NZD/USD Rate Rebound Pulls RSI Out of Oversold Territory
NZD/USD extends the rebound from a fresh yearly low (0.6737) to pull the Relative Strength Index (RSI) out of oversold territory.
Swiss Franc Technical Analysis: GBP/CHF, CHF/JPY, NZD/CHF
Recent Swiss Franc strength has multiple crosses at key technical points. These are the setups for GBP/CHF. CHF/JPY and NZD/CHF.
S&P 500 Ekes Out Small Gain, but Travel Stocks Soar on Omicron Hope
S&P 500 rises for third straight day but loses some steam, while travel stocks soar on news that three doses of Pfizer and BioNTech’s vaccine protect against the omicron variant.
Oil Price Recovery in Focus as Crude Clears December Opening Range
The price of oil may stage a larger recovery over the coming days as it clears the opening range for December after defending the August low ($61.74).
Gold Price Forecast: Gold Breakout Potential, but Bearish Bias Remains
Gold prices retain a bearish bias after the recent break of the bear flag, but there may be a bullish flicker before bears are ready to re-test the lows.
Central Bank Watch: BOC, RBA, & RBNZ Interest Rate Expectations Update
Market pricing has shifted after the final BOC and RBA rate decisions of 2021.
Canadian Dollar Price Action post-BoC: USD/CAD, CAD/JPY, Eyes on Oil
USD/CAD is bouncing from support as CAD/JPY tests a big spot of resistance. Friday's CPI print combined with recovery in Oil prices can keep these pairs on the move ahead…
Bank of Canada Disappoints Canadian Dollar Bulls
BoC maintains view on economic slack assessment, CAD pulls back
Dow Jones, S&P 500, Nasdaq 100 Forecast: Stocks Staring at New Highs
The market found support and surged from it; the powerful portion of the rally may be over but a trip to new highs looks likely.
EUR/USD Ongoing Weakness, EUR/GBP Aided by UK Political Shambles, EUR/CAD Eyes BoC
Euro traders have plenty to look at currently, aside from Omicron cases, with politics and central bank decisions foremost.