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DailyFX - Feeds all

US Dollar & Volatility Swoon as Fed Achieves V-Shape Recovery

Posted: 04 Jun 2020 08:06 AM PDT

Largely thanks to the Fed, US Dollar selling pressure sinks the DXY Index to a fresh twelve-week low as appetite for risk runs rampant, crushes volatility, and steers the Nasdaq to its all-time high.

ECB Reaction: EUR/USD Surges on Large ECB QE Package - Update

Posted: 04 Jun 2020 05:25 AM PDT

ECB delivers large stimulus package Euro and Italian bonds soar.

Crude Oil Rally Hindered by Gap Resistance, OPEC+ Meeting in Limbo

Posted: 04 Jun 2020 02:30 AM PDT

The V-shaped crude oil recovery has petered out this week as traders wait to hear if today's mooted OPEC+ meeting will go ahead. Technical resistance is also crimping further upside movement.

British Pound (GBP) Latest: GBP/USD Increasingly Nervous About Brexit

Posted: 04 Jun 2020 01:10 AM PDT

The possibility that the UK will fail to agree a post-Brexit trade deal with the EU is increasingly a worry for GBP/USD bulls as the deadline for an extension approaches.

EUR/USD Trades at 3-Month High Ahead of ECB Rate Decision

Posted: 04 Jun 2020 12:00 AM PDT

EUR/USD is stalling ahead of the ECB press conference while the US Dollar looks to hold its ground after falling to its lowest levels since March.

NZD/USD Comes Up Against March High as RSI Pushes into Overbought Zone

Posted: 03 Jun 2020 09:05 PM PDT

NZD/USD has come up against the March high (0.6448) and the bullish momentum may persist as the Relative Strength Index (RSI) pushes into overbought territory.

Gold Prices Sink, Crude Oil Risks Falling with OPEC+ Meeting in Doubt

Posted: 03 Jun 2020 08:00 PM PDT

Gold prices sank as ADP estimated a smaller contraction in jobs ahead of NFPs. Crude oil prices may fall with the OPEC+ meeting in doubt as WTI left behind a Doji candlestick.

ASX200 Climbs to Post-Lockdown Highs Even though Australia Contracts

Posted: 03 Jun 2020 07:00 PM PDT

The ASX200 rallies to post-COVID highs even though Australia appears to be on track to face its first recession in 29 years.

Dollar Outlook vs Mexican Peso, South African Rand, South Korean Won

Posted: 03 Jun 2020 06:00 PM PDT

The US Dollar has been aggressively declining versus the Mexican Peso, South African Rand and South Korean Won. The USD/KRW selloff may continue, but USD/MXN and USD/ZAR could start recovering.

AUD/USD Forecast: 2020 High on Radar as RSI Sits in Overbought Zone

Posted: 03 Jun 2020 05:00 PM PDT

AUD/USD may attempt to test the 2020 high (0.7032) following the Reserve Bank of Australia (RBA) meeting as the Relative Strength Index (RSI) sits in overbought territory.

NZD Rally May Extend into Asia as Data Stabilization Inspires Optimism

Posted: 03 Jun 2020 03:00 PM PDT

The New Zealand Dollar may rise with Asia-Pacific stocks as data stabilization amid the coronavirus pandemic appears to be inspiring bullish sentiment.

US Dollar & Volatility Swoon as Fed Achieves V-Shape Recovery

Posted: 03 Jun 2020 02:30 PM PDT

Largely thanks to the Fed, US Dollar selling pressure sinks the DXY Index to a fresh twelve-week low as appetite for risk runs rampant, crushes volatility, and steers the Nasdaq to its all-time high.

FTSE 100 Forecast: Index Surges Through Price Gap, Can it Continue?

Posted: 03 Jun 2020 01:15 PM PDT

The FTSE 100 recently broke through a major level of resistance which allowed for bulls to quickly fill the gap that sat overhead. Can they continue their charge higher?

Canadian Dollar Price Outlook: USD/CAD Grinds Around Big Fig Support

Posted: 03 Jun 2020 11:52 AM PDT

USD/CAD continues to test the 1.3500 level, even through the Bank of Canada rate decision; but sellers haven't yet been able to establish much for trends below 1.3500.

Russell 2000 Bests Nasdaq Rally, Bonds Plunge on ADP & PMI Data

Posted: 03 Jun 2020 11:05 AM PDT

The reflation trade accelerates as Russell 2000 Index price action surges, outpacing tech stock stalwarts in the Nasdaq. Bonds swoon driven by encouraging ADP employment, ISM Services PMI data.

US Dollar Forecast: Significant Technical Damage Sustained - Levels for DXY Index & USD/JPY

Posted: 03 Jun 2020 08:50 AM PDT

The US Dollar (via the DXY Index) has quickly exited its multi-month consolidation to the downside, but one pair has largely been absent from the move.
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