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Canadian Dollar Aiming Higher on Record GDP Print, Additional Fiscal Aid

Posted by By 01/12/2020Posted inForex
The Canadian Dollar may continue to outperform its haven-associated counterparts, buoyed by a record expansion in economic activity and the provision of additional fiscal support.
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Gold Prices May See a Technical Rebound Amid an Overall Bearish Trend

Posted by By 01/12/2020Posted inForex
A weaker US Dollar appears to be buoying gold prices after they broke a key chart support level last week. Prices may attempt a technical rebound as RSI reaches oversold…
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Australian Dollar Forecast: AUD/USD May Rise Following RBA Rate Hold

Posted by By 01/12/2020Posted inForex
AUD/USD may gain following the RBA's December rate decision that kept the central bank's official cash rate unchanged at 0.10%. The hold was largely expected after a series of better…
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Nikkei 225, ASX 200 Attempt to Defy Gravity as S&P 500 Futures Turn Positive

Posted by By 01/12/2020Posted inForex
Asia-Pacific stocks are attempting to recover from Monday’s losses after Wall Street futures rose. Japan’s Nikkei 225 index opened higher. Australian stocks rebounded ahead of the RBA interest rate...
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USD/JPY at Key Resistance, RBA Rate Decision May Set Market Mood

Posted by By 01/12/2020Posted inForex
USD/JPY is approaching a key technical level while the RBA interest rate decision is on tap to set the tone for markets on December's first trading day after November's solid…
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Bitcoin Price Forecast: BTC/USD Tops 2017 Peak, Sets Sights Higher

Posted by By 30/11/2020Posted inForex
Bitcoin pushed to a new all-time high on Monday as it topped the previous intraday high of $19,783 set on December 18, 2017. With a new peak established, can BTC/USD…
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Losers in FX Markets After the US Presidential Election: USD & Gold

Posted by By 30/11/2020Posted inForex
Both the DXY Index and gold prices have exhibited weakness in the wake of the US presidential election results.
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Nasdaq 100 Forecast: What Can Traders Expect in December?

Posted by By 30/11/2020Posted inForex
The Nasdaq 100 enjoyed incredible gains in November, climbing more than 11%. As December begins, holiday and seasonal conditions might work to upset recent norms.
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British Pound Forecast: Breakout Potential Remains for EUR/GBP, GBP/JPY, GBP/USD

Posted by By 30/11/2020Posted inForex
GBP-crosses have shrugged off any indecent news, suggesting that underlying demand remains strong.
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NZD/USD Rate Trades to Fresh 2020 High as RSI Sits in Overbought Zone

Posted by By 30/11/2020Posted inForex
Recent developments in the Relative Strength Index (RSI) instill a bullish outlook for NZD/USD as the oscillator sits in overbought territory.
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