Thursday, 29 October 2020

IBEX 35, CAC 40 In Jeopardy Amid Stringent Covid-19 Restrictions

The Spanish IBEX 35 and French CAC 40 indices are at risk of extended losses as both nations tighten restrictions amid a record surge of Covid-19 cases.

from DailyFX - Market News https://ift.tt/34GaVYb
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/3khvWhi
via IFTTT

AUD/USD Selloff May Deepen With Stalemate on Fiscal Talks. Biden Leads

AUD/USD may decline as it tests key support amid swelling risk aversion from bipartisan intransigence over fiscal stimulus and a spike in Covid-19 cases.

from DailyFX - Market News https://ift.tt/37UkNji
via IFTTT

Nasdaq 100 Forecast: Mixed Reaction to Earnings as Covid Muddles Outlook

High-impact tech earnings from Apple, Amazon, Alphabet, and Facebook showed strong growth across the tech giants, but market reactions were mixed, as Covid complicates projections

from DailyFX - Market News https://ift.tt/2JjmWL3
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/3ecNYyX
via IFTTT

Nasdaq 100, Dow Jones Climb Ahead of AAPL, AMZN, FB, GOOG Earnings

After a week of turbulence, the Nasdaq 100 and Dow Jones climbed significantly ahead of earnings from some of the largest publicly traded companies in the world. Will they meet expectations?

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

NZD/USD Pullback Takes Shape Amid Failure to Test September High

NZD/USD appears to have reversed course ahead of the September high (0.6798) as the US Dollar appreciates on the back of waning investor confidence.

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

Crude Oil Forecast: WTI Crude Oil Sinks to Fresh Four-Month-Lows

WTI Crude Oil broke down to a fresh four-month-low this morning; but found a bounce at an interesting level on the chart. Can sellers continue to push?

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

ECB Pre-Commits to More QE in December, EUR/USD and DAX Reaction

More stimulus on the way from the ECB as a second wave of COVID dampens outlook.

from DailyFX - Market News https://ift.tt/31ThjcJ
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/2HBftGP
via IFTTT

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

Wednesday, 28 October 2020

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

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...