AUD Outlook: AUD/JPY Poised to Fall on Covid-19 Concerns, China Tensions

The Australian Dollar could come under pressure in the coming week as local cases of Covid-19 continue to climb and tensions with China notably escalate.

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

Dow Tests 26,400 Support as Sentiment Sours, Gold Breaks above $1,900

The Dow Jones fell to 26,400 support on virus and geopolitical headwinds. Gold surged above 1,900 to a nine-year high. Fed meeting, US GDP, earnings in focus.

from DailyFX - Market News https://ift.tt/2X0pxgP
via IFTTT

Canadian Dollar Trading: US Economic Growth Takes Center Stage

A macro forex trading guide exploring the US-Canada relationship and how to trade the Canadian Dollar through the prism of the Core-Perimeter model.

from DailyFX - Market News https://ift.tt/3icKEW8
via IFTTT

Markets Week Ahead: Gold Prices, Dow Jones, US Dollar, FANG, Recessions

Gold prices and the Euro soared as the US Dollar sank. Are the S&P 500, Dow Jones and Nasdaq Composite vulnerable after lackluster tech earnings? The United States is poised to enter a technical re...

from DailyFX - Market News https://ift.tt/3jK4ybI
via IFTTT

US Dollar Ripe for Reversal: GDP, Fed, Earnings Raise Volatility Risk

The US Dollar may bottom out in a jam-packed week of event risk that could rekindle market volatility. All eyes are on the Fed, US GDP, the earnings season and more fiscal stimulus.

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

Crude Oil Outlook: OPEC+ Curbs Supply Cut as GDP Growth Recovers

The monumental recovery in crude oil prices has started to stall with OPEC+ gearing up to increase production as global GDP growth rebounds, but the risk of abating demand looms.

from DailyFX - Market News https://ift.tt/3g18rab
via IFTTT

British Pound Forecast: GBP/USD May Fall Amid Renewed 'No Deal' Brexit Fears

The fundamental outlook for the British Pound looks relatively bleak amid renewed ‘no deal’ Brexit concerns and escalating UK-China tensions.

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

USD/JPY Weekly Outlook - Testing Multi-Month Lows as the US Dollar Slides

The Japanese Yen is ending the week on a very positive note against the US dollar, and trades below USD/JPY 106 in holiday-thinned conditions.

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

Nasdaq May Fall as Valuation Stretched Close To "Bubble" Level

The Nasdaq stock index may face a meaningful pullback in the weeks to come as investors eye profit-taking after a historic 41% rally in the three month through June 2020.

from DailyFX - Market News https://ift.tt/39nbDdK
via IFTTT

Euro Forecast: Outlook for EUR/USD Still Positive But Beware Profit-Taking

Having broken above the 1.15 level, EUR/USD is well placed to challenge the 1.1621 high reached in October 2018. However, a pullback is possible first after the pair’s recent strong gains.

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

Gold Price Outlook Bullish on FOMC Rate Decision & US Relief Bill

Gold prices may extend their rally if the FOMC rate decision and outlook reinforces the narrative of economic stabilization in tandem with progress on another coronavirus relief bill.

from DailyFX - Market News https://ift.tt/3f4kane
via IFTTT

EUR/USD Extends Rally & USD/JPY Plunges on Markit PMIs

Monthly flash PMIs just released by IHS Markit fuels further US Dollar selling pressure against major FX peers like the Euro and Japanese Yen as economic growth and sovereign yield spreads diverge.

from DailyFX - Market News https://ift.tt/2EabRt2
via IFTTT

EUR/USD, USD & More – Charts for Next Week

The Euro is very near a long-term form of trend resistance, while the DXY is trading around support; could see a snapback in trends in next week.

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

Crude Oil Edging Higher as Support Holds but Resistance Now Coming Into Play

Brent crude continues to nudge higher and looks set for another attempt to fill the early-March gap. The short-dated moving average is providing support but the longer-dated ma is likely to present...

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

EUR/USD Strength Underpinned by Positive Eurozone PMI Sentiment Readings

The forward looking Eurozone PMIs show a robust pick-up in business activity across the block with services sector leading the way.

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

British Pound Latest (GBP) - GBP/USD Choppy, Focus on June Top

EU and UK negotiations to carry on its arduous process. EUR/GBP dips to find support.

from DailyFX - Market News https://ift.tt/30GpsA6
via IFTTT

US Dollar Index Poised to Climb Higher on Escalating US-China Tensions

The US Dollar index seems poised to climb on escalating US-China tensions after Beijing asks for the closure of the US consulate in Chengdu.

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

Nikkei 225 May Drop on US Jobless Claims, Hang Seng Enters Consolidation

The Nikkei 225 stock index may open lower after the holiday as initial US jobless claims data disappointed. The Hang Seng Index and FTSE China A50 may also face a technical pullback.

from DailyFX - Market News https://ift.tt/30Ei8os
via IFTTT

Gold Rally Eyes Record High Price as RSI Pushes Into Overbought Zone

The price of gold appears to be on track to test the record high set in September 2011 ($1921) as the RSI pushes above 70 for the third time in 2020.

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

AUD May Erase Gains Amid US-China Tension After Tech Stocks Cratered

The Australian Dollar may retrace some of its recent gains as US-China tensions heat up following a gloomy session in Wall Street trade amid a decline in technology stocks.

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