All Market Live: October 2020

Saturday, 31 October 2020

Mexican Peso Fundamental Forecast: Election Outcome to Determine Momentum

As the run up to election day comes to an end, USD/MXN looks for any clues on risk appetite

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Euro Forecast: EUR/USD Outlook Bleak if 1.16 Support Breaks

A steep fall in EUR/USD is on the cards if strong support at 1.16 breaks after last week’s strong hint by the ECB that it’s planning still more stimulus for the Eurozone economy in December.

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Gold Price Forecast - The Calm Before the US Election Storm

Gold is likely to get buffeted next week as investors watch the US presidential election voting out-turns.

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US Dollar Outlook Hinges on Presidential Election, Covid-19, FOMC

A significant rise in coronavirus infections and US presidential election jitters may buoy the haven-associated US Dollar ahead of the FOMC interest rate decision.

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Friday, 30 October 2020

Crude Oil Volatility to Surge on FOMC Decision, US Presidential Election?

Sentiment-sensitive crude oil prices may have a volatile week ahead of the highly-anticipated US presidential election and the FOMC rate decision.

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AUD/USD Breaks September Low Ahead of RBA, Fed Rate Decisions

The future implications of the US election may influence AUD/USD following the RBA and Fed rate decisions as Congress struggles to pass another round of fiscal stimulus.

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GBP/USD Weekly Forecast: US Election the Main Risk, BoE to Boost QE

USD awakens, placing GBP/USD on the backfoot, while EUR/GBP cracks 0.90.

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Gold Price Reverses Ahead of September Low with US Election on Tap

The price of gold may trade within a defined range ahead of the US Presidential Election as it reverses ahead of the September low ($1849).

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How Will Markets React to the 2020 US Presidential Election?

A second term of Trump or a first term of Biden could have significantly divergent outcomes for the U.S. economy and global financial markets.

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EUR/USD Latest: Euro Area Growth Exceeds Forecast, Euro Looks Past Data

Euro Area Q3 growth exceeds expectations, however, Euro looks past data with Q4 momentum slowing dramatically.

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South African Rand outlook: Global Sentiment Continues to Govern ZAR

Central fundamental factors will dictate Rand price action over the coming weeks. Will this continue to aid ZAR strength or will local economic conditions come to light?

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VIX Index: US Election Uncertainty to Drive Market Volatility

The VIX Index tends to rise as the US presidential election approaches as investors hedge against potential downside risk that can arise from such a turbulent event.

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Brexit Talks Continue, FTSE Makes a Fresh 6-Month Low, GBP/USD Stable

The FTSE 100 has just printed a fresh 6-month low on heightened Covid-19 fears as more regions go into lockdown.

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Thursday, 29 October 2020

IBEX 35, CAC 40 In Jeopardy Amid Stringent Covid-19 Restrictions

The Spanish IBEX 35 and French CAC 40 indices are at risk of extended losses as both nations tighten restrictions amid a record surge of Covid-19 cases.

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Trump Vs. Biden on Economies and Markets

Depending upon the outcome of the November presidential election, the US economy could take very different tracks.

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AUD/USD Selloff May Deepen With Stalemate on Fiscal Talks. Biden Leads

AUD/USD may decline as it tests key support amid swelling risk aversion from bipartisan intransigence over fiscal stimulus and a spike in Covid-19 cases.

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Nasdaq 100 Forecast: Mixed Reaction to Earnings as Covid Muddles Outlook

High-impact tech earnings from Apple, Amazon, Alphabet, and Facebook showed strong growth across the tech giants, but market reactions were mixed, as Covid complicates projections

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How Will the Election Affect the Stock Market? Dow Jones Forecast

Presidential elections are known to dominate popular culture and news media in the lead up to November, but what does an election do to the stock market?

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Nasdaq 100, Dow Jones Climb Ahead of AAPL, AMZN, FB, GOOG Earnings

After a week of turbulence, the Nasdaq 100 and Dow Jones climbed significantly ahead of earnings from some of the largest publicly traded companies in the world. Will they meet expectations?

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NZD/USD Pullback Takes Shape Amid Failure to Test September High

NZD/USD appears to have reversed course ahead of the September high (0.6798) as the US Dollar appreciates on the back of waning investor confidence.

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Crude Oil Forecast: WTI Crude Oil Sinks to Fresh Four-Month-Lows

WTI Crude Oil broke down to a fresh four-month-low this morning; but found a bounce at an interesting level on the chart. Can sellers continue to push?

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ECB Pre-Commits to More QE in December, EUR/USD and DAX Reaction

More stimulus on the way from the ECB as a second wave of COVID dampens outlook.

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How Will Markets React to the 2020 US Presidential Election?

USD/CAD Eyes September High Following Break of Monthly Opening Range

Key market trends may continue to influence USD/CAD in November as the US Dollar reflects an inverse relationship with investor confidence.

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ECB Leaves Rates Unchanged, EUR/USD Remains Weak and Tests 1.1700

The European Central Bank (ECB) left all monetary levers untouched today, as expected, and will shortly add more color to its decision at the regular press conference

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US Dollar Rally Pauses as 3Q GDP Report Tops Market Forecast

US Dollar is edging modestly lower in the wake of the 3Q-2020 GDP report that just crossed market wires, which posted the fastest quarterly growth rate on record.

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Euro Dollar Forecast: EUR/USD Apprehensive Ahead of ECB Meeting

EUR/USD faces political and economic pressure as Europe introduces fresh lockdown measures ahead of US elections.

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Australian Dollar Forecast: AUD/NZD Looking a for Turning Point

AUD/NZD looks to have priced in RBA easing, while RBNZ is still intent on negative rates.

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USDJPY Pressing Down on Support as US Election, Covid Lockdowns Fuel Risk Aversion

USD/JPY continues to press down hard on multi-month support as the Japanese Yen picks up a fresh risk-off bid

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British Pound (GBP) Latest: GBP/USD Rallying After Wednesday's Spike Lower

GBP/USD is back to the 1.30 level and rising gently after Wednesday’s selloff led to a brief spike below trendline support that was soon reversed.

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EU Stoxx 50 May Fall Further on European Lockdowns Ahead of ECB

Europe’s benchmark EU Stoxx 50 index may extend its declines amid a wave of enhanced coronavirus restrictions ahead of the European Central Bank interest rate decision.

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Crude Oil, Gold Prices May Fall Further if US GDP Data Disappoints

Crude oil and gold prices may continue to fall if third-quarter US GDP data disappoints, triggering another round of liquidation across global financial markets.

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Wednesday, 28 October 2020

ASX 200 and Nikkei 225 Vulnerable to Further Declines as US Stocks Tumble

Asia-Pacific stocks might be vulnerable to a deeper pullback following a bloodbath session on the Wall Street due virus resurgence. The VIX Volatility Index soared whereas risk assets fell broadly.

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Gold Selloff to Accelerate With Less Than a Week Until Election Day?

Gold prices may face heightened liquidation pressure after XAU/USD broke a multi-week uptrend with the election less than a week away.

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S&P 500 Price Forecast: Options Traders Hedge Bets as VIX Soars

The S&P 500, along with the broader US equity group, closed deep in the red on Wednesday as markets grappled with the threat of rising coronavirus infection rates and mounting uncertainty headed in...

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Why Did the Nasdaq 100 Fall Today? What it Means for Tech Earnings

The Nasdaq 100 suffered an abrupt decline Wednesday, just a day before earnings are to be released from Apple, Amazon, Google and Facebook. Together, they represent a massive chunk of the index.

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Crude Oil Prices Spike Lower as Volatility Fuels Risk Aversion

Crude oil price action has crumbled over 5% during Wednesday’s trading session as coronavirus lockdowns mount and crush demand prospects for the commodity closely tied to economic activity.

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Central Bank Watch: BOE, ECB, & Fed Rate Expectations; EUR, GBP, Dow Positioning Update

Rate markets are pulling forward ECB interest rate cut expectations ahead of the October policy meeting.

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How Will Markets React to the 2020 US Presidential Election?

SA Rand Update: Budget Speech Preview, CPI Remains in Target Band

USD/ZAR Price analysis ahead of the much anticipated Medium-Term Budget Policy Statement

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Trump Vs. Biden on Economies and Markets

Depending upon the outcome of the November presidential election, the US economy could take very different tracks.

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US Dollar Bid on Safe Haven Flows vs EUR/USD and GBP/USD

Risk aversion across markets as Eurozone nears lockdown, US Dollar given modest boost against counterparts.

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EUR/USD Slumps as COVID-19 Resurgence Roils the Euro Ahead of the ECB Rate Decision

The Euro is under pressure as a fresh spike in coronavirus new cases and hospitalizations across Europe threatens a second wave of national lockdowns.

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British Pound (GBP) Latest: GBP/USD Hovering Close to 1.30 Amid Brexit Talks

GBP/USD will likely continue to trade around its current level as the EU and the UK continue to discuss their post-Brexit relationship and the US elections come closer.

