SA Rand Price Forecast: Bear Flag Hints at Continued ZAR Strength

The South African Rand has continued its recent gains vs a weaker dollar after breaking 16.5000. Bearish flag on the 4-hour chart supports a bearish outlook if validated

from DailyFX - Market News https://ift.tt/3iQQX0Y
via IFTTT

EUR/GBP Testing Resistance Ahead of Pivotal EU Council Meeting

Next week’s European Council meeting (Oct 15-16) may well prove to be a turning point for EU/UK trade talks, but which path will it take?

from DailyFX - Market News https://ift.tt/36MTUx1
via IFTTT

US Dollar Forecast: USD/CAD, GBP/USD, EUR/USD Levels to Watch

No news is good news for the equity space, while major FX pairs trade in ranges.

from DailyFX - Market News https://ift.tt/36OftgG
via IFTTT

Canadian Dollar to Outperform as BoC Dismisses Negative Rates

The Canadian Dollar looks poised to outperform the haven-associated Japanese Yen and US Dollar as the Bank of Canada talks down negative rates.

from DailyFX - Market News https://ift.tt/3iHa65m
via IFTTT

GBP/USD Muted Following UK GDP, Brexit Latest Remains Dominant Driver

UK GDP misses estimates, GBP reaction muted amid key focus on Brexit latest

from DailyFX - Market News https://ift.tt/2GyE2ng
via IFTTT

Crude Oil Prices May Be Capped By US Stimulus Uncertainty

Crude oil prices have enjoyed support amid renewed hopes for another round of US fiscal stimulus but follow-through is suspect as traders grapple with frequent policy reversals.

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

Gold Price Bounces Back as Fed Prepares Outcome-Based Forward Guidance

The price of gold pares the decline from earlier this week on the back of US Dollar weakness as the Fed plans to provide a “more explicit outcome-based forward guidance.”

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

S&P 500 Climbs to One-Month High, Nikkei 225 Breaks Key Resistance

US stock indices climbed to their one-month highs alongside a falling US Dollar after the vice presidential debate. Asia-Pacific equities may trade mixed as mainland Chinese markets resume trading.

from DailyFX - Market News https://ift.tt/33JlTM9
via IFTTT

Indian Rupee, Nifty 50 Await RBI as USD/INR Downtrend Steadies

After being postponed, the Indian Rupee and Nifty 50 are awaiting the Reserve Bank of India later today. This is as USD/INR seems to be transitioning into a consolidative state.

from DailyFX - Market News https://ift.tt/33GTpm1
via IFTTT

Nasdaq 100 at Key Resistance as Biden and Harris Surge in the Polls

The tech-leaning Nasdaq index closed just below key technical resistance as Biden and Harris surged in the polls following the vice-presidential debate.

from DailyFX - Market News https://ift.tt/34GOFfs
via IFTTT

Dow Jones & Nasdaq 100 Wrestle With Resistance, Are They At Risk?

The Dow Jones and Nasdaq 100 have fully recovered from Tuesday’s reversal and are probing topside resistance as a result. If resistance holds, will they reverse lower yet again?

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

US Dollar Digestion: EUR/USD, GBP/USD Price Action Setups

The US Dollar has been digesting this week, and there may be a directional change on the horizon in EUR/USD and GBP/USD.

from DailyFX - Market News https://ift.tt/2FfV9JO
via IFTTT

Negative Interest Rates - Can They Stimulate The Economy?

Negative interest rate talk is now commonplace among central bankers across the globe. What are they and do they work?

from DailyFX - Market News https://ift.tt/34G2ScE
via IFTTT

Euro Dollar Forecast: EUR/USD Rangebound Ahead of ECB Policy Meeting Accounts

EUR/USD clings to Fibonacci retracement level as price action awaits ECB minutes

from DailyFX - Market News https://ift.tt/3ntnH3z
via IFTTT

Gold (XAU/USD) Price Rattled by Rising US Treasury Yields

Rising US Treasury yields continue to cap bullish gold momentum with a series of short-term lower highs dominating the daily chart.

from DailyFX - Market News https://ift.tt/3iKgf0q
via IFTTT

New Zealand Dollar Forecast: NZD/USD, AUD/NZD Levels in Focus

RBNZ reiterates negative rate view. NZD/USD, AUD/NZD levels to watch.

from DailyFX - Market News https://ift.tt/3nt23wl
via IFTTT

British Pound (GBP) Latest: GBP/USD Stable, Bailey Optimistic on Brexit Deal

GBP/USD will likely continue to trade sideways ahead of next Thursday’s crucial EU summit, which will discuss the post-Brexit relationship between the EU and the UK.

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

Gold Price Trend Favors Downside, Crude Oil Eyeing OPEC Report Next

Gold prices gained as the US Dollar fell on rising stimulus hopes, but the XAU/USD technical outlook favors the downside. Crude oil prices are eyeing the OPEC World Outlook report.

from DailyFX - Market News https://ift.tt/3iFv7NQ
via IFTTT

EUR/USD Outlook Unfazed by FOMC Minutes as Risk Appetite Improves

EUR/USD appears to be unfazed by the Federal Open Market Committee (FOMC) Minutes even though the central bank warns of a protracted recovery.

from DailyFX - Market News https://ift.tt/3jJKu9k
via IFTTT

NZD/USD Rate Weakness to Persist as RSI Retains Downward Trend

NZD/USD struggles to retain the advance from the September low (0.6512), and the bearish price action may persist as the RSI retains a downward trend.

from DailyFX - Market News https://ift.tt/3jFJtz5
via IFTTT