Tuesday, 27 October 2020

Japanese Yen Outlook: Wait-and-See Bank of Japan May Bolster JPY

Souring market sentiment and the Bank of Japan’s wait-and-see approach to monetary policy may fuel the Japanese Yen against its major counterparts.

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Dow Jones Falls on Rising Virus Cases, Hang Seng Vulnerable to a Pullback

The Dow Jones fell for a third day after a higher number of coronavirus cases were reported in the US, France and Germany. Asia-Pacific stocks might be vulnerable to a pullback amid souring sentiment.

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S&P 500 Near Key Inflection Point With Election One Week Away

The S&P 500 may challenge a key inflection point as the benchmark index faces heightened liquidation pressure amid a spike in Covid-19 cases one week ahead of the US presidential election.

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Nasdaq 100 Outlook Steadied as Microsoft Beats Earnings Expectations

Technology giant Microsoft announced earnings after the close Tuesday, beating Wall Street expectations. This could help bolster the Nasdaq 100 ahead of other upcoming earnings.

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AUD/USD Price Outlook: Australian Dollar Braces for Inflation Data

AUD/USD price action looks ripe for volatility during Wednesday’s trading session with potential for the upcoming release of high-impact Australian inflation data to send the Aussie-Dollar swinging.

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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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S&P 500 Price Forecast: SPX Tests Huge Zone at Bull Flag Support

It was a crude start to the week for US stocks, but the S&P 500 remains in a bull flag formation while holding on to a big area of long-term support.

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VIX Index: US Election Uncertainty to Drive Market Volatility

The VIX Index tends to rise as the US presidential election approaches as investors hedge against potential downside risk that can arise from such a turbulent event.

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US Presidential Election Timeline and Implications for Gold Prices

The price of gold has become more responsive to the macroeconomic landscape since President Richard Nixon took steps to end the Bretton-Woods system starting in 1971.

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AUD/USD, GBP/USD, Silver & More: Charts & Technical Analysis

Aussie has a solid line of support to watch, Cable channel dictating the price action, while silver tight-ropes a trend-line from March.

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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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Bullish Signals for NZD/USD, Bitcoin From Market Sentiment Data | Webinar

IG Client Sentiment figures, which track the positioning of retail traders, are sending out bullish contrarian trading signals for both NZD/USD and Bitcoin.

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Gold Price - Looking For a Reason to Range Break as Volatility Wanes

Gold is heading nowhere fast and needs a driver to break the current restrictive trend. A fragile equity space, dollar weakness, and US presidential elections are all capable of driving the next move.

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EUR/GBP Analysis: Brexit Hopes Bolster Pound Sterling

EUR/GBP has shown minimal price action of late but will upcoming EU economic data and Brexit negotiations be the catalysts needed to establish a directional bias?

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EUR/USD Outlook: Euro Battles Support, ECB May Signal December Action

Short-term support keeps EUR/USD afloat for now, ECB to address the worsening Eurozone growth outlook.

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British Pound (GBP) Latest: GBP/USD Still Sliding Lower as Brexit Talks Continue

Brexit talks are still taking place, and there are still hopes of a deal, but no progress is likely before the US elections next Tuesday.

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S&P 500 Index Perched At Key Support as Fiscal Aid Hopes Evaporate

The S&P 500 index is at risk of extending its fall from the monthly high as fiscal aid hopes evaporate and Covid-19 cases surge.

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Monday, 26 October 2020

Crude Oil Prices Fall as Second Viral Wave Dampens Demand Outlook

WTI crude oil prices fell for a second day as a resurgence in coronavirus cases around the globe weighed on the energy demand outlook. EIA’s crude inventory report in focus.

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Dow Jones Pulls Nikkei 225, ASX 200 lower on Alarming Covid-19 Resurgence

The Dow Jones tumbled 2.29% on Monday as a rapid surge in coronavirus cases across the US and Europe dampened growth prospects. The Nikkei 225 and ASX 200 risk a pullback.

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AUD/USD Forecast: Chinese Industrial Profits Flash Global Growth Warning?

The Australian Dollar didn’t appreciate fading Chinese industrial profits as roadblocks risk undermining global growth recovery bets. Will AUD/USD fall on bearish technical cues?

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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...