Tuesday, 3 November 2020

Gold Price Setup Ahead of US Presidential Election, Swing State Outlook

What is the outlook for gold ahead of the election, and how might it react to a Biden or Trump win? Investors are bracing for what will be an intense couple of hours.

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Dow Jones Charges Higher as US Election Day Unfolds, What Now?

The Dow Jones recorded its biggest daily gain since July as stocks charged higher ahead of the election. Unlike recent rallies, the move had broad participation and every sector was higher. What’s ...

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Gold Price Forecast: Gold Threatens Election-Night Breakout

Is this it? Are Gold prices finally going to break out again after spending most of the past four months digesting?

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USD Price Outlook: US Dollar Volatility Ramps into Election Day

USD price action is heating up with the November 2020 election day underway. The US Dollar has weakened sharply so far against major FX peers, but a volatile trading session could be in store.

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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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Sentiment Data Sending Bullish Signal for USD vs EUR Pre-Election, Bearish for SPX

IG client sentiment data, which track the positioning of retail traders, are sending out a bullish signal for the US Dollar vs the Euro but a bearish signal for the S&P 500 ahead of the US elections.

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EUR/USD Tests 1.1700 on Pre-Election US Dollar Weakness

The US dollar is weaker ahead of the US presidential election and that is helping EURUSD re-test the 1.1700 level. Client sentiment, however, remains bearish.

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US Election Playbook: What You Need to Know Ahead of the US Election

The US Election takes centre stage for market participants. Polls remain in favour of Biden, however, key battlegrounds show a tighter race.

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Trump Vs. Biden on Economies and Markets

Depending upon the outcome of the November presidential election, the US economy could take very different tracks.

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British Pound (GBP) Latest: GBP/USD Focus on Election, Brexit, Bank of England

The principal driver of GBP/USD short-term will be the results of today’s US elections but traders also need to keep one eye on the post-Brexit trade talks and this Thursday’s Bank of England meeting.

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DAX 30 Index Approaching Key Resistance As Germany Locks Down

Germany’s benchmark DAX 30 index is at risk of extended losses as local authorities hint at an extension of the nation-wide lockdown if Covid-19 cases continue to rise.

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Monday, 2 November 2020

Gold Price Coils Up Ahead of Election on Improved Sentiment, Weaker USD

Gold prices are coiling up in a tight range ahead of the US presidential election. Precious metal prices were underpinned by improved market sentiment and a weakening US Dollar.

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Will Trade Wars Persist After the US Election?

What will the global economy and international trade regime look like under a Trump or Biden administration and how will that impact foreign exchange markets?

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Silver, Copper Brace for US Election Results, Fate of Stimulus, Trade Wars

Silver and copper prices are consolidating ahead of the US election with the fate of another fiscal package and trade wars on the table. How can these react in the days ahead?

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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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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...