Crude Oil 1Q 2021 Forecast: Covid to Clash with Vaccine Rollout

Crude oil prices soared these last two months largely thanks to improving global GDP growth outlook, but the commodity could face hurdles headed into 2021 as covid clashes with vaccine rollouts.

from DailyFX - Market News https://ift.tt/2KRKWpF
via IFTTT

Sterling Q1 2021 Forecast: Starting to Look a Better Prospect

The first quarter of 2021 looks set to be an intriguing, and volatile, three months for sterling-denominated assets and traders

from DailyFX - Market News https://ift.tt/2X1RnsB
via IFTTT

US Dollar 1Q 2021 Forecast: Safe Haven Status Versus Fading Growth Position

The US Dollar has put in for the worst performance of the G10 currencies through the final quarter of 2020. Facing an even deeper slide after recent critical technical breaks can relative growth or...

from DailyFX - Market News https://ift.tt/3hwpL8m
via IFTTT

As a New Retail Trader Age Rises, Heed Tales of Past Manias

In spring 2020, the temporary closures of professional sports leagues during the initial coronavirus pandemic lockdown anointed a new class of retail traders in financial markets.

from DailyFX - Market News https://ift.tt/3rJVmZa
via IFTTT

Rand Dollar Forecast: USD/ZAR Dances Sideways into the New Year

South Africa’s economic recovery appears dismal as restrictions weigh on the ZAR

from DailyFX - Market News https://ift.tt/38TsQvm
via IFTTT

FOMC Voting Changes Sees Slightly More Dovish Fed for 2021

A look at the FOMC’s response to the coronavirus crisis and the change in voting rate-setters for 2021

from DailyFX - Market News https://ift.tt/38HLOF6
via IFTTT

Bitcoin (BTC) Latest: BTC/USD at Record High, Takes Aim at 30,000

The Bitcoin price rose again in early European business Thursday, hitting a record high above $29,000 and in a good position to reach $30,000 soon.

from DailyFX - Market News https://ift.tt/3o3dcUG
via IFTTT

British Pound Aiming Higher as UK Lawmakers Approve Brexit Trade Deal

The British Pound may continue outperforming its haven-associated counterparts as UK lawmakers ratify the post-Brexit trade deal with the EU and regulators approve AstraZeneca’s Covid-19 vaccine.

from DailyFX - Market News https://ift.tt/37ZMsPe
via IFTTT

Gold Price Outlook: Falling Real Yields, USD Weakness to Buoy XAU/USD

Gold prices may continue to push higher in the coming weeks on the back of falling real yields, rising inflation expectations and the possibility of additional fiscal support in 2021.

from DailyFX - Market News https://ift.tt/2MlSBNr
via IFTTT

New Zealand Dollar Outlook: NZD/USD Bulls Push Kiwi to Fresh Multi-Year Highs

The New Zealand Dollar gained versus the Greenback on Wednesday as the US Dollar slid lower. Meanwhile, upcoming Chinese PMI data may drive sentiment after Wall Street pushed higher in thin, low vo...

from DailyFX - Market News https://ift.tt/2KRWVDw
via IFTTT

USD Price Outlook: US Dollar Sinks as Euro Rallies to 1.2300

USD price action weakened broadly on Wednesday and sent the US Dollar Index plunging to fresh yearly lows as the Euro extended its rally to the 1.2300-level.

from DailyFX - Market News https://ift.tt/34VJZUf
via IFTTT

DAX 30, CAC 40, FTSE 100 Forecasts to Start 2021

European indies look to enter the New Year on an optimistic note as they trade at or near their highest levels in months. With newly minted trade deals and a covid vaccine, can they continue higher?

from DailyFX - Market News https://ift.tt/34WDNey
via IFTTT

Central Bank Watch: BOE, ECB, & Fed Interest Rate Expectations Update

As 2020 comes to a close, 2021 doesn’t look like it will bring about much change in terms of central banks’ policies.

from DailyFX - Market News https://ift.tt/381GFbY
via IFTTT

Japanese Yen Price Outlook: USD/JPY, AUD/JPY, CAD/JPY

The direction of the Japanese Yen has varied recently with USD/JPY gravitating lower while AUD/JPY and CAD/JPY advance. What might be in store for Yen price action headed into 2021?

from DailyFX - Market News https://ift.tt/3n1rR1t
via IFTTT

Gold Price (XAU/USD) Stalls at Resistance

Gold Prices continue to test key psychological level as US selling pressure prevails.

from DailyFX - Market News https://ift.tt/381rZJK
via IFTTT

EUR/USD Hits New Yearly High as China/EU Announce Bilateral Investment Deal

China and the European Union have announced political approval of a bilateral investment deal. Seven years in the making, the deal looks to increase the economic ties between the two.

from DailyFX - Market News https://ift.tt/2LbiCi0
via IFTTT

Euro 1Q 2021 Forecast: Can the ECB Curb the Euro's Strength?

The European Central Bank has made clear that it does not want to see EUR/USD above the 1.20 mark, once seen as its ‘line in the sand’ for the pair. But it’s hard to see what it can do about it.

from DailyFX - Market News https://ift.tt/2Jy6dUM
via IFTTT

Sterling Q1 2021 Forecast: GBP/USD Closing a Tumultous Year on the Front Foot

Sterling’s technical analysis has played second fiddle to overarching fundamentals in the past year, but that may change in the first quarter of 2021.

from DailyFX - Market News https://ift.tt/2WXJWTe
via IFTTT

As a New Retail Trader Age Rises, Heed Tales of Past Manias

In spring 2020, the temporary closures of professional sports leagues during the initial coronavirus pandemic lockdown anointed a new class of retail traders in financial markets.

from DailyFX - Market News https://ift.tt/3aTc7uJ
via IFTTT

US Dollar Breakdown Pushes EUR/USD to Fresh Yearly Highs

US Dollar slide shows little signs of abating, pushing USD majors to higher levels. Euro falls short of 1.23.

from DailyFX - Market News https://ift.tt/38HlAmi
via IFTTT

British Pound (GBP) Latest: GBP/USD Likely to Head Back Above 1.36

GBP/USD is benefiting from a weak USD as optimism about loose monetary policy worldwide and the roll out of coronavirus vaccines lifts ‘risk-on’ assets including GBP, EUR and AUD.

from DailyFX - Market News https://ift.tt/3htJYf7
via IFTTT

Dow Jones, Russell 2000 at Risk as Senate Blocks Stimulus Checks Vote

The Dow Jones and Russell 2000 may come under pressure in the near term as Senate Republicans blocked an attempt by Democrats to increase stimulus payments to $2000.

from DailyFX - Market News https://ift.tt/2WUHUU3
via IFTTT

Gold, Crude Oil Prices Climb as US Dollar Sinks. Eyes on Senate Stimulus Talks

Gold and crude oil prices are gaining during Wednesday’s APAC trading session as the US Dollar weakens. Will this trend continue over the remaining 24 hours? All eyes are on US stimulus talks.

from DailyFX - Market News https://ift.tt/2MmNw7H
via IFTTT

Indian Rupee Forecast: Will USD/INR Reverse as CPI Brings RBI Cuts in Focus?

The Indian Rupee has been struggling to capitalize on a weaker US Dollar. Will lower inflation expectations change USD/INR’s trajectory? What are some risks the Nifty 50 is facing?

from DailyFX - Market News https://ift.tt/3hpFKoW
via IFTTT

Silver Price Outlook: XAG/USD Lower as Increased Direct Payments Hit Roadblock

Silver prices fell on Tuesday after increased stimulus payments to Americans hit a roadblock in the Senate. Wall Street trading ended the day mostly lower alongside XAG/USD as inflation bets eased.

from DailyFX - Market News https://ift.tt/3mXRFLP
via IFTTT

USD Price Outlook: US Dollar Volatility Eyes Year-End Flows

The US Dollar came back under pressure on Tuesday with USD price action weakening across the board of major currency pairs. This steered the DXY Index toward monthly lows, but will support hold?

from DailyFX - Market News https://ift.tt/34VWlf3
via IFTTT

British Pound Price Forecast: GBP/USD Ascent Slows at Flurry of Resistance

A Brexit trade deal has offered a degree of certainty to the British Pound but gains have slowed as long-awaited expectations become reality. Will resistance spark a reversal lower in GBP/USD?

from DailyFX - Market News https://ift.tt/3aSCHUQ
via IFTTT

Canadian Dollar Price Outlook: USD/CAD, GBP/CAD Levels to Watch

The Canadian Dollar has strengthened so far this week with USD/CAD and GBP/CAD price action recoiling lower. Can the Loonie extend its recent advance or will buying pressures dissipate?

from DailyFX - Market News https://ift.tt/3rCRj0F
via IFTTT

Dow Jones, Nasdaq 100 Forecasts for the Week Ahead

The Dow Jones and Nasdaq 100 have floated higher amid the holiday season as bullish sentiment remains even amid the quiet sessions. Here are the levels to watch in the week ahead.

from DailyFX - Market News https://ift.tt/37TuMF0
via IFTTT

US Recession Watch, December 2020 - Yield Curve Hides Slowing Economy

The US Treasury yield curve has steepened in recent weeks (long-end rates rising faster than short-end rates), but that might not mean what you think.

from DailyFX - Market News https://ift.tt/2Wj04P5
via IFTTT

Euro Forecast: Bullish Breakout Attempts Starting in EUR/JPY, EUR/USD Rates

EUR/JPY rates have rallied to fresh yearly highs, while EUR/USD rates are racing towards the yearly high set earlier in December.

from DailyFX - Market News https://ift.tt/3nXrYwj
via IFTTT

Market Sentiment Positive, AUD/USD, NZD/USD, EUR/USD all Firm | Webinar

Trader confidence is high on the US stimulus package, the EU-UK trade deal and the coronavirus vaccine rollout, suggesting further gains for ‘risk-on’ assets.

from DailyFX - Market News https://ift.tt/2KAP4KM
via IFTTT

British Pound (GBP) Latest: GBP/USD Preparing for Future Gains

GBP/USD looks to be consolidating ahead of a further push higher as traders continue to welcome the post-Brexit trade deal between the EU and the UK.

from DailyFX - Market News https://ift.tt/3nXV6n4
via IFTTT

DAX 30 Index Storms to Record Highs on Vaccine Rollout, Brexit Relief

Germany’s DAX 30 index may continue to push higher on the back of the rollout of Pfizer’s Covid-19 vaccine and the agreement between the EU and UK on Brexit trade deal.

from DailyFX - Market News https://ift.tt/358vUTB
via IFTTT

Crude Oil Prices Struggle to Hold Gains as Stimulus Enthusiasm Fades

Crude oil prices regained some strength as the US House of Representatives voted to raise pandemic relief payments to $2,000 from $600, raising prospects for fuel demand. Yet demand concerns may ca...

from DailyFX - Market News https://ift.tt/2JrzXm5
via IFTTT

Indian Rupee Forecast: Will USD/INR Reverse as CPI Brings RBI Cuts in Focus?

The Indian Rupee has been struggling to capitalize on a weaker US Dollar. Will lower inflation expectations change USD/INR’s trajectory? What are some risks the Nifty 50 is facing?

from DailyFX - Market News https://ift.tt/2Jptb06
via IFTTT

Natural Gas Outlook: Bears in Firm Control after Warmer Weather Forecasts

Natural gas prices are on track to record the worst monthly performance since December of 2018 following warmer than expected temperature forecasts spurring a rapid selloff.

from DailyFX - Market News https://ift.tt/3mRYCy1
via IFTTT

ASX 200, Nikkei 225 Climb as S&P 500 Hits Record High on Stimulus Bill

Stock markets in Asia-Pacific are climbing as President Donald Trump signed a $2.3 trillion package containing government funding and Covid relief stimulus. All three major US indices closed at rec...

from DailyFX - Market News https://ift.tt/3rze8Ck
via IFTTT

Australian Dollar Forecast: AUD/NZD, AUD/JPY Higher on Stimulus News

Increased fiscal stimulus bets in the U.S appears to have boosted sentiment this week with the Australian Dollar being a primary beneficiary. However, AUD/NZD and AUD/JPY face thinly traded tapes a...

from DailyFX - Market News https://ift.tt/3mW56fc
via IFTTT

USD Price Outlook: Pound-Dollar Recoils Lower, Will it Last?

