Tuesday, 29 December 2020

Silver Price Outlook: XAG/USD Lower as Increased Direct Payments Hit Roadblock

Silver prices fell on Tuesday after increased stimulus payments to Americans hit a roadblock in the Senate. Wall Street trading ended the day mostly lower alongside XAG/USD as inflation bets eased.

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USD Price Outlook: US Dollar Volatility Eyes Year-End Flows

The US Dollar came back under pressure on Tuesday with USD price action weakening across the board of major currency pairs. This steered the DXY Index toward monthly lows, but will support hold?

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British Pound Price Forecast: GBP/USD Ascent Slows at Flurry of Resistance

A Brexit trade deal has offered a degree of certainty to the British Pound but gains have slowed as long-awaited expectations become reality. Will resistance spark a reversal lower in GBP/USD?

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Canadian Dollar Price Outlook: USD/CAD, GBP/CAD Levels to Watch

The Canadian Dollar has strengthened so far this week with USD/CAD and GBP/CAD price action recoiling lower. Can the Loonie extend its recent advance or will buying pressures dissipate?

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Dow Jones, Nasdaq 100 Forecasts for the Week Ahead

The Dow Jones and Nasdaq 100 have floated higher amid the holiday season as bullish sentiment remains even amid the quiet sessions. Here are the levels to watch in the week ahead.

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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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Euro Forecast: Bullish Breakout Attempts Starting in EUR/JPY, EUR/USD Rates

EUR/JPY rates have rallied to fresh yearly highs, while EUR/USD rates are racing towards the yearly high set earlier in December.

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Market Sentiment Positive, AUD/USD, NZD/USD, EUR/USD all Firm | Webinar

Trader confidence is high on the US stimulus package, the EU-UK trade deal and the coronavirus vaccine rollout, suggesting further gains for ‘risk-on’ assets.

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British Pound (GBP) Latest: GBP/USD Preparing for Future Gains

GBP/USD looks to be consolidating ahead of a further push higher as traders continue to welcome the post-Brexit trade deal between the EU and the UK.

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Monday, 28 December 2020

DAX 30 Index Storms to Record Highs on Vaccine Rollout, Brexit Relief

Germany’s DAX 30 index may continue to push higher on the back of the rollout of Pfizer’s Covid-19 vaccine and the agreement between the EU and UK on Brexit trade deal.

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Crude Oil Prices Struggle to Hold Gains as Stimulus Enthusiasm Fades

Crude oil prices regained some strength as the US House of Representatives voted to raise pandemic relief payments to $2,000 from $600, raising prospects for fuel demand. Yet demand concerns may ca...

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Indian Rupee Forecast: Will USD/INR Reverse as CPI Brings RBI Cuts in Focus?

The Indian Rupee has been struggling to capitalize on a weaker US Dollar. Will lower inflation expectations change USD/INR’s trajectory? What are some risks the Nifty 50 is facing?

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Natural Gas Outlook: Bears in Firm Control after Warmer Weather Forecasts

Natural gas prices are on track to record the worst monthly performance since December of 2018 following warmer than expected temperature forecasts spurring a rapid selloff.

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ASX 200, Nikkei 225 Climb as S&P 500 Hits Record High on Stimulus Bill

Stock markets in Asia-Pacific are climbing as President Donald Trump signed a $2.3 trillion package containing government funding and Covid relief stimulus. All three major US indices closed at rec...

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Australian Dollar Forecast: AUD/NZD, AUD/JPY Higher on Stimulus News

Increased fiscal stimulus bets in the U.S appears to have boosted sentiment this week with the Australian Dollar being a primary beneficiary. However, AUD/NZD and AUD/JPY face thinly traded tapes a...

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USD Price Outlook: Pound-Dollar Recoils Lower, Will it Last?

The US Dollar traded mixed on Monday as GBP/USD price action dropped 110-pips while EUR/USD notched a 27-pip advance and implied volatility readings cool off during the holidays.

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Moving Average (MA) Explained for Traders

The Moving Average is a popular indicator for identifying trends. Learn how to use and interpret MA.

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Dow Jones, Nasdaq 100 Forecasts for the Week Ahead

The Dow Jones and Nasdaq 100 have floated higher amid the holiday season as bullish sentiment remains even amid the quiet sessions. Here are the levels to watch in the week ahead.

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Gold Price Flirting with Potential Breakout Above $1,900

Gold prices have rallied over 5% so far this month as precious metals stage a bullish recovery off recent lows, but can gold price action eclipse technical resistance posed by the $1,900-level?

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Brexit Latest: Deal Fails to Inspire GBP/JPY, GBP/USD Breakouts

It’s the first full trading day since the Brexit deal was announced and the British Pound is trading…lower?

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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...