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US Dollar Extends Rally as Global PMI Data Fans Volatility

Posted: 23 Sep 2020 08:30 AM PDT

The US Dollar is pushing higher against major FX peers on the back of discouraging global PMI data, and USD price action could sustain its rebound off two-year lows amid resurgent volatility.

Gold Price Forecast: XAU Sinks to Support, Gold Fresh Monthly Lows

Posted: 23 Sep 2020 07:09 AM PDT

Gold prices flew up to a fresh all-time-high in early-August but, since then, matters have changed. This morning saw a fresh monthly low print in Gold.

AUD/NZD Outlook: RBA vs RBNZ Monetary Divergence Wanes

Posted: 23 Sep 2020 04:00 AM PDT

AUD/NZD upside may struggle as RBA looks to ease policy further. RBNZ stands pat with little expected prior to NZ election.

EUR/GBP Outlook: Freight Adds to Brexit Woes, UK PMI, Bullish Pennant

Posted: 23 Sep 2020 02:30 AM PDT

The UK government warned that EU bound freight trucks could face a 7000-truck-long queue at Kent - a major gateway to Europe - after the UK leaves the customs union

British Pound (GBP) Latest: GBP/USD Will Likely Fall Further, FTSE Up

Posted: 23 Sep 2020 01:00 AM PDT

GBP/USD dropped through an important support level Tuesday, suggesting more losses are on the way. The next key support comes from the 200-day moving average at 1.2655.

US Dollar Tracks Shift in Risk Sentiment Despite Powell Testimony

Posted: 23 Sep 2020 12:00 AM PDT

The US Dollar appeared to dismiss Federal Reserve Chair Jerome Powell's recent testimony as Covid-19 'second wave' concerns fuel haven inflows.

Gold, Silver Price Forecast: Key Supports Broken as US Dollar Strengthens

Posted: 22 Sep 2020 11:00 PM PDT

Gold prices broke a key support level at US$ 1,910, as a rising USD Dollar weighed on precious metal prices. Silver prices drifted lower for a third day, eyeing key support at US$ 23.30.

AUD/USD Rate Eyes August Low as RBA Outlines Monetary Policy Options

Posted: 22 Sep 2020 10:00 PM PDT

AUD/USD appears to be on track to test the August low (0.7076) as the Reserve Bank of Australia (RBA) provides further details regarding the options for monetary policy.

Copper Price Outlook Remains Bullish Despite Shift in Risk Appetite

Posted: 22 Sep 2020 08:30 PM PDT

Copper prices may continue to push higher despite a worrying surge in Covid-19 cases and the lack of progress in Congressional stimulus negotiations.

New Zealand Dollar Gains on RBNZ, But NZD/USD May Follow S&P 500 Lower

Posted: 22 Sep 2020 07:30 PM PDT

While the New Zealand Dollar rose on the RBNZ rate decision, NZD/USD remains at the mercy of risk trends given recent volatility in the S&P 500. Kiwi's broader decline may continue.

Market Outlook Ahead of the First Biden-Trump Presidential Debate

Posted: 22 Sep 2020 07:00 PM PDT

What is the outlook for financial markets ahead of the first presidential debate and how are Democratic nominee Joe Biden and President Donald Trump doing in the polls?

Dow Jones Rebounds, DAX Consolidates, Hang Seng May Form "AB=CD"

Posted: 22 Sep 2020 06:00 PM PDT

Dow Jones Industrial Average futures fluctuated in early Asia hours after rising 0.52% on Tuesday. The VIX term structure flags higher volatility on Election days.

Gold Price Trades Below 50-Day SMA for First Time Since June

Posted: 22 Sep 2020 05:15 PM PDT

The price of gold appears to be broadly tracking the change in global equity prices, and a further shift in risk sentiment may spur a test of the August low ($1863).

Nasdaq 100 Recovering? Biden-Trump Election Betting Spread Widens

Posted: 22 Sep 2020 04:00 PM PDT

The Nasdaq index may be at the beginning of a recovery as the Biden-Trump 2020 election betting averages widen to their broadest spread since mid-August.

Nikkei 225 & ASX 200 Price Forecast: Stock Selloff Sees Support Broken

Posted: 22 Sep 2020 02:30 PM PDT

An abrupt reversal in risk assets has seen the Nikkei 225 and ASX 200 fall beneath nearby support, threatening further losses. Here are the levels to watch in the days ahead.

NZD/USD Price Outlook: Kiwi-Dollar Eyes RBNZ Decision & PMI Data

Posted: 22 Sep 2020 01:00 PM PDT

NZD/USD price action looks primed for potential volatility during Wednesday's trading session with the upcoming RBNZ decision and scheduled release of global PMI data.

Nasdaq 100 Forecast: Exodus from Tech ETF Has Worrisome Historical Parallel

Posted: 22 Sep 2020 11:30 AM PDT

The Nasdaq 100-tracking QQQ ETF saw its largest outflow since October 2000 on Friday, revealing conviction behind recent declines in technology stocks. Will outflows continue?

Canadian Dollar Price Forecast: USD/CAD Showing Reversal Tendencies

Posted: 22 Sep 2020 10:00 AM PDT

USD/CAD continues to carry hints of reversal potential, but will buyers back the bid to continue a short-term bullish trend?
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