DailyFX - Feeds all

DailyFX - Feeds all

Euro Price Outlook: EUR/USD Jumps from Key Chart Support

Posted: 01 Jul 2020 08:47 AM PDT

As the door open into Q3, EUR/USD has grasped on to a very key area of long-term chart support. Can bulls take control in Q3?

US Dollar Forecast: Rebound Losing Steam Ahead of June NFP

Posted: 01 Jul 2020 07:30 AM PDT

The US Dollar (via the DXY Index) has seen topside price action falter in recent days.

Stock Market Outlook: Dow Eyes China Tension & Dollar-Yuan

Posted: 01 Jul 2020 06:25 AM PDT

The stock market traded resiliently during 2Q-2020, but the Dow Jones hangs in jeopardy as spot USD/CNH consolidates while tension with China escalates ahead of the US presidential election.

USD/CAD Struggles as Multi-Month Trend Resistance Holds Firm

Posted: 01 Jul 2020 05:30 AM PDT

USD/CAD is pushing lower as trend resistance off the March peak continues to dominate price action. The 200-dma may well define the next short-term move.

Silver Prices on Course for Bullish Breakout: Silver to Outperform Gold

Posted: 01 Jul 2020 04:06 AM PDT

Central bank stimulus keeps Silver on course for bullish trajectory. However, COVID case rise poses risks.

British Pound (GBP) Latest: GBP/USD Facing Resistance, FTSE Flat

Posted: 01 Jul 2020 01:00 AM PDT

GBP/USD is faltering at resistance from a downward sloping chart trendline as the markets weigh up improving economic data against surging coronavirus infections in the US.

British Pound Forecast: GBP/USD, GBP/JPY to Face Brexit Deadline

Posted: 01 Jul 2020 12:00 AM PDT

GBP/USD, GBP/JPY could come under intense selling pressure as weakening fundamentals and Brexit fears weigh on the British Pound.

Crude Oil Prices May Fall as FOMC Minutes Help Form Double Top

Posted: 30 Jun 2020 11:00 PM PDT

Crude oil prices may turn lower if June's FOMC meeting minutes deflate hopes for near-term stimulus expansion, helping to validate a bearish double top chart pattern.

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

Posted: 30 Jun 2020 10:00 PM PDT

Gold trades to a fresh yearly high ($1786) ahead of the US Non-Farm Payrolls (NFP) report, and the bullish behavior may persist as the RSI approaches overbought territory.

How to Trade the Euro, NOK and SEK Using the Core-Perimeter Model

Posted: 30 Jun 2020 09:00 PM PDT

A macro forex trading guide exploring how to trade the Euro vs the Swedish Krona and Norwegian Krone through the prism of the Core-Perimeter model

Copper, Silver Driven By US Dollar. Risk Aversion May Fuel Selling

Posted: 30 Jun 2020 07:00 PM PDT

Copper and silver price moves continue to be dictated by the safe-haven US Dollar. Could a surge of risk aversion fuel a collapse in metal prices?

Asia Markets to Open Flat Despite US Rally on Hong Kong Security Law

Posted: 30 Jun 2020 06:00 PM PDT

Asia-Pacific equities may struggle for momentum despite a strong lead from Wall Street amid fears that the approval of a new Hong Kong security law may stoke US-China tensions.

Australian Dollar Resilience Undermined by Break of Bullish RSI Trend

Posted: 30 Jun 2020 05:00 PM PDT

It remains to be seen if the resilience in AUD/USD will carry into July as the Relative Strength Index (RSI) snaps the bullish trend from earlier this year.

AUD/JPY May Rise But Hong Kong Geopolitical Risk May Curb Gains

Posted: 30 Jun 2020 04:00 PM PDT

The Australian Dollar may rise versus the anti-risk Japanese Yen after a rosy session during Wall Street trade, but geopolitical complications in Hong Kong could curb AUD/JPY's gains.

Nasdaq 100 Forecast: Stocks Post Stellar Quarterly Gains Led by Tech

Posted: 30 Jun 2020 02:45 PM PDT

Markets finished up the second quarter on Tuesday, finalizing a remarkable few months which saw risk assets recover from the coronavirus crash at a blistering pace. Few were more jubilant than the ...

Stock Market Outlook: Dow Eyes China Tension & Dollar-Yuan

Posted: 30 Jun 2020 02:30 PM PDT

The stock market traded resiliently during 2Q-2020, but the Dow Jones hangs in jeopardy as spot USD/CNH consolidates while tension with China escalates ahead of the US presidential election.
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