Stock Market Sentiment Surges on Coronavirus Vaccine Hopes | Webinar
Trader confidence in value stocks continues to rise strongly on hopes the Pfizer Covid-19 vaccine trial represents a breakthrough in the fight against the coronavirus.
Gold Price (XAUUSD) Forecast – Shackled By Bearish Engulfing Candle, US Real Yields
Gold is trying to recover from Monday’s heavy sell-off but is unable to put in a decent move higher. The technical set-up looks negative while higher US Treasury yields will…
Japanese Yen Implosion on Vaccine Breakthrough – Watch US Yields for Direction
USD/JPY reverses on firmer risk appetite and higher US yields. Technical hurdles lie ahead.
EUR/USD Slides Lower as Weak German Economic Sentiment Sparks New Recession Fears
The latest ZEW sentiment readings highlight a further weakness in Germany and across the Euro Area, highlighting fears that German may fall back into a recession
British Pound (GBP) Latest: GBP/USD Stable, UK Redundancies At Record High
GBP/USD is holding its ground despite news that UK redundancies surged in Q3 while the unemployment rate jumped to its highest level for almost four years in September.
S&P 500 Aiming Higher on Vaccine Progress Despite Gridlock Fears
The S&P 500 index may continue to rise on positive Covid-19 vaccine developments despite Senate Majority Leader Mitch McConnell’s push for a skinny fiscal aid package.
Gold Prices Regain Strength After Falling 4.5% as Vaccine Enthusiasm Fades
Gold prices are regaining some lost ground after falling sharply on Monday. Optimism surrounding Pfizer’s vaccine breakthrough appeared to have cooled. The US Dollar edged lower.
Australian Dollar Technical Forecast: AUD/USD, AUD/CAD, AUD/NZD, AUD/CHF
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.
New Zealand Dollar Outlook: NZD/USD, NZD/JPY, GBP/NZD, NZD/CHF
The New Zealand Dollar could be poised to extend gains against its major counterparts, with multiple bullish technical setups seen across several NZD crosses.
Hang Seng and ASX 200 Rise on Vaccine Hopes, Tech Drags Nasdaq Lower
Wall Street cheered on encouraging vaccine news, kicking off a sectoral rotation in favour of energy and financial stocks. Big tech dragged the Nasdaq 100 lower. Asia-Pacific markets opened higher.