The S&P 500 index is set to challenge a key resistance at 3,360 – the 200% Fibonacci extension level. The Hang Seng Index looks for support at around 24,400.
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Monday, 10 August 2020
USD/CAD Rate Rebound Undermined by Crowding Behavior in US Dollar
Current market conditions may keep USD/CAD under pressure as the crowding behavior in the US Dollar persists.
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AUD/NZD Broke Half-Decade Ceiling. Tech Stocks Retreat on Sino-US Risks
AUD/NZD has crossed a key technical threshold after being rejected by descending resistance for five years. Technology stocks continue to suffer amid growing US-China tension.
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Dow Jones & DAX 30 Forecasts: Lagging Industrials Stymie Gains
The Dow Jones and DAX 30 continue to lag the tech-heavy Nasdaq 100 as their greater exposure to industrial sectors looks to keep a lid on explosive gains.
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Gold Price Forecast Bright & Volatile as USD, Real Yields Swing
Gold price performance has garnered quite a bit of market attention over recent weeks as the precious metal hits new all-time highs thanks to a parabolic rally fueled by falling real yields and US ...
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Dollar vs Mexican Peso Price Outlook: USD/MXN Range Breakout Imminent
Mexican Peso has carved the August opening-range just below trend resistance- breakout to offer guidance. Here are the levels that matter on USD/MXN technical charts.
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Markets in Limbo as Volatility Gyrates: VIX, EVZ, VXEEM, OVX
Gauges of cross-asset volatility like the VIX, EVZ, VXEEM, and OVX have tumbled lower as appetite for risk prevails, but building uncertainty around fiscal stimulus and trade tension hangs over mar...
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FTSE 100 Forecast for the Week Ahead: Key Data Due as Momentum Fades
The FTSE 100 will await key data from the United Kingdom as bullish momentum has begun to fade over the last few weeks. Can a strong showing revive risk appetite?
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US Dollar Consolidates Below Critical Support - Key Levels for DXY Index
The US Dollar (via the DXY Index) has fallen below uptrend support in place since 2011.
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Canadian Dollar Price Outlook: USD/CAD Tests TL Resistance
USD/CAD has put in a resistance check, but can the pair break through short-term support?
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Weekly Crude Oil Technical Forecast: Tedious Trading Continues
Crude oil prices have been rather quiet in recent weeks, with the four-week ATR falling to its lowest level since the last week of December.
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Markets Week Ahead: US Dollar, Gold , Nasdaq 100, US-China Woes. Stimulus?
The US Dollar rose as the Nasdaq 100 and gold prices fell on Friday following escalating US-China tensions and a stalemate in fiscal stimulus talks. Could these important fundamental forces set the...
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Gold Price Steadies After Friday's Sell-Off, Silver's Volatility Remains Elevated
Gold and silver continue to regroup after Friday’s sharp sell-off as familiar themes battle to take control of short-term price action.
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British Pound (GBP) Latest: GBP/USD Nudges Higher, FTSE 100 Picks-Up as President Trump Takes Action
The British Pound is registering small opening gains and the FTSE 100 is nudging higher after US President Trump announced new COVID-19 aid measures.
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British Pound Outlook: GBP/USD, GBP/JPY at Risk Ahead of UK Jobs Data
The British Pound may fall on disappointing UK employment data as investors look ahead to the end of the government’s furlough scheme in October.
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Crude Oil Prices Eye US Congress for Direction Amid Fiscal Deadlock
Crude oil prices look for direction in ongoing negotiations in the US Congress about a new round of fiscal stimulus to counter Covid-19 malaise.
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Sunday, 9 August 2020
EUR/USD Rate Forecast: RSI Indicator Shows Textbook Sell Signal
The Relative Strength Index (RSI) shows a textbook sell-signal for the EUR/USD exchange rate as the indicator falls back from overbought territory and slips below 70.
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US Dollar Comeback Ahead? US-China Tensions Push Havens Higher
The US Dollar may rise on haven demand as US-China tension grows over technology and intra-governmental friction afterTrump’s executive orders on coronavirus relief aid.
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NZD/USD Outlook Hinges on RBNZ Amid Failure to Test January High
NZD/USD appears to be stuck in a narrow range ahead of the Reserve Bank of New Zealand (RBNZ) rate decision amid the failed attempts to test the January high (0.6733).
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Gold Price Outlook: Pullback On The Cards Amid Escalating US-China Tensions
Gold prices may slide lower as RSI divergence hints at uptrend exhaustion and US-China tensions buoy the haven-associated US Dollar.
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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...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...
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British Pound (GBP) Latest: GBP/USD Nudges Higher, FTSE 100 Picks-Up as President Trump Takes ActionThe British Pound is registering small opening gains and the FTSE 100 is nudging higher after US President Trump announced new COVID-19 aid ...