Monday, 14 September 2020

Markets Week Ahead: S&P 500, British Pound, Brexit Woes, US Dollar, Fed

US equities, such as the S&P 500 and Nasdaq 100, finished their worst 2 weeks in months as the US Dollar gained. No-deal Brexit woes are coming back to haunt the British Pound ahead of the BoE. Wil...

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South African Rand: USD/ZAR Stable Ahead of SARB Rate Decision

The South African Rand may be in for additional gains against the US Dollar as fundamental facilitators could incite possible bearish technical indicators into fruition.

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British Pound (GBP) Latest - Brexit, BoE and Heavyweight Data All Collide This Week

A very busy week for Sterling traders with a wide range of high importance data and risk events ahead. GBP opens the week steady but for how long?

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Nasdaq 100, S&P 500 Index May Rise Ahead of FOMC Rate Decision

The Nasdaq 100 and S&P 500 index look poised to climb higher ahead of the upcoming Federal Reserve interest rate decision on September 16.

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Sunday, 13 September 2020

Gold Price Vulnerable Ahead of FOMC amid Shift in US Dollar Sentiment

The price of gold may consolidate over the remainder of the month as the crowding behavior in the US Dollar appears to unwinding ahead of the Fed rate decision.

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GBP Eyes Brexit Impasse, Nasdaq May Pull Back on US-China Tech Tension

The British Pound continues to be at the mercy of political volatility from Brexit as the technology sector prepares for additional tension between the US and China.

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

The US Dollar may rise against ASEAN currencies like the Singapore Dollar if local retail sales and sentiment data disappoints. USD/IDR may fall on the Bank of Indonesia.

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AUD/USD Rate Rebound Stalls Ahead of RBA Minutes with FOMC on Tap

The Reserve Bank of Australia (RBA) Minutes may influence AUD/USD as Governor Philip Lowe and Co. “consider how further monetary measures could support the recovery.”

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British Pound Outlook: GBP/USD, GBP/JPY and EUR/GBP Levels to Watch

The British Pound may extend its fall ahead of the upcoming Bank of England rate decision. GBP/USD and GBP/JPY eyeing a retest of the July lows.

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Dow Jones Futures Climb With Nikkei 225 and Hang Seng, LDP Election in Focus

Dow Jones Industrial Average index futures are extending Friday’s gains alongside Asia-Pacific stocks. Japan’s LDP election will decide who will replace Shinzo Abe as the Prime Minister.

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EUR/USD at Pivotal Juncture, Biden-Trump Spread Narrows

EUR/USD is trading at critical chart support as Biden’s lead over Trump narrows amid growing US-China tension over hot-button technology disputes.

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Markets Week Ahead: S&P 500, British Pound, Brexit Woes, US Dollar, Fed

US equities, such as the S&P 500 and Nasdaq 100, finished their worst 2 weeks in months as the US Dollar gained. No-deal Brexit woes are coming back to haunt the British Pound ahead of the BoE. Wil...

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Nasdaq 100 Price Forecast: Fundamental Elements Remain Upbeat

The Nasdaq 100 index has retraced over 9% from its all-time high as profit-taking activities ramped up amid US-China tensions. Fundamental elements, however, tell a different story.

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USD/MXN Week Ahead: FOMC Tailwinds Could Lead to Volatile Trading

The Mexican Peso continues to outshine the Dollar, but USD/MXN is still 14% higher than the beginning of the year

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Saturday, 12 September 2020

Euro Forecast: EUR/USD Set Fair to Reach Highest Levels Since Spring 2018

If ECB President Christine Lagarde was hoping to curb the strength of EUR/USD last week, she failed. Instead, the pair is now well placed to reach new two-year highs above 1.20.

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Gold Price Outlook: FOMC Rate Decision May Ignite XAU/USD Uptrend

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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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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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...