SPX Analysis: Oracle Wins TikTok Bid, Biden Maintains Lead in Polls

The S&P 500 is trading at key resistance as Oracle wins the bid to acquire TikTok. Election polls show Biden maintaining a strong lead over Trump.
Source: News FX

Pound Sterling Searches for Support as Brexit Bill Roils GBP

GBP price action comes back under pressure as the Brexit Withdrawal Agreement now hangs in jeopardy with UK politicians agreeing to move forward with the highly scrutinized Internal Market Bill.
Source: News FX

US Dollar Outlook: USD Price Action Focused on Fed Meeting

FX traders align their crosshairs with USD price action as market participants gear up for the Fed meeting scheduled this week. How might the Federal Reserve decision impact US Dollar outlook?
Source: News FX

GBP/USD Price Forecast: Retail Traders Confident Worst has Passed

Brexit uncertainty has pushed the British Pound lower in September and IG client sentiment data reveals retail traders are confident the worst has passed. What does this mean for GBP/USD?
Source: News FX

DAX 30, FTSE 100, CAC 40 Forecasts for the Week Ahead

European equity indices will look to keep pace with the Nasdaq 100 this week as tech rebounds and drives risk appetite. Lacking significant tech exposure, the DAX 30, FTSE 100 and CAC 40 may lag.
Source: News FX

Gold Price Eyes Bullish Breakout as USD Drops Ahead of FOMC

Gold price action is advancing as the US Dollar and Treasury Yields decline headed into the September Fed meeting. Will the FOMC reinvigorate precious metal bulls and help gold breakout higher?
Source: News FX

GBP/USD, EUR/GBP and FTSE 100 Prices and Outlooks – UK Weekly Webinar

Three of the most important central banks release their latest monetary policy decisions this week and commentary around these announcements will be closely parsed.
Source: News FX

Gold analysis for 14.09.2020

Gold was growing but declined when the USD was empowered.
The support rests at 1933.46 with resistance at 1957.14 which the weekly pivot point at 1944.93 is located in between the lines. The EMA of 10 is moving horizontally in the descendant channel and it is moving on the EMA of 100 which are both above the EMA of 200. The RSI is moving on level 50, the Stochastic is showing upward momentum and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals. The price is in the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen is showing a downward trend and the Kijun-sen is showing a horizontal trend.
Long positions are recommended towards 1970.

Source: fxglory

South African Rand: USD/ZAR Stable Ahead of SARB Rate Decision

The South African Rand may be in for additional gains against the US Dollar as fundamental facilitators could incite possible bearish technical indicators into fruition.
Source: News FX

GBPUSD analysis for 14.09.2020

GBPUSD has been moving down over the last recent days. There are no major reports in the US and UK so Brexit issue will be the influencing the market.
The support rests at 1.27610 with resistance at 1.29029 which both lines are below weekly pivot point at 1.29430. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is rising towards level 50, the Stochastic is showing upward momentum and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
The support line seems too strong to be broken. Long positions are recommended towards 1.29500.

Source: fxglory