US Dollar Slides Lower – GBPUSD and EURUSD Outlooks

The US dollar (DXY) is pointing lower again and is within striking distance of a fresh 27-month low, underpinning both EUR/USD and GBP/USD.
Source: News FX

USD/ZAR Latest: Global Factors Dictating the South African Rand

With the USD/ZAR consolidating, it is only a matter of time before the pair receives the required fundamental catalyst to give traders directional bias
Source: News FX

New Zealand Dollar Forecast: NZD/USD, NZD/CAD Pressured by RBNZ Doves

NZD continues underperform as RBNZ doves maintain pressure on the currency.
Source: News FX

EU Stoxx 50 Index May Slide Lower on Disappointing GDP, Employment Data

The EU Stoxx 50 index is at risk of a near-term pull back ahead of the Euro-area’s upcoming second-quarter GDP release.
Source: News FX

Gold Prices May Resume Selloff After Digesting Largest Drop in 7 Years

Gold prices might face renewed selling pressure after pausing to digest the biggest one-day drop in over seven years. Crude oil prices appear vulnerable as well.
Source: News FX

Crude Oil Prices Brace for Impact with US-Iran Tensions Brewing

Crude oil prices may rise if renewed US-Iran tensions stoke supply-disruptions fears – but will that be enough to sustainably offset OPEC disengagement and push Brent higher?
Source: News FX

Australian Dollar Dips Lower Despite Better-Than-Expected Employment Data

The Australian Dollar initially climbed higher before stumbling at session-highs, despite positive Australian jobs data.
Source: News FX

Hang Seng Gains Before US-China Talks, Gold Prices Stabilize

The Hang Seng Index surged for a second day ahead of the review of the US-China phase one trade deal. Treasuries fell on rising inflation expectations.
Source: News FX

Canadian Dollar Forecast: Bond Yields Sink USD/CAD, TSX Eyes March High

The Canadian Dollar gained with government bond yields, might USD/CAD find its way to current 2020 lows? Canada’s benchmark stock index, the TSX Composite, faces the March high.
Source: News FX

Australian Dollar Eyes Jobs Data After S&P 500 Touched All-Time High

Australian Dollar traders will have their eye on local jobs data. AUD and commodity-linked currencies may be boosted by strong risk appetite after a buoyant day on Wall Street trade.
Source: News FX

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

New Zealand Dollar Plunges As RBNZ Boosts Large-Scale Asset Purchase Program

The New Zealand Dollar tumbled after the RBNZ expanded its asset purchasing program and flagged the potential implementation of negative interest rates.
Source: News FX

NZD/USD May Rise on RBNZ Rate Decision. Tech Stocks Extended Losses

New Zealand Dollar traders will be anxiously waiting for the RBNZ rate decision following a gloomy session in Wall Street trade. Technology stocks led in losses – why are they retreating?
Source: News FX

Dow Jones, Nasdaq 100, S&P 500 Forecast: Stocks Slip As Biden Announces VP

US equities forfeited earlier gains to close at the lows moments before Presidential candidate Joe Biden announced California Senator Kamala Harris as his Vice President pick. Will stocks fall furt…
Source: News FX

New Zealand Dollar Forecast: Kiwi in Focus as RBNZ Decision Looms

NZD price action could steal the limelight on Wednesday as volatility spikes with an RBNZ interest rate decision due for release at 02:00 GMT. Here are levels to watch for the New Zealand Dollar.
Source: News FX

Australian Dollar Price Forecast: AUD/USD Threatens Reversal

It's been a strong outing for the Aussie since fresh lows in March, but might that bullish run be nearing its end?
Source: News FX

Euro Price Outlook: EUR/USD Builds Range – Chart Levels Eyed

EUR/USD price action has drifted sideways over the last few trading sessions as Euro strength putters out and helps the US Dollar claw back recent losses. Where is EUR/USD headed next?
Source: News FX

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

Even as global growth appears to be getting back on track, central banks are in no hurry to raise interest rates.
Source: News FX

GBP/USD, AUD/JPY & More: Charts and Technical Outlook

GBP/USD is holding up nicely around big resistance while AUD/JPY builds bullish-looking pattern; charts and potential paths for these two and other pairs/markets.
Source: News FX

Gold Losing Shine on Rising US Rates, NZD/USD Volatility Soars – US Market Open

NZD volatility gauge surges ahead of RBNZ meeting, while Gold corrects lower as US rates surge.
Source: News FX

NZD/USD Outlook: Can Bulls Maintain Control Ahead of RBNZ Decision?

