DAX 30 Outlook - Running Into Resistance, Sentiment Remains Bullish

The German DAX 30 has added nearly 2,000 points this month and is approaching an area of reasonably strong resistance.

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British Pound (GBP) Latest: Vaccine Hopes Lift GBP/USD and FTSE 100

Hopes that the Pfizer/BioNTech coronavirus vaccine will mitigate the impact of the Covid-19 pandemic are boosting both GBP/USD and the FTSE 100, while EUR/GBP is weakening.

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EU Stoxx 50 Outlook: Rebound on Vaccine News Running Out of Steam

The EU Stoxx 50 index could slip lower in the coming days as vaccine optimism begins to fade amid a backdrop of rising Covid-19 infections and tightening restrictions.

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Crude Oil Prices Surge to 2-Month High on Vaccine Hopes, Falling Stockpiles

Crude oil prices rose to two-month highs on a much larger-than-expected decline in US inventories. WTI looks set to break a key resistance level at US$ 41.50, riding the tailwind of vaccine hopes.

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Dow Jones Propelled by Vaccine Hopes, Singapore Stocks at 5-Month High

Sectoral rotation continued to play out on Wall Street, with energy and industrial stocks outperforming technology shares. The Dow Jones closed 0.5% below its all-time high. Singapore stocks are fa...

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New Zealand Dollar: NZD/USD Edges Higher Following RBNZ Rate Decision

The Reserve Bank of New Zealand held its official cash rate at 0.25% on Wednesday, sending the New Zealand Dollar slightly higher as negative rate bets faded.

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Russell 2000 Index May Continue to Rise on Rotation Trade, AUD/NZD Eyes RBNZ

Investors in the U.S. equity market continued to rotate out of tech as the 10-year Treasury yield climbed to its highest level since March. Meanwhile, the RBNZ rate decision is on tap with the abil...

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Gold Price Outlook: Will a Covid Vaccine Kill the Bull Case for Gold?

Gold has been on a rollercoaster ride this week as it suffered a significant retracement Monday, only to begin recouping losses as the week progressed. But has the fundamental landscape changed?

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New Zealand Dollar Outlook: NZD/USD Eyes RBNZ Rate Decision Due

NZD/USD price action is perched at its strongest level since early 2019 as commodity currencies like the Kiwi piggyback off US Dollar weakness, but a dovish RBNZ might undermine recent gains.

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Dow, Russell, Nasdaq Price Forecast: Equities Bifurcate on Covid News

Excitement punctuated this week's open but a number of questions remain on the Nasdaq, Russell and Dow.

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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?

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Stock Market Sentiment Surges on Coronavirus Vaccine Hopes | Webinar

Trader confidence in value stocks continues to rise strongly on hopes the Pfizer Covid-19 vaccine trial represents a breakthrough in the fight against the coronavirus.

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Gold Price (XAUUSD) Forecast - Shackled By Bearish Engulfing Candle, US Real Yields

Gold is trying to recover from Monday’s heavy sell-off but is unable to put in a decent move higher. The technical set-up looks negative while higher US Treasury yields will also weigh.

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Japanese Yen Implosion on Vaccine Breakthrough - Watch US Yields for Direction

USD/JPY reverses on firmer risk appetite and higher US yields. Technical hurdles lie ahead.

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EUR/USD Slides Lower as Weak German Economic Sentiment Sparks New Recession Fears

The latest ZEW sentiment readings highlight a further weakness in Germany and across the Euro Area, highlighting fears that German may fall back into a recession

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British Pound (GBP) Latest: GBP/USD Stable, UK Redundancies At Record High

GBP/USD is holding its ground despite news that UK redundancies surged in Q3 while the unemployment rate jumped to its highest level for almost four years in September.

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S&P 500 Aiming Higher on Vaccine Progress Despite Gridlock Fears

The S&P 500 index may continue to rise on positive Covid-19 vaccine developments despite Senate Majority Leader Mitch McConnell’s push for a skinny fiscal aid package.

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Gold Prices Regain Strength After Falling 4.5% as Vaccine Enthusiasm Fades

Gold prices are regaining some lost ground after falling sharply on Monday. Optimism surrounding Pfizer’s vaccine breakthrough appeared to have cooled. The US Dollar edged lower.

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Hang Seng and ASX 200 Rise on Vaccine Hopes, Tech Drags Nasdaq Lower

Wall Street cheered on encouraging vaccine news, kicking off a sectoral rotation in favour of energy and financial stocks. Big tech dragged the Nasdaq 100 lower. Asia-Pacific markets opened higher.

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USD/JPY May Rise on Vaccine Hopes Despite Election Dispute, Chinese CPI Eyed

Risk-on trading looks to continue following a broad-based rally during the U.S. trading session. Covid-19 vaccine hopes may overshadow election disputes that the Trump administration is pursuing. C...

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