Monday, 7 December 2020

DAX 30 Lacks Bullish Momentum, EUR/USD Buyers Eyeing Pullbacks

Equity markets struggle to keep bullish momentum as vaccine enthusiasm gives way to political uncertainty

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Ripple (XRP) Setting Up for a Breakout as Bullish Pennant Forms

Ripple has consolidated its recent gains and is now looking at pressing further ahead if a bullish technical pattern holds true.

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Sterling (GBP) Continues to Crumble as EU/UK Brexit Talks Hit a Roadblock

GBP/USD is down nearly two cents in early turnover on a raft of negative Brexit trade talk headlines.

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British Pound Outlook: No-Deal Brexit Fears to Undermine GBP/USD

The politically-sensitive British Pound could be at risk of extended losses as a no-deal Brexit scenario becomes increasingly likely.

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Sunday, 6 December 2020

Gold Prices Buoyed By Weaker Dollar, Challenging Key Chart Resistance

A weaker US Dollar appears to be buoying gold prices since last week, pushing bullion to challenge chart resistance. Breaking higher could pave way for further upside potential.

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How to Trade the Impact of Politics on Global Financial Markets

In a slowing global economy, the threat of geopolitical risks destabilizing global growth are elevated and open the door to violent volatility – and trading opportunities.

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US Dollar Vulnerable as SGD, INR Gain with Emerging Markets. What are Risks?

The US Dollar sank, with the Singapore Dollar and Indian Rupee rising. Emerging markets eye external risk as the first vaccine dose is circulated. With stocks at new highs, could profit-taking shak...

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Natural Gas Prices May Fall Further on Warmer Weather, Technical Outlook

Natural gas prices may see further losses despite a perch above chart support after falling last week as NOAA called for warmer temperatures.

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Australian Dollar Aims Higher Despite Mixed Response to China Trade Data

The Australian Dollar may be at risk of a short-term pullback against its major counterparts after dismissing robust trade data out of China, the nation’s largest trading partner.

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British Pound at Risk on Brexit Impasse, Yen Up as Market Mood Sours

The British Pound is wobbly amid worries about a last-ditch Brexit deal. The Yen as up as markets fret about soft US jobs growth and escalating tensions with China.

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Dow Jones, Hang Seng Weekly Open: Edging Higher with Fading Momentum

Asia-Pacific markets attempted to digest mixed macro data and vaccine news after major US stock indices closed at their record highs. A disappointing nonfarm payroll report reignited hopes for poli...

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Markets Week Ahead: GBP/USD, Brexit, EUR/USD, ECB, Dow Jones, Vaccine Doses

Market sentiment improved as the Nasdaq Composite, Dow Jones climbed. Investors are looking forward to Covid relief bills from the US as the world heads for its first vaccine doses. EUR/USD awaits ...

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S&P 500 May Be Vulnerable To a Pullback if the US Dollar Rebounds

The S&P 500 index exhibited a strong negative correlation with the US Dollar over the past 12 months. A potential rebound in the US Dollar may derail stock markets’ upward trajectory.

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Saturday, 5 December 2020

USD/MXN Forecast: Bearish Case is Weakening as Peso Strength Might Become an Issue

USD/MXN stalls above key support as Bearish Pressure Seems to Recoil Slightly

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Weekly Fundamental Gold Price Forecast: Can You Trust The Rebound in XAU/USD?

Gold prices in USD-terms have rallied sharply this week, but gold’s gains lagged elsewhere. Thanks in part to US stimulus talks, US Dollar weakness is masking gold’s own bearish underlying fundamen...

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US Dollar Weekly Outlook: In One Word - Frail

The US dollar is unloved, oversold and at lows last seen over 30-months ago. At the moment there seems to be very little reason to buy the greenback

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Friday, 4 December 2020

Euro Forecast: EUR/USD Consolidation Due as ECB and EU Leaders Meet

After the recent strength of EUR/USD, a period of consolidation is likely ahead of two critical meetings: of the European Central Bank and the European Council.

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Australian Dollar May Extend Gains Despite Escalating China Trade Tensions

The Australian Dollar may dismiss escalating trade tensions with China and continue moving higher as the easing of coronavirus restrictions accelerates the nation’s economic recovery.

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US Dollar Steadies After Disappointing November US Jobs Report

The disappointing US labor market data has boosted speculation that US Congressional leaders will finally agree to another tranche of fiscal stimulus.

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South African Rand Dollar Forecast: USD/ZAR Stands Firm as Risk-On Sentiment Prevails

The Rand stands strong against the USD as an increase in risk appetite weighs on the Dollar

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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...