AUD/USD may trade within a defined range over the coming days as Australia’s GDP report is expected to confirm the first recession in nearly 30 years.
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Tuesday, 1 December 2020
US Dollar Breaches Big Support, Builds Evening Star on M1
It's been a brutal stretch for the Greenback since the Election last month. But there may be darker days ahead for USD bulls.
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Euro Rate Forecast: Bullish Breakouts Abound - Levels for EUR/CHF, EUR/JPY, EUR/USD
A new month brings new fortunes. The Euro is starting off December on strong footing.
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NFP and Forex: What is NFP and How to Trade It?
Non-farm payroll figures are highly anticipated by forex traders. Find out how they affect trading.
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Gold Price Rebounds Ahead of July Low to Pull RSI Out of Oversold Zone
The price of gold appears to have reversed course ahead of the July low ($1758), with the RSI reflecting a textbook buy signal as it recovers from oversold territory.
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US Dollar Selling Renewed, GBP/USD Shorts Unwinding - COT Report
US Dollar shorts beginning to pick-up for the first time since September, while GBP/USD shorts unwind.
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USD/JPY Forecast: Yen Remains Robust with Bleak Dollar Outlook
Will the dreary Dollar continue to weigh in favor of the Japanese Yen as we enter into the final month of 2020?
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Market Sentiment May Stay Positive Throughout December | Webinar
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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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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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....