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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Tuesday, 18 August 2020
VIX ‘Fear-Gauge’ Lifeless as S&P 500 Index Price Hits New Record
The VIX ‘fear-gauge’ is floundering with the S&P 500 Index closing at its all-time record high set in February prior to the onset of the coronavirus pandemic, but can stocks keep pressing higher?
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Japanese Yen Forecast: USD/JPY, CAD/JPY, AUD/JPY
The Japanese Yen has witnessed some dramatic price swings across a variety of pairs in recent weeks, but few of the longer-term trends have changed. Here are the levels that could see price moves a...
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Crude Oil Price Outlook Buoyed by Falling Volatility; PMIs Eyed
Crude oil price action could keep edging higher as risk appetite flourishes while market volatility bleeds lower, but upcoming Markit PMI readings might hint at a stalling economic recovery.
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US Dollar Bear Flag Breakout Begins - Key Levels for DXY Index
The US Dollar (via the DXY Index) has fallen to fresh yearly lows after consolidating for the first half of August.
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Euro, Pound & More: Charts and Technical Outlook
The EUR and GBP are trading against the top of recent ranges versus the USD; breakout or range some more?
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Bitcoin (BTC) Consolidating Before the Next Leg Higher or Running Out of Steam?
Bitcoin is nudging lower in early turnover after rallying in excess of $1,000 in the last week. If support holds then Bitcoin may look at highs seen in June last year.
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EUR/USD Latest: Fundamental and Political Drivers in the Spotlight
EUR/USD traders have their eyes set on upcoming fundamental factors for long-term directional bias while the short-term favors bulls. How long can the rally last?
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Gold and Silver Prices Push Higher as US Real Yields Turn Lower
Gold and silver are rallying hard and continue to pull-back last week’s sharp sell-off and their rallies may continue if US real yields slide further into negative territory.
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Crude Oil Prices May Track Stocks on Walmart, Home Depot Earnings
Crude oil prices may track stock markets as earnings guidance from retail giants Walmart and Home Depot shape the outlook on global economic growth.
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Japanese Yen Forecast: USD/JPY, NZD/JPY CHF/JPY Reversal
Japanese Yen paying close attention to US yields. NZD/JPY maintains seasonal pattern. CHF/JPY reversal?
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GBP/USD Rates Outlook Hinges on Upcoming Brexit Negotiations
The GBP/USD exchange rate’s outlook may hinge on upcoming Brexit negotiations as EU and UK officials attempt to deliver a free-trade deal before the flagged October deadline.
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Monday, 17 August 2020
USD/CAD Eyes January Low Even Though Canada Finance Minister Resigns
USD/CAD trades to a fresh monthly low (1.3185) even though Canada Finance Minister Bill Morneau resigns and steps down as a member of parliament.
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US Dollar May Rise on US-China Trade War Risks, F-16 Jet Sale to Taiwan
The US Dollar may find itself in a favorable light if tension between the US and China over arms sales to Taiwan and delayed trade talks put a premium on haven-linked currencies.
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Silver Price Outlook: Bull Flag Pattern Emerges Amid Rebounding Bond Yields
Silver prices may be gearing up for another surge higher, carving out a Bull Flag continuation pattern just shy of key chart resistance .
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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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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 ...