Australian Dollar Eyes Jobs Data After S&P 500 Touched All-Time High

Australian Dollar traders will have their eye on local jobs data. AUD and commodity-linked currencies may be boosted by strong risk appetite after a buoyant day on Wall Street trade.
Source: News FX

AUD/USD & ASX 200 Forecast: Can Aussie Stocks Break Higher?

The ASX 200 has encountered robust resistance around the 6,185 mark while AUD/USD looks to continue its upward journey. Still, shifts in risk appetite leave both markets on precarious footing.
Source: News FX

VIX Index Flops as Rotation Trade Sends Stocks & Yields Surging

The VIX Index, or fear-gauge, is falling fast as S&P 500 price action rallies hard on the back of the rotation trade out of bonds and into stocks. This is sending Treasury yields on a sharp spike h…
Source: News FX

New Zealand Dollar Forecast: NZD/USD, NZD/CAD Slip to Major Support

New Zealand Dollar weakness has sent NZD/USD and NZD/CAD stumbling to major trendline support after a dovish RBNZ rate decision. If broken, both pairs may be susceptible to further selling.
Source: News FX

Silver Price Forecast: Silver Slices Support, Bulls Aim for Recovery

While Gold had a big month of July – Silver put in a far bigger move. But as the release valve has opened in the month of August, can bulls support the trend?
Source: News FX

FTSE 100 Latest: Moving Higher Towards Trading Range Resistance

The FTSE 100 remains locked in a 6-8 week trading range and is currently pushing towards a re-test of the upper bound and the 50% Fibonacci retracement level.
Source: News FX

EUR/GBP Looks for Directional Cues after Record Drop in UK GDP Data

EUR/GBP fixated around the key 0.9000 level as price action offers no clear directional bias as the market digests a record drop in UK GDP
Source: News FX

Gold & Silver Prices Bounce Off Key Support Following Bond Fuelled Crash

Gold and Silver crash stemming from a surge in US yields. However, both bounce off 50% retracement.
Source: News FX

NZDUSD analysis for 12.08.2020

New Zealand released Official Cash Rate, RBNZ Rate Statement and there was RBNZ Press Conference. The US will publish Consumer Price Index and Crude Oil Inventories.
The support rests at 0.65300 with resistance at 0.65890 which both lines are below the weekly pivot point at 0.66220. The EMA of 10 is moving with bearish bias in the descendant channel and it is located above the EMA of 200 and below the EMA of 100. The RSI is moving in oversold area, the MACD line is below the signal line in the negative territory and the Stochastic is moving in low ranges. The ADX is showing sell signal. The price is below the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
The support line seems to be too strong to be broken. While considering pullbacks NZDUSD will be growing towards 0.66000.

Source: fxglory

UK Q2 GDP Falls by a Record 20.4% But Signs of a Recovery Appear, GBPUSD Unchanged

The UK economy fell into a technical recession in the second quarter due to the COVID-19 pandemic with the economy contracting by over 20%. The monthly GBP figure for June however shows signs of a …
Source: News FX