NZD/USD may continue to consolidate ahead of the Federal Reserve Economic Symposium as the RSI looks to negate the downward trend established earlier this month.
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Tuesday, 25 August 2020
AUD/USD Eyes Day 2 of RNC with 69 Days Until US Presidential Election
With the general election less than 70 days away, AUD/USD continues to trade below a key inflection range ahead of day 2 of the Republican National Convention.
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Fed Symposium Preview: Jackson Hole to Fuel Market Volatility
US Dollar, Dow Jones and gold price volatility could accelerate later this week due to high-impact event risk surrounding an economic policy symposium hosted by the Federal Reserve at Jackson Hole.
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Dow Jones Forecast: Apple Stock Split Prompts Major DJIA Changes
An Apple stock split set to take place on August 31 has sparked a shake-up in the Dow Jones Industrial Average as three stocks are set to turnover.
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US Dollar Price Forecast: Did USD Bears Just Capitulate?
It’s been a rough Q3 so far for the USD. But, for much of August that bearish move has appeared to begin stalling. Can it actually reverse?
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Euro Forecast: Churning Through Resistance, Breakouts Loom - Levels for EUR/JPY & EUR/USD
The Euro has been able to sustain its gains versus the Japanese Yen and US Dollar, setting up the currency for potential gains into the end of the summer.
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SA Rand Price Action Setups: USD/ZAR, GBP/ZAR and EUR/ZAR
Rand strength prevalent across USD, GBP and EUR pairs but how far can risk on sentiment carry the ZAR?
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US Dollar (DXY) Price Outlook - A Pivotal Few Days Ahead for the US Dollar
There are a few important data releases and events over the rest of this week that will decide the short- and medium-term outlook for the US dollar.
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British Pound Latest (GBP) - GBP/USD Rallies Capped, GBP/JPY Holds Range
GBP/USD rallies capped as the US Dollar shows signs of life, while GBP/JPY maintains recent range.
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Gold Prices at Risk as Markets Brace for Powell Jackson Hole Speech
Gold prices are menacing the bounds of a five-month uptrend as markets brace a speech from Fed Chair Jerome Powell at a virtual Jackson Hole symposium.
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EUR/USD Rates May Rise Ahead of Jackson Hole Economic Symposium
The EUR/USD exchange rate may rise as it carves out a Bull Flag continuation pattern ahead of the Federal Reserve’s Economic Symposium in Jackson Hole
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Monday, 24 August 2020
USD/CAD Rate Trades in Defined Price Range Ahead of September
The recent rebound in USD/CAD may prove to be an exhaustion in the bearish behavior rather than a change in trend as key market themes look poised to persist in September.
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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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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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New Zealand Dollar Outlook: AUD/NZD, NZD/USD, NZD/JPY Levels to Watch
The New Zealand Dollar may extend declines as NZD/JPY and NZD/USD rates eye fresh monthly lows. AUD/NZD carving out possible Bull Flag continuation pattern.
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AUD/USD Pullback From 2020 High Fizzles as Fed Balance Sheet Widens
The Australian Dollar may continue to outperform its US counterpart as the Federal Reserve’s balance sheet climbs back above $7 trillion in August.
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US Dollar Rebound May Extend into Day 2 of RNC. Pompeo to Speak
The US Dollar may continue to rise heading into the second day of the Republican National Convention where Secretary of State Mike Pompeo is scheduled to speak.
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S&P 500 Price Outlook: Apple Leads Index to New Highs With Confidence
The S&P 500 surged to fresh record levels Monday, extending beyond pre-covid levels. While recent price action has been rather timid, Apple remains an outlier.
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USD Price Outlook: Dollar Pivots Higher Ahead of Fed Symposium
USD price action has gained about 1.25% since the US Dollar Index hit two-year lows earlier this month. Can the Greenback keep gaining ground or will Jackson Hole reignite Dollar selling pressure?
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Gold Price Forecast: XAU Sinks to Support, Will Gold Bulls React?
Gold prices shed 10% when pulling back earlier this month, but with Jackson Hole on the radar, will bulls remain quiet for long?
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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 -...