AUD/USD at a Critical Juncture as Biden-Trump Spread Widens

AUD/USD is trading at what could be a trend-defining chart support as the US Dollar stages a comeback in tandem with a widening Biden-Trump spread.
Source: News FX

Dow Jones Forecast: Industrial Average Succumbs to Selling Pressures

The Dow Jones extended lower to start the week as US equities post their largest 3-day decline since March. Can technical support keep the Dow Jones afloat or will tech weakness reign supreme?
Source: News FX

Gold Price Forecast: XAU Bounces From Support, Gold Bulls on Return?

While Gold started August with strength, it finished with a whimper, and that's continued through the opening week of September trade.
Source: News FX

Dollar vs Mexican Peso Outlook: USD/MXN Ranges at Fibonacci Support

Mexican Peso has carved a well-defined range just below the September open. Here are the levels that matter on USD/MXN technical charts in the days ahead.
Source: News FX

Crude Oil Price Forecast: Crude Falters Alongside Tech as Selloff Broadens

Crude oil suffered a significant break down to start the week, falling to its lowest level since mid-June as a result. With risk appetite on the backfoot, will crude fall further now that support h…
Source: News FX

Euro Dollar Outlook: EUR/USD Indecisive as Political Pressure Looms

After four months of gains for the EUR/USD, price action has stalled around the psychological level of 1.1800
Source: News FX

Confidence in GBP/USD Ebbs, Gold and US Stocks Suffering Too | Webinar

Trader confidence in GBP/USD is ebbing away as the UK and EU squabble over Brexit. Meanwhile, market sentiment is also souring towards gold and US tech stocks, boosting USD.
Source: News FX

USDCHF analysis for 08.09.2020

There are no major economic reports in Switzerland but the US will release Consumer Credit and NFIB Small Business Index.
The support rests at 0.91320 with resistance at 0.91890 which both lines are above the weekly pivot point at 0.90990. The EMA of 10 is moving with bullish bias in the ascendant channel and it is located above the EMA of 200 and 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 below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing an upward trend.
Long positions are recommended towards 0.92300.

Source: fxglory

Japanese PM Frontrunner Signals Snap Election, USD/JPY Maintains Range

Japanese PM Frontrunner Signals Snap Election While Pledging Continuation of Abenomics
Source: News FX

USD/ZAR Latest: Rand Falls on Dismal South African GDP Figures

After a 51% QoQ economic contraction, will USD/ZAR continue its bearish trajectory or will this be the catalyst for a shift in momentum?
Source: News FX