Canadian Dollar Aiming Higher on Record GDP Print, Additional Fiscal Aid

The Canadian Dollar may continue to outperform its haven-associated counterparts, buoyed by a record expansion in economic activity and the provision of additional fiscal support.

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Gold Prices May See a Technical Rebound Amid an Overall Bearish Trend

A weaker US Dollar appears to be buoying gold prices after they broke a key chart support level last week. Prices may attempt a technical rebound as RSI reaches oversold territory.

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Australian Dollar Forecast: AUD/USD May Rise Following RBA Rate Hold

AUD/USD may gain following the RBA's December rate decision that kept the central bank's official cash rate unchanged at 0.10%. The hold was largely expected after a series of better than expected ...

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Nikkei 225, ASX 200 Attempt to Defy Gravity as S&P 500 Futures Turn Positive

Asia-Pacific stocks are attempting to recover from Monday’s losses after Wall Street futures rose. Japan’s Nikkei 225 index opened higher. Australian stocks rebounded ahead of the RBA interest rate...

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USD/JPY at Key Resistance, RBA Rate Decision May Set Market Mood

USD/JPY is approaching a key technical level while the RBA interest rate decision is on tap to set the tone for markets on December's first trading day after November's solid gains.

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Bitcoin Price Forecast: BTC/USD Tops 2017 Peak, Sets Sights Higher

Bitcoin pushed to a new all-time high on Monday as it topped the previous intraday high of $19,783 set on December 18, 2017. With a new peak established, can BTC/USD push higher?

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Losers in FX Markets After the US Presidential Election: USD & Gold

Both the DXY Index and gold prices have exhibited weakness in the wake of the US presidential election results.

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Nasdaq 100 Forecast: What Can Traders Expect in December?

The Nasdaq 100 enjoyed incredible gains in November, climbing more than 11%. As December begins, holiday and seasonal conditions might work to upset recent norms.

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British Pound Forecast: Breakout Potential Remains for EUR/GBP, GBP/JPY, GBP/USD

GBP-crosses have shrugged off any indecent news, suggesting that underlying demand remains strong.

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NZD/USD Rate Trades to Fresh 2020 High as RSI Sits in Overbought Zone

Recent developments in the Relative Strength Index (RSI) instill a bullish outlook for NZD/USD as the oscillator sits in overbought territory.

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US Dollar Price Action: USD Two-Year-Lows as EUR/USD Tests 1.2000

EUR/USD tested 1.2000 in early-September and it did not work out well. Will a recurrent attempt bring different results?

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USD/CAD Rate Approaches 2020 Low Ahead of Canada GDP Report

The update to Canada’s GDP report may keep USD/CAD under pressure as the Canadian economy is expected to avoid a technical recession.

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Markets Week Ahead: S&P 500, U.S. NFP, RBA, OPEC Meeting, Gold, UK-EU Negotiations

U.S. equity markets reached record highs as rising Covid cases fall to the back of investors' minds following several positive vaccine headlines. Meanwhile, UK-EU negotiations are approaching the d...

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USD/ZAR Analysis: Oversold RSI Opposing Rand Fundamentals

Rand fundamentals skewed toward further appreciation as year end approaches, how will this play out with contrasting technical signs?

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US Dollar Selling Persists, EUR/USD Nearing 1.20, GBP/JPY to Outperform

G10 FX to be largely dictated by month-end flows. Watch Out for USD Selling into London Fix

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British Pound (GBP) Outlook - GBPUSD Struggles Despite Ongoing US Dollar Weakness

The US dollar is trading at its lowest level since April 2018 but GBPUSD remains listless as Brexit talks continue

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IBEX 35, CAC 40 Forecast: Possible Signs of Exhaustion as Year End Approaches

European equities are a touch softer this morning as best month in history comes to an end

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DAX 30 Index May Fall as Germany Extends Nationwide Partial Lockdown

Germany’s benchmark DAX 30 index is at risk of a short-term pullback as Chancellor Angela Merkel moves to extend the nation’s ‘partial’ lockdown until December 20.

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Crude Oil Prices Retreat ahead of OPEC+ Meeting, US Blacklists CNOOC

Crude oil prices retraced from recent highs, weighed by a possible failure to agree on a delay in production hikes among OPEC+ members and the US blacklisting Chinese energy giant CNOOC.

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Nasdaq 100, Hang Seng Weekly Open: Markets Recede from Recent Highs

Asia-Pacific stocks trade broadly lower on the last trading day in November, retracing from recent highs. A vaccine-led rally appears to be overstretched, calling for profit-taking.

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Australian Dollar Dismisses Positive Chinese Data as US Blacklists SMIC, CNOOC

The Australian Dollar initially pushed higher on the back of positive Chinese PMI data before the Trump administration's move to blacklist SMIC and CNOOC propelled the trade-sensitive currency lower.

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US Dollar and Yen Down as Stocks Rise, Crude Oil Down on OPEC+

The anti-risk US Dollar and Japanese Yen fell as stocks aimed higher at the start of the global grading week. Crude oil prices fell after OPEC+ officials failed to agree on an output cut extension.

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Markets Week Ahead: S&P 500, U.S. NFP, RBA, OPEC Meeting, Gold, UK-EU Negotiations

U.S. equity markets reached record highs as rising Covid cases fall to the back of investors minds following several positive vaccine headlines. Meanwhile, UK-EU negotiations are approaching the de...

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US Dollar Forecast: USD Faces Immediate Downside Risks on Month-End Flows

A liquidity thinned week has had the USD on the backfoot with the greenback now below 92.00.

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Dow Jones, DAX 30, FTSE 100 Forecasts for the Week Ahead

Whilst bullish momentum remains in equity markets after an impressive month of November, overbought conditions are beginning to show

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Euro Forecast: More Upside for EUR/USD, Or is 1.20 the Limit?

Traders in the Euro have a big decision to make this weekend: if EUR/USD hits 1.20, will it continue to advance, consolidate or fall back?

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Gold Price Forecast: Dovish FOMC Could Underpin Bullion Ahead of NFP

Gold prices could claw back lost ground ahead of the non-farm payrolls report for November, buoyed by a dovish FOMC, falling real yields and rising inflation expectations.

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How to Manage the Emotions of Trading

Controlling emotions while trading can prove to be the difference between success and failure.

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Black Friday & the Stock Market: Economy, Consumers & Shares

From the Black Friday stock market crash to retail frenzy, what does Black Friday mean for retail?

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Stock Market Holiday Calendar 2020/21

What holiday-related events impact the stock market? Find out in our annual holiday calendar.

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Find Your Forex Entry Point: 3 Entry Strategies To Try

Deciding when to enter a trade can be complex because of the many variable inputs that move the forex market.

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Implied Volatility: What is it & Why Should Traders Care?

Implied volatility, synonymous with expected volatility, is a variable that shows the degree of movement expected for a given market or security.

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Crude Oil Price Outlook: Oil Price Volatility to Rise Amid Key OPEC Meeting

OPEC+ meeting is scheduled to take place Nov 30-Dec 1, where market consensus is for a 3-month rollover of existing oil cuts.

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USD/MXN Eyeing Key Support for Further Downside Momentum

USD/MXN looks for a sustained break below 20.00 as momentum seems oversold

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British Pound (GBP) Latest - Hitting Resistance as Brexit Talks Continue

Sterling continues to price-in a positive outcome from the ongoing EU/UK trade talks but GBP needs more than hope if it is to continue the move.

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EUR/USD at Risk as ECB Signals Recalibration of Monetary Policy Tools

EUR/USD rates could be at risk of reversing lower on the European Central Bank’s bleak economic outlook and the provision of further monetary stimulus in December.

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How China-ASEAN Relations Impact SGD, IDR, MYR, PHP

Learn about the ASEAN-China relationship and how to trade ASEAN currencies like the Singapore Dollar, Indonesian Rupiah, Philippine Peso and Malaysian Ringgit using the Core-Perimeter model.

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S&P 500 May Rise Further, Fed-Treasury Affray Brushed Aside for Now

The dispute between the Federal Reserve and the Treasury Department concerned economists and government officialslast week. Traders, however, appeared unfazed following the squabble as U.S. equity ...

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How to Trade the Impact of Politics on Global Financial Markets

In a slowing global economy, the threat of geopolitical risks destabilizing global growth are elevated and open the door to violent volatility – and trading opportunities.

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How to Manage the Emotions of Trading

Controlling emotions while trading can prove to be the difference between success and failure.

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Black Friday & the Stock Market: Economy, Consumers & Shares

From the Black Friday stock market crash to retail frenzy, what does Black Friday mean for retail?

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Bitcoin (BTC), Ripple (XRP) Stemming Heavy Losses as Volatility Returns

The cryptocurrency bull run made an abrupt U-turn overnight and printed heavy losses across the board as sellers dominated price action.

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CAD Rate Outlook: CAD/JPY, AUD/CAD Levels to Watch

CAD to play catch up with crude oil gains. CAD/JPY rangebound, AUD/CAD nearing resistance.

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USD/CAD Forecast: Loonie Strength Continues Post-Election

Canadian dollar bulls remain in control as fundamentals support a bullish bias. With Canadian GDP figures due next week, will USD/CAD continue its downward trajectory?

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ASX 200 Takes a Breather, AUD/USD Eyeing September High

The ASX 200 is currently resting on a key support as the Aussie looks set to attempt a new 2020 high

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Euro Latest: EUR/USD Well Placed to Hit 1.20 Level

This month’s trend higher in EUR/USD looks likely to persist, despite weak German consumer confidence, as the government decides to leave the country’s shops open.

