Tuesday, 28 January 2020

Nasdaq 100 Forecast: Apple Beat to Bolster Tech Sentiment Ahead of Fed

The largest component of the three major US indices, Apple, reported robust earnings after the close and subsequently gapped higher despite lofty expectations. How will the Nasdaq 100 react?

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New Zealand Dollar Forecast: NZD/USD Weakness Weighs Ahead of FOMC

The New Zealand Dollar continued its slide versus the US Dollar while NZD/CAD and AUD/NZD have been engulfed by indecisiveness amid back-and-forth risk trends.

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USD Forecast: US Dollar at Risk as the Fed, GDP Loom – Charts to Watch

The US Dollar has rallied to an eight-week high on the back of solid economic data and return of volatility, but USD price action is at risk ahead of the Fed meeting and GDP data release on tap.

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Pre-FOMC Price Action Setups Around the US Dollar: GBP/USD, USD/CAD

Tomorrow brings the first FOMC rate decision in the New Year. But what appears to matter most is what they say might happen later this year.

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Sterling Price Outlook: British Pound Threatens Support- BoE Levels

Sterling is trading just above key uptrend support ahead of the FOMC / BoE interest rate decisions. Here are the levels that matter on the GBP/USD weekly chart.

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Silver (XAG) Price Forecast: Can Risk Aversion Fuel a Silver Rally?

A spike in risk aversion has helped bolster gold and silver early this week. Can silver continue higher despite looming resistance?

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Canadian Dollar Price Outlook: USD/CAD Breakout at Risk into FOMC

Canadian Dollar is straddling critical resistance and leaves the broader breakout vulnerable heading into FOMC. Here are the levels that matter on the USD/CAD charts.

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Gold Drops on Solid Consumer Confidence Beat

The Conference Board's Consumer Confidence Index beat expectations for January, coming across the wires at 131.6 against expectations of 128.0

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US Dollar Boosted, GBP/USD Breaks Down Support - US Market Open

US Dollar remains supported on dampened risk appetite, GBP/USD slips through 1.30. UK gives Huawei 5G access.

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Gold Bulls at Risk Ahead of FOMC: Gold Price Technical Forecast

Gold prices caught another breakout last week as fear pushed the bid. But can buyers continue to drive with FOMC on deck?

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Market Sentiment Diving on China Virus Worries | Webinar

Trader confidence has been hit hard by concerns that the spread of the coronavirus could have a negative impact on economic growth in China and perhaps globally.

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EUR/USD, GBP/USD, DXY Charts: USD Outlook & More

The Dollar is breaking out, with the Euro leading the way lower right now, Cable sitting on important support; DXY generally pointed towards higher prices.

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Dow Jones & DAX Forecast: Key Levels to Watch Amid Coronavirus Risks

Risk sentiment remains on the backfoot as concerns over the Coronavirus continues to mount with over 4500 confirmed cases. DAX tests trendline support.

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British Pound (GBP) Latest: Trending Lower Amid Global Risk-Off Sentiment

With Brexit just three days away, the British Pound is weakening for the fifth successive session as risk assets fall globally in response to the coronavirus outbreak in China.

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Apple Earnings, CBO Fiscal Forecasts May Boost US Dollar

The US Dollar may rise after Apple – one of few companies with a trillion Dollar market cap – release their Q1 earnings. The Greenback may also rise on a key fiscal report.

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Monday, 27 January 2020

Gold Prices Steady As Virus Spread Saps Global Risk Appetite

Gold prices remain well-supported through a shallow pullback after closing at the highest level in nearly seven years as investors monitor the coronavirus’ international spread.

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EUR/USD Rate Forecast: November Low on Radar Following ECB Meeting

The November low (1.0981) sits on the radar for EUR/USD as the exchange rate extends the series of lower highs and lows from the previous week.

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Silver and Gold Prices Ripe for Retreat Ahead FOMC Outlook?

Despite recent gains in silver and gold prices amid the coronavirus panic, the precious metals may retrace their recent gains if the FOMC outlook cools demand for anti-fiat hedges.

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Euro May Fall with DAX Index as Coronavirus Spreads into Europe

The Euro and DAX equity index may fall as the coronavirus continues to spread across Europe, with a new case reported in Germany – the largest Eurozone economy.

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US Dollar May Rise vs NOK, SEK on Coronavirus Risks and FOMC

The US Dollar may extend its gains vs the sentiment-linked Swedish Krona and Norwegian Krone ahead of the FOMC rate decision and anxiety about the coronavirus.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...