Weekly forex data: elections and covid-19 cases in focus
The spike in covid cases around the world over the weekend has led to nervousness in many markets. This week’s focus is also the runup to the American elections.
USD
Technical analysis of XAUUSD
Gold has continued to move up this week as new measures are considered against covid-19’s economic effects around the world. Check out important areas on XAUUSD H4 here.
Weekly dollar roundup: AUDUSD and USDCAD
Various negative fundamentals continue to be active for the dollar, driving USD down in most of its pairs this week. This post covers special requests for AUDUSD and USDCAD.
Technical analysis of XAUUSD
Despite the current return to ‘risk on’, gold has made gains so far this week in the environment of record loose monetary policy. This TA looks at XAUUSD H4 plus futures.
Weekly forex data: trade and the RBA in focus
Good data on retail sales this morning from the eurozone gave the euro and most European shares a boost. Markets look ahead to trade data around the world this week.
Weekly forex data: GDP and the NFP
Very strong Chinese industrial profits as announced this morning have given stock markets a boost today. Traders are looking ahead this week to British and American GDP plus of course Friday’s NFP.
Weekly forex data: the Fed and BoE in the spotlight
This week’s most important regular release is claimant count change tomorrow morning, but eyes are also on the meetings of the FOMC and BoE on Wednesday and Thursday.
Technical analysis of XAUUSD
Gold has held around the lower end of its recent range so far this week as risk appetite has improved even though the dollar remains week. This TA looks at XAUUSD H4.
Weekly forex data: focus on the ECB and BoC
Pairs with the euro and Canadian dollar are in view this week ahead of the BoC and ECB’s meeting on Wednesday and Thursday respectively. Oil has also made losses in early trading today.
Weekly forex data: the RBA’s meeting and the NFP
The dollar has declined in the aftermath of Jackson Hole and gold returned to strength. This week’s key events include the RBA’s meeting and of course the NFP on Friday.