July 07, 2020 at 06:33AM The U.S. is “looking at” banning TikTok and other Chinese social media apps, Secretary of State Mike Pompeo told Fox News on Monday. His comments come amid […]
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Australian Dollar Rises as RBA Keeps Rates on Hold
July 07, 2020 at 06:00AM The Australian Dollar continued to trek higher against its US Dollar counterpart as the Reserve Bank of Australia held interest rates steady. Continue Reading… From: Daniel Moss […]
Dollar Up, With Investors Turning to Safe-Have Amid Rising COVID-19 Numbers
July 07, 2020 at 05:42AM Dollar Up, With Investors Turning to Safe-Have Amid Rising COVID-19 Numbers Continue Reading… Author: Investing.com | Post link: https://www.investing.com/news/forex-news/dollar-up-with-investors-turning-to-safehave-amid-rising-covid19-numbers-2221772 Selected by fonecable.com SIMILAR ARTICLES ON WEB: Dollar […]
Gold Holds Near 2020 High as Fed Main Street Program Goes Operational
July 07, 2020 at 05:00AM Current market conditions may keep the price of gold afloat as the Boston Federal Reserve announces that the Main Street Lending Program is now “fully operational.” Continue […]
Bitcoin, Litecoin, Ethereum Outlook: BTC/USD, LTC/USD, ETH/USD
July 07, 2020 at 03:00AM Bitcoin and Ethereum prices remain largely in range-bound trade, but a directionlsbias may soon be revealed while LTC/USD is gearing up for a potential spike. Continue Reading… […]
S&P 500 Up as Virus Growth Slows, Asia-Pacific Stocks to Open Higher
July 07, 2020 at 02:00AM The S&P 500 index climbed 1.59% last night as the Covid-19 growth rate fell below its 7-day average in the ‘sun belt’ states of the US. Asia-Pacific […]
EUR/USD Bull Flag Still on Radar as RSI Preserves Bullish Trend
July 07, 2020 at 01:00AM A bull flag formation remains on the radar for EUR/USD as the Relative Strength Index (RSI) continues to track the bullish trend from earlier this year. Continue […]
AUD May Extend Gains on RBA Rate Decision After Wall Street Bounce
July 07, 2020 The Australian Dollar may glimmer in Tuesday’s Asia-Pacific trading session as investors gear up for the Reserve Bank of Australia (RBA) rate decision. Continue Reading… From: Dimitri Zabelin Selected […]
Nasdaq 100 & Dow Jones Forecast: Are Stocks in for Another Leg Higher?
July 06, 2020 at 10:40PM The Nasdaq 100 pressed to new heights as Asian equities surged higher on swelling volume. Will strength in other equity markets help extend the rally in US […]
Oil rises on economic data but spike in U.S. virus cases caps gains
July 06, 2020 at 08:00PM Oil rose slightly on Monday as positive economic data supported prices, while a spike in coronavirus cases that could curb fuel demand in the United States limited […]
Bitcoin Is the ‘New’ Apple — How BTC Price Could Reach $60,000 by 2023
July 06, 2020 at 07:51PM Bitcoin hangs near the chasm of the adoption curve, and its price looks similar to Apple’s stock in 2008 before it broke out with a 520% rally. […]
Canadian Dollar Price Outlook: USD/CAD Stalls Ahead of Key Support
July 06, 2020 at 08:22PM USD/CAD has been range bound over the past few weeks, with the 1.3500 area thwarting sellers on multiple occasions. Can bears take control? Continue Reading… From: James […]
Dollar Falls Sharply as Slump Continues, But Dark Days to End Soon, BofA Says
July 06, 2020 at 07:25PM Dollar Falls Sharply as Slump Continues, But Dark Days to End Soon, BofA Says Continue Reading… Author: Investing.com | Post link: https://www.investing.com/news/forex-news/dollar-falls-sharply-as-slump-continues-but-dark-days-soon-over-boa-says-2221438 Selected by fonecable.com SIMILAR ARTICLES […]
DAX 30 Forecast: What Stock Will Replace Wirecard on the DAX 30 Index?
