Monday, 23 November 2020

Natural Gas Price Forecast: Colder Weather Stops Selloff, Will it Last?

An updated NOAA temperature outlook injected some bullishness in natural gas futures to start the week. Price action is still sharply lower for November and the path ahead likely depends on longer-...

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Nikkei 225 May Follow S&P 500 Higher on Vaccine News, Biden Transition Kickoff

Asia-Pacific stocks look set to trade higher as the General Services Office (GSA) informed president-elect Joe Biden that it is ready to begin the transition. The Astra-Oxford vaccine also boosted ...

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New Zealand Dollar Outlook: Will RBNZ See Housing Prices Added to Remit?

The New Zealand Dollar soared, and may extend gains after the government proposed adding housing prices to the RBNZ’s remit. NZD/USD is eyeing summer 2018 peaks, AUD/USD faces key support.

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Japanese Yen May Fall on GSA Joe Biden Transition, GBP/USD Eyes Resistance

The Japanese Yen may fall after S&P 500 futures rose on the GSA saying it is ready to work with Joe Biden on the transition process. GBP/USD is eyeing resistance on Brexit deal hopes.

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USD Price Outlook: US Dollar Bulls Hold Critical Support Zone

USD price action whipsawed wildly during Monday's trading session as US Dollar volatility accelerated after bulls defended a critical technical support zone with the help of solid PMI data.

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Nasdaq 100 Forecast: Tech Stock Gains Slow as Volatility Ebbs

After coronavirus vaccine news sparked a rotation away from some of the highest-flying technology stocks, a drawdown in volatility has seen the Nasdaq 100 slip into a lull ahead of the Holiday season.

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NZD/USD Rate Forecast: Textbook RSI Sell Signal Takes Shape

NZD/USD may consolidate over the coming days as the RSI appears to be falling back from overbought territory and indicates a textbook sell signal.

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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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Sunday, 22 November 2020

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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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...