Gold remains stuck in a short-term sideways pattern and needs a fundamental driver to force a breakout. US dollar price action around Friday’s NFP report may provide that driver.
Sterling is extending its recent upward trend as trader appetite for risk continues to improve on robust US data, signs a US fiscal stimulus program could be agreed and Covid-19…
The EUR/JPY exchange rate’s rebound from multi-month lows may prove short-lived as the European Central Bank flags the potential adoption of average inflation targeting
WTI crude oil prices climbed on stimulus hopes and a bigger-than-expected fall in DOE stockpiles. An immediate resistance level can be found at US$ 40.4 – the 100-Day SMA
AUD/USD extends the rebound from the September low (0.7006) as the RSI appears to be on the cusp of snapping the downward trend carried over from the previous month.
The US Dollar is losing its push versus ASEAN FX. USD/SGD still faces a bullish chart pattern with USD/MYR eyeing long-term resistance. USD/PHP faces mixed signals, USD/IDR may fall.
Copper may continue to climb higher in the final quarter of 2020, as soaring Chinese demand and rebounding global manufacturing activity underpins the ductile metal.
What will the global economy and international trade regime look like under a Trump or Biden administration and how will that impact foreign exchange markets?