Sunday, 8 November 2020

S&P 500, Nikkei 225 Weekly Forecast: Stimulus and Pandemic in Focus

Asia Pacific stocks may gain on Biden’s victory, with post-election stimulus and foreign policy in focus. Nikkei 225 reaches its highest level since 1991. Risk-linked AUD, NZD and CNH strengthened.

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Dollar May Turn Higher After US Election Outcome Applies Pressure

The US Dollar has turned lower as the outcome of the US presidential election solidified but the benchmark currency may rebound as the dust settles.

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Markets Week Ahead: Dow Jones, Gold, US Dollar, US Election Aftermath, Where to?

The Dow Jones, S&P 500 and Nasdaq 100 soared the most since early April as Joe Biden took the lead in the US election. The US Dollar sank and gold prices rallied. Uncertainties remain however as mo...

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Saturday, 7 November 2020

Sterling (GBP) Weekly Outlook - Brexit Deadline Nears as UK PM Johnson Comes Under the Spotlight

The UK Prime Minister Boris Johnson has had an uncomfortable week and next week is likely to continue in the same vein as Brexit and Covid-19 worries continue.

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Japanese Yen May Rise on Covid-19 Lockdowns, Trump Legal Challenges

The haven-associated Japanese Yen may move higher on the back of tightening Covid-19 restrictions and President Trump’s legal challenges in several battleground states.

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S&P 500 May Eye Higher Levels on Post-Election Stimulus Hopes

The S&P 500 index may weather through near-term volatility and aim for higher levels on post-election stimulus hopes. Pandemic risk and monetary easing may also return to the centre stage.

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Friday, 6 November 2020

Euro Forecast: EUR/USD Gains on Election, EU-US Tariffs to Derail Markets?

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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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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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...