Foreign Exchange

The Latest Forex Market News Courtesy of DailyFx.

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Market News

USD/CAD has been on an aggressive ride of late, recently building into a descending triangle pattern, that may point to a deeper pullback.
Author: James Stanley
Posted: April 9, 2020, 7:17 pm
This earnings season will stand in a league of its own as corporations grapple with an unprecedented threat to growth and economic activity. As a result, it may be a stock-pickers dream.
Author: Peter Hanks
Posted: April 9, 2020, 5:45 pm
Foreign exchange – or “forex” – markets often pay close attention to politics and central bank policy. We offer a model for traders to gauge their impact on exchange rates.
Author: Christopher Vecchio, CFA, Dimitri Zabelin
Posted: April 9, 2020, 3:00 pm
Federal Reserve provide a credit backdrop with a huge $2.3 trillion loan program. US Dollar drops.
Author: Justin McQueen
Posted: April 9, 2020, 1:44 pm
This morning brought the release of net change in employment out of Canada to the tune of -1010.7k vs the expectation of -500k.
Author: Austin Sealey
Posted: April 9, 2020, 12:30 pm
Bitcoin continues to edge higher but the daily chart shows the advance slowing. The supportive uptrend from mid-March may come under renewed pressure.
Author: Nick Cawley
Posted: April 9, 2020, 11:24 am
All eyes on OPEC meeting as oil prices soar. Volatility expected to pick up for commodity-linked currencies.
Author: Justin McQueen
Posted: April 9, 2020, 11:00 am
With no agreement reached yet by the Eurozone on their latest coronavirus rescue plan, EUR/GBP may look to re-test a cluster of support levels.
Author: Nick Cawley
Posted: April 9, 2020, 9:30 am
Sterling has moved back to 1.24 US Dollars in early European business Thursday as the BoE agrees to finance UK Government spending temporarily and Boris Johnson’s health improves.
Author: Martin Essex, MSTA
Posted: April 9, 2020, 8:00 am
The US Dollar may rise if sentiment data for April falls short of forecasts and pushes the highly-liquid Greenback higher. Reconciliation within OPEC could buoy crude oil prices.
Author: Dimitri Zabelin
Posted: April 9, 2020, 7:00 am
Gold prices found support in the wait for US employment data which hasbeen soaring for the past two weeks as coronavirus stifles the labor market.
Author: David Cottle
Posted: April 9, 2020, 6:00 am
EUR/USD may face range bound conditions through the Easter holiday as the exchange rate fails to extend the series of lower highs and lows from the previous week.
Author: David Song
Posted: April 9, 2020, 4:00 am
The Australian Dollar was already under pressure but wilted further as the RBA's financial review was forthright about likely coronavirus effects.
Author: David Cottle
Posted: April 9, 2020, 1:30 am
The Euro and crude oil prices will be at the mercy of ongoing OPEC+ and Eurozone negotiations as members from each respective group attempt to reach a consensus on policy.
Author: Dimitri Zabelin
Posted: April 9, 2020, 1:00 am
USD/CAD may face range bound conditions going into the Easter holiday as the exchange rate fails to track the pennant formation carried over from the previous month.
Author: David Song
Posted: April 9, 2020, 12:00 am
The Japanese Yen and US Dollar sank as Wall Street and crude oil prices gained ahead of the OPEC+ meeting. A rosy Asia Pacific trading session may bode well for the Australian Dollar.
Author: Daniel Dubrovsky
Posted: April 8, 2020, 11:00 pm
This earnings season will stand in a league of its own as corporations grapple with an unprecedented threat to growth and economic activity. As a result, it may be a stock-pickers dream.
Author: Peter Hanks
Posted: April 8, 2020, 10:00 pm
Earnings season is a period ripe with trading opportunities and volatility but can be unpredictable. Here are 3 things to know when trading earnings season.
Author: Peter Hanks
Posted: April 8, 2020, 5:00 pm
The NY Fed Recession Probability indicator only indicates an 18% chance of a recession within the next year. That seems low.
Author: Christopher Vecchio, CFA
Posted: April 8, 2020, 4:30 pm
Stocks have come back but look at risk of weakness now, oil is still trying to figure itself out, while gold continues to be difficult but bullish-looking nevertheless.
Author: Paul Robinson
Posted: April 8, 2020, 11:30 am

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