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Japanese Yen Price Forecast: JPY Jumps as Abe Resigns – USDJPY

Posted: 28 Aug 2020 07:00 AM PDT

While it may not have come as a surprise, Japanese PM Shinzo Abe stepping down is a really big deal, and that's been reflected in the Yen overnight.

Canadian Dollar Forecast: USD/CAD Path of Least Resistance is Lower

Posted: 28 Aug 2020 05:40 AM PDT

USD/CAD eyes 1.3000 as dollar selling gathers pace, raising the risks for CAD shorts.

EUR/USD Presses Higher, Eyes New 27-Month High as Euro Area Confidence Continues to Pick-Up

Posted: 28 Aug 2020 03:21 AM PDT

EUR/USD continues to climb higher, despite a surge of new COVID-19 cases in parts of Europe, and may look to print a new 27-month high.

Japanese PM Abe Resigns - JPY and Nikkei 225 Rattled

Posted: 28 Aug 2020 01:42 AM PDT

Prime Minister Abe's resignation has unsettled the Japanese Yen and Nikkei 225. Will this short-term change in momentum persist?

British Pound (GBP) Latest: GBP/USD Touches a Fresh 8-Month High as the Dollar Sell-Off Resumes

Posted: 28 Aug 2020 01:00 AM PDT

Sterling remains slightly better bid across a range of currencies with the most notable move against a weak US dollar.

EU Stoxx 50, DAX 30 Index Staggering at Resistance as Coronavirus Cases Rise

Posted: 27 Aug 2020 11:30 PM PDT

The EU Stoxx 50 and DAX 30 index staggering at chart resistance as the number of European Covid-19 cases continues to rise.

Gold Prices at Risk as Yield Curve Steepens After Powell Speaks

Posted: 27 Aug 2020 10:25 PM PDT

Gold prices look vulnerable to deeper losses having fallen after Fed Chair Jerome Powell laid out an updated policy framework at a virtual Jackson Hole symposium.

Indian Rupee, Nifty 50 Forecast: Breakouts Eyed as USD/INR Awaits GDP

Posted: 27 Aug 2020 08:30 PM PDT

Will the Indian Rupee and Nifty 50 extend their breakouts on aggressive capital inflows? Or will second-quarter Indian GDP data next week result in a repricing?

S&P 500 Gains on Dovish Fed, Asia-Pacific Stocks May Follow

Posted: 27 Aug 2020 07:00 PM PDT

A rally in the S&P 500 index may lead Asia-Pacific equities higher on Friday, following Jerome Powell's dovish comments on the inflation outlook and monetary policy.

EUR/USD Forecast: August Low Remains on Radar Following Fed Symposium

Posted: 27 Aug 2020 05:40 PM PDT

The August low (1.1696) remains on the radar for EUR/USD as the Relative Strength Index (RSI) retains the downward trend established earlier this month.

Gold Price Outlook: XAU/USD Consolidating Ahead of Day 4 of RNC

Posted: 27 Aug 2020 04:00 PM PDT

Gold price consolidation may accelerate to support after President Donald Trump's speech at the last night of the National Republican Convention.

Australian Dollar Forecast: AUD/USD, AUD/JPY Ponder Topside Breaks

Posted: 27 Aug 2020 02:35 PM PDT

The Australian Dollar looks to be on the verge of a bullish break higher in both AUD/USD and AUD/JPY. That said, technical hurdles to a potential breakthrough still exist.

Copper Price Outlook: Prices Supported by Outsized Market Imbalances

Posted: 27 Aug 2020 02:30 PM PDT

The COVID-19 pandemic sent copper tumbling earlier this year, but now effects from the pandemic have created outsized imbalances in the market, helping to propel copper to multi-year highs

VIX Index Jumps, US Dollar & Treasury Yields Spike Post-Powell

Posted: 27 Aug 2020 01:00 PM PDT

The VIX Index 'fear-gauge' turns conspicuously higher even as the stock market prints back-to-back record closes. Expected volatility appears on the rise with the US Dollar and Treasury Yields in t...

Nasdaq 100 Forecast: Fed's Powell May Usher in Lower Rates for Longer

Posted: 27 Aug 2020 11:30 AM PDT

The Nasdaq 100 and its components might enjoy a boost from a longer period of lower interest rates after a policy shift was announced at the Jackson Hole symposium.
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