Tuesday, 28 July 2020

USD/JPY Price Forecast: USDJPY Dropping Towards Key Level of Support

The US Dollar has experienced a significant sell-off amidst a focus on declining real yields in major economies while the Yen shines vs G10 currencies

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Nasdaq, S&P Outlook: FOMC Correction Potential as Hope Drives the Bid

In four months US equities markets have went from aggressively bearish to aggressively bullish, even as a global pandemic rages on. What will Powell have to say for tomorrow?

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FTSE 100 Price Analysis: FTSE 100 Flirts with Key Fibonacci Levels

The past four months have seen a really strong move in the FTSE, and the index continues to flirt with fresh highs, held back by Fibonacci resistance

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DAX 30 & CAC 40 Forecasts for the Week Ahead

The DAX 30 and CAC 40 have bled lower in the last week as both indices struggle to reclaim recent highs. Even as EUR/USD breaks out, price action for European equities has remained measured.

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US Dollar Paces Big Drop for July as Consumer Confidence Wanes

The US Dollar has spiked sharply lower with the DXY Index, a basket of major FX pairs, down nearly 4% month-to-date. Meanwhile, consumer confidence is deteriorating as COVID-19 persists.

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Euro Forecast: Exhaustion Arrives as Rallies Reach Resistance - Key Levels for EUR/JPY & EUR/USD

The Euro has been the best performing major currency in recent weeks, but ahead of the July Fed meeting, it appears that several EUR-crosses may be ready to take a breather.

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Market Sentiment: Gold, Silver, Platinum, Copper, USD Outlook | Webinar

Trader confidence remains high in gold, silver and other metals despite some profit-taking, but low in USD, suggesting the recent strong advances in XAU/USD and XAG/USD could resume soon.

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GBP/USD, Silver Charts and More

Cable broke out yesterday to best levels since March while silver is showing signs of exhaustion.

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S&P 500, Dow Jones Forecast: Risk-Taking Cut Back Ahead of FOMC

Silver volatility signals reduction in speculative positions. S&P 500 eyes support, Dow Jones forming interim top.

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Gold Soars to a Record High Before a Sharp Correction Lower Fires a Warning Shot

Gold hit a fresh all-time high around $1,981/oz. earlier in the Asian session before sellers took control of the market and sent the precious metal spinning lower.

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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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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...