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Tuesday, 11 August 2020

Nasdaq Drops as Tech Rotates Out of Favor, Nikkei 225 Tests Resistance

The Nasdaq retraced as capital rotated out from technology to cyclical sectors. Japan’s Nikkei 225 index challenged a key resistance at 22,900. Gold prices tumbled.

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New Zealand Dollar Plunges As RBNZ Boosts Large-Scale Asset Purchase Program

The New Zealand Dollar tumbled after the RBNZ expanded its asset purchasing program and flagged the potential implementation of negative interest rates.

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NZD/USD May Rise on RBNZ Rate Decision. Tech Stocks Extended Losses

New Zealand Dollar traders will be anxiously waiting for the RBNZ rate decision following a gloomy session in Wall Street trade. Technology stocks led in losses – why are they retreating?

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Dow Jones, Nasdaq 100, S&P 500 Forecast: Stocks Slip As Biden Announces VP

US equities forfeited earlier gains to close at the lows moments before Presidential candidate Joe Biden announced California Senator Kamala Harris as his Vice President pick. Will stocks fall furt...

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New Zealand Dollar Forecast: Kiwi in Focus as RBNZ Decision Looms

NZD price action could steal the limelight on Wednesday as volatility spikes with an RBNZ interest rate decision due for release at 02:00 GMT. Here are levels to watch for the New Zealand Dollar.

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Australian Dollar Price Forecast: AUD/USD Threatens Reversal

It's been a strong outing for the Aussie since fresh lows in March, but might that bullish run be nearing its end?

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Euro Price Outlook: EUR/USD Builds Range – Chart Levels Eyed

EUR/USD price action has drifted sideways over the last few trading sessions as Euro strength putters out and helps the US Dollar claw back recent losses. Where is EUR/USD headed next?

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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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Central Bank Watch: BOC, RBA, & RBNZ Rate Expectations; AUD, CAD, & NZD Positioning

Even as global growth appears to be getting back on track, central banks are in no hurry to raise interest rates.

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Mexican Peso Outlook at the Mercy of US Economic Trends

Understanding the US-Mexico relationship and how the ebb and flow of economic activity in the former impacts the latter is crucial for trading USD/MXN.

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GBP/USD, AUD/JPY & More: Charts and Technical Outlook

GBP/USD is holding up nicely around big resistance while AUD/JPY builds bullish-looking pattern; charts and potential paths for these two and other pairs/markets.

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Gold Losing Shine on Rising US Rates, NZD/USD Volatility Soars - US Market Open

NZD volatility gauge surges ahead of RBNZ meeting, while Gold corrects lower as US rates surge.

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NZD/USD Outlook: Can Bulls Maintain Control Ahead of RBNZ Decision?

Fibonacci resistance holds strong ahead of RBNZ decision

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British Pound (GBP) Latest: GBP/USD Shrugs Off UK Employment Data, Focus Now on Q2 GDP

The latest UK employment release has barely moved Sterling with Wednesday's Q2 GDP data a more accurate barometer of the state of the UK economy.

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Gold Prices Sink as Inflation Expectations Drop and US Dollar Gains

Gold prices are on pace to suffer their largest three-day drop since late March as cooling inflation expectations undermine the metal’s store-of-value appeal.

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USD Index Forecast: Bear Flag Pattern Emerges Amid US Stimulus Talks

The US Dollar appears poised to resume its decline from the March high, carving out a Bear Flag continuation pattern just below key chart resistance.

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