DailyFX - Feeds all

DailyFX - Feeds all

US Dollar Edges Lower as Consumer Confidence Smashes Forecast

Posted: 30 Jun 2020 07:00 AM PDT

The US Dollar is starting to surrender gains notched early during Tuesday's trading session in response to increasingly optimistic consumer confidence data as markets await Fed Chair Powell and Tre...

S&P 500, Nasdaq 100 Outlook: Rebalancing Flows May Boost Downside Risks

Posted: 30 Jun 2020 05:34 AM PDT

Momentum weakens for S&P 500 , Nasdaq 100. Watch out for rebalancing flows, while US COVID concerns rise.

Market Sentiment: Strong China PMI Fails to Lift AUD/USD, EUR/USD, GBP/USD | Webinar

Posted: 30 Jun 2020 05:00 AM PDT

A strong manufacturing PMI number for China in June has failed to lift trading sentiment, suggesting some underlying weakness in 'risk-on' currencies and stocks.

Gold Price Latest - Rally Running Out of Steam, Supportive Trend Needs to Hold

Posted: 30 Jun 2020 04:00 AM PDT

The recent gold rally is coming under threat as the precious metal struggles to move higher after hitting a near-eight year peak last week.

British Pound (GBP) Latest: GBP/USD Outlook Still Bleak, FTSE Sliding Too

Posted: 30 Jun 2020 01:00 AM PDT

GBP/USD continues to trend lower, suggesting more losses to come, while the FTSE 100 stock index is still failing to rally.

USD/JPY Eyes 200-MA, S&P 500 Descending Triangle in Play

Posted: 30 Jun 2020 12:00 AM PDT

USD/JPY eyes the 200-day moving average, S&P 500 forms Descending Triangle at key resistance as US-China tensions escalate.

Gold Prices at Risk as Crude Oil Awaits Canada GDP Data

Posted: 29 Jun 2020 11:00 PM PDT

Gold prices could be at risk to a turn lower following the emergence of a Doji candle. Crude oil prices may rise as Canada GDP data perhaps supports global growth recovery bets.

EUR/USD Rate Forecast: RSI to Validate Bull Flag Formation

Posted: 29 Jun 2020 10:00 PM PDT

The Relative Strength Index (RSI) may validate the bull flag formation in EUR/USD if the oscillator continues to track the bullish trend from earlier this year.

GBP, USD & AUD Brace for Cross-Continental Geopolitical Risks

Posted: 29 Jun 2020 08:00 PM PDT

The British Pound, US Dollar and Australian Dollar may experience higher-than-usual volatility ahead of a plethora of cross-continental geopolitical risks amid a spike in Covid-19 cases.

ASX 200 Perched at Support as Iron Ore Price Pulls Back

Posted: 29 Jun 2020 07:00 PM PDT

ASX 200 underperformance against its major counterparts may continue as falling iron ore prices and a surge in local coronavirus cases potentially cap further upside.

Australian Dollar, S&P 500 Gain on Upbeat China PMI. Resistance Next?

Posted: 29 Jun 2020 06:30 PM PDT

The Australian Dollar and S&P 500 futures rose after upbeat Chinese PMI data crossed the wires. Will this help reinvigorate risk appetite further and resume the AUD/USD uptrend?

Dow Jones to Lead Asia's Rebound, Nikkei 225 Eyes Resistance

Posted: 29 Jun 2020 06:00 PM PDT

Wall Street equities had a decent rebound last night, setting an upbeat tone for Asia's opening. Traders are eyeing a string of PMI readings from China for clues into Asia's recovery.

USD/CAD Reversal from March Low in Focus as RSI Breaks Bearish Trend

Posted: 29 Jun 2020 05:10 PM PDT

The USD/CAD reversal from the March low (1.3315) may continue to evolve in July as the RSI breaks out of the bearish trend carried over from the previous month.

AUD/JPY May Bloom if Chinese PMI Data Kindles Risk Appetite

Posted: 29 Jun 2020 04:00 PM PDT

The Australian Dollar may rise if Chinese PMI data for June rekindles risk appetite and reinforces the bullish narrative that economic stabilization may soon give way to a recovery.

US Dollar Hinges on Consumer Confidence as Virus Cases Climb

Posted: 29 Jun 2020 03:05 PM PDT

The US Dollar traded mixed on Monday ahead of a jam-packed economic calendar as the world reserve currency searches for direction amid conflicting fundamental undercurrents like bulging liquidity a...

Nasdaq 100, Crude Oil and EURAUD Stage Head-and-Shoulders Patterns

Posted: 29 Jun 2020 01:15 PM PDT

Head-and-shoulders patterns are one of the most popular chart formations among retail traders, but just because the structure is in place doesn't mean a reversal is imminent. I look at the potentia...

DAX 30 Forecast: What Stock Will Replace Wirecard on the DAX 30 Index?

Posted: 29 Jun 2020 12:00 PM PDT

The accounting scandal that took down Wirecard has led to an implosion in share price for the tech stock, rendering it subject to removal from the DAX 30. What stock will take its place?

S&P 500 Price Outlook: VIX ‘Fear-Gauge’ Falls as Oil Rises

Posted: 29 Jun 2020 10:30 AM PDT

A risk-on tone has prevailed after stocks stumbled around the Wall Street opening bell. Market bulls continue to defend the 3,000-price level on the S&P 500 Index as crude oil climbs and the VIX 'f...
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