Forex

The Euro has lagged most of its major peers over the past week, a concerning sign despite jubilance widespread throughout global financial markets.

Gold is on the verge of a lower-low which would bring in a support test, while silver congestion narrows into a wedge pattern.

Risk in Chasing Oil Prices Higher from Current Levels as Short Term Risks Remain

The German DAX 30 has added nearly 2,000 points this month and is approaching an area of reasonably strong resistance.

Hopes that the Pfizer/BioNTech coronavirus vaccine will mitigate the impact of the Covid-19 pandemic are boosting both GBP/USD and the FTSE 100, while EUR/GBP is weakening.

The EU Stoxx 50 index could slip lower in the coming days as vaccine optimism begins to fade amid a backdrop of rising Covid-19 infections and tightening restrictions.

The Australian Dollar may climb against the US Dollar, but it’s struggling to do the same against the Canadian Dollar. AUD/NZD could fall as AUD/CHF remains in range-bound trade.

Crude oil prices rose to two-month highs on a much larger-than-expected decline in US inventories. WTI looks set to break a key resistance level at US$ 41.50, riding the tailwind…

Is the S&P 500 at risk to a turn lower based on retail positioning in the aftermath of the US presidential election? If so, will the Dow Jones and gold…

The US Dollar may continue to lose ground as long-term price analysis hints at a cyclical downturn. Implications for the DXY, EUR/USD and AUD/USD.