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

Posted by By 18/10/2020Posted inForex
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…
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British Pound Technical Forecast: GBP/USD, GBP/JPY, EUR/GBP

Posted by By 18/10/2020Posted inForex
The British Pound threatened a downside break on Friday but quickly pulled back. What might be in store for next week as the UK moves closer to a no-deal Brexit?
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Gold to Retain Inverse Relationship to USD on Dovish Fed Guidance

Posted by By 17/10/2020Posted inForex
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.
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US Dollar (DXY) Forecast – Picking Up a Bid as Stimulus Deal Hopes Fade

Posted by By 17/10/2020Posted inForex
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.
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Nasdaq 100, Dow Jones, DAX 30 Forecasts for the Week Ahead

Posted by By 17/10/2020Posted inForex
A week of back and forth trading saw the Nasdaq 100 close slightly in the green, notching a third consecutive week of gains. With earnings season in full swing, here…
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Crude Oil Prices in Jeopardy Ahead of OPEC JMMC Meeting

Posted by By 17/10/2020Posted inForex
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.
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EUR/USD Technical Outlook: Euro Enters Week with Uncertainty

Posted by By 17/10/2020Posted inForex
The Euro is leaning lower at the moment, but that could change; week ahead may help decide a direction or just leave us with more sideways chop – what to…
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Australian Dollar Eyes China Q3 GDP Data, Earnings Rising Covid-19 Cases

Posted by By 17/10/2020Posted inForex
The Australian Dollar will be closely watching Chinese Q3 GDP data amid a cascade of earnings data with growing concern about the impact of growing Covid-19 cases on the global…
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Gold Price Outlook: Precious Metals Seeking Bullish Catalyst

Posted by By 16/10/2020Posted inForex
Gold price action dropped by 1% this past week as precious metals struggled to maintain altitude in the absence of a needed bullish catalyst. Will the broader trend prevail or…
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GBP/USD Weekly Forecast: GBP/USD, EUR/GBP Eyes Brexit Latest

Posted by By 16/10/2020Posted inForex
GBP caught in the crossfires of back and forth Brexit headlines. Choppy trading conditions to persist.
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