Gold Price Forecast: Precious Metals Soar as US Dollar Sinks

Gold and silver price action surges to multi-week highs with precious metals advancing on the back of broad-based US Dollar weakness as volatility simmers in the wake of the election.

from DailyFX - Market News https://ift.tt/2I40aWS
via IFTTT

Canadian Dollar Forecast: USD/CAD Falls to Big support

USD/CAD underwent a significant reversal this week, weathering both the Presidential election and a Federal Open Market Committee meeting. The pair has slipped to major support as a result.

from DailyFX - Market News https://ift.tt/2IcZKgI
via IFTTT

US Dollar, S&P 500 Overlook FOMC Rate Decision as Election Drags

The US Dollar and S&P 500 changed little in response to the latest Federal Reserve interest rate decision with the central bank leaving its monetary policy stance unchanged as widely expected.

from DailyFX - Market News https://ift.tt/365x8OU
via IFTTT

DAX 30, FTSE 100, CAC 40 Forecasts for the Week Ahead

While US stocks have led the charge higher this week, the DAX 30, FTSE 100 and CAC 40 have enjoyed rallies of their own, retaking key technical levels in the process. What’s next?

from DailyFX - Market News https://ift.tt/2I9vjZd
via IFTTT

Mexican Peso Outlook: USD/MXN Election Reversal to Multi-Month Low

The Mexican Peso is poised for a third weekly advance as USD/MXN breaks to fresh eight-month lows. Here are the levels that matter on technical charts post-election.

from DailyFX - Market News https://ift.tt/2IcnrWs
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3l38chc
via IFTTT

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.

from DailyFX - Market News https://ift.tt/2U31bRz
via IFTTT

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?

from DailyFX - Market News https://ift.tt/3mW6aQB
via IFTTT

Japanese Yen Forecast: USD/JPY Approaches Multi-Year Significant Level

A likely Biden Presidency weighs on the greenback, pushing USD/JPY to critical level.

from DailyFX - Market News https://ift.tt/3k0Peq4
via IFTTT

Bitcoin (BTC) Powers to a Near Three-Year High, Ethereum (ETH) Lags the Move

Bitcoin continues its recent push higher and is now back at highs last seen nearly three years ago. Ethereum is also on the move but is lagging Bitcoin’s advance.

from DailyFX - Market News https://ift.tt/2I0irUZ
via IFTTT

Goldilocks Scenario for Markets After US Election: Risk Assets to Benefit

The US Election results, with Democrat Joe Biden expected to be President but the Republicans to hold on to the Senate, is a perfect combination for higher stock prices and a weaker US Dollar.

from DailyFX - Market News https://ift.tt/34Zw67H
via IFTTT

Bank of England Ramps Up QE Program, Rates Left Unchanged, Sterling Pushes Higher

The UK central bank increased its bond-buying program by a larger than expected GBP150 billion and voted unanimously to keep the bank rate unchanged

from DailyFX - Market News https://ift.tt/2Gtxzty
via IFTTT

EUR/USD Rates to Rise as Biden Closes in On Presidency Ahead of FOMC

EUR/USD rates may move higher in the short term as a Joe Biden presidency becomes increasingly likely ahead of the FOMC monetary policy meeting.

from DailyFX - Market News https://ift.tt/32epzEu
via IFTTT

Gold and Crude Oil Price Outlook Hinges on Close US Election Race, Fed

Gold prices gyrated as crude oil prices rose on US election results. The race is still close and the uncertainty carries risks. Will the Fed soothe markets? Where do XAU/USD and WTI stand?

from DailyFX - Market News https://ift.tt/3mYeNu5
via IFTTT

USD May Rebound as Election Polls Narrow in Key States - What Next?

The US Dollar may catch a haven big as the spread between Biden and Trump narrow in a handful of key states which may determine the fate of this election.

from DailyFX - Market News https://ift.tt/3jZs4Av
via IFTTT

S&P 500 May Lead Nikkei 225 Higher as Biden Wins Key Swing States

US equity futures climbed as Biden took Michigan – a key swing state. Rising odds of a Democratic president boosted sentiment. The Nikkei 225 index looks set to trade higher following strong US leads.

from DailyFX - Market News https://ift.tt/3oZITPu
via IFTTT

Stocks May Surge if Biden Claims Nevada and Arizona After Michigan Win

The S&P 500 will continue to be on edge as votes in key states like Nevada and Arizona cross headlines. What are the margins looking like?

from DailyFX - Market News https://ift.tt/362xbLm
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3iCCIfQ
via IFTTT

Dow Jones Price Outlook: Election Rally Sends DJIA to Overbought Territory

An aggressive stock rally that surrounding the election has seen the Dow Jones rally from oversold to overbought territory in mere days. With the election still undecided, where is it headed next?

from DailyFX - Market News https://ift.tt/3oULgTH
via IFTTT

Nasdaq 100 Forecast: Tech Stocks Soar Despite Election Uncertainty

The Nasdaq 100 was more than 4% higher during Wednesday trading despite ongoing election uncertainty and a plethora of other event risk to round out the week. Does this signal another leg higher?

from DailyFX - Market News https://ift.tt/328WiLt
via IFTTT