British Pound (GBP) Latest: GBP/USD Under Pressure as Brexit Endgame Nears

A post-Brexit trade deal is beginning to look increasingly unlikely as significant gaps remain between the two sides.

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Crude Oil Prices Seesaw on Iraq Oil Well Attack, US Inventory Surge

Crude oil prices seesawed on news of an attack on two Iraqi oil fields and a shockingly large US inventory surge. The chart setup warns that a downturn may be ahead.

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S&P 500, Dow Jones Hinge On Stimulus Talks as Covid-19 Cases Surge

The S&P 500 and Dow Jones could be at risk of a more extended pullback as the absence of a much-needed fiscal support package, and climbing Covid-19 case numbers, weigh on sentiment.

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Copper Price Forecast: Chinese Demand, Weak USD May Lift the Red Metal into 2021

Copper prices are postured for the first weekly loss since October after the red metal rallied to its highest point since early 2013. The fundamental backdrop appears to support higher highs ahead,...

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Nasdaq 100 Falls Most In a Month, Nikkei 225 and Hang Seng May Drop

The Nasdaq 100 index tumbled over 2% as the US stimulus package appeared to have stalled whereas Covid vaccines are on course to be rolled out. Asia-Pacific markets are poised for a pullback.

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British Pound Outlook: GBP/NZD, GBP/AUD React to Brexit Dilemma

The British Pound treaded lower following news that UK Prime Minister Johnson and EU Commission President Ursula von der Leyen failed to make significant headway during dinner in Brussels. GBP/NZD ...

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USD Price Outlook: US Dollar Volatility to Take Cue from EUR & GBP

USD price action traded mixed throughout Wednesday with the DXY Index gaining a mere 0.1% on balance as the US Dollar strengthened against the Euro but weakened relative to the Pound Sterling.

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Brexit Latest: GBP/JPY, GBP/USD Rates Pin Breakout Hopes on Brexit Deal

The EU-UK leadership tandem agreed to keep negotiating until Sunday, December 13, at which point a “decision” will be made.

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Bitcoin Price Forecast: BTC/USD Slips to Monthly Low, Seeks Support

Bitcoin fell beneath $18,000 for the first time since late November and tagged a new low for December in the process. While the technical outlook remains encouraging, risks to the rally have grown.

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NZD/USD Rate Approaches Monthly Low as RSI Sell Signal Emerges

NZD/USD approaches the monthly low (0.7006) as the RSI falls back from overbought territory, with the indicator offering a textbook sell signal.

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USD/ZAR Price Analysis: Rand Soars After Q3 GDP Beats Estimates

USD/ZAR Breaks below key level of support following positive GDP Figures

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Euro Rate Forecast: Retracing Gains Ahead of ECB Meeting - Levels for EUR/USD, EUR/JPY Rates

The Euro continues to give back some of its recent rally, but key technical levels suggesting that the bullish breakout attempts have failed have not been triggered.

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Canadian Dollar Outlook: USD/CAD Slides on BoC Rate Decision

USD/CAD price action drops to fresh session lows as the Canadian Dollar strengthens in immediate response to the latest Bank of Canada interest rate decision.

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Gold Price Outlook Mired by Failed Attempt to Test 50-Day SMA

The rebound in the price of gold appears to have stalled ahead of the 50-Day SMA ($1878) as bullion pulls back from a fresh monthly high ($1875).

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AUD/USD Upside Persists, NZD/USD Remains Overbought

The two tedious and neverending narratives regarding Brexit and US fiscal stimulus talks continue to dictate sentiment

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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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