S&P 500 and Gold Prices Wobble into Wall Street Close, AUD/USD May Fall

The S&P 500 and gold prices wobbled after the FOMC minutes undermined yield curve control bets. The AUD/USD may be vulnerable if Asia Pacific equities follow Wall Street lower.
Source: News FX

US Dollar & Treasury Yields Climb on Fed Meeting Minutes

The US Dollar and Treasury Yields are driving higher in response to July 2020 Fed meeting minutes that just crossed the wires, which highlighted a muted pace of asset purchases as market functionin…
Source: News FX

Dow Jones Forecast Largely Unchanged After Fed Minutes Despite Losses

The Dow Jones suffered minor losses following Wednesday’s FOMC minutes release. Still, the longer-term outlook remains conducive for further stock strength.
Source: News FX

Gold Price Wavers as USD Jumps Post-FOMC Minutes

Gold price action is tumbling as the US Dollar snaps sharply higher immediately after the July 2020 FOMC minutes release.
Source: News FX

US Dollar Cautious Ahead of FOMC, NZD/USD Flying High – US Market Open

Tentative session ahead of the FOMC minutes. Kiwi flying high despite negative rate calls, while UK inflation jumps.
Source: News FX

Euro Dollar Outlook: Price Action Stalls Ahead of FOMC

After nine consecutive weeks of gains, EUR/USD price action stalls ahead of FOMC
Source: News FX

Canadian Dollar Forecast: Key USD/CAD Levels to Watch

USD/CAD downtrend remains firmly intact as USD selling theme dominates pair. Risks for 1.30 handle.
Source: News FX

British Pound (GBP) Latest: GBP/USD Prints a Fresh Yearly High, UK Inflation Picks Up

The latest ONS inflation release showed price pressures picking up in the UK as lockdown measures were eased. GBP/USD remains elevated after Tuesday’s rally.
Source: News FX

NZDUSD analysis for 19.08.2020

Producer Price Index was released in New Zealand and the US will publish FOMC Meeting Minutes and Crude Oil Inventories.
The support rests at 0.65950 with resistance at 0.66550 which both lines are above the weekly pivot point at 0.65650. The EMA of 10 is moving with bullish bias in the ascendant channel and it is located above the EMA of 200 and below the EMA of 100. The RSI is moving in overbought area, the MACD line is above the signal line in the positive territory and the Stochastic is moving in high ranges. The ADX is showing buy signal. The price is above the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing an upward trend.
Long positions are recommended towards 0.67500.

nzdusd
Source: fxglory

GBPUSD analysis for 19.08.2020

While the US dollar is getting weak, UK’s retail price index, consumer price index and the producer price index input will be released in a few hours.

The support rests at 1.32050 with resistance at 1.33010 which both lines are above the weekly pivot point at 1.30780. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving in overbought area, the Stochastic is moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
Long positions are recommended towards 1.33300.

gbpusd
Source: fxglory