The RSI may continue to offer a bullish outlook for the price of gold if the indicator rebounds from trendline support and produces the extreme readings seen in February.
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Sunday, 12 July 2020
AUD May Fall on US-China Trade Deal Fears, Crude Oil Eyes OPEC Meeting
The Australian Dollar is groaning at revived US-China trade tensions as crude oil prices eye a key OPEC+ meeting. The Euro may tense up ahead of negotiations on a EUR750b aid package.
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US Dollar Fundamental Outlook: USD/SGD, USD/MYR, USD/IDR, USD/PHP
The US Dollar weakened against ASEAN currencies like the Singapore Dollar, Malaysian Ringgit, Indonesian Rupiah and Philippine Peso. Ahead, Chinese GDP and US retail sales are eyed.
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USD/CAD Rate Outlook Hinges on Bank of Canada (BoC) Forward Guidance
USD/CAD may continue to track the June range ahead of the Bank of Canada (BoC) rate decision on July 15 as the central bank is expected to retain the current policy.
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S&P 500 Faces Earnings Check, Hang Seng Index May Rise
S&P 500 index futures are climbing Monday opening despite of surging virus cases. Traders are eyeing Q2 earnings reports this week. The Hang Seng Index is set to open higher.
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New Zealand Dollar Outlook: GBP/NZD, EUR/NZD, NZD/CHF Levels to Watch
The GBP/NZD, EUR/NZD exchange rates seem poised to reverse their respective 4-month downtrends as NZD/CHF struggles at key resistance.
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USD May Fall Vaccine Hope, AUD Rattled by US-China Trade War
The US Dollar and anti-risk Japanese Yen may continue to suffer on hopes of a Covid-19 vaccine, but could get a lift versus AUD and NZD as US-China trade tensions haunt APAC FX.
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Markets Week Ahead: Gold Prices, Dow Jones, Earnings Season, Euro, ECB
Gold prices accelerated higher as longer-dated Treasury yields declined. While the Dow Jones and S&P 500 rose, stock valuations will be tested as earnings season gets underway. The Euro awaits the ...
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Saturday, 11 July 2020
GBP/USD Weekly Forecast: GBP Cheers Stimulus, Rally at Risk of Stalling
A plethora of UK data, however, external factors remain the key driver as GBP/USD edges towards 200DMA.
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Japanese Yen Outlook Bullish on Coronavirus Surge, US Earnings Season
The Japanese Yen may rise if a growing number of coronavirus cases around the world puts a premium on anti-risk assets. JPY’s gains may be amplified if corporate earnings fail to impress investors.
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Friday, 10 July 2020
Dow Jones, S&P 500, DAX 30, FTSE 100 Outlook: Stocks Week Ahead
The Dow Jones and S&P 500 nervously face the earnings season ascoronavirus deaths could reimpose lockdowns. The DAX 30 eyes an EU rescue package as the FTSE 100 awaits GDP data.
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Euro Forecast: EUR/USD to Find Direction from ECB and EU Summit
Two major events will dominate Euro trading in the coming week: an ECB meeting on Eurozone monetary policy, followed by an EU summit to reach agreement on a recovery fund.
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EUR/USD & AUD/USD in Focus Ahead of ECB, Jobs & Retail Sales
EUR/USD and AUD/USD could experience heightened market activity next week with the Euro, US Dollar, and Australian Dollar primed for volatility around key event risk and data releases on deck.
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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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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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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...
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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...