Euro Latest: Eurozone Posts Record GDP Contraction, EUR/USD Unfazed

Eurozone GDP posts record contraction. EUR/USD remains firm as strong momentum pushes higher.

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Crude Oil Prices May Rebound But Chart Setup Warns of Topping

Crude oil prices may rebound amid a near-term recovery in risk appetite but technical positioning warns that a broader bearish reversal may be underway.

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British Pound (GBP) Latest: GBP/USD Soars on Dollar Woes, COVID-19 Cases Spike

US dollar weakness continues unabated, helping GBP/USD make a fresh 4-month high. A fresh spike in UK COVID-19 cases should not be ignored.

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EU Stoxx 50 Index Poised To Extend Declines Ahead of Eurozone GDP Data

The EU Stoxx 50 index may extend declines on disappointing European GDP data after snapping key chart support.

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EUR/USD Rate Forecast: Extreme RSI Reading in Focus Going Into August

The extreme reading in the Relative Strength Index (RSI) warns of a further appreciation in EUR/USD like the behavior seen in June.

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Nasdaq 100 Soars on FAANG Earnings, ASX 200 and Nikkei 225 May Follow

Nasdaq 100 futures soared after Facebook, Apple, Amazon and Google smashed earnings expectations. This has opened the door for gains in the ASX 200 and Nikkei 225 ahead.

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Australian Dollar Eyes Chinese Manufacturing Data After FAANG Earnings

The Australian Dollar may extend its rise if Chinese PMI data – after FAANG earnings – boosts the growth-sensitive currency. Having said that, AUD/USD continues to wobble at key resistance.

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

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.

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S&P 500 Forecast: Stellar Tech Earnings Could Supercharge Risk Appetite

Investors will have a lot of information to digest to close the week after Amazon, Apple, Google and Facebook reported remarkable results after the Thursday close. How will they impact the S&P 500?

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Canadian Dollar Price Forecast: USD/CAD Pops Even as USD Drops

USD weakness has been pervasive in most major FX pairs, with this morning showing a notable exception in USD/CAD. Is the pair nearing reversal?

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Nasdaq 100, Dow Jones Forecast: Stocks Survive Fed, How About Earnings?

Stocks ticked modestly higher after Wednesday’s FOMC meeting, but volatility may yet arrive with earnings from some of the largest tech members due Thursday. Here are the levels to watch.

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EUR/JPY Latest: Potent Euro Taking a Breath

Euro strength dissipating short-term, but how long will this last with Eurozone economic announcements on the horizon?

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EUR/GBP Outlook: EURGBP Declines after Disappointing German GDP Data

The high flying Euro weakened today after the German economy recorded the sharpest decline ever recorded. EURGBP moving towards trendline support.

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US Dollar Relief Bounce Fades After 2Q GDP Collapse Reported

The US Dollar is trying to stage a relief bounce headed into month-end, but USD price action has started to drift back lower following a historic collapse in GDP growth just reported for 2Q-2020.

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Gold Prices May Struggle as the Fed Moves to Wait-and-See Mode

Gold prices may struggle as the Federal Reserve signals it has moved to wait-and-see mode, opening the door to profit-taking after a blistering advance.

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US Dollar Faces Major Level After FOMC, Time for a Reversal?

FOMC meeting in line with expectations, emphasises pace of recovery for policy decision. US Dollar faces major level.

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German Quarterly GDP Falls at The Fastest Rate in 50 Years, EUR/USD Little Changed

The German economy contracted by just over 10% in the second quarter according to preliminary data released this morning, missing already pessimistic forecasts.

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British Pound (GBP) Latest: GBP/USD Struggling to Break Above 1.30

GBP/USD looks to be consolidating after its recent gains, with resistance at 1.30 holding it back ahead of a potential break above that level towards the March high at 1.32.

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Russell 2000, US Stocks May Rise Despite Dismal Q2 GDP Data

The Russell 2000 small-cap stock index looks poised to rise despite US GDP expected to contract the most since 1947, as the FOMC maintains dovish forward guidance policy.

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USD/CAD Rates to Watch with US GDP Report on Tap

USD/CAD tags a fresh monthly low (1.3330) ahead of the update to the US GDP report, with the March/June low (1.3315) on the radar.

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