S&P 500 Retreats Despite Powell’s Renomination, XLF Gains as U.S. Yields Soar

The S&P 500 closes lower at the start of the week, despite an earlier rally triggered by Powell's renomination to Fed chair. Meanwhile, the XLF ETF climbs about 1.4% on rising bond yields.

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FX Week Ahead - Top 5 Events: RBNZ Rate Decision; German Ifo Business Climate Index; US Durable Goods Orders; US Core PCE; November FOMC Minutes

The shortened holiday week packs in all of its important events and releases on Wednesday.

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NZD/USD Rate Outlook Hinges on RBNZ’s Last Rate Decision for 2021

The Reserve Bank of New Zealand (RBNZ) interest rate decision may sway the near-term outlook NZD/USD as the central bank is expected to deliver another rate hike.

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Gold Price Forecast: Gold Gutted After Powell Nom, XAU/USD Bear Flag

Gold prices are getting crushed today after Chair Powell was nominated for a second term, giving more credence to the 'transitory' narrative around inflation.

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EUR/USD Rate Weakness to Persist as RSI Holds in Oversold Zone

EUR/USD may continue to give back the advance from the July 2020 low (1.1185) as long as the Relative Strength Index (RSI) holds in oversold territory.

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Nasdaq 100 Forecast: U.S. Tech Stocks Remain Attractive as Real Yields Decline, Powell Reappointed

The reappointment of Fed Chair Jerome Powell had Nasdaq 100 investors cheering as hesitation abated. Falling real yields continue to buoy elevated NDX levels but technicals point to a looming corre...

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Jerome Powell Tapped by Biden for Second Term as U.S. Federal Reserve Chair

Arguably the most dovish chairman in recent Fed history, Jerome Powell, will continue to helm the U.S. Federal Reserve in a post-pandemic economy. Markets reacted well, with USD up and equities loo...

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Powell versus Brainard: Next Fed Chair Pros and Cons

US President Joe Biden is expected to make his decision on who will be the next Fed Chair in the coming days.

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Sentiment Indicators: Using IG Client Sentiment

IGCS is derived from actual data driven by live traders. Learn how to use IGCS as a technical indicator to compliment a multitude of approaches.

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EUR/USD Under Pressure amid German Lockdown Fears, Strong US Dollar

The Thanksgiving holiday may provide a slight reprieve for EUR/USD in a week that could see the currency drop towards 1.1200 depending on US data

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British Pound (GBP) Outlook – EUR/GBP Clinging on to Multi-Month Support

EUR/GBP remains stuck at recent support and further losses remain on the cards.

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USD/ZAR Forecast: Dollar Bid As Risk Aversion Extends, Rand to Test 16.00?

EM’s including the rand extend last week’s losses as markets flock to safe-haven currencies in the wake of COVID-19 fears

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Crude Oil Tanks on Speculation of Supply From the US and Japan. Will WTI Continue to Break Support?

Oil forecasts toward US$ 100 a barrel have been questioned by the market as strategic stockpiles may provide relief. Can oil slide further?

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Gold Price Rise Hits a Wall on Hawkish Fed Comments, Key US Data Eyed

Gold prices retreated as a Fed official loudly called for faster stimulus withdrawal. US PMI, PCE and GDP data informing monetary policy bets now comes into focus.

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AUD/USD Eyes Upside on Potential Loan Prime Rate Cut in China

AUD/USD has China's monthly Loan Prime Rate fixing in focus amid an otherwise quiet economic docket. A surprise cut could spur some strength in the Australian Dollar.

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Powell versus Brainard: Next Fed Chair Pros and Cons

US President Joe Biden is expected to make his decision on who will be the next Fed Chair in the coming days.

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Weekly Fundamental US Stocks Forecast: Time to Buy the Dip for Year-End Rally

The end of November and beginning of December is typically one of the best times of the year for US stocks. The Santa Claus rally nears.

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Markets Week Ahead: Dow Jones, US Dollar, Crude Oil, NZD/USD, RBNZ, Fed Nomination

Volatility gripped markets on Friday, sinking the Dow Jones and crude oil as the tech-heavy Nasdaq 100 rose. European lockdown threats are in focus, with a busy in the United States for the US Doll...

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Euro Forecast: EUR/USD Outlook No Brighter For Week Ahead Despite Savage Falls

The key question for EUR/USD traders in the coming week is whether all the negativity towards the Euro has now been so fully discounted that a rally is due. The answer? Probably not.

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British Pound Outlook: US Dollar Strength Holds GBP/USD Bulls at Bay

GBP/USD continues to struggle to climb higher as USD strength hinders the bulls ability to drive prices higher. EUR/GBP aims lower

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