S&P 500, STRAITS TIMES, CHINA A50, ASX 200 INDEX OUTLOOK: US equity futures erased some gains after a “risk-on” session, the S&P 500 closed at record high Congress is bringing stimulus talks back on the table, boosting risk Straits Times and ASX 200 indexes look set to open higher, China A50 index at 12-year . . . → Read More: S&P 500 Hits Record High on Stimulus Hopes, Straits Times Index May Rise

AUD/USD, Australian GDP, Sentiment – Talking Points Australia’s Q3 GDP growth rate crosses the wire at 3.3% QoQ AUD/USD moved higher but reaction appears underwhelming Annual growth still down by 3.8% following Covid calamity Advertisement

The Australian economy grew at a quarterly rate of 3.3% according to the latest GDP report from the . . . → Read More: Australian Dollar Forecast: AUD/USD Whipsaws on Upbeat AU GDP Print

Dow Jones Price Outlook: Advertisement Dow Jones Forecast for the Week Ahead

The Dow Jones trades just narrowly beneath record levels after capping off an incredible November that saw the index surge. While a sectoral rotation trade helped propel the DJIA beyond that of the Nasdaq 100 and S&P 500 for the month, . . . → Read More: Dow Jones Forecast for the Week Ahead

Australian Dollar Talking Points

AUD/USD consolidates ahead of Australia’s Gross Domestic Product (GDP) report as the data is expected to confirm the first recession in nearly 30 years, but key market trends may keep the exchange rate afloat throughout the remainder of the year as the Reserve Bank of Australia (RBA) moves to . . . → Read More: AUD/USD Rate Fails to Test of 2020 High Ahead of Australia GDP Report

S&P 500, NIKKEI 225, ASIA-PACIFIC MARKET OUTLOOK: US equity index futures rebounded after falling on Monday, setting a positive tone for APAC Concerns about a potential post-Thanksgiving viral resurgence weighed on sentiment Australia’s ASX 200 index is testing the 20-Day Simple Moving Average, RBA meeting in focus Advertisement

Asia-Pacific stocks are struggling after . . . → Read More: Nikkei 225, ASX 200 Attempt to Defy Gravity as S&P 500 Futures Turn Positive

Dow Jones, USD/JPY, RBA – Talking Points The Dow Jones Industrial Average led US equity indexes higher USD/JPY faces a key resistance level marked by last year’s low RBA interest rate on tap for traders in December’s first session Advertisement

U.S. equity indexes slipped lower on Monday but the Dow Jones Industrial Average . . . → Read More: USD/JPY at Key Resistance, RBA Rate Decision May Set Market Mood

[embedded content]

Bitcoin (BTC/USD) Price Forecast: Bitcoin has climbed more than 165% in the year-to-date as investors clamor for returns Heralded as a fiat alternative, BTC/USD may have benefited from accommodative monetary policy and covid-related stimulus programs Can Bitcoin continue its charge after reaching a new all-time high? Advertisement Bitcoin Price Forecast: . . . → Read More: Bitcoin Price Forecast: BTC/USD Tops 2017 Peak, Sets Sights Higher

Nasdaq 100 Price Outlook: Advertisement Nasdaq 100 Forecast: What Can Traders Expect in December?

The Nasdaq 100 closed November more than 11% higher for the month after surging in the aftermath of the US Presidential election and on the discovery of a potential coronavirus vaccine. The two themes took turns dominating headlines throughout . . . → Read More: Nasdaq 100 Forecast: What Can Traders Expect in December?

Advertisement Brexit Deal Latest: Still no Brexit deal, but one is expected to be reached very shortly. GBP-crosses have shrugged off any indecent news, suggesting that underlying demand remains strong. Retail trader positioning suggests a mixed bias to the major GBP-crosses. The End of Brexit Negotiations Nears

There’s still no Brexit deal, . . . → Read More: British Pound Forecast: Breakout Potential Remains for EUR/GBP, GBP/JPY, GBP/USD

STOCKS, COVID VACCINE, US DOLLAR, YEN, OPEC+, CRUDE OIL – TALKING POINTS: S&P 500 futures gapped higher, setting a risk-on tone that hurt USD and JPY Crude oil prices down after OPEC+ failed to agree to prolong production caps Chinese PMI data headlines the economic data docket in Asia-Pacific trade Advertisement

A risk-on . . . → Read More: US Dollar and Yen Down as Stocks Rise, Crude Oil Down on OPEC+

Advertisement

Investors’ appetite for risk exposure grew stronger last week. Despite Covid accelerating across key economies, vaccine headlines have underpinned bullish momentum. At the same time, lingering worries over a contested U.S. election appear to be fading from the spotlight.

