

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