EUR/USD Rate Outlook Hinges on US Fiscal Stimulus, ECB Rate Decision

EUR/USD may stage a larger recovery over the coming days as the ECB appears to be on track to retain the current policy at the next interest rate decision on October 29.
Source: News FX

British Pound Under Pressure as Brexit Talks Beleaguer UK & EU Officials

The British Pound may fall if EU and UK negotiators fail to reach a consensus as the December 31 deadline nears. The third presidential debate is on deck, how might markets react?
Source: News FX

New Zealand Dollar Outlook: NZD/USD, NZD/JPY Hinge on Inflation Data

Upcoming Q3 inflation data will likely determine the near-term outlook for the New Zealand Dollar as the RBNZ continues to flag the implementation of negative rates.
Source: News FX

Dow Jones Sinks, Hang Seng May Follow. ASX 200 Could Rise on Dovish RBA

The Dow Jones plunged alongside pre-election fiscal stimulus hopes, will the Hang Seng Index follow Wall Street lower? The ASX 200 may rejoice on more dovish rhetoric from the RBA.
Source: News FX

USD/CAD Rebound Sputters Ahead of Looming Vote on US Fiscal Stimulus

Fresh developments coming out of the US may influence USD/CAD as Congress prepares to vote on another round of fiscal stimulus.
Source: News FX

AUD/USD Downtrend to Accelerate? Election Betting Odds Defying Polls

AUD/USD may face heightened liquidation pressure as support and descending resistance converge. Polling data shows Biden in the lead, but betting odds are telling a different story.
Source: News FX

USD Price Outlook: US Dollar Mired by Fiscal Stimulus Deadline

US Dollar outlook continues to hinge predominantly on whether or not House Democrats and Senate Republicans can set aside their differences to agree on a stimulus package before the election.
Source: News FX

Euro Dollar Forecast: EUR/USD Tests Trendline Resistance

EUR/USD tests trendline resistance as USD weakens amid renewed optimism for US stimulus.
Source: News FX

Canadian Dollar Price Forecast: USD/CAD Support, AUD/CAD Breakdown

USD/CAD is re-testing a key area on the chart, but the breakdown in AUD/CAD has been fairly clear following last week's descending triangle.
Source: News FX

Trump Vs. Biden on Economies and Markets

Depending upon the outcome of the November presidential election, the US economy could take very different tracks.
Source: News FX

Rand (ZAR) Update: Funding the Recovery Plan, Budget Speech in Focus

The South African Rand (ZAR) weakened to R16.70 to the dollar in the lead up to the economic recovery plan on Thursday. ZAR back near the psychological 16.50 mark
Source: News FX

Silver Price (XAGUSD) Rallying Through Short-Term Trend Resistance

Silver is following short-term support higher and is now pushing through trend resistance as the two lines intersect.
Source: News FX

British Pound (GBP) Latest – Post-Brexit Trade and Covid-19 Vaccine Talks Supporting Sterling

The EU and UK will continue post-Brexit trade talks today in an effort to break the current impasse, helping to underpin the British Pound at the start of the week.
Source: News FX

S&P 500 Index to Track Progress on US Stimulus Ahead of Deadline

The benchmark S&P 500 index’s near-term outlook continues to hinge on US fiscal aid talks as House Speaker Pelosi announces a 48-hour deadline to reach an agreement.
Source: News FX

Crude Oil Prices Challenge Chart Resistance After Chinese Economic Data

Crude oil prices are testing key chart resistance after the release of Chinese economic data, which pointed to a gradual recovery in world’s second-largest economy.
Source: News FX

Gold Forecast: Failure to Test Monthly Low Warns of Range Bound Prices

The price of gold may continue to consolidate after failing to test the monthly low ($1873) as it retains the opening range for October.
Source: News FX

LIVE: Australian Dollar in Focus on China GDP Data

How will Chinese GDP data impact the Australian Dollar as well as the broader financial markets? Follow the release live here!
Source: News FX

