DailyFX - Feeds all

DailyFX - Feeds all

Gold Price Forecast: Gold Bulls on the Bid, XAU Rallies to Resistance

Posted: 07 Dec 2020 08:30 AM PST

Gold put in a strong pop this morning, giving rise to the thought that buyers might be getting back in control to push the longer-term bullish cycle.

USD/CAD Rate Rebound Vulnerable as RSI Sits in Oversold Territory

Posted: 07 Dec 2020 07:00 AM PST

USD/CAD may extend the series of lower highs and lows from the start of the month as the RSI sits in oversold territory for the first time since June.

Markets Week Ahead: GBP/USD, Brexit, EUR/USD, ECB, Dow Jones, Vaccine Doses

Posted: 07 Dec 2020 05:30 AM PST

Market sentiment improved as the Nasdaq Composite, Dow Jones climbed. Investors are looking forward to Covid relief bills from the US as the world heads for its first vaccine doses. EUR/USD awaits ...

USD/ZAR Outlook: Rand Anticipates Positive South African Q3 GDP Data

Posted: 07 Dec 2020 02:52 AM PST

Tomorrows SA Q3 GDP data could carry the Rand toward a green December with a significant economic rebound.

DAX 30 Lacks Bullish Momentum, EUR/USD Buyers Eyeing Pullbacks

Posted: 07 Dec 2020 02:30 AM PST

Equity markets struggle to keep bullish momentum as vaccine enthusiasm gives way to political uncertainty

Ripple (XRP) Setting Up for a Breakout as Bullish Pennant Forms

Posted: 07 Dec 2020 01:49 AM PST

Ripple has consolidated its recent gains and is now looking at pressing further ahead if a bullish technical pattern holds true.

Sterling (GBP) Continues to Crumble as EU/UK Brexit Talks Hit a Roadblock

Posted: 07 Dec 2020 01:37 AM PST

GBP/USD is down nearly two cents in early turnover on a raft of negative Brexit trade talk headlines.

British Pound Outlook: No-Deal Brexit Fears to Undermine GBP/USD

Posted: 07 Dec 2020 12:00 AM PST

The politically-sensitive British Pound could be at risk of extended losses as a no-deal Brexit scenario becomes increasingly likely.

Gold Prices Buoyed By Weaker Dollar, Challenging Key Chart Resistance

Posted: 06 Dec 2020 11:00 PM PST

A weaker US Dollar appears to be buoying gold prices since last week, pushing bullion to challenge chart resistance. Breaking higher could pave way for further upside potential.

How to Trade the Impact of Politics on Global Financial Markets

Posted: 06 Dec 2020 10:00 PM PST

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.

US Dollar Vulnerable as SGD, INR Gain with Emerging Markets. What are Risks?

Posted: 06 Dec 2020 09:00 PM PST

The US Dollar sank, with the Singapore Dollar and Indian Rupee rising. Emerging markets eye external risk as the first vaccine dose is circulated. With stocks at new highs, could profit-taking shak...

Natural Gas Prices May Fall Further on Warmer Weather, Technical Outlook

Posted: 06 Dec 2020 08:00 PM PST

Natural gas prices may see further losses despite a perch above chart support after falling last week as NOAA called for warmer temperatures.

Australian Dollar Aims Higher Despite Mixed Response to China Trade Data

Posted: 06 Dec 2020 07:00 PM PST

The Australian Dollar may be at risk of a short-term pullback against its major counterparts after dismissing robust trade data out of China, the nation's largest trading partner.

Dow Jones, Hang Seng Weekly Open: Edging Higher with Fading Momentum

Posted: 06 Dec 2020 06:00 PM PST

Asia-Pacific markets attempted to digest mixed macro data and vaccine news after major US stock indices closed at their record highs. A disappointing nonfarm payroll report reignited hopes for poli...

British Pound at Risk on Brexit Impasse, Yen Up as Market Mood Sours

Posted: 06 Dec 2020 05:00 PM PST

The British Pound is wobbly amid worries about a last-ditch Brexit deal. The Yen as up as markets fret about soft US jobs growth and escalating tensions with China.
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