Monday, 6 July 2020

AUD May Extend Gains on RBA Rate Decision After Wall Street Bounce

The Australian Dollar may glimmer in Tuesday’s Asia-Pacific trading session as investors gear up for the Reserve Bank of Australia (RBA) rate decision.

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Nasdaq 100 & Dow Jones Forecast: Are Stocks in for Another Leg Higher?

The Nasdaq 100 pressed to new heights as Asian equities surged higher on swelling volume. Will strength in other equity markets help extend the rally in US stocks?

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Canadian Dollar Price Outlook: USD/CAD Stalls Ahead of Key Support

USD/CAD has been range bound over the past few weeks, with the 1.3500 area thwarting sellers on multiple occasions. Can bears take control?

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DAX 30 Forecast: What Stock Will Replace Wirecard on the DAX 30 Index?

The accounting scandal that took down Wirecard has led to an implosion in share price for the tech stock, rendering it subject to removal from the DAX 30. What stock will take its place?

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US Dollar Weakness Abates on Upbeat Services PMI

US Dollar price action recovered marginally Monday morning on a better than expected services sector report from the Institute for Supply Management

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US Dollar, VIX Index Stumble as Stock Market Euphoria Prevails

Appetite for risk endures and continues to weigh negatively on the broader US Dollar, which has tracked the VIX Index ‘fear-gauge’ lower as global equities melt higher. Where is the USD and stock m...

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S&P 500 Rallies as Key Insiders Dump Stock, Traders Add Shorts

The S&P 500 index may continue pacing higher as traders shift into an increasingly net-short position, but corporate insider activity flash worrying signals for broader market trends.

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GBP/USD, EUR/GBP and FTSE 100 Latest Outlooks - UK Market Webinar

Sterling is treading water with a very mild upside bias, especially against a weaker US dollar. EU/UK trade talks continue and on Wednesday Chancellor Sunak announces a summer budget update.

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Australian Dollar Forecast: Will the RBA Talk About AUD/USD?

Australian Dollar continues to track risk sentiment higher, despite the rising concerns over a second wave of COVID cases

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British Pound (GBP) Latest: GBP/USD Uplift Driven by US Dollar Weakness

The latest bout of US dollar weakness has helped to push GBP/USD a touch higher but commentary from this week’s EU/UK trade talks will soon become the main driver of the pair.

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Euro Charts Hint at Rise, EU Stoxx 50 at Risk Amid Stimulus Talks

EUR/GBP, EUR/NZD poised to move higher whilst stimulus talks hamper the EU Stoxx 50 Index’s three-month rally.

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Sunday, 5 July 2020

Gold Prices Down, Not Out as China Cheerleads Stock Markets

Gold prices edged lower as China talked up stock markets and pushed bond yields higher, but a weaker US Dollar limited the anti-fiat metal’s losses.

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USD/CAD Rate Outlook Mired by Failed Attempt to Test June High

USD/CAD appears to have reversed course amid the failed attempt to test the June high (1.3801), with the exchange rate carving a series of lower highs and lows in July.

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NZD/USD Rate Approaches June High while Net-Short Interest Jumps

NZD/USD approaches the June high (0.6585), with the appreciation in the exchange rate fueling a jump in net-short positions according to the IG Sentiment report.

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Hang Seng Index Breaks 25,000 as China A50 Tests a Key Resistance

The Hang Seng Index has broken resistance at 25,000 with increased volume, with south-bound flow a big driver. The China A50 stock index is testing major resistance.

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ASX 200, AUD/JPY Outlook Dictated By COVID-19 Lockdown Measures

The ASX 200 and AUD/JPY at risk of a correction as cases of Covid-19 continue to climb in Australia’s second most populous state, Victoria.

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XAU/USD Outlook Bearish For Q3 on Financial Risks, Covid-19 Pandemic

Gold prices may surrender to the US Dollar if another wave of the coronavirus hammers global growth prospects and destabilizes the fragile corporate debt market.

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Australian Dollar Fundamental Forecast for Q3 2020

A shift in the RBA’s forward guidance should heighten the appeal of the Australian Dollar if the central bank prepares to remove the yield target later this year.

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Dow Jones: A True Cross Section of American Industry?

If you ask a financial analyst or expert trader how to get a picture of where the global economy is currently headed, they will likely tell you to consult the Dow Jones Industrial Average. The seco...

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How AUD & NZD Exchange Rates Are Impacted by China’s Economy



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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...