EUR/USD, EUR/JPY May Slide Lower Ahead of Euro-Area Inflation Data
EUR/USD and EUR/JPY rates may slide lower on dovish rhetoric from several members of the European Central Bank ahead of Euro-zone inflation data for October.
Crude Oil Prices Eye $42 on Vaccine News, OPEC+ to Rein Output Hike
Crude oil prices are riding the Covid vaccine tailwind and a potential 3-6 months delay of production hike by OPEC+. WTI looks set to hit a key resistance at US$…
Bitcoin (BTC), Litecoin (LTC), Ripple (XRP) Outlook: Will Momentum Hold?
Bitcoin is approaching 2018 highs but momentum is fading. Is a turn lower in store? Litecoin surges in best day in over 8 months towards resistance. Ripple aiming for August…
Natural Gas Outlook: Prices Sink to Support on NOAA Weather Forecasts
Natural gas futures fell nearly 12% so far this week following a warmer-than-expected temperature forecast from the NOAA. Price action is likely vulnerable to further downside pressure.
Copper Prices Poised to Outperform on Chinese Recovery, Vaccine News
Copper prices may continue to climb higher on the back of positive vaccine developments and China’s robust economic recovery from the February doldrums.
Hang Seng May Gain With S&P 500 on Moderna Vaccine Breakthrough
A 94.5% effective Moderna vaccine gave stock markets another boost, with the Dow Jones and the S&P 500 indexes closing at their record highs. Asia-Pacific stocks may trade higher following…
US Dollar Hurt, Not Out: Covid, Stimulus Woes Linger. IDR, PHP Eye Rate Holds?
US Dollar weakness slowed despite Covid vaccine hopes. Rising coronavirus cases and fiscal stimulus woes remain bullish factors. Indonesian and Philippine central banks are on tap.
Australian Dollar Forecast: AUD/USD Boosted on Vaccine Sentiment, More to Go?
Vaccine headlines from Moderna buoyed risk appetite, sending Wall Street indices higher. AUD/USD is now approaching the November 9th high, will a new one be set?
Dow Jones Forecast: Stock Market Hits New High on Moderna Vaccine
The Dow Jones Industrial Average spiked to a fresh record high during late Monday trade as stocks rejoiced more encouraging coronavirus vaccine news, but are investors growing complacent?
Will Trade Wars Persist After the US Election?
What will the global economy and international trade regime look like under a Trump or Biden administration and how will that impact foreign exchange markets?