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Canadian Dollar Poised to Fall Ahead of Bank of Canada Rate Decision

The Canadian Dollar could lose ground against the ‘safe haven’ Japanese Yen and US Dollar ahead of the upcoming Bank of Canada interest rate decision.

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Gold Price Coils Up in Tight Range. Will US Election Trigger Breakout?

Gold prices are coiling up in a tight range with an eye on key support level at US$ 1,900. Will the US election serve as a big breakout catalyst?

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How Will Markets React to the 2020 US Presidential Election?

Tuesday, 27 October 2020

S&P 500, Dow Jones: Can Stock Markets Predict Presidential Elections?

Does S&P 500 and Dow Jones Industrial Average performance 3 months or 1 year before a US presidential election impact its outcome? Data since 1932 are analyzed.

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Japanese Yen Outlook: Wait-and-See Bank of Japan May Bolster JPY

Souring market sentiment and the Bank of Japan’s wait-and-see approach to monetary policy may fuel the Japanese Yen against its major counterparts.

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Dow Jones Falls on Rising Virus Cases, Hang Seng Vulnerable to a Pullback

The Dow Jones fell for a third day after a higher number of coronavirus cases were reported in the US, France and Germany. Asia-Pacific stocks might be vulnerable to a pullback amid souring sentiment.

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S&P 500 Near Key Inflection Point With Election One Week Away

The S&P 500 may challenge a key inflection point as the benchmark index faces heightened liquidation pressure amid a spike in Covid-19 cases one week ahead of the US presidential election.

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Nasdaq 100 Outlook Steadied as Microsoft Beats Earnings Expectations

Technology giant Microsoft announced earnings after the close Tuesday, beating Wall Street expectations. This could help bolster the Nasdaq 100 ahead of other upcoming earnings.

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AUD/USD Price Outlook: Australian Dollar Braces for Inflation Data

AUD/USD price action looks ripe for volatility during Wednesday’s trading session with potential for the upcoming release of high-impact Australian inflation data to send the Aussie-Dollar swinging.

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How Will the Election Affect the Stock Market? Dow Jones Forecast

S&P 500 Price Forecast: SPX Tests Huge Zone at Bull Flag Support

It was a crude start to the week for US stocks, but the S&P 500 remains in a bull flag formation while holding on to a big area of long-term support.

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VIX Index: US Election Uncertainty to Drive Market Volatility

US Presidential Election Timeline and Implications for Gold Prices

The price of gold has become more responsive to the macroeconomic landscape since President Richard Nixon took steps to end the Bretton-Woods system starting in 1971.

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AUD/USD, GBP/USD, Silver & More: Charts & Technical Analysis

Aussie has a solid line of support to watch, Cable channel dictating the price action, while silver tight-ropes a trend-line from March.

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How Will Markets React to the 2020 Election?

Bullish Signals for NZD/USD, Bitcoin From Market Sentiment Data | Webinar

IG Client Sentiment figures, which track the positioning of retail traders, are sending out bullish contrarian trading signals for both NZD/USD and Bitcoin.

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Gold Price - Looking For a Reason to Range Break as Volatility Wanes

Gold is heading nowhere fast and needs a driver to break the current restrictive trend. A fragile equity space, dollar weakness, and US presidential elections are all capable of driving the next move.

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EUR/GBP Analysis: Brexit Hopes Bolster Pound Sterling

EUR/GBP has shown minimal price action of late but will upcoming EU economic data and Brexit negotiations be the catalysts needed to establish a directional bias?

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EUR/USD Outlook: Euro Battles Support, ECB May Signal December Action

Short-term support keeps EUR/USD afloat for now, ECB to address the worsening Eurozone growth outlook.

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British Pound (GBP) Latest: GBP/USD Still Sliding Lower as Brexit Talks Continue

Brexit talks are still taking place, and there are still hopes of a deal, but no progress is likely before the US elections next Tuesday.

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S&P 500 Index Perched At Key Support as Fiscal Aid Hopes Evaporate

The S&P 500 index is at risk of extending its fall from the monthly high as fiscal aid hopes evaporate and Covid-19 cases surge.

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Monday, 26 October 2020

Crude Oil Prices Fall as Second Viral Wave Dampens Demand Outlook

WTI crude oil prices fell for a second day as a resurgence in coronavirus cases around the globe weighed on the energy demand outlook. EIA’s crude inventory report in focus.

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Dow Jones Pulls Nikkei 225, ASX 200 lower on Alarming Covid-19 Resurgence

The Dow Jones tumbled 2.29% on Monday as a rapid surge in coronavirus cases across the US and Europe dampened growth prospects. The Nikkei 225 and ASX 200 risk a pullback.

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AUD/USD Forecast: Chinese Industrial Profits Flash Global Growth Warning?

The Australian Dollar didn’t appreciate fading Chinese industrial profits as roadblocks risk undermining global growth recovery bets. Will AUD/USD fall on bearish technical cues?

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GBP, AUD, USD Volatility to Swell on Cross-Continental Geopolitical Risks?

The British Pound, Australian Dollar and US Dollar may all experienced heightened periods of volatility as geopolitical risks in North America, Asia and Europe rattle global financial markets.

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Gold Prices Wilt as Virus Spike Spurs Haven Demand. Biden Leading in Polls

Gold prices may continue to slip if concern about rising Covid-19 cases pushes the haven-linked USD higher amid waning recovery prospects. Biden continues to lead in the polls.

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The Nasdaq 100 is Poised for a Volatile Week as Key Earnings Arrive

The Nasdaq 100 is in a precarious position ahead of a week that is surely one of the most important periods in months with big-tech earnings, GDP and the election on tap.

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USD Price Outlook: US Dollar in the Hot Seat as Election Nears

The US Dollar looks primed for heightened volatility this week as election risk intensifies and key themes like stimulus talks, equity earnings, and COVID-19 restrictions exacerbate uncertainty.

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Gold Price Forecast: XAUUSD Coils Ahead of Next Big Break

Gold prices are approaching three months of digestion following the aggressive bullish backdrop from this summer.

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How Will the Election Affect the Stock Market? Dow Jones Forecast

USD/JPY Price Action: USDJPY May Rise as Stocks Trade Lower

USD/JPY attempts to claw back last weeks losses with a test of 105.00

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Markets Week Ahead: Dow Jones, US Dollar, Stimulus, GBP, Brexit, EUR, ECB, JPY, BoJ

Global market sentiment remains fragile heading into a busy week. The Dow Jones and US Dollar eye ongoing fiscal stimulus talks as the election nears. GBP/USD remains glued on Brexit negotiations. ...

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South African Rand Dollar Forecast: USD/ZAR Conflicted Ahead of Major Risk Events

USD/ZAR remains below key psychological level ahead of major risk events

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DAX 30 Hits a Three-Month Low as SAP Cuts Earnings and Revenue Outlook

The DAX 30 fell over 2% in early turnover after German software giant SAP abandoned its prior forecasts due to the ongoing hit to demand from the coronavirus.

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British Pound (GBP) Latest - Brexit Talks Continue, Sterling Remains on Edge

Talks between the EU and the UK will continue in London this week, suggesting that a deal may be in the making. Sterling, however, will remain on the back foot until positive news is announced.

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Euro Outlook: Covid-19 Second Wave to Weigh on EUR/JPY, EUR/USD

The growth-sensitive Euro may struggle to move higher ahead of the ECB’s monetary policy meeting on October 29 as rising Covid-19 infections gnaw at regional sentiment.

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How Societal and Economic Crises Impact US Presidential Elections

Many elections have coincided with crises, none more so than the 2020 election. How have social and economic crises impacted elections in the past and present?

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Sunday, 25 October 2020

GBP, AUD, USD Volatility to Swell on Cross-Continental Geopolitical Risks?

Australian Dollar Capped By Resistance Ahead of Q3 Inflation Data

The AUD/USD exchange rate appears to be struggling to overcome key chart resistance ahead of Q3 inflation data as the RBA hints at further easing.

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Dow Jones Futures Fall, Hang Seng Risks Pullback, China Plenum in Focus

Dow Jones futures fell 0.5% on Monday as rising coronavirus cases and related restrictions are souring risk appetite. China’s Party plenum will be held in Beijing this week, with ‘internal circulat...

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US Dollar Still Struggling: USD/SGD, USD/IDR, USD/MYR, USD/PHP

The US Dollar may struggle finding momentum as markets remain in limbo until the presidential election. ASEAN currencies eye US GDP data, earnings, Brexit talks and rising Covid-19 cases.

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S&P 500 Recovery in the Works? Biden Leading in Key Swing States

The S&P 500 index may be in the beginning of a recovery as Biden leads in key swing states following the last presidential debate.

