something interesting

<  BACK TO Market Analysis

Forex Week Ahead - The focus remains on COVID-19, the Fed and Congress

Focus-on_covid_Fed_Congress

US

The US economic recovery depends on three factors, namely, COVID-19, the Fed, and Congress. The battle against the coronavirus in the Sunbelt is improving, but the US is still seeing the death toll rise by over 1,000 every day. The CDC forecasts nearly 189,000 US coronavirus deaths by 5 September. A big amount of focus will fall on how successful some schools are with their in-person classes. If large parts of the country see failed openings of schools, that lead to a fresh surge of virus spread, the reopening of the economy will struggle strongly and sink risk appetite.

The Fed put has never been greater and that is why risky assets have rebounded sharply since the end of March. The upcoming Fed minutes could provide further insight on how the review of its monetary policy framework is progressing. The 28-29 July FOMC meeting provided no surprises as they reiterated that they will keep rates very low until they are confident the economy is underway and the increase of asset holdings will stay at the current pace. The minutes will likely emphasize the importance of fiscal support and given Washington DC’s current struggles; the Fed will likely be forced to do more for the economy.

The aftermath of Saturday’s meeting between the US and China will likely have a big impact with risk appetite. US and Chinese negotiators review the terms of the phase-one trade deal, with Beijing pushing to widen the agenda to include President Trump’s crackdown on businesses including TikTok and WeChat. It would make all the sense in the world for both sides to deliver a de-escalation, but that seems less likely.

US Politics

Capitol Hill failed to deliver the next round of stimulus and next week will likely be the blame game. The economy has been heavily reliant on government aid and we could quickly find out that the recovery will quickly stall now that it seems nothing will be done till September.

Former-VP Biden will officially accept the Democratic nomination at the 2020 Democratic National Convention. The four-day event will be held on 17-20 August, at the Wisconsin Center in Milwaukee, Wisconsin. All the speeches will be virtual due to concerns about the coronavirus.

EU

ECB minutes shouldn’t reveal too much of note this week, with the central bank committed to stabilizing the economy but unlikely to increase its programs just yet having only recently done so with PEPP. Reports of Euribor falling below the ECBs own official rate this week appear to suggest the system is flooded with liquidity but probably too early to consider removing any unless it becomes a common feature.

UK

The UK is in its most severe recession ever but growth in June was encouraging, at 8.7% compared with May. The Bank of England recently raised its forecasts for the year, likely reflecting such a rebound as shops reopened.

The UK added France, Netherlands, Monaco and more to the quarantine list that already contains Spain this week as the countries exceeded 20 cases per 100,000 people over the course of seven days. With Europe seeing a rising number of cases at the moment and the UK keen not to see a severe second spike of its own, others may follow.

Brexit

Talks to continue next week with the aim of finding agreement on the more contentious issues, notably fishing rights and level playing field. Both sides are keen to have an agreement by September but we’ve all seen how these things play out. A deal remains the hope of both sides, especially under the circumstances with the pandemic wreaking havoc on the global economy, but it may go down to the wire.

Turkey

Divided by financial markets that want higher interest rates and President Erdogan who wants cheaper funding costs, the Central Bank of the Republic of Turkey will likely make no changes to interest rates, but leave the door open for stealth hikes.

China

China’s Retail Sales and Industrial Production hints that it is not immune from the global slowdown. However, all eyes will be on the trade deal progress report meeting between the US and China this weekend. Its outcome will set the tone for the early part of the week in Asia.

China’s PBOC will launch a new medium-term lending facility on Monday, ostensibly to roll over the CNY 400 bio that is maturing, but it could also increase the amount and boost markets. The PBOC has actually been withdrawing liquidity over the past two months.

The PBOC is unlikely to cut its one and five-year Loan Prime Rates on Thursday. China is keeping its monetary powder dry, as it has for much of the year.

Hong Kong

Covid-19 restrictions have been tightened again in Hong Kong as it battles to contain the latest wave of Covid-19.

Another day, another set of arrests under the new security law is further eroding confidence in the SAR. How banks navigate the delicate path between China security and US sanctions will be an evolving story in Q4.

Wednesday’s unemployment data expected to remain steady at 6.20% with the SAR mired in a deep recession.

India

Covid-19 continues to wreak havoc on the domestic economy, heightening fears about growth as the stability of the banking system. The Rupee has stabilized for now thanks to a weaker US Dollar but continues to be an Asian underperformer along with the Indonesian Rupiah. India’s economic conflict with China is heightening, if anything, but it’s fallout on the domestic economy is limited at this stage. India has more pressing concerns.

