EUR/CHF Breakout Hints at Further Gains for Germany's DAX 30 Index
The risk-gauging EUR/CHF exchange rate may be hinting at further upside for Germany’s benchmark DAX 30 index, as price breaches key long-term chart resistance.
Crude Oil Prices Struggle on Covid Upswell, US Fiscal Deadlock
Crude oil prices are struggling amid an upswell in Covid-19 cases and the ongoing deadlock in US fiscal stimulus talks. Losses may be capped near-term however.
Indian Rupee, Nifty 50 Outlook: Stimulus Welcomed, Global Covid Cases a Threat
The Indian Rupee is at risk despite a local stimulus package pushing the Nifty 50 to record highs. Rising global Covid cases may push USD/INR higher, but technical obstacles are…
Hang Seng, ASX 200 May Fall with S&P 500 as Vaccine Optimism Cools
A “risk-off” sentiment appears to be prevailing at Asia-Pacific open, with haven assets gaining alongside a retreat in equity index futures. All eleven S&P 500 sectors ended in the red…
Australian Dollar Forecast: AUD/NZD May Rise on Positive Hong Kong GDP
Wall Street ended lower on the day as rising U.S. Covid cases pinged sentiment. Still, Asian economic data may boost risk appetite and propel AUD/NZD higher despite bullish New Zealand…
Dow Jones Forecast: Evening Star Candlestick Hints at Reversal Potential
The Dow Jones posted an evening star candlestick on the daily chart and has since pulled back further. Does this ominous technical pattern mean the Industrial Average is headed for…
Gold Price Outlook Hinges on Vaccine Hope Outshining Virus Fear
Gold prices plunged a whopping 5% to start the week, but the precious metal is trying to stabilize at a critical technical support level as markets determine whether vaccine hopes…
Three Trading Types and How They Influence the Market
Exploring the three trading types of Dabbler, Hobbyist and Pro - and a trading outlet for volatile markets.
Mexican Peso Outlook: USD/MXN Drops on Unexpected Banxico Rate Hold
The Bank of Mexico held rates unchanged at 4.25% today against expectations for a 25 basis point rate cut from economists. USD/MXN price action pivoted lower on the hawkish move
Sterling Forecast: Cable Caught by Uptrend Resistance- GBP/USD Levels
Sterling tanked more than 1.3% off the highs after reversing off technical uptrend resistance- what now? Here are the levels that matter on the GBP/USD technical charts.