July 06, 2020 at 06:00PM The accounting scandal that took down Wirecard has led to an implosion in share price for the tech stock, rendering it subject to removal from the DAX […]
US Dollar Weakness Abates on Upbeat Services PMI
July 06, 2020 at 05:00PM US Dollar price action recovered marginally Monday morning on a better than expected services sector report from the Institute for Supply Management Continue Reading… From: Thomas Westwater […]
US Dollar, VIX Index Stumble as Stock Market Euphoria Prevails
July 06, 2020 at 05:00PM Appetite for risk endures and continues to weigh negatively on the broader US Dollar, which has tracked the VIX Index ‘fear-gauge’ lower as global equities melt higher. […]
Renminbi surges following bull run on markets
July 06, 2020 at 03:58PM The Chinese yuan has come to life today. Earlier, we noted the abnormal strengthening of the Chinese stock market, which has experienced a real rally since last […]
China-Powered Global Stock Market Mania Risks Creating New Bubble
July 06, 2020 at 03:09PM A worldwide stock market surge fueled by China and improving economic indicators risks creating a bubble, analysts have warned. The Chinese stock market has jumped 14% in […]
Copper Wave Analysis – 6 July, 2020
July 06, 2020 at 02:52PM • Copper broke resistance level 276.80 • Likely to rise to 288.50 Copper continues to rise inside the short-term impulse wave (iii) which started earlier from the […]
EURUSD Wave Analysis – 6 July, 2020
July 06, 2020 at 02:51PM • EURUSD rising inside wave (ii) • Likely to rise to 1.3500 EURUSD continues to rise inside the short-term corrective wave (ii) which started earlier from the […]
EURJPY Wave Analysis – 6 July, 2020
July 06, 2020 at 02:50PM • EURJPY broke resistance level 121.40 • Likely to rise to 122.00 EURJPY recently broke the resistance level 121.40 – coinciding with the 38.2% Fibonacci retracement of […]
Alibaba Wave Analysis – 6 July, 2020
July 06, 2020 at 02:48PM • Alibaba broke key resistance level 230.00 • Likely to rise to 240.00 Alibaba recently broke with the sharp upward gap above the key resistance level 230.00 […]
S&P 500 Rallies as Key Insiders Dump Stock, Traders Add Shorts
July 06, 2020 at 03:00PM The S&P 500 index may continue pacing higher as traders shift into an increasingly net-short position, but corporate insider activity flash worrying signals for broader market trends. […]
Lebanese central bank sets 3,900 pound/dollar rate for essential food industries
July 06, 2020 at 12:40PM Lebanese central bank sets 3,900 pound/dollar rate for essential food industries Continue Reading… Author: Reuters | Post link: https://www.investing.com/news/economy/lebanese-central-bank-sets-3900-pounddollar-rate-for-essential-food-industries-2220951 Selected by fonecable.com SIMILAR ARTICLES ON WEB: Lebanese […]
Generation Z Is Bearing the Economic Brunt of the Virus
July 06, 2020 at 01:19PM Already scarred by the global financial crisis a decade ago, a generation of younger people is bearing the economic brunt of the coronavirus. Even billions of dollars […]
GBP/USD, EUR/GBP and FTSE 100 Latest Outlooks – UK Market Webinar
July 06, 2020 at 01:20PM Sterling is treading water with a very mild upside bias, especially against a weaker US dollar. EU/UK trade talks continue and on Wednesday Chancellor Sunak announces a […]
Australian Dollar Forecast: Will the RBA Talk About AUD/USD?
