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Dow Jones, DAX 30, FTSE 100, S&P 500 Forecasts for the Week

Posted by By 15/11/2020Posted inForex
Global equity markets enjoyed a remarkable jump higher last week after news of a potential coronavirus vaccine worked to lift some of the stocks that the pandemic has pressured most.…
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Mexican Peso Fundamental Forecast: USD Claws Back Losses as a Reality Check Kicks In

Posted by By 15/11/2020Posted inForex
After a week dominated by vaccine euphoria, USD/MXN looks for further guidance in economic data
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Euro Forecast: EUR/USD May Extend Last Week's Losses

Posted by By 15/11/2020Posted inForex
The falls in EUR/USD early last week came as a surprise to many analysts, but an extension of those declines this week would be no shock as easier Eurozone monetary…
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Sterling Outlook: Pound Rally Falters at Resistance- GBP/USD Levels

Posted by By 14/11/2020Posted inForex
A multi-week rally in Sterling remains vulnerable as Cable stalls at key technical resistance. Here are the levels that matter on the GBP/USD weekly technical chart.
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Gold Price Forecast: XAU/USD May Remain Afloat Despite Covid Vaccine Hopes

Posted by By 14/11/2020Posted inForex
Gold prices tumbled this past week as Covid-19 vaccine hopes sent real Treasury yields higher. But, rising coronavirus cases and US fiscal stimulus woes may keep XAU/USD afloat.
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USD/JPY Technical Outlook Appears Neutral to Negative in Week Ahead

Posted by By 14/11/2020Posted inForex
USD/JPY explosion off the lows has a familiar level of resistance in play within the context of a generally negative trend.
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US Dollar Forecast: Covid Cases, Retail Sales May Keep DXY, Yen and Franc Afloat

Posted by By 14/11/2020Posted inForex
The US Dollar gained this past week. Covid-induced safe-haven bids on the Yen and Franc look to keep the DXY Index trading near its current 93 handle.
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Dow Jones Drifts Lower From All-Time High, Eyeing 28000 for Support

Posted by By 14/11/2020Posted inForex
The Dow Jones Index retreated after hitting an all-time high of 29,933 on November 9th as profit taking kicked in. Bearish momentum appears to be prevailing with an eye on…
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Crude Oil Forecast: JMMC, Lockdowns, Vaccine News in Focus

Posted by By 14/11/2020Posted inForex
Crude oil price action remains mired by conflicting fundamental drivers like renewed COVID-19 lockdown measures and positive vaccine news, but outlook could stay constructive more broadly if OPEC c...
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Euro Strikes Balance as Vaccine Hopes Offset by European Covid Spread

Posted by By 14/11/2020Posted inForex
Hope was the big item to start the week and it couldn't come at a better time as Europe continues to struggle with Covid.
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