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DAX 30 & CAC 40 Price Forecast Tied To Nearby Fibonacci Levels
Recent price action has seen the DAX 30 run into resistance at the Fibonacci level near 12,448. The CAC 40 has been similarly contained by parallel barriers around 5,130 and 5,210.
FTSE 100 Outlook: BoE To Provide Liquidity Boost In QE Package
The Bank of England is due to announce its monetary policy decision at 12:00 BST. As it stands, the broad consensus is for a GBP 100 billion increase in asset purchases.
GBP/USD Treading Water As Investors Eye BoE Rate Decision
Bank of England expected to expand asset purchasing facility at upcoming meeting.
Gold Price Outlook: Gold Holds Below Key Resistance, Range Remains
Gold prices have now been battling a key point of resistance for two months.
US Dollar Stages Rebound As VIX ‘Fear-Gauge’ Climbs, Dow Slumps
The US Dollar continues to show encouraging signs that a potential bottoming attempt might be in play.
EUR/USD, EUR/JPY Rallies Infeebled By Virus Headlines - Key Levels
The Euro had been a prime beneficiary of optimistic speculation surrounding the global economy ‘restarting.’ Resurgent fears of a new coronavirus wave have kneecapped the Euro.
Canadian Dollar Outlook: USD/CAD Probing 200-DMA Support Again
The Canadian dollar’s multi-month rally against its neighbor continues and the pair are now pressing down on the 200-day moving average again.
DAX 30 Outlook: Stimulus Outweighs China Second Wave Risks For Now
In the short term, topside resistance situated at 12450 may cap upside in the DAX for now, particularly as market participants remain cautious on the rise in virus cases.
Indian Rupee Eyes China-India Border Dispute, Nifty 50 At Risk
Both the Indian Rupee and Nifty 50 are vulnerable to escalating China-India tensions. Coronavirus cases spike in China as India wrestles with deep recession. The USD/INR may rise after resistance break but the Nifty 50 may not clear support.
Euro Stoxx 50 Forecast: Bulls Aim Higher On Improving Global Risk Appetite
The Euro Stoxx 50 index appears to be in a strong position headed into the rest of this week as global risk appetite returns on news of a proposed infrastructure stimulus bill out of the United States.
S&P 500, AUD/USD Drop As China Raises Coronavirus Threat Level
Equity markets have taken a turn for the worse following reports that Beijing will raise the emergency report level from level three to level two.
Silver Prices & Copper At Key Cross Section Ahead Of Powell Testimony
Silver prices have enjoyed a 45 percent ride after bottoming out in March, though recent price action suggests the pair’s remarkable ascent may be showing early signs of a broader pullback.
US Dollar Eyes Fed Chair Powell Testimony & Second Wave Risk
US Dollar catches a relief bounce as traders turn skittish and market sentiment wanes. The DXY Index attempts to build a base after sinking 6% from its year-to-date high.
S&P 500, Dow Start Week With Pullbacks And Support Tests
Both the Dow and S&P 500 have interacted with interesting areas of support, setting the stage for what should be an interesting week on the economic calendar.
Gold Price Holds Near June High Ahead Of Fed Chairman Powell Testimony
The price of gold has traded to fresh yearly highs every single month so far in 2020, and the precious metal may continue to exhibit a bullish behavior in June as the pullback from the yearly high ($1765) reverses ahead of the May low ($1670).
DAX 30 Breaks 12-Week Uptrend As COVID-19 Fears Spook Markets
Risk aversion was the motto of the day in Asia trade as a surge of new cases in the US, Tokyo and China spooked market participants.
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