Forex

AUD/NZD looks to have priced in RBA easing, while RBNZ is still intent on negative rates.

USD/JPY continues to press down hard on multi-month support as the Japanese Yen picks up a fresh risk-off bid

GBP/USD is back to the 1.30 level and rising gently after Wednesday’s selloff led to a brief spike below trendline support that was soon reversed.

Europe’s benchmark EU Stoxx 50 index may extend its declines amid a wave of enhanced coronavirus restrictions ahead of the European Central Bank interest rate decision.

Crude oil and gold prices may continue to fall if third-quarter US GDP data disappoints, triggering another round of liquidation across global financial markets.

The haven-associated US Dollar may continue to recover against its major counterparts as market sentiment notable sours. DXY, AUD/USD, EUR/USD, GBP/USD levels to watch.

The Indian Rupee may weaken following a breakout higher in USD/INR. Despite rising global stock market volatility, the Nifty 50 has been holding its ground. Could it capitulate lower?

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/CAD-bullish contrarian trading bias.

Asia-Pacific stocks might be vulnerable to a deeper pullback following a bloodbath session on the Wall Street due virus resurgence. The VIX Volatility Index soared whereas risk assets fell broadly.

The US Dollar may stage a comeback against emerging market currencies amid growing signs of a recovery in USD/MXN, USD/KRW and USD/ZAR.