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Natural Gas Breaks Above Chart Resistance on Colder US Outlook

Posted by By 22/12/2020Posted inForex
Natural gas prices moved higher this week on a bullish below-average temperature outlook from the NWS. Recently broken chart esistance may offer support to the downside in the weeks ahead
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Australian Dollar Forecast: AUD/USD on Backfoot Despite Stellar Retail Sales

Posted by By 22/12/2020Posted inForex
The Australian Dollar is showing short term signs of exhaustion with AUD/USD failing to react to positive AU retail sales. Meanwhile, risk-off flows from the New York session may likely…
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Dow Jones Erases Intraday Slump, ASX 200 and Hang Seng May Fall

Posted by By 22/12/2020Posted inForex
Dow Jones pared deep intraday losses and closed marginally higher as banking stocks cheered a Fed move to resume stock buybacks. The ASX 200 and Hang Seng look set to…
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Bitcoin (BTC) Price Outlook: Short-Term Pullback in the Making?

Posted by By 22/12/2020Posted inForex
Bitcoin could be at risk of a short-term pullback as the popular cryptocurrency’s surge to fresh yearly highs appears to be running out of steam. Key technical levels to watch…
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USD Price Outlook: US Dollar Flops as Stimulus Deal Fuels Bears

Posted by By 21/12/2020Posted inForex
US Dollar strength evaporated throughout Monday's trading session as USD price action erased gains across the board with Congress set to vote on a stimulus deal and an improvement in…
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Brexit Latest: UK Deal Concession Sparks Rally in GBP/JPY, GBP/USD Rates

Posted by By 21/12/2020Posted inForex
GBP/JPY and GBP/USD have reversed their daily losses – which exceeded -1% at times – and are now positive on the day.
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Crude Oil Price Forecast: Drops from Resistance to Trend Support – Levels for Crude Futures

Posted by By 21/12/2020Posted inForex
After a strong run through the first three weeks of the month, crude oil prices have pulled back sharply ahead of the holidays.
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Australian Dollar Forecast: Aussie Rally Tempting a Turn?

Posted by By 21/12/2020Posted inForex
Australian Dollar is poised to snap a five-week winning streak as the breakout eyes technical resistance. These are the levels that matter on the AUD/USD weekly chart.
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Canadian Dollar Price Forecast: USD/CAD Finds Resistance at Key Zone

Posted by By 21/12/2020Posted inForex
A fast start to the week as a quick dose of risk aversion showed up. Is this but a blip or a sign of trends to come?
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Ethereum IG Client Sentiment: Our data shows traders are now at their most net-long Ethereum since Dec 18 when Ethereum traded near 132.39.

Posted by By 21/12/2020Posted inForex
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Ethereum-bearish contrarian trading bias.
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