Gold Price Forecast: US Dollar, Treasury Yields Diverge and Drive Trend

Gold prices may trade range-bound as XAU/USD echoes the divergence between Treasury yields and the US Dollar. What could be a downside risk for the yellow metal?
Source: News FX

S&P 500 Price Outlook: Trader Positioning Pivots as VIX Spikes

The S&P 500 continues lower for a second day as retail and options traders shift exposure following a better than expected jobs report
Source: News FX

EUR/USD Price Analysis: NFP data Pushes EURUSD Closer to Key Support

NFP data roughly in-line with expectations at 1.371 million new jobs added in August. Encouraging unemployment data beat estimate of 9.8% coming in at 8.4%. EUR/USD trading lower
Source: News FX

US Dollar Swings on NFP Report Beat, Unemployment Below 9%

The August 2020 NFP report just crossed the wires and topped market estimates, which is bolstering the Dollar as the US economy added 1.3-million jobs and unemployment fell to 8.4%.
Source: News FX

Japanese Yen outlook: Unemployment data may prompt USD/JPY bulls

With NFP data scheduled for later today, could USD/JPY push up toward topside resistance?
Source: News FX

South African Rand Forecast: USD/ZAR, EUR/ZAR, GBP/ZAR Setups

Big levels in play as Rand flirts with key levels of support
Source: News FX

GBP/USD Drifts Ahead of NFPs, FTSE 100 Breaks Support After US Equity Rout

The monthly US Labor report awaits later today and markets are becoming increasingly nervous after Thursday’s heavy sell-off in the US equity markets.
Source: News FX

USDCAD analysis for 04.09.2020

Unemployment Rate, Non-Farm Payrolls and Average Hourly Earnings will be published in the US and Canada will release Unemployment Rate and Employment Change.
The pair is finding support at 1.30550 with resistance at 1.31620 which the weekly pivot point at 1.31280 is located in between the lines. 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 showing downward momentum. The ADX is not showing any clear signals. 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.

The resistance line breakout will confirm the bullish trend towards 1.32000; otherwise USDCAD will continue its bearish trend towards 1.30200.

usdcad
Source: fxglory

GBPUSD analysis for 04.09.2020

Pound is under pressure against USD. Construction PMI and Consumer Inflation Expectations will be announced in the UK.
The support rests at 1.32360 with resistance at 1.33090 which the weekly pivot point at 1.32540 is located in between the lines. 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 moving 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 sell signal.
GBPUSD is controlled by the bears, the price decline is expected towards 1.31200.

gbpusd
Source: fxglory

EURUSD analysis for 04.09.2020

ISM Non-Manf. came lower than forecasted. Today there is no major reports in Eurozone so EURUSD will be under the influence of US data.

The support rests at 1.18230 with resistance at 1.18800 which the weekly pivot point at 1.18630 is located in between the lines. The EMA of 10 is moving horizontally in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is falling towards oversold area, the Stochastic is moving in high ranges and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
The support line seems too strong to be violated. Bullish trend is expected towards 1.19000.

eurusd
Source: fxglory