Reserve Bank of India minutes released on Thursday will be interesting reading as the RBI threads the needle between monetary stimulus and supporting the currency.

Australia

The Reserve Bank of Australia was unchanged this week, but extremely dovish in its outlook. That was reinforced by statements by various RBA officials later in the week. The RBA will press the monetary policy accelerator to the floor if necessary.

Concerns continue about the drag on the economy of the Victoria state lockdown, with movement restrictions in force between other states. An escalation of the community outbreak in Sydney could rapidly unravel Australia’s recovery.

RBA minutes will reinforce that message and Friday’s Services PMI should continue to remain in recovery territory. The Australian Dollar’s advance has well and truly stalled, risking a decent correction lower this week.

Japan

Japan has a heavy data week ahead. Monday likely shows Japan’s GDP likely contracted by an enormous 27% annualised in Q2 with Industrial Production shrinking 18%. Wednesday should show a modest MoM recovery in Machinery Orders, but Friday’s PMI is expected to be flat at 45.0. Overall, the picture painted will be one still mired in a deep recession.

USD/JPY has rallied strongly recently as Japanese fund managers rotate into overseas bonds. The data will reinforce that premise and USD/JPY could well advance to near 108.00 by the week’s end.

Covid-19 cases continue to stubbornly increase in Japan, presenting yet another growth risk to a government that is determined to keep the economy open, no matter the outcome.

MARKETS

Oil

Oil prices have been consolidating over the past few months as energy demand slowly improves. The focus this week will fall on Wednesday’s OPEC+ JMMC meeting which will study compliance with the coalition’s output restraint deal and strategies going forward. Initially planned for Tuesday, the meeting was pushed back a day at the request of Russia.

The global oil market is slowly stabilizing and that will likely keep OPEC+ committed to keeping the production cuts in place for the rest of the month. The crude demand outlook is not improving fast enough to warrant the easing of output cuts.

Gold

Gold mania is ready for a break and with that prices could see a small period of consolidation between the $1900 and $2000 level. The pullback could deepen if Treasury yields continue to rise, but that seems difficult in the short-term. Gold’s strong fundamentals will likely see a broad spectrum of investors buying every major dip. The primary drivers for higher gold prices remain unprecedented stimulus will continue until next year, global growth risks, geopolitical tensions, and the fall wave of the coronavirus.

Bitcoin

Bitcoin continues to attract new investors as central bank show no end in sight for their stimulus measures. The largest cryptocurrency in the world continues to dominate, now making up just under 80% of the crypto market. Bitcoin seems like it has room to run higher but calls for a return to record highs seems premature.

KEY ECONOMIC EVENTS

Saturday 15 August

-The UK government must announce by 15 August whether casinos and other facilities in England can reopen. The move was delayed by concern about spikes in the number of coronavirus cases, which have led to local social-distancing measures and may do so again. Parliament is in recess until 1 September.

Monday 17 August

-Democratic National Convention is held in Milwaukee, Wisconsin. The speeches will be virtual, including Joe Biden’s acceptance speech. Biden’s running mate, Kamala Harris, will give her acceptance speech on 19 August, and Biden will accept the nomination on the final day of the event, 20 August.

-Bank of Canada releases its Senior Loan Officer Survey on the business lending practices of Canadian financial institutions.

-Atlanta Fed President Raphael Bostic discusses “inclusive innovation” at a virtual event hosted by the Rotary Club of Atlanta

Economic data:

  • S. empire manufacturing, net TIC flows
  • Japan GDP, industrial production
  • Singapore exports
  • Thailand GDP
  • Philippine overseas remittances
  • K. Rightmove house prices

Tuesday 18 August

-The sixth round of talks on a trade deal between the EU and the U.K. is scheduled to take place in Brussels through the rest of the week.

-Norway’s $1.2 trillion sovereign wealth fund publishes its first-half report.

Economic data:

  • S. building permits, housing starts
  • Australia central bank minutes

Wednesday 19 August

– Fed’s Minutes of the 28-29 July meeting that highlighted that the economy has picked up in recent months but still below pre-pandemic levels.

– Key OPEC+ ministers will meet online to review strategies for poor compliance, a dominant topic of recent gatherings.

– EIA crude oil inventory report

-The National Economist Club hosts a conversation with Richmond Fed President Thomas Barkin on the economic outlook.

