DailyFX - Feeds all

DailyFX - Feeds all

US Presidential Election Timeline and Implications for Gold Prices

Posted: 02 Oct 2020 08:10 AM PDT

The price of gold has become more responsive to the macroeconomic landscape since President Richard Nixon took steps to end the Bretton-Woods system starting in 1971.

S&P 500, Nasdaq Outlook: Stocks Stabilize After Trump Covid Sell-Off

Posted: 02 Oct 2020 07:13 AM PDT

Last night brought a quick jolt of volatility to US equity futures. But that sell-off, so far, has been short-lived, even with a poor NFP report.

US Dollar, Gold, S&P 500 React to September NFP Report Miss

Posted: 02 Oct 2020 06:12 AM PDT

Nonfarm payrolls data for September 2020 just crossed the wires at 661K job gains and missed market forecast of 859K, but the US unemployment rate dropped further to 7.9% from 8.4% previously.

USD/ZAR: Rand Slips After President Trump Tests Positive for COVID-19

Posted: 02 Oct 2020 04:00 AM PDT

President Trump has thrown curveball at global markets in the midst of an already volatile election race. How will this impact the Rand going forward?

EUR/USD Price Remains Under Pressure After Lowly Inflation Data; US NFP Next Important Release

Posted: 02 Oct 2020 02:31 AM PDT

The single currency remains on the back foot after slightly worse than expected inflation data highlights the difficult job the ECB has to boost price pressures.

British Pound Latest (GBP) - Boris Johnson & Von Der Leyen to Meet, Make or Break for Brexit?

Posted: 02 Oct 2020 01:00 AM PDT

GBP/USD rose on reports that UK's Johnson and Von Der Leyen will meet to break the Brexit deadlock.

USD Surges, S&P 500 Futures Sink as President Trump Tests Positive For Covid-19

Posted: 01 Oct 2020 11:30 PM PDT

The US Dollar surged while S&P 500 stock index futures collapsed after news that President Trump had tested positive for Covid-19 roiled equity markets.

Indian Rupee, Nifty 50 at Risk to a US Stimulus Setback After RBI Delay

Posted: 01 Oct 2020 10:00 PM PDT

The Indian Rupee and Nifty 50 may be at risk to capital flight with global sentiment focusing on US fiscal stimulus bets. This follows a delay to the latest RBI rate decision.

Nasdaq 100 Futures Erase Gains, DAX 30 Tests Support, Oil Falls

Posted: 01 Oct 2020 07:00 PM PDT

US stocks shrugged off mixed economic data and ended higher. The tech sector outperformed. The DAX 30 index may test the 100-Day SMA. Oil prices plunged 4%.

Gold Price Forecast: RSI to Indicate Waning Bearish Momentum

Posted: 01 Oct 2020 05:50 PM PDT

The price of gold extends the rebound from the September low ($1849), and the RSI may show the bearish momentum abating if it breaks out of the downward trend from August.

AUD/USD Staging a Comeback as Joe Biden Surges in the Polls

Posted: 01 Oct 2020 04:00 PM PDT

AUD/USD is trading below a key resistance range after successfully bouncing from support at 0.7018 in tandem with growing support for Democratic nominee Joe Biden.

S&P 500 Outlook: Stocks Flop, VIX Pops on Failed Stimulus Talks

Posted: 01 Oct 2020 03:20 PM PDT

S&P 500 price action pivoted lower from intraday highs as market optimism for another fiscal stimulus package faded throughout the session following uninspiring remarks from key politicians.

EU Stoxx 50 Forecast: Bears Ready to Drag Index Lower on Rising Virus Cases?

Posted: 01 Oct 2020 02:00 PM PDT

Recent price action brought the EU Stoxx 50 Index to the bottom half of a range established through the recent summer months, but rising Covid cases across Europe may push the index lower in the sh...

Gold Price Forecast: XAU/USD Climbs to Resistance, Will it Rally?

Posted: 01 Oct 2020 01:00 PM PDT

After suffering losses throughout September, gold has recovered meaningfully in the last two weeks and nears overhead resistance as a result. Can the precious metal continue higher?

Japanese Yen Forecast: Turning the Corner in EUR/JPY, GBP/JPY, & USD/JPY Rates?

Posted: 01 Oct 2020 12:00 PM PDT

Amid global equities climbing higher, the Japanese Yen has seen demand fade, particularly after a bout of disappointing Japanese economic data.

Copper Crushed as Silver Struggles to Set Support

Posted: 01 Oct 2020 10:00 AM PDT

It's been a rude start to Q4 for Copper; but there may be a silver lining in Silver prices.
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