Trading volume was light following the U.S. Thanksgiving holiday, but . . . → Read More: Markets Week Ahead: S&P 500, U.S. NFP, RBA, OPEC Meeting, Gold, UK-EU Negotiations

USDFUNDAMENTAL HIGHLIGHTS:

Month-End Flows Post Short-Term USD Downside Risks Vol Suppression Sees USD Lower US Facing Multi-Year Trendline Advertisement Month-End Flows Post Short-Term USD Downside Risks

A liquidity thinned week has had the USD on the backfoot with the greenback now below 92.00. Month-end flows are likely to dictate price action in . . . → Read More: US Dollar Forecast: USD Faces Immediate Downside Risks on Month-End Flows

Fundamental Euro Forecast: Neutral EUR/USD is back again to within touching distance of the 1.20 level that is seen by analysts as the line in the sand that has been drawn by the ECB. That raises the question of whether the pair has enough momentum to break higher or whether it will fall back. . . . → Read More: Euro Forecast: More Upside for EUR/USD, Or is 1.20 the Limit?

Gold Prices Fundamental Forecast: Mixed The potential adjustment of the Federal Reserve’s bond-purchasing program may underpin gold prices. Declining real yields and rising inflation expectations also suggest a rebound higher could be in the offing. Non-farm payrolls and a flurry of PMI releases may dictate the near-term outlook for bullion.

. . . → Read More: Gold Price Forecast: Dovish FOMC Could Underpin Bullion Ahead of NFP

Crude Oil Price Analysis & News

Vaccine Optimism Sparks 28% Increase in Oil Prices OPEC+ Meeting Likely to See 3-month Production Hike Delay UAE and Iraq Have Casted Doubts Advertisement OPEC+ Meeting What is Expected

OPEC+ meeting is scheduled to take place Nov 30-Dec 1, where market consensus is for a rollover . . . → Read More: Crude Oil Price Outlook: Oil Price Volatility to Rise Amid Key OPEC Meeting

Key Talking Points: USD/MXN hangs around the 20.00 mark gathering momentum for a new try at a sustained break below this level Key levels to take into account going forward Advertisement

As I mentioned in my forecast for this week, USD/MXN was able to break below 20.00 but buyers were introduced at around . . . → Read More: USD/MXN Eyeing Key Support for Further Downside Momentum

Brexit Outlook and Sterling (GBP/USD) Price, Analysis and Chart: Michel Barnier will travel to the UK today. Sterling starting to look fully-priced. IG client sentiment is bearish. Advertisement

Trade talks between the EU and UK continue today after EU chief negotiator Michel Barnier has briefed the EU Parliament and the Member States this . . . → Read More: British Pound (GBP) Latest – Hitting Resistance as Brexit Talks Continue

EUR/USD, European Central Bank, Coronavirus, Monetary Policy, IGCS – Talking Points: Major Asian equity markets broadly traded higher during Asia-Pacific trade. The dovish stance from the ECB may begin to weigh on the Euro in the near term. EUR/USD at risk of reversing lower as it struggles to breach key resistance. Advertisement Asia-Pacific Recap . . . → Read More: EUR/USD at Risk as ECB Signals Recalibration of Monetary Policy Tools

Fed-Treasury Squabble, Cares Act Funding, S&P 500 – Talking Points Treasury-Fed squabble goes largely unnoticed in markets, risks remain Cares Act funding may be reintroduced under Yellen Treasury Current Fed stance seen as appropriate to support economy Advertisement

Treasury Secretary Steven Mnuchin sent a letter to the Federal Reserve Chair Jerome Powell at . . . → Read More: S&P 500 May Rise Further, Fed-Treasury Affray Brushed Aside for Now

First it was known for the Black Friday stock market crash – then for being the biggest shopping day of the year. The meaning may have evolved, but today, Black Friday is still a subject for stock market scrutiny. Which retailers look set to benefit? What can we learn from the price action . . . → Read More: Black Friday & the Stock Market: Economy, Consumers & Shares

What is a forex entry point?

A forex entry point is the level or price at which a trader enters into a trade (buy/sell). Deciding on a forex entry point can be complex for traders because of the abundance of variable inputs that move the forex market. This article will cover how to . . . → Read More: Find Your Forex Entry Point: 3 Entry Strategies To Try

[embedded content]

Knowing how to control emotions while trading can prove to be the difference between success and failure. Your mental state has a significant impact on the decisions you make, particularly if you are new to trading, and keeping a calm demeanor is important for consistent trading. In this piece, . . . → Read More: How to Manage the Emotions of Trading

Bitcoin (BTC/USD) and Ripple (XRP/USD) Price, Analysis and Chart: Bitcoin slumps $3,000 in 24 hours as volatility soars. Ripple’s volatility at a two-year high. Advertisement

The cryptocurrency market hit heavy selling pressure over the last 24 hours, sending the market spiraling lower. Market leader Bitcoin (BTC) dropped from a high point of just . . . → Read More: Bitcoin (BTC), Ripple (XRP) Stemming Heavy Losses as Volatility Returns

CAD, CAD/JPY, AUD/JPY Analysis and Talking Points

Canadian Dollar Tracking Risk Sentiment, Month-End Flows Tout USD Selling CAD/JPY to Remain Rangebound in the Short-Term AUD/CAD the China vs US Sentiment Proxy Advertisement Canadian Dollar Tracking Risk Sentiment, Month-End Flows Tout USD Selling

Canadian Dollar continues to hover around critical support at 1.3000 . . . → Read More: CAD Rate Outlook: CAD/JPY, AUD/CAD Levels to Watch