Economic data:

  • Canada CPI
  • New Zealand PPI
  • Japan trade, core machine orders
  • Australia Westpac leading index
  • Hong Kong jobless rate
  • Philippine balance of payments
  • K. inflation rate

Thursday 20 August

-San Francisco Fed President Mary Daly discusses the new future of work at an event hosted by her bank.

-Bank of Canada Deputy Governor Lawrence Schembri gives a video webcast speech.

-The ECB publishes the account of the monetary policy meeting of the Governing Council held July 15-16.

Economic data:

  • US initial jobless claims, leading index
  • Argentina economic activity
  • China loan prime rate
  • Turkey interest rate decision
  • Philippine interest rate decision
  • Taiwan export orders
  • Hong Kong CPI
  • Norway rate decision
  • Macau visitor arrivals

Friday 21 August

Economic data:

  • S. Baker Hughes U.S. rig count, Markit manufacturing PMI, existing home sales
  • Mexico retail sales
  • Canada retail sales
  • South Korea PPI
  • Japan CPI
  • New Zealand credit card spending
  • Malaysia CPI, foreign reserves
  • Euro-area PMIs, consumer confidence
  • K. PMIs, public sector net borrowing, retail sales

Sovereign rating updates:

  • Turkey(Fitch), Switzerland (S&P), and France (Moody’s)

US

The US economic recovery depends on three factors, namely, COVID-19, the Fed, and Congress. The battle against the coronavirus in the Sunbelt is improving, but the US is still seeing the death toll rise by over 1,000 every day. The CDC forecasts nearly 189,000 US coronavirus deaths by 5 September. A big amount of focus will fall on how successful some schools are with their in-person classes. If large parts of the country see failed openings of schools, that lead to a fresh surge of virus spread, the reopening of the economy will struggle strongly and sink risk appetite.

The Fed put has never been greater and that is why risky assets have rebounded sharply since the end of March. The upcoming Fed minutes could provide further insight on how the review of its monetary policy framework is progressing. The 28-29 July FOMC meeting provided no surprises as they reiterated that they will keep rates very low until they are confident the economy is underway and the increase of asset holdings will stay at the current pace. The minutes will likely emphasize the importance of fiscal support and given Washington DC’s current struggles; the Fed will likely be forced to do more for the economy.

The aftermath of Saturday’s meeting between the US and China will likely have a big impact with risk appetite. US and Chinese negotiators review the terms of the phase-one trade deal, with Beijing pushing to widen the agenda to include President Trump’s crackdown on businesses including TikTok and WeChat. It would make all the sense in the world for both sides to deliver a de-escalation, but that seems less likely.

US Politics

Capitol Hill failed to deliver the next round of stimulus and next week will likely be the blame game. The economy has been heavily reliant on government aid and we could quickly find out that the recovery will quickly stall now that it seems nothing will be done till September.

Former-VP Biden will officially accept the Democratic nomination at the 2020 Democratic National Convention. The four-day event will be held on 17-20 August, at the Wisconsin Center in Milwaukee, Wisconsin. All the speeches will be virtual due to concerns about the coronavirus.

EU

ECB minutes shouldn’t reveal too much of note this week, with the central bank committed to stabilizing the economy but unlikely to increase its programs just yet having only recently done so with PEPP. Reports of Euribor falling below the ECBs own official rate this week appear to suggest the system is flooded with liquidity but probably too early to consider removing any unless it becomes a common feature.

UK

The UK is in its most severe recession ever but growth in June was encouraging, at 8.7% compared with May. The Bank of England recently raised its forecasts for the year, likely reflecting such a rebound as shops reopened.

The UK added France, Netherlands, Monaco and more to the quarantine list that already contains Spain this week as the countries exceeded 20 cases per 100,000 people over the course of seven days. With Europe seeing a rising number of cases at the moment and the UK keen not to see a severe second spike of its own, others may follow.

Brexit

Talks to continue next week with the aim of finding agreement on the more contentious issues, notably fishing rights and level playing field. Both sides are keen to have an agreement by September but we’ve all seen how these things play out. A deal remains the hope of both sides, especially under the circumstances with the pandemic wreaking havoc on the global economy, but it may go down to the wire.

Turkey

Divided by financial markets that want higher interest rates and President Erdogan who wants cheaper funding costs, the Central Bank of the Republic of Turkey will likely make no changes to interest rates, but leave the door open for stealth hikes.

China

China’s Retail Sales and Industrial Production hints that it is not immune from the global slowdown. However, all eyes will be on the trade deal progress report meeting between the US and China this weekend. Its outcome will set the tone for the early part of the week in Asia.

