FX Week Ahead: November Canada Jobs Report & USD/CAD Rate Forecast

The November Canada employment change and unemployment rate are due out on Friday, December 4, at 13:30 GMT.

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Gold Price Rebound Brings Former Support Zone on Radar

The price of gold faces a key test as the rebound from the November low ($1765) pushes the precious metal up against a former support zone.

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Japanese Yen Outlook: USD/JPY Bias Remains Lower, Key Support Eyed

USD/JPY bias remains lower, however, US yield rise offsets short-term pullback .

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South African Rand Outlook: Falling Wedge Keeps USD/ZAR Bulls Hopeful

The Rand rally may be overextended as technical and fundamental factors align against the local currency.

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XAU/USD Set Up for V-Shaped Recovery, Fibonacci Levels Offer Resistance

Gold has staged a quick price reversal after bouncing off 5-month lows but bearish pressure is still present

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FTSE 100 Eyes a Fresh Six-Month High as Confidence Returns

The FTSE 100 is setting up to trade at its best level since early-June as the recent Covid-19 vaccination announcement gives the UK big board a shot in the arm.

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British Pound (GBP) Latest: GBP/USD Waiting for Outcome of EU-UK Trade Talks

GBP/USD will continue to be pummeled by headlines suggesting progress, or the lack of it, in the continuing EU-UK talks on their post-Brexit relationship.

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Crude Oil Prices May Rise on OPEC+ Deal, Lasting Gains Are Suspect

Crude oil prices may rise if OPEC+ officials agree on a deal to slow-walk oncoming output increases due in 2021, but any gains might be fleeing as Covid-19 keeps demand soft.

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S&P 500 Index Outlook: RSI Divergence Hints at Pullback Ahead of NFP

The S&P 500 index could be at risk of a near-term pullback ahead of Friday’s Non-Farm Payrolls report as RSI divergence and fading volume hints at a rally running out of steam.

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Copper Price May Rise Further on Stimulus-Driven Chinese Growth

Copper prices continue to push further into multi-year highs as the red metal enjoys robust demand from China. Along with a bullish outlook driven by stimulus measures, the green energy push may li...

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Dow Jones Rises on Stimulus Hopes, Chinese Firms Face US Delisting Threat

Asia-Pacific stocks opened in mixed tone after Wall Street equities flipped higher on renewed stimulus hopes. The House approved a bill that may threat the listing of Chinese firms on US exchanges.

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AUD/NZD Bounces but Incoming Death Cross May Keep Outlook Bearish

AUD/NZD saw bullish inflows following a small lift in sentiment. However, an incoming long-term bearish signal may doom the cross if the current downward path holds. Traders will look at China Caix...

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Gold Price Forecast: Bullish Outlook in Question After Key Technical Break

The outlook for gold prices has fallen into question after the precious metal suffered a break beneath critical support. Can bulls revive the yellow metal or will XAU/USD continue to fall further?

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Oil Price Tracks Upward Trend as US Crude Output Holds Steady

The price of oil continues to track the upward trend established in November as US crude output sits at its lowest level since 2018.

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US Dollar Drops on Fiscal Stimulus Talks - Range Breakout Guiding DXY Index Price Action

The US Dollar (via the DXY Index) has hit fresh lows amid the latest headlines around US fiscal stimulus talks.

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S&P, Nasdaq Posture at All-Time-Highs: What's Holding Them Back?

Equities have ripped for much of the year but now with news of covid vaccines on the way, stocks have started to stall.

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Lending Facilities the Focus on Day Two of Powell, Mnuchin Testimony

Powell and Mnuchin returned to Congress to testify to the House Financial Services Committee, where the planned end of year termination of certain emergency lending facilities remained in the spotl...

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USD/CAD Rate Trades to Fresh Yearly Low as RSI Tracks Downward Trend

Key market trends may keep USD/CAD under pressure as the RSI continues to track the downward trend established in November.

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Sterling (GBP) Hit Further as EU Hardline Countries Push for a No Deal

Sterling is taking a secondary hit Wednesday after reports emerged that France and other hardline countries are pushing for a no-deal if the UK refuses to move its negotiating position

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S&P 500 Outlook: Topside Challenges and Downside Risks

Following the strongest monthly performance since April, the S&P 500 has gotten off to a strong start to December

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