Copper Price Forecast: Bulls Push Price to New Multi-Year High

Copper rose to a fresh multi-year high as Chinese demand and supply-side issues continue to support price action amid a lackluster US Dollar
Source: News FX

Dow Jones Tries to Turn Green on Upbeat Consumer Sentiment Data

The Dow Jones has edged higher off session lows as stocks attempt to claw back recent downside after the release of consumer sentiment data, which improved and topped market expectations.
Source: News FX

South African Rand: ZAR Strengthens as SARB Signals End to Rate Cuts

USD/ZAR lower after the South African Reserve Bank (SARB) keeps the Repo Rate on hold. Implied policy path indicates no further rate cuts this year�
Source: News FX

Japanese Yen Outlook: Beware of Currency Intervention Levels

Japanese Yen goes from strength to strength against the US Dollar, while CHF/JPY reversal is underway.
Source: News FX

British Pound (GBP) Latest: Brexit Trade Talk, New Lockdowns and UK Retail Sales Data

The mood music in EU/UK trade talks may be shifting after EC President Ursula von der Leyen said that she was ‘convinced’ that a deal was still possible.
Source: News FX

Gold analysis for 18.09.2020

Gold is moving sideways.
The support rests at 1946.13 with resistance at 1969.53 which both lines are above the weekly pivot point at 1944.93. The EMA of 10 is moving with bullish bias in the horizontal channel and it is above the EMA of 100 and 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 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 1970.

gold
Source: fxglory

GBPUSD analysis for 18.09.2020

UK might be leaving EU without a trade deal. Negative rates were permitted by the Central Bank in the future and the new wave of Pandemic will be a great threat for the economy.
The support rests at 1.28920 with resistance at 1.30060 which the weekly pivot point at 1.29430 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving on level 50, the Stochastic is moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals.
GBPUSD is trying to complete the correction pattern targeting level 61.8 of Fibonacci at 1.32000.

gbpusd
Source: fxglory

USD/CAD Capped by Key Resistance Ahead of Canada Retail Sales Data

The USD/CAD exchange rate may extend its slide from the monthly high ahead of Canadian retail sales data, as the Bank of Canada’s wait-and-see approach underpins CAD.
Source: News FX

EURUSD analysis for 18.09.2020

On Thursday EUR tried to cover the recent fall. EU inflation was in the negative area and core inflation was slightly better.
The support rests at 1.18270 with resistance at 1.18810 which the weekly pivot point at 1.18390 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and below the EMA of 100. The RSI is moving on level 50, the Stochastic is moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
EUR bulls are trying to reach the upper Bollinger band at 1.19000.

eurusd
Source: fxglory

Dow Jones Futures Fluctuate, DAX 30 and ASX 200 In Tight Range

The Dow Jones Industrial Average futures are oscillating in early Asia hours after falling 0.47% on Thursday. Global equity indices look set to consolidate amid US fiscal stimulus uncertainty.
Source: News FX