The US Dollar gained against the Euro and Australian Dollar as FOMC minutes dented risk appetite this past week. Ahead, all eyes are on the Fed’s annual Economic Policy Symposium and the RNC for ca...
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Sunday, 23 August 2020
US Dollar Decline May Accelerate After Jackson Hole Symposium
Selling pressure in the US Dollar may swell if commentary from officials at the highly-watched Jackson Hole symposium discount haven-linked assets and amplify risk appetite.
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Saturday, 22 August 2020
GBP/USD Weekly Forecast: A Bumpy Road for GBP/USD
UK-EU trade talks remain at an impasse. Chair Powell Jackson Hole speech the main focus.
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Japanese Yen Outlook: Seasonal Volatility May Fuel JPY Recovery
The Japanese Yen may stage a short-term recovery in the coming weeks if escalating geopolitical tensions stoke a resurgence of market volatility.
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Friday, 21 August 2020
Nasdaq 100, Dow Jones & DAX 30 Forecasts for the Week Ahead
Big technology names like Apple and Amazon continue to drag the Nasdaq 100 higher while bolstering the Dow Jones, but equity strength is very targeted. Still, summer conditions may ward off volatil...
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Euro Forecast: EUR/USD Rally Fading, Will European PMIs Rekindle Bulls?
The Euro’s rally versus its major peers has been fading since the EU Summit deal.Attention is turning to next month’s ECB meeting. Will rosy European PMIs rekindle EUR/USD’s rise?
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Gold Price Outlook Hinges on Federal Reserve Economic Symposium
Current market conditions may keep the price of gold afloat as the FOMC appears to be on track to retain the current policy at the next rate decision on September 16.
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US Dollar Outlook: EUR/USD Price Spikes Lower on PMI Data
EUR/USD price action plunges to session lows in response to August 2020 IHS Markit PMI data that just crossed the wires, which detailed US economic activity outpacing Eurozone economic growth.
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USD, EUR/USD & More: Charts for Next Week
The USD is in recovery mode at the moment, but will that be all it is? Charts and levels to watch as a new week arrives...
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USD/JPY Outlook: USDJPY Bulls Look to PMI Data to Stem the Tide
The dollar is trading weaker against the Yen through the Asia -Europe crossover after better than expected Japanese Flash PMI data. US PMI scheduled for later today.
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British Pound (GBP) Latest: UK PMIs Beat Expectations Underpinning Recent Sterling Strength
Sterling remains either side of 1.3200 against the US dollar after much better-than-expected PMI data but the UK is ‘not out of the woods yet’.
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Euro Latest: EUR/USD Dives on Weak PMI, EU Recovery Optimism Questioned
The Euro weakens on EZ PMI’s providing caution for over optimism regarding the EU recovery.
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EU Stoxx 50 Index May Fall On Disappointing Manufacturing PMI Data
The EU Stoxx 50 index is at risk of extended declines as investors' eye the Euro-zone’s preliminary manufacturing PMI release for August.
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Thursday, 20 August 2020
Philippine Peso, Indonesia Rupiah May Rise as USD Sinks on Capital Flows
The Philippine Peso and Indonesian Rupiah may climb versus the US Dollar after rates were left unchanged amid an improving outlook. Capital continues flowing into emerging markets.
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Dow Jones Struggles to Hold Gains. Nikkei 225, Hang Seng May Rebound
The Dow Jones Industrial Average had a V-shaped rebound on Thursday and closed marginally higher. Japan’s Nikkei 225 and Hong Kong’s Hang Seng may rise today.
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AUD/USD Outlook: 2019 High Remains on Radar After RBA & FOMC Minutes
The 2019 high (0.7295) remains on the radar for AUD/USD as it retrace the decline following the FOMC Minutes, while the crowding behavior in the US Dollar persists.
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Crude Oil May Rise on Renewed US-Iran Tensions Ahead of 2020 Election
Crude oil prices may get a tailwind from revived US-Iran tensions. The upcoming RNC and speeches by President Donald Trump on foreign policy may reinforce political premonitions and amplify this dy...
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Australian Dollar Forecast: Is AUD/USD in Danger as Risk Appetite Wanes?
The Australian Dollar has staged a remarkable recovery from its covid-crash lows and has extended beyond February levels in many pairs. Still, the Australian Dollar is not impervious to changes in ...
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DAX 30, FTSE 100 & CAC 40 Forecasts for the Week Ahead
Risk appetite has wavered in the second half of the week, but losses are modest and volatility remains muted. If bearish breaks do occur, will they possess any follow-through?
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EUR/GBP Price Analysis: Euro subdued ahead of ECB Minutes
EUR/GBP has shown minimal price action of late but will the ECB provide the much needed catalyst in today's meeting?
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Posts (Atom)
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....