Friday, 13 November 2020

GBP/USD Weekly Forecast: Sterling Eyes Final Stages of Brexit Negotiations

GBP eye another showdown between the UK and EU with time running out for a UK-EU trade deal.

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Winners in FX Markets After US Presidential Election: CAD & MXN

Both USD/CAD and USD/MXN rates showed significant weakness in the immediate reaction to the US presidential election results.

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Gold Price Ebbs, S&P 500 Wavers as Consumer Sentiment Worsens

Consumer sentiment data from the University of Michigan just crossed the wires, which revealed a sharp decline, and appears to be weighing negatively on stocks as well as gold prices.

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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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Bitcoin (BTC) Outlook - Positive Outlook But Beware of Volatility Risk

Bitcoin continues to press higher and is looking at $17,000+ with little in the way of technical resistance to prevent fresh multi-year highs being printed. Beware of volatility pockets.

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Crude Oil Prices Eye JMMC Meeting as OPEC Look to Delay Production Hike

Oil prices crude futures are on the backfoot to close out the week

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Crude Oil Prices Struggle on Covid Upswell, US Fiscal Deadlock

Crude oil prices are struggling amid an upswell in Covid-19 cases and the ongoing deadlock in US fiscal stimulus talks. Losses may be capped near-term however.

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British Pound (GBP) Latest: Brexit Deadline, Covid Surge, Whitehall Infighting

UK PM Boris Johnson is under increasing pressure ahead of the latest Brexit deadline as his chief adviser looks set to leave by Christmas

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Thursday, 12 November 2020

EUR/CHF Breakout Hints at Further Gains for Germany's DAX 30 Index

The risk-gauging EUR/CHF exchange rate may be hinting at further upside for Germany’s benchmark DAX 30 index, as price breaches key long-term chart resistance.

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Indian Rupee, Nifty 50 Outlook: Stimulus Welcomed, Global Covid Cases a Threat

The Indian Rupee is at risk despite a local stimulus package pushing the Nifty 50 to record highs. Rising global Covid cases may push USD/INR higher, but technical obstacles are ahead.

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Hang Seng, ASX 200 May Fall with S&P 500 as Vaccine Optimism Cools

A “risk-off” sentiment appears to be prevailing at Asia-Pacific open, with haven assets gaining alongside a retreat in equity index futures. All eleven S&P 500 sectors ended in the red as vaccine e...

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Australian Dollar Forecast: AUD/NZD May Rise on Positive Hong Kong GDP

Wall Street ended lower on the day as rising U.S. Covid cases pinged sentiment. Still, Asian economic data may boost risk appetite and propel AUD/NZD higher despite bullish New Zealand Dollar funda...

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Dow Jones Forecast: Evening Star Candlestick Hints at Reversal Potential

The Dow Jones posted an evening star candlestick on the daily chart and has since pulled back further. Does this ominous technical pattern mean the Industrial Average is headed for further declines?

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Gold Price Outlook Hinges on Vaccine Hope Outshining Virus Fear

Gold prices plunged a whopping 5% to start the week, but the precious metal is trying to stabilize at a critical technical support level as markets determine whether vaccine hopes can dwarf virus f...

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Mexican Peso Outlook: USD/MXN Drops on Unexpected Banxico Rate Hold

The Bank of Mexico held rates unchanged at 4.25% today against expectations for a 25 basis point rate cut from economists. USD/MXN price action pivoted lower on the hawkish move

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Three Trading Types and How They Influence the Market

Exploring the three trading types of Dabbler, Hobbyist and Pro - and a trading outlet for volatile markets.

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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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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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EUR/USD, USD/JPY Outlook: Narrative Tug of War Between COVID Vaccine and COVID Cases

FX markets in limbo with ranges holding while EUR firms on EUR/GBP buying.

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Bitcoin (BTC) Jumping to a Fresh Multi-Year High on Increased Volatility

Bitcoin continues to move higher and is set to break back above $16,000 for the first time since January 2018. This move may have further to go.

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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...