DailyFX - Market Outlook

Market Outlook

EU Stoxx 50 Index at Risk on Vaccine Hiccup, ECB Tempering Expectations 4 Dec 2020, 7:30 am

Europe’s benchmark EU Stoxx 50 index could be at risk of a near-term pullback as Pfizer slashes its vaccine production targets and the ECB tempers easing expectations.

Australian Dollar Outlook: AUD/USD May Rise, Overbought Conditions Eyed 4 Dec 2020, 12:00 am

Sentiment continued to lift across markets, pushing AUD/USD to fresh multi-year highs in the New York trading session. Meanwhile, the US Dollar's downward spiral intensified. A lack of data prints ...

S&P 500 Index Outlook: RSI Divergence Hints at Pullback Ahead of NFP 3 Dec 2020, 8:00 am

The S&P 500 index could be at risk of a near-term pullback ahead of Friday’s Non-Farm Payrolls report as RSI divergence and fading volume hints at a rally running out of steam.

AUD/NZD Bounces but Incoming Death Cross May Keep Outlook Bearish 3 Dec 2020, 12:00 am

AUD/NZD saw bullish inflows following a small lift in sentiment. However, an incoming long-term bearish signal may doom the cross if the current downward path holds. Traders will look at China Caix...

S&P, Nasdaq Posture at All-Time-Highs: What's Holding Them Back? 2 Dec 2020, 7:30 pm

Equities have ripped for much of the year but now with news of covid vaccines on the way, stocks have started to stall.

US Dollar Price Outlook: DXY May Extend Fall on Renewed Fiscal Aid Hopes 2 Dec 2020, 8:00 am

The US Dollar Index (DXY) looks set to extend its slide to yearly lows on the back of renewed fiscal stimulus hopes and dovish rhetoric from several members of the Federal Reserve.

Silver Boosted on Renewed Stimulus Hopes, Equities Focus on AU GDP Next 2 Dec 2020, 12:00 am

December trading kicked off with the US Dollar breaching a new two-year low on renewed stimulus hopes. In turn, silver prices received a huge boost on stimulus-linked inflation outlooks.

US Dollar Breaches Big Support, Builds Evening Star on M1 1 Dec 2020, 7:30 pm

It's been a brutal stretch for the Greenback since the Election last month. But there may be darker days ahead for USD bulls.

Canadian Dollar Aiming Higher on Record GDP Print, Additional Fiscal Aid 1 Dec 2020, 7:30 am

The Canadian Dollar may continue to outperform its haven-associated counterparts, buoyed by a record expansion in economic activity and the provision of additional fiscal support.

USD/JPY at Key Resistance, RBA Rate Decision May Set Market Mood 1 Dec 2020, 12:00 am

USD/JPY is approaching a key technical level while the RBA interest rate decision is on tap to set the tone for markets on December's first trading day after November's solid gains.

US Dollar Price Action: USD Two-Year-Lows as EUR/USD Tests 1.2000 30 Nov 2020, 4:30 pm

EUR/USD tested 1.2000 in early-September and it did not work out well. Will a recurrent attempt bring different results?

DAX 30 Index May Fall as Germany Extends Nationwide Partial Lockdown 30 Nov 2020, 7:30 am

Germany’s benchmark DAX 30 index is at risk of a short-term pullback as Chancellor Angela Merkel moves to extend the nation’s ‘partial’ lockdown until December 20.

US Dollar and Yen Down as Stocks Rise, Crude Oil Down on OPEC+ 30 Nov 2020, 12:00 am

The anti-risk US Dollar and Japanese Yen fell as stocks aimed higher at the start of the global grading week. Crude oil prices fell after OPEC+ officials failed to agree on an output cut extension.

EUR/USD at Risk as ECB Signals Recalibration of Monetary Policy Tools 27 Nov 2020, 7:30 am

EUR/USD rates could be at risk of reversing lower on the European Central Bank’s bleak economic outlook and the provision of further monetary stimulus in December.

New Zealand Dollar Forecast: NZD/USD May Rise Over Thanksgiving Holiday 27 Nov 2020, 12:00 am

Wall Street trading saw a lull from the recent two-day rally that drove the Dow Jones above 30,000 for the first time as U.S. traders step away for Thanksgiving. Meanwhile, will NZD/USD overturn a ...

British Pound Outlook Hinges on Brexit Progress Ahead of Key Deadline 26 Nov 2020, 8:00 am

The British Pound could be at risk of a reversal lower as Brexit negotiations between the European Union and Britain fail to make any significant progress ahead of key deadline.

US Dollar Price Outlook: DXY Eyeing Yearly Lows Ahead of FOMC Minutes 25 Nov 2020, 8:00 am

The US Dollar Index (DXY) is eyeing a test of the yearly low on vaccine progress and robust economic data ahead of the release of the FOMC November meeting minutes.

Australian Dollar Analysis: AUD/USD Eyes 2020 High on Optimistic Sentiment 25 Nov 2020, 12:00 am

The risk-sensitive Australian Dollar was propelled higher along with a record-breaking day on Wall Street as markets cheered an improved picture for the 2021 outlook. The Asia-Pacific session may l...

Russell 2000, Dow Jones to Rise on Vaccine Results, Biden Transition 24 Nov 2020, 8:00 am

The Dow Jones and Russell 2000 indices seem poised to extend gains, buoyed by coronavirus vaccine progress and the triggering of the US presidential transition process.

Japanese Yen May Fall on GSA Joe Biden Transition, GBP/USD Eyes Resistance 24 Nov 2020, 12:00 am

The Japanese Yen may fall after S&P 500 futures rose on the GSA saying it is ready to work with Joe Biden on the transition process. GBP/USD is eyeing resistance on Brexit deal hopes.