News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Bearish
Oil - US Crude
Bullish
Wall Street
Bearish
Gold
Bearish
GBP/USD
Mixed
USD/JPY
Bullish
More View more
Real Time News
  • The recent surge in the Treasury market has pushed the benchmark 10Y yield back above the S&P 500 dividend yield https://t.co/x28BFkmjNv
  • S&P 500 on the verge of getting separation from March trend-line. Nasdaq 100 below March trend-line, triggering H&S pattern. Get your #equities market update from @PaulRobinsonFX here:https://t.co/quhMgBpoiq https://t.co/n0jtTnVNwl
  • Japanese Gov't recommends 2-week extension of Tokyo virus emergency - BBG $JPY
  • While the rise in yields is weighing on risk trends, carry trade didn't seem to take the hit. In fact, the charge in US yields seems to have far outweighed the de-risking from $USDJPY's perspective: https://t.co/KpOpgopOep
  • Forex Update: As of 21:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: -0.09% 🇬🇧GBP: -0.40% 🇦🇺AUD: -0.69% 🇳🇿NZD: -0.81% 🇯🇵JPY: -0.90% 🇨🇭CHF: -0.97% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/8Tvotykz9y
  • Commodities Update: As of 21:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.33% Gold: -0.69% Silver: -2.64% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/faJTbi16VK
  • AUD/USD now off daily lows, remains much weaker as a result of broad US Dollar strength $AUDUSD https://t.co/OkdKWbepAR
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 93.13%, while traders in GBP/JPY are at opposite extremes with 70.14%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/XXOjh5LmaB
  • Silver price action stalls between Moving Averages. Platinum prices currently confined by Fibonacci Support. Get your market update from @Tams707 here:https://t.co/Nbl8FDmfps https://t.co/VyuZzP8w2q
  • US Markets at the Close $NDX 12464.0 -1.73% $SPX 3768.49 -1.34% $DJI 30924.14 -1.11%
Dow Jones, Crude Oil Prices, British Pound, Euro, Yen: Markets Week Ahead

Dow Jones, Crude Oil Prices, British Pound, Euro, Yen: Markets Week Ahead

The Dow Jones, Nasdaq 100 and S&P 500 pushed into record highs without much interruption this past week. This is despite a revision to China’s method in counting coronavirus cases, which resulted in an unexpected surge of roughly 15k reports. The markets also brushed off the Fed committing to reducing the size of term and overnight repo operations as the balance sheet swelled.

The pro-risk Australian Dollar and similarly-behaving New Zealand Dollar rose, with the latter helped by a neutral RBNZ rate decision. The British Pound shined as well, fueled by expectations of fiscal stimulus that undermined dovish BoE monetary policy bets. Sentiment-linked crude oil prices appeared to find a bottom as the anti-risk Japanese Yen traded sideways and the Euro sank.

We begin the new week with Wall Street offline for Presidents’ Day, lowering levels of liquidity in financial markets. Globally, low levels of inflation have kept most central banks in a persistent accommodative mode. That may diminish the impact of UK, Canadian, Japanese and Eurozone CPI data on the GBP, CAD, JPY and EUR respectively over the next 5 trading days.

The FOMC meeting minutes will be of a particular focus, with policymakers tending to maintain neutral views on interest rates. That contrasts starkly with the markets dovish expectations which may be disappointed, risking a sour mood on Wall Street which may benefit the Yen and US Dollar. Other event risk includes the Iranian legislative election, EU budget talks and ZEW surveys.

Fundamental Forecast:

US Dollar Outlook Bullish on FOMC Minutes, Coronavirus, Iran

The US Dollar may rise if the FOMC minutes cool 2020 rate cut bets and may be amplified by demand for liquidity amid the spread and impact of the coronavirus and Iran election.

Australian Dollar Remains on Virus Watch As Key Jobs Data Loom

The Australian Dollar will move with coronavirus headlines but a couple of domestic data points may offer a little respite.

USD/MXN Outlook: Rate-Cut Highlights Mexican Peso Carry Trade Value

The Mexican Peso reinforces its carry trade value despite Banxico cutting rates by 25 basis points.

Gold Weekly Forecast: A Growing Case For a Range Break

The price of gold has remained in check for the past couple of weeks and is looking to break a narrowing technical pattern, fueled by growing fears that the coronavirus is still spreading.

Dow Jones, Nasdaq 100, DAX 30 Forecasts for the Week Ahead

The week ahead will see the release of the Fed’s January meeting minutes which could offer insight on the central bank’s willingness to cut rates and expand the balance sheet – two crucial tailwinds

Technical Forecast:

GBP/USD Rate Rebound Undermined by Bearish Trend in RSI

The Relative Strength Index (RSI) undermines the recent rebound in GBP/USD as the indicator continues to track the bearish trend carried over from December.

Gold Prices on the Brink of Breakout with Key Levels in View

Gold prices have coiled up between trend-defining technical barriers, hinting that a pivotal breakout establishing lasting direction is brewing ahead.

Canadian Dollar Outlook: USD/CAD Chart Looking Lower in Week Ahead

The US Dollar rolled over from resistance versus the Canadian Dollar; looks like a bit more weakness ahead at the least.

Euro Breaks Down -Euro Technical Forecast: EUR/USD, EUR/JPY, EUR/CHF

It was a tough week for the single currency as Euro sellers ran amok. But, retail traders appear to be trying to pick a low – keeping the door open for further losses.

Dow Jones, Nasdaq 100, DAX 30, Nikkei 225 Technical Outlook Ahead

The Dow Jones, Nasdaq 100 and Nikkei 225 face fading upside momentum as the DAX 30 eyes a sign of indecision after hitting record highs. What is the technical global stocks outlook?

Currency Performance

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES