Stocks jumped higher to start the week but remain locked within their broader technical patterns. Nevertheless, the FTSE 100 and CAC 40 have taken aim at resistance.
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Monday, 24 August 2020
Crude Oil Price Bulls Eye Resistance as VIX ‘Fear-Gauge’ Falls
Crude oil price action has edged steadily higher over the last three consecutive weeks. The commodity remains buoyed by upbeat trader sentiment amid the absence of volatility, but will it last?
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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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Markets Week Ahead: US Dollar, Euro, AUD/USD, S&P 500, Fed Symposium, RNC
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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XAG/USD Forecast: Dollar Strength Brings Silver to its Knees
Silver slides into key area of support as USD strengthens
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British Pound (GBP) Latest: A Subdued Start to the Week, US Dollar Drivers will Steer GBP/USD
Sterling opens the week around 1.3100 against the US dollar and may find further upside a struggle with little UK economic data this week to drive GBP-pairs.
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Crude Oil Prices May Rise But Trump, Powell Speeches May Cap Gains
Crude oil prices seem to be supported by an upswell in market-wide risk appetite but pivotal speeches from Donald Trump and Jerome Powell may emerge as headwinds.
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Germany's DAX 30 Index May Stumble Amid Climbing Coronavirus Infections
Germany’s benchmark DAX 30 index may fall ahead of German second-quarter GDP amid growing Covid-19 ‘second wave’ concerns in Europe’s largest economy.
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Sunday, 23 August 2020
Gold Price Analysis: Continuation Pattern Appears Ahead of September
The price of gold appears to be stuck in a continuation pattern after marking the longest stretch of gains (nine consecutive weeks) since 2006.
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British Pound at Risk on Brexit Gridlock, Jackson Hole Symposium in Focus
The British Pound may face heightened selling pressure as Brexit talks yield no results. The US Dollar’s advance may accelerate after the Jackson Hole symposium but pause on the RNC.
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US Dollar Fundamental Forecast: USD/SGD, USD/PHP, USD/IDR, USD/MYR
The Singapore Dollar and Malaysian Ringgit may look past local data, eyeing theFed’s Economic Policy Symposium and RNC. Will the Philippine Peso and Indonesian Rupiah rise?
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EUR/USD Analysis: RSI Establishes Down Trend Ahead of Fed Symposium
Recent developments in the Relative Strength Index (RSI) warn of a potential shift in EUR/USD behavior as the indicator establishes a downward trend in August.
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Nasdaq Breaks Fresh Record. Hang Seng and ASX 200 to Open Mixed
The Nasdaq Composite climbed 0.42% to a record high of 11,311, sending the major Asia-Pacific stock indices higher. However, 72% of the S&P 500 components ended lower.
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Australian Dollar Time Cycle: AUD/USD Rates Poised to Push Higher
The Australian Dollar may extend its recent 5-month surge against its US counterpart as time-cycle analysis suggests a bullish 8-year rotation is afoot.
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US Dollar Selling Streak May Pause if RNC Sparks Haven Demand
The US Dollar may get a tailwind from the Republican National Convention and President Donald Trump if commentary there inspires a flight to haven-linked assets.
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Markets Week Ahead: US Dollar, Euro, AUD/USD, S&P 500, Fed Symposium, RNC
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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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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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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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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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 -...