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British Pound Outlook Hinges on Brexit Progress Ahead of Key Deadline

The British Pound could be at risk of a reversal lower as Brexit negotiations between the European Union and Britain fail to make any significant progress ahead of key deadline.

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Gold Price Drop May Continue as Fed Stimulus Bets Unravel

Gold prices slid to a four-month low as easing political uncertainty and Covid-19 vaccine hopes cooled Fed stimulus expansion bets. The chart setup hints at deeper losses ahead.

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S&P 500 May Rise Further, Fed-Treasury Affray Brushed Aside for Now

The dispute between the Federal Reserve and the Treasury Department concerned economists and government officialslast week. Traders, however, appeared unfazed following the squabble as U.S. equity ...

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Dow Jones Pullback May Cool a Rally in Nikkei 225, Straits Times Index

Dow Jones Industrial Average retraced below 30,000 as profit taking kicked in ahead of the Thanksgiving holiday. Moderna’s chief doctor said vaccines may not prevent the transmission of Covid-19.

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Australian Dollar to Rise as Easing Border Restrictions Buoy Sentiment

The Australian Dollar looks poised to extend its recent gains on the back of easing border restrictions and better-than-expected economic data.

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New Zealand Dollar Forecast: NZD/USD May Rise Over Thanksgiving Holiday

Wall Street trading saw a lull from the recent two-day rally that drove the Dow Jones above 30,000 for the first time as U.S. traders step away for Thanksgiving. Meanwhile, will NZD/USD overturn a ...

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USD Price Outlook: US Dollar Unfazed by Ambiguous FOMC Minutes

The US Dollar continues to struggle as downward pressure mounts and pushes the DXY Index to a new monthly low while market participants overlook unclear FOMC minutes.

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Stock Market Holiday Calendar 2020/21

What holiday-related events impact the stock market? Find out in our annual holiday calendar.

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Stock Market Holiday Calendar 2020/21

What holiday-related events impact the stock market? Find out in our annual holiday calendar.

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Gold Price Forecast: November Selloff Warns of Shift in Market Behavior

New trends appear to be taking shape ahead of 2021 as the price of gold trades at its lowest level since July, with the RSI indicator highlighting a similar dynamic.

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How to Manage the Emotions of Trading

Controlling emotions while trading can prove to be the difference between success and failure.

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AUD/USD Rate Approaches Yearly High Ahead of RBA’s Last 2020 Meeting

AUD/USD approaches the yearly high (0.7414) ahead of the RBA’s last meeting for 2020 as it breaks out of the range bound price action carried over from last week.

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US Dollar Pays Little Attention US Data, Month-End Flows to Drive the Action

A plethora of US economic data has been met with little acknowledgement as risk sentiment remains steady

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Black Friday & the Stock Market: Economy, Consumers & Shares

From the Black Friday stock market crash to retail frenzy, what does Black Friday mean for retail?

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Winners in FX Markets After US Presidential Election: CAD & MXN

Both USD/CAD and USD/MXN rates showed significant weakness in the immediate reaction to the US presidential election results.

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US Stocks Drive European Equities Higher, FTSE 250 Pressured by Gold Miners

A confluence of positive factors boosts risk-on sentiment and offers further support for equities

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Gold Price (XAUUSD) - Sharp Sell-Off Leaves Gold at Risk as Support Levels Tumble

Gold is trying to find its feet today after losing $75/oz. in the past two sessions, but the rebound looks tepid and further losses may be on the cards.

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British Pound (GBP) Latest: GBP/USD Rally Persists, UK Spending Review in Focus

GBP/USD continues its near-term challenge of the 1.34 level ahead of UK Chancellor of the Exchequer Rishi Sunak’s spending review due around 12:30 GMT.

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US Dollar Price Outlook: DXY Eyeing Yearly Lows Ahead of FOMC Minutes

The US Dollar Index (DXY) is eyeing a test of the yearly low on vaccine progress and robust economic data ahead of the release of the FOMC November meeting minutes.

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Crude Oil Prices Break Key Chart Resistance as Vaccine Rally Heats Up

Crude oil prices are propelled by vaccine breakthroughs and prospects for a swift economic recovery. WTI reached an 8-month high after breaking a key resistance. A large API inventory build may thr...

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Canadian Dollar Forecast: AUD/CAD, CAD/CHF Nearing Key Levels

An improving economic backdrop is bolstering crude oil prices and in turn, the Canadian Dollar. Still, the risk-sensitive Australian Dollar continues to move higher. However, CAD/CHF looks to be ne...

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Nasdaq 100 May Lead Hang Seng, ASX 200 Higher as Vaccine-Rally Carries On

Asia-Pacific stocks look set to follow strong US leads higher on Wednesday. Sentiment was lifted by positive vaccine news alongside a kick-off of a presidential transition in the White House.

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Australian Dollar Analysis: AUD/USD Eyes 2020 High on Optimistic Sentiment

The risk-sensitive Australian Dollar was propelled higher along with a record-breaking day on Wall Street as markets cheered an improved picture for the 2021 outlook. The Asia-Pacific session may l...

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USD Price Outlook: US Dollar Eyes Fresh Two-Year Low as VIX Falls

USD price action is trading on its back foot again as the US Dollar stumbles toward two-year lows and the VIX 'fear-gauge' approaches pre-pandemic levels.

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Losers in FX Markets After the US Presidential Election: USD & Gold

Both the DXY Index and gold prices have exhibited weakness in the wake of the US presidential election results.

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Dow Jones Charges Above 30,000, What Can Stop the Rally?

The Dow Jones eclipsed 30,000 for the first time in history as covid vaccine hopes, potential stimulus and seasonality work to push the Industrial Average higher. Can anything stop this rally?

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USD/CAD Price Outlook: Canadian Dollar Climbs with Crude Oil

The Canadian Dollar is surging and steering spot USD/CAD price action sharply lower toward a critical technical support level as crude oil jumps to an 8-month high.

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Oil Price Outlook: Break of 3Q Range Sends RSI Towards Overbought Zone

Crude oil breaks out of the range bound price action from the third quarter, with the March high ($48.66) on the radar as the RSI approaches overbought territory.

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Find Your Forex Entry Point: 3 Entry Strategies To Try

Deciding when to enter a trade can be complex because of the many variable inputs that move the forex market.

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Mexican Peso Forecast: USD/MXN Rates Break Critical Support Region - Key Levels

USD/MXN rates have broken through critical support in recent days, continuing the pair’s descent since the US elections in early-November.

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EUR/USD to Face Range Bound Prices Amid Failure to Test Monthly High

EUR/USD may trade within a defined range ahead of the Thanksgiving holiday amid the string of failed attempts to test the monthly high (1.1920).

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Bitcoin (BTC) Eyes New All-Time High, Ripple (XRP) Rally Re-Ignites

Bitcoin (BTCUSD) looks likely to print a fresh all-time high soon, while Ripple (XRP) is back in the spotlight as volatility returns

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Will a Brexit Deal Force a Decisive Breakout in EUR/GBP Rates?

A Brexit deal is expected to be reached in the coming days.

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NZD/USD Outlook: Kiwi Flying High, NZD Looking Overvalued

NZD soars after NZ Finance Minister asks RBNZ to consider house prices. NZD risk-reward favouring pullback

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USD/ZAR Forecast: Global Sentiment Overshadows SA Ratings Downgrade

The ratings downgrade has added to South Africa's economic woes but the local currency continues to strengthen. How long can this go on before fundamentals play catch up?

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DAX 30 Forecast: US Presidential Transition, Vaccine News, DAX 40

DAX 30 looks set for another attempt at breaking key resistance, but bearish pressure could be building

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EUR/USD Price Nudges Higher as German Q3 GDP Beats Forecasts, US Dollar Slips

The German economy rebounded sharply in Q3, beating expectations, but the single currency is facing technical headwinds as it attempts to push higher against the US dollar.

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British Pound (GBP) Latest: GBP/USD Heading for September High Above 1.34

GBP/USD is well placed to hit the September 1 high at 1.3483 if resistance at the 1.34 ‘round number’ can be topped amid optimism about a post-Brexit EU-UK trade deal.

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Russell 2000, Dow Jones to Rise on Vaccine Results, Biden Transition

The Dow Jones and Russell 2000 indices seem poised to extend gains, buoyed by coronavirus vaccine progress and the triggering of the US presidential transition process.

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Gold Prices Tumble on Positive Vaccine News, ETF Outflows Accelerate

Gold pricesfell to a 4-month low following encouraging coronavirus vaccine trial results from Astra-Oxford. The world’s largest gold ETF has suffered an accelerated pace of redemption in recent weeks.

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Will Trade Wars Persist After the US Election?

What will the global economy and international trade regime look like under a Trump or Biden administration and how will that impact foreign exchange markets?

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US Dollar Still Sinking, What Are Upside Factors? USD/INR Eying Indian GDP

The US Dollar lost ground to most ASEAN currencies as Emerging Market assets climbed despite US economic woes. USD/INR is eyeing third-quarter Indian GDP at the end of the week.

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Natural Gas Price Forecast: Colder Weather Stops Selloff, Will it Last?

An updated NOAA temperature outlook injected some bullishness in natural gas futures to start the week. Price action is still sharply lower for November and the path ahead likely depends on longer-...

