S&P 500 Surges on Fiscal Stimulus Hopes Ahead of Presidential Debate

The S&P 500 surged after optimism about bipartisan stimulus talks crossed the wires and revived sentiment just less than 36 hours ahead of the first presidential debate.
Source: News FX

XAU/USD: Gold Price Attempts to Base as US Dollar Peels Back

Gold prices advanced about 1% on Monday as precious metals aim to stabilize after falling sharply last week. XAU/USD likely recovered lost ground owing to a broad pullback in the US Dollar fueled b…
Source: News FX

Why Did the Stock Market Rally Today? Nasdaq 100 Week Ahead

US equities began the week with a show of force as they surged higher on the back of broad market strength. That said, the Nasdaq 100 will have to weather upcoming data if it is to continue.
Source: News FX

Euro Forecast: Failed Breakouts or False Breakdowns? Levels for EUR/JPY & EUR/USD

As the DXY Index has clawed back gains in recent weeks, EUR/USD rates have slid back. Their fates remain intertwined.
Source: News FX

Dow, Nasdaq Rally as USD Pulls Back to Start a Busy Week

It's a big week as the door closes to Q3 and opens to Q4, and we have a busy economic calendar to work with.
Source: News FX

USDCAD analysis for 28.09.2020

There are no major economic reports in Canada but the FOMC Member Loretta Mester Speaks in the US.
The pair is finding support at 1.33510 with resistance at 1.34170 which both lines are above the weekly pivot point at 1.33250. The EMA of 10 is moving with bullish bias in the ascendant channel and it is located above the EMA of 200 and above the EMA of 100. The RSI is falling towards level 50, the MACD line is below the signal line in the negative territory and the Stochastic is showing downward momentum. The ADX is not showing any clear signals. The price is above the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen is showing an upward trend while the Kijun-sen is showing a horizontal trend.

The resistance line seems too strong to be broken. Short positions are recommended towards 1.33400.

usdcad
Source: fxglory

GBPUSD analysis for 28.09.2020

GBP has been empowered by Public borrowing data in the UK.
The support rests at 1.27560 with resistance at 1.29200 which the weekly pivot point at 1.27950 is located in between the lines. The EMA of 10 is moving with bullish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is rising towards overbought area, 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 resistance level breakout will confirm the bullish trend towards 1.30000.

gbpusd
Source: fxglory

EURUSD analysis for 28.09.2020

Despite the strong reports from Germany, EUR failed to recover the loss.
The support rests at 1.16000 with resistance at 1.16460 which both lines are below the weekly pivot point at 1.17050. 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 moving below level 50, the Stochastic is showing upward momentum and the MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals.
EURUSD is trying to recover targeting 1.16900.

eurusd
Source: fxglory

Gold, Silver Price Forecast: Will 100-Day SMA Hold or Break?

Gold and silver prices are consolidating near their 100-Day Simple Moving Averages (SMAs) at US$ 1,870 and US$ 22.80 respectively. The US Dollar is closely eyed.
Source: News FX

USD/JPY Rebound Fades On Renewed Stimulus Optimism, Vaccine Progress

The USD/JPY exchange rate’s 5-day recovery from multi-month lows could fade in light of renewed stimulus optimism and Covid-19 vaccine progress.
Source: News FX