DailyFX - Market Outlook

Market Outlook

Canadian Dollar Price Outlook: USD/CAD Coils After Loonie Breakdown 3 Apr 2020, 7:34 pm

USD/CAD has been a big mover, gaining as much as 10.2% in the month of March. This week, however, saw a range get continually tighter, pointing to breakout potential in the week ahead.

US Dollar May Rise vs Euro Ahead of NFP and PMI Prints 3 Apr 2020, 7:00 am

The US Dollar may rise vs the Euro if NFP and PMI data out of the world’s largest economy sends a flood of capital rushing into the highly-liquid Greenback.

Canadian Dollar, Crude Oil Gain on Saudi-Russia Output Cut Confusion 2 Apr 2020, 11:00 pm

The Canadian Dollar rose with crude oil prices in a volatile day as investors navigated around confusion in Russia-Saudi production cut bets. USD/CAD fell but remains in consolidation.

Euro Outlook Shaky After ECB Warns of Sovereign Debt Crisis 2.0 2 Apr 2020, 7:00 am

The Euro may be at risk of a market-wide selloff if concerns about financial stability in the Eurozone and the prospect of another credit crisis emerges.

Australian Dollar at Risk as AUD/USD Descends, Yen May Fall Ahead 2 Apr 2020, 12:00 am

The Australian Dollar fell with AUD/USD at risk to reversing its bounce off March lows. Stock futures are pointing higher after the Fed eased capital requirements, leaving the Yen vulnerable.

US Dollar May Rise vs GBP, Euro Ahead of PMI Data Cascade 1 Apr 2020, 8:00 am

The USD may rise vs the British Pound and Euro ahead of the release of PMI data from Europe and the US as both struggle to revive growth in coronavirus-afflicted economies.

Yen and US Dollar Rise as Wall Street Drops. USD/JPY Eyes Resistance 1 Apr 2020, 12:00 am

The anti-risk Japanese Yen and US Dollar cautiously rose as Wall Street declined despite less-dismal consumer confidence. Futures hint a “risk-off” tilt as USD/JPY eyes resistance.

Dow, S&P 500, Nasdaq 100 Finish Q1, Limp into April Trade 31 Mar 2020, 7:48 pm

March was a month to remember and all signs are pointing to continued challenges in the months ahead. Buckle up.

US Dollar May Rise if PMI Data Kindles Demand for Liquidity 31 Mar 2020, 8:00 am

The US Dollar may rise from a wave of capital rushing into it if PMI data out of the world’s largest economy unnerves investors and boosts demand for highly liquid assets.

Canadian Dollar Sank with Crude Oil as Health Care Steered Wall Street 31 Mar 2020, 12:00 am

The Canadian Dollar sank with crude oil prices as USD/CAD bounced towards trend-defining resistance. Health care securities drove gains on Wall Street. AUD/USD eyes China PMI data.

S&P 500 Continues Recovery, NFP Looms Large for US Data 30 Mar 2020, 7:34 pm

The S&P 500 hasn't yet hit a limit-down barrier this week; and sometimes the lack of a negative can be a positive itself. NFP looms for Friday.

EUR/USD Retreat May Accelerate Ahead of Key Confidence Data 30 Mar 2020, 8:00 am

The Euro may face accentuated selling pressure if Eurozone consumer, industrial, services and economic confidence data for March underscores deteriorating sentiment.

Australian Dollar May Wilt as Yen and US Dollar Rise in Asia Trade 29 Mar 2020, 8:30 pm

The Australian Dollar may wilt but can that break the near-term AUD/USD uptrend? Weekend Dow Jones futures hint a “risk-off” tilt that may boost the Japanese Yen and haven-linked US Dollar.

US Dollar Tanks, S&P 500 Stabilizes as FOMC Counters Coronavirus 27 Mar 2020, 7:30 pm

It's been a brutal month for the risk-on trade. But a glimmer of hope has shown as the S&P has held on to support with the US Dollar tempering gains.

US Dollar Eyes Sentiment, Spending Data as Fiscal Package Heads to Trump 27 Mar 2020, 8:00 am

The US Dollar may rise if consumer sentiment and spending data print worse-than-expected figures and reignite demand for liquidity and push the haven-linked Greenback higher.

British Pound, GBP/USD Climb Through Resistance. Yen at Risk Next 27 Mar 2020, 12:00 am

The British Pound rose alongside equities as GBP/USD broke above key falling resistance. Ahead, the anti-risk Japanese Yen may weaken if Asia Pacific stocks follow Wall Street’s lead.

Dow, S&P 500 Hasten Rally as the USD Snaps - Is the Low in Place? 26 Mar 2020, 7:45 pm

Stocks have come back to life this week with the S&P 500 up by more than 18% off of the lows, going along with a strong reversal in the US Dollar.

GBP/USD Outlook Ahead of BoE Rate Decision, US Jobless Claims 26 Mar 2020, 8:00 am

The British Pound may face liquidation pressure ahead of the BoE rate decision at the same time that traders may be scrambling to the haven-linked USD after jobless claim data is released.

Canadian Dollar Rose, USD/CAD Uptrend Held. Virus Bill Vote Delayed? 26 Mar 2020, 12:00 am

The Canadian Dollar rose but USD/CAD maintained its upward trajectory. This is as the US Dollar is gaining with an immediate vote on the virus relief bill appearing to be delayed.

US Dollar Pulls Back from Three-Year-Highs: EUR/USD, GBP/USD, AUD/USD 25 Mar 2020, 7:30 pm

The US Dollar put in a huge breakout over a ten-day-span. DXY has since found resistance and posed a 23.6% pullback, but are buyers reloading for more gains?