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EUR/USD Rebound Takes Shape Amid Failure to Test Monthly Low

Posted by By 15/10/2020Posted inForex
EUR/USD may continue to retrace the decline from the yearly high (1.2011) as the exchange rate appears to be reversing course ahead of the monthly low (1.1696).
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Bitcoin Outlook Buoyed by Inflation Expectations, Biden Lead

Posted by By 15/10/2020Posted inForex
Bitcoin prices may continue to track higher on the back of Democratic presidential nominee Joe Biden’s lead in the polls and rising inflation expectations.
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S&P 500 Falls With Stimulus Hopes, ASX 200 Gains as RBA Touts Easing

Posted by By 15/10/2020Posted inForex
Wall Street stocks fell a second day on stalling fiscal stimulus efforts, which overshadowed strong corporate earnings. Australia’s ASX 200 index surged after the RBA hinted at more easings.
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Australian Dollar, AUD/USD May Fall as Jobs Data Underscores Dovish RBA

Posted by By 15/10/2020Posted inForex
The Australian Dollar may extend losses after rising unemployment underscored an increasingly dovish RBA, opening the door to AUD/USD resuming August’s top on bearish technical cues.
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NZD/USD Rate Eyes 2020 High Even as RBNZ Defends Negative Rate Policy

Posted by By 15/10/2020Posted inForex
NZD/USD may continue to retrace the decline from the yearly high (0.6798) as the Relative Strength Index (RSI) breaks out of the downward trend established in September.
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Nasdaq 100 to Break Short-Term Uptrend? Biden Leading in Swing States

Posted by By 14/10/2020Posted inForex
The Nasdaq 100 is lodged between the all-time swing high at 12074 and the September uptrend – will the index breakdown or prevail? 2020 election polls show Biden leading in…
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Gold Price Outlook Pulls Back After Failed Break Out Attempt

Posted by By 14/10/2020Posted inForex
Gold looked to be in the midst of a falling wedge pattern, a technical formation that typically leads to a topside break out. After failing at resistance, gold may continue…
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AUD/USD Price Outlook: Aussie-Dollar Eyes Key Data on Deck

Posted by By 14/10/2020Posted inForex
AUD/USD price action fluctuated within a 50-pip trading range over the last two trading sessions as the Australian Dollar searches for direction against its US Dollar peer. Can high-impact data…
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Canadian Dollar Price Forecast: USD/CAD, AUD/CAD, GBP/CAD

Posted by By 14/10/2020Posted inForex
USD/CAD just set a fresh monthly low and is nearing the vaulted 1.3000 level. CAD traders may have more attractive avenues elsewhere.
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Nasdaq 100 Forecast: Tech Stock Rally Stops to Catch its Breath, What Next?

Posted by By 14/10/2020Posted inForex
After breaking above resistance late last week, the Nasdaq 100 has surged higher, moving to within a few percentage points of its all-time high. With the recent rally on pause,…
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