A potential coronavirus vaccine sent stocks and other risk assets soaring on Monday, pioneered by an unusual leader in the Dow Jones. Will a vaccine strengthen the Dow Jones further?
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Monday, 9 November 2020
Gold Price Forecast: XAU Slammed to Support on Covid Vaccine News
When good news goes wrong, at least for Gold bulls, as the yellow metal is down approximately 5% after positive developments for a Covid vaccine.
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USD/JPY Price Analysis: USDJPY Rockets Higher after Vaccine Optimism
USD/JPY experienced a large surge in price after Pfizer announced positive results relating to their Covid-19 vaccine
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Canadian Dollar Outlook: USD/CAD Swoons as Crude Oil Price Surges
USD/CAD price action plummeted to fresh yearly lows this morning as the Canadian Dollar surges with crude oil in response to encouraging coronavirus vaccine headlines.
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US Presidential Election Impact on Markets: Initial Reaction
It appears that Democrat Joe Biden will be the next president of the United States. What does this mean for financial markets?
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Markets Week Ahead: Dow Jones, Gold, US Dollar, US Election Aftermath, Where to?
The Dow Jones, S&P 500 and Nasdaq 100 soared the most since early April as Joe Biden took the lead in the US election. The US Dollar sank and gold prices rallied. Uncertainties remain however as mo...
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Weekly Crude Oil Technical Forecast: Rangebound and Down
Crude oil prices continue to chop around in a mostly sideways range.
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Coronavirus Vaccine: Pfizer says COVID Vaccine is More Than 90% Effective, S&P 500 Spikes
Risk appetite soars as Pfizer announces initial COVID vaccine results.
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FTSE 100 Rallying Into Overbought Territory, Client Sentiment is Mixed
The FTSE 100 is pushing back above 6,000 for the first time in nearly one-month as global equity markets remain firmly bid.
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Sunday, 8 November 2020
British Pound Outlook: Looming Brexit Deadline May Weigh on GBP/USD
The British Pound may slide lower in the coming days on the lack of progress in Brexit negotiations ahead of the proposed deadline on November 15.
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Crude Oil Prices Walk a Tightrope on Biden Victory, Falling USD
WTI crude oil prices traded higher Monday amid favorable risk sentiment on a Biden-win election outcome and a weaker US Dollar. The outlook for demand remained a major drag to energy prices however.
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US Dollar Sank on Biden Election Lead, Capital to Flow into Emerging Markets?
The US Dollar tumbled against ASEAN currencies as Joe Biden accumulated votes against Donald Trump . Emerging market assets soared, sinking USD/SGD, USD/PHP, USD/IDR and USD/PHP.
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Australian Dollar Poised to Rise on Biden Victory, Easing Restrictions
The Australian Dollar may continue to push higher on loosening coronavirus restrictions and the prospect of easing geopolitical tensions under a Biden administration.
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S&P 500, Nikkei 225 Weekly Forecast: Stimulus and Pandemic in Focus
Asia Pacific stocks may gain on Biden’s victory, with post-election stimulus and foreign policy in focus. Nikkei 225 reaches its highest level since 1991. Risk-linked AUD, NZD and CNH strengthened.
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Dollar May Turn Higher After US Election Outcome Applies Pressure
The US Dollar has turned lower as the outcome of the US presidential election solidified but the benchmark currency may rebound as the dust settles.
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Markets Week Ahead: Dow Jones, Gold, US Dollar, US Election Aftermath, Where to?
The Dow Jones, S&P 500 and Nasdaq 100 soared the most since early April as Joe Biden took the lead in the US election. The US Dollar sank and gold prices rallied. Uncertainties remain however as mo...
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Saturday, 7 November 2020
Sterling (GBP) Weekly Outlook - Brexit Deadline Nears as UK PM Johnson Comes Under the Spotlight
The UK Prime Minister Boris Johnson has had an uncomfortable week and next week is likely to continue in the same vein as Brexit and Covid-19 worries continue.
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Japanese Yen May Rise on Covid-19 Lockdowns, Trump Legal Challenges
The haven-associated Japanese Yen may move higher on the back of tightening Covid-19 restrictions and President Trump’s legal challenges in several battleground states.
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S&P 500 May Eye Higher Levels on Post-Election Stimulus Hopes
The S&P 500 index may weather through near-term volatility and aim for higher levels on post-election stimulus hopes. Pandemic risk and monetary easing may also return to the centre stage.
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Friday, 6 November 2020
Euro Forecast: EUR/USD Gains on Election, EU-US Tariffs to Derail Markets?
The Euro rose as the US Dollar sank on the US election. With Joe Biden in the lead, will the EU impose WTO-approved retaliatory tariffs on the US? All eyes are also on the ECB’s forum.
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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference
The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...
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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...