Wednesday, 30 December 2020

Gold Price (XAU/USD) Stalls at Resistance

Gold Prices continue to test key psychological level as US selling pressure prevails.

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EUR/USD Hits New Yearly High as China/EU Announce Bilateral Investment Deal

China and the European Union have announced political approval of a bilateral investment deal. Seven years in the making, the deal looks to increase the economic ties between the two.

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Euro 1Q 2021 Forecast: Can the ECB Curb the Euro's Strength?

The European Central Bank has made clear that it does not want to see EUR/USD above the 1.20 mark, once seen as its ‘line in the sand’ for the pair. But it’s hard to see what it can do about it.

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Sterling Q1 2021 Forecast: GBP/USD Closing a Tumultous Year on the Front Foot

Sterling’s technical analysis has played second fiddle to overarching fundamentals in the past year, but that may change in the first quarter of 2021.

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As a New Retail Trader Age Rises, Heed Tales of Past Manias

In spring 2020, the temporary closures of professional sports leagues during the initial coronavirus pandemic lockdown anointed a new class of retail traders in financial markets.

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US Dollar Breakdown Pushes EUR/USD to Fresh Yearly Highs

US Dollar slide shows little signs of abating, pushing USD majors to higher levels. Euro falls short of 1.23.

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British Pound (GBP) Latest: GBP/USD Likely to Head Back Above 1.36

GBP/USD is benefiting from a weak USD as optimism about loose monetary policy worldwide and the roll out of coronavirus vaccines lifts ‘risk-on’ assets including GBP, EUR and AUD.

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Tuesday, 29 December 2020

Dow Jones, Russell 2000 at Risk as Senate Blocks Stimulus Checks Vote

The Dow Jones and Russell 2000 may come under pressure in the near term as Senate Republicans blocked an attempt by Democrats to increase stimulus payments to $2000.

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Gold, Crude Oil Prices Climb as US Dollar Sinks. Eyes on Senate Stimulus Talks

Gold and crude oil prices are gaining during Wednesday’s APAC trading session as the US Dollar weakens. Will this trend continue over the remaining 24 hours? All eyes are on US stimulus talks.

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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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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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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...