Sunday, 18 October 2020

Gold Forecast: Failure to Test Monthly Low Warns of Range Bound Prices

The price of gold may continue to consolidate after failing to test the monthly low ($1873) as it retains the opening range for October.

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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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LIVE: Australian Dollar in Focus on China GDP Data

How will Chinese GDP data impact the Australian Dollar as well as the broader financial markets? Follow the release live here!

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Dow Jones, Hang Seng Weekly Forecast: Eyeing Chinese Data, US Earnings

Wall Street futures edged up on Monday with hopes that Chinese data will lift optimism about economic recovery. US corporate earnings continued to deliver more positive surprises.

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AUD/USD Eyes September Low on More Detailed RBA Forward Guidance

AUD/USD appears to be on track to test the September low (0.7006) as RBA Governor Lowe pledges to not increase the official cash rate (OCR) “for at least three years.”

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Markets Week Ahead: US Dollar, Euro, S&P 500, Oil, China GDP, Global PMIs, Brexit

Financial markets remain volatile in the midst of Brexit negotiations, mounting coronavirus concerns, and US stimulus talks with the November election right around the corner. What's in store for t...

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S&P 500 May Eye Higher Levels on Upbeat Earnings, Stimulus Hopes

The S&P 500 index may shrug off a technical correction and aim for higher levels, buoyed by strong corporate earnings and stimulus hopes. Election and growth risks to be watched.

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Mexican Peso Fundamental Forecast: Dependent on Presidential Election Outcome

USD/MXNtries to consolidate a bearish breakthrough as uncertainty grows around the US presidential election

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Saturday, 17 October 2020

Euro Forecast: EUR/USD Outlook Bearish as Second Wave of Covid-19 Hits Europe

For a while now, the economic damage caused by the coronavirus pandemic has been expected to be less in Europe than in the US. Now, though, that may have to be re-assessed.

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Gold to Retain Inverse Relationship to USD on Dovish Fed Guidance

The price of gold may continue to exhibit an inverse relationship with the US Dollar as the Federal Reserve retains a dovish forward guidance for monetary policy.

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US Dollar (DXY) Forecast - Picking Up a Bid as Stimulus Deal Hopes Fade

The US dollar continues to nudge higher as markets remain on edge ahead of the US election, while US stimulus talks seem to be going nowhere.

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Crude Oil Prices in Jeopardy Ahead of OPEC JMMC Meeting

Crude oil prices are at risk of breaking lower ahead of the OPEC JMMC meeting on October 19 after the IEA revised down its global demand estimates.

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Friday, 16 October 2020

GBP/USD Weekly Forecast: GBP/USD, EUR/GBP Eyes Brexit Latest

GBP caught in the crossfires of back and forth Brexit headlines. Choppy trading conditions to persist.

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ASX 200 Price Forecast: Aussie Index Tags Resistance, Will it Rally?

The ASX 200 has been rangebound since early June, but has approached the topside of its range and threatens a bullish break out. Can bulls press higher or will resistance prevail yet again?

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US Dollar Perks Up as Retail Sales, Sentiment Data Top Forecast

USD price action is attempting to turn higher with the US Dollar reacting positively to better-than-expected US retail sales and consumer sentiment data just crossing market wires.

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How Will Markets React to the 2020 Election?

A second term of Trump or a first term of Biden could have significantly divergent outcomes for the U.S. economy and global financial markets.

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South African Rand Dollar Forecast: USD/ZAR Indecisive as Political Pressure Intensifies

USD/ZAR remains rangebound ahead of presidential election and fears of economic recovery

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FTSE 100 - Latest Recovery Heading into a Cluster of Resistance as EU/UK Trade Talks Unfold

The FTSE 100 is trading in positive territory today after pressing down on a multi-month low on Thursday. A collection of resistance levels lie ahead.

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Brexit Latest: GBP/USD, EUR/GBP Focused on Boris Johnson Decision

Another volatile day looks to be on the cards for the Pound as market participants await PM Johnson’s Brexit response.

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EUR/USD Outlook: Vulnerable to Further Losses on Muted Inflation

EUR/USD at risk of extending its retreat from the monthly high if upcoming inflation data put further pressure on the ECB to adjust its monetary policy settings.

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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...