AUD/USD & ASX 200 Forecast: Can Aussie Stocks Break Higher?

The ASX 200 has encountered robust resistance around the 6,185 mark while AUD/USD looks to continue its upward journey. Still, shifts in risk appetite leave both markets on precarious footing.
Source: News FX

VIX Index Flops as Rotation Trade Sends Stocks & Yields Surging

The VIX Index, or fear-gauge, is falling fast as S&P 500 price action rallies hard on the back of the rotation trade out of bonds and into stocks. This is sending Treasury yields on a sharp spike h…
Source: News FX

New Zealand Dollar Forecast: NZD/USD, NZD/CAD Slip to Major Support

New Zealand Dollar weakness has sent NZD/USD and NZD/CAD stumbling to major trendline support after a dovish RBNZ rate decision. If broken, both pairs may be susceptible to further selling.
Source: News FX

Silver Price Forecast: Silver Slices Support, Bulls Aim for Recovery

While Gold had a big month of July – Silver put in a far bigger move. But as the release valve has opened in the month of August, can bulls support the trend?
Source: News FX

FTSE 100 Latest: Moving Higher Towards Trading Range Resistance

The FTSE 100 remains locked in a 6-8 week trading range and is currently pushing towards a re-test of the upper bound and the 50% Fibonacci retracement level.
Source: News FX

EUR/GBP Looks for Directional Cues after Record Drop in UK GDP Data

EUR/GBP fixated around the key 0.9000 level as price action offers no clear directional bias as the market digests a record drop in UK GDP
Source: News FX

Gold & Silver Prices Bounce Off Key Support Following Bond Fuelled Crash

Gold and Silver crash stemming from a surge in US yields. However, both bounce off 50% retracement.
Source: News FX

UK Q2 GDP Falls by a Record 20.4% But Signs of a Recovery Appear, GBPUSD Unchanged

The UK economy fell into a technical recession in the second quarter due to the COVID-19 pandemic with the economy contracting by over 20%. The monthly GBP figure for June however shows signs of a …
Source: News FX

Euro Price Outlook: EUR/USD Bull Flag in Play as Covid-19 Case Numbers Taper

The EUR/USD exchange rate appears poised to resume its uptrend as it carves a potential Bull Flag pattern just shy of chart resistance.
Source: News FX

Nasdaq Drops as Tech Rotates Out of Favor, Nikkei 225 Tests Resistance

The Nasdaq retraced as capital rotated out from technology to cyclical sectors. Japan’s Nikkei 225 index challenged a key resistance at 22,900. Gold prices tumbled.
Source: News FX