Monday, 19 October 2020

Canadian Dollar Price Forecast: USD/CAD Support, AUD/CAD Breakdown

USD/CAD is re-testing a key area on the chart, but the breakdown in AUD/CAD has been fairly clear following last week's descending triangle.

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Trump Vs. Biden on Economies and Markets

Depending upon the outcome of the November presidential election, the US economy could take very different tracks.

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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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Rand (ZAR) Update: Funding the Recovery Plan, Budget Speech in Focus

The South African Rand (ZAR) weakened to R16.70 to the dollar in the lead up to the economic recovery plan on Thursday. ZAR back near the psychological 16.50 mark

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Silver Price (XAGUSD) Rallying Through Short-Term Trend Resistance

Silver is following short-term support higher and is now pushing through trend resistance as the two lines intersect.

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British Pound (GBP) Latest - Post-Brexit Trade and Covid-19 Vaccine Talks Supporting Sterling

The EU and UK will continue post-Brexit trade talks today in an effort to break the current impasse, helping to underpin the British Pound at the start of the week.

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S&P 500 Index to Track Progress on US Stimulus Ahead of Deadline

The benchmark S&P 500 index’s near-term outlook continues to hinge on US fiscal aid talks as House Speaker Pelosi announces a 48-hour deadline to reach an agreement.

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Sunday, 18 October 2020

Crude Oil Prices Challenge Chart Resistance After Chinese Economic Data

Crude oil prices are testing key chart resistance after the release of Chinese economic data, which pointed to a gradual recovery in world’s second-largest economy.

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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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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...