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Markets Week Ahead: Dow Jones, US Dollar, Stimulus, GBP, Brexit, EUR, ECB, JPY, BoJ

US Dollar Torn Between Q3 Corporate Earnings, US GDP Data, Virus Spike

The US Dollar may seesaw as investors navigate what could be a volatile week packed with US GDP data, rising Covid-19 cases, Q3 corporate earnings and more.

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Saturday, 24 October 2020

Sterling Weekly Forecast - Brexit Talks Continue, Is the End Game Near?

Talks between the EU and UK restarted today and will continue over the weekend as negotiators from both sides battle against the clock.

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Nasdaq 100, DAX 30, Nikkei 225 Forecasts Ahead of Big Tech Earnings

Stocks are set to endure a string of data releases with market-moving potential in the week ahead in the form of tech earnings, European GDP and more, even as the US Presidential election clamors f...

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Friday, 23 October 2020

Euro Forecast: ECB Meeting to Determine Next Major Move in EUR/USD

The longer-term EUR/USD outlook will hinge on Thursday’s ECB guidance; any hint of a further easing of Eurozone monetary policy would weaken it, but that is far from guaranteed.

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Gold Forecast: XAU/USD at the Mercy of a Fiscal Stimulus Deal

Gold prices lack broader direction as the precious metal trends sideways amid conflicting fundamental signals largely due to swings in real yields around fiscal stimulus negations.

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Copper Price Forecast: US Q3 GDP and Chinese PMI in Focus

Copper may be set to extend another leg higher if upcoming key economic data points to a positive recovery in China and the United States

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How Will Markets React to the 2020 Election?

US Dollar Firms on Solid PMI Data as Stimulus Hope Fades

The US Dollar is turning higher on back of an upbeat PMI report and renewed doubts for a stimulus deal before the election.

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Rand Update: ZAR Strength May Be Short Lived Ahead of Budget Speech

The ZAR posted gains vs the dollar this week in the lead up to a busy week comprising of unemployment data and the delayed Mid-Term Budget speech

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British Pound (GBP) Latest - PMIs Warn of Q4 Slowdown, Brexit Talks Continue

The latest Markit PMI figures suggest that while the economy expanded in October, the rate slowed considerably compared to September.

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EUR/USD Outlook: Robust Manufacturing Sector Pushes Euro Higher

Euro finds support this morning as a robust manufacturing sector defies expectations.

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Thursday, 22 October 2020

How to Trade the Impact of Politics on Global Financial Markets

In a slowing global economy, the threat of geopolitical risks destabilizing global growth are elevated and open the door to violent volatility – and trading opportunities.

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Crude Oil Prices May Rise on US Stimulus Hopes, PMI Data

Crude oil prices may rise on firming hopes for a near-term round of US fiscal stimulus coupled with firming PMI data. A soggy demand outlook might cap gains however.

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Dow Jones Underpinned by Jobs and Housing Data, Final Debate in Focus

Dow Jones futures extended gains after rising 0.5% on Thursday, supported by better jobs data and a strong rebound in existing homes sales. Asia-Pacific equity markets look set to trade mixed.

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Gold Price Uptrend at Risk Ahead of Third Presidential Debate?

Gold prices may rise if the final presidential debates reinforces Mr. Biden’s lead in the polls and softens demand for the haven-linked US Dollar.

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ASX 200 and Nikkei 225 Price Forecasts for the Week Ahead

The ASX 200 and Nikkei 225 look to be on the verge of bullish break outs, but unsteady risk appetite has delayed a confident move. Can the two indices press higher?

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How Will the Election Affect the Stock Market? Dow Jones Forecast

Bitcoin Price Analysis: BTCUSD Breakout Bursts Through Big Resistance

Bitcoin is breaking out in a big way, even as Gold and Silver remain in sluggish patterns of digestion.

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US Dollar Outlook: PMI Data to Fan Stimulus-Driven Volatility

The US Dollar attempts to stabilize and turn higher on Thursday following a sharp slide over the last few trading sessions as fiscal stimulus optimism simmers ahead of high-impact global PMI data due.

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How Will Markets React to the 2020 Election?

Gold Battles with Resistance, Silver Respects Supportive Trend

Gold is gently moving higher and setting up a fresh attempt at the short-term resistance. Silver is also moving higher, helped by a short-term trend.

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USD/JPY Price Forecast: Investors Flock to Yen’s Safe-haven Appeal

Waning stimulus hopes and upcoming US elections have supported the Yen but how long can this last post-election?

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Euro Forecast: EUR/USD, EUR/JPY Key Levels, Risk of Setback

Euro trading at rich levels as concerns rise, leaving the currency vulnerable to setbacks.

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British Pound (GBP) Latest: GBP/USD to Consolidate as Brexit Talks Resume

GBP/USD will likely pause for breath after its strong rise Wednesday as EU-UK talks on their post-Brexit relationship begin again in London and extra help for UK businesses is announced.

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Gold Price Rise May Struggle to Continue as the US Dollar Rebounds

Gold prices rose as the US Dollar fell on bets that the Fed will be forced to boost stimulus absent coherent support from the fiscal side. Follow-through may be elusive however.

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Wednesday, 21 October 2020

DAX 30 Index May Extend Fall as Bunds Consolidate Above Key Support

The benchmark DAX 30 index is at risk of extending its 8-day slide lower as German 10-year Bunds eye a push to multi-month highs.

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S&P 500 Futures Lower on Election Security Issues, APAC Stocks May Fall

S&P 500 index futures tumbled after major election security issues linked to Iran and Russia were reported. The Hang Seng Index looks set to open lower alongside the ASX 200 and Nikkei 225.

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EUR/USD May Challenge 2-Year Resistance. Fiscal Talks Making Headway

EUR/USD may challenge a key resistance zone as fiscal talks show signs of progress ahead of the final presidential debate.

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Nasdaq 100 Outlook: Tesla Beats Earnings Expectations, Shares Pop

Tesla reported its third quarter earnings after the close Wednesday, beating out expectations and enjoy a quick surge in after-hours trading. What does this mean for the broader Nasdaq 100?

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IBEX 35 Forecast: Index on its Backfoot as Virus Cases Accelerate

Spain's IBEX 35 Index continues to underperform against its regional peers amid rising Covid infections and renewed lockdown procedures.

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Canadian Dollar Forecast: USD/CAD Stalls, GBP/CAD & NZD/CAD Soar

USD/CAD price action plummeted over recent trading sessions as the Canadian Dollar strengthens vs the Greenback, but the Loonie now faces immense selling pressure against its GBP and NZD peers.

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Dow Jones Price Forecast: Earnings and Stimulus to Dictate Direction

The Dow Jones has seen its ascent slow in recent days as earnings season and stimulus talks inject uncertainty into the market. Can traders brush aside their concerns and drive the Dow higher?

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Dollar vs Mexican Peso Outlook: USD/MXN Buckles Below Key Support

Dollar is threatening a third consecutive weekly decline vs Mexican Peso as USD/MXN approaches the September lows. Here are the levels that matter on technical charts.

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Gold Price Forecast: XAU Bulls Tempt Breakout - but Can They Drive?

Gold prices are threatening a bullish breakout as they trade above the historically important 1920 level. But can Gold bulls retain control?

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Brexit Latest: GBP/USD Extends Gains, Brexit Talks to Resume

Brexit talks are reportedly set to resume, prompting a fresh bid in the Pound. Confirmation expected within 24hours

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Chinese Yuan (CNH) Driving Currency Markets, However, Trump Risk Remains

Chinese Yuan key driver across G10 FX. However, while Beijing appear calm over Yuan, Trump risk remains.

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USD/ZAR (Rand) Price Forecast: Pre-election Stimulus Package Revisited

Could the US stimulus package provide the catalyst to further ZAR strength and break out of the recent consolidatory cycle?

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USDJPY Price Hits a One-Month Low as the US Dollar Continues to Crumble

The US dollar has broken a noted support level and is trading at a six-week low, pulling USDJPY back below 105.00.

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British Pound (GBP) Latest: GBP/USD Shrugs Off Dire UK Borrowing Data

GBP/USD is holding its ground despite news of a surge in UK public sector borrowing, debt at its highest since 1960 and a rise in UK inflation. The FTSE, though, is weakening.

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Canadian Dollar Outlook: Retail Sales Data May Fuel USD/CAD Downtrend

Retail sales and inflation data is likely to dictate the outlook for the Canadian Dollar after the Bank of Canada confirmed negative rates remain part of the toolkit.

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Tuesday, 20 October 2020

Crude Oil Prices Edge Higher on Weaker US Dollar, EIA Report in Focus

WTI crude oil prices attempted to break a key resistance level at US$ 41.50, buoyed by a weaker US Dollar and US stimulus hopes. Wednesday’s release of EIA crude inventory data is in focus next.

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Gold Price Tracks Monthly Range as Fed Outlines Outcome Based Guidance

The price of gold continues to track the opening range for October as Fed Vice Chair Richard Clarida outlines an outcome-based approach for monetary policy.

