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Markets Week Ahead: US Dollar, Gold , Dow Jones, Sterling, US Stimulus, NFPs

Posted by By 28/09/2020Posted inForex
The US Dollar soared as the Dow Jones and S&P 500 extended losses, gold prices fell. Investors may be growing increasingly impatient for further US fiscal stimulus. The British Pound…
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US Dollar Technical Outlook: DXY Pulling off March Low, Looking to Nearby Support

Posted by By 28/09/2020Posted inForex
The US Dollar Index (DXY) is coming off the March low, but not too far below are levels that could keep the USD supported.
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USD Correction Poses Short Squeeze Concern, USD/JPY the Preferred Hedge of US Election Risk – COT Report

Posted by By 28/09/2020Posted inForex
US Dollar sold into as corrective rally took place, risking short squeeze on larger correction.
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Gold, Silver Price Forecast: Will 100-Day SMA Hold or Break?

Posted by By 28/09/2020Posted inForex
Gold and silver prices are consolidating near their 100-Day Simple Moving Averages (SMAs) at US$ 1,870 and US$ 22.80 respectively. The US Dollar is closely eyed.
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USD/JPY Rebound Fades On Renewed Stimulus Optimism, Vaccine Progress

Posted by By 28/09/2020Posted inForex
The USD/JPY exchange rate’s 5-day recovery from multi-month lows could fade in light of renewed stimulus optimism and Covid-19 vaccine progress.
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US Dollar Rose, Capital Fled Emerging Markets. SGD, IDR, PHP, MYR at Risk?

Posted by By 28/09/2020Posted inForex
The US Dollar soared against emerging market and ASEAN currencies as capital fled developing economies in a sign of rising concern about the global growth outlook. Will this continue?
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Gold Price Holds Steady as Fed Balance Sheet Approaches June Peak

Posted by By 28/09/2020Posted inForex
The price of gold holds near the monthly low ($1849) as the Federal Reserve’s balance sheet widens for the second week to reach its highest level since June.
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GBP, USD Eye Brexit, Presidential Debate & Outlook for Stimulus Talks

Posted by By 28/09/2020Posted inForex
The British Pound and US Dollar will be contending with the rising geopolitical risks of Brexit, US fiscal stimulus talks and the first presidential debate in a data-packed week.
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Japanese Yen Outlook: AUD/JPY, CAD/JPY, EUR/JPY Levels To Watch

Posted by By 28/09/2020Posted inForex
The Japanese Yen’s 5% surge from the yearly low could prove to be a mere counter-trend correction as key chart resistance appears to have stifled topside potential.
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NZD/USD Analysis: Bearish Price Sequence Sputters Ahead of August Low

Posted by By 28/09/2020Posted inForex
NZD/USD may consolidate going into October as the decline from the monthly high (0.6798) sputters ahead of the August low (0.6489).
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