Friday, 11 September 2020

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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South African Rand: USD/ZAR, GBP/ZAR and EUR/ZAR Price Forecasts



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EUR/USD Price Outlook - A Fresh 30-Month High May Prove Difficult

The European Central Bank will carefully monitor the exchange rate but suggested yesterday that they will look through any short-term appreciation of the single currency despite its negative effect...

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British Pound Latest (GBP) - EU Gives UK Brexit Ultimatum

GBP/USD plunges, while EUR/GBP benefits from the best of both worlds.

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US Dollar Outlook: DXY May Extend Losses Ahead of FOMC Rate Decision

The US Dollar Index (DXY) is at risk of sliding lower ahead of the Federal Reserve interest rate decision on September 16.

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Thursday, 10 September 2020

EUR/USD Analysis: Wait-and-See ECB Guidance Keeps August Range Intact

EUR/USD may continue to track the August range following the ECB meeting even though the RSI retains the downward trend carried over from the end of July.

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Dow Jones May Lead Hang Seng, Nikkei 225 lower Post ECB Disappointment

The Dow Jones Industrial Average fell 1.45% as optimism faded quickly following ECB’s neutral tone. Sour sentiment may lead the Hang Seng and Nikkei 225 index lower today.

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Silver Coils Up for Breakout as Biden Builds Lead vs Trump, Relief Bill Stalls

Silver prices may be coiling up for a breakout as the Biden-Trump spread widens while Congress fails again to agree on the framework for another coronavirus relief bill.

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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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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...