Monday, 21 September 2020

US Dollar Struggles as S&P 500 Diverges With Emerging Market Capital

The US Dollar is struggling against ASEAN currencies despite weakness in the S&P 500. Capital remains flowing into emerging markets, keeping USD under pressure, could this change?

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Gold and Silver Vulnerable on Stagnating Stimulus Talks, USD Resurgence

Gold and silver are at risk of extending their slide from monthly highs as the lack of additional fiscal stimulus and rising geopolitical tensions underpin USD.

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Dow Jones Supported by 100-Day SMA, Strong US Dollar Sinks XAG/USD

Stock markets fell sharply as resurging Covid-19 cases in Europe soured risk appetite. Safe-haven demand drove up the US Dollar, which catalysed an 8% decline of silver prices.

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USD, GBP, EUR Volatility Ahead of Cross-Continental Geopolitical Risks

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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USD/CAD Rate Tests Former-Support Zone for Resistance

USD/CAD has come up against the former-support zone around the March/June low (1.3315) as the decline in global equity prices coincides with the advance in the US Dollar.

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S&P 500 Teeters on Precipice as Trump Trails Biden in Swing States

The S&P 500 index may be on the verge of breaking down as Biden continues to lead Trump in swing states but faces a narrower margin in general election polls.

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AUD/USD Price Outlook: Aussie Defends 0.7200 Level as VIX Jumps

The Australian Dollar took a nosedive during Monday’s trading session due to a flareup in market volatility, but AUD/USD price action based around the 0.7200-price level as the VIX ‘fear-gauge’ sta...

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Nikkei 225 & ASX 200 Price Forecast: Stock Selloff Sees Support Broken

An abrupt reversal in risk assets has seen the Nikkei 225 and ASX 200 fall beneath nearby support, threatening further losses. Here are the levels to watch in the days ahead.

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Dollar vs Mexican Peso Outlook: USD/MXN Rally Eyes Trend Resistance

Mexican Peso is under pressure this week with a recovery in USD/MXN taking price into downtrend resistance. Here are the levels that matter on technical charts.

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Gold Price Breaks Lower as Risk Aversion Spikes and Volatility Soars

Gold suffered a bearish breakdown to start the week as risk aversion spiked across global markets. Typically viewed as a safe haven commodity, gold seems to have been caught in the crossfire.

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USD Price Outlook: US Dollar Ripping Higher as Markets Swoon

The US Dollar is advancing sharply as markets accelerate lower on the back of mounting risk aversion. Can USD price action continue its ascent or will the DXY Index recoil lower?

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Dow, Nasdaq Price Forecast: US Stocks September Slide Continues

Both the Dow and Nasdaq have shown different tonalities since the September open, with reversal tendencies showing after the blistering rallies that took hold through the summer.

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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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FTSE 100 Hit Hard as Fears of a New COVID-19 Lockdown Grow

The UK’s two top scientific advisors will address the nation today at 11:00 BST and warn that tougher lockdown measures may be on the way if the public doesn’t follow government guidelines.

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GBP/USD To Extend Slide on No-Deal Brexit Fears, Covid-19 Second Wave

GBP/USD rates look poised to break lower amid escalating ‘no-deal’ Brexit concerns and rising coronavirus case numbers.

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Sunday, 20 September 2020

Gold Price Rebound from 50-Day SMA Intact Ahead of Fed Testimony

Fresh remarks from Fed Chairman Jerome Powell may keep the price of gold afloat as the central bank relies on its emergency tools to support the US economy.

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USD, GBP, EUR Volatility Ahead of Cross-Continental Geopolitical Risks

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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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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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...