GBP/USD is slipping lower after the US Presidential debate led to a modest ‘risk-off’ tone in the markets. UK second-quarter GDP has been revised higher and UK house prices have risen again.
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Wednesday, 30 September 2020
Nasdaq 100 Reacts to Key Resistance as Market Awaits Fiscal Stimulus
The Nasdaq 100 index’s rebound from the monthly low seems to be running out of steam as the prolonged wait for much-needed fiscal aid saps investors' sentiment.
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Tuesday, 29 September 2020
Gold, Silver Price Analysis: Weighed by Stronger US Dollar Post-Debate
Gold and silver prices paused a 3-day rally as US Dollar rose after the first US presidential election debate. Key support levels can be found at US$ 1,875 and US$ 22.90 respectively.
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USD/CAD Outlook: August High Still on Radar as RSI Tracks Upward Trend
The August high (1.3451) remains on the radar for USD/CAD as the RSI tracks the upward trend established in September and approaches overbought territory.
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USD Unfazed While SPX Set to Open Higher Following Presidential Debate
The US Dollar held firm while S&P 500 futures nudged marginally higher after the first presidential debate of the US 2020 elections took centerstage.
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Dow Jones Eyes First US Election Debate, Hang Seng Index May Rebound
The Dow Jones Industrial Average was in a cautious mode ahead of the first US presidential election debate. The Hang Seng Index may enjoy a relief rebound after Evergrande stroke a debt deal.
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NZD/USD Recovery Takes Shape Following Failure to Test August Low
A further improvement in risk appetite may fuel a larger recovery in NZD/USD amid the inverse relationship between the US Dollar and investor confidence.
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XAU/USD, Equity Markets Anxiously Eye First Presidential Debate
Gold prices and stock markets will be nervously eyeing the first 2020 US presidential debate between Joe Biden and Donald Trump amid ongoing US fiscal stimulus talks.
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Canadian Dollar Forecast: CAD/JPY Hovers Over Major Support
The Canadian Dollar has weakened alongside equity markets in September, sending CAD/JPY to test major support. With the market tip-toeing between risk appetite and aversion, where is the pair headed?
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DAX 30 Forecast: What to Expect in the Week Ahead
The DAX 30 rebounded to start the week until a continuation higher was undermined by weakness in US equities. Consequently, price has stalled at nearby resistance.
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Central Bank Watch: BOE, ECB, & Fed Rate Expectations; EUR/USD, GBP/USD, & USD/JPY Positioning Update
The ECB has seen rate cut odds creep forward, while BOE odds are unmoved by the latest Brexit headlines.
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US Dollar Price Forecast: USD Pulls Back as US Data Releases Begin
September has so far brought a bullish bump into the USD - but can it last through the next four days of high-impact data releases out of the US?
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GBP/USD, GBP/JPY, USD & More: Charts & Technical Analysis
Sterling looks vulnerable versus both USD and JPY, DXY pullback is taking price into support zone.
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How Does the Stock Market React to the First US Presidential Debate? - US Market Open
With all eyes on the First US Presidential Debate, here is how the stock market typically reacts.
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Market Sentiment Rally Lifts EUR, GBP, AUD, but Stocks Lag | Webinar
Trader confidence is rising in the FX market, benefiting ‘risk-on’ currency pairs like EUR/USD, GBP/USD and AUD/USD. However, there is less confidence in the stock markets.
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Japanese Yen Outlook: Key USD/JPY Levels Amid Month-end Rebalancing
USD/JPY and cross-yen faces upside risks in the short term amid month-end rebalancing.
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British Pound (GBP) Latest: Stronger all Round as Brexit Talks Resume
GBP/USD is firmer and many Sterling crosses are higher on a minor risk rally. That’s despite a lack of progress in the EU-UK talks on a post-Brexit trade deal.
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DAX 30 Index Rebound at Risk on Merkel's Warning, Covid-19 Second Wave
Germany’s DAX 30 index’s rebound may prove short-lived as a worrying surge in Covid-19 infections threatens to upend the nation’s economic recovery.
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Monday, 28 September 2020
Crude Oil and Gold Prices Eyeing Pelosi-Mnuchin Meeting on Stimulus
Crude oil and gold prices gained on US fiscal stimulus hopes. Ahead, the focus for WTI and XAU/USD shifts to a meeting between Nancy Pelosi and Steven Mnuchin.
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EUR/USD Rate Trades in Defined Range Despite Dovish ECB Guidance
EUR/USD may trade within a defined range over the coming days as the European Central Bank (ECB) appears to be in no rush to alter the path for monetary policy.
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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....