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Nikkei 225 May Follow S&P 500 Higher on Vaccine News, Biden Transition Kickoff

Asia-Pacific stocks look set to trade higher as the General Services Office (GSA) informed president-elect Joe Biden that it is ready to begin the transition. The Astra-Oxford vaccine also boosted ...

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New Zealand Dollar Outlook: Will RBNZ See Housing Prices Added to Remit?

The New Zealand Dollar soared, and may extend gains after the government proposed adding housing prices to the RBNZ’s remit. NZD/USD is eyeing summer 2018 peaks, AUD/USD faces key support.

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Japanese Yen May Fall on GSA Joe Biden Transition, GBP/USD Eyes Resistance

The Japanese Yen may fall after S&P 500 futures rose on the GSA saying it is ready to work with Joe Biden on the transition process. GBP/USD is eyeing resistance on Brexit deal hopes.

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USD Price Outlook: US Dollar Bulls Hold Critical Support Zone

USD price action whipsawed wildly during Monday's trading session as US Dollar volatility accelerated after bulls defended a critical technical support zone with the help of solid PMI data.

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Nasdaq 100 Forecast: Tech Stock Gains Slow as Volatility Ebbs

After coronavirus vaccine news sparked a rotation away from some of the highest-flying technology stocks, a drawdown in volatility has seen the Nasdaq 100 slip into a lull ahead of the Holiday season.

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NZD/USD Rate Forecast: Textbook RSI Sell Signal Takes Shape

NZD/USD may consolidate over the coming days as the RSI appears to be falling back from overbought territory and indicates a textbook sell signal.

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Mexican Peso Outlook: USD/MXN Bears Tire Near Downtrend Support

The Mexican Peso is on the defensive early in the week as USD/MXN fails at multi-month lows. These are the levels that matter on technical charts this week.

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Gold Price Forecast: Gold Breaks Down to Fresh Four-Month-Lows

Gold prices broke down this morning, setting a fresh four month low. But, are buyers ready to relinquish the reins to sellers on a bigger picture basis?

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EUR/USD Snaps Lower, Dow Jones Rallies as US PMI Tops Forecast

The US Dollar is ripping higher and the Dow Jones is rallying in response to IHS Markit PMI data, which crushed market forecast.

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USD/CAD Rate Continues to Trade in Defined Range Ahead of FOMC Minutes

USD/CAD may continue to trade within a defined range ahead of the FOMC Minutes as market participation is likely to thin ahead of the Thanksgiving holiday in the US.

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Markets Week Ahead: Nasdaq 100, US Dollar, GBP, Brexit, Fed, Treasury, Thanksgiving

Rising Covid cases in the US and a squabble between the Treasury and Fed dented market sentiment this past week. The tech-heavy Nasdaq outperformed its index counterparts as longer-dated government...

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Dow Jones, IBEX 35 Forecast: Positive Momentum to Start the Week

Global equities start the week on a positive note as November is likely to be one of the best months in history

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British Pound (GBP) Latest - Brexit Talk and Positive Covid Vaccine News Pump Sterling Higher

Talk over the weekend suggests that the UK and EU are getting closer to a post-Brexit trade deal, while the AstraZeneca/Oxford University vaccine results look very promising.

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Euro Muted on PMIs, EUR/USD, EUR/GBP Levels to Watch

Euro sees muted reaction to mixed PMI figures. EUR/GBP drops as UK PM Johnson looks to intervene in EU-UK Trade Talks

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DAX 30 Index Consolidating Below Key Resistance Ahead of PMI Release

Germany’s DAX 30 index is consolidating constructively below resistance ahead of a slew of PMI releases and Chancellor Merkel’s Covid-19 meeting with regional premiers.

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US Dollar Still Sinking, What Are Upside Factors? USD/INR Eying Indian GDP

The US Dollar lost ground to most ASEAN currencies as Emerging Market assets climbed despite US economic woes. USD/INR is eyeing third-quarter Indian GDP at the end of the week.

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New Zealand Dollar May Rise as RBNZ Holds Fire on Negative Rates

The New Zealand Dollar looks poised to extend its push higher against its haven-associated counterparts on robust economic data and a less dovish stance from the RBNZ.

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Yen and US Dollar May Bounce as PMI Data, Fed-Speak Spook Markets

The Japanese Yen and US Dollar may rebound from early losses at the start of the trading week as worrying PMI data and Fed commentary spook the markets.

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S&P 500, Hang Seng Weekly Open: Vaccine-Led Rally May Take a Pause

US stock futures may lead Asia-Pacific markets higher after a profit-taking trading session seen on Friday. A vaccine-led rally seems to be taking a pause. Oil prices at 11-week high. Japanese mark...

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Markets Week Ahead: Nasdaq 100, US Dollar, GBP, Brexit, Fed, Treasury, Thanksgiving

Rising Covid cases in the US and a squabble between the Treasury and Fed dented market sentiment this past week. The tech-heavy Nasdaq outperformed its index counterparts as longer-dated government...

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Dow Jones, DAX 30, FTSE 100 Forecasts for the Week Ahead

After surging to fresh all-time highs earlier this month, stocks have slipped into consolidation mode as they bounce between technical levels ahead of the next major moves. Here are the levels to w...

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US Dollar May Rise as FOMC Minutes Flag Fed Policy Standstill

The US Dollar may rise as minutes from November’s FOMC meeting cement the Fed in wait-and-see mode, cooling risk appetite even as the yield outlook turns more supportive.

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Sterling (GBP) Outlook Mired by Brexit's Own Groundhog Day

The EU and UK continue their post-Brexit trade talks, stressing that a deal is within reach, but neither side is prepared to move to get a deal over the line. Again.

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Japanese Yen May Rise With Covid Lockdowns Threatening Nikkei 225 Outlook

Japanese Yen momentum may hold ahead amid rising Covid-19 cases locally and abroad, threatening the global growth outlook. USD/JPY appears to be following bond yield spreads again.

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S&P 500 Weighed by Stimulus Uncertainty Amid Virus Resurgence

The S&P 500 index may pull back further due to a lack of stimulus clarity amid rapidly climbing Covid-19 cases. IMF painted an uneven recovery outlook, with more policy action needed.

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Crude Oil Price Outlook Volatile as Covid Clashes with Vaccine Hope

Crude oil price volatility looks set to linger as outlook for the commodity closely tied to GDP growth remains clouded by near-term downside risks undermining COVID-19 vaccine optimism.

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Euro Forecast: EUR/USD Outlook Worsens After EU Recovery Fund Vetoed

With the markets focused on coronavirus vaccines, it was easy to miss news last week that Poland and Hungary have blocked the EU’s recovery fund; another potential negative for the Euro.

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US Dollar Forecast: DXY Index Stuck in Range as Fed-Treasury Fight Goes Public

Will the Fed-Treasury disagreement help or hurt the US Dollar?

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Gold Price Outlook: XAU/USD Still Primed for Higher Ground

Gold prices fell for a second consecutive week as inflation expectations eased after a U.S. political shift. A dispute between the Federal Reserve and Treasury is boosting gold prices, will momentu...

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Gold Breaks Bearish Price Pattern Amid Failure to Test September Low

The price of gold breaks out of the series of lower highs and lows from earlier this week as it stages another failed attempt to test the September low ($1849).

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Central Bank Watch: BOC, RBA, RBNZ Rate Expectations; CAD, AUD, NZD Positioning Update

All three of the commodity currency central banks – the BOC, RBA, and RBNZ – have seen dovish rate cut expectations scaled back significantly in recent weeks.

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DAX Price Outlook: Bullish Pennant May Provide Added Boost

The bullish pennant formation could lead to a bullish continuation if confirmed.

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USDMXN Outlook - Staring at a Fresh Multi-Month Low on Renewed US Dollar Weakness

USDMXN is eyeing a break below 20.00 for the first time since early-March as emerging market currencies continue to nudge higher on growing vaccine optimism.

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Canadian Dollar Forecast: USD/CAD, CAD/JPY Levels to Watch

Directionless trading for USD/CAD, maintaining narrow range. CAD/JPY retraces vaccine spike

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FTSE 100 Struggles to Consolidate Further Upside Momentum on Brexit Concerns

Another setback in Brexit negotiations puts pressure on UK assets

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US Dollar and Japanese Yen May Rise on Fed, Treasury Sniping

The anti-risk US Dollar and Japanese Yen may turn higher as sniping between the US Treasury Department and the Federal Reserve amid rising Covid cases spooks the markets.

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Gold Prices Eye Treasury-Fed Clash, Crude Oil at Risk on Covid Lockdowns

Gold prices reversed losses as yields declined over the Treasury-Fed squabble about unused stimulus funds. Crude oil may be at risk on rising Covid cases that are threatening lockdowns.

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Hang Seng, ASX 200 May Rebound with Dow Jones as Housing Data Beats

Asia-Pacific stocks look set to recover some losses on Friday following a mild tech-led rebound on Wall Street. US existing home sales reached a 15-year high, while initial jobless claims disappoin...

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Japanese Yen Outlook: USD/JPY May Fall to Support as Covid Boosts Haven Bets

Despite the continuing surge in Covid cases and a worse than expected U.S. jobless claims report, Wall Street ended the day higher. USD/JPY reversed an intraday move higher, looking to trendline su...

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How to Research Stocks: A Step by Step Guide

Do you know how to research stocks? Keep reading for insights and tools to supplement your stock investing strategy.

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S&P 500 Forecast: How Will the Addition of Tesla Impact the Index?

