Friday, 10 July 2020

Gold Price Forecast: Fed Balance Sheet Drop May Cap Bullion's Surge

Gold price gains seem to depend on monetary stimulus expansion and may turn lower as contraction of the Federal Reserve’s balance sheet underpins the US Dollar.

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Japanese Yen Q3 Fundamental Outlook, Dow Jones and S&P 500 Eyed

The anti-risk Japanese Yen remains glued to the direction of the Dow Jones and S&P 500 benchmarks for Wall Street. What does the road ahead look like for JPY in the third quarter?

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Mexican Peso Latest: USD/MXN Struggles due to US Dollar Indecision

The Mexican Peso is struggling to find direction against the US dollar and may be looking at a period of consolidation as the US dollar decides its next move.

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British Pound Latest (GBP) - GBP/USD Pullback, EUR/GBP Dips Supported

EU and UK negotiations to carry on its arduous process. EUR/GBP dips to find support.

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Canadian Dollar Outlook: USD/CAD, CAD/JPY Hinge on Employment Data

USD/CAD eyeing a breakout, CAD/JPY poised for further declines should Canadian employment data disappoint.

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Gold Prices Fall with Stocks as US-China Tensions Escalate

Gold prices fell alongside stocks as escalating US-China tensions soured market sentiment, driving haven demand for the US Dollar. More of the same is eyed ahead.

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Thursday, 9 July 2020

AUD/USD Fails to Test June High Despite ‘New Phase’ of Fiscal Stimulus

Failure to test the June high (0.7064) may generate range bound conditions in AUD/USD even though Treasurer Frydenberg plans to unveil a “new phase” of fiscal stimulus.

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Dow Jones Eyes Support, Straits Times Faces Singapore General Election

The Dow Jones and S&P 500 declined as the Nasdaq Composite rose. Ahead, the Shanghai Composite may fall as the Straits Times index eyes the Singapore General Election.

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Crude Oil Prices May Extend Drop After Covid-19 Surge, Biden Speech

Crude oil prices fell as rising coronavirus cases in the US and a populist tilt in comments from Democratic presidential candidate Joe Biden spooked investors. Brent may continue lower in Asia-Paci...

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S&P 500, Dow Jones & Nasdaq 100 Forecast: Earnings Season Arrives

Earnings season has arrived and brings with it the possibility of immense volatility in single shares given the high degree of uncertainty. What does this mean for the Dow Jones, Nasdaq and S&P 500?

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Stock Market Third Quarter Forecast: Covid Concerns & Fed Policy to Clash

Equity markets endured significant volatility last quarter even as they staged a remarkable recovery, but many of the same themes behind the initial crash exist heading into the third quarter.

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Macro Matters: Gold, USD, Equities Pullback - More in Store?

The highflying rally in risk assets is coming into question as coronavirus cases in the US continue to spike. But what does the Fed have to say?

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Australian Dollar Outlook: AUD/USD Price Trend Faces Pushback

Noted by a quick 50-pip tumble across AUD/USD price action, the Australian Dollar has faced fresh selling pressure as the pro-risk Aussie probes technical resistance and China tension sours sentiment.

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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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Dollar as a Safe Haven or Source of Global Instability?

The US Dollar is the traditional safe haven currency – a boon when global risk is shaken by a pandemic. And yet, that role is not inviolable. With a swell in COVID cases in the US, trade sparks rek...

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Copper Price: Rally Continues Towards Multi-Month High

Copper continues to push ever higher and is now within touching distance of making a fresh 2020 high.

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US Dollar (DXY) Eyes Multi-Month Low But Speculators are Trimming Their Short Positions

The US dollar chart remains weak with a short-term series of lower highs and lower lows highlighting the greenback’s weakness. A new multi-month low may be on the horizon.

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Crude Oil Prices Eye US Jobless Claims Data as Lockdowns Return

Crude oil prices are taking their cues from market sentiment trends, tracking stock exchanges. US jobless claims data is now in focus as some states reinstate lockdowns.

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DAX 30, FTSE 100, Euro Stoxx 50 Outlook: Recovery Begins to Stall

DAX edges towards key pivot, Euro Stoxx 50 fails to hold 200DMA, while FTSE 100 momentum signals to downside risks

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British Pound (GBP) Latest: More Upside Likely in GBP/USD After Mini Budget

UK Chancellor Rishi Sunak’s summer statement has lifted GBP/USD and the pair may well continue to rise, although a period of consolidation first cannot be ruled out.

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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...