The Euro rose as the US Dollar sank on the US election. With Joe Biden in the lead, will the EU impose WTO-approved retaliatory tariffs on the US? All eyes are also on the ECB’s forum.
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Friday, 6 November 2020
Gold Price Fundamental Outlook Bolstered by US Dollar Weakness
Gold price action just inked its best weekly gain since late July when the precious metal was in the midst of a bullish breakout. Can gold continue propelling higher on the back of US Dollar weakness?
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Nasdaq Rally Pauses as Trump Contests Election Votes for Biden
Stocks are up massively this week with the Nasdaq surging nearly 10% in the wake of the election, but the tech-heavy equity index has started to slip on fear that Trump will contest votes for Biden.
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U.S. Presidential Election Impact on Markets: Initial Reaction
It appears that Democrat Joe Biden will be the next president of the United States. What does this mean for financial markets?
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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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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?
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US Dollar Selloff Unfazed by NFP Data with Focus on Election
The US Dollar bounced in response to solid nonfarm payrolls data, but the rebound looks short-lived with USD price action facing heavy selling pressure as election results point to a Biden presidency.
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USD/JPY - A Fresh Eight-Month Low Ahead of US Jobs Report as Vote Count Continues in Key States
The US dollar may be set for another bout of volatility later in the session with the release of the monthly US jobs report.
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British Pound Latest: US Dollar Driving GBP/USD Gains, EUR/GBP Upside Capped
US Dollar remans key driver behind GBP/USD gains. Bias to fading EUR/GBP rallies .
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Thursday, 5 November 2020
Gold Price Outlook: Bullion Aiming Higher on Dovish FOMC, Biden Lead
Gold prices may continue to push higher on the back of the increasing likelihood of a Biden presidency, ‘Blue Wave’ hopes and a dovish Federal Reserve.
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Crude Oil Prices Sink, Gold Soars on US Vote Count as Jobs Report Nears
Crude oil prices fell as Joe Biden gained votes and Saudi Arabia announced price cuts in Asia. Anti-fiat gold prices soared before US jobs data. Is XAU/USD readying to push higher?
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Indian Rupee, Nifty 50 Forecast: USD/INR Sinks on US Election, Index Eyes Record High?
The Indian Rupee and Nifty 50 rose as markets bet on a Joe Biden election win. Will USD/INR retest September lows? Might India’s benchmark stock index push towards new all-time highs?
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Dow Jones Eyes Higher Highs on Tight Election Race, ASX 200 May Rise
US stocks climbed four days in a row as Biden appears to lead the race with narrow advantage after he took several key swing states. Asia-Pacific stocks may rise. US non-farm payrolls in focus.
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US Dollar May Rebound as Presidential Election Results Solidify
The US Dollar may rebound as markets ponder limited scope for fiscal and monetary stimulus after results of the presidential election solidify.
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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.
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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.
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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.
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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?
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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.
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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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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...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...