US Dollar Correction, GBP/USD Flips to Short, AUD/USD Longs Halved - COT Report

US Dollar short squeeze, GBP flips to net short, while AUD/USD longs are halved.

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British Pound (GBP) Outlook - Brexit Newsflow Continues to Dominate Sterling

The EU and UK agreed to intensify trade discussions this weekend with both sides needing to move towards the middle ground to get even a basic deal agreed.

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Crude Oil Prices Eye ISM Data, US Fiscal Stimulus and Trump Health

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EUR/USD Rates Susceptible to Second Wave of Covid-19, Subdued Inflation

EUR/USD rates are at risk of extending their slide lower if a second wave of Covid-19 infections and subdued inflation forces the hand of the ECB.

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Gold Price Outlook Mired by Downward Trend in RSI

The price of gold may struggle to retain the rebound from the September low ($1849) as the RSI continues to track the downward trend from August.

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British Pound at Risk on EU-UK Brexit Fissure, Trump Fights Covid

The British Pound may come under intense selling pressure as the EU and UK remain divided over Brexit while President Donald Trump fights off the coronavirus.

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ASX 200 Index Outlook Dictated by RBA Rate Decision, Federal Budget

Australia’s benchmark ASX 200 index’s rebound from key support could prove limited ahead of the RBA interest rate decision and Australian Federal Budget.

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NZD/USD Analysis: RSI to Show Bearish Momentum Abating

NZD/USD appears to have reversed coursed ahead of the August low (0.6489), and the RSI may show the bearish momentum abating if it breaks out of the downward trend.

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US Dollar Fell as SGD Rose, PHP Struggled. Trump’s Health, Stimulus Eyed

The US Dollar gave up gains as the Singapore Dollar rose, but the Philippine Peso struggled. ASEAN currencies eye Donald Trump’s health, US fiscal stimulus hopes and Brexit talks.

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AUD/USD May Retreat if Trump Covid-19 Infection Roils Markets

The cycle-sensitive Australian Dollar may fall vs the Greenback if news of Trump’s infection with Covid-19 spoils risk appetite and puts a premium on the haven-linked USD.

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Markets Week Ahead: Dow Jones, Gold, Oil, USD, Trump’s Infection, Stimulus?

The Dow Jones remained composed despite President Donald Trump's Covid infection, pressuring the US Dollar. Now crude oil and gold prices are eyeing a $2.2 trillion fiscal package, will it pass? Br...

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Dow Jones, DAX 30, Nikkei 225 Fourth Quarter Forecasts

Despite losses in September, equity markets rounded out the third quarter with gains as they transition into the fourth quarter. With a looming US Presidential election, further turbulence can be e...

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Japanese Yen Outlook: JPY May Rise as S&P 500 Falls on Stimulus Woes

The anti-risk Japanese Yen may rise if fading US fiscal stimulus hopes and FOMC meeting minutes pressure the S&P 500. What else does it face with the fourth quarter underway?

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Euro Forecast: EUR/USD Outlook Bearish Near Term, Bullish Long Term

EUR/USD is no longer oversold after its bounce last week and an extension of its previous decline now seems likely short term. However, the outlook longer term is more positive.

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Gold May Surrender on Lockdowns, Vice Presidential Debate, Fiscal Stimulus Stalemate

Gold prices may retreat if uncertainty around government lockdown orders, the vice-presidential debate and ongoing fiscal stimulus talks undermine global growth and inflation prospects.

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Dollar Forecast Hinges on Trump and Covid Headlines - For Next Week and Month

The Dollar – like risk assets – ended off this past week with another deep inhalation as market participants held their breath heading into October. With election, coronavirus and economic headline...

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AUD/USD Outlook Hinges on RBA Meeting, Australia Budget Update

Key developments coming out of Australia may influence AUD/USD as the update to the federal budget lines up with the Reserve Bank of Australia (RBA) meeting on October 6.

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British Pound (GBP) Outlook - Sterling Traders Should Prepare For a Volatile Week Ahead

Former British Prime Minister Harold Wilson once said that ‘a week is a long time in politics’ and next week could prove to be a seminal few days for the British Pound.

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US Presidential Election Timeline and Implications for Gold Prices

The price of gold has become more responsive to the macroeconomic landscape since President Richard Nixon took steps to end the Bretton-Woods system starting in 1971.

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S&P 500, Nasdaq Outlook: Stocks Stabilize After Trump Covid Sell-Off

Last night brought a quick jolt of volatility to US equity futures. But that sell-off, so far, has been short-lived, even with a poor NFP report.

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