Copper Price Forecast: Bulls Push Price to New Multi-Year High

Copper rose to a fresh multi-year high as Chinese demand and supply-side issues continue to support price action amid a lackluster US Dollar

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

Dow Jones Tries to Turn Green on Upbeat Consumer Sentiment Data

The Dow Jones has edged higher off session lows as stocks attempt to claw back recent downside after the release of consumer sentiment data, which improved and topped market expectations.

from DailyFX - Market News https://ift.tt/2RELQ8Y
via IFTTT

Central Bank Watch: BOC, RBA, & RBNZ Rate Expectations; USD/CAD, AUD/USD, & NZD/USD Positioning Update

The RBNZ may distinguish itself from the BOC and RBA in the first half of 2021.

from DailyFX - Market News https://ift.tt/2ZRcxf3
via IFTTT

South African Rand: ZAR Strengthens as SARB Signals End to Rate Cuts

USD/ZAR lower after the South African Reserve Bank (SARB) keeps the Repo Rate on hold. Implied policy path indicates no further rate cuts this year�

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

Japanese Yen Outlook: Beware of Currency Intervention Levels

Japanese Yen goes from strength to strength against the US Dollar, while CHF/JPY reversal is underway.

from DailyFX - Market News https://ift.tt/3ccZ1qM
via IFTTT

British Pound (GBP) Latest: Brexit Trade Talk, New Lockdowns and UK Retail Sales Data

The mood music in EU/UK trade talks may be shifting after EC President Ursula von der Leyen said that she was ‘convinced’ that a deal was still possible.

from DailyFX - Market News https://ift.tt/35M8ZhP
via IFTTT

USD/CAD Capped by Key Resistance Ahead of Canada Retail Sales Data

The USD/CAD exchange rate may extend its slide from the monthly high ahead of Canadian retail sales data, as the Bank of Canada’s wait-and-see approach underpins CAD.

from DailyFX - Market News https://ift.tt/3iTNU8I
via IFTTT

Dow Jones Futures Fluctuate, DAX 30 and ASX 200 In Tight Range

The Dow Jones Industrial Average futures are oscillating in early Asia hours after falling 0.47% on Thursday. Global equity indices look set to consolidate amid US fiscal stimulus uncertainty.

from DailyFX - Market News https://ift.tt/3c9FCXN
via IFTTT

Gold Price Continues to Rebound from 50-Day SMA Following FOMC

The price of gold tagged the 50-Day SMA ($1935) for the second time this month, but current market trends may keep bullion afloat amid crowding behavior in the US Dollar.

from DailyFX - Market News https://ift.tt/3c9puWh
via IFTTT

EUR/USD Selloff Ahead? Biden-Trump Spread Narrows

EUR/USD has broken two uptrends, potentially setting the pair up for a reversal as Biden’s lead over Trump narrows below the roughly 7-point average.

from DailyFX - Market News https://ift.tt/3kwn07B
via IFTTT

AUD/USD & ASX 200 Forecast: Is the Australian Dollar Hurting the ASX?

The Australian Dollar has climbed higher in recent weeks despite weakness in other risk-sensitive markets. Conversely, the ASX 200 has struggled to keep pace with its currency-counterpart.

from DailyFX - Market News https://ift.tt/3mvM54f
via IFTTT

Central Bank Watch: BOC, RBA, & RBNZ Rate Expectations; USD/CAD, AUD/USD, & NZD/USD Positioning Update

The RBNZ may distinguish itself from the BOC and RBA in the first half of 2021.

from DailyFX - Market News https://ift.tt/2FE6ymR
via IFTTT

Crude Oil Price Climbs to Test 50-DMA in Wake of OPEC+ Update

Crude oil price action advances for the third day straight, extending weekly gains to nearly 10% amid an expected OPEC+ update, but the commodity faces resistance posed by a key moving average.

from DailyFX - Market News https://ift.tt/32Feo8s
via IFTTT

Gold Price Forecast: What Will Spark a XAU/USD Break Out Rally?

The outlook for gold prices remains constructive as central banks double-down on low interest rates. Gold may benefit as a result but technical patterns have kept the precious metal contained.

from DailyFX - Market News https://ift.tt/2FPK7ek
via IFTTT

DailyFX Education Summit: Trade Your Market

The DailyFX Education Summit will be held online from September 15 to September 17. Register now!

from DailyFX - Market News https://ift.tt/32Dzeoy
via IFTTT

Gold, Dollar & Nasdaq React to FOMC Decision, Fresh Projections

The September 2020 FOMC press statement just crossed the wires and shows that the Fed decided to leave rates on hold as expected, but updated economic projections are weighing on markets.

from DailyFX - Market News https://ift.tt/3hJVpO9
via IFTTT

Silver Price Forecast: Silver Sideways as Price Action Seeks Direction

Silver Sideways as Price Action Struggles to Find Direction following FOMC Meeting Minutes.

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

Bank of England Exploring Negative Rates, GBP/USD Whacked

Bank of England fuels expectations of negative rates as they explore plans with PRA.

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

Bank of England Rate Decision Preview - What Matters

The Bank of England is expected to maintain its current monetary policy with the bank rate at 0.1% and APF at GBP 745bln.

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

USD/JPY Price Eyes Multi-Month Low, Bearish Client Sentiment Grows

The latest monetary policy decisions from the Bank of Japan and the Federal Reserve have failed to stem this week’s sharp sell-off in USD/JPY and a fresh multi-month low nears.

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