July 06, 2020 at 12:04PM Australian Dollar continues to track risk sentiment higher, despite the rising concerns over a second wave of COVID cases Continue Reading… From: Justin McQueen Selected by fonecable.com […]
China Propels Global Stock Rally to One-Month High
July 06, 2020 at 11:25AM Global stock markets are starting the week with a bang after China’s influential state media stoked bullish enthusiasm. The dollar index fell for a fifth day and […]
Deutsche Bank sees China’s ‘V-shaped recovery’ moderating in the second half of 2020
July 06, 2020 at 10:35AM China’s economic recovery could cool in the second half of 2020 after its strong bounce from lows earlier in the year, according to Deutsche Bank’s chief economist […]
World Health Organization reports new coronavirus cases reach all-time high
July 06, 2020 at 10:19AM The number of new Covid-19 cases worldwide has reached a record high at 212,326 cases in the last 24 hours, according to a situation report from the […]
China stocks rally on American money
July 06, 2020 at 09:15AM The stock rally in Chinese markets continues to gain momentum. China A50, the blue-chip index of the Shanghai Stock Exchange has soared 5.7% since the beginning of […]
Shanghai soars more than 5%, leading gains in Asia as ‘bull sentiment’ drives markets
July 06, 2020 at 09:04AM Stocks in Asia Pacific were higher during Monday’s trading session. Shares in mainland China led regional gains. The Shanghai composite soared 5.34% while the Shenzhen component rose […]
British Pound (GBP) Latest: GBP/USD Uplift Driven by US Dollar Weakness
July 06, 2020 at 09:00AM The latest bout of US dollar weakness has helped to push GBP/USD a touch higher but commentary from this week’s EU/UK trade talks will soon become the […]
Forex – Euro Buoyed by German Data, Recovery Plan
July 06, 2020 at 08:01AM Forex – Euro Buoyed by German Data, Recovery Plan Continue Reading… Author: Investing.com | Post link: https://www.investing.com/news/forex-news/forex–euro-buoyed-by-german-data-recovery-plan-2220753 Selected by fonecable.com SIMILAR ARTICLES ON WEB: Forex – Euro […]
Euro Charts Hint at Rise, EU Stoxx 50 at Risk Amid Stimulus Talks
July 06, 2020 at 08:00AM EUR/GBP, EUR/NZD poised to move higher whilst stimulus talks hamper the EU Stoxx 50 Index’s three-month rally. Continue Reading… From: Daniel Moss Selected by fonecable.com Search Web: […]
Gold Prices Down, Not Out as China Cheerleads Stock Markets
July 06, 2020 at 07:35AM Gold prices edged lower as China talked up stock markets and pushed bond yields higher, but a weaker US Dollar limited the anti-fiat metal’s losses. Continue Reading… […]
USD/CAD Rate Outlook Mired by Failed Attempt to Test June High
July 06, 2020 at 06:00AM USD/CAD appears to have reversed course amid the failed attempt to test the June high (1.3801), with the exchange rate carving a series of lower highs and […]
Dollar Down Even Amid Rising COVID-19 Cases
July 06, 2020 at 05:37AM Dollar Down Even Amid Rising COVID-19 Cases Continue Reading… Author: Investing.com | Post link: https://www.investing.com/news/forex-news/dollar-down-even-amid-rising-covid19-cases-2220702 Selected by fonecable.com SIMILAR ARTICLES ON WEB: Dollar Down Even Amid Rising […]
NZD/USD Rate Approaches June High while Net-Short Interest Jumps
July 06, 2020 at 03:00AM NZD/USD approaches the June high (0.6585), with the appreciation in the exchange rate fueling a jump in net-short positions according to the IG Sentiment report. Continue Reading… […]
Hang Seng Index Breaks 25,000 as China A50 Tests a Key Resistance
July 06, 2020 at 02:00AM The Hang Seng Index has broken resistance at 25,000 with increased volume, with south-bound flow a big driver. The China A50 stock index is testing major resistance. […]
Dollar in tight range ahead of U.S. services sector data
July 06, 2020 at 01:00AM Dollar in tight range ahead of U.S. services sector data Continue Reading… Author: Reuters | Post link: https://www.investing.com/news/forex-news/dollar-in-tight-range-ahead-of-us-services-sector-data-2220631 Selected by fonecable.com SIMILAR ARTICLES ON WEB: Dollar in […]
ASX 200, AUD/JPY Outlook Dictated By COVID-19 Lockdown Measures
July 06, 2020 at 01:00AM The ASX 200 and AUD/JPY at risk of a correction as cases of Covid-19 continue to climb in Australia’s second most populous state, Victoria. Continue Reading… From: […]
XAU/USD Outlook Bearish For Q3 on Financial Risks, Covid-19 Pandemic
July 05, 2020 at 09:00PM Gold prices may surrender to the US Dollar if another wave of the coronavirus hammers global growth prospects and destabilizes the fragile corporate debt market. Continue Reading… […]
Australian Dollar Fundamental Forecast for Q3 2020
July 05, 2020 at 03:00PM A shift in the RBA’s forward guidance should heighten the appeal of the Australian Dollar if the central bank prepares to remove the yield target later this […]
Congo mines minister to meet with firms on confinement moratorium
July 05, 2020 at 01:15PM Democratic Republic of Congo mines minister Willy Kitobo Samsoni plans to meet with mining companies to agree a moratorium on confining workers to mine sites due to […]
Dow Jones: A True Cross Section of American Industry?
