GBP/USD breaks to fresh YTD highs to hit 1.35 as markets price in a Brexit. Markets remain on tenterhooks.
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Friday, 4 December 2020
EUR/USD Outlook Unfazed by NFP Report as RSI Sits in Overbought Zone
The EUR/USD rally appears to be unfazed by the NFP report, with the RSI sitting in oversold territory for the first time since August.
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US Dollar Whipsaws on Soft Non-Farm Payrolls Report
Softer NFP report reaffirms case for fresh fiscal stimulus, while Fed is expected to tinker bond purchases.
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Canadian Jobs Report Beats Expectations
November's Employment Change prints at 62k vs. forecast of 20k, Unemployment Rate falls to 8.5% vs. forecast of 8.9%.
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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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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....