Gold Prices Ripe for Breakout? Election Polls Show Diverging Trend

Gold prices may be nearing the end of a congestive interim and are ready to break out as 2020 presidential election data shows a diverging trend.
Source: News FX

Fed Meeting Preview: US Dollar Hinges on Guidance from Powell

US Dollar sits in the hot seat headed into the September FOMC rate decision scheduled to cross market wires this Wednesday. The Fed is expected to provide updated economic projections, which Chair …
Source: News FX

AUD/USD Price Outlook: Aussie Ascends on China Data, FOMC Eyed

The Aussie-Dollar is trading on its front foot so far with spot AUD/USD higher by about 0.2% intraday thanks to rosy economic data out of China, but the FOMC decision on deck looms large.
Source: News FX

Dow Jones Price Forecast: Big Support Holds Ahead of FOMC

US equities were tapped-lower to start September, but tomorrow brings the Fed. Will the FOMC prod equities higher?
Source: News FX

Market Sentiment May Rally Further as FOMO Trades Boost Prices | Webinar

Traders are reasonably confident heading into this week’s three major central bank meetings, and fear of missing out may boost ‘risk-on’ prices further in the days ahead.
Source: News FX

Silver Forecast: Silver Confined to key Fibonacci Levels

A weaker Dollar brings Silver to a key Fibonacci level
Source: News FX

Japanese Yen Outlook: USD/JPY, EUR/JPY Key Levels to Watch

Downside risks growing for USD/JPY, while EUR/JPY holds range ahead of FOMC.
Source: News FX

EUR/USD Remains Underpinned as German ZEW Sentiment Improves in September

The latest ZEW sentiment data beat market expectations and helped the Euro push marginally higher against the US dollar. Wednesday’s FOMC meeting will drive the next move.
Source: News FX

NZDUSD analysis for 15.09.2020

Westpac Consumer Confidence was released in New Zealand and the US will publish Capacity Utilization and Industrial Production.
The support rests at 0.66840 with resistance at 0.67500 which both lines are above the weekly pivot point at 0.66640. 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 the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing an upward trend.
Long positions are recommended towards 0.67600.

Source: fxglory

USDJPY analysis for 15.09.2020

Despite USD supportive reports and the pressure on JPY due to the decline of Japanese Nikkei 225, USDJPY is falling down.
The support rests at 105.570 with resistance at 105.750 which both lines are below the weekly pivot point at 106.110. The EMA of 10 is moving with bearish bias in the horizontal channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving in oversold area, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
As long as the pressure remains, sellers can target 105.400. The resistance level breakout will push the price up towards 106.

Source: fxglory