USD/CAD Rate Trades in Defined Range Ahead BoC Interest Rate Decision

USD/CAD may continue to consolidate ahead of the Bank of Canada (BoC) interest rate decision on September 9 as the RSI bounces back from oversold territory.

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AUD/USD Steady Before China Trade Balance. ASX 200, Hang Seng May Consolidate

The Australian Dollar holds steady at 0.728 ahead of China’s balance of trade. Asia-Pacific’s ASX 200 and Hang Seng Index may open mildly lower as US stock futures fall.

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Copper Prices Poised to Extend Gains Amid Global Manufacturing Rebound

Copper prices may continue to climb higher on the back of USD weakness, rebounding global manufacturing activity and bullish price action setups on multiple timeframes.

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Markets Week Ahead: Nasdaq 100, S&P 500, US Dollar, Volatility, ECB, BoC

The VIX 'fear gauge' soared as the Dow Jones, S&P 500 and Nasdaq 100 wobbled. The haven-linked US Dollar climbed. September is historically a volatile month, will this trend in financial markets co...

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Euro Forecast: Major Resistance Now for EUR/USD at 1.20 as ECB Meets

This Thursday’s meeting of the European Central Bank will likely end with confirmation that the ECB will do everything it can to stop EUR/USD from strengthening above 1.20.

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Sterling (GBP) Remains Under Pressure as EU/UK Trade Talks Stall

The latest EU/UK trade talk commentary suggest that talks are going nowhere with both sides refusing to budge from their original positions.

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Nasdaq 100, DAX 30, CAC 40 & Nikkei 225 Forecasts for the Week Ahead

Equity markets suffered a sharp reversal last week despite encouraging economic data out of the United States. Now, investors will keep a keen eye on the performance of tech stocks for further clues.

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Canadian Dollar Eyes Bank of Canada Rate Decision as Covid-19 Cases Rise

The Canadian Dollar may fall if the Bank of Canada Rate decision inflates selling pressure in tandem with gloomy economic data out of the United States.

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Gold Price Forecast: US Dollar, Treasury Yields Diverge and Drive Trend

Gold prices may trade range-bound as XAU/USD echoes the divergence between Treasury yields and the US Dollar. What could be a downside risk for the yellow metal?

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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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S&P 500 Price Outlook: Trader Positioning Pivots as VIX Spikes

The S&P 500 continues lower for a second day as retail and options traders shift exposure following a better than expected jobs report

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EUR/USD Price Analysis: NFP data Pushes EURUSD Closer to Key Support

NFP data roughly in-line with expectations at 1.371 million new jobs added in August. Encouraging unemployment data beat estimate of 9.8% coming in at 8.4%. EUR/USD trading lower

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US Dollar Swings on NFP Report Beat, Unemployment Below 9%

The August 2020 NFP report just crossed the wires and topped market estimates, which is bolstering the Dollar as the US economy added 1.3-million jobs and unemployment fell to 8.4%.

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Japanese Yen outlook: Unemployment data may prompt USD/JPY bulls

With NFP data scheduled for later today, could USD/JPY push up toward topside resistance?

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Gold Prices Flirt with Trend Reversal as US Jobs Data Looms Ahead

Gold prices are flirting with a major trend reversal that could upend the rise from March lows as all eyes turn to Augusts’ US jobs report. A soft result may weigh on XAU/USD.

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South African Rand Forecast: USD/ZAR, EUR/ZAR, GBP/ZAR Setups

Big levels in play as Rand flirts with key levels of support

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GBP/USD Drifts Ahead of NFPs, FTSE 100 Breaks Support After US Equity Rout

The monthly US Labor report awaits later today and markets are becoming increasingly nervous after Thursday’s heavy sell-off in the US equity markets.

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USD/CAD Poised to Resume Downtrend Ahead of Non-Farm Payrolls Report

The USD/CAD exchange rate appears poised to resume its 6-month downtrend ahead of the US Non-Farm Payrolls (NFP) report for August.

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NZD/USD Pulls Back from 2020 High as RBNZ Outlines Future Policy Tools

NZD/USD pulls back from a fresh yearly high (0.6789) as RBNZ Governor Adrian Orr provides an overview of the “additional tools that we are considering.”

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S&P 500 Sinks, Biden Leads Trump, China Releases New Chip Sector Plans

The S&P 500 experienced its biggest one-day slump since June 11 as China announced plans to boost domestic semi-conductor chip production. Biden continues to lead Trump in the polls.

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