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Friday, 24 July 2020

US Dollar Index Poised to Climb Higher on Escalating US-China Tensions

The US Dollar index seems poised to climb on escalating US-China tensions after Beijing asks for the closure of the US consulate in Chengdu.

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Thursday, 23 July 2020

Nikkei 225 May Drop on US Jobless Claims, Hang Seng Enters Consolidation

The Nikkei 225 stock index may open lower after the holiday as initial US jobless claims data disappointed. The Hang Seng Index and FTSE China A50 may also face a technical pullback.

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Gold Rally Eyes Record High Price as RSI Pushes Into Overbought Zone

The price of gold appears to be on track to test the record high set in September 2011 ($1921) as the RSI pushes above 70 for the third time in 2020.

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AUD May Erase Gains Amid US-China Tension After Tech Stocks Cratered

The Australian Dollar may retrace some of its recent gains as US-China tensions heat up following a gloomy session in Wall Street trade amid a decline in technology stocks.

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S&P 500 Slips, Nasdaq Tumbles as Stocks Wince at Jobless Claims

Stocks traded lower on Thursday, earmarked by a 2.7% drop in the Nasdaq and 1.2% decline in the S&P 500 measured by e-mini futures prices, as investors react to rising jobless claims data.

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Central Bank Watch: BOC on Hold; RBA's Yield Curve Control; RBNZ's Negative Interest Rates

As their economies have handled the coronavirus pandemic well thus far, the trio of central banks associated with the Australian, Canadian, and New Zealand Dollars are in a holding pattern.

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Canadian Dollar Price Outlook: USD/CAD Breaks the Range

After building into a range that held for more than a month, USD/CAD bears were on the prowl this week.

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USD Price Outlook: US Dollar Nosedives Ahead of Markit PMI Data

Another push lower by USD bears has blown past critical technical support levels, sending the broader US Dollar into negative territory year-to-date, and leaving the ‘King Dollar’ title in jeopardy...

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EUR/JPY Price Outlook: EURJPY Nearing 2020 High, RSI Overbought

EUR/JPY trades near the 2020 high as the pair looks to test 124.45 resistance. RSI is currently overbought and may produce headwinds for further bullish momentum

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Yen Price Forecast: USD/JPY, AUD/JPY, CAD/JPY Charts & More

The Japanese Yen has surrendered gains notched earlier this year as safe-haven demand dissipates, but JPY price action looks constructive against its US Dollar peer despite potential for further we...

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S&P 500 Forecast: Tesla Profitability Sees Stock Set for Index Inclusion

Four consecutive quarters of profitability has made Tesla eligible for inclusion in the S&P 500, even as the stock exhibits bubble-like symptoms. Elsewhere, a Microsoft beat could boost the Nasdaq.

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AUD/USD Price Forecast: Indecision Weighs in on Market Participants

Aussie bulls may run out of gas as price approaches new level of resistance. How will Q3 play out for AUD/USD?

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USD/CAD Sell-Off Continues, Focus Now on Multi-Month Low

The Canadian dollar continues to outperform its US counterpart, pushing USD/CAD down to levels last seen in March this year. This trend remains intact but warning lights are flashing.

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US Dollar, Gold, Silver Price Analysis: Cross Asset Correlation

Cross-Asset Correlations elevated as liquidity remains rife. Prevailing trends to persist as volatility drifts lower.

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British Pound (GBP) Outlook: Further Gains Likely for GBP/USD

GBP/USD continues to trend higher, largely on the persistent weakness of the US Dollar, with few signs yet of a pullback after the pair’s recent gains.

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Gold Prices Eye Record High, Rising with Stocks as the Dollar Falls

Gold prices look poised to challenge the record high above the $1900/oz figure. The metal is up alongside stocks while the haven US Dollar sinks.

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DAX 30 Stock Index Stalling at Yearly Open as German Bunds Test Key Resistance

The DAX 30 stock market index could be at risk of a short-term pullback as Germany’s 10-Year Bunds attempt to break through a pivotal inflection point.

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