The US Dollar traded mixed on Monday as GBP/USD price action dropped 110-pips while EUR/USD notched a 27-pip advance and implied volatility readings cool off during the holidays.

from DailyFX - Market News https://ift.tt/3aMNP5B
via IFTTT

Moving Average (MA) Explained for Traders

The Moving Average is a popular indicator for identifying trends. Learn how to use and interpret MA.

from DailyFX - Market News https://ift.tt/2VP0mNf
via IFTTT

Dow Jones, Nasdaq 100 Forecasts for the Week Ahead

The Dow Jones and Nasdaq 100 have floated higher amid the holiday season as bullish sentiment remains even amid the quiet sessions. Here are the levels to watch in the week ahead.

from DailyFX - Market News https://ift.tt/34Oflfg
via IFTTT

Gold Price Flirting with Potential Breakout Above $1,900

Gold prices have rallied over 5% so far this month as precious metals stage a bullish recovery off recent lows, but can gold price action eclipse technical resistance posed by the $1,900-level?

from DailyFX - Market News https://ift.tt/3mYCemq
via IFTTT

Brexit Latest: Deal Fails to Inspire GBP/JPY, GBP/USD Breakouts

It’s the first full trading day since the Brexit deal was announced and the British Pound is trading…lower?

from DailyFX - Market News https://ift.tt/34OOCPV
via IFTTT

Bitcoin Price Forecast: BTC/USD Soars to New Heights. Where to Next?

Bitcoin surged to record levels over the quiet holiday period, briefly trading above the $28,000 mark. With new levels reached and an optimistic outlook, what is the next major price barrier?

from DailyFX - Market News https://ift.tt/37Vmj49
via IFTTT

Stock Market Holiday Calendar 2020/21

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

from DailyFX - Market News https://ift.tt/3q2cFE0
via IFTTT

How to Trade the Euro, NOK and SEK Using the Core-Perimeter Model

A macro forex trading guide exploring how to trade the Euro vs the Swedish Krona and Norwegian Krone through the prism of the Core-Perimeter model

from DailyFX - Market News https://ift.tt/3eOXyYs
via IFTTT

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.

from DailyFX - Market News https://ift.tt/38yXQ5q
via IFTTT

Gold Prices Rise as Trump Signs Stimulus Package, USD Weakens

Gold prices jumped on Monday as President Trump signed a long-waited US stimulus package and government spending bill. The US Dollar fell while risk assets enjoyed a relief rally.

from DailyFX - Market News https://ift.tt/3mV3G4s
via IFTTT

AUD/USD, Iron Ore and Copper Prices May Rise on Chinese Industrial Profits

Chinese industrial firms posted a seventh consecutive month of profit growth this week which may support copper and iron ore prices into the new year. AUD/USD rose above trendline support, nearing ...

from DailyFX - Market News https://ift.tt/3hnBbLH
via IFTTT

S&P 500, Hang Seng Weekly Open: Alibaba Probe Weighs on Sentiment

Stock markets are set to open mildly higher on stimulus and vaccine hopes in Asia-Pacific trade. Chinese tech stocks tumbled after Beijing initiated an antitrust probe into Alibaba, weighing on the...

from DailyFX - Market News https://ift.tt/354RuID
via IFTTT

Copper 1Q Forecast: May Rise Further as Post-Covid Economic Outlook Clears

Copper may continue to rise into fresh multi-year highs as fundamental drivers appear set to strengthen in 2021.

from DailyFX - Market News https://ift.tt/3hkLUq8
via IFTTT

CNH 1Q Forecast: Vaccines and Biden’s Presidency May Threaten Yuan’s “One Way” Trajectory

A potential rebound in the US Dollar as a result of stronger fundamentals and inflation overshoot may lead to a reversal of EM currencies’ bullish trend. More importantly, a possible reigniting of ...

from DailyFX - Market News https://ift.tt/3nSRORZ
via IFTTT

MXN 1Q Forecast: Mexican Peso Outlook - USD/MXN Bearish in 2021 as Recovery Persists

The Mexican Peso looks positioned for a prolonged advance against the US Dollar in 2021. This could present bearish USD/MXN trading opportunities with the Mexican Peso possessing potential to exten...

from DailyFX - Market News https://ift.tt/38CVilh
via IFTTT

JPY 1Q Forecast: 2021 Could be the Year JPY Wakes Up

The place to be next year could be JPY, as the charts become increasingly “dead” and coiled up. USD/JPY and EUR/JPY are a couple of charts that hint at possibly making big moves.

from DailyFX - Market News https://ift.tt/3mRJAIv
via IFTTT

AUD 1Q Forecasts: Key Market Trends to Watch for in 2021 FX Market - Long AUD/USD and AUD/JPY

The Australian Dollar may continue to outperform against its US counterpart as the continuation pattern gains traction ahead of 2021. The improvement in investor confidence has also spurred a recov...

from DailyFX - Market News https://ift.tt/3rygZvt
via IFTTT

AUD, NZD 1Q Forecasts: Commodity Currency Breakout in 2021? Cyclical Upturn Ahead for AUD & NZD

2021 could prove to be the start of a commodity-currency bull market, as long-term price analysis suggests a cyclical shift may be afoot for AUD, NZD against the haven-linked USD.

from DailyFX - Market News https://ift.tt/38DVbWr
via IFTTT

CAD/JPY 1Q Forecast: Long CAD/JPY - Time to Start Mending the Global Economy

A long CAD/JPY trade hopefully benefits from the nascent economic recovery. I’m looking for both sides of the FX-pair to perform with the Canadian dollar appreciating alongside an uplift in the pri...

from DailyFX - Market News https://ift.tt/3mRSS7k
via IFTTT

EUR/USD 1Q Forecast: US Dollar May Rebound vs. Euro as Fed, ECB Policies Diverge

One major central bank unlikely to pace the Fed is the ECB. A yawning gap between US and Eurozone breakeven rates underscores this, suggesting that the Euro may turn lower as the global monetary po...

from DailyFX - Market News https://ift.tt/37Rj9yw
via IFTTT

JPY 1Q Forecasts: Range USD/JPY 7-Year Wedge, Bullish GBP/JPY Post-Brexit Break

Looking into 2021, I’m interested in the gravity of USD/JPY’s range and the contrast for multiple scenarios to a GBP/JPY climb.

from DailyFX - Market News https://ift.tt/34Lv8f4
via IFTTT

USD/CAD 1Q Forecast: Short USD/CAD Amid a Recovering Global Economy and Dovish Fed

As economies continued to regain their footing, the US Dollar lost much of its luster as the Federal Reserve looks to stand firm on its accommodative policy stance into 2023. On the other hand, the...

from DailyFX - Market News https://ift.tt/3nQb7eA
via IFTTT

NZD/USD 1Q Forecast: Long NZD/USD as RBNZ Rhetoric Improves

The New Zealand Dollar has been the best performing currency towards the end of the year, appreciating 6.8% against the US Dollar in November alone. I expect this appreciation to continue into the ...

from DailyFX - Market News https://ift.tt/37Qo0Qf
via IFTTT

1Q Forecasts: Vaccines Mean Hope Springs Eternal - Long MXN/JPY, Long Copper (XCU/USD), Long RUT & NDX

In this low interest rate world with pent up aggregate demand and significant slack in the world’s major economies, there is ample room for growth. If growth is the story of 2021, the underperforme...

from DailyFX - Market News https://ift.tt/3aIKrst
via IFTTT

USD 1Q Forecast: US Dollar Breaks Multi-year Trend Support – Looking for a Low

One of the most significant technical reactions this past year was in the US Dollar Index.

from DailyFX - Market News https://ift.tt/3mTY22y
via IFTTT

USD/SGD 1Q Forecast: US Dollar at Risk to Singapore Dollar Amid Hunt for Yield in Emerging Markets

The Singapore Dollar may continue its advance against the US Dollar in 2021 as capital keeps flowing into Emerging Markets.

from DailyFX - Market News https://ift.tt/2WIEOCq
via IFTTT

CAD/CHF 1Q Forecast: Long CAD/CHF – A Combination of Risk Trends and Positioning

As the global economic outlook improves with pent up demand supporting growth, risks are tilted to the upside for oil prices, which in turn is likely to keep the Canadian Dollar afloat, particularl...

from DailyFX - Market News https://ift.tt/2McOW4B
via IFTTT

GBP/NZD 1Q Forecast: Long GBP/NZD as Competing Sterling and Kiwi Climb Shifts in 2021

On the NZD side, the good news of a potential global economic revival has been largely priced in to the markets already. On the GBP side, there is scope for the UK economy to perform better than wi...

from DailyFX - Market News https://ift.tt/3hhiHwx
via IFTTT

USD/JPY 1Q Forecast: Can the BoJ Keep Up With the Breakneck Pace of the FOMC?

With Shinzo Abe now no longer leading Japan, can Abenomic-fueled Yen losses remain?

from DailyFX - Market News https://ift.tt/3rxnv5I
via IFTTT

Top Trading Lessons: Take Extra Caution Before Joining Popular Trades

The first quarter of 2020 turned traders on their heads as Covid-19 ripped through the global economy. Swift action from the Federal Reserve and other central banks backstopped the global financial...

from DailyFX - Market News https://ift.tt/37LtmMK
via IFTTT

Top Trading Lessons: A Crisis May Scare Away the Crowd, But Not the Best Traders

Many things that happened in 2020 appear to be counterintuitive, especially when it comes to the stock markets.

from DailyFX - Market News https://ift.tt/3hggbGO
via IFTTT

Top Trading Lessons: A Lesson on Irrational Exuberance and Trader Psychology

You might have heard the aphorism "the market is not the economy" before. The phrase surfaced quite a bit this past year largely owing to COVID-19 and the economic fallout caused by the pandemic.

from DailyFX - Market News https://ift.tt/34Mkdl0
via IFTTT

Top Trading Lessons: Trade More of What Is in Play, Less of What Isn’t

2020 was filled with extremely high levels of volatility across just about every asset class. The S&P 500 had one of its most volatile years on record, the WTI crude oil front-month contract went n...

from DailyFX - Market News https://ift.tt/38y8qbf
via IFTTT

Top Trading Lessons: History Doesn't Repeat Itself, But It Often Rhymes

The quote ‘history doesn't repeat itself, but it often rhymes,’ which is largely attributed to Mark Twain, comes to mind as COVID-19 has made 2020 an unforgettable year.

from DailyFX - Market News https://ift.tt/37Oo7Mo
via IFTTT

Top Trading Lessons: Don’t Fight the Tape and Don’t Fight the Fed

2020 proved once again that you should always follow two of the commandments laid out by Wall Street legend Marty Zweig in his 1986 book titled “Winning on Wall Street”: don’t fight the tape and de...

from DailyFX - Market News https://ift.tt/38t7Mvq
via IFTTT

Top Trading Lessons: Be Confident – Don’t Listen to Noise

A recurring theme this year has been the huge amount of trading advice, commentary, opinion – aka ‘noise’ – around a majority of my trading decisions in 2020.

from DailyFX - Market News https://ift.tt/2M7Vph3
via IFTTT

The Basics of Technical Analysis

This beginners guide will introduce you to the basics of technical analysis, and how it can be used to trade FX.

from DailyFX - Market News https://ift.tt/38E9XfO
via IFTTT

Top Trading Lessons: Ignore ‘Market Lore’ and Focus on the Evidence

Seemingly one of the most stubbornly durable bits of “market lore” is that traders treat gold as some sort of ultimate safe haven. Tellingly, the financial news media is often filled with hand-wrin...

from DailyFX - Market News https://ift.tt/3htU53P
via IFTTT

Top Trading Lessons: A Classic Adage and Weakness: Let Your Winners Run

I have been trading and analysing the markets for approximately two decades, so there have been many lessons learned long the way – most of them with a meaningful degree of pain.

from DailyFX - Market News https://ift.tt/2WH9qnS
via IFTTT

Top Trading Lessons: Steer Clear of Speculative Mania and Be Patient

The second half of 2020 was filled with symptoms of excess and disregard for risk management in many markets, particularly in US equities.

from DailyFX - Market News https://ift.tt/3pi9Pt2
via IFTTT

Top Trading Lessons: Try to Avoid FOMO

I think an important aspect of markets in 2020 has been trying not to get FOMO (Fear of Missing Out) when volatility was shooting up and “easy profits” could be seen flying around.

from DailyFX - Market News https://ift.tt/37NroeT
via IFTTT

Top Trading Lessons: It Pays to Be Nimble in a Crisis, Be Confident in Your Knowledge

As a self-styled central bank Kremlinologist, I pay close attention to what policymakers say, when they say it, and how they say it. But to take central bankers’ statements and turn them into actio...

from DailyFX - Market News https://ift.tt/3mHxOQU
via IFTTT

Top Trading Lessons: Technicals Hold All the Weight, Not the Click-Bait: Covid-19 Edition