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Nasdaq 100 Climbs on Stimulus Hopes, Netflix Misses, Nikkei 225 May Rise

Wall Street futures edged up on Wednesday with cautious optimism on the US relief package. Corporate earnings remained strong despite Netflix’s big earnings miss. Asia-Pacific equities may trade hi...

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British Pound Under Pressure as Brexit Talks Beleaguer UK & EU Officials

The British Pound may fall if EU and UK negotiators fail to reach a consensus as the December 31 deadline nears. The third presidential debate is on deck, how might markets react?

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NZD/USD Tracks Monthly Range Ahead of New Zealand Inflation Report

The update to New Zealand’s Consumer Price Index (CPI) may prop up NZD/USD as the headline reading for inflation is expected to recover in the third quarter.

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S&P 500 Uninspired by Fiscal Talks Ahead of Final Presidential Debate

The S&P 500 may cautiously rise if investors believe a breakthrough in fiscal talks could be made before the November 3 election. Markets now brace for the final presidential debate.

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How Will the Election Affect the Stock Market? Dow Jones Forecast

USD/JPY Price Outlook: Dollar-Yen Undermined by Stimulus Hopes

USD/JPY price action has oscillated lower following another rejection of its 50-day simple moving average in the wake of renewed optimism for a fiscal stimulus deal before the November 2020 election.

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Trump Vs. Biden on Economies and Markets

Depending upon the outcome of the November presidential election, the US economy could take very different tracks.

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Silver Price Forecast: XAG/USD Stalls in Anticipation of Stimulus Outcome

Renewed hopes of additional US stimulus measures increase the demand for Silver

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How Will Markets React to the 2020 Election?

IG Client Sentiment Data Sending Bearish Signals for USD/JPY, AUD/USD, GBP/USD | Webinar

Many asset markets are trading within narrow ranges amid concerns about US stimulus, the US election and coronavirus but positioning data still suggest moves on the way for several FX pairs.

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EUR/USD Eyes One-Month High, SURE Bonds Garner Huge Demand

EUR/USD is back above 1.1800 and eyeing a run at the one-month high as the US dollar basket (DXY) slips back towards important support around 93.00.

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Australian Dollar Forecast: AUD/USD, AUD/CAD Breaking Down

Dovish RBA reiterates more monetary stimulus is on the way. Australian Dollar pressured.

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British Pound (GBP) Latest: GBP/USD Range Trading to Persist Amid Brexit Impasse

GBP/USD continues to trade narrowly between the October 12 high at 1.3082 and the 1.2861 lows touched on October 14 and 16. Sideways trading will likely persist while EU-UK Brexit talks remain on h...

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Gold Prices May Fall Further as US Fiscal Stimulus Hopes Fizzle

Gold prices fell with stocks as hopes for a near-term US fiscal stimulus boost faded, lifting the haven Dollar. More of the same may be ahead as a key deadline looms.

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US Dollar Index Trades in Price Channel Ahead of US Stimulus Deadline

The US Dollar index continues to trade within the confines of a Descending Channel ahead of the deadline on US Congressional stimulus negotiations.

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Monday, 19 October 2020

EUR/USD Rate Outlook Hinges on US Fiscal Stimulus, ECB Rate Decision

EUR/USD may stage a larger recovery over the coming days as the ECB appears to be on track to retain the current policy at the next interest rate decision on October 29.

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British Pound Under Pressure as Brexit Talks Beleaguer UK & EU Officials

New Zealand Dollar Outlook: NZD/USD, NZD/JPY Hinge on Inflation Data

Upcoming Q3 inflation data will likely determine the near-term outlook for the New Zealand Dollar as the RBNZ continues to flag the implementation of negative rates.

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Dow Jones Sinks, Hang Seng May Follow. ASX 200 Could Rise on Dovish RBA

The Dow Jones plunged alongside pre-election fiscal stimulus hopes, will the Hang Seng Index follow Wall Street lower? The ASX 200 may rejoice on more dovish rhetoric from the RBA.

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USD/CAD Rebound Sputters Ahead of Looming Vote on US Fiscal Stimulus

Fresh developments coming out of the US may influence USD/CAD as Congress prepares to vote on another round of fiscal stimulus.

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AUD/USD Downtrend to Accelerate? Election Betting Odds Defying Polls

AUD/USD may face heightened liquidation pressure as support and descending resistance converge. Polling data shows Biden in the lead, but betting odds are telling a different story.

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How Will the Election Affect the Stock Market? Dow Jones Forecast

USD Price Outlook: US Dollar Mired by Fiscal Stimulus Deadline

US Dollar outlook continues to hinge predominantly on whether or not House Democrats and Senate Republicans can set aside their differences to agree on a stimulus package before the election.

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Euro Dollar Forecast: EUR/USD Tests Trendline Resistance

EUR/USD tests trendline resistance as USD weakens amid renewed optimism for US stimulus.

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Canadian Dollar Price Forecast: USD/CAD Support, AUD/CAD Breakdown

USD/CAD is re-testing a key area on the chart, but the breakdown in AUD/CAD has been fairly clear following last week's descending triangle.

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Trump Vs. Biden on Economies and Markets

Depending upon the outcome of the November presidential election, the US economy could take very different tracks.

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Markets Week Ahead: US Dollar, Euro, S&P 500, Oil, China GDP, Global PMIs, Brexit

Financial markets remain volatile in the midst of Brexit negotiations, mounting coronavirus concerns, and US stimulus talks with the November election right around the corner. What's in store for t...

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Rand (ZAR) Update: Funding the Recovery Plan, Budget Speech in Focus

The South African Rand (ZAR) weakened to R16.70 to the dollar in the lead up to the economic recovery plan on Thursday. ZAR back near the psychological 16.50 mark

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Silver Price (XAGUSD) Rallying Through Short-Term Trend Resistance

Silver is following short-term support higher and is now pushing through trend resistance as the two lines intersect.

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British Pound (GBP) Latest - Post-Brexit Trade and Covid-19 Vaccine Talks Supporting Sterling

The EU and UK will continue post-Brexit trade talks today in an effort to break the current impasse, helping to underpin the British Pound at the start of the week.

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S&P 500 Index to Track Progress on US Stimulus Ahead of Deadline

The benchmark S&P 500 index’s near-term outlook continues to hinge on US fiscal aid talks as House Speaker Pelosi announces a 48-hour deadline to reach an agreement.

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Sunday, 18 October 2020

Crude Oil Prices Challenge Chart Resistance After Chinese Economic Data

Crude oil prices are testing key chart resistance after the release of Chinese economic data, which pointed to a gradual recovery in world’s second-largest economy.

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Gold Forecast: Failure to Test Monthly Low Warns of Range Bound Prices

The price of gold may continue to consolidate after failing to test the monthly low ($1873) as it retains the opening range for October.

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Will Trade Wars Persist After the US Election?

What will the global economy and international trade regime look like under a Trump or Biden administration and how will that impact foreign exchange markets?

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LIVE: Australian Dollar in Focus on China GDP Data

How will Chinese GDP data impact the Australian Dollar as well as the broader financial markets? Follow the release live here!

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Dow Jones, Hang Seng Weekly Forecast: Eyeing Chinese Data, US Earnings

Wall Street futures edged up on Monday with hopes that Chinese data will lift optimism about economic recovery. US corporate earnings continued to deliver more positive surprises.

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AUD/USD Eyes September Low on More Detailed RBA Forward Guidance

AUD/USD appears to be on track to test the September low (0.7006) as RBA Governor Lowe pledges to not increase the official cash rate (OCR) “for at least three years.”

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Markets Week Ahead: US Dollar, Euro, S&P 500, Oil, China GDP, Global PMIs, Brexit

S&P 500 May Eye Higher Levels on Upbeat Earnings, Stimulus Hopes

The S&P 500 index may shrug off a technical correction and aim for higher levels, buoyed by strong corporate earnings and stimulus hopes. Election and growth risks to be watched.

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Mexican Peso Fundamental Forecast: Dependent on Presidential Election Outcome

USD/MXNtries to consolidate a bearish breakthrough as uncertainty grows around the US presidential election

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Saturday, 17 October 2020

Euro Forecast: EUR/USD Outlook Bearish as Second Wave of Covid-19 Hits Europe

For a while now, the economic damage caused by the coronavirus pandemic has been expected to be less in Europe than in the US. Now, though, that may have to be re-assessed.

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Gold to Retain Inverse Relationship to USD on Dovish Fed Guidance

The price of gold may continue to exhibit an inverse relationship with the US Dollar as the Federal Reserve retains a dovish forward guidance for monetary policy.

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US Dollar (DXY) Forecast - Picking Up a Bid as Stimulus Deal Hopes Fade

The US dollar continues to nudge higher as markets remain on edge ahead of the US election, while US stimulus talks seem to be going nowhere.

