Crude Oil, Gold Prices May Fall on US Retail Sales and Sentiment Data

Crude oil prices trimmed losses on rising US stimulus bets. However, WTI and gold prices may fall on disappointing retail sales and consumer sentiment figures as the week concludes.

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Dow Jones Rebounds on Stimulus Hopes, Nikkei 225 May Lead Asia Lower

Wall Street stocks had a ‘V-shaped’ rebound after President Trump called to push through the fiscal stimulus. US jobless claim data disappointed. Japanese stocks may trade lower.

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USD/CAD Extends Rebound Following Bullish Outside Day Price Formation

USD/CAD extends the rebound from the monthly low (1.3099) after carving a bullish outside day (engulfing) candle formation earlier this week.

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AUD/USD Dips on Traders Recalibrating Fiscal Stimulus Risks. Biden Leads in Polls

AUD/USD may continue to decline as traders reassess the risks of a delayed fiscal stimulus package amid a spike in Covid-19 cases. Biden continues to lead in the polls.

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ASX 200 Price Forecast: Aussie Index Tags Resistance, Will it Rally?

The ASX 200 has been rangebound since early June, but has approached the topside of its range and threatens a bullish break out. Can bulls press higher or will resistance prevail yet again?

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Copper Price Forecast: Will Chinese GDP Push Copper to New Highs?

While supply-side disruptions have eased, copper prices continue near multi-year highs and upcoming Chinese GDP data could give copper bulls fuel to push higher

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S&P 500 Bolstered by VIX Compression as Election Fear Fades

S&P 500 price action has gravitated lower over recent trading sessions as stocks slide due to reduced fiscal stimulus optimism, but fading election fears might support the broader equity index.

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

It looks increasingly like that the RBNZ will move to negative interest rates in 2021. Meanwhile, the RBA may be ready to move again this year.

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British Pound Price Forecast: GBP/USD, GBP/JPY, EUR/GBP

GBP/USD may be brewing up a bear flag formation but nonetheless, there may be greener pastures elsewhere for GBP traders.

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How Will Markets React to the 2020 Election?

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

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Euro Dollar Forecast: EUR/USD Confined to Fibonacci Support Amid Economic Woes

EUR/USD tests Fibonacci Support as a Bearish flag formation threatens bulls

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Mexican Peso Outlook - US Dollar Strength Driving USD/MXN Higher

A resurgent US dollar is supporting a move higher in USD/MXN and a fresh two-month peak is not out of the question if bullish USD sentiment remains.

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DAX, S&P 500 Forecast: Resurgence in COVID Cases Fuels Sell Off

A sea of red across equity markets as resurgence in COVID cases prompt renewed lockdown measures.

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British Pound (GBP) Latest: EU Leaders' Meeting to Determine Next Move in GBP/USD, FTSE

EU leaders start a two-day European Council meeting today, with the EU-UK relationship post-Brexit on the agenda. The outcome will likely determine the next big moves in GBP/USD and the FTSE 100.

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US Dollar Outlook: DXY Struggles as Fed Calls for Fiscal Stimulus

The US Dollar Index (DXY) could rebound on disappointing US jobless claims data as the Federal Reserve pleads for additional fiscal support.

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Gold Prices May Rise as Trump, Biden Talk Up Stimulus

Gold prices may rise while the US Dollar falls as US President Donald Trump and former Vice President Joe Biden talk up their fiscal stimulus plans.

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EUR/USD Rebound Takes Shape Amid Failure to Test Monthly Low

EUR/USD may continue to retrace the decline from the yearly high (1.2011) as the exchange rate appears to be reversing course ahead of the monthly low (1.1696).

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Bitcoin Outlook Buoyed by Inflation Expectations, Biden Lead

Bitcoin prices may continue to track higher on the back of Democratic presidential nominee Joe Biden’s lead in the polls and rising inflation expectations.

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S&P 500 Falls With Stimulus Hopes, ASX 200 Gains as RBA Touts Easing

Wall Street stocks fell a second day on stalling fiscal stimulus efforts, which overshadowed strong corporate earnings. Australia’s ASX 200 index surged after the RBA hinted at more easings.

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British Pound (GBP) Latest: GBP/USD Easing Further After Tuesday's Losses

GBP/USD is extending its Tuesday losses caused largely by stalled vaccine trials and a lack of agreement on a US stimulus package that have both helped lift the safe-haven US Dollar.

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