Wednesday, 5 August 2020

Global Risk Events for August - BoE, RBNZ, Fed Jackson Hole Symposium in Focus

Throughout August, key risk events will come in the form of the BoE, RBNZ rate decision. Alongside the Fed’s Jackson Hole Symposium.

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Crude Oil Prices Up with Gold and Stocks as US Dollar Drops, EIA Eyed

Crude oil prices rose as alongside US stock markets and gold while the US Dollar traded sharply lower. S&P 500 futures hint these moves may extend. EIA inventory data is due.

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Gold Soars to a Fresh All-Time High, Silver at its Best Level in Seven-Years

Gold and silver continue to rally hard, fueled by persistent US dollar weakness, negative real yields and the haven-status of the precious metals space.

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British Pound (GBP) Latest: FTSE 100 Heading Higher, GBP/USD Flat

The FTSE 100 index of the major London-listed stocks is gaining some upward momentum and could rise further as traders shrug off concerns about the cost of pandemic relief programs.

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DAX 30 Index Hampered by Covid-19 Concerns As German Bunds Eye Fresh Highs

Germany’s DAX 30 stock index may slide lower on ‘second wave’ Covid-19 fears as haven-associated German Bunds eye fresh monthly highs.

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Tuesday, 4 August 2020

EUR/USD Outlook: Rates to Watch as RSI Holds in Overbought Zone

The persistent reading above 70 in the RSI is indicative of a further appreciation in EUR/USD like the behavior seen in June.

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Copper Price Outlook: Pullback on the Cards as US-China Trade Tensions Escalate

Copper prices seem to have stalled just shy of key chart resistance as geopolitical tensions weigh on the global-growth proxy.

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Hang Seng Index May Break Key Resistance, China A50 Awaits PMI

The Hang Seng index rebounded 2% on Tuesday, challenging a key resistance at 25,000. The China A50 index edged higher following an upbeat US session.

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Gold Price Blasts Through $2000 to Mark Fresh Record High

The price of gold blasts through the psychologically important $2000 mark to tag a fresh record high ($2026).

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New Zealand Dollar Rallies on Stellar Jobs Data, AUD/NZD to Reverse?

The New Zealand Dollar extended its rally after a bright day on Wall Street after release of better-than-expected local jobs data. Will AUD/NZD again retreat from 5-year resistance?

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How China-ASEAN Relations Impact SGD, IDR, MYR, PHP

Learn about the ASEAN-China relationship and how to trade ASEAN currencies like the Singapore Dollar, Indonesian Rupiah, Philippine Peso and Malaysian Ringgit using the Core-Perimeter model.

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S&P 500 Price Outlook: VIX Drifts Sideways as Stocks Sputter

Looking beyond stellar big tech earnings, the S&P 500 Index has changed little over the last two weeks as stocks lose upward momentum and the VIX ‘fear-gauge’ stays supported amid stimulus talks st...

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AUD/USD Forecast: AUD/USD Clings to Trendline with Bearish Sentiment

Bulls maintain control in AUD/USD, but can they break through Fibonacci resistance?

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GBP Price Outlook: Pound Sterling Eyes PMIs & BoE Inflation

The Pound Sterling could be ripe for volatility later this week in light of the upcoming revision date to Markit PMI data and a highly-anticipated Bank of England monetary policy update on deck.

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GBP/USD, USD Index Charts and More

Cable is up against confluent resistance, in need of a break while the DXY may recover or move sideways for a bit to work off oversold, overly bearish conditions.

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How to Trade the Euro, NOK and SEK Using the Core-Perimeter Model

A macro forex trading guide exploring how to trade the Euro vs the Swedish Krona and Norwegian Krone through the prism of the Core-Perimeter model

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USD/JPY Price Analysis: Japanese Yen at Key Juncture, USD Rebound

The Japanese Yen has surrendered recent gains since breaking below the key 106.00 support level

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GBP/USD Cracks 1.30 on USD Demand, Volatility Lurking in USD/TRY - US Market Open

Focus remains on US fiscal stimulus talks. However, volatility is lurking in the Emerging Market space

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Market Sentiment: USD, Stocks, Gold Price Wait for US Aid Deal | Webinar

Traders remain broadly confident about the markets but the next big move will probably not come until the White House and Congress agree, or fail to agree, on an aid package for the US economy.

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US Dollar (DXY) Struggles to Push Higher After Multi-Month Sell-Off Sets the Tone

The US dollar remains just off its recent 26-month low and will likely wait for Friday’s US Labor Report before the greenback decides on its next move.

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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...