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Canadian Dollar Forecast: AUD/CAD, CAD/CHF Nearing Key Levels

Posted by By 25/11/2020Posted inForex
An improving economic backdrop is bolstering crude oil prices and in turn, the Canadian Dollar. Still, the risk-sensitive Australian Dollar continues to move higher. However, CAD/CHF looks to be ne...
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Nasdaq 100 May Lead Hang Seng, ASX 200 Higher as Vaccine-Rally Carries On

Posted by By 25/11/2020Posted inForex
Asia-Pacific stocks look set to follow strong US leads higher on Wednesday. Sentiment was lifted by positive vaccine news alongside a kick-off of a presidential transition in the White House.
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Precious Metals Technical Analysis: Gold and Silver Rebound at Hand?

Posted by By 25/11/2020Posted inForex
Gold and silver prices have come under significant pressure recently. However, this correction lower could prove short-lived as price analysis hints at a reversal higher.
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Australian Dollar Analysis: AUD/USD Eyes 2020 High on Optimistic Sentiment

Posted by By 25/11/2020Posted inForex
The risk-sensitive Australian Dollar was propelled higher along with a record-breaking day on Wall Street as markets cheered an improved picture for the 2021 outlook. The Asia-Pacific session may l...
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Australian Dollar Forecast: AUD/USD, AUD/JPY Rates Poised for Bullish Breakouts

Posted by By 24/11/2020Posted inForex
The two major AUD-crosses have once again started to test key technical resistance, suggesting that the consolidations in recent months will finally yield bullish breakouts.
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USD Price Outlook: US Dollar Eyes Fresh Two-Year Low as VIX Falls

Posted by By 24/11/2020Posted inForex
USD price action is trading on its back foot again as the US Dollar stumbles toward two-year lows and the VIX 'fear-gauge' approaches pre-pandemic levels.
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Losers in FX Markets After the US Presidential Election: USD & Gold

Posted by By 24/11/2020Posted inForex
Both the DXY Index and gold prices have exhibited weakness in the wake of the US presidential election results.
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Dow Jones Charges Above 30,000, What Can Stop the Rally?

Posted by By 24/11/2020Posted inForex
The Dow Jones eclipsed 30,000 for the first time in history as covid vaccine hopes, potential stimulus and seasonality work to push the Industrial Average higher. Can anything stop this…
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Oil Price Outlook: Break of 3Q Range Sends RSI Towards Overbought Zone

Posted by By 24/11/2020Posted inForex
Crude oil breaks out of the range bound price action from the third quarter, with the March high ($48.66) on the radar as the RSI approaches overbought territory.
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USD/CAD Price Outlook: Canadian Dollar Climbs with Crude Oil

Posted by By 24/11/2020Posted inForex
The Canadian Dollar is surging and steering spot USD/CAD price action sharply lower toward a critical technical support level as crude oil jumps to an 8-month high.
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