Tuesday, 22 December 2020

S&P 500 Index May Extend Slide Lower Despite Senate Passing Aid Bill

The S&P 500 index may continue to slide lower in the short term, despite Congress passing a much-needed fiscal aid package, as Covid-19 fears gnaw at market sentiment.

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Monday, 21 December 2020

Crude Oil Rally May Lose Steam on Virus Threat, Softer Physical Demand

Crude oil prices receded from 10-month highs as a new coronavirus strain found in the UK threatened further lockdown measures. Backwardation spreads narrowed as demand from Asian refiners fell.

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Natural Gas Breaks Above Chart Resistance on Colder US Outlook

Natural gas prices moved higher this week on a bullish below-average temperature outlook from the NWS. Recently broken chart esistance may offer support to the downside in the weeks ahead

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How to Research Stocks: A Step by Step Guide

Do you know how to research stocks? Keep reading for insights and tools to supplement your stock investing strategy.

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Australian Dollar Forecast: AUD/USD on Backfoot Despite Stellar Retail Sales

The Australian Dollar is showing short term signs of exhaustion with AUD/USD failing to react to positive AU retail sales. Meanwhile, risk-off flows from the New York session may likely spill over ...

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Dow Jones Erases Intraday Slump, ASX 200 and Hang Seng May Fall

Dow Jones pared deep intraday losses and closed marginally higher as banking stocks cheered a Fed move to resume stock buybacks. The ASX 200 and Hang Seng look set to open in cautious mode amid low...

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Bitcoin (BTC) Price Outlook: Short-Term Pullback in the Making?

Bitcoin could be at risk of a short-term pullback as the popular cryptocurrency’s surge to fresh yearly highs appears to be running out of steam. Key technical levels to watch for the weeks ahead.

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USD Price Outlook: US Dollar Flops as Stimulus Deal Fuels Bears

US Dollar strength evaporated throughout Monday's trading session as USD price action erased gains across the board with Congress set to vote on a stimulus deal and an improvement in Brexit rhetoric.

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Brexit Latest: UK Deal Concession Sparks Rally in GBP/JPY, GBP/USD Rates

GBP/JPY and GBP/USD have reversed their daily losses – which exceeded -1% at times – and are now positive on the day.

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Canadian Dollar Price Forecast: USD/CAD Finds Resistance at Key Zone

A fast start to the week as a quick dose of risk aversion showed up. Is this but a blip or a sign of trends to come?

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Gold (XAUUSD) Price Slumps - Markets Rattled by Sharp Risk-Off Move

The precious metal slumped $40/oz. in 30 minutes, before recovering some of its losses, as risk markets and thin trading conditions boost volatility.

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Sterling Update: GBP/USD, EUR/GBP, GBP/JPY React to Brexit and COVID Latest

GBP extends losses as markets digest the latest Brexit and COVID concerns

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IBEX 35, DAX 30 Forecasts: Bears Take Control as Covid-19 Fights Back

European stock indices are deep in the red as a new strain of Covid-19 forces the UK to shutdown

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British Pound Outlook: Covid Mutation, Brexit Talks Undermine GBP/USD

The British Pound is at risk of significant losses as a new strain of coronavirus forces the tightening of local restrictions, and a no-deal Brexit scenario becomes increasingly likely.

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How to Trade the Impact of Politics on Global Financial Markets

In a slowing global economy, the threat of geopolitical risks destabilizing global growth are elevated and open the door to violent volatility – and trading opportunities.

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Sunday, 20 December 2020

Copper May Rise on US Stimulus Deal, Chinese Industrial Profits in Focus

Copper prices remain near recent 7-year highs as Congress nears a $900 billion Covid relief package. China's industrial profits move into focus for the red metal's path forward.

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Nasdaq 100, Tesla and Bitcoin Carry Hopes while GBPUSD, GBPJPY Suit Conditions

We are heading into the final two trading weeks of the year with liquidity expected to quickly dwindle. Yet with the Nasdaq 100, Tesla, Bitcoin and EURUSD pushing highs amid extended US stimulus an...

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US Dollar and Yen Up, British Pound Down as New Virus Strain Hits London

The anti-risk US Dollar and Japanese Yen rose while the British Pound fell as a new strain of the coronavirus forced London into lockdown. US negotiators agreed on a fiscal stimulus plan.

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Stock Market 1Q 2021 Forecast: Equity Markets to Enjoy Continued Economic Recovery, Loose Monetary Policy

Equity markets look to enter 2021 near record levels despite soaring coronavirus cases and sweeping lockdowns. Can stocks push higher with the help of a vaccine and government stimulus?

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Gold 1Q 2021 Forecast: Gold Outlook Bullish Headed into First Quarter, with Caveats

While the 1Q’21 gold price outlook is bullish, there are some caveats – mainly, that gold may not be the best performing metal, precious or otherwise.

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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...