Tuesday, 22 September 2020

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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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...