Tuesday, 20 October 2020

British Pound (GBP) Latest: GBP/USD Range Trading to Persist Amid Brexit Impasse

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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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...