Tuesday, 28 July 2020

British Pound (GBP) Latest: GBP/USD Set to Consolidate After Recent Gains

GBP/USD is looking toppish after the gains that have taken it sharply higher this month in tandem with a weak US Dollar.

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Gold Price Surge May Fizzle if the Fed Holds Back Stimulus Boost

Gold prices have raced upward to a new record high as the US Dollar sinks amid speculation about a Fed stimulus boost. They may slump back if the central bank disappoints.

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S&P 500 Index Dictated By Coronavirus Relief Bill Talks, FOMC Rate Decision

The S&P 500 stock index may fall ahead of the Federal Reserve interest rate decision on July 29 as coronavirus relief bill talks stall in the Senate.

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Monday, 27 July 2020

USD/CAD Rate Eyes March Low Ahead of FOMC Rate Decision

USD/CAD appears to be on track to test the June low (1.3315) as it trades to a fresh monthly low (1.3425) ahead of the Federal Reserve interest rate decision on July 29.

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New Zealand Dollar Outlook: NZD/JPY, NZD/CAD, NZD/CHF Levels to Watch

The New Zealand Dollar may fall as the NZD/JPY and NZD/CAD exchange rates struggle to breach pivotal resistance.

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Bitcoin, Ethereum Outlook Bullish as US Dollar Demand Fades

Bitcoin and Ethereum may extend their rally in the week ahead if US Dollar weakness persists in tandem with swelling demand for higher-beta assets.

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ASX 200 Attempts 6100 as Mining Stocks Rise, Nikkei 225 Edging Higher

Australia’s ASX 200 stock index is set to climb on Tuesday after an upbeat US session. Higher gold prices boosted mining sector. Japan’s Nikkei 225 stock index may rise.

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AUD/USD Outlook: RSI Flirts with Overbought Zone Ahead of Australia CPI

The Relative Strength Index (RSI) may offer a bullish signal for AUD/USD as the indicator flirts with overbought territory.

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S&P 500 Outlook: VIX in Focus Amid Earnings, Stimulus Talks

Stocks appear ripe for volatility this week with earnings season swinging into full gear and politicians debating the latest coronavirus stimulus package, which brings the S&P 500 VIX ‘fear-gauge’ ...

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USD Weakness May Persist Despite Rising US-China Geopolitical Tension

The US Dollar may continue to slide against its G10 peers despite increasingly hostile geopolitical tensions between the United States and China.

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King Dollar Dethroned as EUR/USD Surges, DXY Hits 2-Year Low

The Greenback looks keen on surrendering its 'King Dollar' title as the DXY Index plunges to its lowest level in over two years while EUR/USD skyrockets. Have US Dollar bears taken control?

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Mexican Peso Price Forecast: USD/MXN Drives Monthly Low, USD Smashed

As the US Dollar gets smashed to two-year-lows, USD/MXN crawls down to it's own monthly low. But with FOMC on deck, volatility may be around-the-corner.

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Euro Forecast: EUR/USD Testing Multi-Year Symmetrical Triangle

EUR/USD is testing resistance of a multi-year symmetrical triangle. Will economic data, risk sentiment and a global pandemic provide the breakout catalyst?

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Mexican Peso Outlook at the Mercy of US Economic Trends

Understanding the US-Mexico relationship and how the ebb and flow of economic activity in the former impacts the latter is crucial for trading USD/MXN.

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Markets Week Ahead: Gold Prices, Dow Jones, US Dollar, FANG, Recessions

Gold prices and the Euro soared as the US Dollar sank. Are the S&P 500, Dow Jones and Nasdaq Composite vulnerable after lackluster tech earnings? The United States is poised to enter a technical re...

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GBP/USD, EUR/GBP and GBP/NZD Outlooks - UK Webinar

Sterling is pushing higher against a weak US dollar and is consolidating recent losses against a range of other currencies including EUR/GBP and GBP/NZD.

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US Dollar Selling Dominates, EUR/USD Longs Extend Further - COT Report

US Dollar selling the dominant theme across the FX space as real yields plummet. Euro Bulls Boosted.

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British Pound (GBP) Latest: GBP/USD Hits a 4-Month High as the US Dollar Slumps Further

Sterling opens the week little changed against a basket of other currencies but trades at a fresh four-month high against a feeble US dollar.

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IBEX 35, CAC 40 Stock Indexes May Fall as Covid-19 Fears Heat Up

Spain’s IBEX 35 stock index may extend declines after breaking its 4-month uptrend. France’s CAC 40 equities benchmark is perched at a pivotal support as RSI flops into bearish territory.

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Crude Oil Prices May Rise with Stocks, Gold Hits Record High

Crude oil prices may rise with stocks as risk appetite firms across financial markets. Gold prices have jumped to a record high ahead of the FOMC policy announcement.

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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...