DailyFX - Feeds all

DailyFX - Feeds all

Gold Price Outlook Bullish on FOMC Rate Decision & US Relief Bill

Posted: 24 Jul 2020 09:00 AM PDT

Gold prices may extend their rally if the FOMC rate decision and outlook reinforces the narrative of economic stabilization in tandem with progress on another coronavirus relief bill.

EUR/USD Extends Rally & USD/JPY Plunges on Markit PMIs

Posted: 24 Jul 2020 07:32 AM PDT

Monthly flash PMIs just released by IHS Markit fuels further US Dollar selling pressure against major FX peers like the Euro and Japanese Yen as economic growth and sovereign yield spreads diverge.

EUR/USD, USD & More – Charts for Next Week

Posted: 24 Jul 2020 04:30 AM PDT

The Euro is very near a long-term form of trend resistance, while the DXY is trading around support; could see a snapback in trends in next week.

Crude Oil Edging Higher as Support Holds but Resistance Now Coming Into Play

Posted: 24 Jul 2020 04:00 AM PDT

Brent crude continues to nudge higher and looks set for another attempt to fill the early-March gap. The short-dated moving average is providing support but the longer-dated ma is likely to present...

EUR/USD Strength Underpinned by Positive Eurozone PMI Sentiment Readings

Posted: 24 Jul 2020 01:31 AM PDT

The forward looking Eurozone PMIs show a robust pick-up in business activity across the block with the services sector leading the way.

British Pound Latest (GBP) - GBP/USD Choppy, Focus on June Top

Posted: 24 Jul 2020 01:00 AM PDT

EU and UK negotiations to carry on its arduous process. EUR/GBP dips to find support.

US Dollar Index Poised to Climb Higher on Escalating US-China Tensions

Posted: 24 Jul 2020 12:00 AM PDT

The US Dollar index seems poised to climb on escalating US-China tensions after Beijing asks for the closure of the US consulate in Chengdu.

Nikkei 225 May Drop on US Jobless Claims, Hang Seng Enters Consolidation

Posted: 23 Jul 2020 06:00 PM PDT

The Nikkei 225 stock index may open lower after the holiday as initial US jobless claims data disappointed. The Hang Seng Index and FTSE China A50 may also face a technical pullback.

Gold Rally Eyes Record High Price as RSI Pushes Into Overbought Zone

Posted: 23 Jul 2020 05:30 PM PDT

The price of gold appears to be on track to test the record high set in September 2011 ($1921) as the RSI pushes above 70 for the third time in 2020.

AUD May Erase Gains Amid US-China Tension After Tech Stocks Cratered

Posted: 23 Jul 2020 04:00 PM PDT

The Australian Dollar may retrace some of its recent gains as US-China tensions heat up following a gloomy session in Wall Street trade amid a decline in technology stocks.

S&P 500 Slips, Nasdaq Tumbles as Stocks Wince at Jobless Claims

Posted: 23 Jul 2020 02:50 PM PDT

Stocks traded lower on Thursday, earmarked by a 2.7% drop in the Nasdaq and 1.2% decline in the S&P 500 measured by e-mini futures prices, as investors react to rising jobless claims data.

Central Bank Watch: BOC on Hold; RBA's Yield Curve Control; RBNZ's Negative Interest Rates

Posted: 23 Jul 2020 01:00 PM PDT

As their economies have handled the coronavirus pandemic well thus far, the trio of central banks associated with the Australian, Canadian, and New Zealand Dollars are in a holding pattern.

Canadian Dollar Price Outlook: USD/CAD Breaks the Range

Posted: 23 Jul 2020 12:00 PM PDT

After building into a range that held for more than a month, USD/CAD bears were on the prowl this week.

USD Price Outlook: US Dollar Nosedives Ahead of Markit PMI Data

Posted: 23 Jul 2020 11:40 AM PDT

Another push lower by USD bears has blown past critical technical support levels, sending the broader US Dollar into negative territory year-to-date, and leaving the 'King Dollar' title in jeopardy...

EUR/JPY Price Outlook: EURJPY Nearing 2020 High, RSI Overbought

Posted: 23 Jul 2020 09:21 AM PDT

EUR/JPY trades near the 2020 high as the pair looks to test 124.45 resistance. RSI is currently overbought and may produce headwinds for further bullish momentum
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