Wednesday, 21 October 2020

S&P 500 Futures Lower on Election Security Issues, APAC Stocks May Fall

S&P 500 index futures tumbled after major election security issues linked to Iran and Russia were reported. The Hang Seng Index looks set to open lower alongside the ASX 200 and Nikkei 225.

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EUR/USD May Challenge 2-Year Resistance. Fiscal Talks Making Headway

EUR/USD may challenge a key resistance zone as fiscal talks show signs of progress ahead of the final presidential debate.

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Nasdaq 100 Outlook: Tesla Beats Earnings Expectations, Shares Pop

Tesla reported its third quarter earnings after the close Wednesday, beating out expectations and enjoy a quick surge in after-hours trading. What does this mean for the broader Nasdaq 100?

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IBEX 35 Forecast: Index on its Backfoot as Virus Cases Accelerate

Spain's IBEX 35 Index continues to underperform against its regional peers amid rising Covid infections and renewed lockdown procedures.

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Canadian Dollar Forecast: USD/CAD Stalls, GBP/CAD & NZD/CAD Soar

USD/CAD price action plummeted over recent trading sessions as the Canadian Dollar strengthens vs the Greenback, but the Loonie now faces immense selling pressure against its GBP and NZD peers.

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Dow Jones Price Forecast: Earnings and Stimulus to Dictate Direction

The Dow Jones has seen its ascent slow in recent days as earnings season and stimulus talks inject uncertainty into the market. Can traders brush aside their concerns and drive the Dow higher?

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Dollar vs Mexican Peso Outlook: USD/MXN Buckles Below Key Support

Dollar is threatening a third consecutive weekly decline vs Mexican Peso as USD/MXN approaches the September lows. Here are the levels that matter on technical charts.

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Gold Price Forecast: XAU Bulls Tempt Breakout - but Can They Drive?

Gold prices are threatening a bullish breakout as they trade above the historically important 1920 level. But can Gold bulls retain control?

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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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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...