Euro Forecast: EUR/USD Rally Fading, Will European PMIs Rekindle Bulls?

The Euro’s rally versus its major peers has been fading since the EU Summit deal.Attention is turning to next month’s ECB meeting. Will rosy European PMIs rekindle EUR/USD’s rise?
Source: News FX

Gold Price Outlook Hinges on Federal Reserve Economic Symposium

Current market conditions may keep the price of gold afloat as the FOMC appears to be on track to retain the current policy at the next rate decision on September 16.
Source: News FX

US Dollar Outlook: EUR/USD Price Spikes Lower on PMI Data

EUR/USD price action plunges to session lows in response to August 2020 IHS Markit PMI data that just crossed the wires, which detailed US economic activity outpacing Eurozone economic growth.
Source: News FX

USD, EUR/USD & More: Charts for Next Week

The USD is in recovery mode at the moment, but will that be all it is? Charts and levels to watch as a new week arrives…
Source: News FX

USD/JPY Outlook: USDJPY Bulls Look to PMI Data to Stem the Tide

The dollar is trading weaker against the Yen through the Asia -Europe crossover after better than expected Japanese Flash PMI data. US PMI scheduled for later today.
Source: News FX

British Pound (GBP) Latest: UK PMIs Beat Expectations Underpinning Recent Sterling Strength

Sterling remains either side of 1.3200 against the US dollar after much better-than-expected PMI data but the UK is ‘not out of the woods yet’.
Source: News FX

Euro Latest: EUR/USD Dives on Weak PMI, EU Recovery Optimism Questioned

The Euro weakens on EZ PMI’s providing caution for over optimism regarding the EU recovery.
Source: News FX

USDCAD analysis for 21.08.2020

New Housing Price Index and Retail Sales will be published in Canada and the US will release ISM Manufacturing, Composite PMI and Existing Home Sales.
The pair is finding support at 1.31330 with resistance at 1.32080 which both lines are below the weekly pivot point at 1.32840. The EMA of 10 is moving with bearish bias in the descendant channel and it is located below the EMA of 100 and the EMA of 200. The RSI is rising towards level 50, the MACD line is moving on the signal line in the neutral territory and the Stochastic is moving in low ranges. The ADX is not showing any clear signals. 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 resistance line seems too strong to be broken. Short positions are recommended towards 1.31110.

Source: fxglory

GBPUSD analysis for 21.08.2020

GBP is bullish against USD. The UK PMI Manufacturing, PMI Services and Composite PMI data will be released in a few hours.
The support rests at 1.31920 with resistance at 1.33270 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 falling towards level 50, 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.
Bulls are in control of the GBPUSD chart. Buyers can target the upper Bollinger band at 1.33000.

Source: fxglory

EU Stoxx 50 Index May Fall On Disappointing Manufacturing PMI Data

The EU Stoxx 50 index is at risk of extended declines as investors' eye the Euro-zone’s preliminary manufacturing PMI release for August.
Source: News FX