text: October 15, 2020 • Forex
  AUD/USD may continue to decline as traders reassess the risks of a delayed fiscal stimulus package amid a spike in Covid-19 cases. Biden continues to lead in the polls.
  The ASX 200 has been rangebound since early June, but has approached the topside of its range and threatens a bullish break out. Can bulls press higher or will resistance prevail yet again?
  While supply-side disruptions have eased, copper prices continue near multi-year highs and upcoming Chinese GDP data could give copper bulls fuel to push higher
  S&P 500 Bolstered by VIX Compression as Election Fear Fades
  By Rich Dvorak on
  S&P 500 price action has gravitated lower over recent trading sessions as stocks slide due to reduced fiscal stimulus optimism, but fading election fears might support the broader equity index.
  DAX, S&P 500 Forecast: Resurgence in COVID Cases Fuels Sell Off
  A sea of red across equity markets as resurgence in COVID cases prompt renewed lockdown measures.
  British Pound (GBP) Latest: EU Leaders' Meeting to Determine Next Move in GBP/USD, FTSE
  EU leaders start a two-day European Council meeting today, with the EU-UK relationship post-Brexit on the agenda. The outcome will likely determine the next big moves in GBP/USD and the FTSE 100.
  The US Dollar Index (DXY) could rebound on disappointing US jobless claims data as the Federal Reserve pleads for additional fiscal support.
  EURUSD analysis for 15.10.2020
  Yesterday Eurozone industrial production data supported EUR against USD and stopped the pair from further decline.
  The support rests at 1.17320 with resistance at 1.17620 which both lines are below the weekly pivot point at 1.17890. The EMA of 10 is moving with bearish bias in the ascendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving below level 50, the Stochastic is moving in middle ranges and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
  1.17300 area is holding a strong support and it seems EURUSD is not willing to break any boundaries. Most probably EURUSD is consolidating but bullish trend can be expected towards 1.17800.