Oil Price Tracks Upward Trend as US Crude Output Holds Steady
The price of oil continues to track the upward trend established in November as US crude output sits at its lowest level since 2018.
US Dollar Drops on Fiscal Stimulus Talks – Range Breakout Guiding DXY Index Price Action
The US Dollar (via the DXY Index) has hit fresh lows amid the latest headlines around US fiscal stimulus talks.
S&P, Nasdaq Posture at All-Time-Highs: What's Holding Them Back?
Equities have ripped for much of the year but now with news of covid vaccines on the way, stocks have started to stall.
Monthly Forex Seasonality – December 2020: End of Year Favors EUR, NZD Strength; USD Weakness
December typically brings cheer for the Australian and New Zealand Dollars, while the US Dollar is left with coal.
Lending Facilities the Focus on Day Two of Powell, Mnuchin Testimony
Powell and Mnuchin returned to Congress to testify to the House Financial Services Committee, where the planned end of year termination of certain emergency lending facilities remained in the spotl...
Australian Dollar Forecast: Aussie Breakout Stalls into December Open
We’re looking to validate the Australian Dollar breakout as Aussie eyes the yearly highs. These are the levels that matter on the AUD/USD weekly technical chart.
FTSE 100 IG Client Sentiment: Our data shows traders are now net-short FTSE 100 for the first time since Nov 25, 2020 10:00 GMT when FTSE 100 traded near 6,392.60.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger FTSE 100-bullish contrarian trading bias.
USD/CAD Rate Trades to Fresh Yearly Low as RSI Tracks Downward Trend
Key market trends may keep USD/CAD under pressure as the RSI continues to track the downward trend established in November.
EUR/USD Technical Outlook – Euro Breakout Sustainable vs Dollar?
The Euro is at its highest levels in over 2.5 years, the question is whether it will hold or not; if it can then 1.25 may up next.
Sterling (GBP) Hit Further as EU Hardline Countries Push for a No Deal
Sterling is taking a secondary hit Wednesday after reports emerged that France and other hardline countries are pushing for a no-deal if the UK refuses to move its negotiating position