The US Dollar, British Pound and Euro will all be closely watching key geopolitical developments in North America (Powell testimony), the UK (Brexit talks) and Europe (EU summit).
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Sunday, 20 September 2020
NZD/USD Outlook Hinges on RBNZ as Tilt in Retail Sentiment Persists
The bullish price action in NZD/USD may continue to coincide with the tilt in retail sentiment as the RBNZ appears to be on track to retain the current policy.
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Nasdaq 100 to Test 100-Day SMA, Hang Seng and ASX 200 May Open Flat
The Nasdaq 100 futures are oscillating in early Asia hours after falling 1.07% on Friday, setting a mixed tone for Asia-Pacific open. Japan’s market closed for a two-day holiday.
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EUR/USD Breaking Down, TikTok Ban Averted. Biden Leads Trump in Polls
EUR/USD selloff may accelerate as the pair break key support. TikTok ban was averted but Sino-US tech tension lingers as the Biden-Trump spreads widens.
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Markets Week Ahead: S&P 500, US Dollar, Yen, NZD, RBNZ, Powell Testifies
The S&P 500 has been wobbling but the haven-linked US Dollar has been struggling to catch a bid. The anti-risk Japanese Yen is shining instead. Has the Fed left investors wanting more? Ahead, NZD e...
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US Dollar Outlook Bearish on Mnuchin & Powell Testimonies, Key US Data
The US Dollar may fall if demand for haven-linked assets fall after testimonies from Powell and Mnuchin to the House. Better-than-expected data may compound the Greenback’s selling streak.
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Saturday, 19 September 2020
Crude Oil Prices Vulnerable Amid Fading Demand, Oversupply Concerns
Crude oil prices could reverse lower as the OPEC Monthly Oil Market Report (MOMR) forecasts fading global demand and oversupply concerns.
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Euro Forecast: EUR/USD Outlook Turns More Bearish After Failure at 1.20
The outlook for the EUR/USD pair has worsened after its failure to move back to the high just above 1.20 touched on September 1 despite the ECB’s decision earlier this month not to talk down the Euro.
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Japanese Yen Exhibits Bullish Behavior as BoJ Braces for Negative CPI
The Japanese Yen may continue to exhibit a bullish behavior as the Bank of Japan (BoJ) appears to be in no rush to alter the path for monetary policy.
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Nasdaq 100, DAX 30 & FTSE 100 Forecasts for the Week Ahead
Technology stocks continue to be a source of weakness for US equities, undermining risk appetite. Meanwhile, US-China tensions simmer beneath the surface creating uncertainty.
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Friday, 18 September 2020
New Zealand Dollar Outlook: NZD/USD May Rise on RBNZ, Watch S&P 500
The growth-linked New Zealand Dollar may rise on the upcoming RBNZ rate decision following rosy economic data. However, downside potential in the S&P 500 could offset NZD/USD gains.
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Copper Price Forecast: Bulls Push Price to New Multi-Year High
Copper rose to a fresh multi-year high as Chinese demand and supply-side issues continue to support price action amid a lackluster US Dollar
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Dow Jones Tries to Turn Green on Upbeat Consumer Sentiment Data
The Dow Jones has edged higher off session lows as stocks attempt to claw back recent downside after the release of consumer sentiment data, which improved and topped market expectations.
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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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South African Rand: ZAR Strengthens as SARB Signals End to Rate Cuts
USD/ZAR lower after the South African Reserve Bank (SARB) keeps the Repo Rate on hold. Implied policy path indicates no further rate cuts this year�
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Japanese Yen Outlook: Beware of Currency Intervention Levels
Japanese Yen goes from strength to strength against the US Dollar, while CHF/JPY reversal is underway.
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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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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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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....