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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Tuesday, 22 September 2020
NZD/USD Price Outlook: Kiwi-Dollar Eyes RBNZ Decision & PMI Data
NZD/USD price action looks primed for potential volatility during Wednesday's trading session with the upcoming RBNZ decision and scheduled release of global PMI data.
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Nasdaq 100 Forecast: Exodus from Tech ETF Has Worrisome Historical Parallel
The Nasdaq 100-tracking QQQ ETF saw its largest outflow since October 2000 on Friday, revealing conviction behind recent declines in technology stocks. Will outflows continue?
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Canadian Dollar Price Forecast: USD/CAD Showing Reversal Tendencies
USD/CAD continues to carry hints of reversal potential, but will buyers back the bid to continue a short-term bullish trend?
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South African Rand: Risk-Off Mood Interrupts Recent ZAR Strength
With the global pandemic surging in Europe, the Rand has succumbed to a risk averse environment but will this just be a short-term blip before the ZAR continues its bullish run?
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EUR/USD Price Outlook: Euro Extends Slide to Probe Support Zone
EUR/USD price action remains under pressure after breaching its 50-day moving average, but the Euro now collides with a critical technical support level near the 1.1700-handle.
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EUR/USD, AUD/USD, DXY Charts and Technical Outlook
EUR and AUD look headed lower as USD is poised to continue to strengthen in the days ahead.
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UK to Face Lockdown Rules for as Long as 6 Months, GBP/USD Volatility Persists - US Market Open
Turnaround Tuesday thus far, UK faces lockdown 2.0, GBP volatility persists.
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Market Sentiment Still Negative Towards EUR/USD, GBP/USD, AUD/USD | Webinar
Trader confidence remains poor in riskier assets like stocks, the Australian Dollar and Sterling, while even gold, silver and the Japanese Yen are dropping as the US Dollar attracts most haven buying.
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RBNZ Monetary Policy Decision: What to Watch Out For
RBNZ expected to maintain policy, while commentary on NZD will be particularly important.
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British Pound (GBP) Latest: GBP/USD at Risk of Sharp Fall if Support Breaks
GBP/USD is close to an important support level. If it breaks, the pair will hit a two-month low and further falls would be likely as a second coronavirus lockdown looms in the UK.
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EU Stoxx 50 Index at Risk as COVID-19 Second Wave Fuels Volatility
Europe’s benchmark EU Stoxx 50 index is at risk of extending its slide lower as Covid-19 ‘second wave’ fears trigger a surge in volatility.
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Monday, 21 September 2020
Crude Oil Prices Weighed by Demand Concerns, Rising US Dollar
Risk-off sentiment and a stronger US Dollar hit crude oil prices hard, as resurging coronavirus cases in Europe and potential lockdowns weighed on the energy demand outlook.
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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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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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The US Dollar soared against the Indonesian Rupiah, with USD/IDR eyeing its best month since the 1997 Asia financial crisis amid the coronav...