Monday, 17 August 2020

Gold Re-attempts $2000, DAX 30 and Hang Seng Set to Move Higher

Gold prices surged 2% in an attempt to re-claim the $2,000 territory as the USD fell. Dax 30 and Hang Seng Index set to open higher following a quiet US session.

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NZD/USD Vulnerable Following RBNZ as RSI Establishes Downward Trend

NZD/USD may exhibit a more bearish behavior over the coming days as the Relative Strength Index (RSI) establishes a downward trend in August.

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Australian Dollar Eyes RBA Minutes as Sino-US Tensions Flare Up

The Australian Dollar will be closely watching the release of the RBA meeting minutes as US-China tensions continue to rise over a plethora of policy issues.

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Australian Dollar Technical Forecast: AUD/USD, AUD/NZD, AUD/JPY

The Australian Dollar reiterates its bullish trend against its US Dollar and New Zealand Dollar peers as AUD/USD and AUD/NZD extend higher, which may carry over to AUD/JPY if volatility stays suppr...

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Nasdaq 100 Forecast: Index Crawls Higher as Gains Slow at Record Levels

The Nasdaq 100 began the week on a positive note yet again as the tech-heavy index crawled deeper into uncharted territory. Although gains have slowed, bulls seem to maintain control.

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Central Bank Watch: BOE, ECB & Fed Rate Expectations; EUR/USD, GBP/USD, USD/JPY Positioning Update

The European Central Bank is already operating in negative interest rate territory, will either the Bank of England or the Federal Reserve join?

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Gold Price Forecast: XAU/USD Rebounds, Will the Bull Case Continue?

Gold has been a hot commodity in the year-to-date, surging in the wake of the coronavirus pandemic. A recent price pullback sparked concern, but many of the underlying tailwinds remain.

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US Dollar on Defense as Treasury Yields Retreat – USD Levels to Watch

US Dollar weakening has resumed as the DXY Index slides back toward two-year lows while USD price action whipsaws with ten-year Treasury yields snapping below 70-basis points.

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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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GBP/USD, FTSE 100 and GBP/NZD Outlooks - UK Weekly Webinar

The latest EU/UK trade talks, FOMC minutes and flash PMIs are the highlights of an otherwise quiet economic calendar.

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Markets Week Ahead: Gold, Dow Jones, US Dollar, Fed and ECB Minutes, Earnings

Gold prices tumbled as the Dow Jones rose on rising confidence in the global economic outlook, leaving the US Dollar under pressure still. With US-China trade talks postponed, all eyes turn to US r...

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USD/JPY Outlook: Record Decline in Japanese GDP, Key USDJPY levels

USD/JPY has traded slightly lower after the Japanese economy experienced the worst decline in quarterly GDP on record. Short-term uptrend remains for now

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British Pound (GBP) Latest: EU/UK Trade Talks Resume, GBP/USD Hints at a Positive Breakout

The EU/UK trade talks continue in Brussels this week against a marginally positive backdrop. Sterling is pushing higher and GBP/USD is nearing a multi-month high.

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Crude Oil Prices Hold Up Despite OPEC+ Output Rise, Demand Drop

Crude oil prices have managed to hold up despite the unwinding of OPEC+ output curbs and a demand outlook darkened by the Covid-19 pandemic.

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USD/CAD Rates May Wilt on Canadian Inflation and Retail Sales Data

The USD/CAD exchange rate may extend recent declines should upcoming Canadian inflation and retail sales data exceed consensus estimates.

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Sunday, 16 August 2020

Gold Price Levels to Watch as Rebound from August Low Unravels

The price of gold may continue to search for support over the coming days as the rebound from the monthly low ($1863) unravels.

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EUR/USD Rate Approaches 2020 High as RSI Retains Upward Trend

Current market conditions may keep EUR/USD afloat as the Relative Strength Index (RSI) continues to track the upward trend established in March.

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US Dollar Fundamental Outlook: USD/IDR, USD/PHP, USD/SGD, USD/MYR

The US Dollar traded lower against most ASEAN currencies last week. The IDR and PHP are eyeing the Indonesian and Philippine central bank with US-China trade talks postponed.

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Nasdaq Leads Nikkei 225 and ASX 200 Lower, US-China Talks Postponed

Japan’s Nikkei 225 and Australia’s ASX 200 stock indices look uneasy following a soft US session. Market sentiment is weighed by the delay of the US-China trade review.

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Japanese Yen Price Outlook: EUR/JPY, AUD/JPY Levels to Watch

The Japanese Yen may extend recent declines after breaching key chart support. AUD/JPY eyeing fresh yearly highs, EUR/JPY stalling ahead of key resistance.

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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...