Friday, 4 December 2020

Sterling Latest: GBP/USD Prepares for Brexit and NFP Event Double

GBP/USD has given back most of Thursday’s gains and is now preparing for a US non-farm payroll and Brexit endgame double.

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FTSE Mid 250, IBEX 35, CAC 40 Forecasts: Bullish Momentum Stalls

Vaccine and Brexit news continue to be the dominating themes in European equity markets

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EU Stoxx 50 Index at Risk on Vaccine Hiccup, ECB Tempering Expectations

Europe’s benchmark EU Stoxx 50 index could be at risk of a near-term pullback as Pfizer slashes its vaccine production targets and the ECB tempers easing expectations.

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Thursday, 3 December 2020

Gold Prices Turned? Crude Oil Looking to Extend Gains After OPEC+ Deal

Gold prices confirmed a break above a wedge, looking to extend gains as US non-farm payrolls near. Crude oil surged after an OPEC+ output deal, supported by signals in moving averages.

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Will Trade Wars Persist After the US Election?

What will the global economy and international trade regime look like under a Trump or Biden administration and how will that impact foreign exchange markets?

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Nikkei 225, ASX 200 Hover At Recent Highs Ahead of Nonfarm Payroll

Asia-Pacific stocks whipsawed near their recent highs on mixed sentiment. Congress moved closer to strike a stimulus package, while Pfizer slashed its vaccine distribution forecast for this year.

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Australian Dollar Outlook: AUD/USD May Rise, Overbought Conditions Eyed

Sentiment continued to lift across markets, pushing AUD/USD to fresh multi-year highs in the New York trading session. Meanwhile, the US Dollar's downward spiral intensified. A lack of data prints ...

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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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FX Week Ahead: November Canada Jobs Report & USD/CAD Rate Forecast

The November Canada employment change and unemployment rate are due out on Friday, December 4, at 13:30 GMT.

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Gold Price Rebound Brings Former Support Zone on Radar

The price of gold faces a key test as the rebound from the November low ($1765) pushes the precious metal up against a former support zone.

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Japanese Yen Outlook: USD/JPY Bias Remains Lower, Key Support Eyed

USD/JPY bias remains lower, however, US yield rise offsets short-term pullback .

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South African Rand Outlook: Falling Wedge Keeps USD/ZAR Bulls Hopeful

The Rand rally may be overextended as technical and fundamental factors align against the local currency.

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XAU/USD Set Up for V-Shaped Recovery, Fibonacci Levels Offer Resistance

Gold has staged a quick price reversal after bouncing off 5-month lows but bearish pressure is still present

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FTSE 100 Eyes a Fresh Six-Month High as Confidence Returns

The FTSE 100 is setting up to trade at its best level since early-June as the recent Covid-19 vaccination announcement gives the UK big board a shot in the arm.

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British Pound (GBP) Latest: GBP/USD Waiting for Outcome of EU-UK Trade Talks

GBP/USD will continue to be pummeled by headlines suggesting progress, or the lack of it, in the continuing EU-UK talks on their post-Brexit relationship.

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Crude Oil Prices May Rise on OPEC+ Deal, Lasting Gains Are Suspect

Crude oil prices may rise if OPEC+ officials agree on a deal to slow-walk oncoming output increases due in 2021, but any gains might be fleeing as Covid-19 keeps demand soft.

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S&P 500 Index Outlook: RSI Divergence Hints at Pullback Ahead of NFP

The S&P 500 index could be at risk of a near-term pullback ahead of Friday’s Non-Farm Payrolls report as RSI divergence and fading volume hints at a rally running out of steam.

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Wednesday, 2 December 2020

Copper Price May Rise Further on Stimulus-Driven Chinese Growth

Copper prices continue to push further into multi-year highs as the red metal enjoys robust demand from China. Along with a bullish outlook driven by stimulus measures, the green energy push may li...

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Dow Jones Rises on Stimulus Hopes, Chinese Firms Face US Delisting Threat

Asia-Pacific stocks opened in mixed tone after Wall Street equities flipped higher on renewed stimulus hopes. The House approved a bill that may threat the listing of Chinese firms on US exchanges.

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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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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...