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USD/JPY May Rise on Vaccine Hopes Despite Election Dispute, Chinese CPI Eyed

Posted by By 10/11/2020Posted inForex
Risk-on trading looks to continue following a broad-based rally during the U.S. trading session. Covid-19 vaccine hopes may overshadow election disputes that the Trump administration is pursuing. C...
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Dow Jones Forecast: Covid Vaccine May Breathe New Life Into DJIA

Posted by By 09/11/2020Posted inForex
A potential coronavirus vaccine sent stocks and other risk assets soaring on Monday, pioneered by an unusual leader in the Dow Jones. Will a vaccine strengthen the Dow Jones further?
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Gold Price Forecast: XAU Slammed to Support on Covid Vaccine News

Posted by By 09/11/2020Posted inForex
When good news goes wrong, at least for Gold bulls, as the yellow metal is down approximately 5% after positive developments for a Covid vaccine.
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USD/JPY Price Analysis: USDJPY Rockets Higher after Vaccine Optimism

Posted by By 09/11/2020Posted inForex
USD/JPY experienced a large surge in price after Pfizer announced positive results relating to their Covid-19 vaccine
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Gold IG Client Sentiment: Our data shows traders are now at their most net-long Gold since Oct 30 when Gold traded near 1,878.85.

Posted by By 09/11/2020Posted inForex
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Gold-bearish contrarian trading bias.
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Canadian Dollar Outlook: USD/CAD Swoons as Crude Oil Price Surges

Posted by By 09/11/2020Posted inForex
USD/CAD price action plummeted to fresh yearly lows this morning as the Canadian Dollar surges with crude oil in response to encouraging coronavirus vaccine headlines.
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FTSE 100 IG Client Sentiment: Our data shows traders are now net-short FTSE 100 for the first time since Aug 13, 2020 when FTSE 100 traded near 6,189.00.

Posted by By 09/11/2020Posted inForex
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger FTSE 100-bullish contrarian trading bias.
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US Presidential Election Impact on Markets: Initial Reaction

Posted by By 09/11/2020Posted inForex
It appears that Democrat Joe Biden will be the next president of the United States. What does this mean for financial markets?
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Markets Week Ahead: Dow Jones, Gold, US Dollar, US Election Aftermath, Where to?

Posted by By 09/11/2020Posted inForex
The Dow Jones, S&P 500 and Nasdaq 100 soared the most since early April as Joe Biden took the lead in the US election. The US Dollar sank and gold…
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Weekly Crude Oil Technical Forecast: Rangebound and Down

Posted by By 09/11/2020Posted inForex
Crude oil prices continue to chop around in a mostly sideways range.
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