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Crude Oil Prices Retreat ahead of OPEC+ Meeting, US Blacklists CNOOC

Posted by By 30/11/2020Posted inForex
Crude oil prices retraced from recent highs, weighed by a possible failure to agree on a delay in production hikes among OPEC+ members and the US blacklisting Chinese energy giant…
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Nasdaq 100, Hang Seng Weekly Open: Markets Recede from Recent Highs

Posted by By 30/11/2020Posted inForex
Asia-Pacific stocks trade broadly lower on the last trading day in November, retracing from recent highs. A vaccine-led rally appears to be overstretched, calling for profit-taking.
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Australian Dollar Dismisses Positive Chinese Data as US Blacklists SMIC, CNOOC

Posted by By 30/11/2020Posted inForex
The Australian Dollar initially pushed higher on the back of positive Chinese PMI data before the Trump administration's move to blacklist SMIC and CNOOC propelled the trade-sensitive currency lower.
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US Dollar and Yen Down as Stocks Rise, Crude Oil Down on OPEC+

Posted by By 30/11/2020Posted inForex
The anti-risk US Dollar and Japanese Yen fell as stocks aimed higher at the start of the global grading week. Crude oil prices fell after OPEC+ officials failed to agree…
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Weekly Technical Gold Price Forecast: Bears Bring on Darkness

Posted by By 29/11/2020Posted inForex
There’s no denying it: there’s been a material regime change in the fundamental narrative for gold prices, helping provoke the dramatic technical collapse.
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Markets Week Ahead: S&P 500, U.S. NFP, RBA, OPEC Meeting, Gold, UK-EU Negotiations

Posted by By 29/11/2020Posted inForex
U.S. equity markets reached record highs as rising Covid cases fall to the back of investors minds following several positive vaccine headlines. Meanwhile, UK-EU negotiations are approaching the de...
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S&P 500, DAX 30, FTSE 100 Technical Forecast

Posted by By 29/11/2020Posted inForex
The general tone and trend for global stocks is favorable for higher prices as a new week and the final month of the year arrives.
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US Dollar Forecast: USD Faces Immediate Downside Risks on Month-End Flows

Posted by By 29/11/2020Posted inForex
A liquidity thinned week has had the USD on the backfoot with the greenback now below 92.00.
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US Dollar Outlook: USD Threatens Major Price Collapse – DXY Levels

Posted by By 28/11/2020Posted inForex
Dollar Index has broken major uptrend support and risks accelerated losses into the December open. Here are the levels that matter on the DXY weekly technical chart.
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Dow Jones, DAX 30, FTSE 100 Forecasts for the Week Ahead

Posted by By 28/11/2020Posted inForex
Whilst bullish momentum remains in equity markets after an impressive month of November, overbought conditions are beginning to show
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