The Nasdaq’s astonishing 82% rally since March may slow down as the Volatility Index (VIX) surges. The DAX 30 and Dow Jones fell. The US Dollar remained calm.
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Monday, 31 August 2020
Euro Rate Outlook: RSI Indicator to Validate EUR/USD Breakout
The RSI may help to validate a near-term breakout in EUR/USD as the indicator threatens the downward trend established in August and approaches overbought territory.
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Japanese Yen May Fall Post Abe Resignation, AUD/USD Eyeing RBA
The Japanese Yen could be at risk to further losses. Despite broad weakness in stocks on Monday, the haven-linked US Dollar fell. Ahead, AUD/USD is eyeing the RBA rate decision.
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Dow Jones Forecast: Index Slips Ahead of Historically Bearish Month
The Dow Jones suffered a slight loss to start the week as volatility ticked higher and a seasonal lack of volatility is exchanged for a historically bearish month.
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USD/MXN Forecast: Dollar-Peso Probes Key Level as Oil Swings
USD/MXN is gravitating around its 200-day moving average. The Mexican Peso is threatening a breakout as commodity currencies tied to crude oil prices strengthen against the anti-risk US Dollar.
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DailyFX Education Summit: Trade Your Market
The DailyFX Education Summit will be held online from September 15 to September 17. Register now!
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Canadian Dollar Forecast: USD/CAD Slips to 7-Month Low
USD/CAD fell to a 7-month low on Monday as renewed US Dollar weakness paved the way for Canadian Dollar gains. With a fresh low, will USD/CAD continue its downward trajectory?
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EUR/USD Rate Ripping to Two-Year Highs Leaves Euro at Resistance
EUR/USD price action is spiking into month-end and trading at its strongest level since May 2018, but Euro bears seem to be reacting to key technical resistance level as the US Dollar hits two-year...
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US Dollar Price Outlook: USD Pushes Towards Big Zone of Key Support
The US Dollar is pushing towards two-year-lows, but a potentially problematic area on the chart lies ahead for bears.
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Markets Week Ahead: Gold, Dollar, Dow, Euro, AUD, PMIs & Job Data
The US Dollar whipsawed violently last week amid the Fed Symposium, but a pro-risk tone ended up prevailing as stock markets hit fresh record highs and AUD/USD surged. Looking ahead, traders might ...
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Crude Oil Prices May Struggle Despite US Output Plunge
Crude oil prices may struggle to build higher even as data shows US output plunging as lackluster demand struggles to work through still-bloated inventories.
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Euro Price Outlook: EUR/USD, EUR/CHF May Slide as Covid-19 Cases Climb
The EUR/USD and EUR/CHF exchange rates may slide lower as cases of the novel coronavirus continue to climb in several European nations.
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Sunday, 30 August 2020
Gold Price Continuation Pattern in Focus Following Fed Symposium
A continuation pattern may pan out over the coming days as the price of gold trades to fresh yearly highs during every single month so far in 2020.
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AUD/USD Analysis: RSI Flirts with Overbought Zone Ahead of RBA Meeting
The RBA interest rate decision may do little to derail the appreciation in AUD/USD as the central bank is expected to retain a wait-and-see approach for monetary policy.
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Nikkei, Hang Seng May Rebound with ASX 200, China NBS PMI Misses
Japan’s Nikkei 225 index may rebound as markets digest news of PM Shinzo Abe’s resignation. The Hang Seng Index and ASX 200 are set to move higher on mixed China PMI readings.
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Japanese Yen May Extend Fall as AUD/JPY, EUR/JPY Eye Multi-Year Highs
The Japanese Yen may fall against its major counterparts as it enters the second-half of an 8-year cycle. AUD/JPY, EUR/JPY rates eye push to multi-year highs.
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Markets Week Ahead: Gold, Dollar, Dow, Euro, AUD, PMIs & Job Data
The US Dollar whipsawed violently last week amid the Fed Symposium, but a pro-risk tone ended up prevailing as stock markets hit fresh record highs and AUD/USD surged. Looking ahead, traders might ...
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Dow Jones May Climb on Dovish Fed, Improving Macro Data
The Dow Jones Industrial Average may stay on its upward trajectory as the Fed sent a clear dovish message in the Jackson Hole symposium. But doubts remains about its rich valuation.
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Saturday, 29 August 2020
USD/MXN Week Ahead: Quick Rebound Shows Upside is Limited
USD/MXN sees a spike in volatility after Jackson Hole and Banxico meeting minutes
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EUR/USD Weekly Forecast: Awaiting Breakout From Monthly Range
EUR/USD holding patten as markets await September breakout. US Dollar selling the dominant theme.
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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....