Gold Price Outlook: Rising US Dollar Sinks XAU/USD, Will Losses Extend?

Anti-fiat gold prices suffered the worst week since August as the US Dollar gained ground. Will losses extend? All eyes turn to fiscal stimulus hopes and non-farm payrolls data.

from DailyFX - Market News https://ift.tt/3cBCILC
via IFTTT

USD Volatility Ahead? Presidential Debate, Stimulus Talks & NFPs on Deck

The US Dollar will be bracing for a cascade of political risks including the first presidential debate, ongoing stimulus talks, the Supreme Court vacancy against the backdrop of key employment data.

from DailyFX - Market News https://ift.tt/2S0iZfd
via IFTTT

Oil Price Rebound Stalls Ahead of Monthly High with OPEC on Sidelines

The price of oil may continue to trade in a narrow range as the rebound from the September low ($36.13) appears to have stalled ahead of the month high ($43.43).

from DailyFX - Market News https://ift.tt/2S0fvcK
via IFTTT

Australian Dollar May Extend Fall Despite Easing Covid-19 Restrictions

The Australian Dollar may extend its slide lower despite the planned easing of Covid-19 restrictions, as the market continues to price in an RBA rate cut on October 6.

from DailyFX - Market News https://ift.tt/2GfcqTl
via IFTTT

GBP/USD Weekly Forecast: Cautious Optimism Signals a Brexit Deal is Near

GBP turbulence persists as investors eye the next round of EU-UK Brexit negotiations. Cautious optimism signals a deal is near.

from DailyFX - Market News https://ift.tt/3cHWUff
via IFTTT

South African Rand Price Forecast: USD/ZAR Breakout Potential Brewing

South African Rand depreciates against major currencies but remains confined by trendline resistance

from DailyFX - Market News https://ift.tt/33WKWdr
via IFTTT

Australian Dollar Forecast: Key AUD/USD Levels to Watch

US correction and fuelling expectations of RBA easing weighs on the Australian Dollar.

from DailyFX - Market News https://ift.tt/341m5VM
via IFTTT

British Pound Latest (GBP) - Are the UK and EU Nearing a Brexit Agreement?

GBP/USD to remain choppy, while optimism over EU-UK Brexit negotiations are rising.

from DailyFX - Market News https://ift.tt/3i4awlT
via IFTTT

EUR/USD Rates May Extend Slide Lower on Covid-19 Second Wave Fears

The EUR/USD exchange rate is at risk of extending its slide lower as a ‘second wave’ of coronavirus infections in Europe notably sours risk appetite.

from DailyFX - Market News https://ift.tt/33V5VNX
via IFTTT

Dow Jones Rebounds at 23.6% Fibonacci Level, Nikkei 225, ASX 200 Climb

Dow Jones Industrial Average futures climb in early Asia hours after rising 0.29% as the VIX volatility index fell. Asia-Pacific equities look for a relief rebound.

from DailyFX - Market News https://ift.tt/3mPunZI
via IFTTT

USD/CAD Rate Searches for Resistance as RSI Tracks Upward Trend

USD/CAD trades to a fresh monthly high (1.3418) and the exchange rate may continue to search to resistance as the RSI tracks the upward trend established in September.

from DailyFX - Market News https://ift.tt/2HvNDLC
via IFTTT

AUD/USD at Key Support, Trump Popularity Edging Up Despite Virus Spike

AUD/USD may be at a turning point as the pair tests critical support following an intense selling bout. President Donald Trump’s popularity is slightly recovery ahead of the first presidential debate.

from DailyFX - Market News https://ift.tt/2FOHLN7
via IFTTT

Australian Dollar Outlook: AUD/USD Drops to Fresh Two-Month Low

AUD/USD price action fluctuated in a wide trading range on Thursday as bulls and bears battle over the market’s next direction, but the Australian Dollar closed the session in the red and at fresh ...

from DailyFX - Market News https://ift.tt/3i3ax9H
via IFTTT

DAX 30 Price Outlook: German Index Broke Trendline Support, Now What?

The DAX 30 broke beneath a pivotal trendline this week which may have opened the door to further losses. With equity weakness persisting, where might the DAX find secondary support?

from DailyFX - Market News https://ift.tt/33ZV5WG
via IFTTT

Gold Price Forecast Sours as Losses Mount

Gold suffered a substantial pullback this week, erasing weeks of gains and severely damaging important technical structures. As a result, the outlook for the precious metal has soured.

from DailyFX - Market News https://ift.tt/33Z1otB
via IFTTT

USD/CAD Price Outlook: Canadian Dollar Recoils at 100-Day MA

Spot USD/CAD just reversed sharply lower after rejecting its 100-day moving average near the 1.3400-price level. Can the Canadian Dollar continue reclaiming lost ground or will USD/CAD resume its s...

from DailyFX - Market News https://ift.tt/3664KOi
via IFTTT

IBEX 35 Forecast: Rising COVID Infections Exacerbates Bearish Technical Picture

The IBEX 35 index broke lower this week and continues to underperform against the DAX 30 Index and EU 50 Index, as Spain grapples with another round of lockdowns following a rise in Covid cases

from DailyFX - Market News https://ift.tt/3mPCuWg
via IFTTT

Dow, Nasdaq Price Forecast: Sellers Drive as Q4 Open Nears

It was a summer to remember for stock bulls - but now that the calendar has turned into fall, a different market tonality has begun to show itself.

from DailyFX - Market News https://ift.tt/330jb4x
via IFTTT

No Respite for Euro as German Ifo Index Misses Expectations

Germany’s Ifo business climate index came in below economists’ forecasts in September, potentially adding further downside pressure on EUR/USD, which has been hit hard by US Dollar strength.

from DailyFX - Market News https://ift.tt/3hZLx38
via IFTTT

US Dollar Winning the Safe-Haven Battle vs JPY and CHF

US Dollar takes the title of preferred safe-haven against the Japanese Yen and Swiss Franc

from DailyFX - Market News https://ift.tt/33Og0fi
via IFTTT