July 05, 2020 at 01:00PM Dow Jones: A True Cross Section of American Industry? If you ask a financial analyst or expert trader how to get a picture of where the global […]
How AUD & NZD Exchange Rates Are Impacted by China’s Economy
July 05, 2020 at 12:00PM AUD and NZD Analysis, China Trade Relations With Australia and New Zealand, Understanding the Core-Perimeter Model -TALKING POINTS: How to trade the Australian and New Zealand Dollars […]
Iran rial slides to new low as coronavirus, sanctions weigh
July 04, 2020 at 06:35PM The Iranian rial fell to a new low against the U.S. dollar on the unofficial market on Saturday, as the economy comes under pressure from the coronavirus […]
How China-ASEAN Relations Impact SGD, IDR, MYR, PHP
July 05, 2020 at 08:00AM China-ASEAN Relations, Singapore Dollar, Indonesian Rupiah, Malaysian Ringgit, Philippine Peso – Talking Points How do changes in Chinese growth impact ASEAN FX: SGD, IDR, MYR, PHP? How […]
Sterling (GBP) Remains On Edge as EU/UK Trade Talks Continue
July 05, 2020 at 05:00AM Sterling (GBP): UK PM Boris Johnson wants EU/UK trade talks to be completed by September. Sterling stuck in a range. Recommended by Nick Cawley Download our Brand […]
Mexican Peso Outlook at the Mercy of US Economic Trends
July 05, 2020 at 04:00AM Understanding the US-Mexico relationship and how the ebb and flow of economic activity in the former impacts the latter is crucial for trading USD/MXN. Continue Reading… From: […]
How to Trade the Euro, NOK and SEK Using the Core-Perimeter Model
July 05, 2020 A macro forex trading guide exploring how to trade the Euro vs the Swedish Krona and Norwegian Krone through the prism of the Core-Perimeter model Continue Reading… From: Dimitri […]
Euro Forecast: Outlook for EUR/USD Negative Longer Term
July 04, 2020 at 09:00PM The European Council President is expected this coming week to propose a marginally smaller seven-year EU budget but wrangling between EU countries will likely continue, leading to […]
Canadian Dollar Trading: US Economic Growth Takes Center Stage
July 04, 2020 at 08:00PM A macro forex trading guide exploring the US-Canada relationship and how to trade the Canadian Dollar through the prism of the Core-Perimeter model. Continue Reading… From: Dimitri […]
Core-Perimeter Trading Model: US, Eurozone & China
July 04, 2020 at 04:00PM The Core-Perimeter framework allows traders to understand the macro-fundamental interactions between powerhouse economies and their perimeter counterparts, offering valuable insight on how to trade… Continue Reading… From: […]
Japanese Yen Q3 Fundamental Outlook, Dow Jones and S&P 500 Eyed
July 04, 2020 at 10:00AM The anti-risk Japanese Yen remains glued to the direction of the Dow Jones and S&P 500 benchmarks for Wall Street. What does the road ahead look like […]
Ethereum DeFi Broke Records in June, But Other Categories Are Suffering
July 04, 2020 at 08:53AM Results for the second quarter of 2020 show tremendous growth for decentralized applications across all ecosystems, primarily spearheaded by Ethereum (ETH) decentralized finance, or DeFi. Decentralized exchanges […]
The New DAX Decade: The Past, Present and Future of the DAX 30
July 04, 2020 at 05:00AM The DAX Index, which tracks the top 30 companies in Germany, is one of the most important and respected indicators of the world's economic health. DailyFX's DAX […]
Stock Market Third Quarter Forecast: Covid Concerns & Fed Policy to Clash
July 04, 2020 at 02:00AM Equity markets endured significant volatility last quarter even as they staged a remarkable recovery, but many of the same themes behind the initial crash exist heading into […]
Brazil’s Guedes says tax reform proposal ready, needs political agreements to move forward