S&P Dow Jones Indices announced Tesla will join the S&P 500 on December 21, making it the largest single-stock addition to the index in its history. What does this mean for the S&P 500 and Tesla?

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AUD/USD Consolidation Takes Shape Following Test of Monthly High

Swings in risk appetite may sway AUD/USD over the remainder of the month as the US Dollar continues to reflect an inverse relationship with investor confidence.

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USD/CAD Outlook: Weekly Range Remains Intact Ahead of G20 Summit

USD/CAD may consolidate ahead of the virtual Group of 20 (G20) Summit on tap for November 21-22 as the exchange rate appears to be trading within a defined range.

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Implied Volatility: What is it & Why Should Traders Care?

Implied volatility, synonymous with expected volatility, is a variable that shows the degree of movement expected for a given market or security.

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US Dollar Beginning to Correct Higher, NZD/USD Upside Stretched

Renewed lockdown in NYC sees equities under pressure while USD firms

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CAC 40 Forecast: French Stocks Ready to Overcome Key Fibonacci Resistance

European equities outperform the US as they have greater room to grow from coronavirus-led drops

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XAU/USD Forecast: Inflation and Excess Liquidity to Keep Gold Supported in the Long-Term

Gold price struggles on a defensive US Dollar as vaccine optimism fades away

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Bitcoin (BTC) Outlook - Gearing Up for The Next Leg Higher?

Bitcoin (BTCUSD) looks like it has entered a period of short-term consolidation ahead of another push higher. Will bullish sentiment continue to hold sway?

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British Pound (GBP) Latest: GBP/USD Easing Ahead of EU Leaders' Summit

GBP/USD and the GBP crosses are treading water ahead of an EU leaders’ summit today that could reveal whether the EU and the UK are close to reaching a post-Brexit trade deal.

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S&P 500 at Risk as Tightening Restrictions Douse Vaccine Optimism

The S&P 500 index may slide lower despite a flurry of positive vaccine headlines as several US states move to tighten coronavirus restrictions.

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Crude Oil Prices May Rise If EU Summit Stokes Brexit Deal Hopes

Crude oil prices may rise amid a broad-based improvement in risk appetite across markets if the prospects for a Brexit deal appear to brighten after an EU leaders’ summit.

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Nikkei 225 May Lead APAC Stocks Lower, Virus Cases Overshadow Vaccine Hopes

Asia-Pacific stocks look set to follow US lower after New York City shut schools as infections surpassed a critical threshold. Pfizer’s vaccine was tested 95% effective in a final trial.

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Australian Dollar Outlook: AUD/USD May Break Support on Jobs Report

AUD/USD moves into focus as the Australian employment report is on tap to steer market sentiment into the Asia-Pacific trading session. Meanwhile, Covid-19 cases surge in the U.S., putting a cloud ...

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Canadian Dollar Technical Outlook: USD/CAD, CAD/JPY, NZD/CAD

Canadian Dollar price action has been mixed so far this week with the Loonie gaining ground against the Greenback but weakening relative to the Japanese Yen and New Zealand Dollar.

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S&P 500 Forecast: How Will the Addition of Tesla Impact the Index?

S&P Dow Jones Indices announced Tesla will join the S&P 500 on December 21, making it the largest single-stock addition to the index in its history. What does this mean for the S&P 500 and Tesla?

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NZD/USD Rate Clears 2019 High and Triggers Overbought RSI Reading

NZD/USD clears the 2019 high (0.6942) and the exchange rate may continue to appreciate as long as the Relative Strength Index (RSI) sits in overbought territory.

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Gold Prices to Watch as September Range Remains Intact

The price of gold appears to be moving to the beat of its own drum as the precious metal tracks the September range.

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Implied Volatility: What is it & Why Should Traders Care?

Implied volatility, synonymous with expected volatility, is a variable that shows the degree of movement expected for a given market or security.

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Euro Forecast: EUR/USD Rangebound, EUR/GBP Pushes Lower

Softer USD largely dictating price action, EUR/GBP pushing lower on receding no deal risks.

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CAC 40 Forecast: Ready to Overcome Key Fibonacci Resistance

European equities outperform the US as they have greater room to grow from coronavirus-led drops

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US Dollar Sell-Off Continues, USDJPY Falls Back Below 104.00

USDJPY has fallen back below 104.00 on a combination of dollar sellers and Yen buyers with the greenback eyeing a near three-year low.

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British Pound (GBP) Latest: GBP/USD Trend Higher May Persist After UK Inflation Data

UK inflation data came in above expectations, suggesting the recent climb in GBP/USD will continue unless the EU-UK talks on their post-Brexit relationship stall.

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USD/CAD Rates May Resume Downtrend on Positive Inflation Data

The USD/CAD exchange rate may continue to slide lower on vaccine optimism and resilient crude oil prices ahead of Canadian consumer price growth data for October.

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Gold Prices Threaten Chart Support, Singapore's Bullion Shipments Plunge

Gold pricesedged lower, threatening chart support below US$ 1,900 as Covid-19 vaccine hopes weighed on prices. Singapore registered a large fall in bullion exports in October.

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Silver Price Analysis: XAG/USD Struggles to Rise Despite Ailing US Dollar

Despite a relatively weak US Dollar lately, silver prices have come under pressure in recent weeks. The ongoing fiscal stalemate in Congress amid rising Covid cases is having a negative effect on i...

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ASX 200 Defies Gravity as Dow Jones Falls, Thailand Rate Decision in Focus

All three major US indices retraced from their recent highs as a vaccine-led rally faded. Asia-Pacific markets opened in mixed tone, with the Bank of Thailand interest rate decision among the top e...

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Japanese Yen Outlook: AUD/JPY, NZD/JPY Drop as Falling US Yields Lift Yen

The Australian and New Zealand Dollars fell against the Japanese Yen as traders took a step back from positive vaccine headlines. A drop lower in U.S. Treasury yields may help explain recent Yen st...

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Implied Volatility: What is it & Why Should Traders Care?

Implied volatility, synonymous with expected volatility, is a variable that shows the degree of movement expected for a given market or security.

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Gold Price Forecast: XAU/USD Consolidation Continues as Range Holds

Recent gold price action has seen the precious metal fluctuate between two technical barriers and with few fundamental catalysts on the horizon, the pattern may continue in the days ahead.

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AUD/USD Tests Monthly High as Bullish Price Pattern Takes Shape

Recent price action points to a further appreciation in AUD/USD as the exchange rate carves a series of higher highs and lows.

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US Dollar Price Action Setups: EUR/USD, GBP/USD, AUD/USD

The US Dollar continues to grasp on to a longer-term trendline, and sellers have had ample opportunity to push for that downside breakout.

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How to Research Stocks: A Step by Step Guide

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EUR/USD Forecast: Bullish Price Pattern Brings Monthly High on Radar

EUR/USD appears to be on track to test the monthly high (1.1920) as the exchange rate extends the series of higher highs and lows from the previous week.

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USD Price Outlook: US Dollar Slides as Treasury Yields Retreat

US Dollar edges lower against key FX peers like the Euro, Sterling, and Yen as Treasury yields peel back owing to the prospect that the Federal Reserve might tweak its bond buying program.

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S&P 500 Dips on Soft US Retail Sales, Raising Likelihood of Fed QE Twist

US retail sales softer across the board, S&P 500 dips back to 3600. Fed QE twist expected in December.

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Market Sentiment Still Positive on Vaccine Hopes | Webinar

Trader confidence remains high, despite some profit-taking, on hopes that the coronavirus vaccines announced in the past 10 days will bring the pandemic under control.

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FTSE MIB Forecast: Further Growth Potential for Undervalued Stocks

Increased demand for cheap and leveraged stocks points to a continuation of capital rotation

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Gold Price Outlook - Overcome by Indecision, Range Trading to Continue

A general risk-on theme continues to cap the upside for gold and with US bond yields on the move higher, the precious metal may struggle in the short-term.

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British Pound (GBP) Latest: GBP/USD and FTSE 100 at Mercy of Brexit Headlines

Yet another crucial week lies ahead for the EU-UK negotiations on a post-Brexit trade deal and that suggests both GBP/USD and the FTSE 100 will be buffeted by headlines from the talks.

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EUR/USD, EUR/JPY May Slide Lower Ahead of Euro-Area Inflation Data

EUR/USD and EUR/JPY rates may slide lower on dovish rhetoric from several members of the European Central Bank ahead of Euro-zone inflation data for October.

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Crude Oil Prices Eye $42 on Vaccine News, OPEC+ to Rein Output Hike

Crude oil prices are riding the Covid vaccine tailwind and a potential 3-6 months delay of production hike by OPEC+. WTI looks set to hit a key resistance at US$ 42.00.

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Natural Gas Outlook: Prices Sink to Support on NOAA Weather Forecasts

Natural gas futures fell nearly 12% so far this week following a warmer-than-expected temperature forecast from the NOAA. Price action is likely vulnerable to further downside pressure.

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Copper Prices Poised to Outperform on Chinese Recovery, Vaccine News

Copper prices may continue to climb higher on the back of positive vaccine developments and China’s robust economic recovery from the February doldrums.

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Hang Seng May Gain With S&P 500 on Moderna Vaccine Breakthrough

A 94.5% effective Moderna vaccine gave stock markets another boost, with the Dow Jones and the S&P 500 indexes closing at their record highs. Asia-Pacific stocks may trade higher following a strong...

