Crude Oil Prices May Not Find Lasting Support in OPEC+ Efforts

Crude oil prices seem unlikely to find lasting support even if OPEC+ extends supply-cut efforts beyond month-end as the Covid-19 outbreak sinks demand.

from DailyFX - Market News https://ift.tt/38VUt6C
via IFTTT

USD/CAD Eyes US Dollar Weakness and Bank of Canada Policy Decision

The latest Bank of Canada monetary policy meeting should give USD/CAD traders further insight into the pair’s short-term destiny as technical indicators currently blur sentiment.

from DailyFX - Market News https://ift.tt/2Wn8Zzf
via IFTTT

British Pound (GBP) Latest: EUR/GBP Easing After Surprise UK Inflation Rise

UK inflation rose unexpectedly in June, lifting GBP/USD modestly and weakening EUR/GBP ahead of the European Council meeting starting Friday to discuss an EU recovery fund.

from DailyFX - Market News https://ift.tt/30gfgxM
via IFTTT

USD/CNH Rate May Rise as Trump Ends Hong Kong's Special Status

The USD/CNH exchange rate may rise as President Donald Trump ends Hong Kong’s ‘special status’ with the United States.

from DailyFX - Market News https://ift.tt/2Oonbn9
via IFTTT

Nikkei 225 Breaks 22,700 Resistance, Hang Seng Wobbles on US Sanctions

The Nikkei 225 Index rose 1.5%, breaking key resistance. The Hang Seng Index struggled to hold gains after Donald Trump’s order to end Hong Kong’s special status with the US.

from DailyFX - Market News https://ift.tt/2WkA0TQ
via IFTTT

Gold Price Forecast: Extreme RSI Reading to Offer Bullish Signal

The Relative Strength Index (RSI) may offer a bullish for the price of gold if the indicator produces the extreme readings seen in February.

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

Silver Price Eyes Fresh 2020 Highs on US Dollar Weakness

Silver price eyes fresh 2020 highs as the US Dollar continues to slide against its major counterparts.

from DailyFX - Market News https://ift.tt/2ZrTg3S
via IFTTT

AUD May Fall on US-China Trade Deal Fears, Crude Oil Eyes OPEC Meeting

The Australian Dollar is groaning at revived US-China trade tensions as crude oil prices eye a key OPEC+ meeting. The Euro may tense up ahead of negotiations on a EUR750b aid package.

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

NZD/USD Rate Rebound Undermined by RSI Divergence

The Relative Strength Index (RSI) undermines the recent rebound in NZD/USD as the indicator flops ahead of overbought territory and appears to be diverging with price.

from DailyFX - Market News https://ift.tt/2DIQ6As
via IFTTT

Japanese Yen May Rise on Asian Geopolitical Risks, BoJ Rate Decision

The Japanese Yen may get a tailwind from US-China geopolitical tension over Hong Kong and the Bank of Japan rate decision and publication of its Quarterly Outlook Report.

from DailyFX - Market News https://ift.tt/3fvjp7A
via IFTTT

Dow Jones Price Outlook: Bank Earnings Warn of Unusual Recession Ahead

Earnings from some of the largest US banks were scattered across the board, but nearly every report warned of a prolonged recession in the wake of coronavirus.

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

Canadian Dollar Price Analysis: USD/CAD Range Remains for Now

USD/CAD has built into a range over the past month and despite the fireworks that have shown elsewhere, USD/CAD has yet to show signs of breaking out of this chain of mean reversion.

from DailyFX - Market News https://ift.tt/38XY2cp
via IFTTT

EUR/GBP Analysis: EURGBP Turns Sharply Higher After Failed Breakdown

EUR/GBP has rebounded sharply after the recent failed breakdown.

from DailyFX - Market News https://ift.tt/2OoJn0D
via IFTTT

EUR/USD, EUR/JPY Bullish Breakouts Extend Gains - Key Levels

The Euro continues to post solid gains at the expense of the Japanese Yen and the US Dollar.

from DailyFX - Market News https://ift.tt/2Ca0CAf
via IFTTT

Dow Jones Price Analysis: Conflicted As Earnings Season Begins

As earnings season enters the spotlight and fears of a second wave continue to rise, will the Dow Jones favor the bulls or the bears?

from DailyFX - Market News https://ift.tt/308qSTE
via IFTTT

Bullish Sentiment Signals for EUR/JPY, EUR/CHF | Webinar

The outlook is bullish for EUR/JPY and EUR/CHF if you take a contrarian view of retail trader positioning data.

from DailyFX - Market News https://ift.tt/38Sn2ly
via IFTTT

Gold Price Outlook: XAU/USD May Struggle to Rally Further as Supportive Trend Breaks

Gold is finding further upside difficult after hitting a fresh near eight-year peak last week. The supportive trend started in early June is now breaking.

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

DAX 30 Price Outlook: Breakout on the Horizon, EU Summit in Focus

DAX upside struggles once again at familiar resistance. Short term range holds for now.

from DailyFX - Market News https://ift.tt/32h4PN2
via IFTTT

FTSE 100 Latest: Weakening Only Modestly After Poor UK GDP Data

The FTSE 100 index of the major London-listed stocks is falling Tuesday, but by less than other major European equity indexes despite UK GDP data that fell short of expectations.

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

GBP/USD Remains Under Pressure After Weak UK GDP Release

The UK economy remains in the doldrums with the latest UK GDP figures missing already lowly expectations, putting pressure back on Sterling.

from DailyFX - Market News https://ift.tt/2CwNGo0
via IFTTT