Gold Price Forecast: November Selloff Warns of Shift in Market Behavior

New trends appear to be taking shape ahead of 2021 as the price of gold trades at its lowest level since July, with the RSI indicator highlighting a similar dynamic.

from DailyFX - Market News https://ift.tt/3pX6lxz
via IFTTT

How to Manage the Emotions of Trading

Controlling emotions while trading can prove to be the difference between success and failure.

from DailyFX - Market News https://ift.tt/39fr3T7
via IFTTT

AUD/USD Rate Approaches Yearly High Ahead of RBA’s Last 2020 Meeting

AUD/USD approaches the yearly high (0.7414) ahead of the RBA’s last meeting for 2020 as it breaks out of the range bound price action carried over from last week.

from DailyFX - Market News https://ift.tt/39dGuLA
via IFTTT

US Dollar Pays Little Attention US Data, Month-End Flows to Drive the Action

A plethora of US economic data has been met with little acknowledgement as risk sentiment remains steady

from DailyFX - Market News https://ift.tt/3lc2uZW
via IFTTT

Black Friday & the Stock Market: Economy, Consumers & Shares

From the Black Friday stock market crash to retail frenzy, what does Black Friday mean for retail?

from DailyFX - Market News https://ift.tt/3m7SXUN
via IFTTT

Winners in FX Markets After US Presidential Election: CAD & MXN

Both USD/CAD and USD/MXN rates showed significant weakness in the immediate reaction to the US presidential election results.

from DailyFX - Market News https://ift.tt/3nWIRGY
via IFTTT

US Stocks Drive European Equities Higher, FTSE 250 Pressured by Gold Miners

A confluence of positive factors boosts risk-on sentiment and offers further support for equities

from DailyFX - Market News https://ift.tt/3o7M0E3
via IFTTT

Gold Price (XAUUSD) - Sharp Sell-Off Leaves Gold at Risk as Support Levels Tumble

Gold is trying to find its feet today after losing $75/oz. in the past two sessions, but the rebound looks tepid and further losses may be on the cards.

from DailyFX - Market News https://ift.tt/3l8m5dg
via IFTTT

British Pound (GBP) Latest: GBP/USD Rally Persists, UK Spending Review in Focus

GBP/USD continues its near-term challenge of the 1.34 level ahead of UK Chancellor of the Exchequer Rishi Sunak’s spending review due around 12:30 GMT.

from DailyFX - Market News https://ift.tt/3fukPA6
via IFTTT

US Dollar Price Outlook: DXY Eyeing Yearly Lows Ahead of FOMC Minutes

The US Dollar Index (DXY) is eyeing a test of the yearly low on vaccine progress and robust economic data ahead of the release of the FOMC November meeting minutes.

from DailyFX - Market News https://ift.tt/3lcpmsh
via IFTTT

Crude Oil Prices Break Key Chart Resistance as Vaccine Rally Heats Up

Crude oil prices are propelled by vaccine breakthroughs and prospects for a swift economic recovery. WTI reached an 8-month high after breaking a key resistance. A large API inventory build may thr...

from DailyFX - Market News https://ift.tt/3lazX72
via IFTTT

Canadian Dollar Forecast: AUD/CAD, CAD/CHF Nearing Key Levels

An improving economic backdrop is bolstering crude oil prices and in turn, the Canadian Dollar. Still, the risk-sensitive Australian Dollar continues to move higher. However, CAD/CHF looks to be ne...

from DailyFX - Market News https://ift.tt/2KtrT4n
via IFTTT

Nasdaq 100 May Lead Hang Seng, ASX 200 Higher as Vaccine-Rally Carries On

Asia-Pacific stocks look set to follow strong US leads higher on Wednesday. Sentiment was lifted by positive vaccine news alongside a kick-off of a presidential transition in the White House.

from DailyFX - Market News https://ift.tt/3m2FlKF
via IFTTT

Australian Dollar Analysis: AUD/USD Eyes 2020 High on Optimistic Sentiment

The risk-sensitive Australian Dollar was propelled higher along with a record-breaking day on Wall Street as markets cheered an improved picture for the 2021 outlook. The Asia-Pacific session may l...

from DailyFX - Market News https://ift.tt/3625tjb
via IFTTT

USD Price Outlook: US Dollar Eyes Fresh Two-Year Low as VIX Falls

USD price action is trading on its back foot again as the US Dollar stumbles toward two-year lows and the VIX 'fear-gauge' approaches pre-pandemic levels.

from DailyFX - Market News https://ift.tt/35ZNNEG
via IFTTT

Losers in FX Markets After the US Presidential Election: USD & Gold

Both the DXY Index and gold prices have exhibited weakness in the wake of the US presidential election results.

from DailyFX - Market News https://ift.tt/3q1aH6u
via IFTTT

Dow Jones Charges Above 30,000, What Can Stop the Rally?

The Dow Jones eclipsed 30,000 for the first time in history as covid vaccine hopes, potential stimulus and seasonality work to push the Industrial Average higher. Can anything stop this rally?

from DailyFX - Market News https://ift.tt/3m4b26j
via IFTTT

USD/CAD Price Outlook: Canadian Dollar Climbs with Crude Oil

The Canadian Dollar is surging and steering spot USD/CAD price action sharply lower toward a critical technical support level as crude oil jumps to an 8-month high.

from DailyFX - Market News https://ift.tt/35Zs3J2
via IFTTT

Oil Price Outlook: Break of 3Q Range Sends RSI Towards Overbought Zone

Crude oil breaks out of the range bound price action from the third quarter, with the March high ($48.66) on the radar as the RSI approaches overbought territory.

from DailyFX - Market News https://ift.tt/3m6ankS
via IFTTT

Find Your Forex Entry Point: 3 Entry Strategies To Try

Deciding when to enter a trade can be complex because of the many variable inputs that move the forex market.

from DailyFX - Market News https://ift.tt/3nTLr0h
via IFTTT