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Crude Oil Prices in Jeopardy Ahead of OPEC JMMC Meeting

Crude oil prices are at risk of breaking lower ahead of the OPEC JMMC meeting on October 19 after the IEA revised down its global demand estimates.

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Friday, 16 October 2020

GBP/USD Weekly Forecast: GBP/USD, EUR/GBP Eyes Brexit Latest

GBP caught in the crossfires of back and forth Brexit headlines. Choppy trading conditions to persist.

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ASX 200 Price Forecast: Aussie Index Tags Resistance, Will it Rally?

The ASX 200 has been rangebound since early June, but has approached the topside of its range and threatens a bullish break out. Can bulls press higher or will resistance prevail yet again?

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US Dollar Perks Up as Retail Sales, Sentiment Data Top Forecast

USD price action is attempting to turn higher with the US Dollar reacting positively to better-than-expected US retail sales and consumer sentiment data just crossing market wires.

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How Will Markets React to the 2020 Election?

South African Rand Dollar Forecast: USD/ZAR Indecisive as Political Pressure Intensifies

USD/ZAR remains rangebound ahead of presidential election and fears of economic recovery

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FTSE 100 - Latest Recovery Heading into a Cluster of Resistance as EU/UK Trade Talks Unfold

The FTSE 100 is trading in positive territory today after pressing down on a multi-month low on Thursday. A collection of resistance levels lie ahead.

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Brexit Latest: GBP/USD, EUR/GBP Focused on Boris Johnson Decision

Another volatile day looks to be on the cards for the Pound as market participants await PM Johnson’s Brexit response.

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EUR/USD Outlook: Vulnerable to Further Losses on Muted Inflation

EUR/USD at risk of extending its retreat from the monthly high if upcoming inflation data put further pressure on the ECB to adjust its monetary policy settings.

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Thursday, 15 October 2020

Crude Oil, Gold Prices May Fall on US Retail Sales and Sentiment Data

Crude oil prices trimmed losses on rising US stimulus bets. However, WTI and gold prices may fall on disappointing retail sales and consumer sentiment figures as the week concludes.

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Dow Jones Rebounds on Stimulus Hopes, Nikkei 225 May Lead Asia Lower

Wall Street stocks had a ‘V-shaped’ rebound after President Trump called to push through the fiscal stimulus. US jobless claim data disappointed. Japanese stocks may trade lower.

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USD/CAD Extends Rebound Following Bullish Outside Day Price Formation

USD/CAD extends the rebound from the monthly low (1.3099) after carving a bullish outside day (engulfing) candle formation earlier this week.

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AUD/USD Dips on Traders Recalibrating Fiscal Stimulus Risks. Biden Leads in Polls

AUD/USD may continue to decline as traders reassess the risks of a delayed fiscal stimulus package amid a spike in Covid-19 cases. Biden continues to lead in the polls.

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ASX 200 Price Forecast: Aussie Index Tags Resistance, Will it Rally?

Copper Price Forecast: Will Chinese GDP Push Copper to New Highs?

While supply-side disruptions have eased, copper prices continue near multi-year highs and upcoming Chinese GDP data could give copper bulls fuel to push higher

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S&P 500 Bolstered by VIX Compression as Election Fear Fades

S&P 500 price action has gravitated lower over recent trading sessions as stocks slide due to reduced fiscal stimulus optimism, but fading election fears might support the broader equity index.

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Central Bank Watch: BOC, RBA, & RBNZ Rate Expectations; AUD, CAD, NZD Positioning Update

It looks increasingly like that the RBNZ will move to negative interest rates in 2021. Meanwhile, the RBA may be ready to move again this year.

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British Pound Price Forecast: GBP/USD, GBP/JPY, EUR/GBP

GBP/USD may be brewing up a bear flag formation but nonetheless, there may be greener pastures elsewhere for GBP traders.

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How Will Markets React to the 2020 Election?

Euro Dollar Forecast: EUR/USD Confined to Fibonacci Support Amid Economic Woes

EUR/USD tests Fibonacci Support as a Bearish flag formation threatens bulls

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Mexican Peso Outlook - US Dollar Strength Driving USD/MXN Higher

A resurgent US dollar is supporting a move higher in USD/MXN and a fresh two-month peak is not out of the question if bullish USD sentiment remains.

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DAX, S&P 500 Forecast: Resurgence in COVID Cases Fuels Sell Off

A sea of red across equity markets as resurgence in COVID cases prompt renewed lockdown measures.

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British Pound (GBP) Latest: EU Leaders' Meeting to Determine Next Move in GBP/USD, FTSE

EU leaders start a two-day European Council meeting today, with the EU-UK relationship post-Brexit on the agenda. The outcome will likely determine the next big moves in GBP/USD and the FTSE 100.

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US Dollar Outlook: DXY Struggles as Fed Calls for Fiscal Stimulus

The US Dollar Index (DXY) could rebound on disappointing US jobless claims data as the Federal Reserve pleads for additional fiscal support.

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Gold Prices May Rise as Trump, Biden Talk Up Stimulus

Gold prices may rise while the US Dollar falls as US President Donald Trump and former Vice President Joe Biden talk up their fiscal stimulus plans.

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Wednesday, 14 October 2020

EUR/USD Rebound Takes Shape Amid Failure to Test Monthly Low

EUR/USD may continue to retrace the decline from the yearly high (1.2011) as the exchange rate appears to be reversing course ahead of the monthly low (1.1696).

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Bitcoin Outlook Buoyed by Inflation Expectations, Biden Lead

Bitcoin prices may continue to track higher on the back of Democratic presidential nominee Joe Biden’s lead in the polls and rising inflation expectations.

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S&P 500 Falls With Stimulus Hopes, ASX 200 Gains as RBA Touts Easing

Wall Street stocks fell a second day on stalling fiscal stimulus efforts, which overshadowed strong corporate earnings. Australia’s ASX 200 index surged after the RBA hinted at more easings.

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British Pound (GBP) Latest: GBP/USD Easing Further After Tuesday's Losses

GBP/USD is extending its Tuesday losses caused largely by stalled vaccine trials and a lack of agreement on a US stimulus package that have both helped lift the safe-haven US Dollar.

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EU Stoxx 50 Index at Risk as Europe Tightens Covid-19 Restrictions

Europe’s benchmark EU Stoxx 50 index is at risk of reversing lower as a record increase in coronavirus infections threatens to upend the Euro-zone’s economic recovery.

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Crude Oil Struggles to Hold Gains as Fiscal Talks Stall, Dollar Strengthens

WTI crude oil prices erased earlier gains on Wednesday and consolidated at around US$ 40.00 amid souring market sentiment. A stalling fiscal stimulus effort and rising US Dollar weighed.

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Gold Price Consolidation Brings Monthly Low on the Radar

Failure to test the monthly low ($1873) may set the stage for a larger recovery as the price for gold clears the opening range for October.

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Tuesday, 13 October 2020

Dow Jones Falls, SGD Gained on MAS Policy, Hang Seng Eyes Xi's Speech

The Dow Jones retreated from a six-week high despite big US banks posting solid earnings. Singapore’s GDP missed estimates; monetary policy stayed on par. Xi’s Shenzhen speech is in focus today.

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Will Trade Wars Persist After the US Election?

USD/CAD Bullish Outside Day Price Formation Indicates Larger Rebound

USD/CAD may trade within a more defined range as the bullish outside day (engulfing) candle formation points to a larger rebound in the exchange rate.

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GBP/USD, EUR/USD, DXY: Charts & Technical Analysis

Cable chart is titled bullishly, Euro tentatively so, while the DXY works its way back towards a major long-term test.

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EUR/USD Remains Under Pressure as ZEW Data Fuels Uncertainty

EUR/USD continues to struggle to break higher and the latest weak ZEW report will weigh further on the pair.

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Japanese Yen Forecast: CAD/JPY, GBP/JPY Levels to Watch

Dips in CAD/JPY remain supported, while GBP/JPY is on Brexit headline watch.

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British Pound (GBP) Latest: Trending Higher Despite UK Unemployment Rise

The trend higher in GBP/USD that began last week is looking increasingly significant, suggesting more gains to come despite poor UK unemployment data.

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S&P 500 Index Approaches Resistance Ahead of 3Q US Earnings Season

The S&P 500 index’s three-week rebound may be running out of steam as a delay in a promising Covid-19 vaccine trial gnaws at investors’ sentiment.

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Gold Price Recoil From Chart Resistance as the US Dollar Strengthens

Gold prices retreated from chart resistance level at the 50-Day Simple Moving Average (SMA) as haven demand fueled a rally in the US Dollar, weighing on precious metal prices.

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Monday, 12 October 2020

EUR/USD Clears Monthly Opening Range as ECB Shuns Euro Intervention

EUR/USD may continue to retrace the decline the yearly high (1.2011) as the exchange rate clears the monthly opening range.

