DailyFX - Feeds all

DailyFX - Feeds all

USD/JPY Price Analysis: Will a Data Heavy End to the Week Spur USD?

Posted: 03 Sep 2020 08:30 AM PDT

USD/JPY has risen off the a medium-term level of support. US data (ISM, initial jobless claims and NFP) has the potential to fuel or halt recent USD gains.

S&P 500 Price Outlook: Stocks Slump as Services PMI Declines

Posted: 03 Sep 2020 07:30 AM PDT

Stocks are hitting fresh session lows as services PMI data from the Institute of Supply Management crosses the wires, which shows the largest segment of the US economy decelerating last month.

US Dollar Price Outlook - Bullish Signal Appears Ahead of High Importance US Data Releases

Posted: 03 Sep 2020 05:30 AM PDT

The recent bounce in the US dollar basket (DXY) has primarily been fueled by Euro weakness and oversold USD positioning. Important US data near that may make or break this move.

USD/CAD forecast: Loonie bulls eye trendline resistance ahead of NFP

Posted: 03 Sep 2020 04:00 AM PDT

USD/CAD trading around 61.8% Fibonacci support zone before key economic data releases.

Germany 30 Outlook: DAX Marches on as German PMIs Beat Expectations

Posted: 03 Sep 2020 02:30 AM PDT

After recovering from March lows, the DAX remains bullish but may be entering into oversold territory.

British Pound (GBP) Latest: GBP/USD Outlook Worsens as Brexit Fears Rise

Posted: 03 Sep 2020 01:00 AM PDT

Confidence in further gains for GBP/USD, and losses for EUR/GBP, is draining away as the EU again criticizes the UK for a lack of progress in the talks on their post-Brexit relationship.

Euro Price Outlook: EUR/JPY May Fall as ECB Flags Currency Strength

Posted: 03 Sep 2020 12:00 AM PDT

The EUR/USD and EUR/JPY exchange rates may slide lower ahead of the ECB's September meeting as Chief Economist Philip Lane flags the currency's recent appreciation.

AUD/USD Rate Vulnerable Following Short-Lived Overbought RSI Reading

Posted: 02 Sep 2020 10:25 PM PDT

AUD/USD may face a larger pullback over the coming days as the overbought reading in the Relative Strength Index (RSI) appears to have been short lived.

US Dollar Analysis: EUR/USD, AUD/USD, NZD/USD Outlook

Posted: 02 Sep 2020 08:00 PM PDT

The US Dollar could be encountering key crossing points versus the Euro, Australian and New Zealand Dollars. What are traders looking out for?

S&P 500 Surges Despite Weaker ADP. Nikkei 225, Hang Seng May Rise

Posted: 02 Sep 2020 07:00 PM PDT

The S&P 500 index jumped 1.54% to a record high of 3,580, despite of a weaker-than-expected ADP job report. Japan's Nikkei 225 index and Hong Kong's Hang Seng Index may rise.

New Zealand Dollar May Extend Climb Amid Easing Covid-19 Restrictions

Posted: 02 Sep 2020 06:00 PM PDT

The New Zealand Dollar may extend its climb higher despite an ultra-dovish RBNZ, as Covid-19 lockdown measures ease in New Zealand's largest city.

EUR/USD Outlook: RSI Reverses from Trendline Resistance Ahead of NFP

Posted: 02 Sep 2020 05:10 PM PDT

EUR/USD may face a larger pullback ahead of the US NFP report as the RSI reverses from trendline resistance to preserve the bearish formation established in August.

AUD/NZD Retests 5-Year Inflection Point. Biden-Trump Spread Widens

Posted: 02 Sep 2020 04:00 PM PDT

AUD/NZD suffered its biggest one-day decline since March and is now retesting a key inflection point. The latest polls show a widening Biden-Trump spread – but there's a caveat.

Australian Dollar Price Forecast: AUD/JPY Eyes Bullish Continuation

Posted: 02 Sep 2020 01:15 PM PDT

Continued risk appetite has allowed the Australian Dollar to make headway against the Japanese Yen, staging a bullish break out above horizontal resistance. Here are the levels to watch.

Gold Outlook: XAU/USD Price Action Probes Big Support Zone

Posted: 02 Sep 2020 11:30 AM PDT

Gold edged lower during Wednesday's trading session as the US Dollar climbed and weighed negatively on XAU/USD price action, but the precious metal looks supported by a major technical level.

US Dollar Price Forecast: USD Bounce Runs into ST Resistance

Posted: 02 Sep 2020 10:34 AM PDT

The US Dollar has finally found some element of support. The big question now is whether it can hold into the Friday NFP report.

Canadian Dollar Price Forecast: USD/CAD Tests Key Fibonacci Support

Posted: 02 Sep 2020 09:11 AM PDT

After eight consecutive weeks of gains, Loonie loses momentum after falling into key Fibonacci support
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