DailyFX - Feeds all

DailyFX - Feeds all

USD/BRL Volatility Surges on Moro Resignation

Posted: 24 Apr 2020 08:54 AM PDT

Brazil's Minister of Justice, Sergio Moro, resigned Friday as political turmoil in the country continues. The Real continued to underperform its emerging market peers.

Canadian Dollar Price Outlook: Loonie on Offense as Oil Stabilizes

Posted: 24 Apr 2020 08:30 AM PDT

Canadian Dollar is holding a well-defined range just above the April open into the close of the week. Here are the levels that matter on the USD/CAD technical charts.

Central Bank Watch: Carry Trade Yield Appeal Wiped Out for AUD, CAD & NZD

Posted: 24 Apr 2020 08:15 AM PDT

G10 currencies' central banks are taking extraordinary measures to stem the economic fallout from the coronavirus pandemic.

Brexit Latest: EU's Barnier Signals Disappointment - US Market Open

Posted: 24 Apr 2020 06:45 AM PDT

A relatively lacklustre end to the week with European equities under pressure. Narrow ranges across FX pairs.

EUR/USD, USD/CAD, USDJPY & More: USD Charts for Next Week

Posted: 24 Apr 2020 05:30 AM PDT

The Euro is in danger of a significant breakdown, the Canadian dollar is in limbo, while the Yen contracting price points to a breakout soon.

Australian Dollar Forecast: Key AUD/USD Levels to Watch For the Week Ahead

Posted: 24 Apr 2020 02:44 AM PDT

Upside momentum beginning to wane. AUD/USD turnaround would need confirmation from pullback in risks sentiment.

British Pound (GBP) Latest: GBP/USD Slides Against a Powerful US Dollar

Posted: 24 Apr 2020 01:00 AM PDT

PM Boris Johnson is expected to return to No.10 on Monday as expectations mount that a phased exit from lockdown measures may be announced soon. The FTSE 100 remains rangebound while Sterling is lo...

Euro May Fall on German IFO Data After Dismal PMI Cascade

Posted: 24 Apr 2020 12:00 AM PDT

The Euro may extend its decline versus the US Dollar if German IFO data amplifies a selloff in EUR/USD after the Eurozone, UK and US all printed alarming PMI figures.

Crude Oil Prices Up Despite Covid-19 Demand Hit. Production Cuts Eyed

Posted: 23 Apr 2020 11:21 PM PDT

The crude oil markets has seen some fightback as investors hope more producing regions will respond to collapsing demand with much reduced supply.

How Do Politics and Central Banks Impact FX Markets?

Posted: 23 Apr 2020 10:00 PM PDT

Foreign exchange – or "forex" – markets often pay close attention to politics and central bank policy. We offer a model for traders to gauge their impact on exchange rates.

Indian Rupee Gains But US Dollar May Rise as Nifty 50 Eyes Virus Risk

Posted: 23 Apr 2020 08:00 PM PDT

Indian Rupee gains on the RBI's operation twist may be short lived if the haven-linked US Dollar rises as the virus lockdown persists. The Nifty 50 trades within a bearish formation.

Gold Prices May Stay High as 2008 Crisis Cure Bedevils Covid-19 Policy

Posted: 23 Apr 2020 07:00 PM PDT

Gold prices well-supported as keeping interest rates ultra-low in response to the 2008 global financial crisis proves problematic for fighting the next one, the coronavirus outbreak.

USD/MXN Achieves Bullish Breakout, USD/ZAR Tests New Highs

Posted: 23 Apr 2020 06:00 PM PDT

USD/MXN may be on the verge of a bullish spike after it broke a key technical level in a short-term continuation pattern as USD/ZAR tests new highs.

USD/CAD Rate Breakout Flops Ahead of April High

Posted: 23 Apr 2020 05:00 PM PDT

USD/CAD may trade within a more defined range over the remainder of the month amid the failed attempt to test the April high (1.4298).

Australian Dollar Stalled as Gilead Virus Drug Trial Disappointed

Posted: 23 Apr 2020 04:00 PM PDT

The Australian Dollar stalled as AUD/USD got caught in resistance after Gilead Sciences coronavirus drug trial disappointed. S&P 500 futures are pointing lower into Friday trade.

Dow Jones Technical Forecast for the Week Ahead

Posted: 23 Apr 2020 02:15 PM PDT

The Dow Jones lags the Nasdaq and S&P 500 but has climbed nevertheless. If risk appetite continues in the week ahead, the Industrial Average may have to negotiate multiple barriers overhead.

Australian Dollar Price Analysis: Can AUD/USD Bulls Take on .6500?

Posted: 23 Apr 2020 12:35 PM PDT

AUD/USD has rallied by more than 800 pips in a little more than a month, coming in stark contrast to the bearish theme that had built in Aussie in Q1.

Euro Forecast: EUR/USD Plunges Below 1.08 as EU Summit Flops

Posted: 23 Apr 2020 11:56 AM PDT

EUR/USD price action spikes lower as the Euro comes under heightened selling pressure in late Thursday trade after EU leaders fail to agree on much needed coronavirus stimulus measures.
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