US Dollar Selloff Unfazed by NFP Data with Focus on Election

The US Dollar bounced in response to solid nonfarm payrolls data, but the rebound looks short-lived with USD price action facing heavy selling pressure as election results point to a Biden presidency.

from DailyFX - Market News https://ift.tt/3l8jKjw
via IFTTT

USD/JPY - A Fresh Eight-Month Low Ahead of US Jobs Report as Vote Count Continues in Key States

The US dollar may be set for another bout of volatility later in the session with the release of the monthly US jobs report.

from DailyFX - Market News https://ift.tt/353aWpu
via IFTTT

British Pound Latest: US Dollar Driving GBP/USD Gains, EUR/GBP Upside Capped

US Dollar remans key driver behind GBP/USD gains. Bias to fading EUR/GBP rallies .

from DailyFX - Market News https://ift.tt/38hQvXC
via IFTTT

Gold Price Outlook: Bullion Aiming Higher on Dovish FOMC, Biden Lead

Gold prices may continue to push higher on the back of the increasing likelihood of a Biden presidency, ‘Blue Wave’ hopes and a dovish Federal Reserve.

from DailyFX - Market News https://ift.tt/3k3CKya
via IFTTT

Crude Oil Prices Sink, Gold Soars on US Vote Count as Jobs Report Nears

Crude oil prices fell as Joe Biden gained votes and Saudi Arabia announced price cuts in Asia. Anti-fiat gold prices soared before US jobs data. Is XAU/USD readying to push higher?

from DailyFX - Market News https://ift.tt/3l5SqSN
via IFTTT

Indian Rupee, Nifty 50 Forecast: USD/INR Sinks on US Election, Index Eyes Record High?

The Indian Rupee and Nifty 50 rose as markets bet on a Joe Biden election win. Will USD/INR retest September lows? Might India’s benchmark stock index push towards new all-time highs?

from DailyFX - Market News https://ift.tt/38nG30K
via IFTTT

Dow Jones Eyes Higher Highs on Tight Election Race, ASX 200 May Rise

US stocks climbed four days in a row as Biden appears to lead the race with narrow advantage after he took several key swing states. Asia-Pacific stocks may rise. US non-farm payrolls in focus.

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

US Dollar May Rebound as Presidential Election Results Solidify

The US Dollar may rebound as markets ponder limited scope for fiscal and monetary stimulus after results of the presidential election solidify.

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

Gold Price Forecast: Precious Metals Soar as US Dollar Sinks

Gold and silver price action surges to multi-week highs with precious metals advancing on the back of broad-based US Dollar weakness as volatility simmers in the wake of the election.

from DailyFX - Market News https://ift.tt/2I40aWS
via IFTTT

Canadian Dollar Forecast: USD/CAD Falls to Big support

USD/CAD underwent a significant reversal this week, weathering both the Presidential election and a Federal Open Market Committee meeting. The pair has slipped to major support as a result.

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

US Dollar, S&P 500 Overlook FOMC Rate Decision as Election Drags

The US Dollar and S&P 500 changed little in response to the latest Federal Reserve interest rate decision with the central bank leaving its monetary policy stance unchanged as widely expected.

from DailyFX - Market News https://ift.tt/365x8OU
via IFTTT

DAX 30, FTSE 100, CAC 40 Forecasts for the Week Ahead

While US stocks have led the charge higher this week, the DAX 30, FTSE 100 and CAC 40 have enjoyed rallies of their own, retaking key technical levels in the process. What’s next?

from DailyFX - Market News https://ift.tt/2I9vjZd
via IFTTT

Mexican Peso Outlook: USD/MXN Election Reversal to Multi-Month Low

The Mexican Peso is poised for a third weekly advance as USD/MXN breaks to fresh eight-month lows. Here are the levels that matter on technical charts post-election.

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

US Presidential Election Timeline and Implications for Gold Prices

The price of gold has become more responsive to the macroeconomic landscape since President Richard Nixon took steps to end the Bretton-Woods system starting in 1971.

from DailyFX - Market News https://ift.tt/3l38chc
via IFTTT

VIX Index: US Election Uncertainty to Drive Market Volatility

The VIX Index tends to rise as the US presidential election approaches as investors hedge against potential downside risk that can arise from such a turbulent event.

from DailyFX - Market News https://ift.tt/2U31bRz
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/3mW6aQB
via IFTTT

Japanese Yen Forecast: USD/JPY Approaches Multi-Year Significant Level

A likely Biden Presidency weighs on the greenback, pushing USD/JPY to critical level.

from DailyFX - Market News https://ift.tt/3k0Peq4
via IFTTT

Bitcoin (BTC) Powers to a Near Three-Year High, Ethereum (ETH) Lags the Move

Bitcoin continues its recent push higher and is now back at highs last seen nearly three years ago. Ethereum is also on the move but is lagging Bitcoin’s advance.

from DailyFX - Market News https://ift.tt/2I0irUZ
via IFTTT

Goldilocks Scenario for Markets After US Election: Risk Assets to Benefit

The US Election results, with Democrat Joe Biden expected to be President but the Republicans to hold on to the Senate, is a perfect combination for higher stock prices and a weaker US Dollar.

from DailyFX - Market News https://ift.tt/34Zw67H
via IFTTT

Bank of England Ramps Up QE Program, Rates Left Unchanged, Sterling Pushes Higher

The UK central bank increased its bond-buying program by a larger than expected GBP150 billion and voted unanimously to keep the bank rate unchanged

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