The FTSE 100 suffered a key technical break after risk aversion in US equities spurred losses across the pond. Now, bears might look to extend their attack lower.
from DailyFX - Market News https://ift.tt/3jPwGd3
via IFTTT
Thursday, 3 September 2020
US Dollar Drives Higher Ahead of NFP Report as Volatility Spikes
The US Dollar is advancing as the VIX Index ‘fear-gauge’ turns sharply higher amid the latest resurgence of investor risk aversion, and upcoming nonfarm payrolls could fuel volatility even further.
from DailyFX - Market News https://ift.tt/3jKvNlP
via IFTTT
from DailyFX - Market News https://ift.tt/3jKvNlP
via IFTTT
Nasdaq 100, Dow Jones, S&P 500 Forecasts: Tech Stocks Falter, Lead Selloff
US equity markets opened to unrest on Thursday as leading members of the technology sector seemed to spark broader market turbulence. As a result, stocks are on pace for their biggest losses in weeks.
from DailyFX - Market News https://ift.tt/3jIKJ3P
via IFTTT
from DailyFX - Market News https://ift.tt/3jIKJ3P
via IFTTT
Gold Price Forecast: Gold Slumps to Start September, Support in Sight
Gold came into August with aggressive strength but that soon slowed down. Prices are holding on to support ahead of tomorrow's NFP.
from DailyFX - Market News https://ift.tt/2F1Npe0
via IFTTT
from DailyFX - Market News https://ift.tt/2F1Npe0
via IFTTT
USD/JPY Price Analysis: Will a Data Heavy End to the Week Spur USD?
USD/JPY has risen off the a medium-term level of support. US data (ISM, initial jobless claims and NFP) has the potential to fuel or halt recent USD gains.
from DailyFX - Market News https://ift.tt/2ET0juU
via IFTTT
from DailyFX - Market News https://ift.tt/2ET0juU
via IFTTT
S&P 500 Price Outlook: Stocks Slumps as Services PMI Declines
Stocks are hitting fresh session lows as services PMI data from the Institute of Supply Management crosses the wires, which shows the largest segment of the US economy decelerating last month.
from DailyFX - Market News https://ift.tt/34Y1HqV
via IFTTT
from DailyFX - Market News https://ift.tt/34Y1HqV
via IFTTT
US Dollar Price Outlook - Bullish Signal Appears Ahead of High Importance US Data Releases
The recent bounce in the US dollar basket (DXY) has primarily been fueled by Euro weakness and oversold USD positioning. Important US data near that may make or break this move.
from DailyFX - Market News https://ift.tt/32MwqnW
via IFTTT
from DailyFX - Market News https://ift.tt/32MwqnW
via IFTTT
USD/CAD forecast: Loonie bulls eye trendline resistance ahead of NFP
USD/CAD trading around 61.8% Fibonacci support zone before key economic data releases.
from DailyFX - Market News https://ift.tt/3jzTvBg
via IFTTT
from DailyFX - Market News https://ift.tt/3jzTvBg
via IFTTT
Germany 30 Outlook: DAX Marches on as German PMIs Beat Expectations
After recovering from March lows, the DAX remains bullish but may be entering into oversold territory.
from DailyFX - Market News https://ift.tt/3jLCIen
via IFTTT
from DailyFX - Market News https://ift.tt/3jLCIen
via IFTTT
British Pound (GBP) Latest: GBP/USD Outlook Worsens as Brexit Fears Rise
Confidence in further gains for GBP/USD, and losses for EUR/GBP, is draining away as the EU again criticizes the UK for a lack of progress in the talks on their post-Brexit relationship.
from DailyFX - Market News https://ift.tt/2QP0oCf
via IFTTT
from DailyFX - Market News https://ift.tt/2QP0oCf
via IFTTT
Euro Price Outlook: EUR/JPY May Fall as ECB Flags Currency Strength
The EUR/USD and EUR/JPY exchange rates may slide lower ahead of the ECB’s September Meeting as Chief Economist Philip Lane flags the currency’s recent appreciation.