New Zealand Dollar, NZD/USD, Thanksgiving – Talking Points Wall Street trading paused from recent strength after two-day rally NZD/USD continues higher, technical picture bullish in short-term U.S. holiday and light economic prints see quiet session ahead Advertisement

New Zealand Dollar strength is seeing follow-through after government officials recommended that the RBNZ include housing . . . → Read More: New Zealand Dollar Forecast: NZD/USD May Rise Over Thanksgiving Holiday

US DOLLAR OUTLOOK: USD PRICE ACTION STRUGGLING TO CATCH A BID AS FOMC MINUTES PROVIDE LITTLE CLARITY ON BOND BUYING PROGRAM US Dollar bears maintain selling pressure and steer the DXY Index to fresh month-to-date lows USD price action might extend lower with volatility falling and market sentiment staying upbeat FOMC minutes from the . . . → Read More: USD Price Outlook: US Dollar Unfazed by Ambiguous FOMC Minutes

Stock market holidays can create unique trading conditions where unusual price action can occur due to lack of liquidity. Trading gaps,flash crashes and seasonal trends such as Black Friday are some of the most notable holiday-related events and phenomena which can make trading during these periods a tricky endeavor. With that in mind, . . . → Read More: Stock Market Holiday Calendar 2020/21

Gold Price Talking Points

The price of gold appears to be staging a recovery after testing the $1800 handle, but the precious metal may continue to search for support over the days ahead as the correction from the record high ($2075) appears to be a shift in market behavior rather than an exhaustion . . . → Read More: Gold Price Forecast: November Selloff Warns of Shift in Market Behavior

Australian Dollar, AUD/USD, Sentiment – Talking Points Upbeat market sentiment drives Dow Jones above 30,000 for first time AUD/USD eyes 2020 high, now within 1% from the current price level Economic releases quiet in session ahead, but China data on tap this week Advertisement

The Australian Dollar is benefiting from a risk-on surge . . . → Read More: Australian Dollar Analysis: AUD/USD Eyes 2020 High on Optimistic Sentiment

US DOLLAR OUTLOOK: USD PRICE ACTION PROBES TWO-YEAR LOWS AS VIX ‘FEAR-GAUGE’ FLOPS USD price action flirting with fresh two-year lows as US Dollar nosedives DXY Index staring off the edge of a cliff amid sustained US Dollar weakness The US Dollar could remain under pressure with the VIX ‘fear-gauge’ imploding Advertisement

The . . . → Read More: USD Price Outlook: US Dollar Eyes Fresh Two-Year Low as VIX Falls

US Elections’ FX Market Impact: Losers Both the DXY Index and gold prices have exhibited weakness in the wake of the US presidential election results. The US political and vaccine development news over the past few weeks have been extremely bearish for safe haven assets, a category in which both gold and the US . . . → Read More: Losers in FX Markets After the US Presidential Election: USD & Gold

Dow Jones Price Outlook: Dow Jones Charges Above 30,000, What Can Stop the Rally?

The Dow Jones charged into record territory in Tuesday trading, passing the 30,000 mark for the first time in its history. Surging nearly 12,000 points over the last 8 months, the Dow Jones has put in an incredible recovery . . . → Read More: Dow Jones Charges Above 30,000, What Can Stop the Rally?

CANADIAN DOLLAR PRICE OUTLOOK: USD/CAD DROPS TOWARD KEY 1.30-LEVEL AS CRUDE OIL SURGES USD/CAD price action plunges amid broad-based Canadian Dollar strength Canadian Dollar is gaining ground as crude oil prices explode higher USD/CAD bears push toward technical support near the 1.3000-price level Advertisement

The Canadian Dollar is advancing against nearly all FX . . . → Read More: USD/CAD Price Outlook: Canadian Dollar Climbs with Crude Oil

Japanese Yen, British Pound, Dow Jones, Covid Vaccine, Janet Yellen, GSA – Asia Pacific Market Open Advertisement

The anti-risk Japanese Yen underperformed over the past 24 hours and may extend losses on Tuesday. Meanwhile, the British Pound was one of the best-performing G10 currencies amid rising hopes of a Brexit deal. On Wall . . . → Read More: Japanese Yen May Fall on GSA Joe Biden Transition, GBP/USD Eyes Resistance

US DOLLAR PRICE OUTLOOK: USD BULLS DEFENDING KEY TECHNICAL SUPPORT LEVEL US Dollar volatility accelerated on Monday as the Greenback staged a big intraday reversal DXY Index recoiled higher as US Dollar bulls keep defending a key technical support level USD price action might continue to fluctuate within the confines of its broader trading . . . → Read More: USD Price Outlook: US Dollar Bulls Hold Critical Support Zone

Nasdaq 100 Price Outlook: Equity price action has stagnated following the drawdown in volatility after the Presidential election While coronavirus vaccine news continues to buoy sentiment, gains in many stocks have also slowed Nasdaq Trading Basics: How to Trade Nasdaq 100 Advertisement Nasdaq 100 Forecast: Tech Stock Gains Slow as Volatility Ebbs

The . . . → Read More: Nasdaq 100 Forecast: Tech Stock Gains Slow as Volatility Ebbs

