EUR/USD Breaking Down, TikTok Ban Averted. Biden Leads Trump in Polls
EUR/USD selloff may accelerate as the pair break key support. TikTok ban was averted but Sino-US tech tension lingers as the Biden-Trump spreads widens.
Weekly Fundamental Gold Price Forecast: Tailwinds Remains Strong
Gold prices may be entering a favorable period, with volatility studies pointing to increasing uncertainty in financial markets through the end of the year.
Markets Week Ahead: S&P 500, US Dollar, Yen, NZD, RBNZ, Powell Testifies
The S&P 500 has been wobbling but the haven-linked US Dollar has been struggling to catch a bid. The anti-risk Japanese Yen is shining instead. Has the Fed left investors…
S&P 500 Index May Struggle Near-Term, Trend Still Leads Higher
The S&P 500 index may struggle in the near term – drifting sideways within the bounds of its Bollinger Band – but the overall trend still looks bullish.
US Dollar Outlook Bearish on Mnuchin & Powell Testimonies, Key US Data
The US Dollar may fall if demand for haven-linked assets fall after testimonies from Powell and Mnuchin to the House. Better-than-expected data may compound the Greenback’s selling streak.
Mexican Peso Technical Forecast: Bearish Pressure Remains for USD/MXN
USD/MXN pick up further downside momentum as support levels are taken out
Crude Oil Prices Vulnerable Amid Fading Demand, Oversupply Concerns
Crude oil prices could reverse lower as the OPEC Monthly Oil Market Report (MOMR) forecasts fading global demand and oversupply concerns.
Euro Forecast: EUR/USD Outlook Turns More Bearish After Failure at 1.20
The outlook for the EUR/USD pair has worsened after its failure to move back to the high just above 1.20 touched on September 1 despite the ECB’s decision earlier this…
XAU/USD Forecast: Gold Price Aims Higher as Pressure Builds
Gold price action has lacked conviction for a breakout from its recent consolidation, but upward pressure building along the 50-day moving average has potential to send XAU/USD snapping higher.
Japanese Yen Exhibits Bullish Behavior as BoJ Braces for Negative CPI
The Japanese Yen may continue to exhibit a bullish behavior as the Bank of Japan (BoJ) appears to be in no rush to alter the path for monetary policy.