Saturday, 21 November 2020

S&P 500 Weighed by Stimulus Uncertainty Amid Virus Resurgence

The S&P 500 index may pull back further due to a lack of stimulus clarity amid rapidly climbing Covid-19 cases. IMF painted an uneven recovery outlook, with more policy action needed.

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Friday, 20 November 2020

Crude Oil Price Outlook Volatile as Covid Clashes with Vaccine Hope

Crude oil price volatility looks set to linger as outlook for the commodity closely tied to GDP growth remains clouded by near-term downside risks undermining COVID-19 vaccine optimism.

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Euro Forecast: EUR/USD Outlook Worsens After EU Recovery Fund Vetoed

With the markets focused on coronavirus vaccines, it was easy to miss news last week that Poland and Hungary have blocked the EU’s recovery fund; another potential negative for the Euro.

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US Dollar Forecast: DXY Index Stuck in Range as Fed-Treasury Fight Goes Public

Will the Fed-Treasury disagreement help or hurt the US Dollar?

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Gold Price Outlook: XAU/USD Still Primed for Higher Ground

Gold prices fell for a second consecutive week as inflation expectations eased after a U.S. political shift. A dispute between the Federal Reserve and Treasury is boosting gold prices, will momentu...

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Gold Breaks Bearish Price Pattern Amid Failure to Test September Low

The price of gold breaks out of the series of lower highs and lows from earlier this week as it stages another failed attempt to test the September low ($1849).

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Central Bank Watch: BOC, RBA, RBNZ Rate Expectations; CAD, AUD, NZD Positioning Update

All three of the commodity currency central banks – the BOC, RBA, and RBNZ – have seen dovish rate cut expectations scaled back significantly in recent weeks.

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DAX Price Outlook: Bullish Pennant May Provide Added Boost

The bullish pennant formation could lead to a bullish continuation if confirmed.

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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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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...