Wednesday, 26 August 2020

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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USD Price Outlook: US Dollar Awaits Powell Speech at Jackson Hole

US Dollar bulls have struggled to sustain a bid over the last two trading sessions as USD price action searches for direction while traders await Fed Chair Powell at the Jackson Hole Symposium.

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Silver Forecast: XAG Stages Breakout, but Can Bulls Drive the Trend?

It had been a big summer for precious metals - until August rolled around. But as the month nears end, Silver bulls are showing a stronger hand.

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DAX 30 Price Outlook: German Index Ponders Technical Break Out

The DAX 30 is testing the limits of its current technical pattern but summer conditions may make it hard for the German equity index to post a move with significant follow-through.

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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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USD/CAD Update: Loonie Consolidation Ahead of BoC Wilkins Speech

The Canadian Loonie has consolidated over the short term. Is this reflective of the early stages of a trend reversal or a simple pause before trend continuation?

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Japanese Yen Volatility Rises on Jackson Hole and Abe Speculation

The main focus is on tomorrow’s Jackson Hole summit, however, JPY markets have been eying Abe exit speculation.

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Crude Oil Prices May Struggle to Extend Rise on Hurricane Jitters

Crude oil prices rose as Hurricane Laura menaced the US Gulf Coast but progress may stall as all eyes turn to Thursday’s speeches from Fed Chair Powell and US President Trump.

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British Pound (GBP) Latest: Sterling Retains a Bid as Jackson Hole Symposium Comes Into View

Sterling is stuck in a holding pattern and with little data of note today Fed chair Jerome Powell’s speech at the Jackson Hole Symposium tomorrow is the next potential trigger point.

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Dow Jones Industrial Average May Fall as the VIX Bounces Off Post-Crisis Low

The Dow Jones Industrial Average is at risk of extended declines as the Volatility Index (VIX) bounces off its post-crisis low.

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Tuesday, 25 August 2020

EUR/USD Outlook: August Low on Radar as RSI Tracks Downward Trend

EUR/USD may continue to give back the advance from the August low (1.1696) as long as the RSI retains the downward trend established earlier this month.

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Nasdaq 100 Soars, but Asia-Pacific Stocks Fail to Catch Up. Gold Rises

The Nasdaq Composite climbed 0.76% to 11,466, extending its upward trajectory to a record high. Asia-Pacific stocks, however, failed to catch up with the rally. Gold prices rose.

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Gold Price Outlook: XAU/USD Coiling Up Ahead of Jackson Hole Symposium

Gold prices may regain lost ground in the coming days as bullish chart patterns begin to materialize on multiple timeframes.

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NZD/USD Consolidation to Persist as RSI Negates Downward Trend

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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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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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...