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AUD Shows Muted Reaction to China Trade Data with US Election in Focus

The Australian Dollar dismissed disappointing trade balance data out of China as investors remain fixated on US Presidential Election developments.

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Nasdaq Leads Wall Street Gains, China A50 Surges as Xi Visits Greater Bay

Asia-Pacific equities opened broadly higher following strong US leads; big bank earnings are in focus. The China A50 may extend gains as Xi Jinping visits the Greater Bay Area.

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AUD/USD Unfazed by Ban on Australian Coal as Risk Appetite Improves

The improvement in risk appetite may keep AUD/USD afloat as the US Dollar reflects an inverse relationship with investor confidence.

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Japanese Yen, British Pound Rally. USD/JPY Ready to Extend Losses?

The Japanese Yen and British Pound rallied on Monday. This is as tech giants, like Apple and Amazon, saw their shares soar. Could USD/JPY be readying to extend losses?

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Dow Jones Price Outlook: Earnings Season Arrives with Big Banks

The Dow Jones jumped to start the week, ahead of earnings from some of the country’s largest financial institutions. Can earnings impress despite covid and what might it mean for the Dow Jones?

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Crude Oil Outlook Mired by Stimulus Deal as Libya Lifts Supply

Crude oil price action remains volatile amid big shifts in market sentiment due to fiscal stimulus whiplash and headlines highlighting material changes to global oil production.

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Rate Cut Odds Drop for ECB, RBNZ, and RBA as Global Growth Concerns Cool - Central Bank Watch

The big three central banks are in a holding pattern at present time.

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Silver Price Forecast: XAG/USD Bulls Face Stern Resistance

Silver has advanced over the last two weeks but may counter some major resistance to continued bullish momentum.�

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Gold Price Forecast: XAU/USD Attempts to Set Support at Big Level

Gold prices are pushing towards a fresh three-week-high, but it's the levels that Gold is trading above that makes this move so interesting.

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How Will the Election Affect the Stock Market? Dow Jones Forecast

Markets Week Ahead: Nasdaq 100, US Dollar, Gold, Stimulus, GPB, Brexit, Earnings

The Nasdaq 100 and gold prices soared as the US Dollar tanked amid rising US fiscal stimulus hopes. Could this continue driving risk appetite next? The British Pound faces the final push for Brexit...

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South African Rand Price Forecast: US Stimulus Hopes Sustaining ZAR

Will optimism around additional US stimulus continue to bolster the Rand?

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British Pound (GBP) Latest - Lockdowns, Brexit and Negative Interest Rates

A busy start to the week with new localized lockdowns mooted, a potentially pivotal Brexit week and BoE negative rate readiness talks

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Euro Rebound Susceptible to Weak Fundamentals, Dovish ECB

The Euro’s rebound higher against its haven-associated counterparts may be at risk if weakening fundamentals force the ECB to ease its monetary policy settings further.

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Sunday, 11 October 2020

US Dollar Outlook: Election Polling, Economic Data, Q3 Earnings Season

The US Dollar could weaken as the markets bet on more fiscal stimulus. However, lackluster economic data could offset those losses as earnings season gets underway.

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Saturday, 10 October 2020

Crude Oil Torn Between Earnings, Fiscal Stimulus Updates & Brexit Woes

Crude oil prices may seesaw between fiscal talks and corporate earnings with Brexit woes and the policy implications for a growing number of Covid-19 cases.

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Euro Forecast: EUR/USD Outlook Murky Ahead of Crucial EU Summit

EUR/USD and EUR/GBP can be expected to tread water ahead of the European Council meting that starts Thursday and will discuss both the Covid-19 pandemic and EU-UK relations post Brexit.

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Sterling (GBP) Weekly Outlook: EU/UK Trade Talks - It's Time to Decide

The UK voted to leave the European Union over four years ago and we are now heading into the week when both sides, potentially, will finally say ‘deal or no-deal’.

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S&P 500 and FTSE 100 Forecasts for the Week Ahead

Path of least resistance is higher for S&P 500 in the absence of notable catalysts. FTSE 100 eyes de-facto Brexit deadline

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Friday, 9 October 2020

Gold Price Outlook Dictated By Presidential Polls, Fiscal Aid Hopes

Gold’s resilience in the wake of fading fiscal aid hopes suggests that the price of Bullion may hinge on polling data ahead of US Presidential Elections in November.

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USD/CAD Price Forecast: Dollar-Cad Crushed, Finds Fibonacci Support

It's been a rough week for USD/CAD bulls, and the pair has re-engaged with another key zone of support. But can it hold sellers at bay?

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Crude Oil Trims Recent Gains as Market Flashes Overbought Warning

Brent crude has rallied nearly 10% this week (low to high) on a potent double of supply concerns and growing demand expectations.

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SA Rand Price Forecast: Bear Flag Hints at Continued ZAR Strength

The South African Rand has continued its recent gains vs a weaker dollar after breaking 16.5000. Bearish flag on the 4-hour chart supports a bearish outlook if validated

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EUR/GBP Testing Resistance Ahead of Pivotal EU Council Meeting

Next week’s European Council meeting (Oct 15-16) may well prove to be a turning point for EU/UK trade talks, but which path will it take?

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US Dollar Forecast: USD/CAD, GBP/USD, EUR/USD Levels to Watch

No news is good news for the equity space, while major FX pairs trade in ranges.

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Canadian Dollar to Outperform as BoC Dismisses Negative Rates

The Canadian Dollar looks poised to outperform the haven-associated Japanese Yen and US Dollar as the Bank of Canada talks down negative rates.

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GBP/USD Muted Following UK GDP, Brexit Latest Remains Dominant Driver

UK GDP misses estimates, GBP reaction muted amid key focus on Brexit latest

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Thursday, 8 October 2020

Crude Oil Prices May Be Capped By US Stimulus Uncertainty

Crude oil prices have enjoyed support amid renewed hopes for another round of US fiscal stimulus but follow-through is suspect as traders grapple with frequent policy reversals.

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Gold Price Bounces Back as Fed Prepares Outcome-Based Forward Guidance

The price of gold pares the decline from earlier this week on the back of US Dollar weakness as the Fed plans to provide a “more explicit outcome-based forward guidance.”

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S&P 500 Climbs to One-Month High, Nikkei 225 Breaks Key Resistance

US stock indices climbed to their one-month highs alongside a falling US Dollar after the vice presidential debate. Asia-Pacific equities may trade mixed as mainland Chinese markets resume trading.

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Indian Rupee, Nifty 50 Await RBI as USD/INR Downtrend Steadies

After being postponed, the Indian Rupee and Nifty 50 are awaiting the Reserve Bank of India later today. This is as USD/INR seems to be transitioning into a consolidative state.

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Nasdaq 100 at Key Resistance as Biden and Harris Surge in the Polls

The tech-leaning Nasdaq index closed just below key technical resistance as Biden and Harris surged in the polls following the vice-presidential debate.

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Dow Jones & Nasdaq 100 Wrestle With Resistance, Are They At Risk?

The Dow Jones and Nasdaq 100 have fully recovered from Tuesday’s reversal and are probing topside resistance as a result. If resistance holds, will they reverse lower yet again?

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US Dollar Digestion: EUR/USD, GBP/USD Price Action Setups

The US Dollar has been digesting this week, and there may be a directional change on the horizon in EUR/USD and GBP/USD.

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Negative Interest Rates - Can They Stimulate The Economy?

Negative interest rate talk is now commonplace among central bankers across the globe. What are they and do they work?

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Euro Dollar Forecast: EUR/USD Rangebound Ahead of ECB Policy Meeting Accounts

EUR/USD clings to Fibonacci retracement level as price action awaits ECB minutes

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Gold (XAU/USD) Price Rattled by Rising US Treasury Yields

Rising US Treasury yields continue to cap bullish gold momentum with a series of short-term lower highs dominating the daily chart.

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New Zealand Dollar Forecast: NZD/USD, AUD/NZD Levels in Focus

RBNZ reiterates negative rate view. NZD/USD, AUD/NZD levels to watch.

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British Pound (GBP) Latest: GBP/USD Stable, Bailey Optimistic on Brexit Deal

GBP/USD will likely continue to trade sideways ahead of next Thursday’s crucial EU summit, which will discuss the post-Brexit relationship between the EU and the UK.

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Wednesday, 7 October 2020

Gold Price Trend Favors Downside, Crude Oil Eyeing OPEC Report Next

Gold prices gained as the US Dollar fell on rising stimulus hopes, but the XAU/USD technical outlook favors the downside. Crude oil prices are eyeing the OPEC World Outlook report.

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EUR/USD Outlook Unfazed by FOMC Minutes as Risk Appetite Improves

EUR/USD appears to be unfazed by the Federal Open Market Committee (FOMC) Minutes even though the central bank warns of a protracted recovery.

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NZD/USD Rate Weakness to Persist as RSI Retains Downward Trend

NZD/USD struggles to retain the advance from the September low (0.6512), and the bearish price action may persist as the RSI retains a downward trend.