New Zealand Dollar Talking Points

NZD/USDquickly pulls back from a fresh 2020 high (0.6968) as upbeat data prints coming out of the US economy spark a bullish reaction in the Greenback, and the exchange rate may consolidate over the coming days as the Relative Strength Index (RSI) appears to be falling back from . . . → Read More: NZD/USD Rate Forecast: Textbook RSI Sell Signal Takes Shape

Mexican Peso Technical Price Outlook: USD/MXN Near-term Trade Levels Mexican Peso updated technical trade levels – Daily & Intraday Charts USD/MXN decline fails to hold below support – risk for bear market recovery Key near-term resistance 20.6301 – decline vulnerable into 19.8794

The US Dollar plummeted more than 9.2% off the monthly highs . . . → Read More: Mexican Peso Outlook: USD/MXN Bears Tire Near Downtrend Support

Advertisement

Global equity markets struggled to accumulate meaningful upside momentum despite what has been positive Covid vaccine news from Pfizer and Moderna. The former formally filed its vaccine for emergency use authorization with the FDA. Simultaneously, coronavirus cases in the US climbed, hitting new records alongside hospitalization rates.

On Wall Street, . . . → Read More: Markets Week Ahead: Nasdaq 100, US Dollar, GBP, Brexit, Fed, Treasury, Thanksgiving

Dow Jones, DAX 30, FTSE 100 Forecasts: Neutral The Dow Jones has bounced between multiple Fibonacci levels as it gradually bleeds lower The DAX 30 has etched out an ascending triangle pattern, hinting at potential bullishness The FTSE 100 has climbed far and fast but looks susceptible to shorter-term weakness Dow Jones Technical Forecast . . . → Read More: Dow Jones, DAX 30, FTSE 100 Forecasts for the Week Ahead

Chart created with TradingView

US DOLLAR FORECAST: BULLISH US Dollar selloff stalls as the Fed policy outlook moves away from dovish extremes Officials signaling that monetary policy may have reached its Covid-fighting limits FOMC minutes may reiterate hands-off stance, souring market-wide risk appetite Advertisement

The US Dollar has been stabilizing . . . → Read More: US Dollar May Rise as FOMC Minutes Flag Fed Policy Standstill

Chart created with TradingView

Brexit Outlook and Sterling (GBP/USD) Price, Analysis and Chart: EU/UK stalemate remains as the clock ticks. Coronavirus hampers talks. Advertisement

The latest round of EU-UK trade talks has ended with exactly the same conclusion as the last few rounds, with both sides saying that they are keen . . . → Read More: Sterling (GBP) Outlook Mired by Brexit's Own Groundhog Day

Chart created with TradingView

Japanese Yen Fundamental Forecast: Bullish Anti-risk Japanese Yen rose as US growth outlook deteriorated Covid cases, lockdowns, fiscal woes may keep USD/JPY lower Nikkei 225 may be at risk, Thanksgiving liquidity drain ahead Advertisement Japanese Yen, USD/JPY Recap

The Japanese Yen spent most of this past . . . → Read More: Japanese Yen May Rise With Covid Lockdowns Threatening Nikkei 225 Outlook

Chart created with TradingView

S&P 500 FUNDAMENTAL FORECAST: BEARISH The S&P 500 index may retrace further amid a Treasury-Fed spat while Covid-19 is taking a toll on the jobs market US weekly jobless claims climbed for the first time in five weeks, reflecting weaker sentiment Trading at 27.9 times price-to-earnings . . . → Read More: S&P 500 Weighed by Stimulus Uncertainty Amid Virus Resurgence

CRUDE OIL PRICE PRIMED FOR VOLATILITY AMID CONFLICTING FUNDAMENTAL DRIVERS Crude oil has climbed a whopping 18.5% higher month-to-date Potential for oil price volatility looks likely due to mixed outlook Commodity traders clash over lockdown risk, vaccine optimism Advertisement

Crude oil price action climbed 5.7% this past week. The latest advance solidified . . . → Read More: Crude Oil Price Outlook Volatile as Covid Clashes with Vaccine Hope

Fundamental Euro Forecast: Bearish While traders were focused last week on news of vaccines to control the coronavirus pandemic, little attention was paid to news that Poland and Hungary are blocking the EU’s €750 billion Covid-19 recovery fund. That could be a mistake as the fund would be an important tool in repairing the . . . → Read More: Euro Forecast: EUR/USD Outlook Worsens After EU Recovery Fund Vetoed

US Dollar Forecast Overview: Will the Fed-Treasury disagreement hurt the US Dollar? Maybe not, and the initial market reaction (or lack thereof) is telling. The sideways range in the DXY Index experienced since the end of July remains in place, while spot prices linger along the descending trendline from the March and May swing . . . → Read More: US Dollar Forecast: DXY Index Stuck in Range as Fed-Treasury Fight Goes Public

Gold, XAU/USD, Inflation Bets – Talking Points XAU/USD still primed for move higher as Fed’s QE continues to expand Shifting U.S. political climate poses risks to gold’s fundamental drivers Treasury-Federal Reserve discourse over CARES funding boosts gold XAU/USD Fundamental Outlook: Bullish Advertisement

