Tuesday, 24 November 2020

Mexican Peso Forecast: USD/MXN Rates Break Critical Support Region - Key Levels

USD/MXN rates have broken through critical support in recent days, continuing the pair’s descent since the US elections in early-November.

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EUR/USD to Face Range Bound Prices Amid Failure to Test Monthly High

EUR/USD may trade within a defined range ahead of the Thanksgiving holiday amid the string of failed attempts to test the monthly high (1.1920).

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Bitcoin (BTC) Eyes New All-Time High, Ripple (XRP) Rally Re-Ignites

Bitcoin (BTCUSD) looks likely to print a fresh all-time high soon, while Ripple (XRP) is back in the spotlight as volatility returns

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Will a Brexit Deal Force a Decisive Breakout in EUR/GBP Rates?

A Brexit deal is expected to be reached in the coming days.

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NZD/USD Outlook: Kiwi Flying High, NZD Looking Overvalued

NZD soars after NZ Finance Minister asks RBNZ to consider house prices. NZD risk-reward favouring pullback

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USD/ZAR Forecast: Global Sentiment Overshadows SA Ratings Downgrade

The ratings downgrade has added to South Africa's economic woes but the local currency continues to strengthen. How long can this go on before fundamentals play catch up?

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DAX 30 Forecast: US Presidential Transition, Vaccine News, DAX 40

DAX 30 looks set for another attempt at breaking key resistance, but bearish pressure could be building

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EUR/USD Price Nudges Higher as German Q3 GDP Beats Forecasts, US Dollar Slips

The German economy rebounded sharply in Q3, beating expectations, but the single currency is facing technical headwinds as it attempts to push higher against the US dollar.

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British Pound (GBP) Latest: GBP/USD Heading for September High Above 1.34

GBP/USD is well placed to hit the September 1 high at 1.3483 if resistance at the 1.34 ‘round number’ can be topped amid optimism about a post-Brexit EU-UK trade deal.

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Russell 2000, Dow Jones to Rise on Vaccine Results, Biden Transition

The Dow Jones and Russell 2000 indices seem poised to extend gains, buoyed by coronavirus vaccine progress and the triggering of the US presidential transition process.

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Monday, 23 November 2020

Gold Prices Tumble on Positive Vaccine News, ETF Outflows Accelerate

Gold pricesfell to a 4-month low following encouraging coronavirus vaccine trial results from Astra-Oxford. The world’s largest gold ETF has suffered an accelerated pace of redemption in recent weeks.

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Will Trade Wars Persist After the US Election?

What will the global economy and international trade regime look like under a Trump or Biden administration and how will that impact foreign exchange markets?

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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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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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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...