DailyFX - Feeds all

DailyFX - Feeds all

US Dollar Remains Pressured on Record Consumer Confidence Drop

Posted: 28 Apr 2020 07:07 AM PDT

Despite the sharp drop in consumer confidence Tuesday morning, the US Dollar remains under pressure as plans for reopening the global economy come into focus.

US Dollar Suffers, Australian Dollar and Japanese Yen Shine - US Market Open

Posted: 28 Apr 2020 06:15 AM PDT

Global risk sentiment lends support to US equities. Dollar weakness broad-based, while oil remains volatile.

EUR/USD Price Vulnerable to Central Bank and Data Induced Volatility

Posted: 28 Apr 2020 05:30 AM PDT

EUR/USD volatility is likely to jump over the next two days with the latest FOMC and ECB policy announcements, alongside Q1 GDP data which is expected to show both economies contracting sharply.

AUD/USD, EUR/USD, Gold Charts & More to Watch

Posted: 28 Apr 2020 04:35 AM PDT

The Aussie recovery looks to have more room to go, the Euro is at a major inflection point worth paying close attention to, while gold tries to stay firm.

Gold Price Slides on Renewed Risk Appetite, Unable to Break Trend Resistance

Posted: 28 Apr 2020 01:30 AM PDT

The price of gold has dipped further this morning with the uptrend from the March 19 low acting as strong resistance. A short-term series of lower highs dominate price action.

British Pound (GBP) Latest: Caught Between Oil Woes and Lockdown Hopes

Posted: 28 Apr 2020 01:00 AM PDT

Sterling and other riskier assets, including the FTSE 100, will likely continue to trade sideways near-term as hopes that coronavirus lockdowns will be eased are offset by continuing turmoil in cru...

US Dollar May Gain From Risk Aversion if Confidence Data Sours Sentiment

Posted: 28 Apr 2020 12:00 AM PDT

The US Dollar may rise if consumer confidence data reveals how severely the coronavirus pandemic has infected the optimism of the steam engine of American growth.

Gold Prices Retreat As Hopes For Virus-Lockdown Rollbacks Endure

Posted: 27 Apr 2020 11:00 PM PDT

Gold lost out to riskier assets in Asia as investors still hope that maybe the worst of the pandemic is behind them. That's a big maybe though and the metal remains near recent highs.

AUD/USD Preserves Ascending Channel Formation Even as RSI Deviates

Posted: 27 Apr 2020 10:00 PM PDT

AUD/USD continues to track the upward trending channel carried over from March even though the Relative Strength Index (RSI) deviates with price.

Copper Prices Could Offer Best Coronavirus-Recovery Steer

Posted: 27 Apr 2020 09:00 PM PDT

With oil prices wilting under the weight of their own market dynamics, and stock markets infectiously optimistic, could the key industrial metal be telling an important truth?

USD/SEK, EUR/SEK Ripe for Bullish Breakout Ahead of Riksbank Rate Decision

Posted: 27 Apr 2020 08:00 PM PDT

The Swedish Krona may fall versus the US Dollar and Euro if the Riksbank rate decision and outlook for the virus-shaken economy accentuates selling pressure in SEK.

New Zealand Dollar Slips, Ardern's Virus Caution Adds To Risk-Off Tone

Posted: 27 Apr 2020 07:11 PM PDT

The New Zealand Dollar headed lower as its home country's political leader sounded a solemn note even as the nation declares coronavirus beaten.

US Dollar Outlook vs SGD, IDR, MYR Hinges on Foreign Exchange Reserves

Posted: 27 Apr 2020 06:00 PM PDT

The US Dollar stabilized versus the Singapore Dollar, Indonesian Rupiah and Malaysian Ringgit as central banks spent foreign exchange reserves amid the virus. Why is this important?

USD/CAD Rate Tracks Monthly Range as Federal Reserve Expands MLF

Posted: 27 Apr 2020 05:00 PM PDT

USD/CAD may continue to track the monthly range as the break of the descending channel formation fails to produce a test of the April high (1.4298).

S&P 500 Forecast, at Turning Point? Australian Dollar May be at Risk

Posted: 27 Apr 2020 04:00 PM PDT

The S&P 500 may be at a turning point, leaving the Australian Dollar at risk as markets await key US earnings data. Trump-China comments could cool sentiment during Asia Pacific trade.

US Dollar Eyes Coronavirus Impact on Consumer Confidence Data

Posted: 27 Apr 2020 03:12 PM PDT

The DXY Index has drifted modestly lower since Friday, but consumer confidence data due for release might rekindle US Dollar strength as economic indicators detail the staggering costs of COVID-19.

Gold Price Outlook: XAU Confluent Support - FOMC, ECB on the Docket

Posted: 27 Apr 2020 01:00 PM PDT

Gold prices have put in some big moves after a near-15% drop in March led into a 20% rally up to fresh seven-year-highs in mid-April.

Nasdaq 100 Price Outlook: Levels to Watch Ahead of Big-Tech Earnings

Posted: 27 Apr 2020 11:45 AM PDT

Some of the biggest technology names are scheduled to report their quarterly earnings this week, a string of events that could spark price volatility for the tech-heavy Nasdaq 100.

Dollar vs Mexican Peso Technical Price Outlook: USD/MXN Rally at Risk

Posted: 27 Apr 2020 10:00 AM PDT

Mexican Peso is down more than 8.6% from the April extremes and takes price into a key resistance zone. Here are the levels that matter on the USD/MXN technical charts.

Crude Oil Price Rout Endures, Futures Crash 25% Ahead of GDP

Posted: 27 Apr 2020 08:45 AM PDT

Crude oil prices are retreating to start the trading week with June 2020 futures down nearly 30% as demand woes persist and storage capacity bulges ahead of 1Q-2020 global GDP data reports.
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