Forex

Gold is on the verge of breaking resistance while the USD breaks down...

IG client sentiment data are warning of possible weakness in the Japanese Yen against many other currencies including the US Dollar, Australian Dollar, Euro and British Pound.

European Central Bank (ECB) President Christine Lagarde warned today that the Eurozone economy may need additional stimulus measures including cutting rates further negative.

Amid the current narrative vacuum, FX markets are struggling for direction with major pairs trading in relatively tight ranges.

GBP/USD is continuing the advance that began two weeks ago but is facing strong resistance. Brexit talks are ongoing, with the potential to shift Sterling in either direction in coming…

The S&P 500 index may struggle to extends its climb from the September low if Congress is unable to deliver a much-needed fiscal aid package ahead of the US elections.

Gold prices oscillated at a key resistance level of US$ 1,910 after President Trump was discharged from hospital. A falling USD and election uncertainty may support precious metal prices.

The Relative Strength Index (RSI) indicates a further appreciation in EUR/USD as the indicator breaks out of the downward trend carried over from late July.

The Australian Dollar spiked higher against its major counterparts ahead of the Federal Budget as the RBA retained its wait-and-see stance to monetary policy.

Crude oil prices, after surging the most since May, are eyeing OPEC’s annual World Oil Outlook report as US fiscal stimulus bets improved market sentiment.