Oil Price Clears March High to Push RSI into Overbought Territory

Recent developments in the Relative Strength Index (RSI) point to higher crude oil prices as the indicator pushes into overbought territory for the first time since 2019.

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Why a Rise in Retail Trading May Signal Another Mania

The Fed and government’s support has altered how Americans think of saving versus investing. This is acting to kindle ‘animal spirits,’ in every sense of the Keynesian fashion.

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USD/CAD Post-Fed Pullback at Risk as RSI Recovers From Oversold Zone

USD/CAD may stage a near-term correction over the coming days as the Relative Strength Index (RSI) appears to be bouncing back from oversold territory.

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Silver Price Forecast: XAG/USD Fundamentals Provide Hope to the Bulls

Silver prices advance as US Dollar weakness prevails

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Bank of England (BoE) Leaves Rates Untouched as Sterling Rallies Further on EU-UK Talk Optimism

The Bank of England left all policy levers untouched at today’s meeting as EU/UK trade talks go down to the wire. Sterling believes that a deal is very much on the cards.

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OMX 30 Near All-Time High, USD/SEK Continues Steady Depreciation

The coronavirus pandemic gets out of control in Sweden as Prime Minister admits the second wave was underestimated

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British Pound (GBP) Latest: GBP/USD Still Firm Ahead of BoE Decision on Policy

GBP/USD continues to strengthen, reaching its highest level since May 2018 ahead of any more news on the EU-UK trade-talks and a likely decision by the Bank of England to leave policy unchanged.

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DAX 30, EU Stoxx 50 May Rise as Investors Await Vaccine Approval

The benchmark DAX 30 and EU Stoxx 50 index may continue to push higher in the near term. However, the elongated wait for vaccine approval may begin to gnaw at market sentiment.

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Crude Oil Nears Resistance, Gold Up on Fed. BoE, Moderna Vaccine Approval Next

Crude Oil prices face resistance after EIA stockpiles shrank as the Fed propelled gold prices before the BoE. WTI and XAU/USD are eyeing US jobless claims and Moderna’s likely vaccine approval.

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Japanese Yen Technical Forecast: JPY Index, AUD/JPY, CHF/JPY Chart Levels

The Japanese Yen is at key technical levels against the Australian Dollar and Swiss Franc. Moreover, when equally weighted against its major counterparts, the Yen is set for a technical breakout fr...

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How AUD & NZD Exchange Rates Are Impacted by China’s Economy

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S&P 500 Gains on Fed, ASX 200 May Follow. Indonesia, Philippine Rates Next

The S&P 500 rose after the Fed, initially weighed down by soft retail sales data. The ASX 200 may climb after stellar local jobs data. Indonesian and Philippine central banks are on tap.

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Australian Dollar Pushes Higher on Better-Than-Expected Jobs Data

The Australian Dollar pushed higher against its major counterparts on the back of better-than-expected jobs data, as the unemployment rate unexpectedly fell to 6.8%.

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New Zealand Dollar Outlook: NZD/USD Nears Fresh Highs on Q3 GDP Beat

The New Zealand Dollar continues near fresh multi-year highs following a record breaking third-quarter GDP print. Asia-Pacific trading now focuses on the upcoming Australian jobs report.

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USD Price Outlook: US Dollar Whipsaws on Fed Bond Buying Plans

Wednesday's trading session was a volatile one as the US Dollar swung violently in the wake of fresh PMI data and an update from the Fed. What might be in store for USD price action looking ahead?

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Dow Jones, Nasdaq 100, S&P 500 Forecasts After The Fed And Into 2021

Markets negotiated the final FOMC meeting of the year Wednesday which reduced scheduled event risk until 2021. With few catalysts left, what will markets look to in the meantime?

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US Dollar Rises as FOMC Decision Holds Current Path

The Federal Reserve's most recent monetary policy decision leaves rates unchanged at 0.00%-0.25%, as expected. No major changes to its asset-purchase plans were announced leaving the US Dollar high...

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Gold Price Remains Capped by 50-Day SMA Ahead of Fed Rate Decision

The opening range for December raised the scope for higher gold prices, but bullion appears to be capped by the 50-Day SMA ($1872) ahead of the Fed rate decision.

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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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Mixed December PMI Reports Hint at Further Uncertainty

A beat in Manufacturing and a miss in Services further point to uncertainty in the US economic recovery.

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