FTSE 100 Technical Outlook – Support at Risk, March Retest Could Be In the Works
The FTSE is probing near the bottom of a solid channel structure; a break of the pattern could see selling accelerate.
RBNZ Monetary Policy Decision: What to Watch Out For
RBNZ expected to maintain policy, while commentary on NZD will be particularly important.
USD/JPY IG Client Sentiment: Our data shows traders are now at their most net-long USD/JPY since Mar 08 when USD/JPY traded near 103.93.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/JPY-bearish contrarian trading bias.
British Pound (GBP) Latest: GBP/USD at Risk of Sharp Fall if Support Breaks
GBP/USD is close to an important support level. If it breaks, the pair will hit a two-month low and further falls would be likely as a second coronavirus lockdown looms…
EU Stoxx 50 Index at Risk as COVID-19 Second Wave Fuels Volatility
Europe’s benchmark EU Stoxx 50 index is at risk of extending its slide lower as Covid-19 ‘second wave’ fears trigger a surge in volatility.
Crude Oil Prices Weighed by Demand Concerns, Rising US Dollar
Risk-off sentiment and a stronger US Dollar hit crude oil prices hard, as resurging coronavirus cases in Europe and potential lockdowns weighed on the energy demand outlook.
US Dollar Struggles as S&P 500 Diverges With Emerging Market Capital
The US Dollar is struggling against ASEAN currencies despite weakness in the S&P 500. Capital remains flowing into emerging markets, keeping USD under pressure, could this change?
Gold and Silver Vulnerable on Stagnating Stimulus Talks, USD Resurgence
Gold and silver are at risk of extending their slide from monthly highs as the lack of additional fiscal stimulus and rising geopolitical tensions underpin USD.
Dow Jones Supported by 100-Day SMA, Strong US Dollar Sinks XAG/USD
Stock markets fell sharply as resurging Covid-19 cases in Europe soured risk appetite. Safe-haven demand drove up the US Dollar, which catalysed an 8% decline of silver prices.
USD, GBP, EUR Volatility Ahead of Cross-Continental Geopolitical Risks
The US Dollar, British Pound and Euro will all be closely watching key geopolitical developments in North America (Powell testimony), the UK (Brexit talks) and Europe (EU summit).