July 03, 2020 at 11:00PM Brazil’s Guedes says tax reform proposal ready, needs political agreements to move forward Continue Reading… Author: Reuters | Post link: https://www.investing.com/news/forex-news/brazils-guedes-says-tax-reform-proposal-ready-needs-political-agreements-to-move-forward-2219989 Selected by fonecable.com SIMILAR ARTICLES ON […]
Venezuelan prosecutor issues arrest warrants for opposition’s ad hoc central bank board
July 03, 2020 at 08:35PM Venezuelan prosecutor issues arrest warrants for opposition’s ad hoc central bank board Continue Reading… Author: Reuters | Post link: https://www.investing.com/news/forex-news/venezuelan-prosecutor-issues-arrest-warrants-for-oppositions-ad-hoc-central-bank-board-2219942 Selected by fonecable.com SIMILAR ARTICLES ON WEB: […]
Global coronavirus cases exceed 11 million
July 03, 2020 at 06:44PM Global coronavirus cases exceeded 11 million on Friday, according to a Reuters tally, marking another milestone in the spread of the disease that has killed more than […]
Gold Wave Analysis – 3 July, 2020
July 03, 2020 at 03:53PM • Gold reversed from support level 1760.00 • Likely to rise to 1790.00 Gold recently reversed up from the support level 1760.00 (former resistance level which stopped […]
NZDCAD Wave Analysis – 3 July, 2020
July 03, 2020 at 03:52PM • NZDCAD broke key resistance level 0.8800 • Likely to rise to 0.8900 NZDCAD continues to rise after the earlier breakout of the key resistance level 0.8800 […]
GBPNZD Wave Analysis – 3 July, 2020
July 03, 2020 at 03:51PM • GBPNZD broke key support level 1.9130 • Likely to fall to 1.9000 GBPNZD recently broke the key support level 1.9130 (which stopped the previous impulse wave […]
AUDUSD Wave Analysis – 3 July, 2020
July 03, 2020 at 03:50PM • AUDUSD rising inside impulse wave 3 • Likely to rise to 0.7030 AUDUSD continues to rise inside the short-term impulse wave 3, which started earlier from […]
Sainsbury’s Wave Analysis – 3 July, 2020
July 03, 2020 at 03:49PM • Sainsbury’s broke daily up channel • Likely to fall to 1.900 Sainsbury’s recently broke the support trendline of the daily up channel from May (which enclosed […]
Dollar as a Safe Haven or Source of Global Instability?
July 03, 2020 at 02:00PM The US Dollar is the traditional safe haven currency – a boon when global risk is shaken by a pandemic. And yet, that role is not inviolable. […]
Chaos in gold markets ripples to other precious metals
July 03, 2020 at 12:44PM The chaos that engulfed the gold market in March as the global pandemic choked off physical trading routes is rippling through other precious metals, resulting in price […]
USD/MXN Continues to Slide Lower as Supportive Moving Averages Break
July 03, 2020 at 12:03PM The Mexican Peso continues to gain in the short-term against the US dollar and the pair now near a cluster of supportive lows. Continue Reading… From: Nick […]
World’s Largest Pension Fund Loses $165 Billion in Worst Quarter
July 03, 2020 at 11:17AM The world’s biggest pension fund posted a record loss in the first three months of 2020 after the coronavirus pandemic sparked a global market rout in the […]
Traders Brace for Big Drop as Bitcoin Dips Below $9K for Seventh Time
July 03, 2020 at 11:00AM The price of Bitcoin (BTC) dropped below $9,000 in a rapid pullback, falling by 5% in 48 hours. It marked the seventh drop to the $8,000s for […]
Oil falls below $43 on virus fears
July 03, 2020 at 09:59AM Oil fell below $43 a barrel on Friday as a resurgence of coronavirus cases raised concern that fuel demand growth could stall, although crude was still headed […]
Rupiah Slumps Ahead of Hearing on Indonesia’s Debt Monetization
July 03, 2020 at 08:27AM Rupiah Slumps Ahead of Hearing on Indonesia’s Debt Monetization Continue Reading… Author: Bloomberg | Post link: https://www.investing.com/news/forex-news/rupiah-slumps-ahead-of-hearing-on-indonesias-debt-monetization-2219546 Selected by fonecable.com SIMILAR ARTICLES ON WEB: Rupiah Slumps Ahead […]
