USD Index Forecast: Bear Flag Pattern Emerges Amid US Stimulus Talks

The US Dollar appears poised to resume its decline from the March high, carving out a Bear Flag continuation pattern just below key chart resistance.

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

AUD/USD Forecast: Rate to Watch Ahead of Australia Employment Report

AUD/USD may stay afloat ahead of the update to Australia’s Employment report as the crowding behavior in the US Dollar carries into August.

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

US Dollar Comeback Ahead? US-China Tensions Push Havens Higher

The US Dollar may rise on haven demand as US-China tension grows over technology and intra-governmental friction afterTrump’s executive orders on coronavirus relief aid.

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

Natural Gas Price At Risk Of Pullback Amid European Storage Concerns

Natural gas prices may pull back after surging 23% in August as European storage facilities near capacity and OPEC+ hikes daily crude oil quotas.

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

S&P 500 Faces Key Chart Barrier, Hang Seng Index Looks for Support

The S&P 500 index is set to challenge a key resistance at 3,360 – the 200% Fibonacci extension level. The Hang Seng Index looks for support at around 24,400.

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

USD/CAD Rate Rebound Undermined by Crowding Behavior in US Dollar

Current market conditions may keep USD/CAD under pressure as the crowding behavior in the US Dollar persists.

from DailyFX - Market News https://ift.tt/3kyBF2U
via IFTTT

AUD/NZD Broke Half-Decade Ceiling. Tech Stocks Retreat on Sino-US Risks

AUD/NZD has crossed a key technical threshold after being rejected by descending resistance for five years. Technology stocks continue to suffer amid growing US-China tension.

from DailyFX - Market News https://ift.tt/2XMZs58
via IFTTT

Dow Jones & DAX 30 Forecasts: Lagging Industrials Stymie Gains

The Dow Jones and DAX 30 continue to lag the tech-heavy Nasdaq 100 as their greater exposure to industrial sectors looks to keep a lid on explosive gains.

from DailyFX - Market News https://ift.tt/3iwHWub
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/2PHhBxa
via IFTTT

Dollar vs Mexican Peso Price Outlook: USD/MXN Range Breakout Imminent

Mexican Peso has carved the August opening-range just below trend resistance- breakout to offer guidance. Here are the levels that matter on USD/MXN technical charts.

from DailyFX - Market News https://ift.tt/31Gdd6O
via IFTTT

Markets in Limbo as Volatility Gyrates: VIX, EVZ, VXEEM, OVX

Gauges of cross-asset volatility like the VIX, EVZ, VXEEM, and OVX have tumbled lower as appetite for risk prevails, but building uncertainty around fiscal stimulus and trade tension hangs over mar...

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

FTSE 100 Forecast for the Week Ahead: Key Data Due as Momentum Fades

The FTSE 100 will await key data from the United Kingdom as bullish momentum has begun to fade over the last few weeks. Can a strong showing revive risk appetite?

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

US Dollar Consolidates Below Critical Support - Key Levels for DXY Index

The US Dollar (via the DXY Index) has fallen below uptrend support in place since 2011.

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

Canadian Dollar Price Outlook: USD/CAD Tests TL Resistance

USD/CAD has put in a resistance check, but can the pair break through short-term support?

from DailyFX - Market News https://ift.tt/3ak11Ni
via IFTTT

Weekly Crude Oil Technical Forecast: Tedious Trading Continues

Crude oil prices have been rather quiet in recent weeks, with the four-week ATR falling to its lowest level since the last week of December.

from DailyFX - Market News https://ift.tt/2DGHfzB
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/2Y2u3Mz
via IFTTT

Gold Price Steadies After Friday's Sell-Off, Silver's Volatility Remains Elevated

Gold and silver continue to regroup after Friday’s sharp sell-off as familiar themes battle to take control of short-term price action.

from DailyFX - Market News https://ift.tt/3gIiz8c
via IFTTT

British Pound (GBP) Latest: GBP/USD Nudges Higher, FTSE 100 Picks-Up as President Trump Takes Action

The British Pound is registering small opening gains and the FTSE 100 is nudging higher after US President Trump announced new COVID-19 aid measures.

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

British Pound Outlook: GBP/USD, GBP/JPY at Risk Ahead of UK Jobs Data

The British Pound may fall on disappointing UK employment data as investors look ahead to the end of the government’s furlough scheme in October.

from DailyFX - Market News https://ift.tt/3inQfs3
via IFTTT

Crude Oil Prices Eye US Congress for Direction Amid Fiscal Deadlock

Crude oil prices look for direction in ongoing negotiations in the US Congress about a new round of fiscal stimulus to counter Covid-19 malaise.

from DailyFX - Market News https://ift.tt/33Ibq43
via IFTTT