Gold prices fell for a second consecutive week as traders reassessed . . . → Read More: Gold Price Outlook: XAU/USD Still Primed for Higher Ground

Gold Price Talking Points

The price of gold marks another failed attempt to test the September low ($1849) as it bounces back from a fresh weekly low ($1853), and the precious metal may continue to move to the beat of its own drum even though the Federal Reserve’s balance sheet climbs to a . . . → Read More: Gold Breaks Bearish Price Pattern Amid Failure to Test September Low

Central Bank Watch Overview: Recent shifts in policy by both the Bank of Canada and the Reserve Bank of Australia have made it increasingly unlikely that either central bank takes the dramatic step of cutting their main rate into negative territory. All three of the commodity currency central banks – the BOC, RBA, and . . . → Read More: Central Bank Watch: BOC, RBA, RBNZ Rate Expectations; CAD, AUD, NZD Positioning Update

DAX (Germany 30) Talking Points: DAX trading sideways after sharp v-shaped rebound The index may rise subject to confirmation of bullish pennant formation IG Client Sentiment: Recent rise in longs creates a bearish outlook Advertisement Major Indices Hold Their Ground

Germany and the Eurozone in general attempt to recover from the economic effects . . . → Read More: DAX Price Outlook: Bullish Pennant May Provide Added Boost

US Dollar vs Mexican Peso Price, News and Analysis: USDMXN nears a fresh eight-month low. A full retrace to the mid-February low cannot be ruled out. Advertisement

The Mexican Peso, and emerging market currencies as a whole, continues to move higher on growing optimism that an effective covid-19 vaccine is a matter of . . . → Read More: USDMXN Outlook – Staring at a Fresh Multi-Month Low on Renewed US Dollar Weakness

USD/CAD, CAD/JPY Analysis & News

USD/CAD Directionless, Ebb and Flow of Risk Sentiment to Dictate Pair CAD/JPY Vaccine Spike Retraced Advertisement USD/CAD Directionless, Ebb and Flow of Risk Sentiment to Dictate Pair

USD/CAD: An overall subdued week thus for the pair, trading in one of its narrowest ranges of the year. Much . . . → Read More: Canadian Dollar Forecast: USD/CAD, CAD/JPY Levels to Watch

USD/JPY, Sentiment, Covid – Talking Points USD/JPY set to close out a bearish week as Covid drives safe-haven bids Wall Street finished modestly higher despite a worrisome jobless claims report USD/JPY drops under 104 handle and now eyes trendline support from March lows Advertisement

Wall Street ended the day with gains across the . . . → Read More: Japanese Yen Outlook: USD/JPY May Fall to Support as Covid Boosts Haven Bets

Australian Dollar Talking Points

AUD/USD trades to a fresh weekly low (0.7255) even though Australia’s Employment report showed an unexpected pickup in job growth, and swings in risk appetite may sway the exchange rate over the remainder of the month as the US Dollar continues to reflect an inverse relationship with investor confidence.

. . . → Read More: AUD/USD Consolidation Takes Shape Following Test of Monthly High

Canadian Dollar Talking Points

USD/CAD pares the decline from earlier this week as the US Dollar appreciates on the back of waning risk appetite, and swings in investor confidence may continue to sway the exchange rate as the threat of protracted recovery puts pressure on major central banks to deploy more non-standard measures.

. . . → Read More: USD/CAD Outlook: Weekly Range Remains Intact Ahead of G20 Summit

USD, NZD/USD Analysis & News

NYC School Shutdown Triggers Pullback in Risk Appetite Correcting Dollar Shallow Thus Far, NZD Upside is Stretched Advertisement

NYC School Shutdown Triggers Pullback in Risk Appetite

Near-term risks have become more apparent in recent sessions, although given the recent vaccine optimism, markets for a large part . . . → Read More: US Dollar Beginning to Correct Higher, NZD/USD Upside Stretched

Key Talking Points: Gold faces a tighter range after the significant drops caused by vaccine news Low interest rates and increased money supply paint a bullish case for Gold Long positions continue to fall Advertisement

Gold was in for another day of two-way trading yesterday but remained trapped below $1900 in what seems . . . → Read More: XAU/USD Forecast: Inflation and Excess Liquidity to Keep Gold Supported in the Long-Term

Australian Dollar, AUD/USD, Jobs Report – Talking Points Risk aversion rises as Covid-19 forces NYC schools to close down Australian Dollar in focus with October’s jobs report on tap AUD/USD may break under 2019 high on weak employment data Advertisement

On Wall Street, Covid-related economic fears pushed stocks lower into the closing bell. . . . → Read More: Australian Dollar Outlook: AUD/USD May Break Support on Jobs Report

CANADIAN DOLLAR PRICE OUTLOOK: USD/CAD, CAD/JPY, NZD/CAD Advertisement

Canadian Dollar price action has been mixed so far this week with the Loonie gaining ground against the Greenback but weakening relative to the Japanese Yen and New Zealand Dollar. USD/CAD has declined roughly 50-pips from last Friday’s close with CAD/JPY dropping by a similar . . . → Read More: Canadian Dollar Technical Outlook: USD/CAD, CAD/JPY, NZD/CAD

[embedded content]

S&P 500 Price Outlook: Tesla is set to join the benchmark S&P 500 index on December 21 The electric vehicle manufacturer will likely join the top-10 largest stocks on the index Known for considerable volatility and adamant supporters, how might the addition of Tesla impact the index and the stock . . . → Read More: S&P 500 Forecast: How Will the Addition of Tesla Impact the Index?

