DailyFX - Feeds all

DailyFX - Feeds all

Canadian Dollar Treads Higher on BOC Rate Decision

Posted: 03 Jun 2020 07:00 AM PDT

The Bank of Canada left its benchmark overnight interest rate unchanged at 0.25%, as expected, sending USD/CAD lower on Canadian Dollar strength

Dow Jones, Copper & More: Index & Commodity Charts to Watch & More

Posted: 03 Jun 2020 04:30 AM PDT

The Dow continues to work its way towards the 200-day MA along with global stock market strength, the price of copper rising too into major resistance.

EUR/USD Running Higher as Risk-On Sentiment Presses Down on the US Dollar

Posted: 03 Jun 2020 04:00 AM PDT

The Euro rally against the US dollar continues to push the pair higher, breaking resistance levels with ease. Recent PMI data however continues to suggest that the Euro-Zone recovery will be protra...

US Dollar Out of Favour, Global Risk Rally in Full Swing - Cross Asset Correlation

Posted: 03 Jun 2020 02:30 AM PDT

Relentless global risk rally while US Dollar slides as investors seek alternative assets.

British Pound (GBP) Latest: Few Signs Yet of End to GBP/USD Strength

Posted: 03 Jun 2020 01:00 AM PDT

GBP/USD continues to climb with other "risk on" assets on hopes of a global economic recovery. At some point there will be a retracement but for now the trend remains upwards.

GBP/USD Faces a Familiar Foe While Merkel Pushes For Stimulus

Posted: 03 Jun 2020 12:00 AM PDT

GBP/USD remains confined within a bullish continuation pattern, while German Chancellor Merkel's push for fiscal stimulus propels Euro higher.

EUR/USD Rate Outlook Hinges on European Central Bank (ECB) Meeting

Posted: 02 Jun 2020 09:00 PM PDT

The European Central Bank (ECB) meeting may rattle the recent appreciation in EUR/USD if the Governing Council takes additional steps to support the monetary union.

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

Posted: 02 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.

Australian Dollar Dips as 1Q GDP Contraction Ends Record Growth Period

Posted: 02 Jun 2020 07:25 PM PDT

The Australian Dollar pulls back from January highs as the 1Q GDP report for 2020 signals an end to Australia's record period of economic growth.

New Zealand Dollar Technical Outlook vs Japanese Yen & British Pound

Posted: 02 Jun 2020 06:00 PM PDT

NZD/JPY continues to surge as it aims to challenge a critical inflection range while GBP/NZD flirts with key support and the prospect of aggravated selling pressure.

Gold Price Levels to Watch Ahead of US Non-Farm Payrolls (NFP) Report

Posted: 02 Jun 2020 05:00 PM PDT

The price of gold may exhibit a bullish behavior ahead of the US NFP report as the pullback from the yearly high ($1765) reverses ahead of the May low ($1670).

AUD/JPY May Rally With Stocks in Asia, Australian GDP in Focus

Posted: 02 Jun 2020 04:00 PM PDT

The Australian Dollar may extend its gains versus the Japanese Yen ahead of the release of Australian GDP data. Sentiment may also help push APAC stocks higher despite geopolitical strains.

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

Posted: 02 Jun 2020 02:35 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...

Canadian Dollar Forecast: USD/CAD Extends Losses as Dollar Weakens

Posted: 02 Jun 2020 01:00 PM PDT

After suffering a break beneath support last week, USD/CAD continued lower and may suffer further losses in the days ahead as it grasps for support.

US Dollar Spiking Lower Ahead of Services PMI & Jobs Data Due

Posted: 02 Jun 2020 12:00 PM PDT

The US Dollar keeps bleeding lower and sets the DXY Index on pace for its six-straight day of downside as USD price action weakens notably against major peers like the EUR, GBP, AUD and CAD ahead o...

Dow Jones, Nasdaq 100, S&P 500 Forecasts: What is Fueling the Rally?

Posted: 02 Jun 2020 10:05 AM PDT

The US stock market has moved within reach of all-time highs as equities look to reclaim ground that was lost during the coronavirus crash. Is such a rebound warranted, and what is the driver?
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