Thursday, 19 November 2020

XAU/USD Forecast: Inflation and Excess Liquidity to Keep Gold Supported in the Long-Term

Gold price struggles on a defensive US Dollar as vaccine optimism fades away

from DailyFX - Market News https://ift.tt/3ffLCzZ
via IFTTT

Bitcoin (BTC) Outlook - Gearing Up for The Next Leg Higher?

Bitcoin (BTCUSD) looks like it has entered a period of short-term consolidation ahead of another push higher. Will bullish sentiment continue to hold sway?

from DailyFX - Market News https://ift.tt/3kIsMTi
via IFTTT

British Pound (GBP) Latest: GBP/USD Easing Ahead of EU Leaders' Summit

GBP/USD and the GBP crosses are treading water ahead of an EU leaders’ summit today that could reveal whether the EU and the UK are close to reaching a post-Brexit trade deal.

from DailyFX - Market News https://ift.tt/3fcHe4J
via IFTTT

Wednesday, 18 November 2020

S&P 500 at Risk as Tightening Restrictions Douse Vaccine Optimism

The S&P 500 index may slide lower despite a flurry of positive vaccine headlines as several US states move to tighten coronavirus restrictions.

from DailyFX - Market News https://ift.tt/3feuSsM
via IFTTT

Crude Oil Prices May Rise If EU Summit Stokes Brexit Deal Hopes

Crude oil prices may rise amid a broad-based improvement in risk appetite across markets if the prospects for a Brexit deal appear to brighten after an EU leaders’ summit.

from DailyFX - Market News https://ift.tt/3lK3WDD
via IFTTT

Nikkei 225 May Lead APAC Stocks Lower, Virus Cases Overshadow Vaccine Hopes

Asia-Pacific stocks look set to follow US lower after New York City shut schools as infections surpassed a critical threshold. Pfizer’s vaccine was tested 95% effective in a final trial.

from DailyFX - Market News https://ift.tt/3f9AO6s
via IFTTT

Australian Dollar Outlook: AUD/USD May Break Support on Jobs Report

AUD/USD moves into focus as the Australian employment report is on tap to steer market sentiment into the Asia-Pacific trading session. Meanwhile, Covid-19 cases surge in the U.S., putting a cloud ...

from DailyFX - Market News https://ift.tt/2IRUWOB
via IFTTT

Canadian Dollar Technical Outlook: USD/CAD, CAD/JPY, NZD/CAD

Canadian Dollar price action has been mixed so far this week with the Loonie gaining ground against the Greenback but weakening relative to the Japanese Yen and New Zealand Dollar.

from DailyFX - Market News https://ift.tt/35IUs63
via IFTTT

S&P 500 Forecast: How Will the Addition of Tesla Impact the Index?

S&P Dow Jones Indices announced Tesla will join the S&P 500 on December 21, making it the largest single-stock addition to the index in its history. What does this mean for the S&P 500 and Tesla?

from DailyFX - Market News https://ift.tt/3ffSMnY
via IFTTT

NZD/USD Rate Clears 2019 High and Triggers Overbought RSI Reading

NZD/USD clears the 2019 high (0.6942) and the exchange rate may continue to appreciate as long as the Relative Strength Index (RSI) sits in overbought territory.

from DailyFX - Market News https://ift.tt/32SOVrF
via IFTTT

Gold Prices to Watch as September Range Remains Intact

The price of gold appears to be moving to the beat of its own drum as the precious metal tracks the September range.

from DailyFX - Market News https://ift.tt/36T5rJM
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3fn6aGZ
via IFTTT

Euro Forecast: EUR/USD Rangebound, EUR/GBP Pushes Lower

Softer USD largely dictating price action, EUR/GBP pushing lower on receding no deal risks.

from DailyFX - Market News https://ift.tt/36O8H90
via IFTTT

CAC 40 Forecast: Ready to Overcome Key Fibonacci Resistance

European equities outperform the US as they have greater room to grow from coronavirus-led drops

from DailyFX - Market News https://ift.tt/2UAZ0F8
via IFTTT

US Dollar Sell-Off Continues, USDJPY Falls Back Below 104.00

USDJPY has fallen back below 104.00 on a combination of dollar sellers and Yen buyers with the greenback eyeing a near three-year low.

from DailyFX - Market News https://ift.tt/36H49kO
via IFTTT

British Pound (GBP) Latest: GBP/USD Trend Higher May Persist After UK Inflation Data

UK inflation data came in above expectations, suggesting the recent climb in GBP/USD will continue unless the EU-UK talks on their post-Brexit relationship stall.

from DailyFX - Market News https://ift.tt/3kCRuo5
via IFTTT

USD/CAD Rates May Resume Downtrend on Positive Inflation Data

The USD/CAD exchange rate may continue to slide lower on vaccine optimism and resilient crude oil prices ahead of Canadian consumer price growth data for October.

from DailyFX - Market News https://ift.tt/3fa61pV
via IFTTT

Tuesday, 17 November 2020

Gold Prices Threaten Chart Support, Singapore's Bullion Shipments Plunge

Gold pricesedged lower, threatening chart support below US$ 1,900 as Covid-19 vaccine hopes weighed on prices. Singapore registered a large fall in bullion exports in October.

from DailyFX - Market News https://ift.tt/2UELYXr
via IFTTT

Silver Price Analysis: XAG/USD Struggles to Rise Despite Ailing US Dollar

Despite a relatively weak US Dollar lately, silver prices have come under pressure in recent weeks. The ongoing fiscal stalemate in Congress amid rising Covid cases is having a negative effect on i...

from DailyFX - Market News https://ift.tt/3f9Icyv
via IFTTT

ASX 200 Defies Gravity as Dow Jones Falls, Thailand Rate Decision in Focus

All three major US indices retraced from their recent highs as a vaccine-led rally faded. Asia-Pacific markets opened in mixed tone, with the Bank of Thailand interest rate decision among the top e...

from DailyFX - Market News https://ift.tt/3nvYXqI
via IFTTT

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...