Gold prices and stock markets will be nervously eyeing the first 2020 US presidential debate between Joe Biden and Donald Trump amid ongoing US fiscal stimulus talks.
The Canadian Dollar has weakened alongside equity markets in September, sending CAD/JPY to test major support. With the market tip-toeing between risk appetite and aversion, where is the pair headed?
Gold prices are poised for a larger recovery after plummeting nearly 11% off the yearly highs. Here are the levels that matter on the XAU/USD technical charts.
The DAX 30 rebounded to start the week until a continuation higher was undermined by weakness in US equities. Consequently, price has stalled at nearby resistance.
Euro reversed off key support but the recovery keeps price within the monthly trend heading into NFPs. These are the levels that matter on the EUR/USD technical charts.
Trader confidence is rising in the FX market, benefiting ‘risk-on’ currency pairs like EUR/USD, GBP/USD and AUD/USD. However, there is less confidence in the stock markets.