Thursday, 30 July 2020

EUR/GBP Outlook: EURGBP Declines after Disappointing German GDP Data

The high flying Euro weakened today after the German economy recorded the sharpest decline ever recorded. EURGBP moving towards trendline support.

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US Dollar Relief Bounce Fades After 2Q GDP Collapse Reported

The US Dollar is trying to stage a relief bounce headed into month-end, but USD price action has started to drift back lower following a historic collapse in GDP growth just reported for 2Q-2020.

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Gold Prices May Struggle as the Fed Moves to Wait-and-See Mode

Gold prices may struggle as the Federal Reserve signals it has moved to wait-and-see mode, opening the door to profit-taking after a blistering advance.

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US Dollar Faces Major Level After FOMC, Time for a Reversal?

FOMC meeting in line with expectations, emphasises pace of recovery for policy decision. US Dollar faces major level.

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German Quarterly GDP Falls at The Fastest Rate in 50 Years, EUR/USD Little Changed

The German economy contracted by just over 10% in the second quarter according to preliminary data released this morning, missing already pessimistic forecasts.

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British Pound (GBP) Latest: GBP/USD Struggling to Break Above 1.30

GBP/USD looks to be consolidating after its recent gains, with resistance at 1.30 holding it back ahead of a potential break above that level towards the March high at 1.32.

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Russell 2000, US Stocks May Rise Despite Dismal Q2 GDP Data

The Russell 2000 small-cap stock index looks poised to rise despite US GDP expected to contract the most since 1947, as the FOMC maintains dovish forward guidance policy.

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Wednesday, 29 July 2020

USD/CAD Rates to Watch with US GDP Report on Tap

USD/CAD tags a fresh monthly low (1.3330) ahead of the update to the US GDP report, with the March/June low (1.3315) on the radar.

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EUR/USD, AUD/USD, GBP/USD Analysis. US Dollar At a Turning Point?

The US Dollar may be at a turning point versus the Euro, Australian Dollar and British Pound following the FOMC rate decision and outlook by Fed Chairman Jerome Powell.

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Nikkei 225 Fluctuates With ASX 200 after Fed Sends Dovish Messages

Japan’s Nikkei 225 and Australia’s ASX 200 stock indices rose modestly after the FOMC meeting signaled more stimulus is ahead during the Wall Street session.

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Japanese Yen Time Cycle: Implications for AUD/JPY and EUR/JPY Rates

The Japanese Yen may fall against its major counterparts as it enters the second-half of an 8-year cycle. AUD/JPY, EUR/JPY rates eye push to fresh yearly highs.

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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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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...