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Forex

S&P 500 Outlook: Topside Challenges and Downside Risks

Posted by By 02/12/2020Posted inForex
Following the strongest monthly performance since April, the S&P 500 has gotten off to a strong start to December
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DAX 30 Consolidation Threatened as EUR/USD Strengthens

Posted by By 02/12/2020Posted inForex
Dollar weakness continues to push EUR/USD higher and European equities could start to feel threatened
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Gold (XAUUSD) Price Rebound May be Short-Lived as Resistance Lies Ahead

Posted by By 02/12/2020Posted inForex
Gold continues to claw back some of last week’s heavy losses but nears an area of technical resistance that may be difficult to breach in the short-term.
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British Pound (GBP) Latest: GBP/USD Gains Reversed on Trade Talk Pessimism

Posted by By 02/12/2020Posted inForex
Signs that the talks between the EU and the UK on their post-Brexit relationship are faltering are knocking back GBP/USD, which is reversing some of its recent gains.
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Oil – US Crude IG Client Sentiment: Our data shows traders are now net-long Oil – US Crude for the first time since Nov 17, 2020 when Oil – US Crude traded near 4,158.50.

Posted by By 02/12/2020Posted inForex
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Oil - US Crude-bearish contrarian trading bias.
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US Dollar Price Outlook: DXY May Extend Fall on Renewed Fiscal Aid Hopes

Posted by By 02/12/2020Posted inForex
The US Dollar Index (DXY) looks set to extend its slide to yearly lows on the back of renewed fiscal stimulus hopes and dovish rhetoric from several members of the…
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Crude Oil Prices Eye Deeper Pullback on OPEC+ Doubts, Rising Stockpiles

Posted by By 02/12/2020Posted inForex
Crude oil prices retraced further from recent highs as traders unwind expectations for an OPEC+ resolution to rein output. The American Petroleum Institute (API) reported a large build in crude…
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How AUD & NZD Exchange Rates Are Impacted by China’s Economy

Posted by By 02/12/2020Posted inForex
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Gold Price, S&P 500, AUD/USD Forecast: How Might Retail Traders Behave Next?

Posted by By 02/12/2020Posted inForex
IGCS hints that gold prices may reverse higher as the S&P 500 aims for new highs. Things are looking a little bit more choppy for the growth-linked Australian Dollar.
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British Pound Technical Analysis: GBP/USD, GBP/JPY, EUR/GBP, GBP/NZD

Posted by By 02/12/2020Posted inForex
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…
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