AUD/USD stalling, AUD/NZD makes key topside break on diverging monetary policy.
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Friday, 14 August 2020
Euro Dollar Forecast: EUR/USD Price Action Awaits US Retail Figures
EUR/USD Tests Key Resistance Level Amid Retail Sales Data
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British Pound Latest - Lockdown Measures Unwound, Brexit Common Ground, GBP/USD Bolstered
The UK government announced Thursday that lockdown measures will be unwound further this weekend in the next step to fully re-opening the economy.
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USD/JPY Rate May Fall on Disappointing US Retail Sales Data
The USD/JPY exchange rate at risk of a near-term pull back should US retail sales for July disappoint market participants.
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Thursday, 13 August 2020
Crude Oil Prices Brace for Impact with US-Iran Tensions Brewing
Crude oil prices may rise if renewed US-Iran tensions stoke supply-disruptions fears – but will that be enough to sustainably offset OPEC disengagement and push Brent higher?
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Australian Dollar Outlook Eyes S&P 500, Retail Sales After Chinese Data
The Australian Dollar is eyeing how the S&P 500 reacts to US retail sales after Chinese equivalent ones were released. Beyond that, AUD/USD could be at risk to US-China trade talks.
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Dow Jones Hits Key Resistance, Nikkei 225 Clears its Own. Dax 30 Ranges
The Dow Jones Industrial Average tested a key resistance at 28,000 but failed to break through. Germany’s Dax fell 0.5% to just below 13,000.
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AUD Cautiously Eyes Chinese Data Ahead of Sino-US Trade Talks
The Australian Dollar will be anxiously waiting for the release of Chinese economic data, but its excitement may be curbed by traders looking to upcoming Sino-US trade talks.
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USD/JPY Price Analysis: Dollar-Yen Shorts Surge, Yields Eyed
The US Dollar has climbed against its Japanese Yen peer over the last few trading sessions with spot USD/JPY rates rising more than 100-pips month-to-date, but some FX traders expect a reversal.
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Canadian Dollar Forecast: USD/CAD Slips, NZD/CAD Threatens Breakdown
The Canadian Dollar has been on a tear this week, staging rallies against the US Dollar and the New Zealand Dollar alike. Will critical breakdowns allow losses to accelerate?
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US Dollar Forecast: USD Price Action Rangebound – Levels to Watch
USD price action is whipsawing again and keeping the broader US Dollar relatively rangebound as the DXY Index bounces back and forth between two critical technical barriers. What's next for the USD?
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Mexican Peso: USDMXN Ticks Higher on Banxico Rate Cut
The Bank of Mexico cut its benchmark interest rate by 50-basis points on Thursday sending USD/MXN higher following a strong month for the Mexican Peso versus the US Dollar
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S&P 500, Nasdaq Price Forecast: SPY, QQQ Inch Towards All-Time-Highs
US stocks continue to defy gravity, pushing towards fresh all-time-highs in both the S&P 500 and the Nasdaq 100.
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British Pound Price Forecast: Cable Bounces, GBP/JPY to 140
It's been a week of strength in both GBP/USD and GBP/JPY, even with the record drop in UK GDP that was released yesterday.
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US Dollar Slides Lower - GBPUSD and EURUSD Outlooks
The US dollar (DXY) is pointing lower again and is within striking distance of a fresh 27-month low, underpinning both EUR/USD and GBP/USD.
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USD/ZAR Latest: Global Factors Dictating the South African Rand
With the USD/ZAR consolidating, it is only a matter of time before the pair receives the required fundamental catalyst to give traders directional bias
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New Zealand Dollar Forecast: NZD/USD, NZD/CAD Pressured by RBNZ Doves
NZD continues underperform as RBNZ doves maintain pressure on the currency.
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Gold Prices May Resume Selloff After Digesting Largest Drop in 7 Years
Gold prices might face renewed selling pressure after pausing to digest the biggest one-day drop in over seven years. Crude oil prices appear vulnerable as well.
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EU Stoxx 50 Index May Slide Lower on Disappointing GDP, Employment Data
The EU Stoxx 50 index is at risk of a near-term pull back ahead of the Euro-area’s upcoming second-quarter GDP release.
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Wednesday, 12 August 2020
Crude Oil Prices Brace for Impact with US-Iran Tensions Brewing
Crude oil prices may rise if renewed US-Iran tensions stoke supply-disruptions fears – but will that be enough to sustainably offset OPEC disengagement and push Brent higher?
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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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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....