Silver Coils Up for Breakout as Biden Builds Lead vs Trump, Relief Bill Stalls

Silver prices may be coiling up for a breakout as the Biden-Trump spread widens while Congress fails again to agree on the framework for another coronavirus relief bill.
Source: News FX

GBP/USD Slammed by Brexit Drama, Dollar-Yen Eyes Inflation Data

The US Dollar endured a turbulent trading session on Thursday as volatility accelerated on the back of renewed risk aversion, which caused major FX pairs like EUR/USD, GBP/USD, and USD/JPY to whipsaw.
Source: News FX

Canadian Dollar Forecast: Can USD/CAD Mount a Bullish Continuation?

After just recently falling to a 7-month low USD/CAD staged a brief break higher, moving above a key trendline as crude oil price declines undermined the Canadian Dollar. Where is USD/CAD headed?
Source: News FX

Crude Oil Price Outlook Mired by Moving Average Death Cross

Crude oil prices might remain under pressure with the commodity now facing a bearish crossover of its 50-day and 200-day moving averages after invalidating its prior-standing bullish trendline.
Source: News FX

EURUSD Forecast: EUR/USD Jumps as ECB Appears Unphased by Strong Euro

The ECB doesn't appear overly concerned about Euro strength – but will EUR/USD bulls be able to break through the 1.2000 figure?
Source: News FX

EUR/GBP Price Forecast: Euro Soars Amid Emergency Brexit Talks

The Euro extended the current bullish move vs the Pound after the ECB maintains current monetary policy measures. FX rate and its effect on inflation to be monitored
Source: News FX

ECB Leaves Rates Unchanged, EURUSD Moves Sideways Ahead of the Press Conference

The Euro was little changed after the ECB left all policy levers untouched. Next up, President Lagarde’s thoughts and the staff projections.
Source: News FX

Silver Price Forecast: Potential Breakout Looming for Spot Silver

Silver seeks a fundamental catalyst to encourage a symmetrical triangle price breakout
Source: News FX

Crude Oil Outlook Downbeat, Demand Concerns May Prompt OPEC Action

Outlook growing increasingly weak for oil prices as demand stalls. OPEC action will be in focus at JMMC.
Source: News FX

AUDUSD analysis for 10.09.2020

Consumer Inflation Expectation was reported in Australia and the US will publish PPI, PPI Core, Unemployment Claims and Crude Oil Inventories.
The support rests at 0.72370 with resistance at 0.72950 which both lines are below the weekly pivot point at 0.73070. 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 on level 50, the MACD line is above the signal line in the positive territory and the Stochastic is showing downward momentum. The ADX is showing buy signal. The price is in the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Long positions are recommended towards 0.73100.

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Source: fxglory