Wednesday, 11 November 2020

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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Nasdaq 100 Outlook: Tech Stocks Consolidate Before Next Move

The Nasdaq 100 has been subjected to considerable volatility this week, surging near a new all-time high before falling back to support around the mid-line of September’s move. Where is it headed n...

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Implied Volatility: What is it & Why Should Traders Care?

Implied volatility, synonymous with expected volatility, is a variable that shows the degree of movement expected for a given market or security.

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US Dollar Clings to Long-Term Trendline, Confluent Support Lurks Below

USD weakness has run through the Presidential Election, but a major area of long-term support has come into play. Can it arrest the declines in the US Dollar?

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USD/CAD Price Outlook: Canadian Dollar Strength Ebbs Near 1.30

The Canadian Dollar has been on a tear higher over the last two weeks, but USD/CAD selling pressure is starting to fizzle out as bulls defend the 1.30-price level in spite of crude oil climbing.

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Euro Forecast: Performance after US Elections, COVID-19 Vaccine is a Bad Omen for EUR/JPY, EUR/USD

The Euro has lagged most of its major peers over the past week, a concerning sign despite jubilance widespread throughout global financial markets.

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Crude Oil Price Gains May Be Overdone as Short-Term Risks Remain

Risk in Chasing Oil Prices Higher from Current Levels as Short Term Risks Remain

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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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Tuesday, 10 November 2020

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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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...