AUD/NZD Bounces but Incoming Death Cross May Keep Outlook Bearish

AUD/NZD saw bullish inflows following a small lift in sentiment. However, an incoming long-term bearish signal may doom the cross if the current downward path holds. Traders will look at China Caix...

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Gold Price Forecast: Bullish Outlook in Question After Key Technical Break

The outlook for gold prices has fallen into question after the precious metal suffered a break beneath critical support. Can bulls revive the yellow metal or will XAU/USD continue to fall further?

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Oil Price Tracks Upward Trend as US Crude Output Holds Steady

The price of oil continues to track the upward trend established in November as US crude output sits at its lowest level since 2018.

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US Dollar Drops on Fiscal Stimulus Talks - Range Breakout Guiding DXY Index Price Action

The US Dollar (via the DXY Index) has hit fresh lows amid the latest headlines around US fiscal stimulus talks.

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S&P, Nasdaq Posture at All-Time-Highs: What's Holding Them Back?

Equities have ripped for much of the year but now with news of covid vaccines on the way, stocks have started to stall.

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Lending Facilities the Focus on Day Two of Powell, Mnuchin Testimony

Powell and Mnuchin returned to Congress to testify to the House Financial Services Committee, where the planned end of year termination of certain emergency lending facilities remained in the spotl...

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USD/CAD Rate Trades to Fresh Yearly Low as RSI Tracks Downward Trend

Key market trends may keep USD/CAD under pressure as the RSI continues to track the downward trend established in November.

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Sterling (GBP) Hit Further as EU Hardline Countries Push for a No Deal

Sterling is taking a secondary hit Wednesday after reports emerged that France and other hardline countries are pushing for a no-deal if the UK refuses to move its negotiating position

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S&P 500 Outlook: Topside Challenges and Downside Risks

Following the strongest monthly performance since April, the S&P 500 has gotten off to a strong start to December

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DAX 30 Consolidation Threatened as EUR/USD Strengthens

Dollar weakness continues to push EUR/USD higher and European equities could start to feel threatened

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Gold (XAUUSD) Price Rebound May be Short-Lived as Resistance Lies Ahead

Gold continues to claw back some of last week’s heavy losses but nears an area of technical resistance that may be difficult to breach in the short-term.

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British Pound (GBP) Latest: GBP/USD Gains Reversed on Trade Talk Pessimism

Signs that the talks between the EU and the UK on their post-Brexit relationship are faltering are knocking back GBP/USD, which is reversing some of its recent gains.

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US Dollar Price Outlook: DXY May Extend Fall on Renewed Fiscal Aid Hopes

The US Dollar Index (DXY) looks set to extend its slide to yearly lows on the back of renewed fiscal stimulus hopes and dovish rhetoric from several members of the Federal Reserve.

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Crude Oil Prices Eye Deeper Pullback on OPEC+ Doubts, Rising Stockpiles

Crude oil prices retraced further from recent highs as traders unwind expectations for an OPEC+ resolution to rein output. The American Petroleum Institute (API) reported a large build in crude inv...

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How AUD & NZD Exchange Rates Are Impacted by China’s Economy

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S&P 500 Hits Record High on Stimulus Hopes, Straits Times Index May Rise

Asia-Pacific stocks are poised to trade higher following strong US leads overnight. Renewed US stimulus hopes and prospects for herd immunity by summer next year buoyed risk appetite.

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Australian Dollar Forecast: AUD/USD Whipsaws on Upbeat AU GDP Print

The Australian Dollar is receiving a small boost following a better than expected Q3 GDP print, but upward price pressure is fading fast. On a quarterly basis, the Australian economy grew at 3.3% s...

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Silver Boosted on Renewed Stimulus Hopes, Equities Focus on AU GDP Next

December trading kicked off with the US Dollar breaching a new two-year low on renewed stimulus hopes. In turn, silver prices received a huge boost on stimulus-linked inflation outlooks.

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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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Dow Jones Forecast for the Week Ahead

The Dow Jones enjoyed an almost parabolic climb in November which has since transitioned into a pattern of consolidation. With a largely constant fundamental landscape, technical levels might offer...

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