US Dollar Technical Outlook: This Week Could Be Important for the DXY
The US Dollar Index (DXY) is very near what could amount to a macro make or break spot on the charts.
Dow Jones, IBEX 35 Forecast: Positive Momentum to Start the Week
Global equities start the week on a positive note as November is likely to be one of the best months in history
British Pound (GBP) Latest – Brexit Talk and Positive Covid Vaccine News Pump Sterling Higher
Talk over the weekend suggests that the UK and EU are getting closer to a post-Brexit trade deal, while the AstraZeneca/Oxford University vaccine results look very promising.
Euro Muted on PMIs, EUR/USD, EUR/GBP Levels to Watch
Euro sees muted reaction to mixed PMI figures. EUR/GBP drops as UK PM Johnson looks to intervene in EU-UK Trade Talks
DAX 30 Index Consolidating Below Key Resistance Ahead of PMI Release
Germany’s DAX 30 index is consolidating constructively below resistance ahead of a slew of PMI releases and Chancellor Merkel’s Covid-19 meeting with regional premiers.
Swiss Franc Technical Forecast: USD/CHF, NZD/CHF Eye Key Levels
The Swiss Franc may continue higher against the US Dollar as technical pressure favors USD/CHF bears. The New Zealand Dollar may have the upper hand against the Franc however after…
US Dollar Still Sinking, What Are Upside Factors? USD/INR Eying Indian GDP
The US Dollar lost ground to most ASEAN currencies as Emerging Market assets climbed despite US economic woes. USD/INR is eyeing third-quarter Indian GDP at the end of the week.
New Zealand Dollar May Rise as RBNZ Holds Fire on Negative Rates
The New Zealand Dollar looks poised to extend its push higher against its haven-associated counterparts on robust economic data and a less dovish stance from the RBNZ.
S&P 500, Hang Seng Weekly Open: Vaccine-Led Rally May Take a Pause
US stock futures may lead Asia-Pacific markets higher after a profit-taking trading session seen on Friday. A vaccine-led rally seems to be taking a pause. Oil prices at 11-week high.…
Yen and US Dollar May Bounce as PMI Data, Fed-Speak Spook Markets
The Japanese Yen and US Dollar may rebound from early losses at the start of the trading week as worrying PMI data and Fed commentary spook the markets.