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Gold Price Fundamental Outlook Bolstered by US Dollar Weakness

Posted by By 06/11/2020Posted inForex
Gold price action just inked its best weekly gain since late July when the precious metal was in the midst of a bullish breakout. Can gold continue propelling higher on…
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Nasdaq Rally Pauses as Trump Contests Election Votes for Biden

Posted by By 06/11/2020Posted inForex
Stocks are up massively this week with the Nasdaq surging nearly 10% in the wake of the election, but the tech-heavy equity index has started to slip on fear that…
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U.S. Presidential Election Impact on Markets: Initial Reaction

Posted by By 06/11/2020Posted inForex
It appears that Democrat Joe Biden will be the next president of the United States. What does this mean for financial markets?
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Pound Technical Analysis: GBP/USD Set up to Stay Strong

Posted by By 06/11/2020Posted inForex
A generally weak dollar is setting up cable and others to rally in the days ahead; GBP/USD lines and levels to watch.
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VIX Index: US Election Uncertainty to Drive Market Volatility

Posted by By 06/11/2020Posted inForex
The VIX Index tends to rise as the US presidential election approaches as investors hedge against potential downside risk that can arise from such a turbulent event.
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DAX 30, FTSE 100, CAC 40 Forecasts for the Week Ahead

Posted by By 06/11/2020Posted inForex
While US stocks have led the charge higher this week, the DAX 30, FTSE 100 and CAC 40 have enjoyed rallies of their own, retaking key technical levels in the…
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US Dollar Selloff Unfazed by NFP Data with Focus on Election

Posted by By 06/11/2020Posted inForex
The US Dollar bounced in response to solid nonfarm payrolls data, but the rebound looks short-lived with USD price action facing heavy selling pressure as election results point to a…
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USD/CAD Technical Outlook: Looking to Snap Support, Extend Slide

Posted by By 06/11/2020Posted inForex
USD/CAD is very near breaking long-term support, which will put it in danger of trading off by a much larger amount.
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USD/JPY – A Fresh Eight-Month Low Ahead of US Jobs Report as Vote Count Continues in Key States

Posted by By 06/11/2020Posted inForex
The US dollar may be set for another bout of volatility later in the session with the release of the monthly US jobs report.
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British Pound Latest: US Dollar Driving GBP/USD Gains, EUR/GBP Upside Capped

Posted by By 06/11/2020Posted inForex
US Dollar remans key driver behind GBP/USD gains. Bias to fading EUR/GBP rallies .
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