Gold prices are on course for a 6th consecutive weekly gain, the first time in over a year.
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Saturday, 18 July 2020
US Dollar Outlook Bearish on Economic Stabilization, Soft Haven Demand
The US Dollar may extend its losses against its G10 peers as signs of economic stabilization alleviate demand for haven-linked assets like the Greenback.
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Friday, 17 July 2020
Crude Oil Weekly Forecast - Oil Price Supported by OPEC Demand Forecasts and Easing Production Cuts
OPEC+ producers will begin easing recent supply cuts from the start of August as demand continues to pick-up.
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Australian Dollar May Wilt with Dow Jones, S&P 500 Looking Wobbly
The Australian Dollar may fall as rising US coronavirus cases may result in lockdowns being reinstated. The S&P 500 and Dow Jones also look wobbly with earnings season in full swing.
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Canadian Dollar Price Outlook: USDCAD Range Continues Post-BoC
USD/CAD has continued to trade in its pre-defined range after the Bank of Canada maintained rates at their recent meeting.
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S&P 500 Price Outlook: Will Abysmal Netflix Earnings Dent Sentiment?
Streaming service provider and content producer Netflix saw its stock price crater after reporting weak earnings and guidance after the close on Thursday.
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EUR/USD, Gold Price & More – Charts for Next Week
The Euro continues to look steady and heading higher, while gold as well has a firm structure with a clean line-in-the-sand to watch.
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Australian Dollar Forecast: Key AUD/USD Levels to Watch
Rather calm week for the Australian Dollar. However, upside has stalled at key resistance.
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EUR/GBP Price Latest: Back Above Supportive Short-Term Trendline
EUR/GBP continues to make supportive higher lows this week and is back above a trendline started in late April. IG client sentiment data suggests further gains may be on the cards.
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British Pound (GBP) Latest: GBP/USD May Receive a Boost Next Week on Vaccine News
GBP/USD remains in the middle of this week’s tight range after a slew of heavyweight data failed to trigger a move. A report out Monday on the Oxford COVID-19 vaccine may give Sterling a fresh driver.
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EUR/USD Eyes Fresh Highs After Break of Bullish Chart Pattern
The EUR/USD exchange rate may climb to fresh yearly highs after validating the breakout of a bullish trend continuation pattern.
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Thursday, 16 July 2020
USD/IDR May Rise as Jakarta Composite Falls After Bank of Indonesia
The USD/IDR may rise after the Bank of Indonesia cut rates to a record low, expected more intervention from the BI. This is as the Jakarta Composite index rose beyond a 4-month high.
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S&P 500 Challenges 3,200 Resistance, Hang Seng Tests 25,000 Support
US indices fell slightly as technology sector stocks fell. The Hang Seng Index is set to test a key support at 25,000 after falling 2% yesterday. Netflix share price fell 9%.
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Gold Prices Vulnerable as RSI Snaps Upward Trend
Recent developments in the Relative Strength Index (RSI) warn of a potential pullback in the price of gold as the indicator snaps the upward trend from June.
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US Dollar May Reclaim Lost Ground vs AUD as Haven Demand Spikes
The US Dollar may extend its gains after stocks on Wall Street ended in the red and put a premium on haven-linked and anti-risk assets.
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USD/CAD Price Outlook: Dollar Builds a Base, Loonie Eyes Oil
USD/CAD just bounced off technical support near the 1.3500-price level as the Greenback gains ground and the Loonie edges lower alongside crude oil following fresh BoC rate guidance.
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S&P 500 Price Outlook: Will Abysmal Netflix Earnings Dent Sentiment?
Streaming service provider and content producer Netflix saw its stock price crater after reporting weak earnings and guidance after the close on Thursday.
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Nasdaq 100 Forecast: Netflix Earnings Loom as Tech Sentiment Teeters
Netflix marks the first earnings report from a member of the widely watched FANGMAN group, a collection of stocks that are integral to the Nasdaq’s recent success. Sentiment hangs in the balance.
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US Dollar Price Action Setups: EUR/USD, GBP/USD, AUD/USD
It's been a climactic week across global markets and the US Dollar is showing breakdown potential after re-testing a key zone of long-term support.
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XAG/USD Forecast: Silver Price Action at the Precipice
Silver is trading at yearly highs even with some technical and fundamental factors stacked against it. How will the rest of Q3 pan out for the precious metal?
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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 -...