I've often advocated that traders remain disciplined to price action staying aware of but not beholden to the headlines. This year was no different.

from DailyFX - Market News https://ift.tt/2WMUeFC
via IFTTT

Top Trading Lessons: Covid Stock Market Pandemonium or Calm Waters, Wait for Breakout Confirmation

2020 brought with it a challenging trading environment, one that likely pushed many investors, including myself, to the edge, testing our capabilities.

from DailyFX - Market News https://ift.tt/3mObnJC
via IFTTT

Top Trading Lessons: Don’t Fear Missing a Trade, There Are an Infinity More Ahead. Be Flexible

Remind yourself that you will miss a trade, however, there will always be another trade, so if you miss a trade, accept it and move on.

from DailyFX - Market News https://ift.tt/34FI064
via IFTTT

Top Trading Lessons: Euro and Sterling Shrug Off Brexit Talks Between EU and UK

This past year was meant to be the one when both the Euro and especially the British Pound suffered from the tortuous negotiations between the EU and the UK on their post-Brexit relationship.

from DailyFX - Market News https://ift.tt/2KUyiWs
via IFTTT

Top Trading Lessons: Pandemic vs the Central Banks

In a year when so much went on, I think one of the more surprising items is how little economic pain actually showed in global equity markets, particularly in the US.

from DailyFX - Market News https://ift.tt/2M6PkBu
via IFTTT

British Pound Rallies as EU-UK Reach Brexit Deal

After four-plus years of negotiations over the terms of Brexit, the EU and the UK have reached an agreement.

from DailyFX - Market News https://ift.tt/3hd1apa
via IFTTT

Sterling Q1 2021 Forecast: Starting to Look a Better Prospect

The first quarter of 2021 looks set to be an intriguing, and volatile, three months for sterling-denominated assets and traders

from DailyFX - Market News https://ift.tt/3mK1VHj
via IFTTT

South African Rand Forecast: USD/ZAR, GBP/ZAR,EUR/ZAR Price Setup

New coronavirus strain weighs on risk sentiment, muting price action

from DailyFX - Market News https://ift.tt/3nRPXgc
via IFTTT

Euro Outlook: EUR/USD, EUR/GBP Levels to Watch

G10 FX muted with the exception of GBP. EUR/USD maintains range, EUR/GBP breaking key support.

from DailyFX - Market News https://ift.tt/3nNcTNG
via IFTTT

FTSE 250: UK Shares Strong as Traders Await Brexit Confirmation

UK shares push higher as news breaks of a Christmas Eve Brexit deal

from DailyFX - Market News https://ift.tt/3aEdjlD
via IFTTT

Brexit Trade Deal Expected Imminently, Sterling (GBP) Strengthens Across the Board

The EU and UK are expected to announce a post-Brexit trade deal shortly leaving Sterling free to move higher against a range of currencies.

from DailyFX - Market News https://ift.tt/2Ko1qWv
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3iCCIfQ
via IFTTT

Crude Oil, Gold Prices Rally to Resistance With Brexit Deal Around Corner

Crude oil and gold prices benefited from US Dollar weakness amid promising signs of an imminent Brexit deal. All eyes are on Boris Johnson, Donald Trump and the new virus strain.

from DailyFX - Market News https://ift.tt/2WUQceN
via IFTTT

Swiss Franc Technical Analysis: NZD/CHF, CAD/CHF, AUD/CHF Setups to Watch

Chart setups in the Swiss Francoffer key price levels and patterns that can give way to potential swings in the coming week across NZD/CHF, CAD/CHF, and AUD/CHF.

from DailyFX - Market News https://ift.tt/2JjHKCw
via IFTTT

ASX 200, Hang Seng May Ride the Brexit Tailwind as Dow Drifts Higher

Asia-Pacific stocks are set to trade higher as a cyclical bid into financial and energy shares lifted the Dow Jones and S&P 500 overnight. US fiscal stimulus deal and Brexit trade talks remain in f...

from DailyFX - Market News https://ift.tt/3rpzwtF
via IFTTT

AUD/USD, AUD/NZD Struggle on Technical Themes as Traders Eye Holiday Break

The Australian Dollar is taking a break from its longer-term bullish theme with AUD/USD and AUD/NZD struggling against technical levels. Meanwhile, Wall Street trading was mixed as recent economic ...

from DailyFX - Market News https://ift.tt/2M58h7C
via IFTTT

USD Price Outlook: US Dollar Back on Defense as Brexit Weighs

The US Dollar gravitated lower during Wednesday's trading session on the heels of GBP/USD price action surging in response to rumors that a Brexit trade deal has been reached.

from DailyFX - Market News https://ift.tt/37LLp5r
via IFTTT

Brexit Latest: British Pound Rallies as EU-UK Agreement Nears - Levels for GBP/JPY, GBP/USD

Over the past few hours, reports have emerged that the EU and UK have agreed to a framework for a Brexit deal.

from DailyFX - Market News https://ift.tt/3rrjJL5
via IFTTT

US Dollar Price Action into 2021: EUR/USD, GBP/USD, USD/JPY

It was a putrid period for the US Dollar from the March highs into December. Is there any hope remaining for USD bulls in 2021?

from DailyFX - Market News https://ift.tt/2WFVnyV
via IFTTT

How to Learn Technical Analysis with DailyFX

Getting started in technical analysis can seem daunting but understanding the basics will build a solid foundation. Learn more...

from DailyFX - Market News https://ift.tt/3nL6t1y
via IFTTT

Natural Gas: EIA Weekly Natural Gas Storage Report Preview

stimates suggest that the December 23rd EIA figures will reflect a further reduction in underground natural gas storage, which may buoy prices in the short term

from DailyFX - Market News https://ift.tt/34CfSRo
via IFTTT

Brexit Latest: GBP/USD Jumps on Talk of a Brexit Deal Emerging

GBP lifted as speculation rises over a potential Brexit deal, however, eyes are focussed on official confirmation.

from DailyFX - Market News https://ift.tt/3pgXZ2u
via IFTTT

S&P 500 Index Futures Overlook Soft US Economic Data

S&P 500 Index futures are hovering near session highs while the US Dollar slumps toward intraday lows as markets digest a round of mixed economic data and the latest Brexit headlines.

from DailyFX - Market News https://ift.tt/2WFUAhs
via IFTTT

How to Manage the Emotions of Trading

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

from DailyFX - Market News https://ift.tt/3mS43Nv
via IFTTT

FTSE 100 Forecast: Unclear Direction as Driving Forces Collide

The FTSE 100 remains vulnerable to further pullbacks as Christmas break begins

from DailyFX - Market News https://ift.tt/38yKJzq
via IFTTT

Ripple (XRP) Crushed as SEC Looks to Sue for Alleged Securities Violations

Ripple Labs and two executives are being charged with raising USD1.3 billion through an ‘unregistered, ongoing digital asset securities offering’.

from DailyFX - Market News https://ift.tt/37FaLBY
via IFTTT

British Pound (GBP) Latest: Brexit Update Gives Boost to Sterling

GBP on the front foot once again on latest Brexit update.

from DailyFX - Market News https://ift.tt/3mIZS6r
via IFTTT

Dollar Down as Upbeat Markets Dismiss Trump Stimulus Opposition

The US Dollar fell amid ebbing demand for haven assets as upbeat financial markets shrugged off news that US President Donald Trump refuses to sign a bipartisan Covid relief bill.

from DailyFX - Market News https://ift.tt/3pn8dOZ
via IFTTT

Gold Prices Edge Higher After Trump Rejects the US Stimulus Package

Gold prices reversed a 3-day decline and edged higher on Wednesday as President Trump refused to sign the US stimulus package. A new type of Covid-19 strain threatens further lockdowns and growth p...

from DailyFX - Market News https://ift.tt/2WFzGiE
via IFTTT

US Dollar Forecast: Stimulus Delay, New Virus Strain, Brexit Threaten SGD and THB

The US Dollar may rise against ASEAN currencies like the Singapore Dollar and Thai Baht as US fiscal stimulus woes, a coronavirus mutation and ‘no-deal’ Brexit threaten market volatility.

from DailyFX - Market News https://ift.tt/3hkdBQ8
via IFTTT

Swiss Franc Technical Analysis: NZD/CHF, CAD/CHF, AUD/CHF Setups to Watch

Chart setups in the Swiss Francoffer key price levels and patterns that can give way to potential swings in the coming week across NZD/CHF, CAD/CHF, and AUD/CHF.

from DailyFX - Market News https://ift.tt/3rlN2yv
via IFTTT

ASX 200, Nikkei 225 Open Higher as Nasdaq 100 Leads a Defensive Play

Asia-Pacific stock markets look set to open mixed following a defensive session on Wall Street. The Nasdaq 100 index gained 0.5% whereas the broader benchmarks closed lower amid virus concerns and ...

from DailyFX - Market News https://ift.tt/3hdPzpR
via IFTTT

New Zealand Dollar Analysis: NZD/USD Weakens on Broader Risk Aversion

The risk-sensitive New Zealand Dollar fell against the Greenback as traders digested a worsening situation around new Covid restrictions in Europe.

from DailyFX - Market News https://ift.tt/3aAmAv3
via IFTTT

USD Price Outlook: US Dollar Rebound Attempt in Focus

The US Dollar advanced broadly on Tuesday in an apparent second-go at a rebound attempt that fizzled out during the prior trading session. Is USD price action gearing up for a bullish reversal or w...

from DailyFX - Market News https://ift.tt/38vSypt
via IFTTT

Euro Forecast: Breakouts Constrained, Further Gains May Have to Wait for EUR/JPY, EUR/USD Rates

EUR/USD has fallen back into its bull flag, while EUR/JPY never left its flag in the first place.

from DailyFX - Market News https://ift.tt/2M0HfhH
via IFTTT

Gold Price Forecast: XAU/USD Readying for Break into 2021

Gold prices have been strong so far for December - but can bulls continue to push into the New Year, or is another bearish wave awaiting?

from DailyFX - Market News https://ift.tt/3rkZmPz
via IFTTT

US Dollar Probes Session Highs in Wake of Consumer Confidence Data

The US Dollar is extending higher on the back of disappointing consumer confidence data just crossing the wires as markets grapple with a risk-off tone amid a resurgence of Covid-19 concerns.

from DailyFX - Market News https://ift.tt/3nHmh5x
via IFTTT

Rand Dollar Forecast: USD/ZAR Selling Pressure Perseveres, For Now

Stimulus talks weigh on Dollar, fueling selling pressure

from DailyFX - Market News https://ift.tt/3nHCOX2
via IFTTT

Japanese Yen Outlook: USD/JPY, CAD/JPY Price Action Set-Up

USD/JPY to maintain tight range into year end, CAD/JPY eyes support amid breakdown.

from DailyFX - Market News https://ift.tt/2Wz54iG
via IFTTT

Euro Latest: EUR/USD, EUR/GBP, EUR/JPY Levels to Watch

The euro corrects slightly on the back of a risk-off move bure remains resilient against other major currencies

from DailyFX - Market News https://ift.tt/2Kl7Plg
via IFTTT

British Pound (GBP) Latest - Talk of Brexit Compromise Boosts Sterling

According to a range of reports, the UK has offered the EU a compromise on fisheries in an effort to break the current Brexit deadlock.

from DailyFX - Market News https://ift.tt/3ayKsPO
via IFTTT

Top 10 Candlestick Patterns To Trade the Markets

Discover the 10 most reliable candlestick patterns for trading the financial markets.

from DailyFX - Market News https://ift.tt/34zLqqW
via IFTTT

S&P 500 Index May Extend Slide Lower Despite Senate Passing Aid Bill

The S&P 500 index may continue to slide lower in the short term, despite Congress passing a much-needed fiscal aid package, as Covid-19 fears gnaw at market sentiment.

from DailyFX - Market News https://ift.tt/3mFG0RF
via IFTTT

Crude Oil Rally May Lose Steam on Virus Threat, Softer Physical Demand

Crude oil prices receded from 10-month highs as a new coronavirus strain found in the UK threatened further lockdown measures. Backwardation spreads narrowed as demand from Asian refiners fell.

from DailyFX - Market News https://ift.tt/3rdbr9k
via IFTTT

Natural Gas Breaks Above Chart Resistance on Colder US Outlook

Natural gas prices moved higher this week on a bullish below-average temperature outlook from the NWS. Recently broken chart esistance may offer support to the downside in the weeks ahead

from DailyFX - Market News https://ift.tt/2KuiiuD
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3kyXzSh
via IFTTT

Australian Dollar Forecast: AUD/USD on Backfoot Despite Stellar Retail Sales

The Australian Dollar is showing short term signs of exhaustion with AUD/USD failing to react to positive AU retail sales. Meanwhile, risk-off flows from the New York session may likely spill over ...

from DailyFX - Market News https://ift.tt/3pbhUzO
via IFTTT

Dow Jones Erases Intraday Slump, ASX 200 and Hang Seng May Fall

Dow Jones pared deep intraday losses and closed marginally higher as banking stocks cheered a Fed move to resume stock buybacks. The ASX 200 and Hang Seng look set to open in cautious mode amid low...

from DailyFX - Market News https://ift.tt/38oTufA
via IFTTT

Bitcoin (BTC) Price Outlook: Short-Term Pullback in the Making?

