Gold Price Forecast – The Calm Before the US Election Storm

Gold is likely to get buffeted next week as investors watch the US presidential election voting out-turns.
Source: News FX

US Dollar Outlook Hinges on Presidential Election, Covid-19, FOMC

A significant rise in coronavirus infections and US presidential election jitters may buoy the haven-associated US Dollar ahead of the FOMC interest rate decision.
Source: News FX

Crude Oil Volatility to Surge on FOMC Decision, US Presidential Election?

Sentiment-sensitive crude oil prices may have a volatile week ahead of the highly-anticipated US presidential election and the FOMC rate decision.
Source: News FX

AUD/USD Breaks September Low Ahead of RBA, Fed Rate Decisions

The future implications of the US election may influence AUD/USD following the RBA and Fed rate decisions as Congress struggles to pass another round of fiscal stimulus.
Source: News FX

GBP/USD Weekly Forecast: US Election the Main Risk, BoE to Boost QE

USD awakens, placing GBP/USD on the backfoot, while EUR/GBP cracks 0.90.
Source: News FX

Gold Price Reverses Ahead of September Low with US Election on Tap

The price of gold may trade within a defined range ahead of the US Presidential Election as it reverses ahead of the September low ($1849).
Source: News FX

How Will Markets React to the 2020 US Presidential Election?

A second term of Trump or a first term of Biden could have significantly divergent outcomes for the U.S. economy and global financial markets.
Source: News FX

EUR/USD Latest: Euro Area Growth Exceeds Forecast, Euro Looks Past Data

Euro Area Q3 growth exceeds expectations, however, Euro looks past data with Q4 momentum slowing dramatically.
Source: News FX

USDCHF analysis for 30.10.2020

KOF Economic Barometer and Retail Sales were published in Switzerland. USDCHF has been trying to recover from the previous decline since last week.
The support rests at 0.91400 with resistance at 0.91670 which both lines are above the weekly pivot point at 0.90800. The EMA of 10 is moving with bullish bias in the ascendant channel and it is located above the EMA of 100 and the EMA of 200. The RSI is moving in overbought area, the MACD line is above the signal line in the positive territory and the Stochastic is showing downward momentum. The ADX is showing buy signal. The price is above the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing an upward trend.
Long positions are recommended towards 0.91950.

Source: fxglory

USDJPY analysis for 30.10.2020

USDJPY had a growth yesterday following the growth of US stock market but the decline started again this morning. National CPI, Unemployment Rate and Industrial Production were released in Japan.
USDJPY is falling down within the descendant channel. There is a strong support on 104.100 and the resistance line is on 104.700. They are both below the weekly pivot point at 104.930. The indicators are showing mixed signals. Stochastic and ADX are showing downward momentum while MACD and RSI are bullish.
While considering pullbacks, buyers can expect the price to hit the upper Bollinger band at 104.750.

Source: fxglory