US Dollar Outlook: Long-Term USD Trends in Focus Ahead of FOMC

The US Dollar could be poised for further losses after breaking through 6-year trend support, as focus turns to the FOMC interest rate decision.

from DailyFX - Market News https://ift.tt/3jOHgS5
via IFTTT

Hang Seng Index Rebounds, Silver Consolidates. Crude Oil May Fall

Hong Kong’s benchmark stock index, the Hang Seng, climbed alongside the mainland A-shares, led by brokerage firms. Silver, gold and crude oil entered consolidation.

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

EUR/USD Rate Eyes September 2018 High as RSI Sits in Overbought Zone

Current market conditions may keep EUR/USD afloat as the Relative Strength Index (RSI) sits in overbought territory.

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

Mexican Peso Outlook at the Mercy of US Economic Trends

Understanding the US-Mexico relationship and how the ebb and flow of economic activity in the former impacts the latter is crucial for trading USD/MXN.

from DailyFX - Market News https://ift.tt/3f6wGST
via IFTTT

AUD/USD Rate Unfazed by Australia CPI with Fed Rate Decision on Tap

The Australian Dollar seemed relatively unfazed by local inflation data as traders look ahead to the upcoming FOMC interest rate decision.

from DailyFX - Market News https://ift.tt/2P1wie3
via IFTTT

NZD/USD Technical Analysis Outlook Warns of RSI Divergence

NZD/USD tags a fresh monthly high (0.6703) going into the end of July, but the RSI appears to be deviating with price as it struggles to push into overbought territory.

from DailyFX - Market News https://ift.tt/2D0axsq
via IFTTT

Fed Meeting Preview: Gold, Dow, US Dollar Outlook as FOMC Looms

Gold, the Dow Jones and US Dollar tend to experience heightened volatility around Fed meetings, which brings these markets into focus headed into Wednesday’s FOMC decision.

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

AUD May Extend Rally on CPI Data Despite Regional Political Risks

The Australian Dollar may stretch out its gains if local CPI data points to improved inflationary trends despite mounting regional geopolitical concerns.

from DailyFX - Market News https://ift.tt/32YSKN4
via IFTTT

Canadian Dollar Forecast: USD/CAD Threatens Breakdown Ahead of Fed

Months of Dollar weakness has seen USD/CAD falter, moving within reach of longstanding support that has helped keep the pair afloat. With FOMC ahead, USD/CAD runs the risk of further losses.

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

Bitcoin Forecast: BTC Price Breaking Out as US Dollar Crumbles

Bitcoin price action has rocketed 20% higher over the last week on the back of a topside breakout. As the US Dollar implodes, BTC has surged alongside anti-fiat precious metals like gold and silver.

from DailyFX - Market News https://ift.tt/3g446my
via IFTTT

USD/JPY Price Forecast: USDJPY Dropping Towards Key Level of Support

The US Dollar has experienced a significant sell-off amidst a focus on declining real yields in major economies while the Yen shines vs G10 currencies

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

Nasdaq, S&P Outlook: FOMC Correction Potential as Hope Drives the Bid

In four months US equities markets have went from aggressively bearish to aggressively bullish, even as a global pandemic rages on. What will Powell have to say for tomorrow?

from DailyFX - Market News https://ift.tt/333UrIU
via IFTTT

FTSE 100 Price Analysis: FTSE 100 Flirts with Key Fibonacci Levels

The past four months have seen a really strong move in the FTSE, and the index continues to flirt with fresh highs, held back by Fibonacci resistance

from DailyFX - Market News https://ift.tt/2X7ZHrs
via IFTTT

DAX 30 & CAC 40 Forecasts for the Week Ahead

The DAX 30 and CAC 40 have bled lower in the last week as both indices struggle to reclaim recent highs. Even as EUR/USD breaks out, price action for European equities has remained measured.

from DailyFX - Market News https://ift.tt/2X4hHD7
via IFTTT

US Dollar Paces Big Drop for July as Consumer Confidence Wanes

The US Dollar has spiked sharply lower with the DXY Index, a basket of major FX pairs, down nearly 4% month-to-date. Meanwhile, consumer confidence is deteriorating as COVID-19 persists.

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

Euro Forecast: Exhaustion Arrives as Rallies Reach Resistance - Key Levels for EUR/JPY & EUR/USD

The Euro has been the best performing major currency in recent weeks, but ahead of the July Fed meeting, it appears that several EUR-crosses may be ready to take a breather.

from DailyFX - Market News https://ift.tt/3g8hXZb
via IFTTT

Market Sentiment: Gold, Silver, Platinum, Copper, USD Outlook | Webinar

Trader confidence remains high in gold, silver and other metals despite some profit-taking, but low in USD, suggesting the recent strong advances in XAU/USD and XAG/USD could resume soon.

from DailyFX - Market News https://ift.tt/3gaC88W
via IFTTT

GBP/USD, Silver Charts and More

Cable broke out yesterday to best levels since March while silver is showing signs of exhaustion.

from DailyFX - Market News https://ift.tt/338RpTI
via IFTTT

S&P 500, Dow Jones Forecast: Risk-Taking Cut Back Ahead of FOMC

Silver volatility signals reduction in speculative positions. S&P 500 eyes support, Dow Jones forming interim top.

from DailyFX - Market News https://ift.tt/3f7vsHc
via IFTTT

Gold Soars to a Record High Before a Sharp Correction Lower Fires a Warning Shot

Gold hit a fresh all-time high around $1,981/oz. earlier in the Asian session before sellers took control of the market and sent the precious metal spinning lower.

from DailyFX - Market News https://ift.tt/39A1z1d
via IFTTT