GBP/USD is faltering at resistance from a downward sloping chart trendline as the markets weigh up improving economic data against surging coronavirus infections in the US.
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Wednesday, 1 July 2020
British Pound Forecast: GBP/USD, GBP/JPY to Face Brexit Deadline
GBP/USD, GBP/JPY could come under intense selling pressure as weakening fundamentals and Brexit fears weigh on the British Pound.
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Tuesday, 30 June 2020
Gold Price Levels to Watch Ahead of US Non-Farm Payrolls (NFP) Report
Gold trades to a fresh yearly high ($1786) ahead of the US Non-Farm Payrolls (NFP) report, and the bullish behavior may persist as the RSI approaches overbought territory.
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How to Trade the Euro, NOK and SEK Using the Core-Perimeter Model
A macro forex trading guide exploring how to trade the Euro vs the Swedish Krona and Norwegian Krone through the prism of the Core-Perimeter model
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Copper, Silver Driven By US Dollar. Risk Aversion May Fuel Selling
Copper and silver price moves continue to be dictated by the safe-haven US Dollar. Could a surge of risk aversion fuel a collapse in metal prices?
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Asia Markets to Open Flat Despite US Rally on Hong Kong Security Law
Asia-Pacific equities may struggle for momentum despite a strong lead from Wall Street amid fears that the approval of a new Hong Kong security law may stoke US-China tensions.
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Australian Dollar Resilience Undermined by Break of Bullish RSI Trend
It remains to be seen if the resilience in AUD/USD will carry into July as the Relative Strength Index (RSI) snaps the bullish trend from earlier this year.
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AUD/JPY May Rise But Hong Kong Geopolitical Risk May Curb Gains
The Australian Dollar may rise versus the anti-risk Japanese Yen after a rosy session during Wall Street trade, but geopolitical complications in Hong Kong could curb AUD/JPY’s gains.
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Nasdaq 100 Forecast: Stocks Post Stellar Quarterly Gains Led by Tech
Markets finished up the second quarter on Tuesday, finalizing a remarkable few months which saw risk assets recover from the coronavirus crash at a blistering pace. Few were more jubilant than the ...
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Stock Market Outlook: Dow Eyes China Tension & Dollar-Yuan
The stock market traded resiliently during 2Q-2020, but the Dow Jones hangs in jeopardy as spot USD/CNH consolidates while tension with China escalates ahead of the US presidential election.
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US Dollar Edges Lower as Consumer Confidence Smashes Forecast
The US Dollar is starting to surrender gains notched early during Tuesday's trading session in response to increasingly optimistic consumer confidence data as markets await Fed Chair Powell and Tre...
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S&P 500, Nasdaq 100 Outlook: Rebalancing Flows May Boost Downside Risks
Momentum weakens for S&P 500 , Nasdaq 100. Watch out for rebalancing flows, while US COVID concerns rise.
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Market Sentiment: Strong China PMI Fails to Lift AUD/USD, EUR/USD, GBP/USD | Webinar
A strong manufacturing PMI number for China in June has failed to lift trading sentiment, suggesting some underlying weakness in ‘risk-on’ currencies and stocks.
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Gold Price Latest - Rally Running Out of Steam, Supportive Trend Needs to Hold
The recent gold rally is coming under threat as the precious metal struggles to move higher after hitting a near-eight year peak last week.
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British Pound (GBP) Latest: GBP/USD Outlook Still Bleak, FTSE Sliding Too
GBP/USD continues to trend lower, suggesting more losses to come, while the FTSE 100 stock index is still failing to rally.
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USD/JPY Eyes 200-MA, S&P 500 Descending Triangle in Play
USD/JPY eyes the 200-day moving average, S&P 500 forms Descending Triangle at key resistance as US-China tensions escalate.
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Monday, 29 June 2020
Gold Prices at Risk as Crude Oil Awaits Canada GDP Data
Gold prices could be at risk to a turn lower following the emergence of a Doji candle. Crude oil prices may rise as Canada GDP data perhaps supports global growth recovery bets.
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EUR/USD Rate Forecast: RSI to Validate Bull Flag Formation
The Relative Strength Index (RSI) may validate the bull flag formation in EUR/USD if the oscillator continues to track the bullish trend from earlier this year.
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GBP, USD & AUD Brace for Cross-Continental Geopolitical Risks
The British Pound, US Dollar and Australian Dollar may experience higher-than-usual volatility ahead of a plethora of cross-continental geopolitical risks amid a spike in Covid-19 cases.
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ASX 200 Perched at Support as Iron Ore Price Pulls Back
ASX 200 underperformance against its major counterparts may continue as falling iron ore prices and a surge in local coronavirus cases potentially cap further upside.
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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference
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