FTSE 100 Eyes a Fresh Six-Month High as Confidence Returns
The FTSE 100 is setting up to trade at its best level since early-June as the recent Covid-19 vaccination announcement gives the UK big board a shot in the arm.
British Pound (GBP) Latest: GBP/USD Waiting for Outcome of EU-UK Trade Talks
GBP/USD will continue to be pummeled by headlines suggesting progress, or the lack of it, in the continuing EU-UK talks on their post-Brexit relationship.
S&P 500 Index Outlook: RSI Divergence Hints at Pullback Ahead of NFP
The S&P 500 index could be at risk of a near-term pullback ahead of Friday’s Non-Farm Payrolls report as RSI divergence and fading volume hints at a rally running out…
Crude Oil Prices May Rise on OPEC+ Deal, Lasting Gains Are Suspect
Crude oil prices may rise if OPEC+ officials agree on a deal to slow-walk oncoming output increases due in 2021, but any gains might be fleeing as Covid-19 keeps demand…
US Dollar May Still Struggle: USD/SGD, USD/IDR, USD/MYR, USD/PHP
The US Dollar technical outlook remains broadly bearish against ASEAN currencies like the Singapore Dollar, Indonesian Rupiah, Malaysian Ringgit and Philippine Peso. Where to from here?
Copper Price May Rise Further on Stimulus-Driven Chinese Growth
Copper prices continue to push further into multi-year highs as the red metal enjoys robust demand from China. Along with a bullish outlook driven by stimulus measures, the green energy…
Dow Jones Rises on Stimulus Hopes, Chinese Firms Face US Delisting Threat
Asia-Pacific stocks opened in mixed tone after Wall Street equities flipped higher on renewed stimulus hopes. The House approved a bill that may threat the listing of Chinese firms on…
British Pound Technical Analysis: GBP/USD, GBP/JPY, EUR/GBP, GBP/NZD
The British Pound is eyeing a push to fresh yearly highs against the US Dollar. However, various technical setups suggest GBP could lose ground to JPY, EUR and NZD in…
AUD/NZD Bounces but Incoming Death Cross May Keep Outlook Bearish
AUD/NZD saw bullish inflows following a small lift in sentiment. However, an incoming long-term bearish signal may doom the cross if the current downward path holds. Traders will look at…
Gold Price Forecast: Bullish Outlook in Question After Key Technical Break
The outlook for gold prices has fallen into question after the precious metal suffered a break beneath critical support. Can bulls revive the yellow metal or will XAU/USD continue to…