GBP/USD continues to trade narrowly between the October 12 high at 1.3082 and the 1.2861 lows touched on October 14 and 16. Sideways trading will likely persist while EU-UK Brexit talks remain on h...
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Tuesday, 20 October 2020
Gold Prices May Fall Further as US Fiscal Stimulus Hopes Fizzle
Gold prices fell with stocks as hopes for a near-term US fiscal stimulus boost faded, lifting the haven Dollar. More of the same may be ahead as a key deadline looms.
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US Dollar Index Trades in Price Channel Ahead of US Stimulus Deadline
The US Dollar index continues to trade within the confines of a Descending Channel ahead of the deadline on US Congressional stimulus negotiations.
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Monday, 19 October 2020
EUR/USD Rate Outlook Hinges on US Fiscal Stimulus, ECB Rate Decision
EUR/USD may stage a larger recovery over the coming days as the ECB appears to be on track to retain the current policy at the next interest rate decision on October 29.
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British Pound Under Pressure as Brexit Talks Beleaguer UK & EU Officials
The British Pound may fall if EU and UK negotiators fail to reach a consensus as the December 31 deadline nears. The third presidential debate is on deck, how might markets react?
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New Zealand Dollar Outlook: NZD/USD, NZD/JPY Hinge on Inflation Data
Upcoming Q3 inflation data will likely determine the near-term outlook for the New Zealand Dollar as the RBNZ continues to flag the implementation of negative rates.
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Dow Jones Sinks, Hang Seng May Follow. ASX 200 Could Rise on Dovish RBA
The Dow Jones plunged alongside pre-election fiscal stimulus hopes, will the Hang Seng Index follow Wall Street lower? The ASX 200 may rejoice on more dovish rhetoric from the RBA.
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USD/CAD Rebound Sputters Ahead of Looming Vote on US Fiscal Stimulus
Fresh developments coming out of the US may influence USD/CAD as Congress prepares to vote on another round of fiscal stimulus.
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AUD/USD Downtrend to Accelerate? Election Betting Odds Defying Polls
AUD/USD may face heightened liquidation pressure as support and descending resistance converge. Polling data shows Biden in the lead, but betting odds are telling a different story.
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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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USD Price Outlook: US Dollar Mired by Fiscal Stimulus Deadline
US Dollar outlook continues to hinge predominantly on whether or not House Democrats and Senate Republicans can set aside their differences to agree on a stimulus package before the election.
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Euro Dollar Forecast: EUR/USD Tests Trendline Resistance
EUR/USD tests trendline resistance as USD weakens amid renewed optimism for US stimulus.
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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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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...
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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....