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Markets Week Ahead: GBP/USD, Brexit, EUR/USD, ECB, Dow Jones, Vaccine Doses

Posted by By 07/12/2020Posted inForex
Market sentiment improved as the Nasdaq Composite, Dow Jones climbed. Investors are looking forward to Covid relief bills from the US as the world heads for its first vaccine doses.…
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FTSE 100 Technical Outlook – Breaking Sizable Level, Looking Towards 7000

Posted by By 07/12/2020Posted inForex
The FTSE is in rally mode, and with it breaking above one big level of resistance it could find itself trading up to another in the relatively near future.
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USD/ZAR Outlook: Rand Anticipates Positive South African Q3 GDP Data

Posted by By 07/12/2020Posted inForex
Tomorrows SA Q3 GDP data could carry the Rand toward a green December with a significant economic rebound.
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DAX 30 Lacks Bullish Momentum, EUR/USD Buyers Eyeing Pullbacks

Posted by By 07/12/2020Posted inForex
Equity markets struggle to keep bullish momentum as vaccine enthusiasm gives way to political uncertainty
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Ripple (XRP) Setting Up for a Breakout as Bullish Pennant Forms

Posted by By 07/12/2020Posted inForex
Ripple has consolidated its recent gains and is now looking at pressing further ahead if a bullish technical pattern holds true.
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Sterling (GBP) Continues to Crumble as EU/UK Brexit Talks Hit a Roadblock

Posted by By 07/12/2020Posted inForex
GBP/USD is down nearly two cents in early turnover on a raft of negative Brexit trade talk headlines.
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US Dollar Bears At Risk, Japanese Yen In Demand – COT Report

Posted by By 07/12/2020Posted inForex
US Dollar short exposure rises, while Japanese Yen is favoured. GBP/USD positioning more neutral as shorts unwind.
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British Pound Outlook: No-Deal Brexit Fears to Undermine GBP/USD

Posted by By 07/12/2020Posted inForex
The politically-sensitive British Pound could be at risk of extended losses as a no-deal Brexit scenario becomes increasingly likely.
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Gold Prices Buoyed By Weaker Dollar, Challenging Key Chart Resistance

Posted by By 07/12/2020Posted inForex
A weaker US Dollar appears to be buoying gold prices since last week, pushing bullion to challenge chart resistance. Breaking higher could pave way for further upside potential.
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US Dollar Vulnerable as SGD, INR Gain with Emerging Markets. What are Risks?

Posted by By 07/12/2020Posted inForex
The US Dollar sank, with the Singapore Dollar and Indian Rupee rising. Emerging markets eye external risk as the first vaccine dose is circulated. With stocks at new highs, could…
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