Friday, 18 September 2020

British Pound (GBP) Latest: Brexit Trade Talk, New Lockdowns and UK Retail Sales Data

The mood music in EU/UK trade talks may be shifting after EC President Ursula von der Leyen said that she was ‘convinced’ that a deal was still possible.

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Thursday, 17 September 2020

USD/CAD Capped by Key Resistance Ahead of Canada Retail Sales Data

The USD/CAD exchange rate may extend its slide from the monthly high ahead of Canadian retail sales data, as the Bank of Canada’s wait-and-see approach underpins CAD.

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Dow Jones Futures Fluctuate, DAX 30 and ASX 200 In Tight Range

The Dow Jones Industrial Average futures are oscillating in early Asia hours after falling 0.47% on Thursday. Global equity indices look set to consolidate amid US fiscal stimulus uncertainty.

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Gold Price Continues to Rebound from 50-Day SMA Following FOMC

The price of gold tagged the 50-Day SMA ($1935) for the second time this month, but current market trends may keep bullion afloat amid crowding behavior in the US Dollar.

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EUR/USD Selloff Ahead? Biden-Trump Spread Narrows

EUR/USD has broken two uptrends, potentially setting the pair up for a reversal as Biden’s lead over Trump narrows below the roughly 7-point average.

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AUD/USD & ASX 200 Forecast: Is the Australian Dollar Hurting the ASX?

The Australian Dollar has climbed higher in recent weeks despite weakness in other risk-sensitive markets. Conversely, the ASX 200 has struggled to keep pace with its currency-counterpart.

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Central Bank Watch: BOC, RBA, & RBNZ Rate Expectations; USD/CAD, AUD/USD, & NZD/USD Positioning Update

The RBNZ may distinguish itself from the BOC and RBA in the first half of 2021.

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Crude Oil Price Climbs to Test 50-DMA in Wake of OPEC+ Update

Crude oil price action advances for the third day straight, extending weekly gains to nearly 10% amid an expected OPEC+ update, but the commodity faces resistance posed by a key moving average.

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Gold Price Forecast: What Will Spark a XAU/USD Break Out Rally?

The outlook for gold prices remains constructive as central banks double-down on low interest rates. Gold may benefit as a result but technical patterns have kept the precious metal contained.

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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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Gold, Dollar & Nasdaq React to FOMC Decision, Fresh Projections

The September 2020 FOMC press statement just crossed the wires and shows that the Fed decided to leave rates on hold as expected, but updated economic projections are weighing on markets.

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Silver Price Forecast: Silver Sideways as Price Action Seeks Direction

Silver Sideways as Price Action Struggles to Find Direction following FOMC Meeting Minutes.

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Bank of England Exploring Negative Rates, GBP/USD Whacked

Bank of England fuels expectations of negative rates as they explore plans with PRA.

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Bank of England Rate Decision Preview - What Matters

The Bank of England is expected to maintain its current monetary policy with the bank rate at 0.1% and APF at GBP 745bln.

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USD/JPY Price Eyes Multi-Month Low, Bearish Client Sentiment Grows

The latest monetary policy decisions from the Bank of Japan and the Federal Reserve have failed to stem this week’s sharp sell-off in USD/JPY and a fresh multi-month low nears.

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British Pound (GBP) Latest: Bank of England to Set Path for GBP/USD, EUR/GBP

GBP will take its cue from Thursday’s monetary policy announcement by the Bank of England, which will keep UK interest rates unchanged but could hint at more stimulus.

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S&P 500 Index Faces Larger Pullback as FOMC Retains Fed Fund Forecast

The S&P 500 index faces a larger pullback as the FOMC retains its assessment of the “longer-run” neutral Fed Funds rate.

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Wednesday, 16 September 2020

EUR/USD Susceptible to Larger Correction as RSI Retains Downward Trend

The RSI indicates a larger correction for EUR/USD as the oscillator reverses ahead of trendline resistance to retain the downward trend carried over from the end of July.

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Australian Dollar Blossoms on Strong Local Jobs Data, Better Times Ahead?

The Australian Dollar jumped after local jobs data showed a better-than-expected print, though AUD/USD gains may be curbed by tension with China.

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Nasdaq 100 Falls Post-Fed Meeting, Hang Seng and Nikkei Eye BOJ, BoE

The Nasdaq 100 index fell 1.25% despite that the Fed signalling no rate hikes through to 2023. Asia-Pacific equities look set to open mixed ahead of BOJ and BoE rate decisions.

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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...