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EUR/USD clings to Fibonacci retracement level as price action awaits ECB minutes

Rising US Treasury yields continue to cap bullish gold momentum with a series of short-term lower highs dominating the daily chart.

RBNZ reiterates negative rate view. NZD/USD, AUD/NZD levels to watch.

GBP/USD will likely continue to trade sideways ahead of next Thursday’s crucial EU summit, which will discuss the post-Brexit relationship between the EU and the UK.

The German DAX 30 index’s rebound could gather steam in the near-term, as several members of the European Central Bank flag the need for additional support.

Gold prices gained as the US Dollar fell on rising stimulus hopes, but the XAU/USD technical outlook favors the downside. Crude oil prices are eyeing the OPEC World Outlook report.

EUR/USD appears to be unfazed by the Federal Open Market Committee (FOMC) Minutes even though the central bank warns of a protracted recovery.

Markets did not appear to be impacted by the vice presidential debate, though subsequent polling data may stir market mood as investors now brace for the second presidential debate.

US stocks moved decisively higher on Wednesday after President Trump proposed piecemeal fiscal stimulus aids. Today’s vice presidential debate and US jobless claims are in focus.

The US Dollar has reversed gains against ASEAN currencies such as the Singapore Dollar as of late. Where does this leave USD/MYR, USD/SGD, USD/IDR and USD/PHP going forward?