Nikkei 225 & ASX 200 Price Forecast: Stock Selloff Sees Support Broken

An abrupt reversal in risk assets has seen the Nikkei 225 and ASX 200 fall beneath nearby support, threatening further losses. Here are the levels to watch in the days ahead.

from DailyFX - Market News https://ift.tt/32NAs0L
via IFTTT

Dollar vs Mexican Peso Outlook: USD/MXN Rally Eyes Trend Resistance

Mexican Peso is under pressure this week with a recovery in USD/MXN taking price into downtrend resistance. Here are the levels that matter on technical charts.

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

Gold Price Breaks Lower as Risk Aversion Spikes and Volatility Soars

Gold suffered a bearish breakdown to start the week as risk aversion spiked across global markets. Typically viewed as a safe haven commodity, gold seems to have been caught in the crossfire.

from DailyFX - Market News https://ift.tt/3iQqDF1
via IFTTT

USD Price Outlook: US Dollar Ripping Higher as Markets Swoon

The US Dollar is advancing sharply as markets accelerate lower on the back of mounting risk aversion. Can USD price action continue its ascent or will the DXY Index recoil lower?

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

Dow, Nasdaq Price Forecast: US Stocks September Slide Continues

Both the Dow and Nasdaq have shown different tonalities since the September open, with reversal tendencies showing after the blistering rallies that took hold through the summer.

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

Markets Week Ahead: S&P 500, US Dollar, Yen, NZD, RBNZ, Powell Testifies

The S&P 500 has been wobbling but the haven-linked US Dollar has been struggling to catch a bid. The anti-risk Japanese Yen is shining instead. Has the Fed left investors wanting more? Ahead, NZD e...

from DailyFX - Market News https://ift.tt/361UBlw
via IFTTT

FTSE 100 Hit Hard as Fears of a New COVID-19 Lockdown Grow

The UK’s two top scientific advisors will address the nation today at 11:00 BST and warn that tougher lockdown measures may be on the way if the public doesn’t follow government guidelines.

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

GBP/USD To Extend Slide on No-Deal Brexit Fears, Covid-19 Second Wave

GBP/USD rates look poised to break lower amid escalating ‘no-deal’ Brexit concerns and rising coronavirus case numbers.

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

Gold Price Rebound from 50-Day SMA Intact Ahead of Fed Testimony

Fresh remarks from Fed Chairman Jerome Powell may keep the price of gold afloat as the central bank relies on its emergency tools to support the US economy.

from DailyFX - Market News https://ift.tt/3hP7bHp
via IFTTT

USD, GBP, EUR Volatility Ahead of Cross-Continental Geopolitical Risks

The US Dollar, British Pound and Euro will all be closely watching key geopolitical developments in North America (Powell testimony), the UK (Brexit talks) and Europe (EU summit).

from DailyFX - Market News https://ift.tt/2ZWG4nt
via IFTTT

NZD/USD Outlook Hinges on RBNZ as Tilt in Retail Sentiment Persists

The bullish price action in NZD/USD may continue to coincide with the tilt in retail sentiment as the RBNZ appears to be on track to retain the current policy.

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

Nasdaq 100 to Test 100-Day SMA, Hang Seng and ASX 200 May Open Flat

The Nasdaq 100 futures are oscillating in early Asia hours after falling 1.07% on Friday, setting a mixed tone for Asia-Pacific open. Japan’s market closed for a two-day holiday.

from DailyFX - Market News https://ift.tt/3mBw6lb
via IFTTT

EUR/USD Breaking Down, TikTok Ban Averted. Biden Leads Trump in Polls

EUR/USD selloff may accelerate as the pair break key support. TikTok ban was averted but Sino-US tech tension lingers as the Biden-Trump spreads widens.

from DailyFX - Market News https://ift.tt/3kA0fzz
via IFTTT

Markets Week Ahead: S&P 500, US Dollar, Yen, NZD, RBNZ, Powell Testifies

The S&P 500 has been wobbling but the haven-linked US Dollar has been struggling to catch a bid. The anti-risk Japanese Yen is shining instead. Has the Fed left investors wanting more? Ahead, NZD e...

from DailyFX - Market News https://ift.tt/3cdYqp5
via IFTTT

US Dollar Outlook Bearish on Mnuchin & Powell Testimonies, Key US Data

The US Dollar may fall if demand for haven-linked assets fall after testimonies from Powell and Mnuchin to the House. Better-than-expected data may compound the Greenback’s selling streak.

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

Crude Oil Prices Vulnerable Amid Fading Demand, Oversupply Concerns

Crude oil prices could reverse lower as the OPEC Monthly Oil Market Report (MOMR) forecasts fading global demand and oversupply concerns.

from DailyFX - Market News https://ift.tt/2FT5xHr
via IFTTT

Euro Forecast: EUR/USD Outlook Turns More Bearish After Failure at 1.20

The outlook for the EUR/USD pair has worsened after its failure to move back to the high just above 1.20 touched on September 1 despite the ECB’s decision earlier this month not to talk down the Euro.

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

Japanese Yen Exhibits Bullish Behavior as BoJ Braces for Negative CPI

The Japanese Yen may continue to exhibit a bullish behavior as the Bank of Japan (BoJ) appears to be in no rush to alter the path for monetary policy.

from DailyFX - Market News https://ift.tt/35PBnj7
via IFTTT

Nasdaq 100, DAX 30 & FTSE 100 Forecasts for the Week Ahead

Technology stocks continue to be a source of weakness for US equities, undermining risk appetite. Meanwhile, US-China tensions simmer beneath the surface creating uncertainty.

from DailyFX - Market News https://ift.tt/3myDP3q
via IFTTT

New Zealand Dollar Outlook: NZD/USD May Rise on RBNZ, Watch S&P 500

The growth-linked New Zealand Dollar may rise on the upcoming RBNZ rate decision following rosy economic data. However, downside potential in the S&P 500 could offset NZD/USD gains.

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