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Dow Jones Propelled by Vaccine Hopes, Singapore Stocks at 5-Month High

Posted by By 11/11/2020Posted inForex
Sectoral rotation continued to play out on Wall Street, with energy and industrial stocks outperforming technology shares. The Dow Jones closed 0.5% below its all-time high. Singapore stocks are fa...
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New Zealand Dollar: NZD/USD Edges Higher Following RBNZ Rate Decision

Posted by By 11/11/2020Posted inForex
The Reserve Bank of New Zealand held its official cash rate at 0.25% on Wednesday, sending the New Zealand Dollar slightly higher as negative rate bets faded.
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Russell 2000 Index May Continue to Rise on Rotation Trade, AUD/NZD Eyes RBNZ

Posted by By 11/11/2020Posted inForex
Investors in the U.S. equity market continued to rotate out of tech as the 10-year Treasury yield climbed to its highest level since March. Meanwhile, the RBNZ rate decision is…
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Gold Price Outlook: Will a Covid Vaccine Kill the Bull Case for Gold?

Posted by By 10/11/2020Posted inForex
Gold has been on a rollercoaster ride this week as it suffered a significant retracement Monday, only to begin recouping losses as the week progressed. But has the fundamental landscape…
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New Zealand Dollar Outlook: NZD/USD Eyes RBNZ Rate Decision Due

Posted by By 10/11/2020Posted inForex
NZD/USD price action is perched at its strongest level since early 2019 as commodity currencies like the Kiwi piggyback off US Dollar weakness, but a dovish RBNZ might undermine recent…
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Euro Outlook: EUR/USD Breakout Fails Resistance- Election Rally Over?

Posted by By 10/11/2020Posted inForex
Euro snapped a four-day winning streak yesterday with price reversing off the 2020 high-day close. These are the levels that matter on the EUR/USD technical charts.
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Dow, Russell, Nasdaq Price Forecast: Equities Bifurcate on Covid News

Posted by By 10/11/2020Posted inForex
Excitement punctuated this week's open but a number of questions remain on the Nasdaq, Russell and Dow.
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Will Trade Wars Persist After the US Election?

Posted by By 10/11/2020Posted inForex
What will the global economy and international trade regime look like under a Trump or Biden administration and how will that impact foreign exchange markets?
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DAX 30, CAC 40 Technical Analysis: Sharp Surge Changes Outlook

Posted by By 10/11/2020Posted inForex
The European indices burst from multi-month lows in recent sessions; has important top-side levels in play.
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EUR/CHF IG Client Sentiment: Our data shows traders are now net-short EUR/CHF for the first time since Jun 11, 2020 when EUR/CHF traded near 1.07.

Posted by By 10/11/2020Posted inForex
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/CHF-bullish contrarian trading bias.
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