Friday, 20 November 2020

Euro Forecast: EUR/USD Outlook Worsens After EU Recovery Fund Vetoed

With the markets focused on coronavirus vaccines, it was easy to miss news last week that Poland and Hungary have blocked the EU’s recovery fund; another potential negative for the Euro.

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

US Dollar Forecast: DXY Index Stuck in Range as Fed-Treasury Fight Goes Public

Will the Fed-Treasury disagreement help or hurt the US Dollar?

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

Gold Price Outlook: XAU/USD Still Primed for Higher Ground

Gold prices fell for a second consecutive week as inflation expectations eased after a U.S. political shift. A dispute between the Federal Reserve and Treasury is boosting gold prices, will momentu...

from DailyFX - Market News https://ift.tt/3nMWg43
via IFTTT

Gold Breaks Bearish Price Pattern Amid Failure to Test September Low

The price of gold breaks out of the series of lower highs and lows from earlier this week as it stages another failed attempt to test the September low ($1849).

from DailyFX - Market News https://ift.tt/2IT405y
via IFTTT

Central Bank Watch: BOC, RBA, RBNZ Rate Expectations; CAD, AUD, NZD Positioning Update

All three of the commodity currency central banks – the BOC, RBA, and RBNZ – have seen dovish rate cut expectations scaled back significantly in recent weeks.

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

DAX Price Outlook: Bullish Pennant May Provide Added Boost

The bullish pennant formation could lead to a bullish continuation if confirmed.

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

USDMXN Outlook - Staring at a Fresh Multi-Month Low on Renewed US Dollar Weakness

USDMXN is eyeing a break below 20.00 for the first time since early-March as emerging market currencies continue to nudge higher on growing vaccine optimism.

from DailyFX - Market News https://ift.tt/3kOH1pt
via IFTTT

Canadian Dollar Forecast: USD/CAD, CAD/JPY Levels to Watch

Directionless trading for USD/CAD, maintaining narrow range. CAD/JPY retraces vaccine spike

from DailyFX - Market News https://ift.tt/3nDcOf1
via IFTTT

FTSE 100 Struggles to Consolidate Further Upside Momentum on Brexit Concerns

Another setback in Brexit negotiations puts pressure on UK assets

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

US Dollar and Japanese Yen May Rise on Fed, Treasury Sniping

The anti-risk US Dollar and Japanese Yen may turn higher as sniping between the US Treasury Department and the Federal Reserve amid rising Covid cases spooks the markets.

from DailyFX - Market News https://ift.tt/3fh5nXJ
via IFTTT

Thursday, 19 November 2020

Gold Prices Eye Treasury-Fed Clash, Crude Oil at Risk on Covid Lockdowns

Gold prices reversed losses as yields declined over the Treasury-Fed squabble about unused stimulus funds. Crude oil may be at risk on rising Covid cases that are threatening lockdowns.

from DailyFX - Market News https://ift.tt/36Pq6yh
via IFTTT

Hang Seng, ASX 200 May Rebound with Dow Jones as Housing Data Beats

Asia-Pacific stocks look set to recover some losses on Friday following a mild tech-led rebound on Wall Street. US existing home sales reached a 15-year high, while initial jobless claims disappoin...

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

Japanese Yen Outlook: USD/JPY May Fall to Support as Covid Boosts Haven Bets

Despite the continuing surge in Covid cases and a worse than expected U.S. jobless claims report, Wall Street ended the day higher. USD/JPY reversed an intraday move higher, looking to trendline su...

from DailyFX - Market News https://ift.tt/32Y6tD6
via IFTTT

How to Research Stocks: A Step by Step Guide

Do you know how to research stocks? Keep reading for insights and tools to supplement your stock investing strategy.

from DailyFX - Market News https://ift.tt/2IHQv9h
via IFTTT

S&P 500 Forecast: How Will the Addition of Tesla Impact the Index?

S&P Dow Jones Indices announced Tesla will join the S&P 500 on December 21, making it the largest single-stock addition to the index in its history. What does this mean for the S&P 500 and Tesla?

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

AUD/USD Consolidation Takes Shape Following Test of Monthly High

Swings in risk appetite may sway AUD/USD over the remainder of the month as the US Dollar continues to reflect an inverse relationship with investor confidence.

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

USD/CAD Outlook: Weekly Range Remains Intact Ahead of G20 Summit

USD/CAD may consolidate ahead of the virtual Group of 20 (G20) Summit on tap for November 21-22 as the exchange rate appears to be trading within a defined range.

from DailyFX - Market News https://ift.tt/38V9zLO
via IFTTT

Implied Volatility: What is it & Why Should Traders Care?

Implied volatility, synonymous with expected volatility, is a variable that shows the degree of movement expected for a given market or security.

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

US Dollar Beginning to Correct Higher, NZD/USD Upside Stretched

Renewed lockdown in NYC sees equities under pressure while USD firms

from DailyFX - Market News https://ift.tt/2Kni9c1
via IFTTT

CAC 40 Forecast: French Stocks Ready to Overcome Key Fibonacci Resistance

European equities outperform the US as they have greater room to grow from coronavirus-led drops

from DailyFX - Market News https://ift.tt/3pBIkvA
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...