Equity markets suffered a sharp reversal last week despite encouraging economic data out of the United States. Now, investors will keep a keen eye on the performance of tech stocks for further clues.
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Saturday, 5 September 2020
Friday, 4 September 2020
Canadian Dollar Eyes Bank of Canada Rate Decision as Covid-19 Cases Rise
The Canadian Dollar may fall if the Bank of Canada Rate decision inflates selling pressure in tandem with gloomy economic data out of the United States.
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Gold Price Forecast: US Dollar, Treasury Yields Diverge and Drive Trend
Gold prices may trade range-bound as XAU/USD echoes the divergence between Treasury yields and the US Dollar. What could be a downside risk for the yellow metal?
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DailyFX Education Summit: Trade Your Market
The DailyFX Education Summit will be held online from September 15 to September 17. Register now!
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S&P 500 Price Outlook: Trader Positioning Pivots as VIX Spikes
The S&P 500 continues lower for a second day as retail and options traders shift exposure following a better than expected jobs report
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EUR/USD Price Analysis: NFP data Pushes EURUSD Closer to Key Support
NFP data roughly in-line with expectations at 1.371 million new jobs added in August. Encouraging unemployment data beat estimate of 9.8% coming in at 8.4%. EUR/USD trading lower
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US Dollar Swings on NFP Report Beat, Unemployment Below 9%
The August 2020 NFP report just crossed the wires and topped market estimates, which is bolstering the Dollar as the US economy added 1.3-million jobs and unemployment fell to 8.4%.
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Japanese Yen outlook: Unemployment data may prompt USD/JPY bulls
With NFP data scheduled for later today, could USD/JPY push up toward topside resistance?
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Gold Prices Flirt with Trend Reversal as US Jobs Data Looms Ahead
Gold prices are flirting with a major trend reversal that could upend the rise from March lows as all eyes turn to Augusts’ US jobs report. A soft result may weigh on XAU/USD.
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South African Rand Forecast: USD/ZAR, EUR/ZAR, GBP/ZAR Setups
Big levels in play as Rand flirts with key levels of support
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GBP/USD Drifts Ahead of NFPs, FTSE 100 Breaks Support After US Equity Rout
The monthly US Labor report awaits later today and markets are becoming increasingly nervous after Thursday’s heavy sell-off in the US equity markets.
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USD/CAD Poised to Resume Downtrend Ahead of Non-Farm Payrolls Report
The USD/CAD exchange rate appears poised to resume its 6-month downtrend ahead of the US Non-Farm Payrolls (NFP) report for August.
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Thursday, 3 September 2020
NZD/USD Pulls Back from 2020 High as RBNZ Outlines Future Policy Tools
NZD/USD pulls back from a fresh yearly high (0.6789) as RBNZ Governor Adrian Orr provides an overview of the “additional tools that we are considering.”
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S&P 500 Sinks, Biden Leads Trump, China Releases New Chip Sector Plans
The S&P 500 experienced its biggest one-day slump since June 11 as China announced plans to boost domestic semi-conductor chip production. Biden continues to lead Trump in the polls.
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FTSE 100 Forecast: Technical Break Opens Door For Further Losses
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.
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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.
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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.
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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.
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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.
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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.
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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 ...