Friday, 23 October 2020

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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US Dollar Firms on Solid PMI Data as Stimulus Hope Fades

The US Dollar is turning higher on back of an upbeat PMI report and renewed doubts for a stimulus deal before the election.

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Rand Update: ZAR Strength May Be Short Lived Ahead of Budget Speech

The ZAR posted gains vs the dollar this week in the lead up to a busy week comprising of unemployment data and the delayed Mid-Term Budget speech

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British Pound (GBP) Latest - PMIs Warn of Q4 Slowdown, Brexit Talks Continue

The latest Markit PMI figures suggest that while the economy expanded in October, the rate slowed considerably compared to September.

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EUR/USD Outlook: Robust Manufacturing Sector Pushes Euro Higher

Euro finds support this morning as a robust manufacturing sector defies expectations.

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Thursday, 22 October 2020

How to Trade the Impact of Politics on Global Financial Markets

In a slowing global economy, the threat of geopolitical risks destabilizing global growth are elevated and open the door to violent volatility – and trading opportunities.

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Crude Oil Prices May Rise on US Stimulus Hopes, PMI Data

Crude oil prices may rise on firming hopes for a near-term round of US fiscal stimulus coupled with firming PMI data. A soggy demand outlook might cap gains however.

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Dow Jones Underpinned by Jobs and Housing Data, Final Debate in Focus

Dow Jones futures extended gains after rising 0.5% on Thursday, supported by better jobs data and a strong rebound in existing homes sales. Asia-Pacific equity markets look set to trade mixed.

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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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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...