EURUSD

Technical Analysis – EURUSD shows bullish appetite but don’t get excited yet

Posted on October 12, 2020 at 7:21 am GMT

EURUSD opened in the green on Monday with scope to maintain Friday’s gains above the 1.1800 number and its 50-day simple moving average (SMA). The recent strength in the price is justified by the RSI which has terminated its downward stroke and advanced above its 50 neutral mark. The MACD has breached its red signal line and is set to enter the positive area, reflecting an improving bias as well. Still, in terms of the trend, the pair continues to hold a [..]

Week Ahead – Hopes of a Democratic sweep propel markets higher

Posted on October 9, 2020 at 1:20 pm GMT

It’s been a wild week for global markets, which defied the gloom after President Trump halted the negotiations for another relief package to focus instead on the rising odds of a decisive Biden victory that could bring much greater stimulus after the election. This will likely remain the dominant theme for the dollar and equities for now, with economic data being overshadowed by incoming election polls. Meanwhile, the earnings season resumes, Brexit talks continue, and it seems like the second [..]

Daily Market Comment – Stimulus talks back on but White House chaos caps stock gains

Posted on October 9, 2020 at 9:02 am GMT

Trump flip-flops on stimulus bill, reviving hopes of pre-election fiscal boost But stocks up only moderately amid caution about talks and global recovery worries Dollar drifts lower, loonie soars ahead of jobs data as oil turns bullish Trump U-turns on relief package but uncertainty about deal lingers Talks between the White House and the Democrats on a new virus relief bill have restarted after President Trump reversed his decision from just two days earlier to end them. Trump had instead [..]

Daily Market Comment – Dollar slides, stocks climb on renewed stimulus hopes

Posted on October 8, 2020 at 8:57 am GMT

Stimulus deal not dead yet but confusion about size and timing keeps risk appetite in check Wall Street closes at one-month high as investors warm up to idea of Biden win Fed minutes lift Treasury yields but dollar sold off on improved sentiment Kiwi stabilizes after plunging on fresh negative rates speculation Markets undeterred by stimulus setback, see a deal in the offing Equities got off to a positive start on Thursday following a strong performance on Wall Street yesterday [..]

Technical Analysis – EURUSD reverses up; indicators show bullish signal

Posted on October 8, 2020 at 7:18 am GMT

EURUSD has been in a positive tendency in the very short-term, climbing above the 20- and 40-period simple moving averages (SMAs) and the Ichimoku cloud. The momentum indicators are pointing to a neutral to positive bias with the RSI just above 50 and the MACD is trying to complete a bullish crossover with its trigger line in the bullish area. However, the red Tenkan-sen line is heading south, suggesting a downside reversal. Further gains should see the October 6 high [..]

Stimulus deal: Is it dead or is Trump bluffing? – Special Report

Posted on October 7, 2020 at 3:22 pm GMT

The US president threw another monkey wrench into global markets this week, when he halted the negotiations for a new stimulus package until after the election. Stocks fell while the dollar jumped, but the overall market reaction was rather small and soon turned around. This suggests either that investors believe Trump is bluffing, or that this will cost him so much politically that it increases the chances of a ‘Democratic sweep’ and hence of much greater stimulus after the election. [..]

ECB minutes may expose rift over stimulus programme – Forex News Preview

Posted on October 7, 2020 at 12:19 pm GMT

The European Central Bank will publish the minutes of its September policy meeting on Thursday at 11:30 GMT as policymakers find themselves increasingly under the spotlight for their diverging views. Differences over the deflationary impact of a stronger euro and how the pandemic asset purchases are conducted have been sending conflicting signals about where the ECB stands on these issues, casting doubt on the Bank’s ability to respond effectively should another round of stimulus be required. In the meantime, the [..]

Daily Market Comment – Trump calls off stimulus talks, sinks Wall Street; dollar up

Posted on October 7, 2020 at 9:06 am GMT

Trump halts stimulus negotiations with Democrats, sends stocks spinning lower But losses cut short as Trump calls for standalone relief bills Dollar comes off highs, eyes FOMC minutes for fresh policy clues Markets not giving up on stimulus as Trump sows confusion Risk assets bounced back on Wednesday as investors questioned President Trump’s intentions for abruptly abandoning talks with the Democrats on a new coronavirus relief bill. A few hours after Trump put an end to the negotiations – where [..]

Fed minutes: Shedding light on the next move – Forex News Preview

Posted on October 6, 2020 at 11:05 am GMT

The developments around a new stimulus package and Trump’s health will likely overshadow everything else this week, but as far as scheduled releases go, the main event will be the minutes of the latest FOMC meeting at 18:00 GMT Wednesday. This was when the Fed adopted its new inflation overshoot regime and markets will be looking for hints on whether more stimulus is in the pipeline. They are unlikely to find any, which may briefly boost the dollar. From ‘all [..]

Daily Market Comment – Dollar steadies as Trump’s health, US stimulus in focus

Posted on October 6, 2020 at 8:49 am GMT

Trump is discharged from hospital but question marks remain about his health US fiscal stimulus edging closer but no deal yet Dollar firms slightly, equities subdued as road ahead still foggy Relief as Trump returns to the White House Markets were calmer on Tuesday as the panic over President Trump’s health subsided further while negotiations for a new coronavirus relief bill continued. Asian stocks got off to a positive start, lifted by news that Trump had been discharged from the [..]

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