Crude Oil and Gold Prices Eyeing Pelosi-Mnuchin Meeting on Stimulus

Posted September 29th, 2020 by BonTrade and filed in BonTrade News

Crude oil and gold prices gained on US fiscal stimulus hopes. Ahead, the focus for WTI and XAU/USD shifts to a meeting between Nancy Pelosi and Steven Mnuchin.

View post:
Crude Oil and Gold Prices Eyeing Pelosi-Mnuchin Meeting on Stimulus

EUR/USD Rate Trades in Defined Range Despite Dovish ECB Guidance

Posted September 29th, 2020 by BonTrade and filed in BonTrade News

EUR/USD may trade within a defined range over the coming days as the European Central Bank (ECB) appears to be in no rush to alter the path for monetary policy.

Read the rest here: 
EUR/USD Rate Trades in Defined Range Despite Dovish ECB Guidance

Dow Jones Climbs on Stimulus Hopes, ASX 200 and Nikkei 225 Advance

Posted September 29th, 2020 by BonTrade and filed in BonTrade News

Dow Jones Industrial Average surged for a second day on fiscal stimulus hopes. The US Dollar fell alongside VIX volatility index. Asia-Pacific equities opened broadly higher.

More here: 
Dow Jones Climbs on Stimulus Hopes, ASX 200 and Nikkei 225 Advance

AUD/USD to Stage Larger Rebound as RSI Reverses from Oversold Zone

Posted September 29th, 2020 by BonTrade and filed in BonTrade News

AUD/USD looks poised to extend the rebound from the monthly low (0.7006) as the Relative Strength Index (RSI) appears to be reversing from oversold territory.

More here: 
AUD/USD to Stage Larger Rebound as RSI Reverses from Oversold Zone

S&P 500 Surges on Fiscal Stimulus Hopes Ahead of Presidential Debate

Posted September 28th, 2020 by BonTrade and filed in BonTrade News

The S&P 500 surged after optimism about bipartisan stimulus talks crossed the wires and revived sentiment just less than 36 hours ahead of the first presidential debate.

Originally posted here: 
S&P 500 Surges on Fiscal Stimulus Hopes Ahead of Presidential Debate

XAU/USD: Gold Price Attempts to Base as US Dollar Peels Back

Posted September 28th, 2020 by BonTrade and filed in BonTrade News

Gold prices advanced about 1% on Monday as precious metals aim to stabilize after falling sharply last week. XAU/USD likely recovered lost ground owing to a broad pullback in the US Dollar fueled b…

Read the original: 
XAU/USD: Gold Price Attempts to Base as US Dollar Peels Back

Why Did the Stock Market Rally Today? Nasdaq 100 Week Ahead

Posted September 28th, 2020 by BonTrade and filed in BonTrade News

US equities began the week with a show of force as they surged higher on the back of broad market strength. That said, the Nasdaq 100 will have to weather upcoming data if it is to continue.

See original here:
Why Did the Stock Market Rally Today? Nasdaq 100 Week Ahead

Euro Forecast: Failed Breakouts or False Breakdowns? Levels for EUR/JPY & EUR/USD

Posted September 28th, 2020 by BonTrade and filed in BonTrade News

As the DXY Index has clawed back gains in recent weeks, EUR/USD rates have slid back. Their fates remain intertwined.

Originally posted here:
Euro Forecast: Failed Breakouts or False Breakdowns? Levels for EUR/JPY & EUR/USD

Dow, Nasdaq Rally as USD Pulls Back to Start a Busy Week

Posted September 28th, 2020 by BonTrade and filed in BonTrade News

It's a big week as the door closes to Q3 and opens to Q4, and we have a busy economic calendar to work with.

View post: 
Dow, Nasdaq Rally as USD Pulls Back to Start a Busy Week

Gold, Silver Price Forecast: Will 100-Day SMA Hold or Break?

Posted September 28th, 2020 by BonTrade and filed in BonTrade News

Gold and silver prices are consolidating near their 100-Day Simple Moving Averages (SMAs) at US$ 1,870 and US$ 22.80 respectively. The US Dollar is closely eyed.

More here: 
Gold, Silver Price Forecast: Will 100-Day SMA Hold or Break?