Weekly Euro Technical Forecast: Ranges as Far as the Eye Can See
The Euro has been trading sideways for several months, and amid the holiday week, there’s not much reason to think the range trading conditions will change.
Markets Week Ahead: Nasdaq 100, US Dollar, GBP, Brexit, Fed, Treasury, Thanksgiving
Rising Covid cases in the US and a squabble between the Treasury and Fed dented market sentiment this past week. The tech-heavy Nasdaq outperformed its index counterparts as longer-dated government...
Dow Jones, DAX 30, FTSE 100 Forecasts for the Week Ahead
After surging to fresh all-time highs earlier this month, stocks have slipped into consolidation mode as they bounce between technical levels ahead of the next major moves. Here are the…
US Dollar May Rise as FOMC Minutes Flag Fed Policy Standstill
The US Dollar may rise as minutes from November’s FOMC meeting cement the Fed in wait-and-see mode, cooling risk appetite even as the yield outlook turns more supportive.
Mexican Peso Technical Forecast: Will Critical Support be Broken?
USD/MXN looks set to renew downside momentum in a new attempt to break a critical support level
Sterling (GBP) Outlook Mired by Brexit's Own Groundhog Day
The EU and UK continue their post-Brexit trade talks, stressing that a deal is within reach, but neither side is prepared to move to get a deal over the line.…
Gold Weekly Technical Forecast: Gold Coiling for Break-Out
Gold challenging range lows amid the tug of war between vaccine optimism and virus concerns.
Japanese Yen May Rise With Covid Lockdowns Threatening Nikkei 225 Outlook
Japanese Yen momentum may hold ahead amid rising Covid-19 cases locally and abroad, threatening the global growth outlook. USD/JPY appears to be following bond yield spreads again.
S&P 500 Weighed by Stimulus Uncertainty Amid Virus Resurgence
The S&P 500 index may pull back further due to a lack of stimulus clarity amid rapidly climbing Covid-19 cases. IMF painted an uneven recovery outlook, with more policy action…
Crude Oil Price Outlook Volatile as Covid Clashes with Vaccine Hope
Crude oil price volatility looks set to linger as outlook for the commodity closely tied to GDP growth remains clouded by near-term downside risks undermining COVID-19 vaccine optimism.