Thursday, 7 January 2021

British Pound (GBP) Latest: USD Stabilizing, Hitting GBP/USD, EUR/USD, AUD/USD

The US Dollar is modestly higher in early European trade Thursday, hitting currencies like Sterling and the Euro, but the downward trend in USD is likely to resume.

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EU Stoxx 50 May Fall Despite Approval of Moderna Covid-19 Vaccine

Europe’s benchmark EU Stoxx 50 index may lose ground in the coming days despite the regulatory approval of Moderna’s Covid-19 vaccine as price runs into key resistance.

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Wednesday, 6 January 2021

Crude Oil Gains, Gold Sinks on Fiscal Stimulus Hopes Despite Capitol Hill Unrest

Crude oil prices rallied with equities despite a clash on Capitol Hill.Gold fell as Treasury yields climbed on more fiscal stimulus prospects. What are key levels to watch for ahead?

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Mexican Peso Outlook at the Mercy of US Economic Trends

Understanding the US-Mexico relationship and how the ebb and flow of economic activity in the former impacts the latter is crucial for trading USD/MXN.

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Dow Jones Climbs on Democratic Sweep, Nikkei 225 and ASX 200 Open Higher

The Dow Jones and S&P 500 climbed on a likely Democratic win of the two Georgian Senate seats, brightening the prospect for stimulus and infrastructure spending.

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Australian Dollar, S&P 500 May Rise as Georgia Senate Race Boosts Stimulus Bets

The Australian Dollar may rally with the S&P 500 despite Capitol Hill’s temporary lockdown as markets welcome fiscal stimulus prospects after Democrats likely won both Senate seats in Georgia.

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USD Price Outlook: US Dollar Mixed Amid Clash on Capitol Hill

The US Dollar lacked clear direction during Wednesday's trading session as USD price action gyrated in response to surging Treasury yields and disconcerting developments on Capitol Hill.

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FTSE 100 Forecast: Can the Bullish Break Out Continue Post-Brexit?

The FTSE 100 has charged higher this week, adding to gains established over the last few months. Can it continue higher now that Brexit has passed?

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AUD/USD Pushes Above April 2018 High as RSI Sits in Overbought Zone

The Relative Strength Index (RSI) indicates a further appreciation in AUD/USD as the oscillator holds in overbought territory.

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NFP and Forex: What is NFP and How to Trade It?

Non-farm payroll figures are highly anticipated by forex traders. Find out how they affect trading.

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Canadian Dollar Forecast: USD/CAD Falling Wedge Threatens Reversal

The past eight months have been especially bearish for USD/CAD. Jumping from a two-year-low, can bulls stage anything more than a pullback?

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EUR/USD Rate Approaches April 2018 High Despite RSI Divergence

EUR/USD clears the range bound price action from earlier this week even though the RSI diverges with price, with Euro Dollar approaching the April 2018 high (1.2414).

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US Tech Stocks Break Down, FTSE 100 Soars, USD/JPY Upside Capped - US Market Open

Democrats on Course for Blue Wave Following Georgia Senate Election

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Bitcoin (BTC) Hits New All-Time High, Ethereum (ETH) Jumps Further as Volatility Soars

The cryptocurrency buying frenzy continues with Bitcoin hitting a new ATH while a host of altcoins rack up fresh hefty gains.

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US Dollar, Nasdaq 100, US Rates React to Likely Democrat Sweep

US Dollar at Risk, Nasdaq 100 Breaks Down, US Rates Soar After Key Level is Breached.

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How to Manage the Emotions of Trading

Controlling emotions while trading can prove to be the difference between success and failure.

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British Pound (GBP) Latest: GBP/USD Rides the Wave Higher on Georgia Votes

The US Democrats look well placed to win both Senate seats on offer in Georgia, giving them effective control of both Houses of Congress, sending USD lower and currencies like GBP higher.

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Nasdaq 100 Staggers Lower as Democratic Sweep in Georgia Looks Likely

The tech-heavy Nasdaq 100 index could be at risk of extended losses as a Democratic “Blue Wave” becomes increasingly likely and price begins to challenge pivotal uptrend support.

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Tuesday, 5 January 2021

Gold, Copper Prices Retreat amid Tight Races in Geogia's Senate Runoff Election

Gold and copper prices receded from their recent highs as investors await Georgia Senate runoff election results. An initial Democratic lead narrowed. The US Dollar rebounded from a two-and-half ye...

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USD/CNH,AUD/USD Unfazed on Chinese PMI Report, Eyeing US Senate Runoffs

USD/CNH and AUD/USD are eyeing US Senate runoffs after Chinese services PMI data for December showed signs of strength as the country looks to rebuild and rebound from the COVID-19 pandemic.

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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...