Forex

Gold broke down out of a triangle pattern and has room to go before big support, the decline in silver has been fiercer, but may not go along with gold…

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger NZD/USD-bearish contrarian trading bias.

USD/JPY and cross-yen faces upside risks in the short term amid month-end rebalancing.

GBP/USD is firmer and many Sterling crosses are higher on a minor risk rally. That’s despite a lack of progress in the EU-UK talks on a post-Brexit trade deal.

Germany’s DAX 30 index’s rebound may prove short-lived as a worrying surge in Covid-19 infections threatens to upend the nation’s economic recovery.

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/JPY-bearish contrarian trading bias.

Crude oil and gold prices gained on US fiscal stimulus hopes. Ahead, the focus for WTI and XAU/USD shifts to a meeting between Nancy Pelosi and Steven Mnuchin.

EUR/USD may trade within a defined range over the coming days as the European Central Bank (ECB) appears to be in no rush to alter the path for monetary policy.

The New Zealand Dollar’s correction lower against the Japanese Yen and US Dollar may be at an end, as NZD remains constructively perched above key chart support..

Dow Jones Industrial Average surged for a second day on fiscal stimulus hopes. The US Dollar fell alongside VIX volatility index. Asia-Pacific equities opened broadly higher.