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US Dollar Hurt, Not Out: Covid, Stimulus Woes Linger. IDR, PHP Eye Rate Holds?

US Dollar weakness slowed despite Covid vaccine hopes. Rising coronavirus cases and fiscal stimulus woes remain bullish factors. Indonesian and Philippine central banks are on tap.

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Australian Dollar Forecast: AUD/USD Boosted on Vaccine Sentiment, More to Go?

Vaccine headlines from Moderna buoyed risk appetite, sending Wall Street indices higher. AUD/USD is now approaching the November 9th high, will a new one be set?

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Dow Jones Forecast: Stock Market Hits New High on Moderna Vaccine

The Dow Jones Industrial Average spiked to a fresh record high during late Monday trade as stocks rejoiced more encouraging coronavirus vaccine news, but are investors growing complacent?

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Will Trade Wars Persist After the US Election?

What will the global economy and international trade regime look like under a Trump or Biden administration and how will that impact foreign exchange markets?

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NZD/USD Rate to Eye Fresh 2020 Highs on Overbought RSI Reading

NZD/USD may trade to fresh yearly highs over the coming days as the Relative Strength Index (RSI) flirts with overbought territory.

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How to Research Stocks: A Step by Step Guide

Do you know how to research stocks? Keep reading for insights and tools to supplement your stock investing strategy.

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USD/CAD Rebound Unravels as Fed Balance Sheet Approaches Record High

USD/CAD pares the advance from the yearly low (1.2928) as the US Dollar weakens against commodity bloc currencies.

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Implied Volatility: What is it & Why Should Traders Care?

Implied volatility, synonymous with expected volatility, is a variable that shows the degree of movement expected for a given market or security.

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Markets Week Ahead: Dow Jones, Nasdaq, Crude Oil, OPEC, GBP/USD, Brexit Talks

Rotation-trade dynamics was this past week's focus as the Dow Jones outperformed the Nasdaq. Will this continue? Gold prices tumbled as crude oil gained ahead of an OPEC+ meeting. The British Pound...

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Equity Markets Rally After US Biotech Company Moderna Announces Successful Covid-19 Vaccine Trial Results

US Drug company Moderna says Covid-19 drug is nearly 95% effective, sending risk markets sharply higher.

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Australian Dollar Forecast: AUD/USD, AUD/NZD Levels to Watch

AUD likely to follow global risk sentiment despite plethora of RBA speeches

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British Pound (GBP) Latest: Post-Brexit Trade Talks Continue but No-Deal Fears Remain

The EU and UK will continue trade talks today with both sides refusing to make a move to break the deadlock. With time nearly out, a breakthrough is needed fast.

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DAX 30, IBEX 35 Forecast: Further Restrictions but Traders Remain Hopeful

European equities push higher as vaccine hopes encourage strong buyer support

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Gold Prices Testing Key Resistance as Vaccine Optimism Fades

Gold prices are poised to push higher on fading vaccine optimism and the potential adjustment of the Federal Reserve’s asset purchasing program in December.

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US Dollar Hurt, Not Out: Covid, Stimulus Woes Linger. IDR, PHP Eye Rate Holds?

US Dollar weakness slowed despite Covid vaccine hopes. Rising coronavirus cases and fiscal stimulus woes remain bullish factors. Indonesian and Philippine central banks are on tap.

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Australian Dollar Aiming Higher on Chinese Economic Data, RCEP

The Australian Dollar may continue to rise on the back of robust Chinese economic data and the signing of the Regional Comprehensive Economic Partnership (RCEP).

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US Dollar May Recover Even If Market Mood Remains Upbeat

The US Dollar has been battered amid improving risk appetite, but a supportive shift in yields may plant the seeds of recovery. Another round of haven buying may yet happen too.

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S&P 500, Nikkei 225 Weekly Open: Trade Pact and China Data in Focus

Asia Pacific stocks may trade higher on a positive US lead and the signing of the Regional Comprehensive Economic Partnership (RCEP) trade agreement. Chinese industrial production and retail sales ...

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Markets Week Ahead: Dow Jones, Nasdaq, Crude Oil, OPEC, GBP/USD, Brexit Talks

Rotation-trade dynamics was this past week's focus as the Dow Jones outperformed the Nasdaq. Will this continue? Gold prices tumbled as crude oil gained ahead of an OPEC+ meeting. The British Pound...

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Dow Jones, DAX 30, FTSE 100, S&P 500 Forecasts for the Week

Global equity markets enjoyed a remarkable jump higher last week after news of a potential coronavirus vaccine worked to lift some of the stocks that the pandemic has pressured most. Can it continue?

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Mexican Peso Fundamental Forecast: USD Claws Back Losses as a Reality Check Kicks In

After a week dominated by vaccine euphoria, USD/MXN looks for further guidance in economic data

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Euro Forecast: EUR/USD May Extend Last Week's Losses

The falls in EUR/USD early last week came as a surprise to many analysts, but an extension of those declines this week would be no shock as easier Eurozone monetary policy comes closer.

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Gold Price Forecast: XAU/USD May Remain Afloat Despite Covid Vaccine Hopes

Gold prices tumbled this past week as Covid-19 vaccine hopes sent real Treasury yields higher. But, rising coronavirus cases and US fiscal stimulus woes may keep XAU/USD afloat.

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US Dollar Forecast: Covid Cases, Retail Sales May Keep DXY, Yen and Franc Afloat

The US Dollar gained this past week. Covid-induced safe-haven bids on the Yen and Franc look to keep the DXY Index trading near its current 93 handle.

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Crude Oil Forecast: JMMC, Lockdowns, Vaccine News in Focus

Crude oil price action remains mired by conflicting fundamental drivers like renewed COVID-19 lockdown measures and positive vaccine news, but outlook could stay constructive more broadly if OPEC c...

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Australian Dollar Eyeing Yearly High Ahead of RBA Minutes, Jobs Data

The Australian Dollar is eyeing a push to fresh yearly highs on positive Covid-19 developments ahead of the RBA meeting minutes and employment data for October.

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Gold Price (XAUUSD) Forecast - Setting Up a New Trading Range

After Monday’s heavy sell-off, gold is making baby steps higher but resistance lies ahead and further gains may prove difficult.

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GBP/USD Weekly Forecast: Sterling Eyes Final Stages of Brexit Negotiations

GBP eye another showdown between the UK and EU with time running out for a UK-EU trade deal.

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Winners in FX Markets After US Presidential Election: CAD & MXN

Both USD/CAD and USD/MXN rates showed significant weakness in the immediate reaction to the US presidential election results.

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Gold Price Ebbs, S&P 500 Wavers as Consumer Sentiment Worsens

Consumer sentiment data from the University of Michigan just crossed the wires, which revealed a sharp decline, and appears to be weighing negatively on stocks as well as gold prices.

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Nasdaq 100 Outlook: Tech Stocks Consolidate Before Next Move

The Nasdaq 100 has been subjected to considerable volatility this week, surging near a new all-time high before falling back to support around the mid-line of September’s move. Where is it headed n...

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Bitcoin (BTC) Outlook - Positive Outlook But Beware of Volatility Risk

Bitcoin continues to press higher and is looking at $17,000+ with little in the way of technical resistance to prevent fresh multi-year highs being printed. Beware of volatility pockets.

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Crude Oil Prices Eye JMMC Meeting as OPEC Look to Delay Production Hike

Oil prices crude futures are on the backfoot to close out the week

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Crude Oil Prices Struggle on Covid Upswell, US Fiscal Deadlock

Crude oil prices are struggling amid an upswell in Covid-19 cases and the ongoing deadlock in US fiscal stimulus talks. Losses may be capped near-term however.

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British Pound (GBP) Latest: Brexit Deadline, Covid Surge, Whitehall Infighting

UK PM Boris Johnson is under increasing pressure ahead of the latest Brexit deadline as his chief adviser looks set to leave by Christmas

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EUR/CHF Breakout Hints at Further Gains for Germany's DAX 30 Index

The risk-gauging EUR/CHF exchange rate may be hinting at further upside for Germany’s benchmark DAX 30 index, as price breaches key long-term chart resistance.

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Indian Rupee, Nifty 50 Outlook: Stimulus Welcomed, Global Covid Cases a Threat

The Indian Rupee is at risk despite a local stimulus package pushing the Nifty 50 to record highs. Rising global Covid cases may push USD/INR higher, but technical obstacles are ahead.

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Hang Seng, ASX 200 May Fall with S&P 500 as Vaccine Optimism Cools

A “risk-off” sentiment appears to be prevailing at Asia-Pacific open, with haven assets gaining alongside a retreat in equity index futures. All eleven S&P 500 sectors ended in the red as vaccine e...

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Australian Dollar Forecast: AUD/NZD May Rise on Positive Hong Kong GDP

Wall Street ended lower on the day as rising U.S. Covid cases pinged sentiment. Still, Asian economic data may boost risk appetite and propel AUD/NZD higher despite bullish New Zealand Dollar funda...

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Dow Jones Forecast: Evening Star Candlestick Hints at Reversal Potential

The Dow Jones posted an evening star candlestick on the daily chart and has since pulled back further. Does this ominous technical pattern mean the Industrial Average is headed for further declines?

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Gold Price Outlook Hinges on Vaccine Hope Outshining Virus Fear

Gold prices plunged a whopping 5% to start the week, but the precious metal is trying to stabilize at a critical technical support level as markets determine whether vaccine hopes can dwarf virus f...

