US Dollar Tracks Shift in Risk Sentiment Despite Powell Testimony
The US Dollar appeared to dismiss Federal Reserve Chair Jerome Powell’s recent testimony as Covid-19 ‘second wave’ concerns fuel haven inflows.
Gold, Silver Price Forecast: Key Supports Broken as US Dollar Strengthens
Gold prices broke a key support level at US$ 1,910, as a rising USD Dollar weighed on precious metal prices. Silver prices drifted lower for a third day, eyeing key…
AUD/USD Rate Eyes August Low as RBA Outlines Monetary Policy Options
AUD/USD appears to be on track to test the August low (0.7076) as the Reserve Bank of Australia (RBA) provides further details regarding the options for monetary policy.
S&P 500 and Dow Jones May Fall, Will Retail Investors Chase the Bottom?
While IG Client Sentiment is offering a mixed outlook for the S&P 500 and Dow Jones, these could be at risk to a turn lower based on multiple bearish technical…
Copper Price Outlook Remains Bullish Despite Shift in Risk Appetite
Copper prices may continue to push higher despite a worrying surge in Covid-19 cases and the lack of progress in Congressional stimulus negotiations.
New Zealand Dollar Gains on RBNZ, But NZD/USD May Follow S&P 500 Lower
While the New Zealand Dollar rose on the RBNZ rate decision, NZD/USD remains at the mercy of risk trends given recent volatility in the S&P 500. Kiwi’s broader decline may…
Market Outlook Ahead of the First Biden-Trump Presidential Debate
What is the outlook for financial markets ahead of the first presidential debate and how are Democratic nominee Joe Biden and President Donald Trump doing in the polls?
Dow Jones Rebounds, DAX Consolidates, Hang Seng May Form "AB=CD"
Dow Jones Industrial Average futures fluctuated in early Asia hours after rising 0.52% on Tuesday. The VIX term structure flags higher volatility on Election days.
Gold Price Trades Below 50-Day SMA for First Time Since June
The price of gold appears to be broadly tracking the change in global equity prices, and a further shift in risk sentiment may spur a test of the August low…
Nasdaq 100 Recovering? Biden-Trump Election Betting Spread Widens
The Nasdaq index may be at the beginning of a recovery as the Biden-Trump 2020 election betting averages widen to their broadest spread since mid-August.