New Zealand Dollar Talking Points

NZD/USD extends the advance from earlier this month to trade to a fresh 2020 high (0.6945) in November, and recent developments in the Relative Strength Index (RSI) indicate the bullish momentum could gather pace as the oscillator breaks above 70 to push into overbought territory.

Advertisement NZD/USD Rate . . . → Read More: NZD/USD Rate Clears 2019 High and Triggers Overbought RSI Reading

Gold Price Talking Points

The price of gold struggles to retain the rebound from the monthly low ($1851) even though the US Dollar remains on under pressure following the US election, and the precious metal appears to be moving to the beat of its own drum as it tracks the September range.

. . . → Read More: Gold Prices to Watch as September Range Remains Intact

AUD/JPY, NZD/JPY, Sentiment – Talking Points Japanese Yen coming off a strong session as U.S. equities sputter Asian trade deal may see APAC trading overcome downbeat U.S. sentiment Falling Treasury yields may help explain recent Yen strength as investors seek return Advertisement

The Japanese Yen strengthened on Tuesday as risk appetite paused during . . . → Read More: Japanese Yen Outlook: AUD/JPY, NZD/JPY Drop as Falling US Yields Lift Yen

Gold Price Forecast: Gold suffered a serious decline to start last week, cratering more than 5% on covid vaccine headlines Still, price has maintained its trading range between two opposing technical levels With little scheduled event risk in the days ahead, a continuation of the current trading range seems likely Gold Price Forecast: XAU/USD . . . → Read More: Gold Price Forecast: XAU/USD Consolidation Continues as Range Holds

Australian Dollar Talking Points

AUD/USD consolidates after testing the monthly high (0.7340), but recent price action points to a further appreciation in the exchange rate as it carves a series of higher highs and lows.

Advertisement AUD/USD Tests Monthly High as Bullish Price Pattern Takes Shape

Key market themes may keep AUD/USD . . . → Read More: AUD/USD Tests Monthly High as Bullish Price Pattern Takes Shape

EUR/USD Rate Talking Points

EUR/USD trades higher for the fourth consecutive day as the US Dollar weakness against most of its European counterparts, and the exchange rate appears to be on track to test the monthly high (1.1920) as it extends the series of higher highs and lows from the previous week.

Advertisement . . . → Read More: EUR/USD Forecast: Bullish Price Pattern Brings Monthly High on Radar

US DOLLAR OUTLOOK: USD PRICE ACTION PUSHES LOWER WITH TREASURY YIELDS Sustained US Dollar selling pressure pushes the DXY Index to a critical technical support zone EUR/USD and GBP/USD price action flirting with session highs as USD/JPY extends lower Treasury yields retreating on the back of speculation that the FOMC might need to do . . . → Read More: USD Price Outlook: US Dollar Slides as Treasury Yields Retreat

AUD/USD, Moderna Vaccine, Covid – Talking Points Moderna vaccine news lifts sentiment, Wall Street stocks rise AUD/USD breaks above 0.73 handle, eyes 2020 high RBA minutes, Governor Lowe speech on tap Advertisement

Australian Dollar strength is receiving a boost from further positive Covid vaccine news. The American-based biotechnology company Moderna announced results from . . . → Read More: Australian Dollar Forecast: AUD/USD Boosted on Vaccine Sentiment, More to Go?

DOW JONES PRICE OUTLOOK: STOCKS SURGE TO NEW RECORD HIGHS DRIVEN BY MODERNA VACCINE RESULTS Dow Jones price action surged during Monday’s trading session and closed at a new record high Major stock indices jumped higher largely in response to Moderna coronavirus vaccine results Risk of complacency builds as investors look past COVID-19 hospitalizations, . . . → Read More: Dow Jones Forecast: Stock Market Hits New High on Moderna Vaccine

New Zealand Dollar Talking Points

NZD/USDapproaches the monthly high (0.6914) as the US Dollar depreciates against commodity bloc currencies, and the exchange rate may trade to fresh yearly highs over the coming days as the Relative Strength Index (RSI) flirts with overbought territory.

Advertisement NZD/USD Rate to Eye Fresh 2020 Highs on Overbought . . . → Read More: NZD/USD Rate to Eye Fresh 2020 Highs on Overbought RSI Reading

Researching stocks involves incorporating multiple sources of information, deduction and strategies, all whilst markets are constantly transforming. Stock traders and investors need to know what information is useful to them as well as the most efficient and accurate way to go about stock research.

