DailyFX - Feeds all

DailyFX - Feeds all

Oil Surges Higher on Trump Comments

Posted: 02 Apr 2020 08:00 AM PDT

Oil prices surged over 35 percent higher Thursday morning as news of possible production cuts from Russia and Saudi Arabia crossed the wires

US Dollar Gyrates on Record Breaking Jobless Claims

Posted: 02 Apr 2020 05:39 AM PDT

US weekly jobless claims rose to another record level on Thursday as COVID-19 continues to weigh on the economy

Oil Price Outlook: Ravaged Oil Market Needs a Russia - Saudi Arabia Production Deal

Posted: 02 Apr 2020 02:30 AM PDT

US crude oil jumped overnight on news that Russia and Saudi Arabia may announce a production truce to arrest the recent savage sell-off.

British Pound (GBP) Latest: EUR/GBP Outlook Poor, GBP/USD Stable

Posted: 02 Apr 2020 01:00 AM PDT

While GBP/USD continues to meander close to the 1.24 level, EUR/GBP is sliding, with few signs yet that the trend lower is about to reverse.

Gold Prices Lower As US Dollar Holds Up Amid Coronavirus Worries

Posted: 02 Apr 2020 12:14 AM PDT

Gold retains a strong underlying bid but is struggling to progress as the US Dollar steals its haven crown. Oil prices have gained on hopes for price war resolution.

Euro Outlook Shaky After ECB Warns of Sovereign Debt Crisis 2.0

Posted: 02 Apr 2020 12:00 AM PDT

The Euro may be at risk of a market-wide selloff if concerns about financial stability in the Eurozone and the prospect of another credit crisis emerges.

AUD/USD Bear Flag Continues to Take Shape Following RBA Minutes

Posted: 01 Apr 2020 10:00 PM PDT

AUD/USD appears to be stuck in a narrow range, but the rebound from the yearly low (0.5506) may start to unravel as a bear flag formation continues to takes shape.

Swiss Franc, US Dollar, Yen May Rise on Fear of Maket Closures

Posted: 01 Apr 2020 09:00 PM PDT

Reports that London-based fund managers have discussed long market closures with the Bank of England are unlikely to bear fruit, but that they happened at all may boost already-crowded haven trades.

Palladium Decline May Be Offset by Virus-Induced Supply Shock

Posted: 01 Apr 2020 07:00 PM PDT

Palladium prices may be in for a bearish correction following its 44 percent rally, though supply shortages from virus-hit mining facilities could mitigate XPD/USD losses.

EUR/USD Levels to Watch as Rebound from 2020 Low Unravels

Posted: 01 Apr 2020 06:00 PM PDT

EUR/USD may exhibit a more bearish behavior over the coming days as the exchange rate extends the series of lower highs and lows from earlier this week.

Australian Dollar at Risk as AUD/USD Descends, Yen May Fall Ahead

Posted: 01 Apr 2020 05:00 PM PDT

The Australian Dollar fell with AUD/USD at risk to reversing its bounce off March lows. Stock futures are pointing higher after the Fed eased capital requirements, leaving the Yen vulnerable.

USD/MXN Price Volatility Continues as Pair Probes Topside Barrier

Posted: 01 Apr 2020 03:35 PM PDT

USD/MXN has been a highly volatile currency pair as of late, a trend that may continue as risk appetite appears to have slowed and crude oil falls further. What does this mean for USD/MXN?

Stock Market Forecast: Recession Likely Unavoidable Amid Virus Fallout

Posted: 01 Apr 2020 02:00 PM PDT

Despite unprecedented Fed liquidity and fiscal stimulus measures, economic turmoil caused by the coronavirus mounts and raises the risk of recession, which could strongarm the stock market lower.

Australian Dollar Price Outlook: Headwinds Remain for AUD/USD

Posted: 01 Apr 2020 11:25 AM PDT

The Australian Dollar has clawed back some of its March losses, but headwinds will persist ahead of next week's RBA meeting that may see AUD/USD remain pressured.
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