Crude Oil Technical Outlook: Oil Price Struggling Below 50-DMA

Oil price action remains turbulent as the commodity swings wildly within a 10% trading range in a matter of days, but downward pressure might prevail as crude fails to eclipse its 50-day moving ave...

from DailyFX - Market News https://ift.tt/36Uborx
via IFTTT

USD/JPY Analysis: USDJPY Surges, Postponement of US Stimulus Talks

President Donald Trump advised his team to walk away from stimulus negotiations until after the election. USD/JPY has seen a sharp rise but faces stern near term resistance

from DailyFX - Market News https://ift.tt/34xlefZ
via IFTTT

FTSE 100 Brewing Up for a Breakout as Technical Indicators Come Together

The FTSE 100 remains rangebound as COVID-19 and Brexit themes play out, but a breakout may be on the cards as a clutch of moving averages converge.

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

US Rates Bear Steepening as Markets Price in US Election Biden Sweep

Sizeable bear steepening in recent sessions indicates that markets are pricing in a blue wave.

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

US Dollar Ranging Amid Narrative Vacuum, AUD/USD Reacts to RBA

Amid the current narrative vacuum, FX markets are struggling for direction with major pairs trading in relatively tight ranges.

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

British Pound (GBP) Latest: GBP/USD Stable as Brexit Deadline Nears

GBP/USD continues to trade sideways, and may well continue to do so ahead of the key European Council meeting next week, when Brexit will be top of the agenda.

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

US Dollar Price Outlook Buoyed by Haven Flows Ahead of FOMC Minutes

The US Dollar Index (DXY) may extend its rebound from the yearly low ahead of the FOMC meeting minutes as haven inflows intensify in the absence of additional fiscal aid.

from DailyFX - Market News https://ift.tt/30H3QnN
via IFTTT

Crude Oil Price Forecast: Upside Capped by Stronger USD, Demand Concerns

WTI crude oil prices swung lower following President Trump’s abrupt call to halt fiscal stimulus talks, dampening the energy demand outlook. WTI faces strong resistance at its 100-Day SMA.

from DailyFX - Market News https://ift.tt/3d6ERiN
via IFTTT

AUD/USD Rate Swayed by Swings in Risk Appetite with RBA on Hold

AUD/USD broadly tracks the recent weakness in risk appetite as the Reserve Bank of Australia (RBA) interest rate decision sparks a limited reaction.

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

Silver and Copper at Risk as Trump Pulls the Plug on Fiscal Aid Talks

President Donald Trump’s abrupt decision to pull the plug on Congressional stimulus negotiations may weigh on silver and copper prices in the near-term.

from DailyFX - Market News https://ift.tt/3iE83Ps
via IFTTT

Nasdaq 100 Weighed by Halted Stimulus Talks, ASX 200 Tests 50-Day SMA

US stocks plummeted in the last tradinghour as President Trump abruptly halted stimulus talks. The US Dollar resurged on haven demand, sending shockwaves to Asia-Pacific markets.

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

How to Trade the Impact of Politics on Global Financial Markets

In a slowing global economy, the threat of geopolitical risks destabilizing global growth are elevated and open the door to violent volatility – and trading opportunities.

from DailyFX - Market News https://ift.tt/2GFKrg7
via IFTTT

Gold Price Rebound Unravels as Trump Seeks Post-Election Stimulus Bill

Swings in risk appetite may continue to influence the price of gold as US President Trump tweets that “immediately after I win, we will pass a major Stimulus Bill.”

from DailyFX - Market News https://ift.tt/3jHBod2
via IFTTT

USD May Rise After Trump Called for Post-Election Delay in Stimulus Talks

The US Dollar may rise at the expense of stocks and growth-anchored assets after President Donald Trump announced a delay in bipartisan stimulus talks until after the election.

from DailyFX - Market News https://ift.tt/3no7tZw
via IFTTT

Crude Oil Price at Risk After Trump Squashes Stimulus Hopes

Crude oil prices are at risk after President Trump announced a second round of coronavirus stimulus would not be released until after the November election.

from DailyFX - Market News https://ift.tt/2Sv4yAf
via IFTTT

S&P 500, Nasdaq Plunge as Trump Collapses Stimulus Talks

The stock market is in free-fall mode following reports just crossing the wires that US President Trump has unexpectedly stopped fiscal stimulus negotiations until after the election next month.

from DailyFX - Market News https://ift.tt/2GpIPr4
via IFTTT

How Will the Election Affect the Stock Market? Dow Jones Forecast

Presidential elections are known to dominate popular culture and news media in the lead up to November, but what does an election do to the stock market?

from DailyFX - Market News https://ift.tt/3lnYZA1
via IFTTT

UK Regulator Bans Cryptocurrency Derivatives for Retail Traders, Bitcoin Shrugs off the News

The Financial Conduct Authority banned today the sale of cryptocurrency derivatives for retail clients as regulators across the globe focus on unregulated exchanges and the financial instruments of...

from DailyFX - Market News https://ift.tt/36Ex2jc
via IFTTT

South African Rand Price Forecast: Uncertainty Looms Over USD/ZAR

With US elections on the horizon, will Rand strength remain against the US Dollar?

from DailyFX - Market News https://ift.tt/34sAk6l
via IFTTT

Japanese Yen Forecast: Momentum Pushing JPY-crosses Higher - Levels for EUR/JPY, GBP/JPY, USD/JPY

As the DXY Index has clawed back gains in recent weeks, EUR/USD rates have slid back. Their fates remain intertwined.

from DailyFX - Market News https://ift.tt/3nrtkj4
via IFTTT