Forex

EUR/USD is no longer oversold after its bounce last week and an extension of its previous decline now seems likely short term. However, the outlook longer term is more positive.

Once again, another volatile week for GBP albeit closing on a high note. Prospects of a Brexit deal are rising.

Gold prices may retreat if uncertainty around government lockdown orders, the vice-presidential debate and ongoing fiscal stimulus talks undermine global growth and inflation prospects.

The Japanese Yen’s resurgence last month may fail to carry over into October, as the haven-associated currency struggles to hold above pivotal chart support.

The Dollar – like risk assets – ended off this past week with another deep inhalation as market participants held their breath heading into October. With election, coronavirus and economic…

The Dow Jones Industrial Average may attempt a trend reversal after forming an “AB=CD” pattern. Immediate resistance can be found at 27,850 - the 50-Day SMA.

The Euro may have started the next major leg in its 12-year downtrend against the US Dollar, with scope for an extended drop back below parity in the months ahead.

Key developments coming out of Australia may influence AUD/USD as the update to the federal budget lines up with the Reserve Bank of Australia (RBA) meeting on October 6.

The gold bounce looks poised to end and turn into another leg lower soon.

Former British Prime Minister Harold Wilson once said that ‘a week is a long time in politics’ and next week could prove to be a seminal few days for the…