S&P 500, Dow Jones Hinge On Stimulus Talks as Covid-19 Cases Surge
The S&P 500 and Dow Jones could be at risk of a more extended pullback as the absence of a much-needed fiscal support package, and climbing Covid-19 case numbers, weigh…
Crude Oil Prices Seesaw on Iraq Oil Well Attack, US Inventory Surge
Crude oil prices seesawed on news of an attack on two Iraqi oil fields and a shockingly large US inventory surge. The chart setup warns that a downturn may be…
Copper Price Forecast: Chinese Demand, Weak USD May Lift the Red Metal into 2021
Copper prices are postured for the first weekly loss since October after the red metal rallied to its highest point since early 2013. The fundamental backdrop appears to support higher…
US Dollar Drop Slows, Momentum Fading? USD/SGD, USD/IDR, USD/MYR, USD/PHP
While losses in the US Dollar have been persistent within the ASEAN realm, is downside momentum fading in USD/SGD, USD/IDR, USD/MYR and USD/PHP? What are key levels to watch?
Nasdaq 100 Falls Most In a Month, Nikkei 225 and Hang Seng May Drop
The Nasdaq 100 index tumbled over 2% as the US stimulus package appeared to have stalled whereas Covid vaccines are on course to be rolled out. Asia-Pacific markets are poised…
Precious Metals Analysis: Gold and Silver Poised to Extend Rebound
Gold and silver look set to extend their strong performance in December as both precious metals remain perched above key support at the sentiment-defining 200-day moving average.
British Pound Outlook: GBP/NZD, GBP/AUD React to Brexit Dilemma
The British Pound treaded lower following news that UK Prime Minister Johnson and EU Commission President Ursula von der Leyen failed to make significant headway during dinner in Brussels. GBP/NZD…
USD Price Outlook: US Dollar Volatility to Take Cue from EUR & GBP
USD price action traded mixed throughout Wednesday with the DXY Index gaining a mere 0.1% on balance as the US Dollar strengthened against the Euro but weakened relative to the…
Brexit Latest: GBP/JPY, GBP/USD Rates Pin Breakout Hopes on Brexit Deal
The EU-UK leadership tandem agreed to keep negotiating until Sunday, December 13, at which point a “decision” will be made.
Australian Dollar Rally Slows, but AUD/JPY, AUD/USD Momentum Points Higher
The two major AUD-crosses are breaking higher through technical resistance that defined consolidations in recent months.