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Nasdaq 100 Forecast: Exodus from Tech ETF Has Worrisome Historical Parallel

Posted by By 23/09/2020Posted inForex
The Nasdaq 100-tracking QQQ ETF saw its largest outflow since October 2000 on Friday, revealing conviction behind recent declines in technology stocks. Will outflows continue?
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USD/CHF Price Outlook: Swiss Franc Falls Sharply Ahead of SNB

Posted by By 23/09/2020Posted inForex
The Swiss Franc has floundered over recent trading sessions as the US Dollar strengthens sharply, which has sent USD/CHF price action ripping higher headed into a monetary policy update from…
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Canadian Dollar Outlook: USD/CAD Breakout Levels- Bull’s First Test

Posted by By 23/09/2020Posted inForex
Canadian Dollar is under pressure with a three-week rally in USD/CAD now approaching initial resistance. These are the levels that matter on the Loonie technical charts.
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DAX 30 Price Outlook: German Index Broke Trendline Support, Now What?

Posted by By 23/09/2020Posted inForex
The DAX 30 broke beneath a pivotal trendline this week which may have opened the door to further losses. With equity weakness persisting, where might the DAX find secondary support?
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US Dollar Extends Rally as Global PMI Data Fans Volatility

Posted by By 23/09/2020Posted inForex
The US Dollar is pushing higher against major FX peers on the back of discouraging global PMI data, and USD price action could sustain its rebound off two-year lows amid…
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Gold Price Forecast: XAU Sinks to Support, Gold Fresh Monthly Lows

Posted by By 23/09/2020Posted inForex
Gold prices flew up to a fresh all-time-high in early-August but, since then, matters have changed. This morning saw a fresh monthly low print in Gold.
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Nasdaq 100 Technical Outlook: Trying to Hold Top of Important Long-term Structure

Posted by By 23/09/2020Posted inForex
The NDX sell-off put the index back around major long-term support, how it plays out around here could have significant big-picture ramifications.
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AUD/NZD Outlook: RBA vs RBNZ Monetary Divergence Wanes

Posted by By 23/09/2020Posted inForex
AUD/NZD upside may struggle as RBA looks to ease policy further. RBNZ stands pat with little expected prior to NZ election.
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EUR/GBP Outlook: Freight Adds to Brexit Woes, UK PMI, Bullish Pennant

Posted by By 23/09/2020Posted inForex
The UK government warned that EU bound freight trucks could face a 7000-truck-long queue at Kent - a major gateway to Europe - after the UK leaves the customs union
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British Pound (GBP) Latest: GBP/USD Will Likely Fall Further, FTSE Up

Posted by By 23/09/2020Posted inForex
GBP/USD dropped through an important support level Tuesday, suggesting more losses are on the way. The next key support comes from the 200-day moving average at 1.2655.
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