This article will explore key aspects of . . . → Read More: How to Research Stocks: A Step by Step Guide

Canadian Dollar Talking Points

USD/CAD pares the advance from the yearly low (1.2928) as the US Dollar weakens against commodity bloc currencies, which includes the Australian Dollar along with the New Zealand Dollar, and the Canadian Dollar may continue to appreciate against the Greenback as the exchange rate snaps the series of higher . . . → Read More: USD/CAD Rebound Unravels as Fed Balance Sheet Approaches Record High

Advertisement

Global equity markets experienced rotation-trade dynamics. Investors piled capital into more traditional industries. In the US, the Dow Jones outperformed the S&P 500 as the tech-heavy Nasdaq Composite declined. Real US Treasury yields (inflation-indexed bonds) climbed as traders felt more optimistic about the long-run path for world growth. Anti-fiat gold prices . . . → Read More: Markets Week Ahead: Dow Jones, Nasdaq, Crude Oil, OPEC, GBP/USD, Brexit Talks

Dow Jones, DAX 30, FTSE 100 Forecasts: Neutral Dow Jones Forecast

Outlook: Neutral

Stocks soared early last week on news that an effective coronavirus vaccine was in the pipeline for development. The news helped lift sectors of the market that had been beaten down during the earlier stages of the pandemic, namely . . . → Read More: Dow Jones, DAX 30, FTSE 100, S&P 500 Forecasts for the Week

USD/MXN Fundamental Forecast: Neutral Advertisement

USD/MXN starts to recover downside momentum heading into the new week as an unexpected unchanged rate decision from Banxico consolidates the Peso as an attractive investment currency. This comes after another week of choppy trading as news headlines dominated market sentiment, and despite not being able to perform . . . → Read More: Mexican Peso Fundamental Forecast: USD Claws Back Losses as a Reality Check Kicks In

Fundamental Euro Forecast: Bearish EUR/USD fell early last week even as hopes of a coronavirus vaccine raised the tantalizing prospect of a global economic recovery and prompted a move by investors out of safe havens like the US Dollar into more risky assets such as stocks. By Thursday, this optimism had already started to . . . → Read More: Euro Forecast: EUR/USD May Extend Last Week's Losses

Gold Fundamental Outlook: Neutral Gold prices tumbled early this past week on Covid vaccine optimism Rising coronavirus cases, US fiscal stimulus woes kept prices afloat The latter remain upside factors for XAU/USD, will losses reverse? Advertisement

At the beginning of this past week, gold prices tumbled in the worst performance over a daily . . . → Read More: Gold Price Forecast: XAU/USD May Remain Afloat Despite Covid Vaccine Hopes

Char created with TradingView

US Dollar Fundamental Forecast – Neutral The US Dollar (DXY Index) remains near yearly lows under the 93 handle Record Covid cases across U.S. see safe-haven bids on the Yen and Franc Lack of high-impact economic data next week leaves Covid fears in the spotlight Advertisement

The . . . → Read More: US Dollar Forecast: Covid Cases, Retail Sales May Keep DXY, Yen and Franc Afloat

CRUDE OIL PRICE WEEKLY FUNDAMENTAL FORECAST: NEUTRAL Crude oil price outlook is cautiously optimistic owing to positive coronavirus vaccine news Global crude oil demand has turned lower amid renewed COVID-19 lockdown measures Crude oil prices could climb higher with OPEC+ likely to delay an increase in production Advertisement

Crude oil price action ripped . . . → Read More: Crude Oil Forecast: JMMC, Lockdowns, Vaccine News in Focus

Australian Dollar Fundamental Forecast: Bullish Easing local restrictions may continue to underpin AUD. The RBA’s dismissal of negative rates may also put a premium on the cyclically-sensitive currency. RBA meeting minutes, employment and retail sales data next in focus.

Recommended by Daniel Moss

Get Your Free AUD . . . → Read More: Australian Dollar Eyeing Yearly High Ahead of RBA Minutes, Jobs Data

Gold (XAU/USD) Analysis, Price and Chart Gold nears moving average resistance. Monday’s bear candle will likely trap gold’s price action. Client sentiment is mixed despite clients being heavily long. Advertisement

Gold had a sharp turn for the worse on Monday, selling off by around $100/oz. at one stage as positive

coronavirus . . . → Read More: Gold Price (XAUUSD) Forecast – Setting Up a New Trading Range

GBP/USDFUNDAMENTAL HIGHLIGHTS:

GBP/USD Unwinds Vaccine Boosts EU-UK Trade Negotiations Once Again In Focus No-Deal Brexit Risks are Fading

Weekly Performance: GBP/USD had gotten off to a strong start to the week following a breakthrough on the vaccine front with Pfizer announcing positive results. However, the move above 1.33 had been short-lived with . . . → Read More: GBP/USD Weekly Forecast: Sterling Eyes Final Stages of Brexit Negotiations

US Elections’ FX Market Impact: Winners Both USD/CAD and USD/MXN rates showed significant weakness in the immediate reaction to the US presidential election results. The US political and vaccine development news over the past week have been extremely bullish for the Canadian Dollar and the Mexican Peso, insofar as it means a higher likelihood . . . → Read More: Winners in FX Markets After US Presidential Election: CAD & MXN

GOLD PRICE PEELS BACK FROM SESSION HIGHS AS S&P 500 INDEX STUTTERS FOLLOWING CONSUMER SENTIMENT DATA Consumer sentiment data for November revealed a notable decline and missed estimates Gold prices drift lower from session highs despite a rise in future inflation expectations S&P 500 Index under pressure as consumers see less favorable economic conditions . . . → Read More: Gold Price Ebbs, S&P 500 Wavers as Consumer Sentiment Worsens

