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S&P 500, Hang Seng Weekly Open: Vaccine Rollout and Stimulus Buoy Sentiment

Posted by By 14/12/2020Posted inForex
An extension of the Brexit talks deadline may offer markets some relief. Pfizer’s Covid vaccine received emergency use authorization from the FDA. US fiscal stimulus, the FOMC and central bank…
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Natural Gas Prices May Rise on Temperature Outlook, Chart Setup

Posted by By 14/12/2020Posted inForex
Natural Gas prices rose as colder temperatures looked likely across the southwest U.S. over the next two weeks. Near-term technical cues appear bullish but follow-through may be limited.
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Australian Dollar Time Cycle: Breakout Year Ahead for AUD/USD Rates

Posted by By 14/12/2020Posted inForex
The Australian Dollar may extend its recent 37% surge against the US Dollar as time-cycle analysis suggests 2021 could be a breakout year for the trade-sensitive currency.
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British Pound Jumps as UK, EU Opt to Extend Brexit Negotiations

Posted by By 13/12/2020Posted inForex
The British Pound popped upward while the anti-risk US Dollar and Japanese Yen fell as markets cheered news that UK and EU negotiators opted to extend Brexit talks.
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Markets Week Ahead: S&P 500, US Dollar, Fed, Stimulus, British Pound, Brexit, Gold

Posted by By 13/12/2020Posted inForex
Will market volatility pick up heading into 2021? A rollout in the Covid vaccine is being undermined by the ongoing US fiscal stimulus gridlock. Brexit woes are taking a toll…
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Nasdaq 100 Bullish Trend Remains Intact Despite Short-Term Pullback

Posted by By 13/12/2020Posted inForex
The Nasdaq 100 appears to have entered a brief technical correction after hitting an all-time high. The overall bullish trend remains intact but upward momentum appears to be fading.
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US Dollar Outlook Hinges on Federal Reserve Interest Rate Decision

Posted by By 13/12/2020Posted inForex
The Federal Reserve’s last meeting for 2020 may shake up the near-term outlook for the US Dollar with the bank slated to update the Summary of Economic Projections (SEP).
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Mexican Peso Technical Forecast: USD/MXN Takes a Breather, Path of Least Resistance Still Lower

Posted by By 13/12/2020Posted inForex
USD/MXN manages to push above the 20-mark but finds strong resistance at key Fibonacci level
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Crude Oil Prices May Extend Gains as Investors Eye OPEC JMMC Meeting

Posted by By 13/12/2020Posted inForex
Crude oil prices may continue to push higher on the back of positive vaccine news, a pickup in global demand and the moderate easing of OPEC+ output cuts.
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Euro Technical Analysis: EUR/USD, EUR/JPY Battle at Big Resistance

Posted by By 13/12/2020Posted inForex
The Euro was in the spotlight for Thursday’s ECB rate decision. But both EUR/USD and EUR/JPY put in Dojis for the week after running into big areas of resistance.
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