GBP-crosses have shrugged off any indecent news, suggesting that underlying demand remains strong.
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Monday, 30 November 2020
NZD/USD Rate Trades to Fresh 2020 High as RSI Sits in Overbought Zone
Recent developments in the Relative Strength Index (RSI) instill a bullish outlook for NZD/USD as the oscillator sits in overbought territory.
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US Dollar Price Action: USD Two-Year-Lows as EUR/USD Tests 1.2000
EUR/USD tested 1.2000 in early-September and it did not work out well. Will a recurrent attempt bring different results?
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USD/CAD Rate Approaches 2020 Low Ahead of Canada GDP Report
The update to Canada’s GDP report may keep USD/CAD under pressure as the Canadian economy is expected to avoid a technical recession.
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Markets Week Ahead: S&P 500, U.S. NFP, RBA, OPEC Meeting, Gold, UK-EU Negotiations
U.S. equity markets reached record highs as rising Covid cases fall to the back of investors' minds following several positive vaccine headlines. Meanwhile, UK-EU negotiations are approaching the d...
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USD/ZAR Analysis: Oversold RSI Opposing Rand Fundamentals
Rand fundamentals skewed toward further appreciation as year end approaches, how will this play out with contrasting technical signs?
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US Dollar Selling Persists, EUR/USD Nearing 1.20, GBP/JPY to Outperform
G10 FX to be largely dictated by month-end flows. Watch Out for USD Selling into London Fix
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British Pound (GBP) Outlook - GBPUSD Struggles Despite Ongoing US Dollar Weakness
The US dollar is trading at its lowest level since April 2018 but GBPUSD remains listless as Brexit talks continue
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IBEX 35, CAC 40 Forecast: Possible Signs of Exhaustion as Year End Approaches
European equities are a touch softer this morning as best month in history comes to an end
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Sunday, 29 November 2020
DAX 30 Index May Fall as Germany Extends Nationwide Partial Lockdown
Germany’s benchmark DAX 30 index is at risk of a short-term pullback as Chancellor Angela Merkel moves to extend the nation’s ‘partial’ lockdown until December 20.
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Crude Oil Prices Retreat ahead of OPEC+ Meeting, US Blacklists CNOOC
Crude oil prices retraced from recent highs, weighed by a possible failure to agree on a delay in production hikes among OPEC+ members and the US blacklisting Chinese energy giant CNOOC.
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Nasdaq 100, Hang Seng Weekly Open: Markets Recede from Recent Highs
Asia-Pacific stocks trade broadly lower on the last trading day in November, retracing from recent highs. A vaccine-led rally appears to be overstretched, calling for profit-taking.
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Australian Dollar Dismisses Positive Chinese Data as US Blacklists SMIC, CNOOC
The Australian Dollar initially pushed higher on the back of positive Chinese PMI data before the Trump administration's move to blacklist SMIC and CNOOC propelled the trade-sensitive currency lower.
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US Dollar and Yen Down as Stocks Rise, Crude Oil Down on OPEC+
The anti-risk US Dollar and Japanese Yen fell as stocks aimed higher at the start of the global grading week. Crude oil prices fell after OPEC+ officials failed to agree on an output cut extension.
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Markets Week Ahead: S&P 500, U.S. NFP, RBA, OPEC Meeting, Gold, UK-EU Negotiations
U.S. equity markets reached record highs as rising Covid cases fall to the back of investors minds following several positive vaccine headlines. Meanwhile, UK-EU negotiations are approaching the de...
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US Dollar Forecast: USD Faces Immediate Downside Risks on Month-End Flows
A liquidity thinned week has had the USD on the backfoot with the greenback now below 92.00.
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Saturday, 28 November 2020
Dow Jones, DAX 30, FTSE 100 Forecasts for the Week Ahead
Whilst bullish momentum remains in equity markets after an impressive month of November, overbought conditions are beginning to show
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Euro Forecast: More Upside for EUR/USD, Or is 1.20 the Limit?
Traders in the Euro have a big decision to make this weekend: if EUR/USD hits 1.20, will it continue to advance, consolidate or fall back?
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Friday, 27 November 2020
Gold Price Forecast: Dovish FOMC Could Underpin Bullion Ahead of NFP
Gold prices could claw back lost ground ahead of the non-farm payrolls report for November, buoyed by a dovish FOMC, falling real yields and rising inflation expectations.
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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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Posts (Atom)
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...
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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....