China’s PBOC will launch a new medium-term lending facility on Monday, ostensibly to roll over the CNY 400 bio that is maturing, but it could also increase the amount and boost markets. The PBOC has actually been withdrawing liquidity over the past two months.

The PBOC is unlikely to cut its one and five-year Loan Prime Rates on Thursday. China is keeping its monetary powder dry, as it has for much of the year.

Hong Kong

Covid-19 restrictions have been tightened again in Hong Kong as it battles to contain the latest wave of Covid-19.

Another day, another set of arrests under the new security law is further eroding confidence in the SAR. How banks navigate the delicate path between China security and US sanctions will be an evolving story in Q4.

Wednesday’s unemployment data expected to remain steady at 6.20% with the SAR mired in a deep recession.

India

Covid-19 continues to wreak havoc on the domestic economy, heightening fears about growth as the stability of the banking system. The Rupee has stabilized for now thanks to a weaker US Dollar but continues to be an Asian underperformer along with the Indonesian Rupiah. India’s economic conflict with China is heightening, if anything, but it’s fallout on the domestic economy is limited at this stage. India has more pressing concerns.

Reserve Bank of India minutes released on Thursday will be interesting reading as the RBI threads the needle between monetary stimulus and supporting the currency.

Australia

The Reserve Bank of Australia was unchanged this week, but extremely dovish in its outlook. That was reinforced by statements by various RBA officials later in the week. The RBA will press the monetary policy accelerator to the floor if necessary.

Concerns continue about the drag on the economy of the Victoria state lockdown, with movement restrictions in force between other states. An escalation of the community outbreak in Sydney could rapidly unravel Australia’s recovery.

RBA minutes will reinforce that message and Friday’s Services PMI should continue to remain in recovery territory. The Australian Dollar’s advance has well and truly stalled, risking a decent correction lower this week.

Japan

Japan has a heavy data week ahead. Monday likely shows Japan’s GDP likely contracted by an enormous 27% annualised in Q2 with Industrial Production shrinking 18%. Wednesday should show a modest MoM recovery in Machinery Orders, but Friday’s PMI is expected to be flat at 45.0. Overall, the picture painted will be one still mired in a deep recession.

USD/JPY has rallied strongly recently as Japanese fund managers rotate into overseas bonds. The data will reinforce that premise and USD/JPY could well advance to near 108.00 by the week’s end.

Covid-19 cases continue to stubbornly increase in Japan, presenting yet another growth risk to a government that is determined to keep the economy open, no matter the outcome.

MARKETS

Oil

Oil prices have been consolidating over the past few months as energy demand slowly improves. The focus this week will fall on Wednesday’s OPEC+ JMMC meeting which will study compliance with the coalition’s output restraint deal and strategies going forward. Initially planned for Tuesday, the meeting was pushed back a day at the request of Russia.

The global oil market is slowly stabilizing and that will likely keep OPEC+ committed to keeping the production cuts in place for the rest of the month. The crude demand outlook is not improving fast enough to warrant the easing of output cuts.

Gold

Gold mania is ready for a break and with that prices could see a small period of consolidation between the $1900 and $2000 level. The pullback could deepen if Treasury yields continue to rise, but that seems difficult in the short-term. Gold’s strong fundamentals will likely see a broad spectrum of investors buying every major dip. The primary drivers for higher gold prices remain unprecedented stimulus will continue until next year, global growth risks, geopolitical tensions, and the fall wave of the coronavirus.

Bitcoin

Bitcoin continues to attract new investors as central bank show no end in sight for their stimulus measures. The largest cryptocurrency in the world continues to dominate, now making up just under 80% of the crypto market. Bitcoin seems like it has room to run higher but calls for a return to record highs seems premature.

KEY ECONOMIC EVENTS

Saturday 15 August

-The UK government must announce by 15 August whether casinos and other facilities in England can reopen. The move was delayed by concern about spikes in the number of coronavirus cases, which have led to local social-distancing measures and may do so again. Parliament is in recess until 1 September.

Monday 17 August

-Democratic National Convention is held in Milwaukee, Wisconsin. The speeches will be virtual, including Joe Biden’s acceptance speech. Biden’s running mate, Kamala Harris, will give her acceptance speech on 19 August, and Biden will accept the nomination on the final day of the event, 20 August.

-Bank of Canada releases its Senior Loan Officer Survey on the business lending practices of Canadian financial institutions.

