NZD/USD Rate Weakness to Persist as RSI Retains Downward Trend
NZD/USD struggles to retain the advance from the September low (0.6512), and the bearish price action may persist as the RSI retains a downward trend.
Nasdaq Whipsawed by Fiscal Stimulus Talks, Vice Presidential Debate Ahead
The Nasdaq continues to seesaw with other equity indices over ambiguity of fiscal stimulus developments ahead of the first and only vice presidential debate.
Gold Price Forecast: Precious Metal Backs off Resistance, Pauses Break Out
After testing resistance earlier this week, gold has since fallen back into the depths of a descending wedge that might keep gold prices contained for the time being. Still, the…
US Dollar Defends Session Lows Following September FOMC Minutes
The US Dollar searches for a relief bounce off session lows following ominous remarks found in the September FOMC minutes just released. Where is USD price action and the DXY…
Crude Oil Technical Outlook: Oil Price Struggling Below 50-DMA
Oil price action remains turbulent as the commodity swings wildly within a 10% trading range in a matter of days, but downward pressure might prevail as crude fails to eclipse…
Euro Technical Outlook: EUR/USD Bounce Brings Fade Potential
A Euro recovery into the October open may be vulnerable as price approaches the first major resistance. Here are the levels that matter on the EUR/USD weekly chart.
GBP/JPY IG Client Sentiment: Our data shows traders are now net-short GBP/JPY for the first time since Sep 24, 2020 when GBP/JPY traded near 134.38.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/JPY-bullish contrarian trading bias.
DAX 30 Technical Outlook: Short & Medium-term Scenarios to Watch
The DAX looks vulnerable here, but we have been here before; two scenarios to watch for the short to medium-term outlook.
USD/JPY Analysis: USDJPY Surges, Postponement of US Stimulus Talks
President Donald Trump advised his team to walk away from stimulus negotiations until after the election. USD/JPY has seen a sharp rise but faces stern near term resistance
FTSE 100 Brewing Up for a Breakout as Technical Indicators Come Together
The FTSE 100 remains rangebound as COVID-19 and Brexit themes play out, but a breakout may be on the cards as a clutch of moving averages converge.