The price of Brent crude oil looks to have consolidated its gains after climbing above the $50/barrel mark and is now well-placed to advance further in coming days.
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Wednesday, 16 December 2020
US Dollar Falls Further as Important Data and FOMC Meeting Near
The US dollar basket continues to fall and is touching the 90.00 level, a low not seen in over two-and-a-half years. Important data and FOMC decision later today.
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Euro Strengthens on PMIs, EUR/USD, EUR/GBP Levels to Watch
European PMI data comes in better than expected and gives the euro an extra push higher
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British Pound (GBP) Latest: GBP/USD Extending Gains, UK Inflation Falls Sharply
GBP/USD is climbing for the third successive day on continuing hopes of a post-Brexit EU-UK trade deal; the latest UK economic data show a steep drop in inflation.
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Gold Prices May Drop if the FOMC Sours Stimulus Expansion Hopes
Gold prices may recoil from chart resistance if Fed officials signal that stimulus expansion is not in scope near-term at the final policy announcement of the year.
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Canadian Dollar Outlook: USD/CAD, CAD/JPY Eyeing Inflation Data
The Canadian Dollar may continue to outperform its haven-associated counterparts on the back of the BoC’s wait-and-see approach to monetary policy and positive vaccine progress.
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Tuesday, 15 December 2020
Will Trade Wars Persist After the US Election?
What will the global economy and international trade regime look like under a Trump or Biden administration and how will that impact foreign exchange markets?
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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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Nasdaq 100 Approaches All-Time High, Will Hang Seng and ASX 200 Follow?
The Nasdaq 100 index surged 1.25% and closed near its all-time high as traders awaited a bipartisan stimulus plan ahead of the FOMC meeting on Wednesday. The Hang Seng and ASX 200 are poised to rise.
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Australian Dollar Analysis: AUD/USD Flirts with New Highs on US Stimulus Hopes
The Australian Dollar is flirting with fresh multi-year highs as renewed stimulus hopes in the U.S. bolsters market sentiment. Traders look ahead to the Federal Reserve decision and Australia's job...
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USD Price Outlook: US Dollar Braces for Fed Decision, PMI Data
US Dollar veered back toward two-year lows as USD price action weakened against major FX peers like the Pound, Canadian Dollar, Yen and Euro. Volatility may accelerate with PMI data and the FOMC on...
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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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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 -...