U.S. stocks gave up the large gains posted in the morning and ended the day sharply lower amid strong risk aversion after the CDC confirmed the first Omicron variant case in the country.
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Wednesday, 1 December 2021
USD/CAD Rate Eyes September High as RSI Pushes into Overbought Zone
Recent developments in the Relative Strength Index (RSI) indicate a further appreciation in USD/CAD as the oscillator climbs above 70 to push into overbought territory.
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Omicron Lands in the U.S., Implications for the USD and S&P 500
The Omicron variant has now been identified in the United States, and this created a quick reaction across U.S. markets.
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Gold Price to Face Further Losses on Failure to Defend November Low
The price of gold may face a further decline over the coming days if it fails to defend the November low ($1759).
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USD, EUR/USD, Gold and Oil: Fibonacci for Price Action Levels
Markets can be messy, chaotic and difficult to forecast. But a trader's reactions are often the keys, and learning where or how to look for those reactions can be helpful.
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Canadian Dollar Price Forecast: USD/CAD Intra-Day Price Setup
CAD may surrender recent gains against the dollar as the drop in WTI and renewed bullish Fed tone opens the door to a USD/CAD bullish continuation
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USD Breaking News: Dollar Undeterred by Mixed PMI’s, NFP in Focus
Varied Markit and ISM U.S. PMI prints for November resulted in a slightly weaker dollar as the spotlight now shifts to NFPs on Friday.
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British Pound (GBP) Outlook: GBP/USD in The Grip of Lower Highs and Lower Lows
Cable is clawing back most of Tuesday's spike sell-off but the technical outlook for the pair remains weak.
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What Does a Forex Spread Tell Traders?
Improve your knowledge of the spread, which is based on the buy and sell price of a currency pair.
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S&P 500 Technical Set-Up Looking Ominous, Hawkish Fed a Headwind
S&P 500 monthly close sets up a technically weak outlook. Hawkish Fed a headwind.
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Ethereum/Bitcoin (ETH/BTC) Spread Hitting a Multi-Year High
Ethereum's out-performance against Bitcoin has seen the ETH/BTC spread hit levels last seen in May 2018 and one longer-term technical indicator remains positive.
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FTSE 100 Price Outlook: Bounce Likely to Continue as Omicron Fears Fade
Concerns about the impact of the Omicron variant of Covid-19 look to be dissipating, helping global stock indexes rally after their recent falls.
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Tuesday, 30 November 2021
Trading Forex at the News Release
Learn how to trade forex news at the release with our top news trading strategies
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AUD/USD Bounces as US Dollar Digests Powell Pivot and Data Beat. Where To From Here?
The Australian Dollar made a new low overnight on the back Fed Chair Jerome Powell retiring transitory inflation. Will the AUD/USD downtrend continue?
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Crude Oil Forecast: OPEC+ on Tap as Prices Languish Below Key Moving Average
Oil prices fell sharply in November as a myriad of factors weighed on prices. OPEC+ is meeting this week and the cartel is likely to take a cautious approach until the Omicron threat is further ass...
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Gold Prices Sink as Powell’s Pivot Lifts Treasury Yields. Will XAU/USD Go Lower?
Gold prices moved lower on Fed Chair Jerome Powell changing tack around transitory inflation to push Treasury yields higher. Will XAU/USD weaken further?
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Australian Dollar Forecast: AUD/USD Aims Higher on Third Quarter GDP Beat
The Australian Dollar is on the move lower versus the US Dollar despite Australia's third-quarter GDP growth beating estimates. The Omicron variant and a more hawkish Fed Chair has markets cautious.
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How to Trade the Impact of Politics on Global Financial Markets
In a slowing global economy, the threat of geopolitical risks destabilizing global growth are elevated and open the door to violent volatility – and trading opportunities.
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IBEX 35 Heads Lower on Renewed Virus Fears as Omicron Variant Spreads Across EU
The IBEX 35 Index rounded out November by finishing 1.8% lower, with losses fueled by renewed virus fears.
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Dow to Nasdaq Ratio, Crude Oil, Treasury Curve: Top Three Monthly Charts as December Begins
We have closed out November and are now heading into the final month of the trading year. With seasonal expectations competing with critical fundamental concerns, these are top three big-picture ch...
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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...
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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....