Thursday, 10 September 2020

GBP/USD Slammed by Brexit Drama, Dollar-Yen Eyes Inflation Data

The US Dollar endured a turbulent trading session on Thursday as volatility accelerated on the back of renewed risk aversion, which caused major FX pairs like EUR/USD, GBP/USD, and USD/JPY to whipsaw.

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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: Can USD/CAD Mount a Bullish Continuation?

After just recently falling to a 7-month low USD/CAD staged a brief break higher, moving above a key trendline as crude oil price declines undermined the Canadian Dollar. Where is USD/CAD headed?

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Crude Oil Price Outlook Mired by Moving Average Death Cross

Crude oil prices might remain under pressure with the commodity now facing a bearish crossover of its 50-day and 200-day moving averages after invalidating its prior-standing bullish trendline.

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EURUSD Forecast: EUR/USD Jumps as ECB Appears Unphased by Strong Euro

The ECB doesn't appear overly concerned about Euro strength - but will EUR/USD bulls be able to break through the 1.2000 figure?

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EUR/GBP Price Forecast: Euro Soars Amid Emergency Brexit Talks

The Euro extended the current bullish move vs the Pound after the ECB maintains current monetary policy measures. FX rate and its effect on inflation to be monitored

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ECB Leaves Rates Unchanged, EURUSD Moves Sideways Ahead of the Press Conference

The Euro was little changed after the ECB left all policy levers untouched. Next up, President Lagarde’s thoughts and the staff projections.

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Silver Price Forecast: Potential Breakout Looming for Spot Silver

Silver seeks a fundamental catalyst to encourage a symmetrical triangle price breakout

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Crude Oil Outlook Downbeat, Demand Concerns May Prompt OPEC Action

Outlook growing increasingly weak for oil prices as demand stalls. OPEC action will be in focus at JMMC.

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British Pound (GBP) Latest: Emergency Brexit Talks in Focus, GBP/USD Stabilizes

GBP/USD is holding its ground around the 1.30 level ahead of emergency Brexit talks to discuss a UK plan to amend its divorce treaty with the EU, potentially breaking international law.

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DAX 30 Index Could Slide Lower as ECB Rate Decision Shifts Into Focus

Germany’s benchmark DAX 30 index could slide lower if the European Central Bank maintains the status quo at its upcoming September meeting.

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Wednesday, 9 September 2020

AUD/USD Flips Ahead of 50-Day SMA Despite Break of Trendline Support

AUD/USD appears to be reversing course ahead of the 50-Day SMA (0.7149) as it quickly bounces back from a fresh monthly low (0.7192).

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JPY, USD May Rise on Risky Credit Markets as CLO ETF Debuts

The US Dollar and Japanese Yen may rise if fear about the precarious nature of risky credit instruments permeates market mood as the first CLO ETF debuts.

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US-China Tensions to Amplify Recent AUD/USD, S&P 500, Oil Volatility?

Volatility in the Australian Dollar, S&P 500 and crude oil prices has been on the rise as of late. Could a revival in US-China trade tensions amplify these movements?

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S&P 500 May Lead ASX 200 Higher, Gold Rebounds as US Dollar Falls

The S&P 500 surged as tech firms regained strength, which might lead Asia-Pacific stocks higher. Gold prices climbed as the US Dollar fell alongside the volatility (VIX) index.

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Australian Dollar Outlook Unfazed by Extended COVID-19 Restrictions

The Australian Dollar may rise despite the extension of economically-devastating Covid-19 restrictions in Victoria, Australia’s second most populous state.

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USD/CAD Rebound Stalls as BoC Sticks to Current Policy Tools

The recent rebound in USD/CAD appears to have stalled ahead of the March/June low (1.3315) as the Bank of Canada (BoC) sticks to the sidelines at the September meeting.

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EUR/USD to Reverse? Trump Call for US-China Decoupling Boosts Election Risks

EUR/USD may be on the verge of a major trend reversal as markets digest President Trump’s comments about US decoupling from China ahead of the presidential election.

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US Dollar Outlook: EUR/USD Eyes ECB Meeting as AUD/USD Recoils

The US Dollar surrenders recent gains against key FX peers like the Euro and Australian Dollar as EUR/USD traders look toward an upcoming ECB rate decision while AUD/USD rebounds with market sentim...

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Nasdaq 100 Price Forecast: Is the Technology Rout Over?

Three days of weakness in the technology sector has seen the Nasdaq 100 forfeit considerable ground and fall through nearby support. As demand returns, has the worst of the rout passed?

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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...