EUR/GBP remains highly volatile as Brexit headlines remain at the forefront
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Friday, 18 December 2020
DAX 30, FTSE 100 Technical Outlook Remains Overbought
The DAX 30 is strongly overbought as it nears its all-time high whilst the FTSE 100 sees stronger resistance
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British Pound (GBP) Update - Sterling Staring at a Make-or-Break Brexit Weekend
The European Parliament has set Sunday evening as the last moment for approving a Brexit deal this year, leaving both sides under increasing pressure.
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Thursday, 17 December 2020
Gold, Crude Oil Price Gains at Risk on US Shutdown and SMIC Blacklisting
Gold and crude oil prices climbed, though momentum faded as the risk of a US government shutdown loomed. The remaining 24 hours for precious metal and commodity prices may be choppy.
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Bitcoin, Ethereum Price Outlook: BTC/USD, ETH/USD Aims For Key Resistance
Bitcoin broke the $20,000 mark on Wednesday and subsequently rocketed over the 23,000 level before upside pressure abated. Ethereum now appears poised for higher highs following the crypto mania.
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ASX 200, Nikkei 225 Rally Taking a Pause Despite Record High in S&P 500
Asia-Pacific stock indices are set for a minor pullback despite a record session on Wall Street overnight. The Federal Reserve’s accommodative stance and stimulus hopes buoyed sentiment, sinking th...
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Australian Dollar Outlook: Surging Iron Ore Prices Push AUD/USD Higher
The Australian Dollar broke above 0.7600 amid surging iron ore prices and a better-than-expected AU jobs report. Meanwhile, U.S. stimulus talks progressed amid record-breaking Covid figures.
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USD Price Outlook: US Dollar Free Fall Reignited by Dovish Fed
The US Dollar took a nosedive during Thursday's trading session as global markets digested more dovish commentary from the Federal Reserve. Will USD price action slide further or is selling overdone?
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Gold Price Forecast: XAU/USD Jumps to Monthly High, Aims Higher
Gold lurched to a 4-week high following the December FOMC rate decision at which Fed Chairman Jerome Powell issued remarks that bolstered the precious metal’s outlook.
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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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Wednesday, 16 December 2020
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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Posts (Atom)
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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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....