EUR/USD Selloff Ahead? Biden-Trump Spread Narrows

EUR/USD has broken two uptrends, potentially setting the pair up for a reversal as Biden’s lead over Trump narrows below the roughly 7-point average.
Source: News FX

AUD/USD & ASX 200 Forecast: Is the Australian Dollar Hurting the ASX?

The Australian Dollar has climbed higher in recent weeks despite weakness in other risk-sensitive markets. Conversely, the ASX 200 has struggled to keep pace with its currency-counterpart.
Source: News FX

Central Bank Watch: BOC, RBA, & RBNZ Rate Expectations; USD/CAD, AUD/USD, & NZD/USD Positioning Update

The RBNZ may distinguish itself from the BOC and RBA in the first half of 2021.
Source: News FX

Crude Oil Price Climbs to Test 50-DMA in Wake of OPEC+ Update

Crude oil price action advances for the third day straight, extending weekly gains to nearly 10% amid an expected OPEC+ update, but the commodity faces resistance posed by a key moving average.
Source: News FX

Gold Price Forecast: What Will Spark a XAU/USD Break Out Rally?

The outlook for gold prices remains constructive as central banks double-down on low interest rates. Gold may benefit as a result but technical patterns have kept the precious metal contained.
Source: News FX

Silver Price Forecast: Silver Sideways as Price Action Seeks Direction

Silver Sideways as Price Action Struggles to Find Direction following FOMC Meeting Minutes.
Source: News FX

Bank of England Exploring Negative Rates, GBP/USD Whacked

Bank of England fuels expectations of negative rates as they explore plans with PRA.
Source: News FX

Bank of England Rate Decision Preview – What Matters

The Bank of England is expected to maintain its current monetary policy with the bank rate at 0.1% and APF at GBP 745bln.
Source: News FX

USD/JPY Price Eyes Multi-Month Low, Bearish Client Sentiment Grows

The latest monetary policy decisions from the Bank of Japan and the Federal Reserve have failed to stem this week’s sharp sell-off in USD/JPY and a fresh multi-month low nears.
Source: News FX

USDCHF analysis for 17.09.2020

Trade Balance came more than forecasted in Switzerland, the US will publish Building Permits, Housing Starts and Unemployment Claims.
The support rests at 0.90690 with resistance at 0.91620 which the weekly pivot point at 0.91130 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is located below the EMA of 200 and the EMA of 100. The RSI is falling towards level 50, 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 in the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Long positions are recommended towards 0.91650.

usdchf
Source: fxglory