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Nasdaq Whipsawed by Fiscal Stimulus Talks, Vice Presidential Debate Ahead

The Nasdaq continues to seesaw with other equity indices over ambiguity of fiscal stimulus developments ahead of the first and only vice presidential debate.

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Gold Price Forecast: Precious Metal Backs off Resistance, Pauses Break Out

After testing resistance earlier this week, gold has since fallen back into the depths of a descending wedge that might keep gold prices contained for the time being. Still, the longer-term outlook...

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US Dollar Defends Session Lows Following September FOMC Minutes

The US Dollar searches for a relief bounce off session lows following ominous remarks found in the September FOMC minutes just released. Where is USD price action and the DXY Index headed next?

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Crude Oil Technical Outlook: Oil Price Struggling Below 50-DMA

Oil price action remains turbulent as the commodity swings wildly within a 10% trading range in a matter of days, but downward pressure might prevail as crude fails to eclipse its 50-day moving ave...

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USD/JPY Analysis: USDJPY Surges, Postponement of US Stimulus Talks

President Donald Trump advised his team to walk away from stimulus negotiations until after the election. USD/JPY has seen a sharp rise but faces stern near term resistance

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FTSE 100 Brewing Up for a Breakout as Technical Indicators Come Together

The FTSE 100 remains rangebound as COVID-19 and Brexit themes play out, but a breakout may be on the cards as a clutch of moving averages converge.

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US Rates Bear Steepening as Markets Price in US Election Biden Sweep

Sizeable bear steepening in recent sessions indicates that markets are pricing in a blue wave.

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US Dollar Ranging Amid Narrative Vacuum, AUD/USD Reacts to RBA

Amid the current narrative vacuum, FX markets are struggling for direction with major pairs trading in relatively tight ranges.

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British Pound (GBP) Latest: GBP/USD Stable as Brexit Deadline Nears

GBP/USD continues to trade sideways, and may well continue to do so ahead of the key European Council meeting next week, when Brexit will be top of the agenda.

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US Dollar Price Outlook Buoyed by Haven Flows Ahead of FOMC Minutes

The US Dollar Index (DXY) may extend its rebound from the yearly low ahead of the FOMC meeting minutes as haven inflows intensify in the absence of additional fiscal aid.

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Tuesday, 6 October 2020

Crude Oil Price Forecast: Upside Capped by Stronger USD, Demand Concerns

WTI crude oil prices swung lower following President Trump’s abrupt call to halt fiscal stimulus talks, dampening the energy demand outlook. WTI faces strong resistance at its 100-Day SMA.

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AUD/USD Rate Swayed by Swings in Risk Appetite with RBA on Hold

AUD/USD broadly tracks the recent weakness in risk appetite as the Reserve Bank of Australia (RBA) interest rate decision sparks a limited reaction.

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Silver and Copper at Risk as Trump Pulls the Plug on Fiscal Aid Talks

President Donald Trump’s abrupt decision to pull the plug on Congressional stimulus negotiations may weigh on silver and copper prices in the near-term.

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Nasdaq 100 Weighed by Halted Stimulus Talks, ASX 200 Tests 50-Day SMA

US stocks plummeted in the last tradinghour as President Trump abruptly halted stimulus talks. The US Dollar resurged on haven demand, sending shockwaves to Asia-Pacific markets.

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How to Trade the Impact of Politics on Global Financial Markets

Gold Price Rebound Unravels as Trump Seeks Post-Election Stimulus Bill

Swings in risk appetite may continue to influence the price of gold as US President Trump tweets that “immediately after I win, we will pass a major Stimulus Bill.”

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USD May Rise After Trump Called for Post-Election Delay in Stimulus Talks

The US Dollar may rise at the expense of stocks and growth-anchored assets after President Donald Trump announced a delay in bipartisan stimulus talks until after the election.

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Crude Oil Price at Risk After Trump Squashes Stimulus Hopes

Crude oil prices are at risk after President Trump announced a second round of coronavirus stimulus would not be released until after the November election.

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S&P 500, Nasdaq Plunge as Trump Collapses Stimulus Talks

The stock market is in free-fall mode following reports just crossing the wires that US President Trump has unexpectedly stopped fiscal stimulus negotiations until after the election next month.

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How Will the Election Affect the Stock Market? Dow Jones Forecast

UK Regulator Bans Cryptocurrency Derivatives for Retail Traders, Bitcoin Shrugs off the News

The Financial Conduct Authority banned today the sale of cryptocurrency derivatives for retail clients as regulators across the globe focus on unregulated exchanges and the financial instruments of...

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South African Rand Price Forecast: Uncertainty Looms Over USD/ZAR

With US elections on the horizon, will Rand strength remain against the US Dollar?

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Japanese Yen Forecast: Momentum Pushing JPY-crosses Higher - Levels for EUR/JPY, GBP/JPY, USD/JPY

As the DXY Index has clawed back gains in recent weeks, EUR/USD rates have slid back. Their fates remain intertwined.

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EUR/USD, EUR/JPY, DXY & More: Charts & Technical Analysis

The Euro looks headed higher versus the Dollar and Yen; line and levels to know.

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Market Sentiment Data Bullish for USD/JPY, AUD/JPY, EUR/JPY | Webinar

IG client sentiment data are warning of possible weakness in the Japanese Yen against many other currencies including the US Dollar, Australian Dollar, Euro and British Pound.

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ECB May Look at Additional Stimulus, Rate Cuts if Europe's Recovery Remains Unstable

European Central Bank (ECB) President Christine Lagarde warned today that the Eurozone economy may need additional stimulus measures including cutting rates further negative.

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US Dollar Ranging Amid Narrative Vacuum, AUD/USD Reacts to RBA

Amid the current narrative vacuum, FX markets are struggling for direction with major pairs trading in relatively tight ranges.

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British Pound (GBP) Latest: GBP/USD Still Trending Higher, Brexit Talks in Focus

GBP/USD is continuing the advance that began two weeks ago but is facing strong resistance. Brexit talks are ongoing, with the potential to shift Sterling in either direction in coming days.

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S&P 500 Index Outlook Dictated by Congressional Stimulus Negotiations

The S&P 500 index may struggle to extends its climb from the September low if Congress is unable to deliver a much-needed fiscal aid package ahead of the US elections.

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Monday, 5 October 2020

Gold Price Eyes $1,910 Resistance as Election Uncertainty Drags on USD

Gold prices oscillated at a key resistance level of US$ 1,910 after President Trump was discharged from hospital. A falling USD and election uncertainty may support precious metal prices.

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EUR/USD Recovery to Gather Pace as RSI Breaks Out of Downward Trend

The Relative Strength Index (RSI) indicates a further appreciation in EUR/USD as the indicator breaks out of the downward trend carried over from late July.

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Australian Dollar Rises as RBA Holds Steady Ahead of Federal Budget

The Australian Dollar spiked higher against its major counterparts ahead of the Federal Budget as the RBA retained its wait-and-see stance to monetary policy.

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Crude Oil Outlook: OPEC World Outlook Report in Focus After Price Spike

Crude oil prices, after surging the most since May, are eyeing OPEC’s annual World Oil Outlook report as US fiscal stimulus bets improved market sentiment.

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Dow Jones Climbs on Biden-Win Odds, Hang Seng Index Extends Gains

US stocks climbed to a two-week high alongside a falling US Dollar as markets seemingly priced in a Biden-win outcome. Asia-Pacific equities may follow US indices higher.

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British Pound at Risk on EU-UK Brexit Fissure, Trump Fights Covid

The British Pound may come under intense selling pressure as the EU and UK remain divided over Brexit while President Donald Trump fights off the coronavirus.

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USD/CAD Rate Vulnerable Following Failed Attempt to Test August High

Recent developments in the Relative Strength Index (RSI) cast a bearish outlook for USD/CAD as the indicator snaps the upward trend established in September.

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How to Trade the Impact of Politics on Global Financial Markets

EUR/USD Surged With Stocks on Election Polls, Fiscal Stimulus Hopes

EUR/USD spiked with equity markets as 2020 election polls show a growing spread between Biden and Trump along with hopes of future fiscal stimulus.

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Australian Dollar Outlook: Aussie Hinges on RBA Rate Decision Due

The Australian Dollar will likely be under the spotlight early Tuesday with AUD price action hinging largely on the scheduled Reserve Bank of Australia interest rate decision due at 03:30 GMT.

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US Dollar (USD) Presidential Election Performance May Prove Anything but Typical

We are heading into one of the most contentious US President elections in recent memory with a pandemic critically amplifying an already controversial polling. What has the US Dollar done in previo...

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USD Price Outlook: US Dollar Eyes Fed Speak, Stimulus, & Trump

The US Dollar extends its slide with an improvement in market sentiment over the weekend weighing negatively on the safe-haven currency, but USD price action looks ripe for more volatility ahead.

