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Thursday, 10 December 2020

USD/CAD Forecast: Post-BoC Breakdown Keeps RSI in Oversold Zone

USD/CAD snaps the range bound price action from earlier this week, and the RSI warns of a further decline in the exchange rate as it holds in oversold territory.

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Euro Rises With ECB Delivering More Stimulus as Widely Expected

As expected, ECB delivers further stimulus, Euro edges higher.

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GBP/USD - The Next Leg Lower on Negative Brexit Headlines

Sterling is falling sharply across the board as the US enters the fray on the latest round of negative Brexit headlines.

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Gold Price Remains Under Pressure and Looks For Guidance

Gold continues to push lower after Wednesday’s sell-off and recently supportive moving averages and Fibonacci retracements are under pressure.

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Euro Latest: ECB to Focus on EUR/USD, EUR/GBP Strengthens as Brexit Hopes Diminish

European Central Bank policy meeting in focus, Brexit hopes fade with new deadline set for Sunday

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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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Wednesday, 9 December 2020

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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