Bitcoin could be at risk of a short-term pullback as the popular cryptocurrency’s surge to fresh yearly highs appears to be running out of steam. Key technical levels to watch for the weeks ahead.

from DailyFX - Market News https://ift.tt/38p30zb
via IFTTT

USD Price Outlook: US Dollar Flops as Stimulus Deal Fuels Bears

US Dollar strength evaporated throughout Monday's trading session as USD price action erased gains across the board with Congress set to vote on a stimulus deal and an improvement in Brexit rhetoric.

from DailyFX - Market News https://ift.tt/3nE9hxi
via IFTTT

Brexit Latest: UK Deal Concession Sparks Rally in GBP/JPY, GBP/USD Rates

GBP/JPY and GBP/USD have reversed their daily losses – which exceeded -1% at times – and are now positive on the day.

from DailyFX - Market News https://ift.tt/3pg43Zg
via IFTTT

Canadian Dollar Price Forecast: USD/CAD Finds Resistance at Key Zone

A fast start to the week as a quick dose of risk aversion showed up. Is this but a blip or a sign of trends to come?

from DailyFX - Market News https://ift.tt/3nFi9CZ
via IFTTT

Gold (XAUUSD) Price Slumps - Markets Rattled by Sharp Risk-Off Move

The precious metal slumped $40/oz. in 30 minutes, before recovering some of its losses, as risk markets and thin trading conditions boost volatility.

from DailyFX - Market News https://ift.tt/3h6PQux
via IFTTT

Sterling Update: GBP/USD, EUR/GBP, GBP/JPY React to Brexit and COVID Latest

GBP extends losses as markets digest the latest Brexit and COVID concerns

from DailyFX - Market News https://ift.tt/2WBkh2x
via IFTTT

IBEX 35, DAX 30 Forecasts: Bears Take Control as Covid-19 Fights Back

European stock indices are deep in the red as a new strain of Covid-19 forces the UK to shutdown

from DailyFX - Market News https://ift.tt/3pi2n1n
via IFTTT

British Pound Outlook: Covid Mutation, Brexit Talks Undermine GBP/USD

The British Pound is at risk of significant losses as a new strain of coronavirus forces the tightening of local restrictions, and a no-deal Brexit scenario becomes increasingly likely.

from DailyFX - Market News https://ift.tt/2Wvh6tr
via IFTTT

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.

from DailyFX - Market News https://ift.tt/2WAEPrW
via IFTTT

Copper May Rise on US Stimulus Deal, Chinese Industrial Profits in Focus

Copper prices remain near recent 7-year highs as Congress nears a $900 billion Covid relief package. China's industrial profits move into focus for the red metal's path forward.

from DailyFX - Market News https://ift.tt/37BG8xj
via IFTTT

Nasdaq 100, Tesla and Bitcoin Carry Hopes while GBPUSD, GBPJPY Suit Conditions

We are heading into the final two trading weeks of the year with liquidity expected to quickly dwindle. Yet with the Nasdaq 100, Tesla, Bitcoin and EURUSD pushing highs amid extended US stimulus an...

from DailyFX - Market News https://ift.tt/3mzwqj7
via IFTTT

US Dollar and Yen Up, British Pound Down as New Virus Strain Hits London

The anti-risk US Dollar and Japanese Yen rose while the British Pound fell as a new strain of the coronavirus forced London into lockdown. US negotiators agreed on a fiscal stimulus plan.

from DailyFX - Market News https://ift.tt/3pbzjbO
via IFTTT

Stock Market 1Q 2021 Forecast: Equity Markets to Enjoy Continued Economic Recovery, Loose Monetary Policy

Equity markets look to enter 2021 near record levels despite soaring coronavirus cases and sweeping lockdowns. Can stocks push higher with the help of a vaccine and government stimulus?

from DailyFX - Market News https://ift.tt/3mAo9LX
via IFTTT

Gold 1Q 2021 Forecast: Gold Outlook Bullish Headed into First Quarter, with Caveats

While the 1Q’21 gold price outlook is bullish, there are some caveats – mainly, that gold may not be the best performing metal, precious or otherwise.

from DailyFX - Market News https://ift.tt/3pdvYbV
via IFTTT

Japanese Yen Fundamental Forecast 1Q 2021: a Haven When Few Want it

The anti-risk Japanese Yen is vulnerable heading into the first quarter as global stimulus continues to cool market volatility, boosting stocks. What are risks that may end up boosting JPY?

from DailyFX - Market News https://ift.tt/2LWvau1
via IFTTT

Sterling Q1 2021 Forecast: GBP/USD Closing a Tumultous Year on the Front Foot

Sterling’s technical analysis has played second fiddle to overarching fundamentals in the past year, but that may change in the first quarter of 2021.

from DailyFX - Market News https://ift.tt/3paeaPa
via IFTTT

Euro 1Q 2021 Forecast: Can the ECB Curb the Euro's Strength?

The European Central Bank has made clear that it does not want to see EUR/USD above the 1.20 mark, once seen as its ‘line in the sand’ for the pair. But it’s hard to see what it can do about it.

from DailyFX - Market News https://ift.tt/2KkMb0m
via IFTTT

US Dollar 1Q 2021 Forecast: Safe Haven Status Versus Fading Growth Position

The US Dollar has put in for the worst performance of the G10 currencies through the final quarter of 2020. Facing an even deeper slide after recent critical technical breaks can relative growth or...

from DailyFX - Market News https://ift.tt/3atxDX0
via IFTTT

Crude Oil 1Q 2021 Forecast: Covid to Clash with Vaccine Rollout

Crude oil prices soared these last two months largely thanks to improving global GDP growth outlook, but the commodity could face hurdles headed into 2021 as covid clashes with vaccine rollouts.

from DailyFX - Market News https://ift.tt/3p26XjS
via IFTTT

Australian Dollar 1Q 2021 Forecast Upbeat as RBA Rejects Negative OCR

The Australian Dollar may continue to outperform its US counterpart in 2021 as the RBA continues to rule out a negative interest rate policy (NIRP).

from DailyFX - Market News https://ift.tt/38grD0U
via IFTTT

Sterling Q1 2021 Forecast: Starting to Look a Better Prospect

The first quarter of 2021 looks set to be an intriguing, and volatile, three months for sterling-denominated assets and traders

from DailyFX - Market News https://ift.tt/3asYWk2
via IFTTT

Financial Stocks Rise as Fed Clears Path for Banks to Resume Buybacks

The Federal Reserve's stress test results for the U.S. banking system pushed financial stocks higher in after-hours trading Friday afternoon with the assessment clearing a path for banks to begin i...

from DailyFX - Market News https://ift.tt/37wZkfG
via IFTTT

US Dollar 1Q 2021 Forecast: Safe Haven Status Versus Fading Growth Position

The US Dollar has put in for the worst performance of the G10 currencies through the final quarter of 2020. Facing an even deeper slide after recent critical technical breaks can relative growth or...

from DailyFX - Market News https://ift.tt/3rcbgLl
via IFTTT

Three Trading Types and How They Influence the Market

We look at the three trading types and how they influence the market.

from DailyFX - Market News https://ift.tt/3mwmc2Y
via IFTTT

EUR/USD Rates to Watch Following Break of Monthly Opening Range

EUR/USD has broken out of the opening range for December and the exchange rate may continue to appreciate as long as the RSI holds in overbought territory.

from DailyFX - Market News https://ift.tt/34sc9Wq
via IFTTT

EUR/GBP Tightens its Range as Brexit Showdown Approaches Deadline

EUR/GBP remains highly volatile as Brexit headlines remain at the forefront

from DailyFX - Market News https://ift.tt/3nxmsAe
via IFTTT

DAX 30, FTSE 100 Technical Outlook Remains Overbought

The DAX 30 is strongly overbought as it nears its all-time high whilst the FTSE 100 sees stronger resistance

from DailyFX - Market News https://ift.tt/3r47q7j
via IFTTT

British Pound (GBP) Update - Sterling Staring at a Make-or-Break Brexit Weekend

The European Parliament has set Sunday evening as the last moment for approving a Brexit deal this year, leaving both sides under increasing pressure.

from DailyFX - Market News https://ift.tt/3p9vWlH
via IFTTT

Gold, Crude Oil Price Gains at Risk on US Shutdown and SMIC Blacklisting

Gold and crude oil prices climbed, though momentum faded as the risk of a US government shutdown loomed. The remaining 24 hours for precious metal and commodity prices may be choppy.

from DailyFX - Market News https://ift.tt/3nqCV9f
via IFTTT

Bitcoin, Ethereum Price Outlook: BTC/USD, ETH/USD Aims For Key Resistance

Bitcoin broke the $20,000 mark on Wednesday and subsequently rocketed over the 23,000 level before upside pressure abated. Ethereum now appears poised for higher highs following the crypto mania.

from DailyFX - Market News https://ift.tt/38cyt7H
via IFTTT

ASX 200, Nikkei 225 Rally Taking a Pause Despite Record High in S&P 500

Asia-Pacific stock indices are set for a minor pullback despite a record session on Wall Street overnight. The Federal Reserve’s accommodative stance and stimulus hopes buoyed sentiment, sinking th...

from DailyFX - Market News https://ift.tt/38u4N6j
via IFTTT

Australian Dollar Outlook: Surging Iron Ore Prices Push AUD/USD Higher

The Australian Dollar broke above 0.7600 amid surging iron ore prices and a better-than-expected AU jobs report. Meanwhile, U.S. stimulus talks progressed amid record-breaking Covid figures.

from DailyFX - Market News https://ift.tt/2KyKnR5
via IFTTT

USD Price Outlook: US Dollar Free Fall Reignited by Dovish Fed

The US Dollar took a nosedive during Thursday's trading session as global markets digested more dovish commentary from the Federal Reserve. Will USD price action slide further or is selling overdone?

from DailyFX - Market News https://ift.tt/3p79I3H
via IFTTT

Gold Price Forecast: XAU/USD Jumps to Monthly High, Aims Higher

Gold lurched to a 4-week high following the December FOMC rate decision at which Fed Chairman Jerome Powell issued remarks that bolstered the precious metal’s outlook.

from DailyFX - Market News https://ift.tt/2Kyhe8D
via IFTTT

Oil Price Clears March High to Push RSI into Overbought Territory

Recent developments in the Relative Strength Index (RSI) point to higher crude oil prices as the indicator pushes into overbought territory for the first time since 2019.

from DailyFX - Market News https://ift.tt/2KBeHue
via IFTTT

Why a Rise in Retail Trading May Signal Another Mania

The Fed and government’s support has altered how Americans think of saving versus investing. This is acting to kindle ‘animal spirits,’ in every sense of the Keynesian fashion.

from DailyFX - Market News https://ift.tt/3gV9dXm
via IFTTT

USD/CAD Post-Fed Pullback at Risk as RSI Recovers From Oversold Zone

USD/CAD may stage a near-term correction over the coming days as the Relative Strength Index (RSI) appears to be bouncing back from oversold territory.

from DailyFX - Market News https://ift.tt/3mscHlv
via IFTTT

Silver Price Forecast: XAG/USD Fundamentals Provide Hope to the Bulls

Silver prices advance as US Dollar weakness prevails

from DailyFX - Market News https://ift.tt/3aihO59
via IFTTT

Bank of England (BoE) Leaves Rates Untouched as Sterling Rallies Further on EU-UK Talk Optimism

The Bank of England left all policy levers untouched at today’s meeting as EU/UK trade talks go down to the wire. Sterling believes that a deal is very much on the cards.

