Daily Market Forecast, September 20, 2017 – EUR/USD, Gold, Crude Oil, USD/JPY, GBP/USD

Yaron Mazor
Daily Market Forecast

The U.S Federal Reserve and the upcoming German Election are certain to influence the broad markets. Global equities remain a vital barometer for investors as they gauge their risk sentiment.

EUR/USD: German Election Shadows

The Euro has continued to add value early this week. The U.S Federal Reserve and the upcoming German election are influencing the European Currency. Traders may continue to look for upside potential from the Euro against the U.S Dollar. But the question is if the European currency can sustain its gains, and not be pushed down by headwinds which have proven stiff the past month when new highs have been reached.

Gold: Global Equities as a Barometer

Gold has been pushed around early this week but has not fallen through important support near 1300.00 U.S Dollars an ounce. Global equities remain an important barometer for the precious metal, and if caution begins to emerge on the major equity Indexes Gold buyers could resume their speculative positions.

GBP/USD: Flurry Sustains Value

The Pound has put in a large flurry and remains within its higher boundaries. Even as a slight sell off occurred early this week, the Pound held onto its better values against the U.S Dollar. The Pound could continue to gain in the near term, but traders need to be patient and cautious, as reversals develop when the British currency gets tested by speculative elements.

USD/JPY:  Nikkei Index the Key

The Yen remains within its weakened range against the U.S Dollar after the strong gains made on the Nikkei Index. However, if Japanese equities begin to see profit taking after its recent surge, the Yen could find itself getting stronger against the U.S Dollar in the near term.

Crude Oil: Additional Ground to Advance

Crude Oil may continue to produce consolidated trading. The mid-term range between 47.00 and 51.00 U.S Dollars a barrel has not changed much. U.S Crude is within its upper realm but may have some additional ground to advance in the short-term.

Yaron Mazor is a senior analyst at SuperTraderTV.

SuperTraderTV Academy is a leader in investing and stock trading education. Sign up for a class today to learn proven strategies on how to trade smarter.

Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Latest Articles

See All

Expand Your Knowledge

See All
The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website.
This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved.