ASX 200 Outlook Hinges On Fiscal Support As Covid-19 Cases Surge

The ASX 200 stock index remains capped by resistance as local Covid-19 cases surge in Melbourne, Australia’s second-biggest city.

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New Zealand Dollar Analysis: NZD/CHF, NZD/CAD, AUD/NZD

NZD/CHF and NZD/CAD are trading at key levels with signs of doubt about their upside potential as AUD/NZD stares at an abyss after its rejection from five-year resistance.

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Australian Dollar Forecast: RSI Flops Ahead of Overbought Territory

AUD/USD may consolidate over the coming days as the Relative Strength Index (RSI) appears to be reversing course ahead of overbought territory.

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AUD/JPY May Extend Losses as Growing Virus Cases Sour Risk Appetite

AUD/JPY may pullback after breaking out of its uptrend as risk appetite wanes amid a growing number of Covid-19 cases and concern about virus-containing policy measures.

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Canadian Dollar Forecast: USD/CAD Languishes, NZD/CAD Breaks Out

While USD/CAD meanders around the same levels it has for weeks, NZD/CAD appears to be in the early stages of a break out. Are there further gains on the horizon?

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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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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.

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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?

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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.

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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.

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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.

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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.

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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

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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.

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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?

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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.

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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.”

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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.

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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.

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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.

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