Gold Price Forecast: XAU/USD May Remain Afloat Despite Covid Vaccine Hopes

Gold prices tumbled this past week as Covid-19 vaccine hopes sent real Treasury yields higher. But, rising coronavirus cases and US fiscal stimulus woes may keep XAU/USD afloat.

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US Dollar Forecast: Covid Cases, Retail Sales May Keep DXY, Yen and Franc Afloat

The US Dollar gained this past week. Covid-induced safe-haven bids on the Yen and Franc look to keep the DXY Index trading near its current 93 handle.

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Crude Oil Forecast: JMMC, Lockdowns, Vaccine News in Focus

Crude oil price action remains mired by conflicting fundamental drivers like renewed COVID-19 lockdown measures and positive vaccine news, but outlook could stay constructive more broadly if OPEC c...

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Australian Dollar Eyeing Yearly High Ahead of RBA Minutes, Jobs Data

The Australian Dollar is eyeing a push to fresh yearly highs on positive Covid-19 developments ahead of the RBA meeting minutes and employment data for October.

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Gold Price (XAUUSD) Forecast - Setting Up a New Trading Range

After Monday’s heavy sell-off, gold is making baby steps higher but resistance lies ahead and further gains may prove difficult.

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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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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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