from DailyFX - Market News https://ift.tt/2Wqy0tc
via IFTTT

OMX 30 Near All-Time High, USD/SEK Continues Steady Depreciation

The coronavirus pandemic gets out of control in Sweden as Prime Minister admits the second wave was underestimated

from DailyFX - Market News https://ift.tt/3r8bwuT
via IFTTT

British Pound (GBP) Latest: GBP/USD Still Firm Ahead of BoE Decision on Policy

GBP/USD continues to strengthen, reaching its highest level since May 2018 ahead of any more news on the EU-UK trade-talks and a likely decision by the Bank of England to leave policy unchanged.

from DailyFX - Market News https://ift.tt/34nuO5N
via IFTTT

DAX 30, EU Stoxx 50 May Rise as Investors Await Vaccine Approval

The benchmark DAX 30 and EU Stoxx 50 index may continue to push higher in the near term. However, the elongated wait for vaccine approval may begin to gnaw at market sentiment.

from DailyFX - Market News https://ift.tt/34j3TIi
via IFTTT

Crude Oil Nears Resistance, Gold Up on Fed. BoE, Moderna Vaccine Approval Next

Crude Oil prices face resistance after EIA stockpiles shrank as the Fed propelled gold prices before the BoE. WTI and XAU/USD are eyeing US jobless claims and Moderna’s likely vaccine approval.

from DailyFX - Market News https://ift.tt/3r4D3gV
via IFTTT

Japanese Yen Technical Forecast: JPY Index, AUD/JPY, CHF/JPY Chart Levels

The Japanese Yen is at key technical levels against the Australian Dollar and Swiss Franc. Moreover, when equally weighted against its major counterparts, the Yen is set for a technical breakout fr...

from DailyFX - Market News https://ift.tt/2IWY4cd
via IFTTT

How AUD & NZD Exchange Rates Are Impacted by China’s Economy

from DailyFX - Market News https://ift.tt/38754vn
via IFTTT

S&P 500 Gains on Fed, ASX 200 May Follow. Indonesia, Philippine Rates Next

The S&P 500 rose after the Fed, initially weighed down by soft retail sales data. The ASX 200 may climb after stellar local jobs data. Indonesian and Philippine central banks are on tap.

from DailyFX - Market News https://ift.tt/3gY1zf8
via IFTTT

Australian Dollar Pushes Higher on Better-Than-Expected Jobs Data

The Australian Dollar pushed higher against its major counterparts on the back of better-than-expected jobs data, as the unemployment rate unexpectedly fell to 6.8%.

from DailyFX - Market News https://ift.tt/2IWti33
via IFTTT

New Zealand Dollar Outlook: NZD/USD Nears Fresh Highs on Q3 GDP Beat

The New Zealand Dollar continues near fresh multi-year highs following a record breaking third-quarter GDP print. Asia-Pacific trading now focuses on the upcoming Australian jobs report.

from DailyFX - Market News https://ift.tt/34l3Pb5
via IFTTT

USD Price Outlook: US Dollar Whipsaws on Fed Bond Buying Plans

Wednesday's trading session was a volatile one as the US Dollar swung violently in the wake of fresh PMI data and an update from the Fed. What might be in store for USD price action looking ahead?

from DailyFX - Market News https://ift.tt/34ljc39
via IFTTT

Dow Jones, Nasdaq 100, S&P 500 Forecasts After The Fed And Into 2021

Markets negotiated the final FOMC meeting of the year Wednesday which reduced scheduled event risk until 2021. With few catalysts left, what will markets look to in the meantime?

from DailyFX - Market News https://ift.tt/3modW5e
via IFTTT

US Dollar Rises as FOMC Decision Holds Current Path

The Federal Reserve's most recent monetary policy decision leaves rates unchanged at 0.00%-0.25%, as expected. No major changes to its asset-purchase plans were announced leaving the US Dollar high...

from DailyFX - Market News https://ift.tt/34menXr
via IFTTT

Gold Price Remains Capped by 50-Day SMA Ahead of Fed Rate Decision

The opening range for December raised the scope for higher gold prices, but bullion appears to be capped by the 50-Day SMA ($1872) ahead of the Fed rate decision.

from DailyFX - Market News https://ift.tt/3qZKo1c
via IFTTT

US Recession Watch, December 2020 - Yield Curve Hides Slowing Economy

The US Treasury yield curve has steepened in recent weeks (long-end rates rising faster than short-end rates), but that might not mean what you think.

from DailyFX - Market News https://ift.tt/2Wj04P5
via IFTTT

Mixed December PMI Reports Hint at Further Uncertainty

A beat in Manufacturing and a miss in Services further point to uncertainty in the US economic recovery.

from DailyFX - Market News https://ift.tt/3moCPh7
via IFTTT

Crude Oil Latest: Brent Crude Price May Rise Further After Breach of $50 Level

The price of Brent crude oil looks to have consolidated its gains after climbing above the $50/barrel mark and is now well-placed to advance further in coming days.

from DailyFX - Market News https://ift.tt/3nqKBIH
via IFTTT

US Dollar Falls Further as Important Data and FOMC Meeting Near

The US dollar basket continues to fall and is touching the 90.00 level, a low not seen in over two-and-a-half years. Important data and FOMC decision later today.

from DailyFX - Market News https://ift.tt/2Kqn6AO
via IFTTT

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

European PMI data comes in better than expected and gives the euro an extra push higher

from DailyFX - Market News https://ift.tt/3aksVur
via IFTTT

British Pound (GBP) Latest: GBP/USD Extending Gains, UK Inflation Falls Sharply

GBP/USD is climbing for the third successive day on continuing hopes of a post-Brexit EU-UK trade deal; the latest UK economic data show a steep drop in inflation.

from DailyFX - Market News https://ift.tt/2Wh4d60
via IFTTT

Gold Prices May Drop if the FOMC Sours Stimulus Expansion Hopes

Gold prices may recoil from chart resistance if Fed officials signal that stimulus expansion is not in scope near-term at the final policy announcement of the year.

from DailyFX - Market News https://ift.tt/3gSU9JS
via IFTTT

Canadian Dollar Outlook: USD/CAD, CAD/JPY Eyeing Inflation Data

The Canadian Dollar may continue to outperform its haven-associated counterparts on the back of the BoC’s wait-and-see approach to monetary policy and positive vaccine progress.

from DailyFX - Market News https://ift.tt/3nprpLn
via IFTTT

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?

from DailyFX - Market News https://ift.tt/33dTjST
via IFTTT

Natural Gas Prices May Rise on Temperature Outlook, Chart Setup

Natural Gas prices rose as colder temperatures looked likely across the southwest U.S. over the next two weeks. Near-term technical cues appear bullish but follow-through may be limited.

from DailyFX - Market News https://ift.tt/3nuqSba
via IFTTT

Nasdaq 100 Approaches All-Time High, Will Hang Seng and ASX 200 Follow?

The Nasdaq 100 index surged 1.25% and closed near its all-time high as traders awaited a bipartisan stimulus plan ahead of the FOMC meeting on Wednesday. The Hang Seng and ASX 200 are poised to rise.

from DailyFX - Market News https://ift.tt/2Wj5xp1
via IFTTT

Australian Dollar Analysis: AUD/USD Flirts with New Highs on US Stimulus Hopes

The Australian Dollar is flirting with fresh multi-year highs as renewed stimulus hopes in the U.S. bolsters market sentiment. Traders look ahead to the Federal Reserve decision and Australia's job...

from DailyFX - Market News https://ift.tt/34g5X3T
via IFTTT

USD Price Outlook: US Dollar Braces for Fed Decision, PMI Data

US Dollar veered back toward two-year lows as USD price action weakened against major FX peers like the Pound, Canadian Dollar, Yen and Euro. Volatility may accelerate with PMI data and the FOMC on...

from DailyFX - Market News https://ift.tt/3r3gtVK
via IFTTT

Canadian Dollar Forecast: USD/CAD Breaks Down. Will it Fall Further?

USD/CAD fell to its lowest level since April 2018 this week amid fresh USD weakness. Devoid of major nearby support, the pair could continue lower in the weeks ahead.

from DailyFX - Market News https://ift.tt/2LEH8Z0
via IFTTT

Euro Forecast: Bull Flags Take Shape in EUR/JPY, EUR/USD Rates

Both EUR/JPY and EUR/USD rates have retained their bullish posture, even as the Euro lags its peers elsewhere.

from DailyFX - Market News https://ift.tt/3mipy9T
via IFTTT

The Basics of Technical Analysis

This beginners guide will introduce you to the basics of technical analysis, and how it can be used to trade FX.

from DailyFX - Market News https://ift.tt/3mk0EXh
via IFTTT

Bitcoin Forecast: BTC/USD Battle Between Bulls and Bears Persists

Bitcoin seeks direction after recovering prior losses

from DailyFX - Market News https://ift.tt/34fXg9M
via IFTTT

Gold Price Outlook - Stuck in a Rut Ahead of FOMC Decision

Gold has been trading sideways this week with very little reason to breakout, one way or the other. Wednesday’s FOMC meeting may be the last chance to spark a move this year.

from DailyFX - Market News https://ift.tt/34e7nf3
via IFTTT

IBEX 35, CAC 40 Forecast: Mixed Sentiment as Caution Returns but Hope Remains

Equity markets offer a mixed picture as investors remain cautious about rising infections but are hopeful about Brexit and US stimulus

from DailyFX - Market News https://ift.tt/2Wgzd65
via IFTTT

British Pound (GBP) Latest: Trending Lower, Waiting for Latest Brexit News

GBP/USD and EUR/GBP continue to fluctuate wildly, awaiting any news of an EU-UK trade deal before the Brexit implementation period draws to a close at 2300 GMT on December 31.

from DailyFX - Market News https://ift.tt/3gNg4SN
via IFTTT

EUR/USD, EUR/JPY Aiming Higher Despite Tightening Covid Restrictions

EUR/JPY and EUR/USD rates may continue to push higher in the near term despite the notable tightening of coronavirus restrictions in several European nations.

from DailyFX - Market News https://ift.tt/2Kv0vTu
via IFTTT

Crude Oil Prices at 9-Month High as Traders Eye Stimulus, Vaccine Rollout

Crude oil prices are hovering at a 9-month high despite OPEC+ warning about a slower recovery in energy demand. A weaker US Dollar, the vaccine rollout and stimulus hopes buoyed prices.

from DailyFX - Market News https://ift.tt/2LDcDTe
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3i1VY7B
via IFTTT

Dow Jones Pullback Sets A Sour Tone for Nikkei 225, ASX 200

The Dow Jones index pulled back for a second day while the Nasdaq 100 index gained 0.5% in a wake of Covid lockdowns. The Nikkei 225 and ASX 200 fell amid souring sentiment across the Asia-Pacific.

from DailyFX - Market News https://ift.tt/2Kro9Ai
via IFTTT

US Dollar Outlook Dictated by Stimulus Talks Ahead of FOMC Meeting

The US Dollar may slide lower on the back of progress in fiscal aid talks. However, the FOMC’s wait-and-see approach to monetary policy may inspire a short-term rebound.

from DailyFX - Market News https://ift.tt/34aLJbS
via IFTTT

Australian Dollar Down Despite On-Trend Chinese Economic Data

The Australian Dollar saw a modestly negative reaction to a mixed bag of Chinese economic data outcomes. AUD/USD slipped in broadly risk-off Asia-Pacific trade.

from DailyFX - Market News https://ift.tt/3mkJgSr
via IFTTT

New Zealand Dollar May Rise After Pullback as Market Mood Brightens

The New Zealand Dollar may rise after a pullback from chart resistance, buoyed by firming risk appetite. Wall Street ended Monday mixed but progress on US stimulus may now lift sentiment.

from DailyFX - Market News https://ift.tt/3qZLGcm
via IFTTT

How to Manage the Emotions of Trading

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

from DailyFX - Market News https://ift.tt/39fr3T7
via IFTTT

USD Price Outlook: US Dollar Oscillates in Effort to Form Support

The broader US Dollar dropped to a fresh two-year low early Monday, but USD price action staged a notable reversal as market sentiment and risk appetite deteriorated throughout the session.

from DailyFX - Market News https://ift.tt/3mkOldp
via IFTTT

Nasdaq 100 Price Outlook: Tech Stocks Remain Bright Spot Amid Weakness

The Nasdaq 100 reclaimed its spot as the leading US index in December, outpacing both the S&P 500 and Dow Jones thus far. The tech-heavy index trades narrowly beneath record levels as a result.

from DailyFX - Market News https://ift.tt/37jdSzu
via IFTTT

NZD/USD Clears Monthly Opening Range to Push RSI Into Overbought Zone

NZD/USD clears the opening range for December, with the advance from the monthly low (0.7006) pushing the Relative Strength Index (RSI) back into overbought territory.

from DailyFX - Market News https://ift.tt/3nlsnrN
via IFTTT

US Recession Watch, December 2020 - Yield Curve Hides Slowing Economy

The US Treasury yield curve has steepened in recent weeks (long-end rates rising faster than short-end rates), but that might not mean what you think.

from DailyFX - Market News https://ift.tt/3abHIaE
via IFTTT

Top 10 Candlestick Patterns To Trade the Markets

Discover the 10 most reliable candlestick patterns for trading the financial markets.

from DailyFX - Market News https://ift.tt/3oNUe4k
via IFTTT

Gold Price Outlook: XAUUSD Ready to Run - but Which Way?

