Trader confidence has returned Tuesday after a down day Monday and may now stay strong for the rest of this month, which is often a positive one for risk sentiment.
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Tuesday, 1 December 2020
FTSE 100 Leads Gains in Europe, EUR/GBP Range Tightens as it Nears End of Triangle Pattern
After a spectacular month of November equities start the last month of the year on a positive note
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British Pound (GBP) Latest: GBP/USD Rallying on Hopes of Brexit Trade Deal
The rally in GBP/USD looks to be resuming after the pair’s slide late last week as hopes persist that a post-Brexit trade deal between the EU and the UK can be reached.
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Bitcoin (BTC) Eyes $20,000+, Ripple (XRP) Consolidating Record Volatility
The cryptocurrency bull run is on pause as coins consolidate their recent sharp gains, and the path of least resistance suggests further gains are likely
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Euro Outlook: EUR/USD Hitting Resistance, EUR/GBP Upside Faded
Euro dips remain supported, while EUR/GBP rallies are likely to be faded. German labour market strengthens yet again.
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Monday, 30 November 2020
Canadian Dollar Aiming Higher on Record GDP Print, Additional Fiscal Aid
The Canadian Dollar may continue to outperform its haven-associated counterparts, buoyed by a record expansion in economic activity and the provision of additional fiscal support.
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Gold Prices May See a Technical Rebound Amid an Overall Bearish Trend
A weaker US Dollar appears to be buoying gold prices after they broke a key chart support level last week. Prices may attempt a technical rebound as RSI reaches oversold territory.
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Australian Dollar Forecast: AUD/USD May Rise Following RBA Rate Hold
AUD/USD may gain following the RBA's December rate decision that kept the central bank's official cash rate unchanged at 0.10%. The hold was largely expected after a series of better than expected ...
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Nikkei 225, ASX 200 Attempt to Defy Gravity as S&P 500 Futures Turn Positive
Asia-Pacific stocks are attempting to recover from Monday’s losses after Wall Street futures rose. Japan’s Nikkei 225 index opened higher. Australian stocks rebounded ahead of the RBA interest rate...
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USD/JPY at Key Resistance, RBA Rate Decision May Set Market Mood
USD/JPY is approaching a key technical level while the RBA interest rate decision is on tap to set the tone for markets on December's first trading day after November's solid gains.
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Bitcoin Price Forecast: BTC/USD Tops 2017 Peak, Sets Sights Higher
Bitcoin pushed to a new all-time high on Monday as it topped the previous intraday high of $19,783 set on December 18, 2017. With a new peak established, can BTC/USD push higher?
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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.
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Nasdaq 100 Forecast: What Can Traders Expect in December?
The Nasdaq 100 enjoyed incredible gains in November, climbing more than 11%. As December begins, holiday and seasonal conditions might work to upset recent norms.
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British Pound Forecast: Breakout Potential Remains for EUR/GBP, GBP/JPY, GBP/USD
GBP-crosses have shrugged off any indecent news, suggesting that underlying demand remains strong.
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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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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....