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Forex

Crude Oil Prices May Rise If EU Summit Stokes Brexit Deal Hopes

Posted by By 19/11/2020Posted inForex
Crude oil prices may rise amid a broad-based improvement in risk appetite across markets if the prospects for a Brexit deal appear to brighten after an EU leaders’ summit.
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US Dollar at Risk: USD/SGD, USD/MYR Breakouts Eyed. USD/IDR, USD/PHP Hold

Posted by By 19/11/2020Posted inForex
The US Dollar extended breakouts against the Singapore Dollar and Malaysian Ringgit. USD/IDR and USD/PHP are more resilient as they idle around key support zones.
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Japanese Yen Technical Analysis: AUD/JPY, CAD/JPY, GBP/JPY Key Levels

Posted by By 19/11/2020Posted inForex
The Japanese Yen looks set to continue moving higher against the British Pound. However, the higher-beta Australian and Canadian Dollars may claw back lost ground.
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Nikkei 225 May Lead APAC Stocks Lower, Virus Cases Overshadow Vaccine Hopes

Posted by By 19/11/2020Posted inForex
Asia-Pacific stocks look set to follow US lower after New York City shut schools as infections surpassed a critical threshold. Pfizer’s vaccine was tested 95% effective in a final trial.
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Australian Dollar Outlook: AUD/USD May Break Support on Jobs Report

Posted by By 19/11/2020Posted inForex
AUD/USD moves into focus as the Australian employment report is on tap to steer market sentiment into the Asia-Pacific trading session. Meanwhile, Covid-19 cases surge in the U.S., putting a…
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Canadian Dollar Technical Outlook: USD/CAD, CAD/JPY, NZD/CAD

Posted by By 18/11/2020Posted inForex
Canadian Dollar price action has been mixed so far this week with the Loonie gaining ground against the Greenback but weakening relative to the Japanese Yen and New Zealand Dollar.
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S&P 500 Forecast: How Will the Addition of Tesla Impact the Index?

Posted by By 18/11/2020Posted inForex
S&P Dow Jones Indices announced Tesla will join the S&P 500 on December 21, making it the largest single-stock addition to the index in its history. What does this mean…
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NZD/USD Rate Clears 2019 High and Triggers Overbought RSI Reading

Posted by By 18/11/2020Posted inForex
NZD/USD clears the 2019 high (0.6942) and the exchange rate may continue to appreciate as long as the Relative Strength Index (RSI) sits in overbought territory.
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Australian Dollar Forecast: Aussie Rally at Risk into Resistance

Posted by By 18/11/2020Posted inForex
Australian Dollar is testing resistance at multi-week highs and leaves the immediate advance vulnerable. Here are the levels that matter on the AUD/USD technical charts.
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Gold Prices to Watch as September Range Remains Intact

Posted by By 18/11/2020Posted inForex
The price of gold appears to be moving to the beat of its own drum as the precious metal tracks the September range.
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