Fibonacci resistance holds strong ahead of RBNZ decision
Source: News FX

British Pound (GBP) Latest: GBP/USD Shrugs Off UK Employment Data, Focus Now on Q2 GDP

The latest UK employment release has barely moved Sterling with Wednesday's Q2 GDP data a more accurate barometer of the state of the UK economy.
Source: News FX

USD Index Forecast: Bear Flag Pattern Emerges Amid US Stimulus Talks

The US Dollar appears poised to resume its decline from the March high, carving out a Bear Flag continuation pattern just below key chart resistance.
Source: News FX

Gold Prices Sink as Inflation Expectations Drop and US Dollar Gains

Gold prices are on pace to suffer their largest three-day drop since late March as cooling inflation expectations undermine the metal’s store-of-value appeal.
Source: News FX

AUD/USD Forecast: Rate to Watch Ahead of Australia Employment Report

AUD/USD may stay afloat ahead of the update to Australia’s Employment report as the crowding behavior in the US Dollar carries into August.
Source: News FX

Natural Gas Price At Risk Of Pullback Amid European Storage Concerns

Natural gas prices may pull back after surging 23% in August as European storage facilities near capacity and OPEC+ hikes daily crude oil quotas.
Source: News FX

S&P 500 Faces Key Chart Barrier, Hang Seng Index Looks for Support

The S&P 500 index is set to challenge a key resistance at 3,360 – the 200% Fibonacci extension level. The Hang Seng Index looks for support at around 24,400.
Source: News FX

USD/CAD Rate Rebound Undermined by Crowding Behavior in US Dollar

Current market conditions may keep USD/CAD under pressure as the crowding behavior in the US Dollar persists.
Source: News FX

AUD/NZD Broke Half-Decade Ceiling. Tech Stocks Retreat on Sino-US Risks

AUD/NZD has crossed a key technical threshold after being rejected by descending resistance for five years. Technology stocks continue to suffer amid growing US-China tension.
Source: News FX

Dow Jones & DAX 30 Forecasts: Lagging Industrials Stymie Gains

The Dow Jones and DAX 30 continue to lag the tech-heavy Nasdaq 100 as their greater exposure to industrial sectors looks to keep a lid on explosive gains.
Source: News FX

Dollar vs Mexican Peso Price Outlook: USD/MXN Range Breakout Imminent

Mexican Peso has carved the August opening-range just below trend resistance- breakout to offer guidance. Here are the levels that matter on USD/MXN technical charts.
Source: News FX

Markets in Limbo as Volatility Gyrates: VIX, EVZ, VXEEM, OVX

Gauges of cross-asset volatility like the VIX, EVZ, VXEEM, and OVX have tumbled lower as appetite for risk prevails, but building uncertainty around fiscal stimulus and trade tension hangs over mar…
Source: News FX

FTSE 100 Forecast for the Week Ahead: Key Data Due as Momentum Fades

The FTSE 100 will await key data from the United Kingdom as bullish momentum has begun to fade over the last few weeks. Can a strong showing revive risk appetite?
Source: News FX

US Dollar Consolidates Below Critical Support – Key Levels for DXY Index

The US Dollar (via the DXY Index) has fallen below uptrend support in place since 2011.
Source: News FX

Canadian Dollar Price Outlook: USD/CAD Tests TL Resistance

USD/CAD has put in a resistance check, but can the pair break through short-term support?
Source: News FX

Weekly Crude Oil Technical Forecast: Tedious Trading Continues

Crude oil prices have been rather quiet in recent weeks, with the four-week ATR falling to its lowest level since the last week of December.
Source: News FX

Gold Price Steadies After Friday's Sell-Off, Silver's Volatility Remains Elevated

Gold and silver continue to regroup after Friday’s sharp sell-off as familiar themes battle to take control of short-term price action.
Source: News FX

British Pound (GBP) Latest: GBP/USD Nudges Higher, FTSE 100 Picks-Up as President Trump Takes Action

The British Pound is registering small opening gains and the FTSE 100 is nudging higher after US President Trump announced new COVID-19 aid measures.
Source: News FX

British Pound Outlook: GBP/USD, GBP/JPY at Risk Ahead of UK Jobs Data

The British Pound may fall on disappointing UK employment data as investors look ahead to the end of the government’s furlough scheme in October.
Source: News FX

Crude Oil Prices Eye US Congress for Direction Amid Fiscal Deadlock

Crude oil prices look for direction in ongoing negotiations in the US Congress about a new round of fiscal stimulus to counter Covid-19 malaise.
Source: News FX

EUR/USD Rate Forecast: RSI Indicator Shows Textbook Sell Signal

The Relative Strength Index (RSI) shows a textbook sell-signal for the EUR/USD exchange rate as the indicator falls back from overbought territory and slips below 70.
Source: News FX