DailyFX - Feeds all

DailyFX - Feeds all

Dollar as a Safe Haven or Source of Global Instability?

Posted: 03 Jul 2020 06:00 AM PDT

The US Dollar is the traditional safe haven currency – a boon when global risk is shaken by a pandemic. And yet, that role is not inviolable. With a swell in COVID cases in the US, trade sparks rek...

USD/MXN Continues to Slide Lower as Supportive Moving Averages Break

Posted: 03 Jul 2020 04:03 AM PDT

The Mexican Peso continues to gain in the short-term against the US dollar and the pair now near a cluster of supportive lows.

British Pound (GBP) Latest: EU/UK Trade Disagreements Continue to Cap Sterling

Posted: 03 Jul 2020 01:04 AM PDT

The latest round of EU/UK trade talks broke up a day early yesterday with both sides noting significant differences on a range of topics, leaving Sterling adrift as we head into the weekend.

EUR/USD, S&P 500 Stock Index May Fall on Fed Balance Sheet Contraction

Posted: 03 Jul 2020 12:00 AM PDT

EUR/USD and the S&P 500 stock market index may fall as the Federal Reserve's balance sheet contracts for the third consecutive week.

Crude Oil Prices Shrug Off US Jobs Data as Topping Signs Remain

Posted: 02 Jul 2020 11:33 PM PDT

Crude oil prices found little lasting impact from better-than-expected US jobs data, with technical positioning warning that a top may be taking shape.

Gold Price Retains Bullish Behavior in July to Mark Fresh 2020 High

Posted: 02 Jul 2020 10:00 PM PDT

Current market conditions may keep the price of gold afloat as bullion trades to a fresh yearly high ($1789) in July.

AUD/JPY, EUR/JPY, GBP/JPY Levels to Watch As Risk Appetite Returns

Posted: 02 Jul 2020 07:00 PM PDT

The Japanese Yen may continue its decline as AUD/JPY and EUR/JPY seem poised to move higher. GBP/JPY proving to be the laggard, struggling at key resistance.

Hang Seng Index Jumps to 25,000 as Shanghai Composite Breaks 3,000

Posted: 02 Jul 2020 06:00 PM PDT

With surging volume, both Hong Kong's Hang Seng Index and mainland China's Shanghai Composite soared more than 2% yesterday, challenging key resistance levels.

AUD/USD Rate Approaches 2020 High Ahead of RBA Rate Decision

Posted: 02 Jul 2020 05:00 PM PDT

AUD/USD may continue to approach the 2020 high (0.7064) ahead of the RBA rate decision on July 7 as the central bank is widely expected to retain the current policy.

NZD/JPY May Fall as US-China Tensions Escalate Over Hong Kong

Posted: 02 Jul 2020 04:00 PM PDT

NZD/JPY is on the cusp of trend-defining resistance, but US-China tension over Hong Kong could spoil risk appetite and cause the pair to back off from its bold endeavor.

S&P 500 Rallies as Key Insiders Dump Stock, Traders Add Shorts

Posted: 02 Jul 2020 03:00 PM PDT

The S&P 500 index may continue pacing higher as traders shift into an increasingly net-short position, but corporate insider activity flash worrying signals for broader market trends.

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

Posted: 02 Jul 2020 12:30 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.

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

Posted: 02 Jul 2020 10:30 AM 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?

Aussie Price Forecast: Can AUD/USD Break the Bull Pennant?

Posted: 02 Jul 2020 09:38 AM PDT

Bulls keep pushing AUD/USD with support from a bullish pennant formation. Can Q3 continue with upside momentum or will bears take the reins?
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