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EUR/JPY IG Client Sentiment: Our data shows traders are now net-long EUR/JPY for the first time since Oct 01, 2020 when EUR/JPY traded near 123.97.

Posted by By 15/10/2020Posted inForex
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/JPY-bearish contrarian trading bias.
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How Will Markets React to the 2020 Election?

Posted by By 15/10/2020Posted inForex
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.
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USD/ZAR Technical Outlook: USD Has Potential for Big Rally This Quarter vs Rand

Posted by By 15/10/2020Posted inForex
USD/ZAR may continue to be choppy for a bit while longer, but the long-term trend could reassert itself some time in the coming weeks...
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Euro Dollar Forecast: EUR/USD Confined to Fibonacci Support Amid Economic Woes

Posted by By 15/10/2020Posted inForex
EUR/USD tests Fibonacci Support as a Bearish flag formation threatens bulls
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Mexican Peso Outlook – US Dollar Strength Driving USD/MXN Higher

Posted by By 15/10/2020Posted inForex
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.
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DAX, S&P 500 Forecast: Resurgence in COVID Cases Fuels Sell Off

Posted by By 15/10/2020Posted inForex
A sea of red across equity markets as resurgence in COVID cases prompt renewed lockdown measures.
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Germany 30 IG Client Sentiment: Our data shows traders are now net-long Germany 30 for the first time since Oct 05, 2020 12:00 GMT when Germany 30 traded near 12,883.50.

Posted by By 15/10/2020Posted inForex
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Germany 30-bearish contrarian trading bias.
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British Pound (GBP) Latest: EU Leaders' Meeting to Determine Next Move in GBP/USD, FTSE

Posted by By 15/10/2020Posted inForex
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…
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US Dollar Outlook: DXY Struggles as Fed Calls for Fiscal Stimulus

Posted by By 15/10/2020Posted inForex
The US Dollar Index (DXY) could rebound on disappointing US jobless claims data as the Federal Reserve pleads for additional fiscal support.
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Gold Prices May Rise as Trump, Biden Talk Up Stimulus

Posted by By 15/10/2020Posted inForex
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.
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