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British Pound (GBP) Latest: More GBP/USD Weakness Ahead of Sunak Speech

Posted by By 24/09/2020Posted inForex
GBP/USD is continuing to slide on a strong US Dollar as traders wait for a speech by UK Chancellor Rishi Sunak in which he will announce new plans to support…
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Dow Jones Industrial Average Eyeing 200-DMA as Risk Appetite Abates

Posted by By 24/09/2020Posted inForex
The Dow Jones Industrial Average looks poised to slide back to its 200-day moving average as risk appetite continues to evaporate in the absence of additional stimulus
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Crude Oil Prices Swing Lower on Demand Concerns, Strong USD

Posted by By 24/09/2020Posted inForex
Demand concerns and a rising US Dollar sent crude oil prices lower on Wednesday. Cloudy economic recovery prospects weighed on sentiment, despite falling US crude inventories.
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EUR/USD Rate Takes Out August Low as RSI Tracks Downward Trend

Posted by By 24/09/2020Posted inForex
EUR/USD may face a further decline as it takes out the August low, while the RSI continues to track the downward trend carried over from the end of July.
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US Dollar Comeback Ahead? USD/SGD, USD/MYR, USD/PHP, USD/IDR

Posted by By 24/09/2020Posted inForex
The US Dollar could gain as it forms bullish technical formations against the Singapore Dollar and Malaysian Ringgit. USD/PHP may have bottomed, will USD/IDR rise next?
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Gold and Silver Vulnerable on Stagnating Stimulus Talks, USD Resurgence

Posted by By 24/09/2020Posted inForex
Gold and silver are at risk of extending their slide from monthly highs as the lack of additional fiscal stimulus and rising geopolitical tensions underpin USD.
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S&P 500 Breaks 23.8% Fibonacci, Hang Seng and Straits Times Fall

Posted by By 24/09/2020Posted inForex
Asia-Pacific equities face a cloudy day ahead after a bloodbath US trading session. The US Dollar climbs, the VIX volatility index surges and risk assets are in a “risk off”…
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Market Outlook Ahead of the First Biden-Trump Presidential Debate

Posted by By 24/09/2020Posted inForex
What is the outlook for financial markets ahead of the first presidential debate and how are Democratic nominee Joe Biden and President Donald Trump doing in the polls?
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NZD/USD Forecast: Bearish Price Sequence Brings August Low on Radar

Posted by By 24/09/2020Posted inForex
NZD/USD appears to be on track to test the August low (0.6489) as it extends the series of lower highs and lows from earlier this week.
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EUR/USD Selloff to Accelerate? Biden-Trump Race for Florida Tightens

Posted by By 23/09/2020Posted inForex
EUR/USD crossed a key threshold, potentially marking the start of a deeper reversal as the spread between Biden and Trump in Florida tightens; but what does general election data indicate?
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