from DailyFX - Market News https://ift.tt/32R9CUd
via IFTTT
from DailyFX - Market News https://ift.tt/32R9CUd
via IFTTT
Wednesday, 2 September 2020
AUD/USD Rate Vulnerable Following Short-Lived Overbought RSI Reading
AUD/USD may face a larger pullback over the coming days as the overbought reading in the Relative Strength Index (RSI) appears to have been short lived.
from DailyFX - Market News https://ift.tt/3bngtsz
via IFTTT
from DailyFX - Market News https://ift.tt/3bngtsz
via IFTTT
US Dollar Analysis: EUR/USD, AUD/USD, NZD/USD Outlook
The US Dollar could be encountering key crossing points versus the Euro, Australian and New Zealand Dollars. What are traders looking out for?
from DailyFX - Market News https://ift.tt/31QBb0B
via IFTTT
from DailyFX - Market News https://ift.tt/31QBb0B
via IFTTT
S&P 500 Surges Despite Weaker ADP. Nikkei 225, Hang Seng May Rise
The S&P 500 index jumped 1.54% to a record high of 3,580, despite of a weaker-than-expected ADP job report. Japan’s Nikkei 225 index and Hong Kong’s Hang Seng Index may rise.
from DailyFX - Market News https://ift.tt/2GpRUzG
via IFTTT
from DailyFX - Market News https://ift.tt/2GpRUzG
via IFTTT
New Zealand Dollar May Extend Climb Amid Easing Covid-19 Restrictions
The New Zealand Dollar may extend its climb higher despite an ultra-dovish RBNZ, as Covid-19 lockdown measures ease in New Zealand’s largest city.
from DailyFX - Market News https://ift.tt/32MAFA2
via IFTTT
from DailyFX - Market News https://ift.tt/32MAFA2
via IFTTT
EUR/USD Outlook: RSI Reverses from Trendline Resistance Ahead of NFP
EUR/USD may face a larger pullback ahead of the US NFP report as the RSI reverses from trendline resistance to preserve the bearish formation established in August.
from DailyFX - Market News https://ift.tt/3gXoDsC
via IFTTT
from DailyFX - Market News https://ift.tt/3gXoDsC
via IFTTT
AUD/NZD Retests 5-Year Inflection Point. Biden-Trump Spread Widens
AUD/NZD suffered its biggest one-day decline since March and is now retesting a key inflection point. The latest polls show a widening Biden-Trump spread – but there’s a caveat.
from DailyFX - Market News https://ift.tt/3lH3NRP
via IFTTT
from DailyFX - Market News https://ift.tt/3lH3NRP
via IFTTT
Australian Dollar Price Forecast: AUD/JPY Eyes Bullish Continuation
Continued risk appetite has allowed the Australian Dollar to make headway against the Japanese Yen, staging a bullish break out above horizontal resistance. Here are the levels to watch.
from DailyFX - Market News https://ift.tt/3bxsMTf
via IFTTT
from DailyFX - Market News https://ift.tt/3bxsMTf
via IFTTT
Gold Outlook: XAU/USD Price Action Probes Big Support Zone
Gold edged lower during Wednesday’s trading session as the US Dollar climbed and weighed negatively on XAU/USD price action, but the precious metal looks supported by a major technical level.
from DailyFX - Market News https://ift.tt/34Xis5o
via IFTTT
from DailyFX - Market News https://ift.tt/34Xis5o
via IFTTT
US Dollar Price Forecast: USD Bounce Runs into ST Resistance
The US Dollar has finally found some element of support. The big question now is whether it can hold into the Friday NFP report.
from DailyFX - Market News https://ift.tt/34WIo10
via IFTTT
from DailyFX - Market News https://ift.tt/34WIo10
via IFTTT
Subscribe to:
Posts (Atom)
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...
-
Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
-
The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....