Bitcoin gave up an important level
July 03, 2020 at 09:33AM Bitcoin balanced near the round level $9K, losing a little more than a per cent over the last 24 hours. On the part of technical analysis, it […]
U.S. reports 55,000 COVID-19 cases in single day, hits new global record
July 03, 2020 at 09:16AM The United States reported more than 55,000 new COVID-19 cases on Thursday, a new daily global record for the coronavirus pandemic, as infections rose in a majority […]
Fitch Ratings has downgraded a record 33 sovereign ratings
July 03, 2020 at 09:02AM Fitch Ratings has downgraded a record 33 sovereign ratings in the first half of this year — and the agency is not done yet as the coronavirus […]
Chinese markets have outperformed the U.S. by defeating the coronavirus
July 03, 2020 at 09:00AM Chinese markets update highs following business recovery Chinese stocks are showing a rally following upbeat data on activity in the service sector. Service PMI released on Friday […]
British Pound (GBP) Latest: EU/UK Trade Disagreements Continue to Cap Sterling
July 03, 2020 at 09:04AM The latest round of EU/UK trade talks broke up a day early yesterday with both sides noting significant differences on a range of topics, leaving Sterling adrift […]
Forex – Dollar Weakens as Economic Data Improves
July 03, 2020 at 07:50AM Forex – Dollar Weakens as Economic Data Improves Continue Reading… Author: Investing.com | Post link: https://www.investing.com/news/forex-news/forex–dollar-weakens-as-economic-data-improves-2219527 Selected by fonecable.com SIMILAR ARTICLES ON WEB: Forex – Dollar Weakens […]
EUR/USD, S&P 500 Stock Index May Fall on Fed Balance Sheet Contraction
July 03, 2020 at 08:00AM EUR/USD and the S&P 500 stock market index may fall as the Federal Reserve’s balance sheet contracts for the third consecutive week. Continue Reading… From: Daniel Moss […]
Crude Oil Prices Shrug Off US Jobs Data as Topping Signs Remain
July 03, 2020 at 07:33AM Crude oil prices found little lasting impact from better-than-expected US jobs data, with technical positioning warning that a top may be taking shape. Continue Reading… From: Ilya […]
Dollar Down With Glow From Positive Data Dimmed by Rising COVID-19 Cases
July 03, 2020 at 05:43AM Dollar Down With Glow From Positive Data Dimmed by Rising COVID-19 Cases Continue Reading… Author: Investing.com | Post link: https://www.investing.com/news/dollar-down-with-glow-from-positive-data-dimmed-by-rising-covid19-cases-2219473 Selected by fonecable.com SIMILAR ARTICLES ON WEB: […]
Europe Pushes to Avoid Economic Calamity By Extending Crisis Aid
July 03, 2020 at 05:36AM Europe Pushes to Avoid Economic Calamity By Extending Crisis Aid Continue Reading… Author: Bloomberg | Post link: https://www.investing.com/news/forex-news/europe-pushes-to-avoid-economic-calamity-by-extending-crisis-aid-2219472 Selected by fonecable.com SIMILAR ARTICLES ON WEB: Europe Pushes […]
Gold Price Retains Bullish Behavior in July to Mark Fresh 2020 High
July 03, 2020 at 06:00AM Current market conditions may keep the price of gold afloat as bullion trades to a fresh yearly high ($1789) in July. Continue Reading… From: David Song Selected […]
AUD/JPY, EUR/JPY, GBP/JPY Levels to Watch As Risk Appetite Returns
July 03, 2020 at 03:00AM The Japanese Yen may continue its decline as AUD/JPY and EUR/JPY seem poised to move higher. GBP/JPY proving to be the laggard, struggling at key resistance. Continue […]
Johnson Says U.K. ‘Not Out of the Woods’ as Pubs Prepare to Open
July 02, 2020 at 11:27PM Johnson Says U.K. ‘Not Out of the Woods’ as Pubs Prepare to Open Continue Reading… Author: Bloomberg | Post link: https://www.investing.com/news/forex-news/johnson-says-uk-not-out-of-the-woods-as-pubs-prepare-to-open-2219350 Selected by fonecable.com SIMILAR ARTICLES ON […]
