Tuesday, 15 December 2020

Canadian Dollar Forecast: USD/CAD Breaks Down. Will it Fall Further?

USD/CAD fell to its lowest level since April 2018 this week amid fresh USD weakness. Devoid of major nearby support, the pair could continue lower in the weeks ahead.

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Euro Forecast: Bull Flags Take Shape in EUR/JPY, EUR/USD Rates

Both EUR/JPY and EUR/USD rates have retained their bullish posture, even as the Euro lags its peers elsewhere.

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The Basics of Technical Analysis

This beginners guide will introduce you to the basics of technical analysis, and how it can be used to trade FX.

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Bitcoin Forecast: BTC/USD Battle Between Bulls and Bears Persists

Bitcoin seeks direction after recovering prior losses

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Gold Price Outlook - Stuck in a Rut Ahead of FOMC Decision

Gold has been trading sideways this week with very little reason to breakout, one way or the other. Wednesday’s FOMC meeting may be the last chance to spark a move this year.

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IBEX 35, CAC 40 Forecast: Mixed Sentiment as Caution Returns but Hope Remains

Equity markets offer a mixed picture as investors remain cautious about rising infections but are hopeful about Brexit and US stimulus

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British Pound (GBP) Latest: Trending Lower, Waiting for Latest Brexit News

GBP/USD and EUR/GBP continue to fluctuate wildly, awaiting any news of an EU-UK trade deal before the Brexit implementation period draws to a close at 2300 GMT on December 31.

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EUR/USD, EUR/JPY Aiming Higher Despite Tightening Covid Restrictions

EUR/JPY and EUR/USD rates may continue to push higher in the near term despite the notable tightening of coronavirus restrictions in several European nations.

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Monday, 14 December 2020

Crude Oil Prices at 9-Month High as Traders Eye Stimulus, Vaccine Rollout

Crude oil prices are hovering at a 9-month high despite OPEC+ warning about a slower recovery in energy demand. A weaker US Dollar, the vaccine rollout and stimulus hopes buoyed prices.

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How China-ASEAN Relations Impact SGD, IDR, MYR, PHP

Learn about the ASEAN-China relationship and how to trade ASEAN currencies like the Singapore Dollar, Indonesian Rupiah, Philippine Peso and Malaysian Ringgit using the Core-Perimeter model.

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Dow Jones Pullback Sets A Sour Tone for Nikkei 225, ASX 200

The Dow Jones index pulled back for a second day while the Nasdaq 100 index gained 0.5% in a wake of Covid lockdowns. The Nikkei 225 and ASX 200 fell amid souring sentiment across the Asia-Pacific.

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US Dollar Outlook Dictated by Stimulus Talks Ahead of FOMC Meeting

The US Dollar may slide lower on the back of progress in fiscal aid talks. However, the FOMC’s wait-and-see approach to monetary policy may inspire a short-term rebound.

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Australian Dollar Down Despite On-Trend Chinese Economic Data

The Australian Dollar saw a modestly negative reaction to a mixed bag of Chinese economic data outcomes. AUD/USD slipped in broadly risk-off Asia-Pacific trade.

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New Zealand Dollar May Rise After Pullback as Market Mood Brightens

The New Zealand Dollar may rise after a pullback from chart resistance, buoyed by firming risk appetite. Wall Street ended Monday mixed but progress on US stimulus may now lift sentiment.

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How to Manage the Emotions of Trading

Controlling emotions while trading can prove to be the difference between success and failure.

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USD Price Outlook: US Dollar Oscillates in Effort to Form Support

The broader US Dollar dropped to a fresh two-year low early Monday, but USD price action staged a notable reversal as market sentiment and risk appetite deteriorated throughout the session.

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Nasdaq 100 Price Outlook: Tech Stocks Remain Bright Spot Amid Weakness

The Nasdaq 100 reclaimed its spot as the leading US index in December, outpacing both the S&P 500 and Dow Jones thus far. The tech-heavy index trades narrowly beneath record levels as a result.

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NZD/USD Clears Monthly Opening Range to Push RSI Into Overbought Zone

NZD/USD clears the opening range for December, with the advance from the monthly low (0.7006) pushing the Relative Strength Index (RSI) back into overbought territory.

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US Recession Watch, December 2020 - Yield Curve Hides Slowing Economy

The US Treasury yield curve has steepened in recent weeks (long-end rates rising faster than short-end rates), but that might not mean what you think.

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Top 10 Candlestick Patterns To Trade the Markets

Discover the 10 most reliable candlestick patterns for trading the financial markets.

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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...