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Tuesday, 21 July 2020

USD/CAD Rate Trades to Fresh July Low Ahead of Canada CPI

USD/CAD appears to be on track to test the June low (1.3315) as the exchange rate snaps the range bound price action from earlier this month.

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Brent Oil Gains, EUR/USD Surges on EU Summit Deal. APAC Stocks to Rise?

Crude oil prices are approaching a level not reached since the pre-OPEC March meeting, with EUR/USD poised to rise after a deal was announced at the EU summit. APAC stocks may follow.

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Nasdaq 100 Forecast: Microsoft & Tesla Earnings Ahead, Beware of Bubbles

Tesla’s stock price has soared 260% in the year-to-date, outpacing other automotive makers and technology companies alike. The upcoming quarterly report will provide much-needed insight.

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US Dollar Implodes as VIX ‘Fear-Gauge’ Swoons, Gold & Oil Soar

Gold and crude oil are flying high as the DXY Index sinks into negative territory on the year with the broader US Dollar disintegrating alongside safe-haven demand and expected stock market volatil...

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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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