Bitcoin (BTC/USD) Price, Analysis and Chart: Investors remain heavily long of Bitcoin, and so far they are correct. Bitcoin and gold benefit from ultra-loose central bank monetary policy. Advertisement

Bitcoin continues to stair-step higher and today made another multi-year high around $16,500. We looked at BTC yesterday and suggested that the positive daily . . . → Read More: Bitcoin (BTC) Outlook – Positive Outlook But Beware of Volatility Risk

Crude Oil Price Analysis & News Oil Extends Gains on API Drawdown Short Risks Do Remain with Upside Somewhat Exhausted Advertisement Oil Prices Leaking Lower

Oil prices crude futures are on the backfoot to close out the week with WTI breaking support at the $41.00/bbl level. Among the factors behind the latest downtick . . . → Read More: Crude Oil Prices Eye JMMC Meeting as OPEC Look to Delay Production Hike

Brexit Outlook and Sterling (GBP/USD) Price, Analysis and Chart: Brexit deadlines loom and Sterling volatility may jump. UK PM Johnson’s leadership is under scrutiny Advertisement

The UK government is in full-on fire-fighting mode as political infighting, Brexit deadlines and a record surge in coronavirus cases all land on the Prime Minister’s desk. The . . . → Read More: British Pound (GBP) Latest: Brexit Deadline, Covid Surge, Whitehall Infighting

Chinese PMI, Hong Kong GDP, AUD/NZD, USD/CNH – Talking Points Wall Street Indices closed in the red today as Treasury yields climbed New Zealand Business PMI shows manufacturing activity expanding USD/CNH, AUD/NZD focusing on Chinese FDI and Hong Kong GDP Advertisement

The Wall Street trading session closed to the downside with major US . . . → Read More: Australian Dollar Forecast: AUD/NZD May Rise on Positive Hong Kong GDP

Dow Jones Price Forecast: Dow Jones Forecast: Evening Star Candlestick Hints at Reversal Potential

After surging to record highs to start the week, price action in the Dow Jones has slowed somewhat and sellers have had the upper hand in the week’s second half. As a result, the Industrial Average formed an evening . . . → Read More: Dow Jones Forecast: Evening Star Candlestick Hints at Reversal Potential

GOLD PRICE OUTLOOK MIRED BY SWINGS IN INTEREST RATES, INFLATION EXPECTATIONS Gold price action tumbled sharply to start the trading week but has since tried to stabilize Precious metals plunged as US Treasury yields spiked higher due to election, vaccine news Lingering coronavirus concerns threaten to undermine inflation expectations and gold prices Advertisement

. . . → Read More: Gold Price Outlook Hinges on Vaccine Hope Outshining Virus Fear

US traders – from pros to hobbyists – have a platform with new options that can better suit their style and interests. Below, we explore the three trading types and what Nadex can offer them.

The fast-paced world of scalping; the leisurely marathon of position trading; the technical prowess of algorithmic . . . → Read More: Three Trading Types and How They Influence the Market

Banxico, USD/MXN, Covid – Talking Points Bank of Mexico leaves rates unchanged at 4.25% versus 4.00% expected USD/MXN falls as Peso strengthens on the hawkish move from Banxico Risks to outlook and inflation remain dependent on Covid Advertisement

The Bank of Mexico held its benchmark interest rate on Thursday. The hold on cutting . . . → Read More: Mexican Peso Outlook: USD/MXN Drops on Unexpected Banxico Rate Hold

Japanese Yen, COVID, USD/JPY – Talking Points US Dollar rises against the Japanese Yen as post-election trades come off Covid may come back into focus with U.S. election foregone amid rising cases USD/JPY price action faces confluent technical resistance overhead Advertisement

The US Dollar continued to gain against the Japanese Yen following a . . . → Read More: Japanese Yen: USD/JPY May fall as Election Gives Way to Rising Covid Cases

[embedded content]

Nasdaq 100 Price Forecast: Nasdaq 100 Outlook: Tech Stocks Consolidate Before Next Move

In an unusual turn of events, the tech-heavy Nasdaq 100 lags the Dow Jones this week following news that a coronavirus vaccine may be on the horizon. Offering a boost to corporations with more traditional business . . . → Read More: Nasdaq 100 Outlook: Tech Stocks Consolidate Before Next Move

Implied volatility, synonymous with expected volatility, is a variable that shows the degree of movement expected for a given market or security. Often labeled as IV for short, implied volatility quantifies the anticipated magnitude, or size, of a move in an underlying asset.

Advertisement WHAT IS IMPLIED VOLATILITY?

Implied volatility is a . . . → Read More: Implied Volatility: What is it & Why Should Traders Care?

US Dollar Talking Points: The US Dollar showed weakness around last week’s election results. The USD put in a long-term trendline test to close last week; and so far this week bulls have remained in charge each day through early-Wednesday trade. The analysis contained in article relies on price action and chart formations. To . . . → Read More: US Dollar Clings to Long-Term Trendline, Confluent Support Lurks Below