The bullish pennant formation could lead to a bullish continuation if confirmed.
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Friday, 20 November 2020
USDMXN Outlook - Staring at a Fresh Multi-Month Low on Renewed US Dollar Weakness
USDMXN is eyeing a break below 20.00 for the first time since early-March as emerging market currencies continue to nudge higher on growing vaccine optimism.
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Canadian Dollar Forecast: USD/CAD, CAD/JPY Levels to Watch
Directionless trading for USD/CAD, maintaining narrow range. CAD/JPY retraces vaccine spike
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FTSE 100 Struggles to Consolidate Further Upside Momentum on Brexit Concerns
Another setback in Brexit negotiations puts pressure on UK assets
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US Dollar and Japanese Yen May Rise on Fed, Treasury Sniping
The anti-risk US Dollar and Japanese Yen may turn higher as sniping between the US Treasury Department and the Federal Reserve amid rising Covid cases spooks the markets.
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Thursday, 19 November 2020
Gold Prices Eye Treasury-Fed Clash, Crude Oil at Risk on Covid Lockdowns
Gold prices reversed losses as yields declined over the Treasury-Fed squabble about unused stimulus funds. Crude oil may be at risk on rising Covid cases that are threatening lockdowns.
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Hang Seng, ASX 200 May Rebound with Dow Jones as Housing Data Beats
Asia-Pacific stocks look set to recover some losses on Friday following a mild tech-led rebound on Wall Street. US existing home sales reached a 15-year high, while initial jobless claims disappoin...
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Japanese Yen Outlook: USD/JPY May Fall to Support as Covid Boosts Haven Bets
Despite the continuing surge in Covid cases and a worse than expected U.S. jobless claims report, Wall Street ended the day higher. USD/JPY reversed an intraday move higher, looking to trendline su...
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How to Research Stocks: A Step by Step Guide
Do you know how to research stocks? Keep reading for insights and tools to supplement your stock investing strategy.
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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?
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AUD/USD Consolidation Takes Shape Following Test of Monthly High
Swings in risk appetite may sway AUD/USD over the remainder of the month as the US Dollar continues to reflect an inverse relationship with investor confidence.
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USD/CAD Outlook: Weekly Range Remains Intact Ahead of G20 Summit
USD/CAD may consolidate ahead of the virtual Group of 20 (G20) Summit on tap for November 21-22 as the exchange rate appears to be trading within a defined range.
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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 Beginning to Correct Higher, NZD/USD Upside Stretched
Renewed lockdown in NYC sees equities under pressure while USD firms
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CAC 40 Forecast: French Stocks Ready to Overcome Key Fibonacci Resistance
European equities outperform the US as they have greater room to grow from coronavirus-led drops
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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
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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?
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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.
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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.
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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.
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Posts (Atom)
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...
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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....