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Forex

Brexit Latest: Deal Optimism Stokes British Pound Rally – Levels for EUR/GBP, GBP/JPY, GBP/USD

Posted by By 14/10/2020Posted inForex
Although an October 15 deadline arrives tomorrow, both EU and UK leadership have expressed optimism that a deal will get done soon.
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Euro Dollar Technical Outlook: EUR/USD Defends Monthly Open Support

Posted by By 14/10/2020Posted inForex
Euro responded to monthly open-support today with the October opening-range now set. These are the levels that matter on the EUR/USD technical charts.
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DAX 30, CAC 40 Technical Outlook Remains Precarious

Posted by By 14/10/2020Posted inForex
The European indices still look vulnerable; the DAX has a pair of potential patterns to watch while the CAC has big levels on the bottom and top-side..
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Rand (USD/ZAR) Update: Ramaphosa to Unveil Economic Recovery Plan

Posted by By 14/10/2020Posted inForex
President Cyril Ramaphosa set to unveil SA's economic reconstruction and recovery plan and Finance Minister Mboweni requests Medium Term Budget Policy Statement deferral
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Australian Dollar Forecast: AUD/USD Struggles, Greenlight Coming for RBA Action?

Posted by By 14/10/2020Posted inForex
Australian Dollar eyes RBA Governor Lowe speech for greenlight on further easing.
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Gold Price Outlook – Struggling to Break Resistance, Sentiment Remains Negative

Posted by By 14/10/2020Posted inForex
Gold continues to respect resistance off the 50-day simple moving average, while retail traders are heavily long the precious metal.
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British Pound (GBP) Latest: GBP/USD Easing Further After Tuesday's Losses

Posted by By 14/10/2020Posted inForex
GBP/USD is extending its Tuesday losses caused largely by stalled vaccine trials and a lack of agreement on a US stimulus package that have both helped lift the safe-haven US…
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EU Stoxx 50 Index at Risk as Europe Tightens Covid-19 Restrictions

Posted by By 14/10/2020Posted inForex
Europe’s benchmark EU Stoxx 50 index is at risk of reversing lower as a record increase in coronavirus infections threatens to upend the Euro-zone’s economic recovery.
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Crude Oil Struggles to Hold Gains as Fiscal Talks Stall, Dollar Strengthens

Posted by By 14/10/2020Posted inForex
WTI crude oil prices erased earlier gains on Wednesday and consolidated at around US$ 40.00 amid souring market sentiment. A stalling fiscal stimulus effort and rising US Dollar weighed.
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Gold Price Consolidation Brings Monthly Low on the Radar

Posted by By 14/10/2020Posted inForex
Failure to test the monthly low ($1873) may set the stage for a larger recovery as the price for gold clears the opening range for October.
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