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ASX 200, Nikkei 225 Climb as S&P 500 Hits Record High on Stimulus Bill

Posted by By 29/12/2020Posted inForex
Stock markets in Asia-Pacific are climbing as President Donald Trump signed a $2.3 trillion package containing government funding and Covid relief stimulus. All three major US indices closed at rec...
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Australian Dollar Forecast: AUD/NZD, AUD/JPY Higher on Stimulus News

Posted by By 29/12/2020Posted inForex
Increased fiscal stimulus bets in the U.S appears to have boosted sentiment this week with the Australian Dollar being a primary beneficiary. However, AUD/NZD and AUD/JPY face thinly traded tapes…
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USD Price Outlook: Pound-Dollar Recoils Lower, Will it Last?

Posted by By 28/12/2020Posted inForex
The US Dollar traded mixed on Monday as GBP/USD price action dropped 110-pips while EUR/USD notched a 27-pip advance and implied volatility readings cool off during the holidays.
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Dow Jones, Nasdaq 100 Forecasts for the Week Ahead

Posted by By 28/12/2020Posted inForex
The Dow Jones and Nasdaq 100 have floated higher amid the holiday season as bullish sentiment remains even amid the quiet sessions. Here are the levels to watch in the…
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Gold Price Flirting with Potential Breakout Above $1,900

Posted by By 28/12/2020Posted inForex
Gold prices have rallied over 5% so far this month as precious metals stage a bullish recovery off recent lows, but can gold price action eclipse technical resistance posed by…
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Brexit Latest: Deal Fails to Inspire GBP/JPY, GBP/USD Breakouts

Posted by By 28/12/2020Posted inForex
It’s the first full trading day since the Brexit deal was announced and the British Pound is trading…lower?
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Bitcoin Price Forecast: BTC/USD Soars to New Heights. Where to Next?

Posted by By 28/12/2020Posted inForex
Bitcoin surged to record levels over the quiet holiday period, briefly trading above the $28,000 mark. With new levels reached and an optimistic outlook, what is the next major price…
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Canadian Dollar Forecast: Loonie Yet to Take Flight – Setups in CAD/JPY, USD/CAD Rates

Posted by By 28/12/2020Posted inForex
News flow boosting risk appetite has helped counter year-end repositioning, which was hurting the Canadian Dollar.
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EUR/CHF IG Client Sentiment: Our data shows traders are now net-short EUR/CHF for the first time since Dec 18, 2020 when EUR/CHF traded near 1.08.

Posted by By 28/12/2020Posted 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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US Dollar Forecast: Sell the Rumor, Buy the News? Levels for DXY Index

Posted by By 28/12/2020Posted inForex
The US Dollar (via the DXY Index) has traded higher, even as US fiscal stimulus is formalized and a government shutdown is avoided.
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