The UK government warned that EU bound freight trucks could face a 7000-truck-long queue at Kent - a major gateway to Europe - after the UK leaves the customs union
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Wednesday, 23 September 2020
British Pound (GBP) Latest: GBP/USD Will Likely Fall Further, FTSE Up
GBP/USD dropped through an important support level Tuesday, suggesting more losses are on the way. The next key support comes from the 200-day moving average at 1.2655.
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US Dollar Tracks Shift in Risk Sentiment Despite Powell Testimony
The US Dollar appeared to dismiss Federal Reserve Chair Jerome Powell’s recent testimony as Covid-19 ‘second wave’ concerns fuel haven inflows.
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Tuesday, 22 September 2020
Gold, Silver Price Forecast: Key Supports Broken as US Dollar Strengthens
Gold prices broke a key support level at US$ 1,910, as a rising USD Dollar weighed on precious metal prices. Silver prices drifted lower for a third day, eyeing key support at US$ 23.30.
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AUD/USD Rate Eyes August Low as RBA Outlines Monetary Policy Options
AUD/USD appears to be on track to test the August low (0.7076) as the Reserve Bank of Australia (RBA) provides further details regarding the options for monetary policy.
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Copper Price Outlook Remains Bullish Despite Shift in Risk Appetite
Copper prices may continue to push higher despite a worrying surge in Covid-19 cases and the lack of progress in Congressional stimulus negotiations.
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New Zealand Dollar Gains on RBNZ, But NZD/USD May Follow S&P 500 Lower
While the New Zealand Dollar rose on the RBNZ rate decision, NZD/USD remains at the mercy of risk trends given recent volatility in the S&P 500. Kiwi’s broader decline may continue.
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Market Outlook Ahead of the First Biden-Trump Presidential Debate
What is the outlook for financial markets ahead of the first presidential debate and how are Democratic nominee Joe Biden and President Donald Trump doing in the polls?
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Dow Jones Rebounds, DAX Consolidates, Hang Seng May Form "AB=CD"
Dow Jones Industrial Average futures fluctuated in early Asia hours after rising 0.52% on Tuesday. The VIX term structure flags higher volatility on Election days.
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Gold Price Trades Below 50-Day SMA for First Time Since June
The price of gold appears to be broadly tracking the change in global equity prices, and a further shift in risk sentiment may spur a test of the August low ($1863).
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Nasdaq 100 Recovering? Biden-Trump Election Betting Spread Widens
The Nasdaq index may be at the beginning of a recovery as the Biden-Trump 2020 election betting averages widen to their broadest spread since mid-August.
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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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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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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....