Australian Dollar Eyes RBA Minutes as Sino-US Tensions Flare Up

The Australian Dollar will be closely watching the release of the RBA meeting minutes as US-China tensions continue to rise over a plethora of policy issues.
Source: News FX

Nasdaq 100 Forecast: Index Crawls Higher as Gains Slow at Record Levels

The Nasdaq 100 began the week on a positive note yet again as the tech-heavy index crawled deeper into uncharted territory. Although gains have slowed, bulls seem to maintain control.
Source: News FX

Australian Dollar Technical Forecast: AUD/USD, AUD/NZD, AUD/JPY

The Australian Dollar reiterates its bullish trend against its US Dollar and New Zealand Dollar peers as AUD/USD and AUD/NZD extend higher, which may carry over to AUD/JPY if volatility stays suppr…
Source: News FX

Central Bank Watch: BOE, ECB & Fed Rate Expectations; EUR/USD, GBP/USD, USD/JPY Positioning Update

The European Central Bank is already operating in negative interest rate territory, will either the Bank of England or the Federal Reserve join?
Source: News FX

Gold Price Forecast: XAU/USD Rebounds, Will the Bull Case Continue?

Gold has been a hot commodity in the year-to-date, surging in the wake of the coronavirus pandemic. A recent price pullback sparked concern, but many of the underlying tailwinds remain.
Source: News FX

US Dollar on Defense as Treasury Yields Retreat – USD Levels to Watch

US Dollar weakening has resumed as the DXY Index slides back toward two-year lows while USD price action whipsaws with ten-year Treasury yields snapping below 70-basis points.
Source: News FX

GBP/USD, FTSE 100 and GBP/NZD Outlooks – UK Weekly Webinar

The latest EU/UK trade talks, FOMC minutes and flash PMIs are the highlights of an otherwise quiet economic calendar.
Source: News FX

USD/JPY Outlook: Record Decline in Japanese GDP, Key USDJPY levels

USD/JPY has traded slightly lower after the Japanese economy experienced the worst decline in quarterly GDP on record. Short-term uptrend remains for now
Source: News FX

Gold analysis for 17.08.2020

Last week Gold was under pressure due to the US impressive economic reports.
The support rests at 1936.07 with resistance at 1972.54 which the weekly pivot point at 1961.60 is located in between the lines. The EMA of 10 is moving horizontally in the descendant channel and it is above the EMA of 200 and below the EMA of 100. The RSI is rising towards level 50, the Stochastic is moving in middle ranges and the MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals. The price is in the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen is showing a horizontal trend while the Kijun-sen is showing a downward trend.
Long positions are recommended towards 1983.

Source: fxglory

British Pound (GBP) Latest: EU/UK Trade Talks Resume, GBP/USD Hints at a Positive Breakout

The EU/UK trade talks continue in Brussels this week against a marginally positive backdrop. Sterling is pushing higher and GBP/USD is nearing a multi-month high.
Source: News FX