Forecasts & Analysis

The early direction of the USD/JPY on Monday is likely to be determined by trader reaction to 109.938.

The direction of the NZD/USD early Monday is likely to be determined by trader reaction to the main 50% level at .7027.

The short-term direction of December Comex gold futures is likely to be determined by trader reaction to the retracement zone at $1757.40 to $1738.60.

Coinbase’s 2019 acquisition of Neutrino is coming back to haunt the crypto exchange.

The Silicon Valley blue chip has been an outstanding performer in the last decade, rising more than twenty-fold.

Following is a list of company earnings scheduled for release Sept 20-24, along with earnings previews for select companies. Next week’s earnings are probably not much significant for major market movements, but it is adequate to gauge investors’ sentiment.

The dollar index surged by 0.6% for the week, its biggest weekly percentage gain since mid-August.

Any pullback on EUR/USD would be viewed as a sell-on-rally scenario early week, either from H4 resistance at $1.1742 or H1 prime resistance at $1.1767-1.1776.

Following another day in the deep red, the major will need to move through the day’s pivot levels to restore confidence and avoid heavier losses.

This has been an extremely difficult week for gold losing approximately $36.