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Mexican Peso Outlook: USD/MXN Drops on Unexpected Banxico Rate Hold

The Bank of Mexico held rates unchanged at 4.25% today against expectations for a 25 basis point rate cut from economists. USD/MXN price action pivoted lower on the hawkish move

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Three Trading Types and How They Influence the Market

Exploring the three trading types of Dabbler, Hobbyist and Pro - and a trading outlet for volatile markets.

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Implied Volatility: What is it & Why Should Traders Care?

Implied volatility, synonymous with expected volatility, is a variable that shows the degree of movement expected for a given market or security.

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Will Trade Wars Persist After the US Election?

What will the global economy and international trade regime look like under a Trump or Biden administration and how will that impact foreign exchange markets?

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EUR/USD, USD/JPY Outlook: Narrative Tug of War Between COVID Vaccine and COVID Cases

FX markets in limbo with ranges holding while EUR firms on EUR/GBP buying.

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Bitcoin (BTC) Jumping to a Fresh Multi-Year High on Increased Volatility

Bitcoin continues to move higher and is set to break back above $16,000 for the first time since January 2018. This move may have further to go.

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FTSE Outlook: Vaccine Hopes Give Way to Caution, UK Politics Dampen Spirits

The key question for traders in London-listed stocks is whether their recent strength was really a rotation into value stocks or merely short-covering.

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Nasdaq 100 Index Carving Out Bull Pennant Ahead of US Inflation Data

The tech-heavy Nasdaq 100 index could be poised to break higher as prices carve out a Bull Pennant continuation pattern ahead of US inflation data for October.

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EUR/GBP and GBP/USD Unfazed by Outdated Record Q3 GDP Growth

Q3 UK Growth Sees Unsurprising Record Rise, However, Q4 Looks Set to Contract After Renewed National Lockdown

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Gold Prices Still Vulnerable, Crude Oil Focuses on Covid Over OPEC+ Output

Gold prices slightly weakened as the US Dollar gained, a bearish ‘Death Cross’ remains in play. Meanwhile, crude oil prices struggled to capitalize on OPEC+ cut extension bets, why?

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Canadian Dollar May Rise on Firming Market Sentiment, Hesitant BOC

The Canadian Dollar may continue to outperform its haven-associated counterparts amid firming market sentiment and the BoC’s hesitance to ease further.

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Mexican Peso Outlook: USD/MXN May Swing Lower on Chance Banxico Holds Rates

The Bank of Mexico interest rate decision is on tap later today. Economists largely expect a 25 basis point cut, but several no-cut forecasts exist which could open the opportunity for a volatile r...

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S&P 500 Lifted by Tech Gains, ASX 200 Eyes Key Chart Resistance

The technology sector regained strength on Wall Street, with the Nasdaq surging over 2% while the S&P 500 registered a smaller gain. The ASX 200 index may attempt to challenge a key resistance at 6...

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Japanese Yen: USD/JPY May fall as Election Gives Way to Rising Covid Cases

The Japanese Yen may strengthen, causing USD/JPY to follow a falling wedge as election headlines fade away. The Covid situation continues to evolve across the globe and Yen strength may prolong unt...

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Gold Price Outlook: Will a Covid Vaccine Kill the Bull Case for Gold?

Gold has been on a rollercoaster ride this week as it suffered a significant retracement Monday, only to begin recouping losses as the week progressed. But has the fundamental landscape changed?

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Nasdaq 100 Outlook: Tech Stocks Consolidate Before Next Move

The Nasdaq 100 has been subjected to considerable volatility this week, surging near a new all-time high before falling back to support around the mid-line of September’s move. Where is it headed n...

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Implied Volatility: What is it & Why Should Traders Care?

Implied volatility, synonymous with expected volatility, is a variable that shows the degree of movement expected for a given market or security.

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US Dollar Clings to Long-Term Trendline, Confluent Support Lurks Below

USD weakness has run through the Presidential Election, but a major area of long-term support has come into play. Can it arrest the declines in the US Dollar?

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USD/CAD Price Outlook: Canadian Dollar Strength Ebbs Near 1.30

The Canadian Dollar has been on a tear higher over the last two weeks, but USD/CAD selling pressure is starting to fizzle out as bulls defend the 1.30-price level in spite of crude oil climbing.

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Euro Forecast: Performance after US Elections, COVID-19 Vaccine is a Bad Omen for EUR/JPY, EUR/USD

The Euro has lagged most of its major peers over the past week, a concerning sign despite jubilance widespread throughout global financial markets.

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Crude Oil Price Gains May Be Overdone as Short-Term Risks Remain

Risk in Chasing Oil Prices Higher from Current Levels as Short Term Risks Remain

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DAX 30 Outlook - Running Into Resistance, Sentiment Remains Bullish

The German DAX 30 has added nearly 2,000 points this month and is approaching an area of reasonably strong resistance.

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British Pound (GBP) Latest: Vaccine Hopes Lift GBP/USD and FTSE 100

Hopes that the Pfizer/BioNTech coronavirus vaccine will mitigate the impact of the Covid-19 pandemic are boosting both GBP/USD and the FTSE 100, while EUR/GBP is weakening.

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EU Stoxx 50 Outlook: Rebound on Vaccine News Running Out of Steam

The EU Stoxx 50 index could slip lower in the coming days as vaccine optimism begins to fade amid a backdrop of rising Covid-19 infections and tightening restrictions.

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Crude Oil Prices Surge to 2-Month High on Vaccine Hopes, Falling Stockpiles

Crude oil prices rose to two-month highs on a much larger-than-expected decline in US inventories. WTI looks set to break a key resistance level at US$ 41.50, riding the tailwind of vaccine hopes.

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Dow Jones Propelled by Vaccine Hopes, Singapore Stocks at 5-Month High

Sectoral rotation continued to play out on Wall Street, with energy and industrial stocks outperforming technology shares. The Dow Jones closed 0.5% below its all-time high. Singapore stocks are fa...

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New Zealand Dollar: NZD/USD Edges Higher Following RBNZ Rate Decision

The Reserve Bank of New Zealand held its official cash rate at 0.25% on Wednesday, sending the New Zealand Dollar slightly higher as negative rate bets faded.

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Russell 2000 Index May Continue to Rise on Rotation Trade, AUD/NZD Eyes RBNZ

Investors in the U.S. equity market continued to rotate out of tech as the 10-year Treasury yield climbed to its highest level since March. Meanwhile, the RBNZ rate decision is on tap with the abil...

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Gold Price Outlook: Will a Covid Vaccine Kill the Bull Case for Gold?

Gold has been on a rollercoaster ride this week as it suffered a significant retracement Monday, only to begin recouping losses as the week progressed. But has the fundamental landscape changed?

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New Zealand Dollar Outlook: NZD/USD Eyes RBNZ Rate Decision Due

NZD/USD price action is perched at its strongest level since early 2019 as commodity currencies like the Kiwi piggyback off US Dollar weakness, but a dovish RBNZ might undermine recent gains.

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Dow, Russell, Nasdaq Price Forecast: Equities Bifurcate on Covid News

Excitement punctuated this week's open but a number of questions remain on the Nasdaq, Russell and Dow.

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Will Trade Wars Persist After the US Election?

What will the global economy and international trade regime look like under a Trump or Biden administration and how will that impact foreign exchange markets?

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Stock Market Sentiment Surges on Coronavirus Vaccine Hopes | Webinar

Trader confidence in value stocks continues to rise strongly on hopes the Pfizer Covid-19 vaccine trial represents a breakthrough in the fight against the coronavirus.

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Gold Price (XAUUSD) Forecast - Shackled By Bearish Engulfing Candle, US Real Yields

Gold is trying to recover from Monday’s heavy sell-off but is unable to put in a decent move higher. The technical set-up looks negative while higher US Treasury yields will also weigh.

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Japanese Yen Implosion on Vaccine Breakthrough - Watch US Yields for Direction

USD/JPY reverses on firmer risk appetite and higher US yields. Technical hurdles lie ahead.

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EUR/USD Slides Lower as Weak German Economic Sentiment Sparks New Recession Fears

The latest ZEW sentiment readings highlight a further weakness in Germany and across the Euro Area, highlighting fears that German may fall back into a recession

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British Pound (GBP) Latest: GBP/USD Stable, UK Redundancies At Record High

GBP/USD is holding its ground despite news that UK redundancies surged in Q3 while the unemployment rate jumped to its highest level for almost four years in September.

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S&P 500 Aiming Higher on Vaccine Progress Despite Gridlock Fears

The S&P 500 index may continue to rise on positive Covid-19 vaccine developments despite Senate Majority Leader Mitch McConnell’s push for a skinny fiscal aid package.

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Gold Prices Regain Strength After Falling 4.5% as Vaccine Enthusiasm Fades

Gold prices are regaining some lost ground after falling sharply on Monday. Optimism surrounding Pfizer’s vaccine breakthrough appeared to have cooled. The US Dollar edged lower.

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Hang Seng and ASX 200 Rise on Vaccine Hopes, Tech Drags Nasdaq Lower

Wall Street cheered on encouraging vaccine news, kicking off a sectoral rotation in favour of energy and financial stocks. Big tech dragged the Nasdaq 100 lower. Asia-Pacific markets opened higher.

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USD/JPY May Rise on Vaccine Hopes Despite Election Dispute, Chinese CPI Eyed

Risk-on trading looks to continue following a broad-based rally during the U.S. trading session. Covid-19 vaccine hopes may overshadow election disputes that the Trump administration is pursuing. C...

