Euro Forecast: EUR/USD Outlook Bearish Near Term, Bullish Long Term
EUR/USD is no longer oversold after its bounce last week and an extension of its previous decline now seems likely short term. However, the outlook longer term is more positive.
GBP Weekly Forecast: Key GBP/USD, EUR/GBP Levels to Watch, Brexit Deal or No-Deal?
Once again, another volatile week for GBP albeit closing on a high note. Prospects of a Brexit deal are rising.
Gold May Surrender on Lockdowns, Vice Presidential Debate, Fiscal Stimulus Stalemate
Gold prices may retreat if uncertainty around government lockdown orders, the vice-presidential debate and ongoing fiscal stimulus talks undermine global growth and inflation prospects.
Japanese Yen Outlook: AUD/JPY, EUR/JPY Key Levels for the Week Ahead
The Japanese Yen’s resurgence last month may fail to carry over into October, as the haven-associated currency struggles to hold above pivotal chart support.
Dollar Forecast Hinges on Trump and Covid Headlines – For Next Week and Month
The Dollar – like risk assets – ended off this past week with another deep inhalation as market participants held their breath heading into October. With election, coronavirus and economic…
Dow Jones Formed an "AB=CD" Pattern, Signaling Potential Trend Reversal
The Dow Jones Industrial Average may attempt a trend reversal after forming an “AB=CD” pattern. Immediate resistance can be found at 27,850 - the 50-Day SMA.
EUR/USD Technical Analysis: Euro May Fall as Major Top Forms
The Euro may have started the next major leg in its 12-year downtrend against the US Dollar, with scope for an extended drop back below parity in the months ahead.
AUD/USD Outlook Hinges on RBA Meeting, Australia Budget Update
Key developments coming out of Australia may influence AUD/USD as the update to the federal budget lines up with the Reserve Bank of Australia (RBA) meeting on October 6.
Gold Price Technical Outlook Looks Near-term Bearish
The gold bounce looks poised to end and turn into another leg lower soon.
British Pound (GBP) Outlook – Sterling Traders Should Prepare For a Volatile Week Ahead
Former British Prime Minister Harold Wilson once said that ‘a week is a long time in politics’ and next week could prove to be a seminal few days for the…