Thursday, 22 October 2020

Gold Price Uptrend at Risk Ahead of Third Presidential Debate?

Gold prices may rise if the final presidential debates reinforces Mr. Biden’s lead in the polls and softens demand for the haven-linked US Dollar.

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ASX 200 and Nikkei 225 Price Forecasts for the Week Ahead

The ASX 200 and Nikkei 225 look to be on the verge of bullish break outs, but unsteady risk appetite has delayed a confident move. Can the two indices press higher?

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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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Bitcoin Price Analysis: BTCUSD Breakout Bursts Through Big Resistance

Bitcoin is breaking out in a big way, even as Gold and Silver remain in sluggish patterns of digestion.

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US Dollar Outlook: PMI Data to Fan Stimulus-Driven Volatility

The US Dollar attempts to stabilize and turn higher on Thursday following a sharp slide over the last few trading sessions as fiscal stimulus optimism simmers ahead of high-impact global PMI data due.

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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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Gold Battles with Resistance, Silver Respects Supportive Trend

Gold is gently moving higher and setting up a fresh attempt at the short-term resistance. Silver is also moving higher, helped by a short-term trend.

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USD/JPY Price Forecast: Investors Flock to Yen’s Safe-haven Appeal

Waning stimulus hopes and upcoming US elections have supported the Yen but how long can this last post-election?

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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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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...