USD/CAD Eyes September High Following Break of Monthly Opening Range

Key market trends may continue to influence USD/CAD in November as the US Dollar reflects an inverse relationship with investor confidence.

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

ECB Leaves Rates Unchanged, EUR/USD Remains Weak and Tests 1.1700

The European Central Bank (ECB) left all monetary levers untouched today, as expected, and will shortly add more color to its decision at the regular press conference

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

US Dollar Rally Pauses as 3Q GDP Report Tops Market Forecast

US Dollar is edging modestly lower in the wake of the 3Q-2020 GDP report that just crossed market wires, which posted the fastest quarterly growth rate on record.

from DailyFX - Market News https://ift.tt/31QQVAc
via IFTTT

Euro Dollar Forecast: EUR/USD Apprehensive Ahead of ECB Meeting

EUR/USD faces political and economic pressure as Europe introduces fresh lockdown measures ahead of US elections.

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

Australian Dollar Forecast: AUD/NZD Looking a for Turning Point

AUD/NZD looks to have priced in RBA easing, while RBNZ is still intent on negative rates.

from DailyFX - Market News https://ift.tt/35H8EeE
via IFTTT

USDJPY Pressing Down on Support as US Election, Covid Lockdowns Fuel Risk Aversion

USD/JPY continues to press down hard on multi-month support as the Japanese Yen picks up a fresh risk-off bid

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

British Pound (GBP) Latest: GBP/USD Rallying After Wednesday's Spike Lower

GBP/USD is back to the 1.30 level and rising gently after Wednesday’s selloff led to a brief spike below trendline support that was soon reversed.

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

EU Stoxx 50 May Fall Further on European Lockdowns Ahead of ECB

Europe’s benchmark EU Stoxx 50 index may extend its declines amid a wave of enhanced coronavirus restrictions ahead of the European Central Bank interest rate decision.

from DailyFX - Market News https://ift.tt/3mxo7F4
via IFTTT

Crude Oil, Gold Prices May Fall Further if US GDP Data Disappoints

Crude oil and gold prices may continue to fall if third-quarter US GDP data disappoints, triggering another round of liquidation across global financial markets.

from DailyFX - Market News https://ift.tt/3jM2Qpr
via IFTTT

ASX 200 and Nikkei 225 Vulnerable to Further Declines as US Stocks Tumble

Asia-Pacific stocks might be vulnerable to a deeper pullback following a bloodbath session on the Wall Street due virus resurgence. The VIX Volatility Index soared whereas risk assets fell broadly.

from DailyFX - Market News https://ift.tt/31V1hzk
via IFTTT

Gold Selloff to Accelerate With Less Than a Week Until Election Day?

Gold prices may face heightened liquidation pressure after XAU/USD broke a multi-week uptrend with the election less than a week away.

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

S&P 500 Price Forecast: Options Traders Hedge Bets as VIX Soars

The S&P 500, along with the broader US equity group, closed deep in the red on Wednesday as markets grappled with the threat of rising coronavirus infection rates and mounting uncertainty headed in...

from DailyFX - Market News https://ift.tt/35MjeB0
via IFTTT

Why Did the Nasdaq 100 Fall Today? What it Means for Tech Earnings

The Nasdaq 100 suffered an abrupt decline Wednesday, just a day before earnings are to be released from Apple, Amazon, Google and Facebook. Together, they represent a massive chunk of the index.

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

Crude Oil Prices Spike Lower as Volatility Fuels Risk Aversion

Crude oil price action has crumbled over 5% during Wednesday’s trading session as coronavirus lockdowns mount and crush demand prospects for the commodity closely tied to economic activity.

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

Central Bank Watch: BOE, ECB, & Fed Rate Expectations; EUR, GBP, Dow Positioning Update

Rate markets are pulling forward ECB interest rate cut expectations ahead of the October policy meeting.

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

How Will Markets React to the 2020 US Presidential Election?

A second term of Trump or a first term of Biden could have significantly divergent outcomes for the U.S. economy and global financial markets.

from DailyFX - Market News https://ift.tt/2Jbi3DD
via IFTTT

SA Rand Update: Budget Speech Preview, CPI Remains in Target Band

USD/ZAR Price analysis ahead of the much anticipated Medium-Term Budget Policy Statement

from DailyFX - Market News https://ift.tt/31NLQJ0
via IFTTT

Trump Vs. Biden on Economies and Markets

Depending upon the outcome of the November presidential election, the US economy could take very different tracks.

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

US Dollar Bid on Safe Haven Flows vs EUR/USD and GBP/USD

Risk aversion across markets as Eurozone nears lockdown, US Dollar given modest boost against counterparts.

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

EUR/USD Slumps as COVID-19 Resurgence Roils the Euro Ahead of the ECB Rate Decision

The Euro is under pressure as a fresh spike in coronavirus new cases and hospitalizations across Europe threatens a second wave of national lockdowns.

from DailyFX - Market News https://ift.tt/2G6fUYT
via IFTTT