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Dow Jones Forecast: Covid Vaccine May Breathe New Life Into DJIA

A potential coronavirus vaccine sent stocks and other risk assets soaring on Monday, pioneered by an unusual leader in the Dow Jones. Will a vaccine strengthen the Dow Jones further?

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Gold Price Forecast: XAU Slammed to Support on Covid Vaccine News

When good news goes wrong, at least for Gold bulls, as the yellow metal is down approximately 5% after positive developments for a Covid vaccine.

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USD/JPY Price Analysis: USDJPY Rockets Higher after Vaccine Optimism

USD/JPY experienced a large surge in price after Pfizer announced positive results relating to their Covid-19 vaccine

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Canadian Dollar Outlook: USD/CAD Swoons as Crude Oil Price Surges

USD/CAD price action plummeted to fresh yearly lows this morning as the Canadian Dollar surges with crude oil in response to encouraging coronavirus vaccine headlines.

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US Presidential Election Impact on Markets: Initial Reaction

It appears that Democrat Joe Biden will be the next president of the United States. What does this mean for financial markets?

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Markets Week Ahead: Dow Jones, Gold, US Dollar, US Election Aftermath, Where to?

The Dow Jones, S&P 500 and Nasdaq 100 soared the most since early April as Joe Biden took the lead in the US election. The US Dollar sank and gold prices rallied. Uncertainties remain however as mo...

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Weekly Crude Oil Technical Forecast: Rangebound and Down

Crude oil prices continue to chop around in a mostly sideways range.

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Coronavirus Vaccine: Pfizer says COVID Vaccine is More Than 90% Effective, S&P 500 Spikes

Risk appetite soars as Pfizer announces initial COVID vaccine results.

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FTSE 100 Rallying Into Overbought Territory, Client Sentiment is Mixed

The FTSE 100 is pushing back above 6,000 for the first time in nearly one-month as global equity markets remain firmly bid.

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British Pound Outlook: Looming Brexit Deadline May Weigh on GBP/USD

The British Pound may slide lower in the coming days on the lack of progress in Brexit negotiations ahead of the proposed deadline on November 15.

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Crude Oil Prices Walk a Tightrope on Biden Victory, Falling USD

WTI crude oil prices traded higher Monday amid favorable risk sentiment on a Biden-win election outcome and a weaker US Dollar. The outlook for demand remained a major drag to energy prices however.

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US Dollar Sank on Biden Election Lead, Capital to Flow into Emerging Markets?

The US Dollar tumbled against ASEAN currencies as Joe Biden accumulated votes against Donald Trump . Emerging market assets soared, sinking USD/SGD, USD/PHP, USD/IDR and USD/PHP.

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Australian Dollar Poised to Rise on Biden Victory, Easing Restrictions

The Australian Dollar may continue to push higher on loosening coronavirus restrictions and the prospect of easing geopolitical tensions under a Biden administration.

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S&P 500, Nikkei 225 Weekly Forecast: Stimulus and Pandemic in Focus

Asia Pacific stocks may gain on Biden’s victory, with post-election stimulus and foreign policy in focus. Nikkei 225 reaches its highest level since 1991. Risk-linked AUD, NZD and CNH strengthened.

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Dollar May Turn Higher After US Election Outcome Applies Pressure

The US Dollar has turned lower as the outcome of the US presidential election solidified but the benchmark currency may rebound as the dust settles.

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Markets Week Ahead: Dow Jones, Gold, US Dollar, US Election Aftermath, Where to?

The Dow Jones, S&P 500 and Nasdaq 100 soared the most since early April as Joe Biden took the lead in the US election. The US Dollar sank and gold prices rallied. Uncertainties remain however as mo...

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Sterling (GBP) Weekly Outlook - Brexit Deadline Nears as UK PM Johnson Comes Under the Spotlight

The UK Prime Minister Boris Johnson has had an uncomfortable week and next week is likely to continue in the same vein as Brexit and Covid-19 worries continue.

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Japanese Yen May Rise on Covid-19 Lockdowns, Trump Legal Challenges

The haven-associated Japanese Yen may move higher on the back of tightening Covid-19 restrictions and President Trump’s legal challenges in several battleground states.

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S&P 500 May Eye Higher Levels on Post-Election Stimulus Hopes

The S&P 500 index may weather through near-term volatility and aim for higher levels on post-election stimulus hopes. Pandemic risk and monetary easing may also return to the centre stage.

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Euro Forecast: EUR/USD Gains on Election, EU-US Tariffs to Derail Markets?

The Euro rose as the US Dollar sank on the US election. With Joe Biden in the lead, will the EU impose WTO-approved retaliatory tariffs on the US? All eyes are also on the ECB’s forum.

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Gold Price Fundamental Outlook Bolstered by US Dollar Weakness

Gold price action just inked its best weekly gain since late July when the precious metal was in the midst of a bullish breakout. Can gold continue propelling higher on the back of US Dollar weakness?

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Nasdaq Rally Pauses as Trump Contests Election Votes for Biden

Stocks are up massively this week with the Nasdaq surging nearly 10% in the wake of the election, but the tech-heavy equity index has started to slip on fear that Trump will contest votes for Biden.

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U.S. Presidential Election Impact on Markets: Initial Reaction

It appears that Democrat Joe Biden will be the next president of the United States. What does this mean for financial markets?

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VIX Index: US Election Uncertainty to Drive Market Volatility

The VIX Index tends to rise as the US presidential election approaches as investors hedge against potential downside risk that can arise from such a turbulent event.

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DAX 30, FTSE 100, CAC 40 Forecasts for the Week Ahead

While US stocks have led the charge higher this week, the DAX 30, FTSE 100 and CAC 40 have enjoyed rallies of their own, retaking key technical levels in the process. What’s next?

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US Dollar Selloff Unfazed by NFP Data with Focus on Election

The US Dollar bounced in response to solid nonfarm payrolls data, but the rebound looks short-lived with USD price action facing heavy selling pressure as election results point to a Biden presidency.

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USD/JPY - A Fresh Eight-Month Low Ahead of US Jobs Report as Vote Count Continues in Key States

The US dollar may be set for another bout of volatility later in the session with the release of the monthly US jobs report.

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British Pound Latest: US Dollar Driving GBP/USD Gains, EUR/GBP Upside Capped

US Dollar remans key driver behind GBP/USD gains. Bias to fading EUR/GBP rallies .

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Gold Price Outlook: Bullion Aiming Higher on Dovish FOMC, Biden Lead

Gold prices may continue to push higher on the back of the increasing likelihood of a Biden presidency, ‘Blue Wave’ hopes and a dovish Federal Reserve.

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Crude Oil Prices Sink, Gold Soars on US Vote Count as Jobs Report Nears

Crude oil prices fell as Joe Biden gained votes and Saudi Arabia announced price cuts in Asia. Anti-fiat gold prices soared before US jobs data. Is XAU/USD readying to push higher?

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Indian Rupee, Nifty 50 Forecast: USD/INR Sinks on US Election, Index Eyes Record High?

The Indian Rupee and Nifty 50 rose as markets bet on a Joe Biden election win. Will USD/INR retest September lows? Might India’s benchmark stock index push towards new all-time highs?

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Dow Jones Eyes Higher Highs on Tight Election Race, ASX 200 May Rise

US stocks climbed four days in a row as Biden appears to lead the race with narrow advantage after he took several key swing states. Asia-Pacific stocks may rise. US non-farm payrolls in focus.

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US Dollar May Rebound as Presidential Election Results Solidify

The US Dollar may rebound as markets ponder limited scope for fiscal and monetary stimulus after results of the presidential election solidify.

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Gold Price Forecast: Precious Metals Soar as US Dollar Sinks

Gold and silver price action surges to multi-week highs with precious metals advancing on the back of broad-based US Dollar weakness as volatility simmers in the wake of the election.

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Canadian Dollar Forecast: USD/CAD Falls to Big support

USD/CAD underwent a significant reversal this week, weathering both the Presidential election and a Federal Open Market Committee meeting. The pair has slipped to major support as a result.

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US Dollar, S&P 500 Overlook FOMC Rate Decision as Election Drags

The US Dollar and S&P 500 changed little in response to the latest Federal Reserve interest rate decision with the central bank leaving its monetary policy stance unchanged as widely expected.

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DAX 30, FTSE 100, CAC 40 Forecasts for the Week Ahead

While US stocks have led the charge higher this week, the DAX 30, FTSE 100 and CAC 40 have enjoyed rallies of their own, retaking key technical levels in the process. What’s next?

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Mexican Peso Outlook: USD/MXN Election Reversal to Multi-Month Low

The Mexican Peso is poised for a third weekly advance as USD/MXN breaks to fresh eight-month lows. Here are the levels that matter on technical charts post-election.

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US Presidential Election Timeline and Implications for Gold Prices

The price of gold has become more responsive to the macroeconomic landscape since President Richard Nixon took steps to end the Bretton-Woods system starting in 1971.

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VIX Index: US Election Uncertainty to Drive Market Volatility

The VIX Index tends to rise as the US presidential election approaches as investors hedge against potential downside risk that can arise from such a turbulent event.

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How Will the Election Affect the Stock Market? Dow Jones Forecast

Presidential elections are known to dominate popular culture and news media in the lead up to November, but what does an election do to the stock market?

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Japanese Yen Forecast: USD/JPY Approaches Multi-Year Significant Level

A likely Biden Presidency weighs on the greenback, pushing USD/JPY to critical level.

