Tuesday, 5 January 2021

Hang Seng Index Edges Higher as Dow Jones Rebounds With Crude Oil

Crude oil prices advanced 5% after Saudi Arabia surprised markets with a production cut. Wall Street stocks closed broadly higher led by material and energy sectors and much stronger manufacturing ...

from DailyFX - Market News https://ift.tt/38ghVN7
via IFTTT

Japanese Yen Price Outlook: AUD/JPY, CAD/JPY, NZD/JPY Levels to Watch

The Japanese Yen could be at risk of extended losses, as price hovers precariously above sentiment-defining support. AUD/JPY, CAD/JPY, NZDJPY levels to watch.

from DailyFX - Market News https://ift.tt/3hLwKKU
via IFTTT

Australian Dollar Outlook: Chinese PMIs, U.S. Runoff Elections in Focus

Upcoming Chinese PMI data and Georgia's Senate runoff elections in the United States look set to dictate sentiment over the next 24 hours with AUD/USD running to the upside

from DailyFX - Market News https://ift.tt/3hLDxnI
via IFTTT

AUD/USD Rips, USD/CAD Swoons as US Dollar Eyes Senate Runoff

The US Dollar pivoted lower on Tuesday and reversed the prior session's rebound with Georgia senate runoff election results in focus. AUD/USD advanced decisively while USD/CAD edged lower.

from DailyFX - Market News https://ift.tt/2L69MSH
via IFTTT

Nasdaq 100, Dow Jones, S&P 500 Look to Georgia Senate Runoff

US indices have begun the year with a volatile start, fluctuating significantly as covid concerns and political uncertainty take turns influencing sentiment.

from DailyFX - Market News https://ift.tt/35cUy5b
via IFTTT

NZD/USD Clears 2020 High to Push RSI Towards Overbought Territory

NZD/USD may continue to exhibit a bullish behavior as it clears the 2020 high (0.7241), while the Relative Strength Index (RSI) flirts with overbought territory.

from DailyFX - Market News https://ift.tt/2MCgCjq
via IFTTT

Mexican Peso Forecast: Coiling, Awaiting Next Downside Move - Levels for USD/MXN Rate

Unlike other FX pairs, USD/MXN has yet to see meaningful volatility in the first trading days of 2021.

from DailyFX - Market News https://ift.tt/3ohC1fJ
via IFTTT

British Pound Techs: GBP/USD Two-Year-Highs, GBP/JPY Wedge Break

Sterling started the year on a strong note. But that turned around yesterday, begging the question as to whether bulls will be able to retain the reins of the British Pound.

from DailyFX - Market News https://ift.tt/3rWfgjH
via IFTTT

USD/CAD Rate Outlook Mired by Break Below 2020 Low

USD/CAD may remain under pressure ahead of Canada’s Employment report as the exchange rate takes out the 2020 low (1.2688).

from DailyFX - Market News https://ift.tt/38gjivx
via IFTTT

December ISM Manufacturing PMI Strongly Beats Expectations

ISM Manufacturing PMI Report for December set a pandemic record, showing continued expansion in the manufacturing sector despite increasing economic challenges elsewhere.

from DailyFX - Market News https://ift.tt/2XdrS84
via IFTTT

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.

from DailyFX - Market News https://ift.tt/2MsCQnO
via IFTTT

Markets Braced for Georgia Senate Election Risk, Crude Oil Eyes OPEC - US Market Open

A continuation of equities remaining defensive. Georgia Senate runoff presents key risks, while oil looks to OPEC+

from DailyFX - Market News https://ift.tt/35ctGCv
via IFTTT

EUR/GBP Price Outlook: EURGBP Post-Brexit Price Action

EUR/GBP has produced numerous long wicks in the lead up to the December 31st Brexit deadline but how is price action likely to play out at the start of 2021?

from DailyFX - Market News https://ift.tt/2LpJYAJ
via IFTTT

EUR/USD Continues to Press Higher, Eyes 1.2556 Multi-Year High

The ongoing weakness of the US dollar is allowing EUR/USD to push higher with little on the daily chart stopping the pair from printing a fresh multi-year high.

from DailyFX - Market News https://ift.tt/2Lm5pTo
via IFTTT

USD/ZAR Outlook: Breakout Possibility Ahead for Rand Bulls

With vaccine optimism in the limelight, how will Rand price action unfold in 2021?

from DailyFX - Market News https://ift.tt/38bYxB4
via IFTTT

Gold Price Analysis: Key Gold Levels to Watch Amid Georgia Senate Runoff Risk

A new year, but the same narrative continues to drive financial markets . All eyes on Georgia Senate runoff.

from DailyFX - Market News https://ift.tt/2LqjUp6
via IFTTT

FTSE 100 Forecast - Support Holds Despite Renewed Lockdown

The FTSE is holding on to positive momentum as the path of least resistance continues to be higher

from DailyFX - Market News https://ift.tt/2JJK85C
via IFTTT

British Pound (GBP) Latest: GBP/USD Resumes Advance as England Enters Lockdown

News that England is moving back into lockdown because of rising Covid-19 infections has been well received by GBP traders, lifting GBP/USD modestly after Monday’s falls.

from DailyFX - Market News https://ift.tt/3pTRqmD
via IFTTT

Canadian Dollar Outlook: USD/CAD May Fall Ahead of Employment Data

USD/CAD rates may continue to slide lower as the rollout of multiple coronavirus vaccines and substantial fiscal support buoys Canadian consumer confidence.

from DailyFX - Market News https://ift.tt/3hIWqro
via IFTTT

Monday, 4 January 2021

Crude Oil Prices Testing Key Chart Support Ahead of OPEC+ Meeting

Crude oil prices retraced to a key chart support level as markets await production guidance from an OPEC+ meeting amid souring sentiment. A national lockdown in the UK weighed on the demand outlook.

from DailyFX - Market News https://ift.tt/35cP8Y1
via IFTTT

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...