Gold is in a precarious spot, and that can apply to both bulls and bears ahead of a big week of economic data and drivers.

from DailyFX - Market News https://ift.tt/380kTEg
via IFTTT

AUD/USD RSI Sits in Overbought Zone Ahead of Australia Jobs Report

AUD/USD may continue to carve a series of higher highs and lows as the RSI sits in overbought territory to show the bullish momentum gathering pace.

from DailyFX - Market News https://ift.tt/3mhje2c
via IFTTT

Markets Week Ahead: S&P 500, US Dollar, Fed, Stimulus, British Pound, Brexit, Gold

Will market volatility pick up heading into 2021? A rollout in the Covid vaccine is being undermined by the ongoing US fiscal stimulus gridlock. Brexit woes are taking a toll on the British Pound. ...

from DailyFX - Market News https://ift.tt/3nusrpa
via IFTTT

FX Week Ahead - Top 5 Events: Fed, BOE, & BOJ Meetings; Canadian Inflation; Australian Jobs Report

The final ‘full’ week of the year brings about the last wave of significant event risk from around the globe, including three central bank rate decisions (Fed, BOE, & BOJ).

from DailyFX - Market News https://ift.tt/3gLLiJX
via IFTTT

US Dollar Weakens Further Ahead of FOMC Meeting, USDJPY Nears Multi-Week Low

The US dollar basket is just a handful of pips away from making a fresh 32-month low ahead of Wednesday’s FOMC policy meeting

from DailyFX - Market News https://ift.tt/3mgxo3Q
via IFTTT

DAX 30 Heading Higher Despite German Lockdown, EUR/USD Unfazed by ECB

Equity markets regain bullish momentum as Brexit and US stimulus hopes are renewed

from DailyFX - Market News https://ift.tt/3gIlLS1
via IFTTT

GBP/USD Rates Buoyed by Extended Brexit Talks But Will Rally Last?

The extension of Brexit negotiations has notably buoyed the British Pound. However, the lack of meaningful progress on several key issues suggests a no-deal scenario is still a firm possibility.

from DailyFX - Market News https://ift.tt/2WpF0GN
via IFTTT

Gold Prices Trade Lower Amid Stimulus Hopes and Vaccine Rollout

The prospects of a split US stimulus package and the rollout of Pfizer’s coronavirus vaccine sent gold prices lower on Monday. A weaker USD appears to offer little support to precious metal prices.

from DailyFX - Market News https://ift.tt/3nhXDbo
via IFTTT

US Dollar Catches a Break, Will it Last? Fed, ASEAN Central Banks Due Ahead

The US Dollar caught a break after persistent losses, but will it reverse against ASEAN currencies like the Indonesian Rupiah and Philippine Peso? Keep an eye on external risks like the Fed.

from DailyFX - Market News https://ift.tt/37fF8yP
via IFTTT

S&P 500, Hang Seng Weekly Open: Vaccine Rollout and Stimulus Buoy Sentiment

An extension of the Brexit talks deadline may offer markets some relief. Pfizer’s Covid vaccine received emergency use authorization from the FDA. US fiscal stimulus, the FOMC and central bank meet...

from DailyFX - Market News https://ift.tt/2WeqbXb
via IFTTT

Natural Gas Prices May Rise on Temperature Outlook, Chart Setup

Natural Gas prices rose as colder temperatures looked likely across the southwest U.S. over the next two weeks. Near-term technical cues appear bullish but follow-through may be limited.

from DailyFX - Market News https://ift.tt/3gIK16t
via IFTTT

British Pound Jumps as UK, EU Opt to Extend Brexit Negotiations

The British Pound popped upward while the anti-risk US Dollar and Japanese Yen fell as markets cheered news that UK and EU negotiators opted to extend Brexit talks.

from DailyFX - Market News https://ift.tt/3gIgkT3
via IFTTT

Markets Week Ahead: S&P 500, US Dollar, Fed, Stimulus, British Pound, Brexit, Gold

Will market volatility pick up heading into 2021? A rollout in the Covid vaccine is being undermined by the ongoing US fiscal stimulus gridlock. Brexit woes are taking a toll on the British Pound. ...

from DailyFX - Market News https://ift.tt/3gPoQj9
via IFTTT

US Dollar Outlook Hinges on Federal Reserve Interest Rate Decision

The Federal Reserve’s last meeting for 2020 may shake up the near-term outlook for the US Dollar with the bank slated to update the Summary of Economic Projections (SEP).

from DailyFX - Market News https://ift.tt/3a7Bo4g
via IFTTT

Crude Oil Prices May Extend Gains as Investors Eye OPEC JMMC Meeting

Crude oil prices may continue to push higher on the back of positive vaccine news, a pickup in global demand and the moderate easing of OPEC+ output cuts.

from DailyFX - Market News https://ift.tt/37YjP3N
via IFTTT

GBP/USD Weekly Forecast: Sterling on High Alert for Sunday Showdown

GBP Implodes, Option Volatility Explodes. No-Deal Brexit Risks Heightened.

from DailyFX - Market News https://ift.tt/2WaQQV2
via IFTTT

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

The Dow Jones and Nasdaq 100 remain near record levels ahead of next week’s Fed meeting where slight modifications to the current framework are expected. The FTSE 100 will look to Brexit news.

from DailyFX - Market News https://ift.tt/344byu7
via IFTTT

US Dollar Outlook Hinges on Federal Reserve Interest Rate Decision

The Federal Reserve’s last meeting for 2020 may shake up the near-term outlook for the US Dollar with the bank slated to update the Summary of Economic Projections (SEP).

from DailyFX - Market News https://ift.tt/3a4hYgG
via IFTTT

Gold Price Boosted by Risk-Off Move, US Dollar May Hinder XAUUSD Rally Next Week

Gold is currently pushing ahead as financial markets take a sharp risk-off turn ahead of the weekend. Next week, the US dollar may weigh on this move.

from DailyFX - Market News https://ift.tt/2IICd8g
via IFTTT

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

European indies have entered consolidation mode after surging higher in November. After treading water for days, the DAX 30 and CAC 40 appear slightly vulnerable but the bullish trend remains intact.

from DailyFX - Market News https://ift.tt/2KdACb0
via IFTTT

Central Bank Watch: BOC, RBA, & RBNZ Interest Rate Expectations Update

Budding optimism over a global growth rebound post-pandemic is helping fuel demand for the Australian, Canadian, and New Zealand Dollars.

from DailyFX - Market News https://ift.tt/2JLorCp
via IFTTT

Gold Price Rebound Unravels Ahead of Fed’s Last Meeting for 2020

The rebound in the price of gold appears to have stalled ahead of the Federal Reserve’s last meeting for 2020 amid the failed attempt to test the 50-Day SMA ($1875).

from DailyFX - Market News https://ift.tt/39YYCJG
via IFTTT

Kiwi Dollar Price Outlook: NZD/USD Continued Rise Amid USD Weakness

The New Zealand Dollar has performed well recently against the USD as Covid vaccine rollouts cause shift towards riskier assets.�

from DailyFX - Market News https://ift.tt/37TnxMb
via IFTTT

EUR/USD May Come Under Pressure as Post-Brexit Talks Currently Look Likely to Fail

There is a likelihood that the EU and UK will fail to agree on post-Brexit trade terms, which may in turn boost the US dollar

from DailyFX - Market News https://ift.tt/340peq0
via IFTTT

FTSE MIB Forecast: Bears Creep In as Travel Restrictions Dampen Holiday Spirit

European equities head lower towards year-end as caution creeps in

from DailyFX - Market News https://ift.tt/2LvfZI1
via IFTTT

Brexit Latest: GBP/USD Slides as No-Deal Brexit Risks Increase

GBP/USD Falls to Session Lows as EU’s Von Der Leyen says No-Deal Brexit is the Most Likely Option

from DailyFX - Market News https://ift.tt/377zbnu
via IFTTT

DAX 30 May Slip Lower as Restrictions Fail to Suppress Covid-19 Cases

Germany’s benchmark DAX 30 index may slide lower in the near term as the nation’s ‘partial’ lockdown fails to suppress coronavirus infections.

from DailyFX - Market News https://ift.tt/3oGrzy3
via IFTTT

Gold Prices Struggle Despite Dollar Declines, Crude Oil Turns to US Sentiment

Gold prices struggled despite US Dollar weakness and a drop in Treasury yields, signaling underlying vulnerability. Crude oil prices gained, but momentum seems to be fading.

from DailyFX - Market News https://ift.tt/3m8PNiW
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3kyXzSh
via IFTTT

ASX 200, S&P 500 Index Forecasts: Healthy Correction Underway

The ASX 200 index is set to open mildly lower after a mixed Wall Street session despite rising iron ore prices. Crude oil prices surged to an eight-month high. Weaker US jobs data sank the US Dollar.

from DailyFX - Market News https://ift.tt/3n7R0bj
via IFTTT

Australian Dollar Hits Two Year High as Iron Ore Soars

Wall Street ended the day mixed as stimulus talks in Washington continued to drag on without a deal in sight. Meanwhile, the Australian Dollar extended its run into fresh multi-year highs as soarin...

from DailyFX - Market News https://ift.tt/3gMNKA9
via IFTTT

USD Price Outlook: US Dollar Bears Attempt Another Push

US Dollar selling pressure resumed on Thursday as USD price action pivoted toward week-to-date lows, but a weaker Pound Sterling helped alleviate some of the downside notched by the DXY Index.

from DailyFX - Market News https://ift.tt/2W6fA0k
via IFTTT

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

European indies have entered consolidation mode after surging higher in November. After treading water for days, the DAX 30 and CAC 40 appear slightly vulnerable but the bullish trend remains intact.

from DailyFX - Market News https://ift.tt/3gy4ScH
via IFTTT

Oil Price Rally Eyes March High as RSI Flirts with Overbought Zone

The price of oil approaches the March high ($48.66) as it tracks the upward trend from November, with the rally pushing the RSI towards overbought territory.

from DailyFX - Market News https://ift.tt/3a0TEvN
via IFTTT

Euro Post-ECB: EUR/USD, EUR/JPY Tangle with Big Resistance

It's an ECB day and the single currency has rallied even with the bank's stimulus announcement.

from DailyFX - Market News https://ift.tt/2W3rurS
via IFTTT

USD/CAD Forecast: Post-BoC Breakdown Keeps RSI in Oversold Zone

USD/CAD snaps the range bound price action from earlier this week, and the RSI warns of a further decline in the exchange rate as it holds in oversold territory.

from DailyFX - Market News https://ift.tt/3oEtkf9
via IFTTT

Euro Rises With ECB Delivering More Stimulus as Widely Expected

As expected, ECB delivers further stimulus, Euro edges higher.

from DailyFX - Market News https://ift.tt/373Ns4i
via IFTTT

GBP/USD - The Next Leg Lower on Negative Brexit Headlines

Sterling is falling sharply across the board as the US enters the fray on the latest round of negative Brexit headlines.

from DailyFX - Market News https://ift.tt/376aJmu
via IFTTT

Gold Price Remains Under Pressure and Looks For Guidance

Gold continues to push lower after Wednesday’s sell-off and recently supportive moving averages and Fibonacci retracements are under pressure.

from DailyFX - Market News https://ift.tt/3a08sLk
via IFTTT

Euro Latest: ECB to Focus on EUR/USD, EUR/GBP Strengthens as Brexit Hopes Diminish

European Central Bank policy meeting in focus, Brexit hopes fade with new deadline set for Sunday

from DailyFX - Market News https://ift.tt/39ZyLl0
via IFTTT

British Pound (GBP) Latest: GBP/USD Under Pressure as Brexit Endgame Nears

A post-Brexit trade deal is beginning to look increasingly unlikely as significant gaps remain between the two sides.

from DailyFX - Market News https://ift.tt/2K7ZRv9
via IFTTT

Crude Oil Prices Seesaw on Iraq Oil Well Attack, US Inventory Surge

Crude oil prices seesawed on news of an attack on two Iraqi oil fields and a shockingly large US inventory surge. The chart setup warns that a downturn may be ahead.

