Waning stimulus hopes and upcoming US elections have supported the Yen but how long can this last post-election?
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Thursday, 22 October 2020
Euro Forecast: EUR/USD, EUR/JPY Key Levels, Risk of Setback
Euro trading at rich levels as concerns rise, leaving the currency vulnerable to setbacks.
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British Pound (GBP) Latest: GBP/USD to Consolidate as Brexit Talks Resume
GBP/USD will likely pause for breath after its strong rise Wednesday as EU-UK talks on their post-Brexit relationship begin again in London and extra help for UK businesses is announced.
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Gold Price Rise May Struggle to Continue as the US Dollar Rebounds
Gold prices rose as the US Dollar fell on bets that the Fed will be forced to boost stimulus absent coherent support from the fiscal side. Follow-through may be elusive however.
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Wednesday, 21 October 2020
DAX 30 Index May Extend Fall as Bunds Consolidate Above Key Support
The benchmark DAX 30 index is at risk of extending its 8-day slide lower as German 10-year Bunds eye a push to multi-month highs.
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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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Posts (Atom)
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....