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...
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Thursday, 6 August 2020
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?
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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?
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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
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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
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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
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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...
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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.
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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.
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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.
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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...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...
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British Pound (GBP) Latest: GBP/USD Nudges Higher, FTSE 100 Picks-Up as President Trump Takes ActionThe British Pound is registering small opening gains and the FTSE 100 is nudging higher after US President Trump announced new COVID-19 aid ...