AUD/USD Eyes Day 2 of RNC with 69 Days Until US Presidential Election

With the general election less than 70 days away, AUD/USD continues to trade below a key inflection range ahead of day 2 of the Republican National Convention.
Source: News FX

Fed Symposium Preview: Jackson Hole to Fuel Market Volatility

US Dollar, Dow Jones and gold price volatility could accelerate later this week due to high-impact event risk surrounding an economic policy symposium hosted by the Federal Reserve at Jackson Hole.
Source: News FX

Dow Jones Forecast: Apple Stock Split Prompts Major DJIA Changes

An Apple stock split set to take place on August 31 has sparked a shake-up in the Dow Jones Industrial Average as three stocks are set to turnover.
Source: News FX

US Dollar Price Forecast: Did USD Bears Just Capitulate?

It’s been a rough Q3 so far for the USD. But, for much of August that bearish move has appeared to begin stalling. Can it actually reverse?
Source: News FX

Euro Forecast: Churning Through Resistance, Breakouts Loom – Levels for EUR/JPY & EUR/USD

The Euro has been able to sustain its gains versus the Japanese Yen and US Dollar, setting up the currency for potential gains into the end of the summer.
Source: News FX

SA Rand Price Action Setups: USD/ZAR, GBP/ZAR and EUR/ZAR

Rand strength prevalent across USD, GBP and EUR pairs but how far can risk on sentiment carry the ZAR?
Source: News FX

US Dollar (DXY) Price Outlook – A Pivotal Few Days Ahead for the US Dollar

There are a few important data releases and events over the rest of this week that will decide the short- and medium-term outlook for the US dollar.
Source: News FX

USDCAD analysis for 25.08.2020

Canada will publish Corporate Profits data and BOC Deputy Governor Lawrence Schembri Speaks today. The US will publish Consumer Confidence, New Home Sales and House Price Index.
The pair is finding support at 1.32080 with resistance at 1.32600 which both lines are above the weekly pivot point at 1.31950. The EMA of 10 is moving with bullish bias in the descendant channel and it is located below the EMA of 100 and the EMA of 200. The RSI is falling towards level 50, the MACD line is above the signal line in the positive territory and the Stochastic is moving in high ranges. The ADX is showing sell signal. The price is in the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Long positions are recommended towards 1.32580 and the resistance line remains intact.

Source: fxglory

GBPUSD analysis for 25.08.2020

The UK CBI retail sales volume balance will be released in a few hours.
The support rests at 1.30440 with resistance at 1.31190 which both lines are below the weekly pivot point at 1.31390. The EMA of 10 is moving with bearish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is falling below level 50, the Stochastic is showing upward momentum and the MACD line is below the signal line in the negative territory. The ADX is showing buy signal.
As long as the bullish pressure remains, buyers can target 1.32000.

Source: fxglory

British Pound Latest (GBP) – GBP/USD Rallies Capped, GBP/JPY Holds Range

GBP/USD rallies capped as the US Dollar shows signs of life, while GBP/JPY maintains recent range.
Source: News FX