USD Index Outlook: Dollar Edges Higher on Fresh Risk Aversion over Brexit Fears, US Stimulus Delay
The dollar regained traction on Friday as rising Brexit worries and signs of further delays of new US fiscal stimulus soured sentiment and prompted traders into safety. The greenback remains in a downtrend since March and hit the lowest since...
NZDUSD’s Bullish Bias Durable Despite Consolidation
NZDUSD is retreating from its freshly plotted 31½-month high of 0.7113 in the four-hour chart, as positive drive seems to have taken the back seat, something also reflected in the directionless Ichimoku lines. That said the solid bullish bearing of...
GBPAUD Extends Downtrend to Fresh 2-Year Lows
GBPAUD is looking for a close near a fresh two-year low of 1.7424 and below the 1.7540 base, which triggered September’s upward correction and stretched July’s appreciation to a four-month high of 2.0845, after Thursday’s steep decline. The Stochastics and...
XAU/USD Might Decline
Since Thursday, the XAU/USD exchange rate has been trading sideways in the 1,830/1,850.00 range. Given that yellow metal is pressured by the 55-, 100– and 200-hour SMAs in the 1,836.00/1,850.00 range, it is likely that some downside potential could prevail...
GBP/USD Trades Below 1.3250
During Friday morning hours, the GBP/USD exchange rate tumbled below 1.3250. It is likely that the currency pair could gain support from the weekly S2 at 1.3174 and reverse north in the nearest future. Note that the pair could face...
EUR/USD Remains Below 1.2160
Since Thursday, the EUR/USD currency pair has been testing the psychological level at 1.2160. It is likely that the exchange rate could gain support from the 55-, 100– and 200-hour SMAs in the 1.2110 area. Thus, some upside potential could...
US 30 Index Falls Slightly, Broader Outlook Is Positive
The US 30 stock index (Cash) is edging south from its freshly logged all-time-high of 30,313.56. Positive sentiment seems to be taking a breather as the momentum indicators are losing some momentum. The MACD, in the positive region, is holding...
EUR/USD Bulls Are Waiting For Retracement
The EUR/USD is bullish. The price is in retracement, so if the market drops to the POC zone we will possibly see a bounce. 1.2070-80 is the zone where bouce is expected. We can also see historical buyers at the...
EUR/USD: ECB Day
The European Central Bank has kept its key rates unchanged and has decided to boost PEPP (Pandemic Emergency Purchase Programme) by 500 billion euros to at least March 2022. Yesterday, U.K. Prime Minister Boris Johnson and EU President Ursula von...
XAU/USD Dropped Below 1,845.00
The XAU/USD exchange rate has tumbled to the support provided by the 200-hour SMA near 1,830.00. If the predetermined support holds, it is likely that yellow metal could appreciate against the US Dollar within the following trading session. Meanwhile, note...
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