Tuesday, 22 December 2020

Gold Prices Edge Higher After Trump Rejects the US Stimulus Package

Gold prices reversed a 3-day decline and edged higher on Wednesday as President Trump refused to sign the US stimulus package. A new type of Covid-19 strain threatens further lockdowns and growth p...

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US Dollar Forecast: Stimulus Delay, New Virus Strain, Brexit Threaten SGD and THB

The US Dollar may rise against ASEAN currencies like the Singapore Dollar and Thai Baht as US fiscal stimulus woes, a coronavirus mutation and ‘no-deal’ Brexit threaten market volatility.

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Swiss Franc Technical Analysis: NZD/CHF, CAD/CHF, AUD/CHF Setups to Watch

Chart setups in the Swiss Francoffer key price levels and patterns that can give way to potential swings in the coming week across NZD/CHF, CAD/CHF, and AUD/CHF.

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ASX 200, Nikkei 225 Open Higher as Nasdaq 100 Leads a Defensive Play

Asia-Pacific stock markets look set to open mixed following a defensive session on Wall Street. The Nasdaq 100 index gained 0.5% whereas the broader benchmarks closed lower amid virus concerns and ...

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New Zealand Dollar Analysis: NZD/USD Weakens on Broader Risk Aversion

The risk-sensitive New Zealand Dollar fell against the Greenback as traders digested a worsening situation around new Covid restrictions in Europe.

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USD Price Outlook: US Dollar Rebound Attempt in Focus

The US Dollar advanced broadly on Tuesday in an apparent second-go at a rebound attempt that fizzled out during the prior trading session. Is USD price action gearing up for a bullish reversal or w...

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Euro Forecast: Breakouts Constrained, Further Gains May Have to Wait for EUR/JPY, EUR/USD Rates

EUR/USD has fallen back into its bull flag, while EUR/JPY never left its flag in the first place.

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Gold Price Forecast: XAU/USD Readying for Break into 2021

Gold prices have been strong so far for December - but can bulls continue to push into the New Year, or is another bearish wave awaiting?

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US Dollar Probes Session Highs in Wake of Consumer Confidence Data

The US Dollar is extending higher on the back of disappointing consumer confidence data just crossing the wires as markets grapple with a risk-off tone amid a resurgence of Covid-19 concerns.

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Rand Dollar Forecast: USD/ZAR Selling Pressure Perseveres, For Now

Stimulus talks weigh on Dollar, fueling selling pressure

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Japanese Yen Outlook: USD/JPY, CAD/JPY Price Action Set-Up

USD/JPY to maintain tight range into year end, CAD/JPY eyes support amid breakdown.

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Euro Latest: EUR/USD, EUR/GBP, EUR/JPY Levels to Watch

The euro corrects slightly on the back of a risk-off move bure remains resilient against other major currencies

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British Pound (GBP) Latest - Talk of Brexit Compromise Boosts Sterling

According to a range of reports, the UK has offered the EU a compromise on fisheries in an effort to break the current Brexit deadlock.

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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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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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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...