Mexican Peso Outlook: USD/MXN Bears Tire Near Downtrend Support

The Mexican Peso is on the defensive early in the week as USD/MXN fails at multi-month lows. These are the levels that matter on technical charts this week.

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Gold Price Forecast: Gold Breaks Down to Fresh Four-Month-Lows

Gold prices broke down this morning, setting a fresh four month low. But, are buyers ready to relinquish the reins to sellers on a bigger picture basis?

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EUR/USD Snaps Lower, Dow Jones Rallies as US PMI Tops Forecast

The US Dollar is ripping higher and the Dow Jones is rallying in response to IHS Markit PMI data, which crushed market forecast.

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USD/CAD Rate Continues to Trade in Defined Range Ahead of FOMC Minutes

USD/CAD may continue to trade within a defined range ahead of the FOMC Minutes as market participation is likely to thin ahead of the Thanksgiving holiday in the US.

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Markets Week Ahead: Nasdaq 100, US Dollar, GBP, Brexit, Fed, Treasury, Thanksgiving

Rising Covid cases in the US and a squabble between the Treasury and Fed dented market sentiment this past week. The tech-heavy Nasdaq outperformed its index counterparts as longer-dated government...

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Dow Jones, IBEX 35 Forecast: Positive Momentum to Start the Week

Global equities start the week on a positive note as November is likely to be one of the best months in history

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British Pound (GBP) Latest - Brexit Talk and Positive Covid Vaccine News Pump Sterling Higher

Talk over the weekend suggests that the UK and EU are getting closer to a post-Brexit trade deal, while the AstraZeneca/Oxford University vaccine results look very promising.

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Euro Muted on PMIs, EUR/USD, EUR/GBP Levels to Watch

Euro sees muted reaction to mixed PMI figures. EUR/GBP drops as UK PM Johnson looks to intervene in EU-UK Trade Talks

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DAX 30 Index Consolidating Below Key Resistance Ahead of PMI Release

Germany’s DAX 30 index is consolidating constructively below resistance ahead of a slew of PMI releases and Chancellor Merkel’s Covid-19 meeting with regional premiers.

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US Dollar Still Sinking, What Are Upside Factors? USD/INR Eying Indian GDP

The US Dollar lost ground to most ASEAN currencies as Emerging Market assets climbed despite US economic woes. USD/INR is eyeing third-quarter Indian GDP at the end of the week.

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New Zealand Dollar May Rise as RBNZ Holds Fire on Negative Rates

The New Zealand Dollar looks poised to extend its push higher against its haven-associated counterparts on robust economic data and a less dovish stance from the RBNZ.

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Yen and US Dollar May Bounce as PMI Data, Fed-Speak Spook Markets

The Japanese Yen and US Dollar may rebound from early losses at the start of the trading week as worrying PMI data and Fed commentary spook the markets.

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S&P 500, Hang Seng Weekly Open: Vaccine-Led Rally May Take a Pause

US stock futures may lead Asia-Pacific markets higher after a profit-taking trading session seen on Friday. A vaccine-led rally seems to be taking a pause. Oil prices at 11-week high. Japanese mark...

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Markets Week Ahead: Nasdaq 100, US Dollar, GBP, Brexit, Fed, Treasury, Thanksgiving

Rising Covid cases in the US and a squabble between the Treasury and Fed dented market sentiment this past week. The tech-heavy Nasdaq outperformed its index counterparts as longer-dated government...

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Dow Jones, DAX 30, FTSE 100 Forecasts for the Week Ahead

After surging to fresh all-time highs earlier this month, stocks have slipped into consolidation mode as they bounce between technical levels ahead of the next major moves. Here are the levels to w...

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US Dollar May Rise as FOMC Minutes Flag Fed Policy Standstill

The US Dollar may rise as minutes from November’s FOMC meeting cement the Fed in wait-and-see mode, cooling risk appetite even as the yield outlook turns more supportive.

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Sterling (GBP) Outlook Mired by Brexit's Own Groundhog Day

The EU and UK continue their post-Brexit trade talks, stressing that a deal is within reach, but neither side is prepared to move to get a deal over the line. Again.

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Japanese Yen May Rise With Covid Lockdowns Threatening Nikkei 225 Outlook

Japanese Yen momentum may hold ahead amid rising Covid-19 cases locally and abroad, threatening the global growth outlook. USD/JPY appears to be following bond yield spreads again.

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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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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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