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US Dollar Outlook Dictated by Stimulus Talks Ahead of FOMC Meeting

Posted by By 15/12/2020Posted inForex
The US Dollar may slide lower on the back of progress in fiscal aid talks. However, the FOMC’s wait-and-see approach to monetary policy may inspire a short-term rebound.
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Australian Dollar Down Despite On-Trend Chinese Economic Data

Posted by By 15/12/2020Posted inForex
The Australian Dollar saw a modestly negative reaction to a mixed bag of Chinese economic data outcomes. AUD/USD slipped in broadly risk-off Asia-Pacific trade.
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New Zealand Dollar May Rise After Pullback as Market Mood Brightens

Posted by By 15/12/2020Posted inForex
The New Zealand Dollar may rise after a pullback from chart resistance, buoyed by firming risk appetite. Wall Street ended Monday mixed but progress on US stimulus may now lift…
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USD Price Outlook: US Dollar Oscillates in Effort to Form Support

Posted by By 14/12/2020Posted inForex
The broader US Dollar dropped to a fresh two-year low early Monday, but USD price action staged a notable reversal as market sentiment and risk appetite deteriorated throughout the session.
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Nasdaq 100 Price Outlook: Tech Stocks Remain Bright Spot Amid Weakness

Posted by By 14/12/2020Posted inForex
The Nasdaq 100 reclaimed its spot as the leading US index in December, outpacing both the S&P 500 and Dow Jones thus far. The tech-heavy index trades narrowly beneath record…
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Pound Outlook: Sterling Levels to Watch as GBP/USD Rebound Falters

Posted by By 14/12/2020Posted inForex
Sterling gapped higher into the open before reversing sharply - the weekly opening-range is set. Here are the levels that matter on the GBP/USD technical charts.
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NZD/USD Clears Monthly Opening Range to Push RSI Into Overbought Zone

Posted by By 14/12/2020Posted inForex
NZD/USD clears the opening range for December, with the advance from the monthly low (0.7006) pushing the Relative Strength Index (RSI) back into overbought territory.
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US Recession Watch, December 2020 – Yield Curve Hides Slowing Economy

Posted by By 14/12/2020Posted inForex
The US Treasury yield curve has steepened in recent weeks (long-end rates rising faster than short-end rates), but that might not mean what you think.
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Top 10 Candlestick Patterns To Trade the Markets

Posted by By 14/12/2020Posted inForex
Discover the 10 most reliable candlestick patterns for trading the financial markets.
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Gold Price Outlook: XAUUSD Ready to Run – but Which Way?

Posted by By 14/12/2020Posted inForex
Gold is in a precarious spot, and that can apply to both bulls and bears ahead of a big week of economic data and drivers.
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