Wednesday, 21 October 2020

Brexit Latest: GBP/USD Extends Gains, Brexit Talks to Resume

Brexit talks are reportedly set to resume, prompting a fresh bid in the Pound. Confirmation expected within 24hours

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Chinese Yuan (CNH) Driving Currency Markets, However, Trump Risk Remains

Chinese Yuan key driver across G10 FX. However, while Beijing appear calm over Yuan, Trump risk remains.

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USD/ZAR (Rand) Price Forecast: Pre-election Stimulus Package Revisited

Could the US stimulus package provide the catalyst to further ZAR strength and break out of the recent consolidatory cycle?

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USDJPY Price Hits a One-Month Low as the US Dollar Continues to Crumble

The US dollar has broken a noted support level and is trading at a six-week low, pulling USDJPY back below 105.00.

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British Pound (GBP) Latest: GBP/USD Shrugs Off Dire UK Borrowing Data

GBP/USD is holding its ground despite news of a surge in UK public sector borrowing, debt at its highest since 1960 and a rise in UK inflation. The FTSE, though, is weakening.

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Canadian Dollar Outlook: Retail Sales Data May Fuel USD/CAD Downtrend

Retail sales and inflation data is likely to dictate the outlook for the Canadian Dollar after the Bank of Canada confirmed negative rates remain part of the toolkit.

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Tuesday, 20 October 2020

Crude Oil Prices Edge Higher on Weaker US Dollar, EIA Report in Focus

WTI crude oil prices attempted to break a key resistance level at US$ 41.50, buoyed by a weaker US Dollar and US stimulus hopes. Wednesday’s release of EIA crude inventory data is in focus next.

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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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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...