from DailyFX - Market News https://ift.tt/37U3ddg
via IFTTT

S&P 500, Dow Jones Hinge On Stimulus Talks as Covid-19 Cases Surge

The S&P 500 and Dow Jones could be at risk of a more extended pullback as the absence of a much-needed fiscal support package, and climbing Covid-19 case numbers, weigh on sentiment.

from DailyFX - Market News https://ift.tt/3mZsQjk
via IFTTT

Copper Price Forecast: Chinese Demand, Weak USD May Lift the Red Metal into 2021

Copper prices are postured for the first weekly loss since October after the red metal rallied to its highest point since early 2013. The fundamental backdrop appears to support higher highs ahead,...

from DailyFX - Market News https://ift.tt/3m4oWVc
via IFTTT

Nasdaq 100 Falls Most In a Month, Nikkei 225 and Hang Seng May Drop

The Nasdaq 100 index tumbled over 2% as the US stimulus package appeared to have stalled whereas Covid vaccines are on course to be rolled out. Asia-Pacific markets are poised for a pullback.

from DailyFX - Market News https://ift.tt/3gDqXGH
via IFTTT

British Pound Outlook: GBP/NZD, GBP/AUD React to Brexit Dilemma

The British Pound treaded lower following news that UK Prime Minister Johnson and EU Commission President Ursula von der Leyen failed to make significant headway during dinner in Brussels. GBP/NZD ...

from DailyFX - Market News https://ift.tt/3oDlNx7
via IFTTT

USD Price Outlook: US Dollar Volatility to Take Cue from EUR & GBP

USD price action traded mixed throughout Wednesday with the DXY Index gaining a mere 0.1% on balance as the US Dollar strengthened against the Euro but weakened relative to the Pound Sterling.

from DailyFX - Market News https://ift.tt/39YvG4G
via IFTTT

Brexit Latest: GBP/JPY, GBP/USD Rates Pin Breakout Hopes on Brexit Deal

The EU-UK leadership tandem agreed to keep negotiating until Sunday, December 13, at which point a “decision” will be made.

from DailyFX - Market News https://ift.tt/372peaF
via IFTTT

Bitcoin Price Forecast: BTC/USD Slips to Monthly Low, Seeks Support

Bitcoin fell beneath $18,000 for the first time since late November and tagged a new low for December in the process. While the technical outlook remains encouraging, risks to the rally have grown.

from DailyFX - Market News https://ift.tt/3m4ogPo
via IFTTT

NZD/USD Rate Approaches Monthly Low as RSI Sell Signal Emerges

NZD/USD approaches the monthly low (0.7006) as the RSI falls back from overbought territory, with the indicator offering a textbook sell signal.

from DailyFX - Market News https://ift.tt/3qELsHE
via IFTTT

USD/ZAR Price Analysis: Rand Soars After Q3 GDP Beats Estimates

USD/ZAR Breaks below key level of support following positive GDP Figures

from DailyFX - Market News https://ift.tt/37HzLqQ
via IFTTT

Euro Rate Forecast: Retracing Gains Ahead of ECB Meeting - Levels for EUR/USD, EUR/JPY Rates

The Euro continues to give back some of its recent rally, but key technical levels suggesting that the bullish breakout attempts have failed have not been triggered.

from DailyFX - Market News https://ift.tt/39XiVY2
via IFTTT

Canadian Dollar Outlook: USD/CAD Slides on BoC Rate Decision

USD/CAD price action drops to fresh session lows as the Canadian Dollar strengthens in immediate response to the latest Bank of Canada interest rate decision.

from DailyFX - Market News https://ift.tt/2K51fyE
via IFTTT

Gold Price Outlook Mired by Failed Attempt to Test 50-Day SMA

The rebound in the price of gold appears to have stalled ahead of the 50-Day SMA ($1878) as bullion pulls back from a fresh monthly high ($1875).

from DailyFX - Market News https://ift.tt/3guCYOv
via IFTTT

AUD/USD Upside Persists, NZD/USD Remains Overbought

The two tedious and neverending narratives regarding Brexit and US fiscal stimulus talks continue to dictate sentiment

from DailyFX - Market News https://ift.tt/3m3Sxhk
via IFTTT

USD/JPY Forecast: Yen Consolidates within Bearish Rectangle Pattern

As we close out 2020, will the USD/JPY pair continue to consolidate or breakout of the rectangle pattern?

from DailyFX - Market News https://ift.tt/33YVtWi
via IFTTT

FTSE 100, IBEX 35 Forecasts: Brexit Talks, ECB Meeting in Focus

European equities regain buyer support as key events take place this week

from DailyFX - Market News https://ift.tt/3gq03C8
via IFTTT

British Pound (GBP) Latest: Brexit Talks go to Brussels, GBP/USD Pushes Higher

GBP/USD has recovered nearly all of this week’s losses and is back above 1.3400 again as UK PM Boris Johnson and EU Commission President Ursula von der Leyen meet later in Brussels.

from DailyFX - Market News https://ift.tt/3qFdjYi
via IFTTT

Canadian Dollar Outlook: Wait-and-See BoC May Fuel CAD Upside

The Canadian Dollar may continue to outperform its haven-associated counterparts as investors eye the Bank of Canada’s upcoming monetary policy meeting.

from DailyFX - Market News https://ift.tt/3lXLLtx
via IFTTT

Gold Prices May Struggle Despite Chart Break if US Yields Rise

Gold prices edged past chart resistance, seemingly opening the door for a rise back above the $1900/oz figure. Upside progress may be difficult if bond yields rise however.

from DailyFX - Market News https://ift.tt/39SVP4L
via IFTTT

Swiss Franc Analysis: CHF/JPY, CAD/CHF, NZD/CHF Key Chart Setups

The Swiss Franc's technical posture appears to be reaching a decisive momentagainst the Japanese Yen, Canadian Dollar, and New Zealand Dollar.

from DailyFX - Market News https://ift.tt/3gsmSoB
via IFTTT

Core-Perimeter Trading Model: US, Eurozone & China

The Core-Perimeter framework allows traders to understand the macro-fundamental interactions between powerhouse economies and their perimeter counterparts, offering valuable insight on how to trade...

from DailyFX - Market News https://ift.tt/3fEuFhs
via IFTTT

Nasdaq 100, S&P 500 Hit New Highs on Bipartisan Stimulus Bets. ASX 200 to Rise?

The Nasdaq 100 and S&P 500 hit new highs as policymakers inched closer to a bipartisan stimulus deal ahead of a vaccine rollout. APAC equities may rise, but ASX 200 momentum is fading.

from DailyFX - Market News https://ift.tt/2JPZRjJ
via IFTTT

EUR/USD Rates May Dismiss ECB Easing and Extend Push to Yearly Highs

The Euro appears poised to continue pushing higher in the near term despite the prospect of further monetary policy easing from the ECB at its upcoming December meeting.

from DailyFX - Market News https://ift.tt/3oyhyD4
via IFTTT

New Zealand Dollar Forecast: NZD/USD May Pause Before Eyeing New Highs

US indices pushed higher Tuesday following positive news on Capitol Hill surrounding stimulus talks between lawmakers. Despite the risk-on market tilt, NZD/USD is struggling to advance beyond multi...

from DailyFX - Market News https://ift.tt/39SZAXO
via IFTTT

USD Price Outlook: US Dollar Selling Subsides - Levels to Watch

USD price action edged higher across the board during Tuesday's trading session as US Dollar selling pressure subsides. What might be in store for the DXY Index ahead?

from DailyFX - Market News https://ift.tt/3oDdjGa
via IFTTT

AUD/USD Rate Outlook Hinges on Looming RSI Signal

AUD/USD consolidates after trading to a fresh yearly high (0.7454), RSI may show the bullish momentum gathering pace as it flirts with overbought territory.

from DailyFX - Market News https://ift.tt/2Ll2lqH
via IFTTT

Australian Dollar Forecast: AUD/USD Looks to Extend Gains Above 0.74

AUD/USD may look to continue higher as USD weakness seems to persist across the board and the Australian Dollar enjoys gains from a recovering global economy. What can stop it?

from DailyFX - Market News https://ift.tt/2JYHuZz
via IFTTT

Silver Price Forecast: XAG/USD Remains at the Mercy of Risk Sentiment

The potential for additional fiscal stimulus drives price action into triangle formation.

from DailyFX - Market News https://ift.tt/2K7OQK8
via IFTTT

Swiss Franc Attracts Speculators as Brexit Concerns Hamper GBP/CHF, EUR/CHF Rates

The Swiss Franc has attracted capital flows during the Brexit saga whenever it appears more likely that a ‘no deal, hard Brexit’ will take place.

from DailyFX - Market News https://ift.tt/3ouc4ZS
via IFTTT

EUR/USD Analysis: RSI Holds in Overbought Zone Ahead of ECB Meeting

The technical outlook for EUR/USD remains constructive as the RSI continues to track the upward trend established in November and holds in overbought territory.

from DailyFX - Market News https://ift.tt/2VS2Lqx
via IFTTT

DAX Price Outlook: Germany 30 Index Showing Signs of Fatigue

The DAX failed to break above the September high and now multiple indicators suggest a short-term retracement may be on the cards�

from DailyFX - Market News https://ift.tt/36W4r8T
via IFTTT

Market Sentiment Neutral but Nasdaq, Copper, Iron Ore Trending Higher | Webinar

Trader confidence is being pulled one way then the other, leading to largely static markets. However, trending assets can still be found, including US tech stocks and several commodities.

from DailyFX - Market News https://ift.tt/37JxJql
via IFTTT

FX Week Ahead - Top 5 Events: Brexit, BOC & ECB Meetings, Mexican & US Inflation

The second week of December brings about significant event risk from around the globe, including two central bank rate decisions and a potential conclusion to the Brexit saga.

from DailyFX - Market News https://ift.tt/3qDZppq
via IFTTT

USDCAD Price Outlook - Canadian Dollar Remains Firm Ahead of BoC Policy Announcement

The Canadian dollar remains buoyed against the US dollar and the pair may get another shot in the arm from Wednesday’s Bank of Canada policy announcement.

from DailyFX - Market News https://ift.tt/2Iuet7K
via IFTTT

Euro Latest: EUR/USD Risks Balanced, EUR/JPY Challenges Key Trendline

EUR/USD risks more balanced, pullbacks to find dip buyers. EUR/JPY challenges multi-year resistance.

from DailyFX - Market News https://ift.tt/2JZBnnO
via IFTTT

British Pound (GBP) Latest: GBP/USD Downside Risk as EU-UK Leaders Meet

Boris Johnson and Ursula von der Leyen are to meet to try and thrash out a post-Brexit EU-UK trade deal but Sterling traders may be underestimating the chances that the talks could fail.

from DailyFX - Market News https://ift.tt/3lUwIkp
via IFTTT

Nasdaq 100 Aiming Higher On Fiscal Aid Talks Despite Covid-19 Surge

The tech-heavy Nasdaq 100 index could be at risk of a short-term pullback as rising coronavirus case numbers weigh on market sentiment. However, fiscal aid talks may limit the index’s potential dow...

from DailyFX - Market News https://ift.tt/2VTpwuh
via IFTTT

US Dollar Vulnerable as SGD, INR Gain with Emerging Markets. What are Risks?

The US Dollar sank, with the Singapore Dollar and Indian Rupee rising. Emerging markets eye external risk as the first vaccine dose is circulated. With stocks at new highs, could profit-taking shak...

from DailyFX - Market News https://ift.tt/3lUx5LG
via IFTTT

Crude Oil Price Forecast: MACD Death Cross Signals a Deeper Pullback

Crude oil prices declined for a second day amid fears of a post-Thanksgiving viral resurgence which may dampen the demand outlook. Traders expect a 1-million-barrel draw from US crude inventories.

from DailyFX - Market News https://ift.tt/34a8a0T
via IFTTT

Natural Gas Prices May Fall Further on Warmer Weather, Technical Outlook

Natural gas prices may see further losses despite a perch above chart support after falling last week as NOAA called for warmer temperatures.

from DailyFX - Market News https://ift.tt/37MdFn5
via IFTTT

Dow Jones Pullback Sets A Sour Tone for Nikkei 225, Straits Times Index

The Dow Jones and S&P 500 index pulled back from record highs while the Nasdaq registered a small gain amid a post-Thanksgiving viral resurgence. Singapore’s stock market saw institutional inflow s...

from DailyFX - Market News https://ift.tt/2VQbp91
via IFTTT

Australian Dollar Outlook: AUD/USD, AUD/NZD Aim Lower on Sentiment, Technicals

US equities mostlytraded lower to start the week as fears crept back into markets over rising Covid-19 cases. Meanwhile, the Australian Dollar appears prone to further losses and AUD/NZD has formed...

from DailyFX - Market News https://ift.tt/2VOFZQa
via IFTTT

FX Week Ahead: December BOC Rate Decision and USD/CAD Rate Forecast

The December Bank of Canada rate decision will conclude on Wednesday, December 9 at 15:00 GMT.

from DailyFX - Market News https://ift.tt/3oxNEyG
via IFTTT

Nasdaq 100 Outpaces Dow Jones, S&P 500. Has The Rotation Ended?

