Monday, 7 September 2020

EUR/USD Rate Outlook Hinges on ECB Interest Rate Decision

The European Central Bank (ECB) interest rate decision on September 10 may influence EUR/USD if the Governing Council tames speculation for additional monetary support.

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DAX 30 May Lead Nikkei 225 and S&P 500 Higher, EU GDP Data in Focus

Germany’s DAX 30 stock index rebounded sharply ahead of the release of Eurozone 3Q GDP figures. The S&P 500 and Nikkei 225 index look set to rise.

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NZD/USD Rate Remains Under Pressure as RBNZ Prepares Stimulus Package

Recent remarks from the RBNZ appear to be dragging on NZD/USD as the central bank is “actively preparing a package of additional monetary policy tools.”

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Japanese Yen Outlook: Bank of Japan Policy to Push JPY Lower?

The Japanese Yen is at risk of extended declines as Prime Minister Shinzo Abe’s potential successor vows to maintain the current monetary policy framework.

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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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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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EUR/USD Latest: ECB Moral Suasion May Affect Lingering Euro

Can Euro strength be sustained with the ECB keeping a close eye on the currency?

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EUR/GBP Update: Brexit Stalemate, EU and UK GDP Data This Week

The Pound Sterling extends losses on Monday after Boris Johnson suggested The UK and EU move on if no agreement is reached by October the 15th. EU and UK GDP in Focus

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Crude Oil Prices Still Vulnerable After Biggest Drop in 2 Months

Crude oil prices look vulnerable to deeper losses after suffering the biggest drop in two months following US jobs data that may have stoked “stagflation” worries.

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British Pound (GBP) Latest: Sterling Under Threat as No-Deal Brexit Risks Increase

The latest round of EU/UK trade talks start this week with both sides ramping up the rhetoric to potentially dangerous levels. Sterling remains very much at risk.

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EU Stoxx 50 Index May Slide Lower Ahead of ECB Monetary Policy Meeting

Europe’s EU Stoxx 50 index is at risk of sliding lower ahead of the European Central Bank’s upcoming monetary policy meeting on September 10.

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Sunday, 6 September 2020

Gold Price Recoups Post-NFP Losses amid Ongoing Tilt in USD Sentiment

Current market trends may keep the price of gold afloat as the crowding behavior in the US Dollar looks poised to persist ahead of the Fed rate decision on September 16.

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US Dollar Fundamental Forecast: USD/SGD, USD/IDR, USD/PHP, USD/MYR

The US Dollar may rise against the Singapore Dollar, Indonesian Rupiah, Philippine Peso and Malaysian Ringgit if stock volatility picks up pace, fueling emerging market capital flight.

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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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Saturday, 5 September 2020

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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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...