Wednesday, 30 September 2020

US Dollar: Ready to Rumble with High-Impact Data - EURUSD, AUDUSD

We're now in the final hours of Q3 and the rest of this week brings a plethora of high-impact data points out of the US.

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Will Trade Wars Persist After the US Election?

What will the global economy and international trade regime look like under a Trump or Biden administration and how will that impact foreign exchange markets?

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Rand Report: Why “Lower” Unemployment May Hurt the Rand, USD/ZAR

Stats SA have released the unemployment figures for Q2 showing a decrease in unemployment at a time when the local economy contracted 51%, on an annual basis, in the same period

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EUR/USD Price Remains Under Pressure on Lowly Inflation Expectations

The European Central Bank will need to act further if growth remains low and inflation subdued, President Christine Lagarde suggested earlier today, weighing on the single currency.

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Canadian Dollar Forecast: Key USD/CAD Levels to Watch

In the very short term, price action in USD/CAD is likely to be distorted by month-end flows

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British Pound (GBP) Latest: GBP/USD Easing After Debate, UK GDP, House Prices

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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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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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...