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Markets Week Ahead: Dow Jones, Gold, Oil, USD, Trump’s Infection, Stimulus?

The Dow Jones remained composed despite President Donald Trump's Covid infection, pressuring the US Dollar. Now crude oil and gold prices are eyeing a $2.2 trillion fiscal package, will it pass? Br...

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US Dollar Correction, GBP/USD Flips to Short, AUD/USD Longs Halved - COT Report

US Dollar short squeeze, GBP flips to net short, while AUD/USD longs are halved.

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British Pound (GBP) Outlook - Brexit Newsflow Continues to Dominate Sterling

The EU and UK agreed to intensify trade discussions this weekend with both sides needing to move towards the middle ground to get even a basic deal agreed.

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Crude Oil Prices Eye ISM Data, US Fiscal Stimulus and Trump Health

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EUR/USD Rates Susceptible to Second Wave of Covid-19, Subdued Inflation

EUR/USD rates are at risk of extending their slide lower if a second wave of Covid-19 infections and subdued inflation forces the hand of the ECB.

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Sunday, 4 October 2020

Gold Price Outlook Mired by Downward Trend in RSI

The price of gold may struggle to retain the rebound from the September low ($1849) as the RSI continues to track the downward trend from August.

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British Pound at Risk on EU-UK Brexit Fissure, Trump Fights Covid

ASX 200 Index Outlook Dictated by RBA Rate Decision, Federal Budget

Australia’s benchmark ASX 200 index’s rebound from key support could prove limited ahead of the RBA interest rate decision and Australian Federal Budget.

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NZD/USD Analysis: RSI to Show Bearish Momentum Abating

NZD/USD appears to have reversed coursed ahead of the August low (0.6489), and the RSI may show the bearish momentum abating if it breaks out of the downward trend.

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US Dollar Fell as SGD Rose, PHP Struggled. Trump’s Health, Stimulus Eyed

The US Dollar gave up gains as the Singapore Dollar rose, but the Philippine Peso struggled. ASEAN currencies eye Donald Trump’s health, US fiscal stimulus hopes and Brexit talks.

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AUD/USD May Retreat if Trump Covid-19 Infection Roils Markets

The cycle-sensitive Australian Dollar may fall vs the Greenback if news of Trump’s infection with Covid-19 spoils risk appetite and puts a premium on the haven-linked USD.

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Markets Week Ahead: Dow Jones, Gold, Oil, USD, Trump’s Infection, Stimulus?

Dow Jones, DAX 30, Nikkei 225 Fourth Quarter Forecasts

Despite losses in September, equity markets rounded out the third quarter with gains as they transition into the fourth quarter. With a looming US Presidential election, further turbulence can be e...

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Saturday, 3 October 2020

Japanese Yen Outlook: JPY May Rise as S&P 500 Falls on Stimulus Woes

The anti-risk Japanese Yen may rise if fading US fiscal stimulus hopes and FOMC meeting minutes pressure the S&P 500. What else does it face with the fourth quarter underway?

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Euro Forecast: EUR/USD Outlook Bearish Near Term, Bullish Long Term

EUR/USD is no longer oversold after its bounce last week and an extension of its previous decline now seems likely short term. However, the outlook longer term is more positive.

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Gold May Surrender on Lockdowns, Vice Presidential Debate, Fiscal Stimulus Stalemate

Gold prices may retreat if uncertainty around government lockdown orders, the vice-presidential debate and ongoing fiscal stimulus talks undermine global growth and inflation prospects.

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Dollar Forecast Hinges on Trump and Covid Headlines - For Next Week and Month

The Dollar – like risk assets – ended off this past week with another deep inhalation as market participants held their breath heading into October. With election, coronavirus and economic headline...

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Friday, 2 October 2020

AUD/USD Outlook Hinges on RBA Meeting, Australia Budget Update

Key developments coming out of Australia may influence AUD/USD as the update to the federal budget lines up with the Reserve Bank of Australia (RBA) meeting on October 6.

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British Pound (GBP) Outlook - Sterling Traders Should Prepare For a Volatile Week Ahead

Former British Prime Minister Harold Wilson once said that ‘a week is a long time in politics’ and next week could prove to be a seminal few days for the British Pound.

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US Presidential Election Timeline and Implications for Gold Prices

S&P 500, Nasdaq Outlook: Stocks Stabilize After Trump Covid Sell-Off

Last night brought a quick jolt of volatility to US equity futures. But that sell-off, so far, has been short-lived, even with a poor NFP report.

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US Dollar, Gold, S&P 500 React to September NFP Report Miss

Nonfarm payrolls data for September 2020 just crossed the wires at 661K job gains and missed market forecast of 859K, but the US unemployment rate dropped further to 7.9% from 8.4% previously.

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USD/ZAR: Rand Slips After President Trump Tests Positive for COVID-19

President Trump has thrown curveball at global markets in the midst of an already volatile election race. How will this impact the Rand going forward?

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EUR/USD Price Remains Under Pressure After Lowly Inflation Data; US NFP Next Important Release

The single currency remains on the back foot after slightly worse than expected inflation data highlights the difficult job the ECB has to boost price pressures.

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British Pound Latest (GBP) - Boris Johnson & Von Der Leyen to Meet, Make or Break for Brexit?

GBP/USD rose on reports that UK’s Johnson and Von Der Leyen will meet to break the Brexit deadlock.

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USD Surges, S&P 500 Futures Sink as President Trump Tests Positive For Covid-19

The US Dollar surged while S&P 500 stock index futures collapsed after news that President Trump had tested positive for Covid-19 roiled equity markets.

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Thursday, 1 October 2020

Indian Rupee, Nifty 50 at Risk to a US Stimulus Setback After RBI Delay

The Indian Rupee and Nifty 50 may be at risk to capital flight with global sentiment focusing on US fiscal stimulus bets. This follows a delay to the latest RBI rate decision.

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Nasdaq 100 Futures Erase Gains, DAX 30 Tests Support, Oil Falls

US stocks shrugged off mixed economic data and ended higher. The tech sector outperformed. The DAX 30 index may test the 100-Day SMA. Oil prices plunged 4%.

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Gold Price Forecast: RSI to Indicate Waning Bearish Momentum

The price of gold extends the rebound from the September low ($1849), and the RSI may show the bearish momentum abating if it breaks out of the downward trend from August.

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AUD/USD Staging a Comeback as Joe Biden Surges in the Polls

AUD/USD is trading below a key resistance range after successfully bouncing from support at 0.7018 in tandem with growing support for Democratic nominee Joe Biden.

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S&P 500 Outlook: Stocks Flop, VIX Pops on Failed Stimulus Talks

S&P 500 price action pivoted lower from intraday highs as market optimism for another fiscal stimulus package faded throughout the session following uninspiring remarks from key politicians.

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EU Stoxx 50 Forecast: Bears Ready to Drag Index Lower on Rising Virus Cases?

Recent price action brought the EU Stoxx 50 Index to the bottom half of a range established through the recent summer months, but rising Covid cases across Europe may push the index lower in the sh...

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Gold Price Forecast: XAU/USD Climbs to Resistance, Will it Rally?

After suffering losses throughout September, gold has recovered meaningfully in the last two weeks and nears overhead resistance as a result. Can the precious metal continue higher?

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Japanese Yen Forecast: Turning the Corner in EUR/JPY, GBP/JPY, & USD/JPY Rates?

Amid global equities climbing higher, the Japanese Yen has seen demand fade, particularly after a bout of disappointing Japanese economic data.

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Copper Crushed as Silver Struggles to Set Support

It's been a rude start to Q4 for Copper; but there may be a silver lining in Silver prices.

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US Dollar Bounces Off Support Amid Key Economic Data Releases

US Dollar turns positive in early Thursday trade following the release of several key data releases on the American economy while GBP/USD price action snaps sharply lower as Brexit uncertainty esca...

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Euro Pound Forecast: EUR/GBP Risk of Hard Brexit Returns as Channel Forms

Hopes of a Brexit deal appear distant, pushing price action into a channel formation

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Euro Forecast: Key EUR/USD Levels to Watch

Euro holding on month & quarter end gains, however, downside risks are looming for the single currency

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Gold Price (XAU/USD) Latest - Struggling to Make Further Headway

Gold remains stuck in a short-term sideways pattern and needs a fundamental driver to force a breakout. US dollar price action around Friday’s NFP report may provide that driver.

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British Pound (GBP) Latest: GBP/USD Trend Higher Persists as Risk Appetite Improves

Sterling is extending its recent upward trend as trader appetite for risk continues to improve on robust US data, signs a US fiscal stimulus program could be agreed and Covid-19 vaccine hopes.

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EUR/JPY Rates Rebound at Risk as ECB Flags Tweaks to Inflation Target

The EUR/JPY exchange rate’s rebound from multi-month lows may prove short-lived as the European Central Bank flags the potential adoption of average inflation targeting

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