Gold prices may turn higher ahead of the upcoming FOMC rate decision, despite plateauing inflation expectations and a lack of progress in Congressional stimulus talks.
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Saturday, 12 September 2020
US Dollar Weekly Forecast: ECB Avoiding a Currency War, Eyes on Fed's New Mandate
All eyes on the Fed as they update guidance to fit their new mandate. While the ECB want to avoid a currency war.
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Friday, 11 September 2020
Oil Price Approaches June Low Ahead of OPEC JMMC Meeting
The price of oil approaches the June low ($34.27) ahead of the OPEC’s September meeting as US crude inventories unexpectedly increase for the first time since July.
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Australian Dollar May Fall on Jobs Data, Economic Plateauing, China Tension
The Australian Dollar may pull back as domestic economic activity and local inflation prospects plateau as geopolitical tension with China heats up.
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US Equities Forecast: Nasdaq 100, S&P 500, Dow Jones Price Setups
After US equities suffer their second week of losses, price action consolidates around key Fibonacci levels
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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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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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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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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...