DailyFX - Feeds all

DailyFX - Feeds all

Sterling Price Outlook: British Pound Threatens GBP/USD Breakout

Posted: 25 Feb 2020 08:30 AM PST

Sterling defended the 1.29-handle again this week with the recovery now eyeing downtrend resistance. Here are the levels that matter on the GBP/USD technical charts.

US Dollar Drops on Consumer Confidence Miss

Posted: 25 Feb 2020 07:49 AM PST

The Conference Board Consumer Confidence Index printed a reading of 130.7 for February, missing expectations of 132.2

US Recession Watch: Recession Odds Rekindled as Coronavirus Festers

Posted: 25 Feb 2020 07:08 AM PST

Risk of recession rises following a contraction in US business activity. How might this impact the US Dollar as economic fallout from the coronavirus radiates across the global supply chain?

GBP/USD Rise Curbed, EUR/USD Dips, Stock Market Bounce Fades - US Market Open

Posted: 25 Feb 2020 06:15 AM PST

Global equities fade initial bounce as concerns continue to mount. GBP/USD range narrows. EUR/USD eases.

US Dollar Price Action Pulls Back - Trade or Fade: EUR/USD, USD/CAD

Posted: 25 Feb 2020 05:30 AM PST

It's been a busy year already in the FX market as volatility has begun to rise. But with risk aversion front and center, can USD bulls drive DXY beyond 100?

Market Sentiment Still Weak on Virus Fears | Webinar

Posted: 25 Feb 2020 05:00 AM PST

Trader confidence remains weak as fears persist that the coronavirus outbreak is spreading and will damage the global economy.

Japanese Yen Forecast: Safe-Haven Battle May See USD/JPY Extend Drop

Posted: 25 Feb 2020 04:00 AM PST

Global equities plunge however, spill-over into currency markets have been tame. Japanese Yen may play catch-up.

British Pound (GBP) Latest: Trading Sideways Ahead of Key Brexit Talks

Posted: 25 Feb 2020 01:00 AM PST

GBP/USD remains stable despite turmoil in the markets elsewhere on concerns about the coronavirus. Looking ahead, Brexit talks next week could determine the future course of the pair.

Euro Outlook Somber as COVID-19 Threatens EU Corporate Debt

Posted: 25 Feb 2020 12:00 AM PST

The Euro may face additional selling pressure if elevated risks from the coronavirus pressure highly-indebted European corporate entities against the backdrop of faltering regional growth.

Crude Oil Price Outlook Hinges on OPEC Meeting

Posted: 24 Feb 2020 10:00 PM PST

Efforts by OPEC and its allies may keep the price of oil afloat if the group takes additional steps to rebalance the energy market.

US Dollar, USD/MYR Outlook: Malaysia Eyes Coronavirus, Political Risks

Posted: 24 Feb 2020 09:00 PM PST

The US Dollar may rise against the Malaysian Ringgit after Prime Minister Mahathir Mohamad resigned. Bank of Malaysia may cut rates on coronavirus fears with fiscal stimulus uncertain.

Bitcoin, Ripple, Ethereum Forecast: BTC/USD, ETH/USD, XRP/USD

Posted: 24 Feb 2020 08:00 PM PST

Bitcoin and Ethereum have retreated from multi-month highs and are both entering trend-defining compression zones while Ripple inches closer to support after its impressive rally.

Gold Slips Despite Stocks' Virus Hit As Market Hopes For Wall St Bounce

Posted: 24 Feb 2020 07:00 PM PST

Gold prices struggled despite Wall Street's terrible Monday as stock futures flagged a stronger start for both Europe and the US.

Australian Dollar, ASX Recouple In Misery As Coronavirus Spreads

Posted: 24 Feb 2020 06:53 PM PST

The ASX 200 stock index hit record highs this year but those days seem unlikely to return anytime soon as even equity buckles before the coronavirus outbreak.

NZD/USD Rate Rebound Vulnerable to New Zealand Trade Balance Deficit

Posted: 24 Feb 2020 05:00 PM PST

NZD/USD may struggle to retain the rebound from the monthly low (0.6303) as New Zealand is expected to post a trade deficit in January.

Canadian Dollar May Fall as Crude Oil Eyes Downtrend Resumption?

Posted: 24 Feb 2020 04:00 PM PST

The Canadian Dollar may be at risk as crude oil prices appeared to resume the steep decline from January. The Yen soared as coronavirus woes plunged stock markets across the globe.

USD Forecast: US Dollar Drops on Fed Cuts, Consumer Confidence Eyed

Posted: 24 Feb 2020 03:22 PM PST

Consumer confidence data due for release during Tuesday's trading session could weigh materially on Fed rate cut bets and thus the US Dollar as coronavirus concerns mount.

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Canadian Dollar Price Outlook: USD/CAD Bounces on Risk Aversion

Posted: 24 Feb 2020 02:50 PM PST

The US Dollar rose against its Canadian counterpart on Monday as widespread risk aversion spread across capital markets, but longstanding resistance stands narrowly overhead.

US Recession Watch: Recession Odds Rekindled as Coronavirus Festers

Posted: 24 Feb 2020 12:00 PM PST

Risk of recession rises following a contraction in US business activity. How might this impact the US Dollar as economic fallout from the coronavirus radiates across the global supply chain?

USD/MXN Price Analysis: US Dollar Spikes to 11-Week High vs Peso

Posted: 24 Feb 2020 10:20 AM PST

Spot USD/MXN price action hits an eleven-week high with the US Dollar spiking 3.5% against the Mexican Peso over the last four trading days to test its 200-DMA as coronavirus concerns run rampant.

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