Australian Dollar May Seesaw on Chinese CPI Data, US-China Risks

The growth-anchored AUD will be closely watching CPI data out of China – Australia’s largest trading partner – and ongoing political friction between Beijing and Washington.

from DailyFX - Market News https://ift.tt/31A0bIb
via IFTTT

Oil Price Outlook Hinges on OPEC Meeting as US Output Remains Stagnant

The price of oil clears the July high ($42.51) ahead of the OPEC meeting as US crude output sits at its lowest level since 2018.

from DailyFX - Market News https://ift.tt/3krAke4
via IFTTT

Markets Week Ahead: US Dollar, Gold , Nasdaq 100, US-China Woes. Stimulus?

The US Dollar rose as the Nasdaq 100 and gold prices fell on Friday following escalating US-China tensions and a stalemate in fiscal stimulus talks. Could these important fundamental forces set the...

from DailyFX - Market News https://ift.tt/2F7L5SJ
via IFTTT

US Dollar Weekly Outlook - Short-Term Relief Rally or a Change of Heart?

The US dollar is trying to form a supportive base to rally-off but the fundamental backdrop remains gloomy for the greenback.

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

British Pound May Fall on Virus-Hit GDP Data, Brexit Stalemate

The British Pound may come under fire as uncertainty about Brexit continues to curb GBP’s enthusiasm ahead of the release of preliminary, Q2 UK GDP data.

from DailyFX - Market News https://ift.tt/2F53saW
via IFTTT

Yen May Rise as Nasdaq 100 Falls on US-China Tensions, Fiscal Woes

The anti-risk Japanese Yen may rise versus currencies like the AUD and NZD on US-China tensions and fiscal stimulus woes which sank the Nasdaq 100 at the end of last week.

from DailyFX - Market News https://ift.tt/30CN2yD
via IFTTT

S&P 500 and FTSE 100 Forecasts for the Week Ahead

Tech leading the S&P 500 towards record highs, however, China risks rise. FTSE 100 hovers in a lower range.

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

Gold Price Forecast Bright & Volatile as USD, Real Yields Swing

Gold price performance has garnered quite a bit of market attention over recent weeks as the precious metal hits new all-time highs thanks to a parabolic rally fueled by falling real yields and US ...

from DailyFX - Market News https://ift.tt/2C6sNzY
via IFTTT

USD/CNH: U.S. Sanctions Hong Kong Officials, Chinese Yuan Sinks

The Chinese Yuan took a hit on headlines that the United States is sanctioning key Hong Kong officials, including Chief Executive Carry Lam, sending USD/CNH higher Friday morning

from DailyFX - Market News https://ift.tt/3gE47hc
via IFTTT

NFP: Gold, US Dollar, S&P 500 Traders React to July Jobs Report

The July 2020 NFP report just crossed market wires and is weighing considerably on gold, US Dollar, and S&P 500 price action.

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

GBP/USD, GBP/JPY & More: Charts for Next Week

GBP versus USD and JPY are taking a breather, but both have breakout potential if they continue to hold up.

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

US Dollar Volatility Ranges Ahead of US Non-Farm Payrolls

US Non-Farm Payrolls in focus. President Trump expects a big number despite contradicting employment signals.

from DailyFX - Market News https://ift.tt/2PwAt1F
via IFTTT

British Pound (GBP) Latest: GBP/USD Drifting Lower as US Jobs Report Nears

The latest US jobs report is giving the greenback a small uplift with GBPUSD now pressing down on 1.3100 in thin turnover. Little is expected of the pair ahead of the 12:30 GMT release.

from DailyFX - Market News https://ift.tt/2XCiw6q
via IFTTT

US Dollar Poised to Recover Ahead of US Nonfarm Payrolls Report

The US Dollar Index could recover on positive US nonfarm payrolls data as RSI divergence hints at near-term reversal.

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

Crude Oil and Gold Prices Eye US Jobs Data, Fiscal Impasse, China Tension

Crude oil prices may fall as gold gains if US jobs data disappoints while an impasse on additional fiscal stimulus and growing tensions with China sour sentiment.

from DailyFX - Market News https://ift.tt/3gC7yVT
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/2XBLIKw
via IFTTT

Indian Rupee, USD/INR Look Past RBI Rate Hold. Nifty 50 Uptrend Holds

The Indian Rupee struggled to benefit from an unexpected RBI rate hold as the Nifty 50 inched closer to invalidating a bearish reversal signal. What is the road ahead for USD/INR?

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

EUR/USD Rally Continues to Be Accompanied by Extreme RSI Reading

The extreme reading in the Relative Strength Index (RSI) is likely to be accompanied by a further appreciation in EUR/USD like the behavior seen in June.

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

Nasdaq 100 Extends Rally, AUD/USD at Key Level Ahead of RBA Statement

Technology stocks rallied with risk-oriented assets after US jobs data printed better-than-expected figures. AUD/USD is trading at a key cross-section ahead of the RBA Statement on Monetary Policy.

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