Wednesday, 29 July 2020

AUD/USD Outlook: 2019 High on Radar as RSI Pushes Into Overbought Zone

AUD/USD appears to be on track to test the 2019 high (0.7295) as the Relative Strength Index (RSI) climbs into overbought territory for the fourth time this year.

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NZD/JPY Outlook Bullish After FOMC Rate Decision, Powell Briefing

The New Zealand Dollar may rise after the FOMC rate decision and Fed Chairman Jerome Powell’s press briefing lifted market spirit and put a premium on risk-oriented assets.

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Nasdaq 100, Dow Jones Forecast: Stocks Survive Fed, How About Earnings?

Stocks ticked modestly higher after Wednesday’s FOMC meeting, but volatility may yet arrive with earnings from some of the largest tech members due Thursday. Here are the levels to watch.

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US Dollar Weakness to Linger as Fed Extends USD Swap Lines

USD price action has weathered a volatile trading session in the midst of a monetary policy update from the Federal Reserve, and US Dollar weakness may endure as the Fed extends FX swap lines.

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Dow Jones Index: FOMC Leaves Gains Intact

The Federal Reserve's FOMC policy statement announced no major changes this afternoon, with the Dow Jones Index remaining in positive territory following the interest rate decision.

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Gold Price Forecast: XAU All-Time-Highs, More to Go?

It's been a bullish past couple of years for Gold and on Monday, that theme took on a new tone as Gold prices punched up to a fresh all-time-high.

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Shapes of the Recovery: The Recession Alphabet - V, U, W, J, & L

As US GDP figures come into focus around the coronavirus pandemic, the financial world has been talking about a few more acronyms and abbreviations you might not know about.

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Fed Meeting Preview: Gold, Dow, US Dollar Outlook as FOMC Looms

Gold, the Dow Jones and US Dollar tend to experience heightened volatility around Fed meetings, which brings these markets into focus headed into Wednesday’s FOMC decision.

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EUR/CHF Price Analysis: EUR/CHF Remains Faithful to Fibonacci

The past two months has seen the EUR/CHF trading in a range between key Fibonacci levels

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US Recession Watch, July 2020 - Shapes of the Recovery: J-Curve

The Q2’20 US GDP report will likely produce the worst quarter of growth data in US economic history. But markets are forward looking, right?

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Bitcoin Forecast: BTC Price Breaking Out as US Dollar Crumbles

Bitcoin price action has rocketed 20% higher over the last week on the back of a topside breakout. As the US Dollar implodes, BTC has surged alongside anti-fiat precious metals like gold and silver.

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Mexican Peso Latest: USD/MXN at Risk as FOMC and Mexican Q2 GDP Releases Near

The Mexican Peso continues to gain against a weak US dollar ahead of the latest Fed policy meeting. Thursday’s Mexican Q2 GDP release may well decide the near-term future for USD/MXN.

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Japanese Yen Forecast: USD/JPY Biased Lower as Rallies are Capped

Japanese Yen anchored at 105.00 ahead of FOMC. Rallies in USD/JPY likely to meet resistance.

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Crude Oil Prices May Fall if the Fed Dithers on Stimulus Boost

Crude oil prices may fall if the Fed FOMC committee dithers on signaling a further stimulus boost, souring sentiment market-wide. Gold prices may likewise weaken.

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EUR/USD Price Eyes September 2018 High, FOMC and Eurozone Q2 GDP on The Horizon

The ongoing US dollar weakness, coupled with the EU recovery fund agreement, continues to push EUR/USD back to highs seen nearly two years ago, however major risk events near.

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Hang Seng Unmoved as Hong Kong Recession Eases

Hong Kong Recession Eases, However, Challenges Remain as US-China Tensions Escalate.

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British Pound (GBP) Latest: GBP/USD Taking Aim at 1.30 Level

GBP/USD looks to be heading up to the 1.30 level and perhaps even the March highs once Wednesday’s Fed decision is out of the way.

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US Dollar Outlook: Long-Term USD Trends in Focus Ahead of FOMC

The US Dollar could be poised for further losses after breaking through 6-year trend support, as focus turns to the FOMC interest rate decision.

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Tuesday, 28 July 2020

Hang Seng Index Rebounds, Silver Consolidates. Crude Oil May Fall

Hong Kong’s benchmark stock index, the Hang Seng, climbed alongside the mainland A-shares, led by brokerage firms. Silver, gold and crude oil entered consolidation.

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EUR/USD Rate Eyes September 2018 High as RSI Sits in Overbought Zone

Current market conditions may keep EUR/USD afloat as the Relative Strength Index (RSI) sits in overbought territory.

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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...