The US Dollar caught a break after persistent losses, but will it reverse against ASEAN currencies like the Indonesian Rupiah and Philippine Peso? Keep an eye on external risks like the Fed.
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Sunday, 13 December 2020
S&P 500, Hang Seng Weekly Open: Vaccine Rollout and Stimulus Buoy Sentiment
An extension of the Brexit talks deadline may offer markets some relief. Pfizer’s Covid vaccine received emergency use authorization from the FDA. US fiscal stimulus, the FOMC and central bank meet...
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Natural Gas Prices May Rise on Temperature Outlook, Chart Setup
Natural Gas prices rose as colder temperatures looked likely across the southwest U.S. over the next two weeks. Near-term technical cues appear bullish but follow-through may be limited.
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British Pound Jumps as UK, EU Opt to Extend Brexit Negotiations
The British Pound popped upward while the anti-risk US Dollar and Japanese Yen fell as markets cheered news that UK and EU negotiators opted to extend Brexit talks.
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Markets Week Ahead: S&P 500, US Dollar, Fed, Stimulus, British Pound, Brexit, Gold
Will market volatility pick up heading into 2021? A rollout in the Covid vaccine is being undermined by the ongoing US fiscal stimulus gridlock. Brexit woes are taking a toll on the British Pound. ...
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US Dollar Outlook Hinges on Federal Reserve Interest Rate Decision
The Federal Reserve’s last meeting for 2020 may shake up the near-term outlook for the US Dollar with the bank slated to update the Summary of Economic Projections (SEP).
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Saturday, 12 December 2020
Crude Oil Prices May Extend Gains as Investors Eye OPEC JMMC Meeting
Crude oil prices may continue to push higher on the back of positive vaccine news, a pickup in global demand and the moderate easing of OPEC+ output cuts.
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GBP/USD Weekly Forecast: Sterling on High Alert for Sunday Showdown
GBP Implodes, Option Volatility Explodes. No-Deal Brexit Risks Heightened.
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Dow Jones, Nasdaq 100, DAX 30, FTSE 100 Forecasts for the Week Ahead
The Dow Jones and Nasdaq 100 remain near record levels ahead of next week’s Fed meeting where slight modifications to the current framework are expected. The FTSE 100 will look to Brexit news.
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Friday, 11 December 2020
US Dollar Outlook Hinges on Federal Reserve Interest Rate Decision
The Federal Reserve’s last meeting for 2020 may shake up the near-term outlook for the US Dollar with the bank slated to update the Summary of Economic Projections (SEP).
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Gold Price Boosted by Risk-Off Move, US Dollar May Hinder XAUUSD Rally Next Week
Gold is currently pushing ahead as financial markets take a sharp risk-off turn ahead of the weekend. Next week, the US dollar may weigh on this move.
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DAX 30, CAC 40, FTSE 100 Forecasts for the Week Ahead
European indies have entered consolidation mode after surging higher in November. After treading water for days, the DAX 30 and CAC 40 appear slightly vulnerable but the bullish trend remains intact.
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Central Bank Watch: BOC, RBA, & RBNZ Interest Rate Expectations Update
Budding optimism over a global growth rebound post-pandemic is helping fuel demand for the Australian, Canadian, and New Zealand Dollars.
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Gold Price Rebound Unravels Ahead of Fed’s Last Meeting for 2020
The rebound in the price of gold appears to have stalled ahead of the Federal Reserve’s last meeting for 2020 amid the failed attempt to test the 50-Day SMA ($1875).
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Kiwi Dollar Price Outlook: NZD/USD Continued Rise Amid USD Weakness
The New Zealand Dollar has performed well recently against the USD as Covid vaccine rollouts cause shift towards riskier assets.�
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EUR/USD May Come Under Pressure as Post-Brexit Talks Currently Look Likely to Fail
There is a likelihood that the EU and UK will fail to agree on post-Brexit trade terms, which may in turn boost the US dollar
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FTSE MIB Forecast: Bears Creep In as Travel Restrictions Dampen Holiday Spirit
European equities head lower towards year-end as caution creeps in
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Brexit Latest: GBP/USD Slides as No-Deal Brexit Risks Increase
GBP/USD Falls to Session Lows as EU’s Von Der Leyen says No-Deal Brexit is the Most Likely Option
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Thursday, 10 December 2020
DAX 30 May Slip Lower as Restrictions Fail to Suppress Covid-19 Cases
Germany’s benchmark DAX 30 index may slide lower in the near term as the nation’s ‘partial’ lockdown fails to suppress coronavirus infections.
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Gold Prices Struggle Despite Dollar Declines, Crude Oil Turns to US Sentiment
Gold prices struggled despite US Dollar weakness and a drop in Treasury yields, signaling underlying vulnerability. Crude oil prices gained, but momentum seems to be fading.
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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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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...