Thursday, 6 August 2020

Canadian Dollar Forecast: USD/CAD Mired by Trump Tariffs on Metals

The Canadian Dollar could start to crumble on the back of fresh aluminum tariffs just announced by President Trump, which may jeopardize the USMCA deal, and brings USD/CAD price action into the cro...

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

USD Price Outlook: US Dollar in Focus with Jobs Report Due

USD price action whipsawed over the last five trading sessions; can nonfarm payrolls data on deck spark a move in the US Dollar with enough impetus to breach critical technical barriers?

from DailyFX - Market News https://ift.tt/2Xv0kvl
via IFTTT

EUR/JPY Latest: Euro bulls persistent on topside resistance

The Euro run has been immense to say the least but how long can this upward impetus be sustained?

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

USD/TRY, EUR/TRY Jump to Record Highs on Lira Weakness

The Turkish Lira weakened considerably on Thursday, sending USD/TRY and EUR/TRY to record highs following money market disruptions in an already fragile economy

from DailyFX - Market News https://ift.tt/2XA8lzg
via IFTTT

AUD/USD Analysis: Aussie Dollar Nearing 2020 High Ahead of NFP Data

The Australian Dollar has continued its strong upward trend since the March low with the 2020 high in view ahead of the US NFP data on Friday

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

Silver Surfing Higher, USD/TRY Spikes to Record High, GBP Jumps on BoE - US Market Open

GBP rises as BoE walk back on negative rates, USD/TRY spikes to record peak, silver surfing higher

from DailyFX - Market News https://ift.tt/39ZUqr7
via IFTTT

EUR/USD Price Waits for US NFPs, EUR/GBP Slides on Sterling Strength

After printing a fresh two-year high earlier in the session, EUR/USD has edged lower and is now waiting for Friday’s US NFP report to signal the next move.

from DailyFX - Market News https://ift.tt/3a2GnB5
via IFTTT

Gold Price Surge May Be Losing Steam, US Fiscal Stimulus Eyed

Gold prices may backtrack after hitting a record high as technical positioning hints bullish momentum is ebbing. US fiscal stimulus negotiations are in the spotlight.

from DailyFX - Market News https://ift.tt/2Pt70pd
via IFTTT

New Zealand Dollar (NZD) vs Canadian Dollar (CAD): Levels to Watch

NZD weakening against major counterparts ahead of pivotal RBNZ meeting. NZD/CAD in focus.

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

Wednesday, 5 August 2020

Bank of England Leaves Policy Measures Unchanged, GBP/USD Picks Up a Bid

The Bank of England left all policy levers untouched, leaving Sterling free to push higher against a weak US dollar.

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

EUR/USD, EUR/CHF Rates at Risk as Rising Covid-19 Cases Sour Sentiment

EUR/USD, EUR/CHF rates at risk of near-term pullback as Covid-19 ‘second wave’ fears weigh on regional investor sentiment.

from DailyFX - Market News https://ift.tt/31nG93A
via IFTTT

Dow Jones Leads Mixed Nikkei 225 and ASX 200, DBS Boosts Straits Times

Japan’s Nikkei 225 and Australia’s ASX 200 stock indices erased earlier gains after a strong US session. Singapore’s largest bank announced strong earnings.

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

USD/CAD Breaks Down From June Range While RSI Approaches Oversold Zone

An oversold reading in Relative Strength Index (RSI) is likely to be accompanied by a further depreciation in USD/CAD like the behavior seen in June.

from DailyFX - Market News https://ift.tt/3kk3xHE
via IFTTT

New Zealand Dollar Time Cycle: Implications for NZD/USD and NZD/JPY Rates

The New Zealand Dollar may extend its surge from yearly lows as it tentatively signals a cyclical upturn. NZD/USD, NZD/JPY rates poised for further gains.

from DailyFX - Market News https://ift.tt/30u41Dp
via IFTTT

AUD/USD Trades to Fresh Yearly High Ahead of RBA Policy Statement

The updated Statement on Monetary Policy may keep AUD/USD afloat as the RBA continues to rule out a negative interest rate policy (NIRP) for Australia.

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

US Dollar May Extend Losses as Gold Prices Surge With Stock Markets

The US Dollar may continue to decline versus gold and growth-linked assets in an environment of high risk tolerance and buoyancy in equity markets.

from DailyFX - Market News https://ift.tt/3kf6qtq
via IFTTT

NFP: Nonfarm Payrolls Drives the US Dollar & Forex Volatility

Several fundamental forces can impact the US Dollar, but the monthly release of nonfarm payrolls in particular is a frequent driver of USD price action that tends to spark above-average forex volat...

from DailyFX - Market News https://ift.tt/2PphkP6
via IFTTT

GBP/USD Price Outlook: Pound Sterling Eyes BoE Update on Tap

The Pound-Dollar looks primed for currency volatility judging by implied GBP/USD price action headed into Thursday’s scheduled Bank of England (BoE) monetary policy update.

from DailyFX - Market News https://ift.tt/33ssKda
via IFTTT

Bank of England (BoE) Rate Decision Preview: So Far, So V

The BoE is not expected to make any major changes to the current monetary policy. But surprise negative rate talk is a risk.

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

US Dollar Price Action: USD Bears are Back - EUR/USD, AUD/USD

USD bears didn't wait around for long: After a resistance test at a significant swing-low from 2018, sellers have returned with a vengeance.

from DailyFX - Market News https://ift.tt/3i7bRsD
via IFTTT

ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...