Tuesday, 21 July 2020

EUR/GBP Price Forecast: EURGBP Tests Key 0.9000 Psychological Level

EUR/GBP failed to test the June high and has subsequently bounced off the area of support around the 0.9000 psychological level

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US Dollar Breakdown: EUR/USD, AUD/USD, GBP/USD Break Outs

The US Dollar has finally broken below support; but now that it has, the question is sustainability of breakouts in major pairs like EUR/USD, AUD/USD and GBP/USD.

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BTC Price Outlook: Bitcoin Chart Coiled, Pennant Breakout Eyed

Bitcoin has faced selling pressure since early June, but as the cryptocurrency consolidates into a bullish pennant formation, BTC price action may be gearing up for another massive move to the upside.

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AUD/JPY Price Forecast: Ascending Triangle Breach Confirmed

AUD/JPY is slowly encroaching on yearly highs with technical and fundamentals driving the upside. Will bears be able to slow down bullish momentum in Q3?

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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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Skepticism About EU Recovery Fund Could Undermine EUR/USD | Webinar

EUR/USD has responded positively to the news that an EU recovery fund has been agreed but market sentiment towards the Euro could sour soon.

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EUR/USD, USD/CAD Charts & More

The Euro continues to hold up and look headed higher while USD/CAD on the verge of a breakdown below support; USD generally weak.

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Gold (XAU/USD) Hits a Nine-Year High, Silver (XAG/USD) Breaks Above $20/oz.

Gold and Silver continue to make fresh multi-year highs as discussions over a new COVID-19 stimulus package start this week in Congress

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Euro Stoxx 50, FTSE MIB, IBEX 35 React to Symbolic EU Deal

European indices gain as the EU sets the precedent of debt mutualisation.

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British Pound (GBP) Latest: EUR/GBP Testing 0.90 After EU Summit Deal

EUR/GBP is testing support around 0.90 after the EU Summit agreement despite grim UK borrowing data and rising tensions between the UK and China.

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Gold Prices at Risk Despite Push to 9-Month High as Earnings Loom

Gold prices look vulnerable despite a push to nine-year highs as downbeat corporate earnings reports threaten to undermine risk appetite, boosting the haven US Dollar.

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Canadian Dollar Outlook: USD/CAD May Slide on Upcoming Retail Sales Data

The USD/CAD exchange rate seems poised to slide to fresh monthly lows after failing to climb above sentiment-defining resistance.

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Monday, 20 July 2020

EUR/USD Pulls Back from July High as EU Splits COVID Recovery Fund

EUR/USD pulls back from a fresh monthly high (1.1470) even though European leaders reach a deal for a COVID-19 recovery fund totaling EUR 750B.

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Indian Rupee Gains on US Tariff Rollback Proposal, Nifty 50 to Follow?

The Indian Rupee and Nifty 50 received a boost from US-India trade news, will these gains last? USD/INR is eyeing key support as the Nifty 50 trades within a reversal pattern.

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Silver Outlook: XAG/USD Poised to Rise as Stimulus Underpins Metal Prices

Silver prices poised to outperform as the fundamental backdrop continues to support the liquidity-driven metal.

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ASX 200 Faces Resistance at 6100, Nikkei 225 Edging Higher

Australia’s ASX 200 stock index rose slightly on Tuesday alongside the Australian Dollar, defying Covid-19 concerns. Japan’s Nikkei 225 moved higher to 22,800.

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NZD/USD Crowding Behavior Persist as RSI Diverges with Price

NZD/USD approaches the monthly high (0.6601) despite signs of crowding behavior in the US Dollar, while the RSI appears to be diverging with price.

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Australian Dollar Eyes RBA Minutes. Euro Hung Up on EU Summit

The Australian Dollar will be thrust into the spotlight ahead of the RBA minutes as the Euro remains suspended by geopolitical uncertainty from a key EU summit.

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Euro in Limbo on EU Summit. GBP & USD Brace for Brexit & US Fiscal Debate

The Euro, US Dollar and British Pound are mired in cross-continental geopolitical risks as Covid-19 cases globally top 14.4 million.

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AUD/USD & ASX 200 Price Forecast: Aussie Assets Probe Resistance

Both AUD/USD and the ASX 200 have moved within reach of nearby technical resistance, staging intermittent attacks at their respective levels. Can they break higher in the days 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...