-Atlanta Fed President Raphael Bostic discusses “inclusive innovation” at a virtual event hosted by the Rotary Club of Atlanta

Economic data:

  • S. empire manufacturing, net TIC flows
  • Japan GDP, industrial production
  • Singapore exports
  • Thailand GDP
  • Philippine overseas remittances
  • K. Rightmove house prices

Tuesday 18 August

-The sixth round of talks on a trade deal between the EU and the U.K. is scheduled to take place in Brussels through the rest of the week.

-Norway’s $1.2 trillion sovereign wealth fund publishes its first-half report.

Economic data:

  • S. building permits, housing starts
  • Australia central bank minutes

Wednesday 19 August

– Fed’s Minutes of the 28-29 July meeting that highlighted that the economy has picked up in recent months but still below pre-pandemic levels.

– Key OPEC+ ministers will meet online to review strategies for poor compliance, a dominant topic of recent gatherings.

– EIA crude oil inventory report

-The National Economist Club hosts a conversation with Richmond Fed President Thomas Barkin on the economic outlook.

Economic data:

  • Canada CPI
  • New Zealand PPI
  • Japan trade, core machine orders
  • Australia Westpac leading index
  • Hong Kong jobless rate
  • Philippine balance of payments
  • K. inflation rate

Thursday 20 August

-San Francisco Fed President Mary Daly discusses the new future of work at an event hosted by her bank.

-Bank of Canada Deputy Governor Lawrence Schembri gives a video webcast speech.

-The ECB publishes the account of the monetary policy meeting of the Governing Council held July 15-16.

Economic data:

  • US initial jobless claims, leading index
  • Argentina economic activity
  • China loan prime rate
  • Turkey interest rate decision
  • Philippine interest rate decision
  • Taiwan export orders
  • Hong Kong CPI
  • Norway rate decision
  • Macau visitor arrivals

Friday 21 August

Economic data:

  • S. Baker Hughes U.S. rig count, Markit manufacturing PMI, existing home sales
  • Mexico retail sales
  • Canada retail sales
  • South Korea PPI
  • Japan CPI
  • New Zealand credit card spending
  • Malaysia CPI, foreign reserves
  • Euro-area PMIs, consumer confidence
  • K. PMIs, public sector net borrowing, retail sales

Sovereign rating updates:

  • Turkey(Fitch), Switzerland (S&P), and France (Moody’s)

