Monday, 2 November 2020

Australian Dollar Spikes Lower as RBA Cuts Rates, Launches QE Program

The Australia Dollar spiked lower against its major counterparts after the Reserve Bank of Australia cut the official cash rate and introduced a $100 billion QE program.

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Dow Jones Climbs Before Election, Sending Heatwaves Across Asia-Pacific

The Dow Jones rose 1.6% a day before the US election, setting a positive tone for Asia-Pacific equities. Markets appeared to have anticipated a “Blue Wave” election outcome, which is perceived stoc...

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Crude Oil Prices Ripe for Rebound One Day Ahead of Presidential Election?

Crude oil prices may be ripe for a rebound as the cycle-sensitive commodity shows signs of bottoming out at key support less than 1 day before the US presidential election.

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Australian Dollar Forecast: AUD/USD Tests Support Ahead of RBA

AUD/USD probes the critical 0.7000-price level once again as the pro-risk Australian Dollar faces broader selling pressure headed into the upcoming RBA decision, but will support hold?

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Nasdaq 100 Pre-Election Outlook: What Sectors Are at Risk?

Technology stocks have been a weak spot over the last two weeks as traders shy away from some of the market’s most risky assets. Will pain continue after the election or is recent weakness a mere b...

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Canadian Dollar Price Forecast: USD/CAD, AUD/CAD, GBP/CAD

In an extremely busy week out of the US, CAD traders may want to look away from the US Dollar; and there's potential in both AUD/CAD and GBP/CAD.

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Euro Forecast: Bearish Momentum Accelerating in EUR/JPY, EUR/USD

Weak economic data and a fresh wave of lockdowns have investors reconsidering the Euro at the start of November.

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Gold Price Outlook Mired by Election; Watch VIX & Real Yields

Gold price outlook is clouded by heightened uncertainty around the election outcome, but other high-impact event risk this week like the FOMC rate decision and NFP data due could also weigh on prec...

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How Will Markets React to the 2020 US Presidential 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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Dow Jones Index Boosted by Upbeat ISM Manufacturing Data

The Dow Jones Index continued to move higher on Monday following an upbeat ISM manufacturing report

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Markets Week Ahead: Nasdaq 100, Gold, US Dollar, Crude Oil, All Eyes on Election

US stocks suffered their worst week in over 7 months as the Nasdaq 100, Dow Jones sank. Gold prices fell as the liquid US Dollar rose. The US Presidential Election and rising Covid-19 cases are lik...

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British Pound (GBP) Latest - Lockdown 2.0 Announced, Brexit Talks Continue

The UK is going back into lockdown this week for at least another month as the spread of Covid-19 continues. There may be some good news from Brexit talks though.

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Sunday, 1 November 2020

Euro Price Outlook: Covid-19 Lockdowns to Weigh on EUR/USD, EUR/JPY

EUR/USD and EUR/JPY rates could extend losses in the near term should upcoming PMI and retail sales out of the Euro-zone undershoot market expectations.

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S&P 500 Stares into Abyss as Equity Selloff Deepens Ahead of US Election

The S&P 500 may extend its decline as rising coronavirus cases drag equity markets lower ahead of the highly-anticipated and controversial US presidential election.

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Gold Price Outlook: Election Uncertainty to Weigh on Precious Metals

Gold prices are at risk of further losses as President Donald Trump claws back lost ground against his Democratic challenger Joe Biden in the national polls.

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US Dollar May Rise on Election Risk: USD/SGD, USD/IDR, USD/MYR, USD/PHP

The US Dollar may rise against ASEAN currencies as the presidential election risks inducing volatility. USD/MYR is eyeing the Bank of Malaysia, USD/IDR to Indonesian GDP.

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Dow Jones, Hang Seng Weekly Forecast: US Election and FOMC in Focus

Asia Pacific stocks may look for a rebound after two weeks of heavy selloff. Traders embrace a week full of event risks, including the US presidential election, FOMC meeting and nonfarm payroll data.

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AUD/USD on Edge of Key Support Less Than 2 Days Before US Election

AUD/USD has been trading near critical support, though it has been reluctant to break lower. Are traders waiting for the outcome of the US presidential election?

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Markets Week Ahead: Nasdaq 100, Gold, US Dollar, Crude Oil, All Eyes on Election

US stocks suffered their worst week in over 7 months as the Nasdaq 100, Dow Jones sank. Gold prices fell as the liquid US Dollar rose. The US Presidential Election and rising Covid-19 cases are lik...

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Nasdaq 100, Dow Jones, DAX 30 Forecasts for the Week Ahead

Stocks capped off their worst month since March and run the risk of suffering further losses after multiple levels of support were breached. Where are stocks headed in the week ahead?

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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...