DailyFX - Market Outlook

Market Outlook

New Zealand Dollar Rallies on Stellar Jobs Data, AUD/NZD to Reverse? 4 Aug 2020, 11:00 pm

The New Zealand Dollar extended its rally after a bright day on Wall Street after release of better-than-expected local jobs data. Will AUD/NZD again retreat from 5-year resistance?

EUR/JPY Poised for Near-Term Pullback as Technical Divergence Takes Shape 4 Aug 2020, 7:00 am

The EUR/JPY exchange rate looks poised for a short-term pullback as technical divergence suggests the recent rally may be running out of steam.

Nasdaq 100 Record High Faces Resistance, AUD/USD Turns to RBA Next 3 Aug 2020, 11:00 pm

While the Nasdaq 100 has hit a record high, futures show that key resistance has held. The Australian Dollar fell amid rising local Covid-19 cases, now awaiting the RBA next.

Gold Price Forecast: XAU/USD Threatens Bull Breakout, 2k in Sight 3 Aug 2020, 6:40 pm

The Gold breakout theme has been running for a while now and as the yellow metal nears a first test of the 2k marker, the big question is what's next?

US Dollar Index May Rise on Stagnating Coronavirus Relief Bill Talks 3 Aug 2020, 7:00 am

The US Dollar Index (DXY) looks poised for a short-term recovery as US policymakers fail to find common ground on unemployment benefit payments.

JPY May Fall if PMI Data in Key Supply Chain Economies Brightens Outlook 2 Aug 2020, 11:00 pm

The Japanese Yen may fall if PMI data out of key Asian supply chain economies points to regional stabilization despite a rising number of Covid-19 cases across the world.

EU Stoxx 50 Index Poised To Extend Declines Ahead of Eurozone GDP Data 31 Jul 2020, 7:00 am

The EU Stoxx 50 index may extend declines on disappointing European GDP data after snapping key chart support.

Australian Dollar Eyes Chinese Manufacturing Data After FAANG Earnings 30 Jul 2020, 11:00 pm

The Australian Dollar may extend its rise if Chinese PMI data – after FAANG earnings – boosts the growth-sensitive currency. Having said that, AUD/USD continues to wobble at key resistance.

Canadian Dollar Price Forecast: USD/CAD Pops Even as USD Drops 30 Jul 2020, 6:00 pm

USD weakness has been pervasive in most major FX pairs, with this morning showing a notable exception in USD/CAD. Is the pair nearing reversal?

Russell 2000, US Stocks May Rise Despite Dismal Q2 GDP Data 30 Jul 2020, 7:00 am

The Russell 2000 small-cap stock index looks poised to rise despite US GDP expected to contract the most since 1947, as the FOMC maintains dovish forward guidance policy.

NZD/JPY Outlook Bullish After FOMC Rate Decision, Powell Briefing 29 Jul 2020, 11:00 pm

The New Zealand Dollar may rise after the FOMC rate decision and Fed Chairman Jerome Powell’s press briefing lifted market spirit and put a premium on risk-oriented assets.

Gold Price Forecast: XAU All-Time-Highs, More to Go? 29 Jul 2020, 4:30 pm

It's been a bullish past couple of years for Gold and on Monday, that theme took on a new tone as Gold prices punched up to a fresh all-time-high.

US Dollar Outlook: Long-Term USD Trends in Focus Ahead of FOMC 29 Jul 2020, 7:00 am

The US Dollar could be poised for further losses after breaking through 6-year trend support, as focus turns to the FOMC interest rate decision.

AUD May Extend Rally on CPI Data Despite Regional Political Risks 28 Jul 2020, 11:00 pm

The Australian Dollar may stretch out its gains if local CPI data points to improved inflationary trends despite mounting regional geopolitical concerns.

Nasdaq, S&P Outlook: FOMC Correction Potential as Hope Drives the Bid 28 Jul 2020, 6:34 pm

In four months US equities markets have went from aggressively bearish to aggressively bullish, even as a global pandemic rages on. What will Powell have to say for tomorrow?

S&P 500 Index Dictated By Coronavirus Relief Bill Talks, FOMC Rate Decision 28 Jul 2020, 7:00 am

The S&P 500 stock index may fall ahead of the Federal Reserve interest rate decision on July 29 as coronavirus relief bill talks stall in the Senate.

USD Weakness May Persist Despite Rising US-China Geopolitical Tension 27 Jul 2020, 11:00 pm

The US Dollar may continue to slide against its G10 peers despite increasingly hostile geopolitical tensions between the United States and China.

Mexican Peso Price Forecast: USD/MXN Drives Monthly Low, USD Smashed 27 Jul 2020, 6:02 pm

As the US Dollar gets smashed to two-year-lows, USD/MXN crawls down to it's own monthly low. But with FOMC on deck, volatility may be around-the-corner.

IBEX 35, CAC 40 Stock Indexes May Fall as Covid-19 Fears Heat Up 27 Jul 2020, 7:00 am

Spain’s IBEX 35 stock index may extend declines after breaking its 4-month uptrend. France’s CAC 40 equities benchmark is perched at a pivotal support as RSI flops into bearish territory.

US Dollar Index Poised to Climb Higher on Escalating US-China Tensions 24 Jul 2020, 7:00 am

The US Dollar index seems poised to climb on escalating US-China tensions after Beijing asks for the closure of the US consulate in Chengdu.