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US Dollar Price Outlook: DXY May Extend Fall on Renewed Fiscal Aid Hopes

The US Dollar Index (DXY) looks set to extend its slide to yearly lows on the back of renewed fiscal stimulus hopes and dovish rhetoric from several members of the Federal Reserve. Source: News FX

Crude Oil Prices Eye Deeper Pullback on OPEC+ Doubts, Rising Stockpiles

Crude oil prices retraced further from recent highs as traders unwind expectations for an OPEC+ resolution to rein output. The American Petroleum Institute (API) reported a large build in crude inv... Source: News FX

S&P 500 Hits Record High on Stimulus Hopes, Straits Times Index May Rise

Asia-Pacific stocks are poised to trade higher following strong US leads overnight. Renewed US stimulus hopes and prospects for herd immunity by summer next year buoyed risk appetite. Source: News FX

Australian Dollar Forecast: AUD/USD Whipsaws on Upbeat AU GDP Print

The Australian Dollar is receiving a small boost following a better than expected Q3 GDP print, but upward price pressure is fading fast. On a quarterly basis, the Australian economy grew at 3.3% s... Source: News FX

Silver Boosted on Renewed Stimulus Hopes, Equities Focus on AU GDP Next

December trading kicked off with the US Dollar breaching a new two-year low on renewed stimulus hopes. In turn, silver prices received a huge boost on stimulus-linked inflation outlooks. Source: News FX

Dow Jones Forecast for the Week Ahead

The Dow Jones enjoyed an almost parabolic climb in November which has since transitioned into a pattern of consolidation. With a largely constant fundamental landscape, technical levels might offer... Source: News FX

AUD/USD Rate Fails to Test of 2020 High Ahead of Australia GDP Report

AUD/USD may trade within a defined range over the coming days as Australia’s GDP report is expected to confirm the first recession in nearly 30 years. Source: News FX

US Dollar Breaches Big Support, Builds Evening Star on M1

It's been a brutal stretch for the Greenback since the Election last month. But there may be darker days ahead for USD bulls. Source: News FX

Euro Rate Forecast: Bullish Breakouts Abound - Levels for EUR/CHF, EUR/JPY, EUR/USD

A new month brings new fortunes. The Euro is starting off December on strong footing. Source: News FX

Forex Analysis

USDCAD analysis for 01.12.2020

Gross Domestic Product, Quarterly Gross Domestic Product Annualized and RBC Manufacturing PMI (s.a.) will be released in Canada and the US will publish ISM Manufacturing Data and Construction Spending. FOMC Members will deliver a speech. The…

GBPUSD analysis for 01.12.2020

PMI Manufacturing and Nationwide House Price Index data were released in the UK. The uncertainty over the trade deal with EU brings more pressure on pound. The pair is finding support at 1.33500 with resistance at 1.34170 which both lines are…

EURUSD analysis for 01.12.2020

EUR was in bullish trend against USD due to the general weakness of USD. Traders await the ECB interest rate decision which lowering the rates will cause a negative impact on the economy and EUR. On the other hand, breaking the 1.2000 level…

AUDUSD analysis for 30.11.2020

Company Operating Profits and Private Sector Credit data were released in Australia and the US will publish Chicago Purchasing Managers Index and Pending Home Sales. The support rests at 0.0.73500 with resistance at 0.74210 which both lines…

USDJPY analysis for 30.11.2020

Housing Starts data was released in Japan. JPY is still in power against USD. The support rests at 103.620 with resistance at 104.410 which the weekly pivot point at 104.190 is located in between the lines. The EMA of 10 is moving with bearish…

EURUSD analysis for 30.11.2020

EUR is moving in high ranges and there is no reason for further growth, therefore it’s too late to enter the buying orders. While there were no major economic reports on Friday, EURUSD continued the bullish trend. EUSUSD is finding support…

USDCAD analysis for 27.11.2020

USDCAD is moving slowly due to the thanksgiving celebration. The pair is finding support at 1.29660 with resistance at 1.30300 which both lines are below the weekly pivot point at 1.30890. The EMA of 10 is moving with bearish bias in the descendant…

GBPUSD analysis for 27.11.2020

Nationwide House Price Index will be released in the UK. Pound is still in demand due to Brexit deal. GBPUSD is finding support at 1.33440 with resistance at 1.33940 which both lines are above the weekly pivot point at 1.32560. The EMA of 10…

EURUSD analysis for 27.11.2020

EUR bulls are dominating the chart. With Thanksgiving in the US, the market is quiet and mostly influenced by the reports in Eurozone. EUSUSD is finding support at 1.19030 with resistance at 1.19690. Both lines are above the weekly pivot point…

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