Monday, 12 October 2020

EUR/USD Clears Monthly Opening Range as ECB Shuns Euro Intervention

EUR/USD may continue to retrace the decline the yearly high (1.2011) as the exchange rate clears the monthly opening range.

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AUD Shows Muted Reaction to China Trade Data with US Election in Focus

The Australian Dollar dismissed disappointing trade balance data out of China as investors remain fixated on US Presidential Election developments.

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Nasdaq Leads Wall Street Gains, China A50 Surges as Xi Visits Greater Bay

Asia-Pacific equities opened broadly higher following strong US leads; big bank earnings are in focus. The China A50 may extend gains as Xi Jinping visits the Greater Bay Area.

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AUD/USD Unfazed by Ban on Australian Coal as Risk Appetite Improves

The improvement in risk appetite may keep AUD/USD afloat as the US Dollar reflects an inverse relationship with investor confidence.

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Japanese Yen, British Pound Rally. USD/JPY Ready to Extend Losses?

The Japanese Yen and British Pound rallied on Monday. This is as tech giants, like Apple and Amazon, saw their shares soar. Could USD/JPY be readying to extend losses?

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Dow Jones Price Outlook: Earnings Season Arrives with Big Banks

The Dow Jones jumped to start the week, ahead of earnings from some of the country’s largest financial institutions. Can earnings impress despite covid and what might it mean for the Dow Jones?

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Crude Oil Outlook Mired by Stimulus Deal as Libya Lifts Supply

Crude oil price action remains volatile amid big shifts in market sentiment due to fiscal stimulus whiplash and headlines highlighting material changes to global oil production.

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Rate Cut Odds Drop for ECB, RBNZ, and RBA as Global Growth Concerns Cool - Central Bank Watch

The big three central banks are in a holding pattern at present time.

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Silver Price Forecast: XAG/USD Bulls Face Stern Resistance

Silver has advanced over the last two weeks but may counter some major resistance to continued bullish momentum.�

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Gold Price Forecast: XAU/USD Attempts to Set Support at Big Level

Gold prices are pushing towards a fresh three-week-high, but it's the levels that Gold is trading above that makes this move so interesting.

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How Will the Election Affect the Stock Market? Dow Jones Forecast

Presidential elections are known to dominate popular culture and news media in the lead up to November, but what does an election do to the stock market?

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Markets Week Ahead: Nasdaq 100, US Dollar, Gold, Stimulus, GPB, Brexit, Earnings

The Nasdaq 100 and gold prices soared as the US Dollar tanked amid rising US fiscal stimulus hopes. Could this continue driving risk appetite next? The British Pound faces the final push for Brexit...

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South African Rand Price Forecast: US Stimulus Hopes Sustaining ZAR

Will optimism around additional US stimulus continue to bolster the Rand?

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British Pound (GBP) Latest - Lockdowns, Brexit and Negative Interest Rates

A busy start to the week with new localized lockdowns mooted, a potentially pivotal Brexit week and BoE negative rate readiness talks

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Euro Rebound Susceptible to Weak Fundamentals, Dovish ECB

The Euro’s rebound higher against its haven-associated counterparts may be at risk if weakening fundamentals force the ECB to ease its monetary policy settings further.

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Sunday, 11 October 2020

US Dollar Outlook: Election Polling, Economic Data, Q3 Earnings Season

The US Dollar could weaken as the markets bet on more fiscal stimulus. However, lackluster economic data could offset those losses as earnings season gets underway.

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Saturday, 10 October 2020

Crude Oil Torn Between Earnings, Fiscal Stimulus Updates & Brexit Woes

Crude oil prices may seesaw between fiscal talks and corporate earnings with Brexit woes and the policy implications for a growing number of Covid-19 cases.

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Euro Forecast: EUR/USD Outlook Murky Ahead of Crucial EU Summit

EUR/USD and EUR/GBP can be expected to tread water ahead of the European Council meting that starts Thursday and will discuss both the Covid-19 pandemic and EU-UK relations post Brexit.

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Sterling (GBP) Weekly Outlook: EU/UK Trade Talks - It's Time to Decide

The UK voted to leave the European Union over four years ago and we are now heading into the week when both sides, potentially, will finally say ‘deal or no-deal’.

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S&P 500 and FTSE 100 Forecasts for the Week Ahead

Path of least resistance is higher for S&P 500 in the absence of notable catalysts. FTSE 100 eyes de-facto Brexit deadline

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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...