US Dollar Outlook Dictated by Stimulus Talks Ahead of FOMC Meeting
The US Dollar may slide lower on the back of progress in fiscal aid talks. However, the FOMC’s wait-and-see approach to monetary policy may inspire a short-term rebound.
Australian Dollar Down Despite On-Trend Chinese Economic Data
The Australian Dollar saw a modestly negative reaction to a mixed bag of Chinese economic data outcomes. AUD/USD slipped in broadly risk-off Asia-Pacific trade.
New Zealand Dollar May Rise After Pullback as Market Mood Brightens
The New Zealand Dollar may rise after a pullback from chart resistance, buoyed by firming risk appetite. Wall Street ended Monday mixed but progress on US stimulus may now lift…
USD Price Outlook: US Dollar Oscillates in Effort to Form Support
The broader US Dollar dropped to a fresh two-year low early Monday, but USD price action staged a notable reversal as market sentiment and risk appetite deteriorated throughout the session.
Nasdaq 100 Price Outlook: Tech Stocks Remain Bright Spot Amid Weakness
The Nasdaq 100 reclaimed its spot as the leading US index in December, outpacing both the S&P 500 and Dow Jones thus far. The tech-heavy index trades narrowly beneath record…
NZD/USD Clears Monthly Opening Range to Push RSI Into Overbought Zone
NZD/USD clears the opening range for December, with the advance from the monthly low (0.7006) pushing the Relative Strength Index (RSI) back into overbought territory.
Pound Outlook: Sterling Levels to Watch as GBP/USD Rebound Falters
Sterling gapped higher into the open before reversing sharply - the weekly opening-range is set. Here are the levels that matter on the GBP/USD technical charts.
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.
Top 10 Candlestick Patterns To Trade the Markets
Discover the 10 most reliable candlestick patterns for trading the financial markets.
Gold Price Outlook: XAUUSD Ready to Run – but Which Way?
Gold is in a precarious spot, and that can apply to both bulls and bears ahead of a big week of economic data and drivers.