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USD/MXN Technical Outlook Worsens as Yearly Highs Come into Play

Posted by By 18/09/2020Posted inForex
The Peso isn't weakening here with stocks, perhaps that continues perhaps not; watch USD/MXN technical merits for cues versus correlations.
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EUR/JPY, AUD/JPY, USD/CAD, Gold – Charts for Next Week

Posted by By 18/09/2020Posted inForex
Looking ahead to next week there are some interesting charts to watch across different markets.
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South African Rand: ZAR Strengthens as SARB Signals End to Rate Cuts

Posted by By 18/09/2020Posted inForex
USD/ZAR lower after the South African Reserve Bank (SARB) keeps the Repo Rate on hold. Implied policy path indicates no further rate cuts this year�
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Japanese Yen Outlook: Beware of Currency Intervention Levels

Posted by By 18/09/2020Posted inForex
Japanese Yen goes from strength to strength against the US Dollar, while CHF/JPY reversal is underway.
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British Pound (GBP) Latest: Brexit Trade Talk, New Lockdowns and UK Retail Sales Data

Posted by By 18/09/2020Posted inForex
The mood music in EU/UK trade talks may be shifting after EC President Ursula von der Leyen said that she was ‘convinced’ that a deal was still possible.
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USD/CAD Capped by Key Resistance Ahead of Canada Retail Sales Data

Posted by By 18/09/2020Posted inForex
The USD/CAD exchange rate may extend its slide from the monthly high ahead of Canadian retail sales data, as the Bank of Canada’s wait-and-see approach underpins CAD.
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Euro Technical Forecast: EUR/USD, EUR/CHF, EUR/AUD, EUR/CAD

Posted by By 18/09/2020Posted inForex
The Euro seems to have avoided a breakout lower against the US Dollar. This is as EUR/CHF faces converging trend lines. EUR/AUD may bounce, will EUR/CAD follow higher?
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Dow Jones Futures Fluctuate, DAX 30 and ASX 200 In Tight Range

Posted by By 18/09/2020Posted inForex
The Dow Jones Industrial Average futures are oscillating in early Asia hours after falling 0.47% on Thursday. Global equity indices look set to consolidate amid US fiscal stimulus uncertainty.
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Gold Price Continues to Rebound from 50-Day SMA Following FOMC

Posted by By 18/09/2020Posted inForex
The price of gold tagged the 50-Day SMA ($1935) for the second time this month, but current market trends may keep bullion afloat amid crowding behavior in the US Dollar.
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EUR/USD Selloff Ahead? Biden-Trump Spread Narrows

Posted by By 17/09/2020Posted inForex
EUR/USD has broken two uptrends, potentially setting the pair up for a reversal as Biden’s lead over Trump narrows below the roughly 7-point average.
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