Friday, 9 October 2020

Gold Price Outlook Dictated By Presidential Polls, Fiscal Aid Hopes

Gold’s resilience in the wake of fading fiscal aid hopes suggests that the price of Bullion may hinge on polling data ahead of US Presidential Elections in November.

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USD/CAD Price Forecast: Dollar-Cad Crushed, Finds Fibonacci Support

It's been a rough week for USD/CAD bulls, and the pair has re-engaged with another key zone of support. But can it hold sellers at bay?

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Crude Oil Trims Recent Gains as Market Flashes Overbought Warning

Brent crude has rallied nearly 10% this week (low to high) on a potent double of supply concerns and growing demand expectations.

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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

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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?

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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.

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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.

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

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

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Thursday, 8 October 2020

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.

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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.”

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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.

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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.

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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.

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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?

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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.

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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?

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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

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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.

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

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

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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.

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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...