DailyFX - Feeds all

DailyFX - Feeds all

Gold Price Remains Capped by 50-Day SMA Ahead of Fed Rate Decision

Posted: 16 Dec 2020 08:30 AM PST

The opening range for December raised the scope for higher gold prices, but bullion appears to be capped by the 50-Day SMA ($1872) ahead of the Fed rate decision.

US Recession Watch, December 2020 - Yield Curve Hides Slowing Economy

Posted: 16 Dec 2020 07:30 AM PST

The US Treasury yield curve has steepened in recent weeks (long-end rates rising faster than short-end rates), but that might not mean what you think.

Mixed December PMI Reports Hint at Further Uncertainty

Posted: 16 Dec 2020 07:09 AM PST

A beat in Manufacturing and a miss in Services further point to uncertainty in the US economic recovery.

Crude Oil Latest: Brent Crude Price May Rise Further After Breach of $50 Level

Posted: 16 Dec 2020 04:00 AM PST

The price of Brent crude oil looks to have consolidated its gains after climbing above the $50/barrel mark and is now well-placed to advance further in coming days.

US Dollar Falls Further as Important Data and FOMC Meeting Near

Posted: 16 Dec 2020 02:30 AM PST

The US dollar basket continues to fall and is touching the 90.00 level, a low not seen in over two-and-a-half years. Important data and FOMC decision later today.

Euro Strengthens on PMIs, EUR/USD, EUR/GBP Levels to Watch

Posted: 16 Dec 2020 01:16 AM PST

European PMI data comes in better than expected and gives the euro an extra push higher

British Pound (GBP) Latest: GBP/USD Extending Gains, UK Inflation Falls Sharply

Posted: 16 Dec 2020 12:45 AM PST

GBP/USD is climbing for the third successive day on continuing hopes of a post-Brexit EU-UK trade deal; the latest UK economic data show a steep drop in inflation.

Canadian Dollar Outlook: USD/CAD, CAD/JPY Eyeing Inflation Data

Posted: 16 Dec 2020 12:00 AM PST

The Canadian Dollar may continue to outperform its haven-associated counterparts on the back of the BoC's wait-and-see approach to monetary policy and positive vaccine progress.

Gold Prices May Drop if the FOMC Sours Stimulus Expansion Hopes

Posted: 15 Dec 2020 11:08 PM PST

Gold prices may recoil from chart resistance if Fed officials signal that stimulus expansion is not in scope near-term at the final policy announcement of the year.

Will Trade Wars Persist After the US Election?

Posted: 15 Dec 2020 10:00 PM PST

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?

Natural Gas Prices May Rise on Temperature Outlook, Chart Setup

Posted: 15 Dec 2020 09:00 PM PST

Natural Gas prices rose as colder temperatures looked likely across the southwest U.S. over the next two weeks. Near-term technical cues appear bullish but follow-through may be limited.

Nasdaq 100 Approaches All-Time High, Will Hang Seng and ASX 200 Follow?

Posted: 15 Dec 2020 05:00 PM PST

The Nasdaq 100 index surged 1.25% and closed near its all-time high as traders awaited a bipartisan stimulus plan ahead of the FOMC meeting on Wednesday. The Hang Seng and ASX 200 are poised to rise.

Australian Dollar Analysis: AUD/USD Flirts with New Highs on US Stimulus Hopes

Posted: 15 Dec 2020 04:00 PM PST

The Australian Dollar is flirting with fresh multi-year highs as renewed stimulus hopes in the U.S. bolsters market sentiment. Traders look ahead to the Federal Reserve decision and Australia's job...

USD Price Outlook: US Dollar Braces for Fed Decision, PMI Data

Posted: 15 Dec 2020 02:30 PM PST

US Dollar veered back toward two-year lows as USD price action weakened against major FX peers like the Pound, Canadian Dollar, Yen and Euro. Volatility may accelerate with PMI data and the FOMC on...

Canadian Dollar Forecast: USD/CAD Breaks Down. Will it Fall Further?

Posted: 15 Dec 2020 01:05 PM PST

USD/CAD fell to its lowest level since April 2018 this week amid fresh USD weakness. Devoid of major nearby support, the pair could continue lower in the weeks ahead.

Euro Forecast: Bull Flags Take Shape in EUR/JPY, EUR/USD Rates

Posted: 15 Dec 2020 11:45 AM PST

Both EUR/JPY and EUR/USD rates have retained their bullish posture, even as the Euro lags its peers elsewhere.
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