Dow Jones, Hang Seng Weekly Forecast: Eyeing Chinese Data, US Earnings

Wall Street futures edged up on Monday with hopes that Chinese data will lift optimism about economic recovery. US corporate earnings continued to deliver more positive surprises.
Source: News FX

AUD/USD Eyes September Low on More Detailed RBA Forward Guidance

AUD/USD appears to be on track to test the September low (0.7006) as RBA Governor Lowe pledges to not increase the official cash rate (OCR) “for at least three years.”
Source: News FX

Markets Week Ahead: US Dollar, Euro, S&P 500, Oil, China GDP, Global PMIs, Brexit

Financial markets remain volatile in the midst of Brexit negotiations, mounting coronavirus concerns, and US stimulus talks with the November election right around the corner. What's in store for t…
Source: News FX

S&P 500 May Eye Higher Levels on Upbeat Earnings, Stimulus Hopes

The S&P 500 index may shrug off a technical correction and aim for higher levels, buoyed by strong corporate earnings and stimulus hopes. Election and growth risks to be watched.
Source: News FX

Mexican Peso Fundamental Forecast: Dependent on Presidential Election Outcome

USD/MXNtries to consolidate a bearish breakthrough as uncertainty grows around the US presidential election
Source: News FX

Euro Forecast: EUR/USD Outlook Bearish as Second Wave of Covid-19 Hits Europe

For a while now, the economic damage caused by the coronavirus pandemic has been expected to be less in Europe than in the US. Now, though, that may have to be re-assessed.
Source: News FX

Gold to Retain Inverse Relationship to USD on Dovish Fed Guidance

The price of gold may continue to exhibit an inverse relationship with the US Dollar as the Federal Reserve retains a dovish forward guidance for monetary policy.
Source: News FX

US Dollar (DXY) Forecast – Picking Up a Bid as Stimulus Deal Hopes Fade

The US dollar continues to nudge higher as markets remain on edge ahead of the US election, while US stimulus talks seem to be going nowhere.
Source: News FX

Crude Oil Prices in Jeopardy Ahead of OPEC JMMC Meeting

Crude oil prices are at risk of breaking lower ahead of the OPEC JMMC meeting on October 19 after the IEA revised down its global demand estimates.
Source: News FX

GBP/USD Weekly Forecast: GBP/USD, EUR/GBP Eyes Brexit Latest

GBP caught in the crossfires of back and forth Brexit headlines. Choppy trading conditions to persist.
Source: News FX

US Dollar Perks Up as Retail Sales, Sentiment Data Top Forecast

USD price action is attempting to turn higher with the US Dollar reacting positively to better-than-expected US retail sales and consumer sentiment data just crossing market wires.
Source: News FX

South African Rand Dollar Forecast: USD/ZAR Indecisive as Political Pressure Intensifies

USD/ZAR remains rangebound ahead of presidential election and fears of economic recovery
Source: News FX

FTSE 100 – Latest Recovery Heading into a Cluster of Resistance as EU/UK Trade Talks Unfold

The FTSE 100 is trading in positive territory today after pressing down on a multi-month low on Thursday. A collection of resistance levels lie ahead.
Source: News FX

Brexit Latest: GBP/USD, EUR/GBP Focused on Boris Johnson Decision

Another volatile day looks to be on the cards for the Pound as market participants await PM Johnson’s Brexit response.
Source: News FX

EUR/USD Outlook: Vulnerable to Further Losses on Muted Inflation

EUR/USD at risk of extending its retreat from the monthly high if upcoming inflation data put further pressure on the ECB to adjust its monetary policy settings.
Source: News FX

Crude Oil, Gold Prices May Fall on US Retail Sales and Sentiment Data

Crude oil prices trimmed losses on rising US stimulus bets. However, WTI and gold prices may fall on disappointing retail sales and consumer sentiment figures as the week concludes.
Source: News FX

