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Thursday, 3 December 2020

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

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The November Canada employment change and unemployment rate are due out on Friday, December 4, at 13:30 GMT. from DailyFX - Market News ht...

Gold Price Rebound Brings Former Support Zone on Radar

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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. ...

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

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USD/JPY bias remains lower, however, US yield rise offsets short-term pullback . from DailyFX - Market News https://ift.tt/39PVNL5 via IF...

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

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The Rand rally may be overextended as technical and fundamental factors align against the local currency. from DailyFX - Market News https...

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

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Gold has staged a quick price reversal after bouncing off 5-month lows but bearish pressure is still present from DailyFX - Market News ht...

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

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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 boar...

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

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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...

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

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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 flee...

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

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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 volum...
Wednesday, 2 December 2020

Copper Price May Rise Further on Stimulus-Driven Chinese Growth

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Copper prices continue to push further into multi-year highs as the red metal enjoys robust demand from China. Along with a bullish outlook ...

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

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Asia-Pacific stocks opened in mixed tone after Wall Street equities flipped higher on renewed stimulus hopes. The House approved a bill that...

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

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AUD/NZD saw bullish inflows following a small lift in sentiment. However, an incoming long-term bearish signal may doom the cross if the cur...

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

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The outlook for gold prices has fallen into question after the precious metal suffered a break beneath critical support. Can bulls revive th...

Oil Price Tracks Upward Trend as US Crude Output Holds Steady

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

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

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

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

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

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

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Powell and Mnuchin returned to Congress to testify to the House Financial Services Committee, where the planned end of year termination of c...

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

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

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

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Sterling is taking a secondary hit Wednesday after reports emerged that France and other hardline countries are pushing for a no-deal if the...

S&P 500 Outlook: Topside Challenges and Downside Risks

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