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Dollar vs Mexican Peso Technical Outlook: USD/MXN Breakdown Levels

Posted: 02 Jun 2020 08:30 AM PDT

Mexican Peso surged more than 15% against the US Dollar with USD/MXN breaking to multi-monthly lows today. Here are the levels that matter on the technical charts.

Trading Sentiment Upbeat for EUR/USD, GBP/USD, AUD/USD | Webinar

Posted: 02 Jun 2020 05:00 AM PDT

Traders are increasingly confident that the global economic recovery from the coronavirus pandemic will be swift and solid but they may be underestimating the risks posed by the turmoil in the US.

Gold Upbeat as The US Dollar Continues to Crumble, Silver Nears a Full Retracement

Posted: 02 Jun 2020 04:00 AM PDT

Gold continues to probe higher, aided by a weak US dollar, while silver's recent surge may slow as resistance comes into view.

Euro Stoxx 50, FTSE 100 Outlook: Rally to Challenge Key Resistance

Posted: 02 Jun 2020 02:30 AM PDT

Both Euro Stoxx 50 and FTSE 100 push higher in global relief rally. Topside challenges remain.

Bitcoin (BTC) Jumps to Multi-Month High, Supportive Trend Back in Place

Posted: 02 Jun 2020 01:32 AM PDT

Bitcoin (BTC) rallies back above $10,000, making a fresh multi-month high, and if the supportive uptrend holds, further gains may be seen in the short- to medium-term.

British Pound (GBP) Latest: Break Higher in GBP/USD Improves Outlook

Posted: 02 Jun 2020 01:00 AM PDT

GBP/USD has broken to the upside from a symmetrical triangle pattern on the charts, suggesting further gains to come even as the ongoing post-Brexit talks continue to make little progress.

EUR/USD Looks Ahead to ECB as 'No Deal' Brexit Fears Return

Posted: 02 Jun 2020 12:00 AM PDT

The Euro has stalled at 8-week highs ahead of the ECB monetary policy announcement whilst 'no deal' Brexit fears have returned to haunt the British Pound.

Gold Prices Rally, Crude Oil May Be in Limbo Ahead of OPEC+ Meeting

Posted: 01 Jun 2020 11:00 PM PDT

Gold prices rallied as the US Dollar sank in 'risk on' trade. Crude oil could remain in limbo ahead of this week's OPEC+ meeting with all eyes on Saudi-Russia negotiations.

AUD/USD Rate Nudges Higher as RBA Sticks to Status Quo

Posted: 01 Jun 2020 10:20 PM PDT

The Australian Dollar nudged higher after the Reserve Bank of Australia (RBA) kept the official cash rate (OCR) and the three-year yield target unchanged at 0.25%.

USD/CAD Rate Eyes Price Gap from March Ahead of BoC Rate Decision

Posted: 01 Jun 2020 09:00 PM PDT

USD/CAD may struggle to fill the price gap from March if the Bank of Canada (BoC) takes additional steps to support the Canadian economy.

Indian Rupee, Nifty 50 Outlook: Technical Levels Pressured, Risks Brew

Posted: 01 Jun 2020 08:00 PM PDT

Are recent gains in the Indian Rupee and Nifty 50 warranted? Risks are brewing in the background, leaving USD/INR in a consolidative setting as the Nifty pressures resistance.

Natural Gas Price Remains Vulnerable as Oversupply Issues Persist

Posted: 01 Jun 2020 07:00 PM PDT

Oversupply and demand disruption may continue to drag on the price of liquefied natural gas (LNG) even though it recovers from 22-year lows.

Silver & Copper Prices Enjoyed a Nice Ride - Is it Time to Get Off?

Posted: 01 Jun 2020 06:00 PM PDT

Silver and copper prices have enjoyed a double-digit recovery following their selloff in mid-March, but technical cues are signaling that a pullback may be in the cards.

NZD/USD Rate Forecast: Will RSI Offer a Bullish Signal?

Posted: 01 Jun 2020 05:00 PM PDT

The Relative Strength Index (RSI) may offer a bullish signal for NZD/USD if the oscillator breaks above 70 and pushes into overbought territory.

AUD, NZD May Rise With APAC Stocks Ahead of RBA Rate Decision

Posted: 01 Jun 2020 04:00 PM PDT

The Australian and New Zealand Dollars may rise with Asia-Pacific stocks ahead of the RBA rate decisions despite political unrest in Hong Kong and America.

S&P 500 Forecast: Stocks Face Peril as Day of Reckoning Looms

Posted: 01 Jun 2020 02:30 PM PDT

Stocks continue to surge and propel the S&P 500 Index within striking distance of record highs as bullish equity investors overlook threats from US-China tension escalating, double-digit unemployme...

Gold Price Outlook: Gold Goes Overbought, Finds Fibonacci Resistance

Posted: 01 Jun 2020 01:08 PM PDT

Gold prices are at their most overbought on the monthly chart since 2011, when prices topped-out. Can bulls bring on an alternative ending?

New Zealand Dollar Forecast: NZD/USD Runs into Resistance, Will it Hold?

Posted: 01 Jun 2020 11:35 AM PDT

US Dollar weakness persisted to start the week, allowing a number of USD crosses to post outsized moves. NZD/USD was no exception as the pair quickly shot to resistance and a 3-month high.

Canadian Dollar Technical Outlook: Loonie Rally Slams USD/CAD into Support

Posted: 01 Jun 2020 11:30 AM PDT

Loonie rallied more than 7% against the US Dollar since the March extremes with USD/CAD now testing support. Here are the levels that matter on the technical charts.

US Dollar Hemorrhaging as GBP/USD & AUD/USD Soar, USD/CAD Sinks

Posted: 01 Jun 2020 10:00 AM PDT

US Dollar extends its streak of declines as the DXY Index bleeds lower. GBP/USD and AUD/USD gains stand out in particular as spot USD/CAD plunges to a 12-week low, but will USD price action find a ...
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