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S&P 500 Climbs to One-Month High, Nikkei 225 Breaks Key Resistance

Posted by By 09/10/2020Posted inForex
US stock indices climbed to their one-month highs alongside a falling US Dollar after the vice presidential debate. Asia-Pacific equities may trade mixed as mainland Chinese markets resume trading.
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Indian Rupee, Nifty 50 Await RBI as USD/INR Downtrend Steadies

Posted by By 09/10/2020Posted inForex
After being postponed, the Indian Rupee and Nifty 50 are awaiting the Reserve Bank of India later today. This is as USD/INR seems to be transitioning into a consolidative state.
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Nasdaq 100 at Key Resistance as Biden and Harris Surge in the Polls

Posted by By 08/10/2020Posted inForex
The tech-leaning Nasdaq index closed just below key technical resistance as Biden and Harris surged in the polls following the vice-presidential debate.
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Canadian Dollar Forecast: USD/CAD Tests Support, CAD/JPY Extends Rally

Posted by By 08/10/2020Posted inForex
The Canadian Dollar has enjoyed a strong performance in the last two weeks, with USD/CAD falling to support while CAD/JPY has extended its recent rally.
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Dow Jones & Nasdaq 100 Wrestle With Resistance, Are They At Risk?

Posted by By 08/10/2020Posted inForex
The Dow Jones and Nasdaq 100 have fully recovered from Tuesday’s reversal and are probing topside resistance as a result. If resistance holds, will they reverse lower yet again?
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US Dollar Digestion: EUR/USD, GBP/USD Price Action Setups

Posted by By 08/10/2020Posted inForex
The US Dollar has been digesting this week, and there may be a directional change on the horizon in EUR/USD and GBP/USD.
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Australian Dollar Forecast: AUD/USD Breakout Pending- Aussie Setup

Posted by By 08/10/2020Posted inForex
Australian Dollar is virtually flat this week with a well-defined opening-range poised below resistance. Here are the levels that matter on the AUD/USD technical charts.
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Negative Interest Rates – Can They Stimulate The Economy?

Posted by By 08/10/2020Posted inForex
Negative interest rate talk is now commonplace among central bankers across the globe. What are they and do they work?
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Crude Oil Price Stability Gives Room for USD/CAD Selloff – Can it Last?

Posted by By 08/10/2020Posted inForex
The ongoing tug-and-pull between the global economic recovery and the supply-demand deficit has provided stability for energy prices in general.
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USD/CAD Technical Analysis: Can Short-term Support Hold Before Long-term Test?

Posted by By 08/10/2020Posted inForex
USD/CAD has backed itself down into near-term support, but the question is whether it can hold before testing the threshold that put a low in to start last month.
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