Sunday, 25 October 2020

GBP, AUD, USD Volatility to Swell on Cross-Continental Geopolitical Risks?

The British Pound, Australian Dollar and US Dollar may all experienced heightened periods of volatility as geopolitical risks in North America, Asia and Europe rattle global financial markets.

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Australian Dollar Capped By Resistance Ahead of Q3 Inflation Data

The AUD/USD exchange rate appears to be struggling to overcome key chart resistance ahead of Q3 inflation data as the RBA hints at further easing.

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Dow Jones Futures Fall, Hang Seng Risks Pullback, China Plenum in Focus

Dow Jones futures fell 0.5% on Monday as rising coronavirus cases and related restrictions are souring risk appetite. China’s Party plenum will be held in Beijing this week, with ‘internal circulat...

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US Dollar Still Struggling: USD/SGD, USD/IDR, USD/MYR, USD/PHP

The US Dollar may struggle finding momentum as markets remain in limbo until the presidential election. ASEAN currencies eye US GDP data, earnings, Brexit talks and rising Covid-19 cases.

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S&P 500 Recovery in the Works? Biden Leading in Key Swing States

The S&P 500 index may be in the beginning of a recovery as Biden leads in key swing states following the last presidential debate.

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Markets Week Ahead: Dow Jones, US Dollar, Stimulus, GBP, Brexit, EUR, ECB, JPY, BoJ

Global market sentiment remains fragile heading into a busy week. The Dow Jones and US Dollar eye ongoing fiscal stimulus talks as the election nears. GBP/USD remains glued on Brexit negotiations. ...

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US Dollar Torn Between Q3 Corporate Earnings, US GDP Data, Virus Spike

The US Dollar may seesaw as investors navigate what could be a volatile week packed with US GDP data, rising Covid-19 cases, Q3 corporate earnings and more.

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Saturday, 24 October 2020

Sterling Weekly Forecast - Brexit Talks Continue, Is the End Game Near?

Talks between the EU and UK restarted today and will continue over the weekend as negotiators from both sides battle against the clock.

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Nasdaq 100, DAX 30, Nikkei 225 Forecasts Ahead of Big Tech Earnings

Stocks are set to endure a string of data releases with market-moving potential in the week ahead in the form of tech earnings, European GDP and more, even as the US Presidential election clamors f...

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Friday, 23 October 2020

Euro Forecast: ECB Meeting to Determine Next Major Move in EUR/USD

The longer-term EUR/USD outlook will hinge on Thursday’s ECB guidance; any hint of a further easing of Eurozone monetary policy would weaken it, but that is far from guaranteed.

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Gold Forecast: XAU/USD at the Mercy of a Fiscal Stimulus Deal

Gold prices lack broader direction as the precious metal trends sideways amid conflicting fundamental signals largely due to swings in real yields around fiscal stimulus negations.

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Copper Price Forecast: US Q3 GDP and Chinese PMI in Focus

Copper may be set to extend another leg higher if upcoming key economic data points to a positive recovery in China and the United States

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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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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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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...