US election: The good, the bad, and the ugly for markets – Special Report

Posted on September 30, 2020 at 2:12 pm GMT

With almost one month to go until the presidential election, investors are increasingly focused on how the outcome will impact financial markets. The short answer is that there is no automatic rule for how the dollar and equity markets will react to a Trump or Biden win – it all depends on whether the victor will also have full control of Congress or not. This piece will examine how markets might respond to a Democratic sweep, a Republican one, a [..]


Daily Market Comment – US presidential debate rattles equity markets

Posted on September 30, 2020 at 9:13 am GMT

Stocks edge lower after debate as Trump keeps door open to contest result Otherwise, not much to move the needle in this race Focus now turns back to stimulus talks that will resume today Euro advances, but can it keep going if euro area stays in deflation? Presidential debate leaves markets wanting Uncertainty about the election outcome seems to have intensified after the first debate between Donald Trump and Joe Biden, which yielded no clear winner as both men landed [..]


Technical Analysis – AUDUSD edges sideways after nosedive; downside risks intact

Posted on September 28, 2020 at 3:22 pm GMT

AUDUSD appears to be consolidating after reaching the 0.7000 mark, following a violent downwards spiral, which extended underneath the Ichimoku cloud and the 200-period simple moving average (SMA). The flattened Ichimoku lines reflect the stall in the pair, while the falling 50- and 100-period SMAs sponsor further negative price action. The short-term oscillators mirror the recent increase in price sentiment. The MACD, some distance below zero, is improving above its red signal line, while the RSI is dipping above the [..]


Daily Market Comment – Equities storm back on fiscal hopes

Posted on September 28, 2020 at 9:21 am GMT

Risk appetite improves on hopes that US fiscal deal isn’t entirely dead Dollar climbs despite rebound in stock markets – European worries? Too early to say turbulence is over, but broader path seems bright For now, all eyes are on the Trump-Biden debate and Brexit talks Markets feel the blues in September Global markets have been thrown into turmoil in recent weeks, as a perfect storm of bad news provided a reality check for investors. America is running out of [..]


Daily Market Comment – Stimulus talks calm market nerves; dollar eases

Posted on September 25, 2020 at 9:01 am GMT

White House and Democrats restart stimulus talks, stocks come back to life But virus resurgence and slowing recovery continue to weigh on markets Dollar off highs, pound and aussie bounce back, but euro adrift Mnuchin-Pelosi talks revive fiscal stimulus hopes Fresh efforts to break the stalemate in the negotiations for a new virus relief bill in the United States have provided a much-needed boost to sentiment in a week where markets have been struggling to find anything to cheer about. [..]


Daily Market Comment – Stocks dive again as recovery in doubt; dollar stands tall

Posted on September 24, 2020 at 9:10 am GMT

Global equities follow Wall Street lower as fears of major winter wave mount Fed’s call for more fiscal stimulus falls on deaf ears Dollar trounces rivals, commodity currencies sink Stocks slump as optimism fades Rising pessimism about the prospect of a swift economic recovery from the pandemic dragged down equities on Thursday. The rout in global stock markets follows a sharp slide on Wall Street on Wednesday when the Nasdaq Composite plunged by 3% and the S&P 500 lost 2.4%. [..]


Technical Analysis – AUDUSD slumps to 2-month low; sell-off may continue

Posted on September 24, 2020 at 7:32 am GMT

AUDUSD is seeking fresh lows in the daily chart following the slump below its 20- and 50-day simple moving averages (SMAs). The pair is currently trading at the lowest price in two months, testing the bottom of the Ichimoku cloud and a former key support/resistance area. But the RSI has yet to confirm oversold conditions although it is close to touch the 30 level. The MACD’s drop within the negative zone and the bearish cross between the red Tenkan-sen and [..]


Daily Market Comment – Dollar climbs as virus gloom deepens

Posted on September 23, 2020 at 8:54 am GMT

Dollar extends gains as recovery prospects falter on virus resurgence Wall Street rebound fails to set markets alight Euro sags after poor PMIs; pound sinks on new virus curbs Rate cut expectations pummel aussie and kiwi Dollar shines as storm builds over global economy Markets were struggling to put up a positive front on Wednesday as the worsening virus outlook in Europe and the fading prospect of additional fiscal stimulus in the United States heightened recessionary fears. The stimulus-infused risk [..]


Daily Market Comment – Stocks lick wounds; pound tumbles on lockdown fears

Posted on September 22, 2020 at 9:20 am GMT

Selloff in equities eases but sentiment still subdued amid virus and political woes Dollar and yen hold firm as clouds gather over economic recovery Pound braces for new UK restrictions Aussie skids after RBA’s surprise dovish turn Just a wobble or start of a deeper correction? The market mood remained undeniably downbeat on Tuesday following yesterday’s acceleration in the selloff that’s gripped equities during the course of September. European shares took the heaviest beating as banking stocks were pummelled from [..]


Technical Analysis – AUDUSD portrays brief horizontal tone after bounce on 200-MA

Posted on September 21, 2020 at 1:07 pm GMT

AUDUSD is tackling the lower Bollinger band coupled with the 200-period simple moving average (SMA) after recently dipping below the 50- and 100-period SMAs. The price seems temporarily stalled between the boundaries of 0.7246 and 0.7344, though sustaining a broader positive structure. The rising SMAs still convey a progressing picture despite a snag in the 50-period SMA. The short-term oscillators reflect fragile negative directional momentum, mirroring the recent fading in the price. The MACD has retraced below its red trigger [..]

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