lastest Articles

Market Analysis
Forex Week Ahead – The final stretch
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold: 50-DMA at $1924 is the level to beat for the bulls
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD: Fundamental reality disagrees with recent gains
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Foreign intervention in US elections weighs on mood, jobless claims, politics eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD Forecast: Overbought, so what? Stimulus hopes blind investors' eyes (for now)
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Markets cheer hopes of US stimulus deal, election polls in focus
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold flirts with the $1,900 level in anticipation of news on the fiscal front
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD: Bulls are in control and eye 1.1795
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Dollar retreats on fresh stimulus hopes, Brexit and coronavirus news eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead – Time running out for Trump
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD Forecast: Dead cat bounce could provide sell opportunity, euro faces three headwinds
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Dollar dominates amid stimulus and Brexit uncertainty, ahead of US retail sales
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Dollar finds its feet amid stalled stimulus talks, ahead of US data, EU Summit
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Dollar’s haven demand back in vogue amid stimulus delay, vaccine trial pause
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP/USD Price Forecast: Cautious ahead of key week
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Bitcoin Price Analysis: Three factors why BTC is going to surge
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Yuan slumps on China’s policy move, coronavirus risk downs euro amid light trading
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead – Risk events galore
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD: One more possibility around year-end for testing of 1.20 – Danske Bank
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold looks to the upside ahead of Powell’s speech
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Cautious mood and “sell the fact” after Trump's discharge, stimulus news eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead – Markets hate uncertainty
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD Forecast: Euro attacks strong resistance, why this could be a fakeout
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: High hopes for US fiscal stimulus boost sentiment, NFP hints eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Dollar rises after an ugly presidential debate, US data, end-of-month flows eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD now looks to 1.1800 and above – UOB
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
S&P 500: Three critical policy disappointments behind the correction – Morgan Stanley
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Bitcoin's mass adoption passes the point of no return
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Dollar declines on hopes for a US fiscal deal, ahead of presidential debate
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
US Elections: A decisive Democratic victory to hit the USD – Nordea
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold: Bearish pressures mounting
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Dollar bulls take a breather amid an upbeat start to a Big week
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead – Let the debates begin!
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Bitcoin Price Prediction: BTC slips into “Buy the Dip” Zone
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold: Eyes on August lows of $1863 ahead of US PMIs and round two Powell
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: US dollar’s haven demand in vogue ahead of a busy day
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold remains on track to test the August low of $1863
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD Forecast: Bears now eyeing a sustained break below 1.1700 mark
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Dollar buoyant ahead of Powell, UK PM Johnson’s COBRA meeting eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold Futures: Still room for extra gains
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD Forecast: Further consolidation looks likely ahead of Fed speakers
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: US dollar sags amid fiscal overhang, mounting coronavirus risks
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead – No ease up for Powell
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
BOE Quick Analysis: Bailey blasts sterling with specter of negative rates, why more falls are likely
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
ECB’s De Guindos: Euro exchange rate is fundamental for inflation
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Fed drives dollar higher, gold and stocks lower, BOE, jobless claims eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold aims $1980 as focus shifts to Wednesday’s FOMC
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP/USD to surge to 1.40 by September-2021 – UBS
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Upbeat Chinese data boosts mood, Boris' bill passes first hurdle, Gold shines
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead – More stimulus on the way?
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
ECB's Lane: Euro's rise dampens inflation outlook
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: King dollar holds the rein amid cautious optimism, eyes on US CPI
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD Forecast: Euro set to fall? ECB expectations may be overconfident
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Brexit in deep crisis, vaccine hopes resurface, all eyes on the ECB
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Brent Oil resumes its core bear trend
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
ECB’s Muller: A timely exit from temporary emergency measures is important
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Vaccine trial halt exacerbates risk off mood, Brexit, BOC, and US fiscal talks eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold Price Analysis: XAU/USD drops further and approaches $1,900/oz
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Bitcoin Price Update: BTC bulls ready to strike back once $11,000 is cleared
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Hard-Brexit fears pound the Pound, Dollar bid on US-Sino woes
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD risks deeper pullback as 1.20 peak looks far
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold Price Analysis: Downside appears more compelling while below $1946 – Confluence Detector
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Dollar stabilizes in the NFP aftermath, Oil tumbles amid holiday-thinned trading
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead - Trump Closing the Gap
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Nonfarm Payrolls Preview: Fed’s policy shift to introduce vital noise
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold rebounds from weekly lows, turns neutral around $1945 region
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD trims losses and regains 1.1850 post-US ISM
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Fed's Williams: Policymakers seek inflation that targets 2% over time
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Bitcoin Cash Market Update: BCH fork is inevitable as Bitcoin ABC team separates from the project
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Dollar climbs back from the abyss, ADP NFP, Fed speakers awaited
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead – Bring on the Jobs Report
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead – Jackson Hole Goes Virtual
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead - The focus remains on COVID-19, the Fed and Congress
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Gold up, dollar down amid stalled fiscal talks, vaccine hopes, ahead of jobless claims
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead- Is the economic recovery stalling?
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Dollar licking its wounds, gold gives ground, ahead of the all-important Fed decision
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead – What more can the Fed do?
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Bitcoin Market Update: BTC/USD hits a pause button before another bullish assault
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD Price Analysis: Potential correction ahead of further gains
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: China's payback weighs on markets, boosts dollar, PMIs, coronavirus figures eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP/USD: Technicals show bulls have the upper hand
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold: Correction in sight after reaching nine-year highs
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Dollar licking its wounds, gold shines, US coronavirus cases eyed after Trump's U-turn
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold jumps to fresh multi-year tops, beyond $1820 level
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: EUR/USD sells the fact, Gold looking strong, Trump's coronavirus briefs make comeback
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Bitcoin Market Update: BTC fails to live up to the status of digital gold
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
S&P 500 Futures Price Analysis: Bears retain control after rejection at falling trendline resistance
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: EU leaders can’t reach an agreement on the EU rescue fund
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead – Focus remains on Virus Spread, Fiscal Stimulus, Rebounding data, and Earnings
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD continues to look at the 1.1495 March high
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
AUD/USD to remain resilient in the near-term
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Dollar dominates ahead of EU Summit, updated look at the US consumer amid rising cases
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold probes multi-day lows around $1,790/oz
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD Price Analysis: A test of 1.1420 appears closer
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: US dollar seizes control as risk aversion returns, a busy docket ahead
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold to stay above $1800 fueled by lower real rates
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
ECB expected to keep rates unchanged
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Vaccine, earnings optimism downs the dollar; eyes on COVID-19 stats, BOE’s Bailey
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Week Ahead – Bring on Earnings Season
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Crude Oil Futures: Upside looks limited
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613