Wednesday, 25 November 2020

S&P 500 May Rise Further, Fed-Treasury Affray Brushed Aside for Now

The dispute between the Federal Reserve and the Treasury Department concerned economists and government officialslast week. Traders, however, appeared unfazed following the squabble as U.S. equity ...

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Dow Jones Pullback May Cool a Rally in Nikkei 225, Straits Times Index

Dow Jones Industrial Average retraced below 30,000 as profit taking kicked in ahead of the Thanksgiving holiday. Moderna’s chief doctor said vaccines may not prevent the transmission of Covid-19.

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Australian Dollar to Rise as Easing Border Restrictions Buoy Sentiment

The Australian Dollar looks poised to extend its recent gains on the back of easing border restrictions and better-than-expected economic data.

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New Zealand Dollar Forecast: NZD/USD May Rise Over Thanksgiving Holiday

Wall Street trading saw a lull from the recent two-day rally that drove the Dow Jones above 30,000 for the first time as U.S. traders step away for Thanksgiving. Meanwhile, will NZD/USD overturn a ...

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USD Price Outlook: US Dollar Unfazed by Ambiguous FOMC Minutes

The US Dollar continues to struggle as downward pressure mounts and pushes the DXY Index to a new monthly low while market participants overlook unclear FOMC minutes.

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Stock Market Holiday Calendar 2020/21

What holiday-related events impact the stock market? Find out in our annual holiday calendar.

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Stock Market Holiday Calendar 2020/21

What holiday-related events impact the stock market? Find out in our annual holiday calendar.

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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.

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How to Manage the Emotions of Trading

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

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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.

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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

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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?

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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.

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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

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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.

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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.

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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.

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Tuesday, 24 November 2020

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...

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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...

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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.

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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...