DailyFX - Feeds all

DailyFX - Feeds all

Dow, S&P Continue Consolidation; Nasdaq Tests Higher-Low Support

Posted: 24 Jun 2020 07:09 AM PDT

Despite a global pandemic and an unprecedented sucker punch to global growth, the Nasdaq has continued up to another fresh all-time-high.

Crude Oil, DAX & Silver: Index & Commodity Charts

Posted: 24 Jun 2020 04:35 AM PDT

Oil is coming off a big area of resistance, could weaken further, the DAX could weaken but remains in a bullish channel for now, silver trying to break out.

US Dollar, S&P 500, NZD/USD Analysis - Cross Asset Correlation

Posted: 24 Jun 2020 04:07 AM PDT

Elevated correlation between equity and currency markets makes risk sentiment the dominant driver.

US Dollar vs Mexican Peso: USD/MXN Building A Breakout Pattern, Rate Decision Eyed

Posted: 24 Jun 2020 02:30 AM PDT

USD/MXN is currently mixing lower highs and higher lows on the daily chart and the pair look likely to break this narrowing range shortly.

British Pound (GBP) Latest: GBP/USD Upward Momentum Fading, FTSE Falling

Posted: 24 Jun 2020 01:00 AM PDT

The advance in GBP/USD so far this week seems to be stalling and the FTSE 100 index is easing in markets dominated by uncertainty over whether now is the right time to ease lockdowns.

Euro Eyes Trend Top vs USD, EUR/CHF Rise May Flag Market Cheer

Posted: 24 Jun 2020 12:00 AM PDT

EUR/USD has surged to test familiar resistance marking the bounds of its two-year downtrend as EUR/CHF price action seems to suggest improvement in market-wide risk appetite.

Crude Oil Prices May Fall as Market Mood Turns Sour

Posted: 23 Jun 2020 11:00 PM PDT

Crude oil prices may fall as the mood across global financial markets turns sour, helping to make good on emerging signs of bearish technical cues.

How AUD & NZD Exchange Rates Are Impacted by China’s Economy

Posted: 23 Jun 2020 10:00 PM PDT

Gold Price Extends Bullish Behavior in June to Mark Fresh 2020 High

Posted: 23 Jun 2020 09:00 PM PDT

The price of gold extends the bullish behavior from earlier this year as the precious metal trades to a fresh 2020 high ($1774) in June.

New Zealand Dollar Dips Lower on Dovish RBNZ Forward Guidance

Posted: 23 Jun 2020 07:30 PM PDT

The New Zealand Dollar dipped lower as the RBNZ remains "prepared to provide additional stimulus as necessary".

Hang Seng Index Challenges Key Resistance, Gold Prices Climb

Posted: 23 Jun 2020 06:00 PM PDT

The Hang Seng Index stock market benchmark is set to challenge a key resistance level at 25,000. The Singapore's Straits Times Index consolidates on election news. Gold climbs.

USD/CAD Reversal from March Low Unravels as RSI Retains Bearish Trend

Posted: 23 Jun 2020 05:00 PM PDT

The USD/CAD reversal from the March low (1.3315) may continue to unravel as the RSI fails to break out of the bearish formation carried over from the previous month.

NZD May Rise on RBNZ Rate Decision Amid Signs of Global Stabilization

Posted: 23 Jun 2020 04:00 PM PDT

The New Zealand Dollar's rise may be amplified by the RBNZ rate decision as signs of stabilization in the global economy alleviate the need for ultra-aggressive monetary measures.

Australian Dollar Forecast: AUD/USD Ignores White House Whiplash

Posted: 23 Jun 2020 02:30 PM PDT

The Australian Dollar edged higher by about 20-pips, or 0.3%, against its anti-risk USD peer on Tuesday despite another reminder of elevated US-China trade tension and uncertainty that lingers.

Crude Oil Price Outlook: WTI Edges Above Recent High, Will it Break Out?

Posted: 23 Jun 2020 01:15 PM PDT

As growth-sensitive assets continue to show signs of strength, crude oil has moved above a recent high which could pave the way for an eventual break higher. Still, risks to the rally remain.

US Recession Watch, June 2020 - The Deceitful US Yield Curve

Posted: 23 Jun 2020 11:30 AM PDT

Ongoing stimulus efforts by the Federal Reserve to head off the economic fallout from the coronavirus pandemic have implicitly tamped down the US Treasury yield curve.

Canadian Dollar Price Outlook: USD/CAD Range Support, Trend on Pause

Posted: 23 Jun 2020 10:00 AM PDT

The US Dollar has been very weak over the past couple of days, but USD/CAD is holding the hard line of support, at least for now.
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