Wednesday, 9 December 2020

USD/JPY Forecast: Yen Consolidates within Bearish Rectangle Pattern

As we close out 2020, will the USD/JPY pair continue to consolidate or breakout of the rectangle pattern?

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FTSE 100, IBEX 35 Forecasts: Brexit Talks, ECB Meeting in Focus

European equities regain buyer support as key events take place this week

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British Pound (GBP) Latest: Brexit Talks go to Brussels, GBP/USD Pushes Higher

GBP/USD has recovered nearly all of this week’s losses and is back above 1.3400 again as UK PM Boris Johnson and EU Commission President Ursula von der Leyen meet later in Brussels.

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Canadian Dollar Outlook: Wait-and-See BoC May Fuel CAD Upside

The Canadian Dollar may continue to outperform its haven-associated counterparts as investors eye the Bank of Canada’s upcoming monetary policy meeting.

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Gold Prices May Struggle Despite Chart Break if US Yields Rise

Gold prices edged past chart resistance, seemingly opening the door for a rise back above the $1900/oz figure. Upside progress may be difficult if bond yields rise however.

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Tuesday, 8 December 2020

Swiss Franc Analysis: CHF/JPY, CAD/CHF, NZD/CHF Key Chart Setups

The Swiss Franc's technical posture appears to be reaching a decisive momentagainst the Japanese Yen, Canadian Dollar, and New Zealand Dollar.

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Core-Perimeter Trading Model: US, Eurozone & China

The Core-Perimeter framework allows traders to understand the macro-fundamental interactions between powerhouse economies and their perimeter counterparts, offering valuable insight on how to trade...

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Nasdaq 100, S&P 500 Hit New Highs on Bipartisan Stimulus Bets. ASX 200 to Rise?

The Nasdaq 100 and S&P 500 hit new highs as policymakers inched closer to a bipartisan stimulus deal ahead of a vaccine rollout. APAC equities may rise, but ASX 200 momentum is fading.

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EUR/USD Rates May Dismiss ECB Easing and Extend Push to Yearly Highs

The Euro appears poised to continue pushing higher in the near term despite the prospect of further monetary policy easing from the ECB at its upcoming December meeting.

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New Zealand Dollar Forecast: NZD/USD May Pause Before Eyeing New Highs

US indices pushed higher Tuesday following positive news on Capitol Hill surrounding stimulus talks between lawmakers. Despite the risk-on market tilt, NZD/USD is struggling to advance beyond multi...

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USD Price Outlook: US Dollar Selling Subsides - Levels to Watch

USD price action edged higher across the board during Tuesday's trading session as US Dollar selling pressure subsides. What might be in store for the DXY Index ahead?

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AUD/USD Rate Outlook Hinges on Looming RSI Signal

AUD/USD consolidates after trading to a fresh yearly high (0.7454), RSI may show the bullish momentum gathering pace as it flirts with overbought territory.

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Australian Dollar Forecast: AUD/USD Looks to Extend Gains Above 0.74

AUD/USD may look to continue higher as USD weakness seems to persist across the board and the Australian Dollar enjoys gains from a recovering global economy. What can stop it?

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Silver Price Forecast: XAG/USD Remains at the Mercy of Risk Sentiment

The potential for additional fiscal stimulus drives price action into triangle formation.

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Swiss Franc Attracts Speculators as Brexit Concerns Hamper GBP/CHF, EUR/CHF Rates

The Swiss Franc has attracted capital flows during the Brexit saga whenever it appears more likely that a ‘no deal, hard Brexit’ will take place.

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EUR/USD Analysis: RSI Holds in Overbought Zone Ahead of ECB Meeting

The technical outlook for EUR/USD remains constructive as the RSI continues to track the upward trend established in November and holds in overbought territory.

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DAX Price Outlook: Germany 30 Index Showing Signs of Fatigue

The DAX failed to break above the September high and now multiple indicators suggest a short-term retracement may be on the cards�

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Market Sentiment Neutral but Nasdaq, Copper, Iron Ore Trending Higher | Webinar

Trader confidence is being pulled one way then the other, leading to largely static markets. However, trending assets can still be found, including US tech stocks and several commodities.

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FX Week Ahead - Top 5 Events: Brexit, BOC & ECB Meetings, Mexican & US Inflation

The second week of December brings about significant event risk from around the globe, including two central bank rate decisions and a potential conclusion to the Brexit saga.

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USDCAD Price Outlook - Canadian Dollar Remains Firm Ahead of BoC Policy Announcement

The Canadian dollar remains buoyed against the US dollar and the pair may get another shot in the arm from Wednesday’s Bank of Canada policy announcement.

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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...