Dow Jones Rebounds on Stimulus Hopes, Nikkei 225 May Lead Asia Lower

Wall Street stocks had a ‘V-shaped’ rebound after President Trump called to push through the fiscal stimulus. US jobless claim data disappointed. Japanese stocks may trade lower.
Source: News FX

USD/CAD Extends Rebound Following Bullish Outside Day Price Formation

USD/CAD extends the rebound from the monthly low (1.3099) after carving a bullish outside day (engulfing) candle formation earlier this week.
Source: News FX

AUD/USD Dips on Traders Recalibrating Fiscal Stimulus Risks. Biden Leads in Polls

AUD/USD may continue to decline as traders reassess the risks of a delayed fiscal stimulus package amid a spike in Covid-19 cases. Biden continues to lead in the polls.
Source: News FX

ASX 200 Price Forecast: Aussie Index Tags Resistance, Will it Rally?

The ASX 200 has been rangebound since early June, but has approached the topside of its range and threatens a bullish break out. Can bulls press higher or will resistance prevail yet again?
Source: News FX

Copper Price Forecast: Will Chinese GDP Push Copper to New Highs?

While supply-side disruptions have eased, copper prices continue near multi-year highs and upcoming Chinese GDP data could give copper bulls fuel to push higher
Source: News FX

S&P 500 Bolstered by VIX Compression as Election Fear Fades

S&P 500 price action has gravitated lower over recent trading sessions as stocks slide due to reduced fiscal stimulus optimism, but fading election fears might support the broader equity index.
Source: News FX

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

It looks increasingly like that the RBNZ will move to negative interest rates in 2021. Meanwhile, the RBA may be ready to move again this year.
Source: News FX

British Pound Price Forecast: GBP/USD, GBP/JPY, EUR/GBP

GBP/USD may be brewing up a bear flag formation but nonetheless, there may be greener pastures elsewhere for GBP traders.
Source: News FX

How Will Markets React to the 2020 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

Euro Dollar Forecast: EUR/USD Confined to Fibonacci Support Amid Economic Woes

EUR/USD tests Fibonacci Support as a Bearish flag formation threatens bulls
Source: News FX

Mexican Peso Outlook – US Dollar Strength Driving USD/MXN Higher

A resurgent US dollar is supporting a move higher in USD/MXN and a fresh two-month peak is not out of the question if bullish USD sentiment remains.
Source: News FX

DAX, S&P 500 Forecast: Resurgence in COVID Cases Fuels Sell Off

A sea of red across equity markets as resurgence in COVID cases prompt renewed lockdown measures.
Source: News FX

British Pound (GBP) Latest: EU Leaders' Meeting to Determine Next Move in GBP/USD, FTSE

EU leaders start a two-day European Council meeting today, with the EU-UK relationship post-Brexit on the agenda. The outcome will likely determine the next big moves in GBP/USD and the FTSE 100.
Source: News FX

US Dollar Outlook: DXY Struggles as Fed Calls for Fiscal Stimulus

The US Dollar Index (DXY) could rebound on disappointing US jobless claims data as the Federal Reserve pleads for additional fiscal support.
Source: News FX

Gold Prices May Rise as Trump, Biden Talk Up Stimulus

Gold prices may rise while the US Dollar falls as US President Donald Trump and former Vice President Joe Biden talk up their fiscal stimulus plans.
Source: News FX

EUR/USD Rebound Takes Shape Amid Failure to Test Monthly Low

EUR/USD may continue to retrace the decline from the yearly high (1.2011) as the exchange rate appears to be reversing course ahead of the monthly low (1.1696).
Source: News FX

Bitcoin Outlook Buoyed by Inflation Expectations, Biden Lead

Bitcoin prices may continue to track higher on the back of Democratic presidential nominee Joe Biden’s lead in the polls and rising inflation expectations.
Source: News FX