Dow Jones Climbs on Biden-Win Odds, Hang Seng Index Extends Gains
US stocks climbed to a two-week high alongside a falling US Dollar as markets seemingly priced in a Biden-win outcome. Asia-Pacific equities may follow US indices higher.
British Pound at Risk on EU-UK Brexit Fissure, Trump Fights Covid
The British Pound may come under intense selling pressure as the EU and UK remain divided over Brexit while President Donald Trump fights off the coronavirus.
USD/CAD Rate Vulnerable Following Failed Attempt to Test August High
Recent developments in the Relative Strength Index (RSI) cast a bearish outlook for USD/CAD as the indicator snaps the upward trend established in September.
How to Trade the Impact of Politics on Global Financial Markets
In a slowing global economy, the threat of geopolitical risks destabilizing global growth are elevated and open the door to violent volatility – and trading opportunities.
EUR/USD Surged With Stocks on Election Polls, Fiscal Stimulus Hopes
EUR/USD spiked with equity markets as 2020 election polls show a growing spread between Biden and Trump along with hopes of future fiscal stimulus.
Australian Dollar Outlook: Aussie Hinges on RBA Rate Decision Due
The Australian Dollar will likely be under the spotlight early Tuesday with AUD price action hinging largely on the scheduled Reserve Bank of Australia interest rate decision due at 03:30…
Gold Price Outlook: Can XAU/USD Break Critical Resistance? GLD Levels
Gold prices are poised to mark an outside-reversal today with the rally now approaching key resistance. Here are the levels that matter on the XAU/USD technical charts
France 40 IG Client Sentiment: Our data shows traders are now net-short France 40 for the first time since Sep 18, 2020 when France 40 traded near 4,991.60.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger France 40-bullish contrarian trading bias.
US Dollar (USD) Presidential Election Performance May Prove Anything but Typical
We are heading into one of the most contentious US President elections in recent memory with a pandemic critically amplifying an already controversial polling. What has the US Dollar done…
USD Price Outlook: US Dollar Eyes Fed Speak, Stimulus, & Trump
The US Dollar extends its slide with an improvement in market sentiment over the weekend weighing negatively on the safe-haven currency, but USD price action looks ripe for more volatility…