DailyFX - Feeds all

DailyFX - Feeds all

Rand (USD/ZAR) Update: Ramaphosa to Unveil Economic Recovery Plan

Posted: 14 Oct 2020 04:09 AM PDT

President Cyril Ramaphosa set to unveil SA's economic reconstruction and recovery plan and Finance Minister Mboweni requests Medium Term Budget Policy Statement deferral

Australian Dollar Forecast: AUD/USD Struggles, Greenlight Coming for RBA Action?

Posted: 14 Oct 2020 04:05 AM PDT

Australian Dollar eyes RBA Governor Lowe speech for greenlight on further easing.

Gold Price Outlook - Struggling to Break Resistance, Sentiment Remains Negative

Posted: 14 Oct 2020 02:30 AM PDT

Gold continues to respect resistance off the 50-day simple moving average, while retail traders are heavily long the precious metal.

British Pound (GBP) Latest: GBP/USD Easing Further After Tuesday's Losses

Posted: 14 Oct 2020 01:00 AM PDT

GBP/USD is extending its Tuesday losses caused largely by stalled vaccine trials and a lack of agreement on a US stimulus package that have both helped lift the safe-haven US Dollar.

EU Stoxx 50 Index at Risk as Europe Tightens Covid-19 Restrictions

Posted: 14 Oct 2020 12:00 AM PDT

Europe's benchmark EU Stoxx 50 index is at risk of reversing lower as a record increase in coronavirus infections threatens to upend the Euro-zone's economic recovery.

Crude Oil Struggles to Hold Gains as Fiscal Talks Stall, Dollar Strengthens

Posted: 13 Oct 2020 11:00 PM PDT

WTI crude oil prices erased earlier gains on Wednesday and consolidated at around US$ 40.00 amid souring market sentiment. A stalling fiscal stimulus effort and rising US Dollar weighed.

Gold Price Consolidation Brings Monthly Low on the Radar

Posted: 13 Oct 2020 10:00 PM PDT

Failure to test the monthly low ($1873) may set the stage for a larger recovery as the price for gold clears the opening range for October.

Dow Jones Falls, SGD Gained on MAS Policy, Hang Seng Eyes Xi's Speech

Posted: 13 Oct 2020 07:00 PM PDT

The Dow Jones retreated from a six-week high despite big US banks posting solid earnings. Singapore's GDP missed estimates; monetary policy stayed on par. Xi's Shenzhen speech is in focus today.

Will Trade Wars Persist After the US Election?

Posted: 13 Oct 2020 06:00 PM PDT

What will the global economy and international trade regime look like under a Trump or Biden administration and how will that impact foreign exchange markets?

USD/CAD Bullish Outside Day Price Formation Indicates Larger Rebound

Posted: 13 Oct 2020 05:00 PM PDT

USD/CAD may trade within a more defined range as the bullish outside day (engulfing) candle formation points to a larger rebound in the exchange rate.

S&P 500 Overextended on Fiscal Stimulus Optimism? Biden Leads Trump

Posted: 13 Oct 2020 04:00 PM PDT

The S&P 500 has rallied along with other equity indices as optimism about a fiscal stimulus package swells. Betting odds show Joe Biden overwhelmingly leading Donald Trump – but what's the catch?

Nasdaq 100 Forecast: Tech Stock Rally Stops to Catch its Breath, What Next?

Posted: 13 Oct 2020 02:30 PM PDT

After breaking above resistance late last week, the Nasdaq 100 has surged higher, moving to within a few percentage points of its all-time high. With the recent rally on pause, what comes next for ...

USD Price Outlook: US Dollar Fueled by Stimulus Deal Volatility

Posted: 13 Oct 2020 01:00 PM PDT

The US Dollar spiked higher to claw back recent downside on Tuesday as trader sentiment soured amid fading stimulus hopes and resurfacing market volatility. Will EUR/USD, GBP/USD, and AUD/USD price...

DAX 30, FTSE 100, CAC 40 Forecasts for the Week Ahead

Posted: 13 Oct 2020 11:30 AM PDT

After surging to start the week, the DAX 30, FTSE 100 and CAC 40 reversed some of their earlier gains as risk appetite waned. Regardless, the longer-term technical formations remain intact.

EUR/USD Technical Outlook: Euro Makes Round Trip Back to Key Zone

Posted: 13 Oct 2020 10:08 AM PDT

EUR/USD has pushed right back down to a key zone of support. Can Sellers take control or will this zone exhibit yet another inflection?

How to Trade the Impact of Politics on Global Financial Markets

Posted: 13 Oct 2020 07:00 AM PDT

In a slowing global economy, the threat of geopolitical risks destabilizing global growth are elevated and open the door to violent volatility – and trading opportunities.
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