logo |

News

    Home   >     Industry    >     Main body

    Markets Week Ahead: S&P 500, US Dollar, Yen, NZD, RBNZ, Powell Testifies

    Abstract:The S&P 500 has been wobbling but the haven-linked US Dollar has been struggling to catch a bid. The anti-risk Japanese Yen is shining instead. Has the Fed left investors wanting more? Ahead, NZD e...

      The S&P 500, a frequent bellwether for general risk appetite, extended losses into a third consecutive week. The tendency for economic data in the worlds largest economy to surprise higher has been shrinking since the middle of July. Catching a bid lately has been the anti-risk Japanese Yen and to a lesser extent the haven-linked US Dollar.

      Recommended by Nick Cawley

      Dont give into despair, make a game plan

      Get My Guide

      This past week, the Federal Reserve might have left investors wanting more, especially on the quantitative easing aspect. Doubts over further US fiscal stimulus may have also played a role in keeping the USD suppressed. Sentiment-linked Crude Oil prices were on the rise, bolstered by a combination of falling US crude inventories and compliance in output from OPEC+ producers.

      With that in mind, all eyes turn to testimony from Fed Chair Jerome Powell and Treasury Secretary Steven Mnuchin. They will be talking before the House Financial Services Committee on the CARES Act. Across the northern border, the Canadian Dollar will be eyeing Prime Minister Justin Trudeau. He will be offering a new agenda for a spending plan amid the economic recovery.

    Forex

      Recommended by Nick Cawley

      Learn how to become a more consistent forex trader

      Get My Guide

      Following recent strength, the New Zealand Dollar awaits this week‘s RBNZ monetary policy announcement. Informal contacts between the United Kingdom and the European Union around Brexit may drive volatility in the British Pound and Euro. Volatility risk, as shown by the VIX ’fear gauge, seems to be on the decline however. What else is in store for markets ahead?

      Discover your trading personality to help find optimal forms of analyzing financial markets

      Fundamental Forecasts:

      Euro Forecast: EUR/USD Outlook Turns More Bearish After Failure at 1.20

      The outlook for the EUR/USD pair has worsened after its failure to move back to the high just above 1.20 touched on September 1 despite the ECBs decision earlier this month not to talk down the Euro.

      Japanese Yen Exhibits Bullish Behavior as BoJ Braces for Negative CPI

      The Japanese Yen may continue to exhibit a bullish behavior as the Bank of Japan (BoJ) appears to be in no rush to alter the path for monetary policy.

      Crude Oil Prices Vulnerable Amid Fading Demand, Oversupply Concerns

      Crude oil prices could reverse lower as the OPEC Monthly Oil Market Report (MOMR) forecasts fading global demand and oversupply concerns.

      US Dollar Outlook Bearish on Mnuchin & Powell Testimonies, Key US Data

      The US Dollar may fall if demand for haven-linked assets fall after testimonies from Powell and Mnuchin to the House. Better-than-expected data may compound the Greenbacks selling streak.

      New Zealand Dollar Outlook: NZD/USD May Rise on RBNZ, Watch S&P 500

      The growth-linked New Zealand Dollar may rise on the upcoming RBNZ rate decision following rosy economic data. However, downside potential in the S&P 500 could offset NZD/USD gains

      Nasdaq 100, DAX 30 & FTSE 100 Forecasts for the Week Ahead

      Technology stocks continue to be a source of weakness for US equities, undermining risk appetite. Meanwhile, US-China tensions simmer beneath the surface creating uncertainty.

      Technical Forecasts:

      Mexican Peso Technical Forecast: Bearish Pressure Remains for USD/MXN

      USD/MXN pick up further downside momentum as support levels are taken out

      British Pound (GBP) Weekly Outlook - GBP/USD and EUR/GBP Forecasts

      Sterling remains trapped by overarching fundamentals drivers and both GBP/USD and EUR/GBP are going to have to wait until the Brexit dust settles.

      US Dollar Outlook: DXY Still Struggling to Rise From Big Support

      The Dollar has bottoming potential, but that is starting to lose weight as it fails to sustain any lift; next week could be a big one for USDs near-term outlook.

      Oil Price Outlook: Crude Recovery Vulnerable below Trend Resistance

      Oil prices saw a reprieve to the recent selling pressure but remain at risk while below downtrend resistance. Here are the levels that matter on the WTI technical chart.

      Australian Dollar Forecast: AUD/USD May be Setting Stage for Reversal

      It was a quiet week in Aussie as AUD/USD put in its second consecutive week of indecision. But taking a more granular look highlights the potential for a reversal scenario.

      S&P 500 Index May Struggle Near-Term, Trend Still Leads Higher

      The S&P 500 index may struggle in the near term – drifting sideways within the bounds of its Bollinger Band – but the overall trend still looks bullish.

      US DOLLAR WEEKLY PERFORMANCE AGAINST CURRENCIES AND GOLD

    US

    Latest News

    Singapore Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    Current Rate  :
    --
    Amount
    Singapore Dollar
    Available
    -- United States Dollar
    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click "Complaints "and "Correction" to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.