The Nasdaq 100 enjoyed a return to form to start the week, outpacing the Dow Jones and S&P 500 as technology stocks showed signs of strength. Does this mark the end of the rotation trade?

from DailyFX - Market News https://ift.tt/2VRBNiW
via IFTTT

FX Week Ahead: November Mexican Inflation & USD/MXN Rate Forecast

The November Mexican inflation (CPI) report will be released on Wednesday, December 9 at 13:00 GMT.

from DailyFX - Market News https://ift.tt/36V7rlY
via IFTTT

FX Week Ahead - Top 5 Events: Brexit Deal Deadline & EUR/GBP Rate Forecast

Will a Brexit deal be reached? EUR/GBP rates don’t seem to think so. But any outcome is still possible as UK PM Johnson heads to Brussels.

from DailyFX - Market News https://ift.tt/3orIPH6
via IFTTT

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?

from DailyFX - Market News https://ift.tt/3m7SXUN
via IFTTT

Moving Average (MA) Explained for Traders

The Moving Average is a popular indicator for identifying trends. Learn how to use and interpret MA.

from DailyFX - Market News https://ift.tt/2VP0mNf
via IFTTT

Euro Rally Pauses as Brexit Lingers - Outlook Remains Bullish for EUR/USD, EUR/JPY Rates

The Euro rally has paused, but a small setback may not mean the bullish breakout attempts are finished.

from DailyFX - Market News https://ift.tt/37MMclz
via IFTTT

How to Read a Candlestick Chart

Learn how to read and interpret candlestick charts for day trading, with top strategies and tips.

from DailyFX - Market News https://ift.tt/3qAG5Jo
via IFTTT

Gold Price Forecast: Gold Bulls on the Bid, XAU Rallies to Resistance

Gold put in a strong pop this morning, giving rise to the thought that buyers might be getting back in control to push the longer-term bullish cycle.

from DailyFX - Market News https://ift.tt/3qLAHDA
via IFTTT

USD/CAD Rate Rebound Vulnerable as RSI Sits in Oversold Territory

USD/CAD may extend the series of lower highs and lows from the start of the month as the RSI sits in oversold territory for the first time since June.

from DailyFX - Market News https://ift.tt/3lMvDek
via IFTTT

Markets Week Ahead: GBP/USD, Brexit, EUR/USD, ECB, Dow Jones, Vaccine Doses

Market sentiment improved as the Nasdaq Composite, Dow Jones climbed. Investors are looking forward to Covid relief bills from the US as the world heads for its first vaccine doses. EUR/USD awaits ...

from DailyFX - Market News https://ift.tt/3gjsOAc
via IFTTT

USD/ZAR Outlook: Rand Anticipates Positive South African Q3 GDP Data

Tomorrows SA Q3 GDP data could carry the Rand toward a green December with a significant economic rebound.

from DailyFX - Market News https://ift.tt/2K00lmR
via IFTTT

DAX 30 Lacks Bullish Momentum, EUR/USD Buyers Eyeing Pullbacks

Equity markets struggle to keep bullish momentum as vaccine enthusiasm gives way to political uncertainty

from DailyFX - Market News https://ift.tt/33PSgbE
via IFTTT

Ripple (XRP) Setting Up for a Breakout as Bullish Pennant Forms

Ripple has consolidated its recent gains and is now looking at pressing further ahead if a bullish technical pattern holds true.

from DailyFX - Market News https://ift.tt/3lRCvar
via IFTTT

Sterling (GBP) Continues to Crumble as EU/UK Brexit Talks Hit a Roadblock

GBP/USD is down nearly two cents in early turnover on a raft of negative Brexit trade talk headlines.

from DailyFX - Market News https://ift.tt/3gnLwGX
via IFTTT

British Pound Outlook: No-Deal Brexit Fears to Undermine GBP/USD

The politically-sensitive British Pound could be at risk of extended losses as a no-deal Brexit scenario becomes increasingly likely.

from DailyFX - Market News https://ift.tt/3mLe27T
via IFTTT

Gold Prices Buoyed By Weaker Dollar, Challenging Key Chart Resistance

A weaker US Dollar appears to be buoying gold prices since last week, pushing bullion to challenge chart resistance. Breaking higher could pave way for further upside potential.

from DailyFX - Market News https://ift.tt/37JSG4z
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3iCCIfQ
via IFTTT

US Dollar Vulnerable as SGD, INR Gain with Emerging Markets. What are Risks?

The US Dollar sank, with the Singapore Dollar and Indian Rupee rising. Emerging markets eye external risk as the first vaccine dose is circulated. With stocks at new highs, could profit-taking shak...

from DailyFX - Market News https://ift.tt/2VMABNG
via IFTTT

Natural Gas Prices May Fall Further on Warmer Weather, Technical Outlook

Natural gas prices may see further losses despite a perch above chart support after falling last week as NOAA called for warmer temperatures.

from DailyFX - Market News https://ift.tt/39PvBQy
via IFTTT

Australian Dollar Aims Higher Despite Mixed Response to China Trade Data

The Australian Dollar may be at risk of a short-term pullback against its major counterparts after dismissing robust trade data out of China, the nation’s largest trading partner.

from DailyFX - Market News https://ift.tt/2VImrgs
via IFTTT

British Pound at Risk on Brexit Impasse, Yen Up as Market Mood Sours

The British Pound is wobbly amid worries about a last-ditch Brexit deal. The Yen as up as markets fret about soft US jobs growth and escalating tensions with China.

from DailyFX - Market News https://ift.tt/39PsJTM
via IFTTT

Dow Jones, Hang Seng Weekly Open: Edging Higher with Fading Momentum

Asia-Pacific markets attempted to digest mixed macro data and vaccine news after major US stock indices closed at their record highs. A disappointing nonfarm payroll report reignited hopes for poli...

from DailyFX - Market News https://ift.tt/33LlzvW
via IFTTT

Markets Week Ahead: GBP/USD, Brexit, EUR/USD, ECB, Dow Jones, Vaccine Doses

Market sentiment improved as the Nasdaq Composite, Dow Jones climbed. Investors are looking forward to Covid relief bills from the US as the world heads for its first vaccine doses. EUR/USD awaits ...

from DailyFX - Market News https://ift.tt/3opHoJt
via IFTTT

S&P 500 May Be Vulnerable To a Pullback if the US Dollar Rebounds

The S&P 500 index exhibited a strong negative correlation with the US Dollar over the past 12 months. A potential rebound in the US Dollar may derail stock markets’ upward trajectory.

from DailyFX - Market News https://ift.tt/3gj8ajC
via IFTTT

USD/MXN Forecast: Bearish Case is Weakening as Peso Strength Might Become an Issue

USD/MXN stalls above key support as Bearish Pressure Seems to Recoil Slightly

from DailyFX - Market News https://ift.tt/2VFnqhq
via IFTTT

Weekly Fundamental Gold Price Forecast: Can You Trust The Rebound in XAU/USD?

Gold prices in USD-terms have rallied sharply this week, but gold’s gains lagged elsewhere. Thanks in part to US stimulus talks, US Dollar weakness is masking gold’s own bearish underlying fundamen...

from DailyFX - Market News https://ift.tt/33OcIcR
via IFTTT

US Dollar Weekly Outlook: In One Word - Frail

The US dollar is unloved, oversold and at lows last seen over 30-months ago. At the moment there seems to be very little reason to buy the greenback

from DailyFX - Market News https://ift.tt/2VEmpWK
via IFTTT

Euro Forecast: EUR/USD Consolidation Due as ECB and EU Leaders Meet

After the recent strength of EUR/USD, a period of consolidation is likely ahead of two critical meetings: of the European Central Bank and the European Council.

from DailyFX - Market News https://ift.tt/2VGt3Mg
via IFTTT

Australian Dollar May Extend Gains Despite Escalating China Trade Tensions

The Australian Dollar may dismiss escalating trade tensions with China and continue moving higher as the easing of coronavirus restrictions accelerates the nation’s economic recovery.

from DailyFX - Market News https://ift.tt/2VBq1Jc
via IFTTT

US Dollar Steadies After Disappointing November US Jobs Report

The disappointing US labor market data has boosted speculation that US Congressional leaders will finally agree to another tranche of fiscal stimulus.

from DailyFX - Market News https://ift.tt/33MWsc9
via IFTTT

South African Rand Dollar Forecast: USD/ZAR Stands Firm as Risk-On Sentiment Prevails

The Rand stands strong against the USD as an increase in risk appetite weighs on the Dollar

from DailyFX - Market News https://ift.tt/3gdcFws
via IFTTT

GBP/USD Weekly Forecast: Is a Brexit Breakthrough Imminent?

GBP/USD breaks to fresh YTD highs to hit 1.35 as markets price in a Brexit. Markets remain on tenterhooks.

from DailyFX - Market News https://ift.tt/33M4AcT
via IFTTT

EUR/USD Outlook Unfazed by NFP Report as RSI Sits in Overbought Zone

The EUR/USD rally appears to be unfazed by the NFP report, with the RSI sitting in oversold territory for the first time since August.

from DailyFX - Market News https://ift.tt/39EdFs5
via IFTTT

US Dollar Whipsaws on Soft Non-Farm Payrolls Report

Softer NFP report reaffirms case for fresh fiscal stimulus, while Fed is expected to tinker bond purchases.

from DailyFX - Market News https://ift.tt/39JeZK3
via IFTTT

Canadian Jobs Report Beats Expectations

November's Employment Change prints at 62k vs. forecast of 20k, Unemployment Rate falls to 8.5% vs. forecast of 8.9%.

from DailyFX - Market News https://ift.tt/39JiBMq
via IFTTT

Sterling Latest: GBP/USD Prepares for Brexit and NFP Event Double

GBP/USD has given back most of Thursday’s gains and is now preparing for a US non-farm payroll and Brexit endgame double.

from DailyFX - Market News https://ift.tt/3g8qlso
via IFTTT

FTSE Mid 250, IBEX 35, CAC 40 Forecasts: Bullish Momentum Stalls

Vaccine and Brexit news continue to be the dominating themes in European equity markets

from DailyFX - Market News https://ift.tt/3mIdAXX
via IFTTT

EU Stoxx 50 Index at Risk on Vaccine Hiccup, ECB Tempering Expectations

Europe’s benchmark EU Stoxx 50 index could be at risk of a near-term pullback as Pfizer slashes its vaccine production targets and the ECB tempers easing expectations.

from DailyFX - Market News https://ift.tt/3lCXMEr
via IFTTT

Gold Prices Turned? Crude Oil Looking to Extend Gains After OPEC+ Deal

Gold prices confirmed a break above a wedge, looking to extend gains as US non-farm payrolls near. Crude oil surged after an OPEC+ output deal, supported by signals in moving averages.

from DailyFX - Market News https://ift.tt/36F2gqc
via IFTTT

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?

from DailyFX - Market News https://ift.tt/33dTjST
via IFTTT

Nikkei 225, ASX 200 Hover At Recent Highs Ahead of Nonfarm Payroll

Asia-Pacific stocks whipsawed near their recent highs on mixed sentiment. Congress moved closer to strike a stimulus package, while Pfizer slashed its vaccine distribution forecast for this year.

from DailyFX - Market News https://ift.tt/3ogbQWe
via IFTTT

Australian Dollar Outlook: AUD/USD May Rise, Overbought Conditions Eyed

Sentiment continued to lift across markets, pushing AUD/USD to fresh multi-year highs in the New York trading session. Meanwhile, the US Dollar's downward spiral intensified. A lack of data prints ...

from DailyFX - Market News https://ift.tt/2VGJwQt
via IFTTT

Dow Jones Forecast for the Week Ahead

The Dow Jones enjoyed an almost parabolic climb in November which has since transitioned into a pattern of consolidation. With a largely constant fundamental landscape, technical levels might offer...

from DailyFX - Market News https://ift.tt/36DuLVe
via IFTTT