Sunday, 27 September 2020

Markets Week Ahead: US Dollar, Gold , Dow Jones, Sterling, US Stimulus, NFPs

The US Dollar soared as the Dow Jones and S&P 500 extended losses, gold prices fell. Investors may be growing increasingly impatient for further US fiscal stimulus. The British Pound faces more Bre...

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S&P 500 Price Forecast: US Presidential Election May Spook Volatility

The S&P 500 index may struggle with a consolidation in view of several headwinds. The US presidential election may cool risk appetite and spook volatility.

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Mexican Peso Fundamental Forecast: Banxico Tries to Aid Economic Recovery

USD/MXN pushes higher as a long-awaited correction in the US Dollar gets underway

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Saturday, 26 September 2020

Euro Forecast: EUR/USD Outlook Still Bearish But Bounce Due

EUR/USD fell sharply last week and there are few signs yet that the selling is over. However, a bounce is likely before the decline resumes

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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.

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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.

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Friday, 25 September 2020

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).

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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.

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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.

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

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

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Australian Dollar Forecast: Key AUD/USD Levels to Watch

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

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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.

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Thursday, 24 September 2020

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.

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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.

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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.

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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.

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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 ...

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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?

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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.

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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...

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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...