Tuesday, 20 October 2020

Gold Price Tracks Monthly Range as Fed Outlines Outcome Based Guidance

The price of gold continues to track the opening range for October as Fed Vice Chair Richard Clarida outlines an outcome-based approach for monetary policy.

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Nasdaq 100 Climbs on Stimulus Hopes, Netflix Misses, Nikkei 225 May Rise

Wall Street futures edged up on Wednesday with cautious optimism on the US relief package. Corporate earnings remained strong despite Netflix’s big earnings miss. Asia-Pacific equities may trade hi...

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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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NZD/USD Tracks Monthly Range Ahead of New Zealand Inflation Report

The update to New Zealand’s Consumer Price Index (CPI) may prop up NZD/USD as the headline reading for inflation is expected to recover in the third quarter.

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S&P 500 Uninspired by Fiscal Talks Ahead of Final Presidential Debate

The S&P 500 may cautiously rise if investors believe a breakthrough in fiscal talks could be made before the November 3 election. Markets now brace for the final presidential debate.

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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/JPY Price Outlook: Dollar-Yen Undermined by Stimulus Hopes

USD/JPY price action has oscillated lower following another rejection of its 50-day simple moving average in the wake of renewed optimism for a fiscal stimulus deal before the November 2020 election.

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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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Silver Price Forecast: XAG/USD Stalls in Anticipation of Stimulus Outcome

Renewed hopes of additional US stimulus measures increase the demand for Silver

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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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IG Client Sentiment Data Sending Bearish Signals for USD/JPY, AUD/USD, GBP/USD | Webinar

Many asset markets are trading within narrow ranges amid concerns about US stimulus, the US election and coronavirus but positioning data still suggest moves on the way for several FX pairs.

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EUR/USD Eyes One-Month High, SURE Bonds Garner Huge Demand

EUR/USD is back above 1.1800 and eyeing a run at the one-month high as the US dollar basket (DXY) slips back towards important support around 93.00.

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Australian Dollar Forecast: AUD/USD, AUD/CAD Breaking Down

Dovish RBA reiterates more monetary stimulus is on the way. Australian Dollar pressured.

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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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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...