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US Dollar Outlook: DXY Index Decline Pauses on Markit PMI Data

Posted: 23 Jun 2020 07:00 AM PDT

US Dollar downside has accelerated into Tuesday's trading session, but the broader DXY Index attempts to stabilize after better-than-expected US PMI data just released by IHS Markit.

EUR/USD, GBP/USD, AUD/USD Sentiment Boosted by PMIs | Webinar

Posted: 23 Jun 2020 05:30 AM PDT

Market sentiment towards stocks and the "risk on" currencies such as EUR, GBP and AUD has been lifted by the latest purchasing managers' indexes suggesting a global economic recovery is beginning.

GBP/USD, GBP/JPY, DXY Charts & More

Posted: 23 Jun 2020 04:40 AM PDT

The GBP versus the USD, JPY look vulnerable, especially the former; USD though in general via the DXY could be on its backfoot near-term.

DAX 30, Euro Stoxx 50 Outlook: Looking for Post Crash Peak

Posted: 23 Jun 2020 04:30 AM PDT

DAX 30 soars on Eurozone PMIs, while Euro Stoxx 50 faces key hurdle.

British Pound (GBP) Latest: GBP/USD Bullish After Positive UK PMIs

Posted: 23 Jun 2020 02:30 AM PDT

UK purchasing managers' indexes for June came in higher than expected, with the manufacturing PMI above the 50 mark separating expansion from contraction, improving the GBP/USD outlook.

EUR/USD Rally Continues as Positive Euro-Zone PMI Data Provides a Boost

Posted: 23 Jun 2020 01:07 AM PDT

EUR/USD continues Monday's sharp pull-back after the latest Euro-Zone PMI data beat suggested a sharp pick-up in economic activity in the single-block, although fears remain.

US Dollar May Decline as Demand for Federal Reserve Swaps Collapses

Posted: 23 Jun 2020 12:00 AM PDT

The US Dollar may continue to slide as the $74 billion contraction of the Federal Reserve's balance sheet highlights falling demand for USD.

Gold and Crude Oil Prices Break Higher but Reversal Signs Linger

Posted: 22 Jun 2020 11:00 PM PDT

Gold and crude oil prices are exhibiting bearish technical warning signs, perhaps undermining recent upside breakouts. What is in store for these assets over the next 24 hours?

Mexican Peso Outlook at the Mercy of US Economic Trends

Posted: 22 Jun 2020 10:00 PM PDT

Understanding the US-Mexico relationship and how the ebb and flow of economic activity in the former impacts the latter is crucial for trading USD/MXN.

Copper, Silver Poised to Move Higher as Market Dismisses Virus Concerns

Posted: 22 Jun 2020 09:00 PM PDT

Copper and silver could continue to push higher should risk aversion remain suppressed, as market participants dismiss second-wave coronavirus concerns.

EUR/USD Bull Flag Formation in Focus as RSI Tracks Bullish Trend

Posted: 22 Jun 2020 08:00 PM PDT

A bull flag formation may unfold in EUR/USD as the Relative Strength Index (RSI) preserves the bullish formation from March.

Dow Jones, S&P 500, AUD/USD: Trade Wars Still Matter, Navarro 180 Shows

Posted: 22 Jun 2020 07:00 PM PDT

The Dow Jones, S&P 500 and AUD/USD initially tumbled on fears of a US-China trade deal breakdown. But then, an about-face reversal from US trade adviser Peter Navarro quelled market volatility..

FTSE China A50 Gains With Crude Oil, Gold Prices Attempt Breakout

Posted: 22 Jun 2020 06:00 PM PDT

Asia-Pacific stocks are set to open higher following a decent rebound in US indices overnight as crude oil prices climbed to a three-month high. Gold prices attempt to break out above an 'Ascending...

NZD/USD Rate Outlook Hinges on RBNZ Forward Guidance

Posted: 22 Jun 2020 05:00 PM PDT

The RBNZ interest rate decision may sway the near-term outlook for NZD/USD as the central bank stands ready "to deploy further tools as needed."

AUD/USD, APAC Stocks May Rise. Will Geopolitics Undercut Gains?

Posted: 22 Jun 2020 04:00 PM PDT

The Australian Dollar may rise with Asia-Pacific stock markets after a rosy session during Wall Street trade, but brewing geopolitical stress in the region may pressure cycle-sensitive assets.

ASX 200 & Nikkei 225 Forecasts for the Week

Posted: 22 Jun 2020 02:35 PM PDT

The ASX 200 and Nikkei 225 have recovered nicely from their March lows, but gains have slowed in recent days as sentiment appears increasingly fragile which has left the two indices at risk of reve...

S&P 500 Price Outlook: Stocks Jump, US Dollar & VIX Peel Back

Posted: 22 Jun 2020 01:00 PM PDT

Stocks marched steadily higher throughout Monday's trading session after futures opened noticeably in the red. The S&P 500 gained nearly 0.7% as the VIX 'fear-gauge' and US Dollar dropped.

Australian Dollar Forecast: AUD/USD Price Stalls Near 2020 Peak

Posted: 22 Jun 2020 11:30 AM PDT

The Australian Dollar has recovered the entirety of the declines suffered during the coronavirus-selloff, but has since stalled near its 2020 peak. As sentiment swings, AUD/USD awaits a bullish con...

USD/CAD Price Outlook: Canadian Dollar Climbs with Crude Oil

Posted: 22 Jun 2020 10:05 AM PDT

USD/CAD price gets pressured lower to start the trading week as crude oil attempts to extend its recovery despite looming coronavirus second wave risk. Where is the Canadian Dollar headed next?
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