News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
Real Time News
  • Do you know how to properly Identify a double top formation? Double tops can enhance technical analysis when trading both forex or stocks, making the pattern highly versatile in nature. Learn more about the double top formation here: https://t.co/t9FlspUVZz https://t.co/9kfBu04auM
  • Dealing with the fear of missing out – or FOMO – is a highly valuable skill for traders. Not only can FOMO have a negative emotional impact, it can cloud judgment and overshadow logic. Learn how you can control FOMO in your trading here: https://t.co/lgDf5ddzFV https://t.co/8GJ6OQYgnW
  • Bitcoin (BTC) started the day on the front foot on the Twitter news before the latest China crypto ban hammered the market lower. Get your weekly crypto forecast from @nickcawley1 here: https://t.co/ZKHGXeVhsR https://t.co/QSltMQml6N
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here: https://t.co/kODPAfJE79 https://t.co/DSp7f3YuAx
  • Technical analysis of charts aims to identify patterns and market trends by utilizing differing forms of technical chart types and other chart functions. Learn about the top three technical analysis tools here: https://t.co/KDjIjLdTSk https://t.co/HNqHcbL6vk
  • The US Dollar continues to push higher against ASEAN currencies after the FOMC rate decision. This leaves the USD/SGD, USD/THB, USD/PHP and USD/IDR outlook mostly tilted higher. Get your market update from @ddubrovskyFX here:https://t.co/zn56iTFBxM https://t.co/FbepD4RaFg
  • The US Dollar seems to be back on the offensive against its major counterparts, pressuring EUR/USD and NZD/USD lower as USD/JPY consolidates. USD/CHF surges past key resistance. Get your market update from @ddubrovskyFX here:https://t.co/MrLGSp7FYa https://t.co/XS0176LyOg
  • The Japanese Yen remains in focus with strength potential on risk aversion themes to go along with weakness on themes around higher rates. Get your weekly $JPY technical forecast from @JStanleyFX here: https://t.co/l4UICqJzJy https://t.co/dQ2pS0E4fp
  • Google finance-related search interest in 'Evergrande' has almost overtaken 'Covid'. 'Taper' doesn't even register on the scale https://t.co/P6H9sHFVIB
  • Gold prices gain as potential systemic risks out of China's Evergrande Group roil broader markets. Meanwhile, iron ore is ticking higher after a big drop on Monday as China steps up steelmaking curbs. Get your market update from @FxWestwater here:https://t.co/l4kAWDJ2wm https://t.co/b9m5ADIqqb
Markets Week Ahead: Nasdaq 100, US Dollar, GBP, Brexit, Fed, Treasury, Thanksgiving

Markets Week Ahead: Nasdaq 100, US Dollar, GBP, Brexit, Fed, Treasury, Thanksgiving

Daniel Dubrovsky, Strategist
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, the tech-heavy Nasdaq Composite outperformed, but gains were very modest this past week. The US Dollar lost ground to most major currencies as longer-dated Treasury yields declined. The latter speaks to fading confidence in the medium-term growth outlook. Crude oil prices outperformed on rising bets that OPEC+ will delay raising output in 2021.

Investors were also thrown off guard by a squabble between the Treasury and Federal Reserve over unused funds from emergency lending facilities established from the CARES Act. The former wants the latter to return some of them back to the department. Treasury Secretary Steven Mnuchin wants these redirected. This is as Congress struggles to pass another fiscal package amid gridlock.

Meanwhile, the British Pound cautiously rose as the EU and UK seemed to inch closer to a Brexit deal. Reports crossed the wires that an agreement could perhaps be reached within 2 weeks. Ahead, investors are eyeing FOMC minutes with expectations for more asset purchases brewing before December’s monetary policy announcement.

ECB minutes are also on tap for the Euro, as well as German and Euro-Area consumer confidence. The US will release Conference Board Consumer Confidence, which may decline given the recent surge in Covid cases. Expect lower-than-usual liquidity conditions with US markets offline on Thursday for the Thanksgiving holiday. What else is in store for markets ahead?

Fundamental Forecasts:

Japanese Yen May Rise With Covid Lockdowns Threatening Nikkei 225 Outlook

Japanese Yen momentum may hold ahead amid rising Covid-19 cases locally and abroad, threatening the global growth outlook. USD/JPY appears to be following bond yield spreads again.

Gold Price Outlook: XAU/USD Still Primed for Higher Ground

Gold prices fell for a second consecutive week as inflation expectations eased after a U.S. political shift. A dispute between the Federal Reserve and Treasury is boosting gold prices, will momentum pickup?

Sterling (GBP) Outlook Mired by Brexit's Own Groundhog Day

The EU and UK continue their post-Brexit trade talks, stressing that a deal is within reach, but neither side is prepared to move to get a deal over the line. Again.

Euro Forecast: EUR/USD Outlook Worsens After EU Recovery Fund Vetoed

With the markets focused on coronavirus vaccines, it was easy to miss news last week that Poland and Hungary have blocked the EU’s recovery fund; another potential negative for the Euro.

US Dollar May Rise as FOMC Minutes Flag Fed Policy Standstill

The US Dollar may rise as minutes from November’s FOMC meeting cement the Fed in wait-and-see mode, cooling risk appetite even as the yield outlook turns more supportive.

S&P 500 Weighed by Stimulus Uncertainty Amid Virus Resurgence

The S&P 500 index may pull back further due to a lack of stimulus clarity amid rapidly climbing Covid-19 cases. IMF painted an uneven recovery outlook, with more policy action needed.

Crude Oil Price Outlook Volatile as Covid Clashes with Vaccine Hope

Crude oil price volatility looks set to linger as outlook for the commodity closely tied to GDP growth remains clouded by near-term downside risks undermining COVID-19 vaccine optimism.

Technical Forecasts:

Mexican Peso Technical Forecast: Will Critical Support be Broken?

USD/MXN looks set to renew downside momentum in a new attempt to break a critical support level

Australian Dollar Forecast: Aussie Rally Testing Key Breakout Levels

Australian Dollar is probing multi-year downtrend resistance- Aussie breakout ahead? These are the levels that matter on the AUD/USD weekly technical chart.

Pound Technical Outlook – GBP/USD In Slow Grind Mode, Big Resistance Ahead

Cable continues to rise within the confines of a channel, but has a stiff test ahead with long-term resistance looming.

Dow Jones, DAX 30, FTSE 100 Forecasts for the Week Ahead

After surging to fresh all-time highs earlier this month, stocks have slipped into consolidation mode as they bounce between technical levels ahead of the next major moves. Here are the levels to watch.

Gold Weekly Technical Forecast: Gold Coiling for Break-Out

Gold challenging range lows amid the tug of war between vaccine optimism and virus concerns.

US DOLLAR WEEKLY PERFORMANCE AGAINST CURRENCIES AND GOLD

US Dollar vs Currencies chart

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES