Saturday, September 19, 2020
Japanese Yen Price Analysis & NewsUSD/JPY Nearing Currency Intervention LevelsAn impressive week for the Japanese Yen having broken out of its 105-107 range on the downside. The path of least resistance remains...
GBP/USD Price, Chart and Analysis:EU/UK trade talks given hope.Localised lockdowns near as COVID-19 continues to spread.UK retail sales boosted by online sales.For all economic data and events, see the DailyFX Calendar.Sterling took...
Canadian Dollar, USD/CAD, Bank of Canada, Retail Sales – Talking Points:The ‘safe haven’ US Dollar and Japanese Yen drifted lower during Asia-Pacific trade.Wait-and-see Bank of Canada putting a floor under the Canadian...
DOW JONES, DAX 30, ASX 200 INDEX OUTLOOK:Dow Jones Industrial Average may extend its consolidation as investors wary fiscal stimulusDAX 30 index faces a strong resistance level at 13,300 – the upper...
Gold Price Talking PointsThe price of gold continues to trade within the monthly range following the Federal Reserve interest rate decision, and current market trends may keep the precious metal afloat as...
AUD/USD & ASX 200 Price Outlook:The Australian Dollar has climbed well above its pre-covid levels and could climb furtherThe ASX 200 has failed to retake its pre-covid peak and recent price action...
2020 Election, Biden-Trump Spread, EUR/USD - Talking PointsBiden-Trump spread narrowing as mega donors start heavily injecting cashPolitical volatility may start to build up heading into the presidential debateEUR/USD could be at a...
Central Bank Watch Overview:The BOC and RBA are likely to stay on hold for the foreseeable future; traders may disregard quirks in the overnight index swaps curves suggesting otherwise in the near-term,...
OIL PRICE OUTLOOK: CRUDE OIL REBOUNDS INTO RESISTANCE AMID OPEC+ REPORTOil price action responded positively to the latest OPEC+ update from top energy ministersThe commodity has advanced 10% so far this week...
Gold Price Outlook:Gold prices have been relatively stagnant the last few weeks as the commodity consolidates With little end in sight, gold may continue to benefit from looser monetary policy and low...