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Bitcoin (BTC) Powers to a Near Three-Year High, Ethereum (ETH) Lags the Move

Bitcoin continues its recent push higher and is now back at highs last seen nearly three years ago. Ethereum is also on the move but is lagging Bitcoin’s advance.

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Goldilocks Scenario for Markets After US Election: Risk Assets to Benefit

The US Election results, with Democrat Joe Biden expected to be President but the Republicans to hold on to the Senate, is a perfect combination for higher stock prices and a weaker US Dollar.

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Bank of England Ramps Up QE Program, Rates Left Unchanged, Sterling Pushes Higher

The UK central bank increased its bond-buying program by a larger than expected GBP150 billion and voted unanimously to keep the bank rate unchanged

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EUR/USD Rates to Rise as Biden Closes in On Presidency Ahead of FOMC

EUR/USD rates may move higher in the short term as a Joe Biden presidency becomes increasingly likely ahead of the FOMC monetary policy meeting.

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Gold and Crude Oil Price Outlook Hinges on Close US Election Race, Fed

Gold prices gyrated as crude oil prices rose on US election results. The race is still close and the uncertainty carries risks. Will the Fed soothe markets? Where do XAU/USD and WTI stand?

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USD May Rebound as Election Polls Narrow in Key States - What Next?

The US Dollar may catch a haven big as the spread between Biden and Trump narrow in a handful of key states which may determine the fate of this election.

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S&P 500 May Lead Nikkei 225 Higher as Biden Wins Key Swing States

US equity futures climbed as Biden took Michigan – a key swing state. Rising odds of a Democratic president boosted sentiment. The Nikkei 225 index looks set to trade higher following strong US leads.

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Stocks May Surge if Biden Claims Nevada and Arizona After Michigan Win

The S&P 500 will continue to be on edge as votes in key states like Nevada and Arizona cross headlines. What are the margins looking like?

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How to Trade the Impact of Politics on Global Financial Markets

In a slowing global economy, the threat of geopolitical risks destabilizing global growth are elevated and open the door to violent volatility – and trading opportunities.

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Dow Jones Price Outlook: Election Rally Sends DJIA to Overbought Territory

An aggressive stock rally that surrounding the election has seen the Dow Jones rally from oversold to overbought territory in mere days. With the election still undecided, where is it headed next?

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Nasdaq 100 Forecast: Tech Stocks Soar Despite Election Uncertainty

The Nasdaq 100 was more than 4% higher during Wednesday trading despite ongoing election uncertainty and a plethora of other event risk to round out the week. Does this signal another leg higher?

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USD/CAD Price Outlook: US Dollar Mired by Indecisive Election

USD/CAD price action carved out a 200-pip trading range on election night with the US Dollar oscillating violently as voting results highlight a neck-and-neck Presidential race.

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S&P 500 Index: ISM Services PMI Shows Economic Recovery Intact

US equity strength continues Wednesday morning following a healthy services PMI report from ISM, but the ongoing election will leave markets susceptible to volatility

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Will Trade Wars Persist After the US Election?

What will the global economy and international trade regime look like under a Trump or Biden administration and how will that impact foreign exchange markets?

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GBP/USD Latest: Rattled by US Election Uncertainty, Final UK PMIs Disappoint

Financial markets remain on edge as the 59thUS presidential election comes down to the wire, with the US dollar swaying back and forth.

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USD, EUR/USD, GBP/USD React to US Election Latest with All to Play For

US Election too close to call as Trump performs better than expected. Eyes on Pennsylvania, Michigan and Wisconsin.

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Market Reaction to US Elections: Risk Off, USD Up, Stocks Down, Gold Lower

Global markets reacted initially with a defensive move out of riskier assets into the safety of the US Dollar and US Treasuries after the Presidential election provided no clear winner.

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EU Stoxx 50 Index Rebound at Risk as US Presidential Race Narrows

Europe’s benchmark EU Stoxx 50 index may reverse lower as the presidential race between incumbent President Donald Trump and Democratic nominee Joe Biden narrows.

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Crude Oil Prices Rise on Falling Stockpiles, OPEC+ May Rein Output

WTI crude oil prices climbed for a third day on falling API inventory data and pro-Trump election forecasts. Russia and OPEC+ are in talks to extend output cuts by 3 months to shore up prices.

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Trump Vs. Biden on Economies and Markets

Depending upon the outcome of the November presidential election, the US economy could take very different tracks.

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S&P 500 Futures Seesaw on Presidential Election Uncertainty. Florida Update

S&P 500 futures are whipsawing as polls are indicating that the election may not be handed to Biden as easily as originally had been suggested. What are the key states telling us?

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Nasdaq, Hang Seng Drift Lower as Election Vote Unfolds, Ant IPO Suspended

US stocks registered a two-day gain as traders held their breath for the US presidential election. Ant Financial halted its IPO due to regulatory concerns, weighing on sentiment about Chinese tech ...

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US Dollar Price Action Setups as US Presidential Elections Loom Large

The US Dollar could extend losses against its major counterparts as presidential election vote counting gets underway. DXY, EUR/USD, AUD/USD, USD/CAD levels to watch.

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Gold Price Setup Ahead of US Presidential Election, Swing State Outlook

What is the outlook for gold ahead of the election, and how might it react to a Biden or Trump win? Investors are bracing for what will be an intense couple of hours.

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Dow Jones Charges Higher as US Election Day Unfolds, What Now?

The Dow Jones recorded its biggest daily gain since July as stocks charged higher ahead of the election. Unlike recent rallies, the move had broad participation and every sector was higher. What’s ...

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Gold Price Forecast: Gold Threatens Election-Night Breakout

Is this it? Are Gold prices finally going to break out again after spending most of the past four months digesting?

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USD Price Outlook: US Dollar Volatility Ramps into Election Day

USD price action is heating up with the November 2020 election day underway. The US Dollar has weakened sharply so far against major FX peers, but a volatile trading session could be in store.

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How Will Markets React to the 2020 US Presidential Election?

A second term of Trump or a first term of Biden could have significantly divergent outcomes for the U.S. economy and global financial markets.

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Sentiment Data Sending Bullish Signal for USD vs EUR Pre-Election, Bearish for SPX

IG client sentiment data, which track the positioning of retail traders, are sending out a bullish signal for the US Dollar vs the Euro but a bearish signal for the S&P 500 ahead of the US elections.

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EUR/USD Tests 1.1700 on Pre-Election US Dollar Weakness

The US dollar is weaker ahead of the US presidential election and that is helping EURUSD re-test the 1.1700 level. Client sentiment, however, remains bearish.

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US Election Playbook: What You Need to Know Ahead of the US Election

The US Election takes centre stage for market participants. Polls remain in favour of Biden, however, key battlegrounds show a tighter race.

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Trump Vs. Biden on Economies and Markets

Depending upon the outcome of the November presidential election, the US economy could take very different tracks.

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British Pound (GBP) Latest: GBP/USD Focus on Election, Brexit, Bank of England

The principal driver of GBP/USD short-term will be the results of today’s US elections but traders also need to keep one eye on the post-Brexit trade talks and this Thursday’s Bank of England meeting.

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DAX 30 Index Approaching Key Resistance As Germany Locks Down

Germany’s benchmark DAX 30 index is at risk of extended losses as local authorities hint at an extension of the nation-wide lockdown if Covid-19 cases continue to rise.

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Gold Price Coils Up Ahead of Election on Improved Sentiment, Weaker USD

Gold prices are coiling up in a tight range ahead of the US presidential election. Precious metal prices were underpinned by improved market sentiment and a weakening US Dollar.

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Will Trade Wars Persist After the US Election?

What will the global economy and international trade regime look like under a Trump or Biden administration and how will that impact foreign exchange markets?

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Silver, Copper Brace for US Election Results, Fate of Stimulus, Trade Wars

Silver and copper prices are consolidating ahead of the US election with the fate of another fiscal package and trade wars on the table. How can these react in the days ahead?

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Australian Dollar Spikes Lower as RBA Cuts Rates, Launches QE Program

The Australia Dollar spiked lower against its major counterparts after the Reserve Bank of Australia cut the official cash rate and introduced a $100 billion QE program.

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Dow Jones Climbs Before Election, Sending Heatwaves Across Asia-Pacific

The Dow Jones rose 1.6% a day before the US election, setting a positive tone for Asia-Pacific equities. Markets appeared to have anticipated a “Blue Wave” election outcome, which is perceived stoc...

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Crude Oil Prices Ripe for Rebound One Day Ahead of Presidential Election?

Crude oil prices may be ripe for a rebound as the cycle-sensitive commodity shows signs of bottoming out at key support less than 1 day before the US presidential election.

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Australian Dollar Forecast: AUD/USD Tests Support Ahead of RBA

AUD/USD probes the critical 0.7000-price level once again as the pro-risk Australian Dollar faces broader selling pressure headed into the upcoming RBA decision, but will support hold?

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Nasdaq 100 Pre-Election Outlook: What Sectors Are at Risk?

Technology stocks have been a weak spot over the last two weeks as traders shy away from some of the market’s most risky assets. Will pain continue after the election or is recent weakness a mere b...

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Canadian Dollar Price Forecast: USD/CAD, AUD/CAD, GBP/CAD

In an extremely busy week out of the US, CAD traders may want to look away from the US Dollar; and there's potential in both AUD/CAD and GBP/CAD.

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