Global Market Forecast: Dow Jones, USD, Aid Package, GDP, Brexit, EUR, European Central Bank, Yen, BoJ

Global Market Forecast: Dow Jones, USD, Aid Package, GDP, Brexit, EUR, European Central Bank, Yen, BoJ

Marketplace sentiments worldwide were neutral last week as investors are on the verge regarding the fiscal stimulus discussions as the presidential election approaches. The Dow Jones, S&P500, and Nasdaq Composite started with an outsize loss, and they traded sideways the remainder of the time. This is despite the optimistic Q3 income season.

The EUR and New Zealand Dollar were some of the most successful popular currencies. This is as the haven-connected USD has underperformed. For commodity, gold price mixed trading while growth-related crude oil negates its profits earlier that week. While the European Union and the United Kingdom carried on their Brexit talks, the British Pound got a push-up, but GBPUSD gave up profits during the weekend.

It’s about to be packed next week. Elections in the States and fiscal stimulus talks stay at the center of attention. Secretary of the Treasury, Steven Mnuchin, said that House Speaker Nancy Pelosi has hard stances and that noticeable differences continue to exist. Economic Adviser to the President, Larry Kudlow, highlights that it would be challenging to do it.

In the meantime, big technology names like Facebook, Apple, and Alphabet will release their earnings. Additional rosy surprises may assist in reducing stock downside chances. All eyes are also on Q3 US GDP, expecting a record rebound immediately after recording the worst quarterly contraction. Growth data from Europe and Canada will cross the wires, too.

The GBP is also attached to the current Brexit negotiations. French President Emmanuel Macron set out the compromise framework on French fishermen, a key point in the discussion. The EUR and JPY are looking at the European Central Bank and BoJ rates. In the meantime, coronavirus cases are growing worldwide. What else are the marketplaces experiencing this week?

KEY PREDICTIONS

Euro Projection: European Central Bank Going To Set Out Next Big Move in EURUSD

The long-term EURUSD perspective will depend on the European; Central Bank’s guidance on Thursday would weaken by any sign of any following easing of monetary policy for the Eurozone, without warranty.

USD Torn Between Third Quarter Corporate Income, the States GDP Info, Cases on the Rise

The USD could swing as investors are sailing through a volatile week of gross domestic product info, increasing coronavirus diagnoses, third-quarter corporate income, and more.

Sterling Weekly Prediction: Continuing Brexit Negotiations, is the Finish Line Close?

Negotiations between the European Union and the United Kingdom have continued today and will carry on over the weekend as both sides’ negotiators fight with time constraints.

Nasdaq 100, DAX 30, Nikkei 225 Predictions Ahead of Big Tech Player Reports

The stocks will experience several data releases with market-shifting potential in the coming week in the shape of technology earnings, European gross domestic product, etc. This goes on even as the election comes near.

Gold Predictions: XAUUSD in the Hands of a Fiscal Stimulus Package

The price of gold lacks a wider direction as the metal trends sideways due to conflicting fundamental signals in big part due to shifts in real profits over financial aid discussions.

TECH PREDICTIONS:

Nasdaq 100 Could Pull Back, Aiming for Fifty-Day SMA for Support

The Nasdaq 100 index seems set to pull back in the near term with a bearish rush. The SMA line of fifty days can be used as immediate support.

Weekly Tech Predictions of Gold: Range Stays Ahead of Presidential Elections

A slightly indecisive week for gold, which has a narrow spectrum before the elections.

Tech Prediction for Mexican Pesos: Bearish Pressures Remain in Progress

In the middle of ongoing political volatility, USDMXN goes lower into critical support.

Tech analysis of GBP: GBPUSD Maintenance of a Bullish Structure

As we head to another week, Cable is located within a bullish structure stemming from September.

Australian Dollar Forecasts: AUDUSD, AUDJPY, EURAUD, GBPAUD

In the past week, the Australian dollar was underselling pressures, but it kept its ground. AUDUSD and AUDJPY saw bearish patterns. Will EURAUD, GBPAUD attempt to break higher once more?

Technical Prediction for USD: EURUSD, AUDUSD, GBPUSD

The US dollar spent the majority of October returning profit from September. Is there hope of some changes?

USD PERFORMANCE PER WEEK AGAINST CURRENCIES AND PRECIOUS METAL

Review Brokers Online provides FX news and tech analysis on the trends that influence the worldwide currency marketplaces.