DailyFX - Feeds all

DailyFX - Feeds all

Euro Forecast: Performance after US Elections, COVID-19 Vaccine is a Bad Omen for EUR/JPY, EUR/USD

Posted: 11 Nov 2020 07:00 AM PST

The Euro has lagged most of its major peers over the past week, a concerning sign despite jubilance widespread throughout global financial markets.

Crude Oil Price Gains May Be Overdone as Short-Term Risks Remain

Posted: 11 Nov 2020 04:30 AM PST

Risk in Chasing Oil Prices Higher from Current Levels as Short Term Risks Remain

DAX 30 Outlook - Running Into Resistance, Sentiment Remains Bullish

Posted: 11 Nov 2020 02:30 AM PST

The German DAX 30 has added nearly 2,000 points this month and is approaching an area of reasonably strong resistance.

British Pound (GBP) Latest: Vaccine Hopes Lift GBP/USD and FTSE 100

Posted: 11 Nov 2020 01:00 AM PST

Hopes that the Pfizer/BioNTech coronavirus vaccine will mitigate the impact of the Covid-19 pandemic are boosting both GBP/USD and the FTSE 100, while EUR/GBP is weakening.

EU Stoxx 50 Outlook: Rebound on Vaccine News Running Out of Steam

Posted: 11 Nov 2020 12:00 AM PST

The EU Stoxx 50 index could slip lower in the coming days as vaccine optimism begins to fade amid a backdrop of rising Covid-19 infections and tightening restrictions.

Crude Oil Prices Surge to 2-Month High on Vaccine Hopes, Falling Stockpiles

Posted: 10 Nov 2020 10:00 PM PST

Crude oil prices rose to two-month highs on a much larger-than-expected decline in US inventories. WTI looks set to break a key resistance level at US$ 41.50, riding the tailwind of vaccine hopes.

Dow Jones Propelled by Vaccine Hopes, Singapore Stocks at 5-Month High

Posted: 10 Nov 2020 07:00 PM PST

Sectoral rotation continued to play out on Wall Street, with energy and industrial stocks outperforming technology shares. The Dow Jones closed 0.5% below its all-time high. Singapore stocks are fa...

New Zealand Dollar: NZD/USD Edges Higher Following RBNZ Rate Decision

Posted: 10 Nov 2020 06:00 PM PST

The Reserve Bank of New Zealand held its official cash rate at 0.25% on Wednesday, sending the New Zealand Dollar slightly higher as negative rate bets faded.

Russell 2000 Index May Continue to Rise on Rotation Trade, AUD/NZD Eyes RBNZ

Posted: 10 Nov 2020 04:00 PM PST

Investors in the U.S. equity market continued to rotate out of tech as the 10-year Treasury yield climbed to its highest level since March. Meanwhile, the RBNZ rate decision is on tap with the abil...

Gold Price Outlook: Will a Covid Vaccine Kill the Bull Case for Gold?

Posted: 10 Nov 2020 01:00 PM PST

Gold has been on a rollercoaster ride this week as it suffered a significant retracement Monday, only to begin recouping losses as the week progressed. But has the fundamental landscape changed?

New Zealand Dollar Outlook: NZD/USD Eyes RBNZ Rate Decision Due

Posted: 10 Nov 2020 11:30 AM PST

NZD/USD price action is perched at its strongest level since early 2019 as commodity currencies like the Kiwi piggyback off US Dollar weakness, but a dovish RBNZ might undermine recent gains.
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