FX Week Ahead: December ECB Rate Decision & EUR/USD Rate Forecast The December European Central Bank rate decision will conclude on Thursday, December 10 at 12:45.FX Week Ahead: December BOC Rate Decision and USD/CAD Rate Forecast The December Bank of Canada rate decision will conclude on Wednesday, December 9 at 15:00.Nasdaq 100 Outpaces Dow Jones, S&P 500.Has The Rotation Ended? The Nasdaq 100 enjoyed a return to form to start the week, outpacing the Dow Jones and S&P 500 as technology stocks showed signs of strength.Does this mark the end of the rotation.FX Week Ahead: November Mexican Inflation & USD/MXN Rate Forecast The November Mexican inflation (CPI) report will be released on Wednesday, December 9 at 13:00.FX Week Ahead: Brexit Deal Deadline & EUR/GBP Rate Forecast Will a Brexit deal be reached? EUR/GBP rates don’t seem to think so.But any outcome is still possible as UK PM Johnson heads to.
Black Friday & the Stock Market: Economy, Consumers & Shares From the Black Friday stock market crash to retail frenzy, what does Black Friday mean for.Moving Average (MA) Explained for Traders The Moving Average is a popular indicator for identifying trends.Learn how to use and interpret.Euro Rally Pauses as Brexit Lingers – Outlook Remains Bullish for EUR/USD, EUR/JPY Rates The Euro rally has paused, but a small setback may not mean the bullish breakout attempts are.How to Read a Candlestick Chart Learn how to read and interpret candlestick charts for day trading, with top strategies and.Gold Price Forecast: Gold Bulls on the Bid, XAU Rallies to Resistance 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.USD/CAD Rate Rebound Vulnerable as RSI Sits in Oversold Territory 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.Markets Week Ahead: GBP/USD, Brexit, EUR/USD, ECB, Dow Jones, Vaccine Doses 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 Tomorrows SA Q3 GDP data could carry the Rand toward a green December with a significant economic.DAX 30 Lacks Bullish Momentum, EUR/USD Buyers Eyeing Pullbacks Equity markets struggle to keep bullish momentum as vaccine enthusiasm gives way to political.
Ripple (XRP) Setting Up for a Breakout as Bullish Pennant Forms Ripple has consolidated its recent gains and is now looking at pressing further ahead if a bullish technical pattern holds.Sterling (GBP) Continues to Crumble as EU/UK Brexit Talks Hit a Roadblock GBP/USD is down nearly two cents in early turnover on a raft of negative Brexit trade talk.British Pound Outlook: No-Deal Brexit Fears to Undermine GBP/USD The politically-sensitive British Pound could be at risk of extended losses as a no-deal Brexit scenario becomes increasingly.Gold Prices Buoyed By Weaker Dollar, Challenging Key Chart Resistance 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.
How to Trade the Impact of Politics on Global Financial Markets In a slowing global economy, the threat of geopolitical risks destabilizing global growth are elevated and open the door to violent volatility – and trading.
US puts sanctions on 14 Chinese officials over Hong Kong crackdown â FT Read more on.Japan set to unveil $706 billion stimulus package â Bloomberg Read more on.Chile BCCH Interest Rate remains at 0.5% Read more on.
AUD/JPY Price Analysis: Bears look for entries below 77.00 consolidates around 104.00 as US yields drop Read more on.pPfizer may not be able to provide more of its vaccine to the US Read more on.Conflicting statments from Congressional leaders over progress towards deal Read more on.AUD/USD eases towards 0.7400 but bulls are not out of woods NASDAQ closes at record on mixed session Read more on.
Aave price is just a few dollars away from $100, while technicals spell trouble bulls need bears to step away at 0.7060 Read more on.EUR/GBP sees 100 pip reversal to 0.9140 highs and back as Brexit drama continues Read more on.Waves Price Analysis: WAVES rises to new all-time highs despite growing number of sell signals Read more on.Forex Today: Itâs all about Brexit Read more on.AUD/USD Forecast: Bulls keep adding at lower levels Forecast: Stuck around 104.00, bulls remain side-lined Forecast: Brexit talks reaching a zenith as thereâs no time left Read more on.EUR/USD Forecast: Holding tight ahead of first-tier events later this week bears turn up the heat at critical resistance Read more on.United States Consumer Credit Change below forecasts ($16B) in October: Actual ($7.23B) XAU/USD backs off from highs but still looking perky at $1860 Read more on.Cryptocurrencies Price Prediction: Bitcoin, Chainlink & Litecoin – American Wrap 07 Dec Read more on.
USD/CAD bottoms, 1.2800 intact, for now, focus is on 1.2850/1.2928 Read more on.UK PM Johnson: Conditions for finalising an agreement are not there Read more on.
Ireland’s Coveney: EU mood starting to shift towards no-deal planning Read more on.Filecoin price explodes over 15% as Coinbase announces upcoming listing Read more on.WH Adviser Kudlow: Odds are improving for a stimulus bill agreement Read more on.Litecoin price is stuck between two massive walls while on-chain metrics lean bearish Read more on.Brexit: Divisions over fisheries in negotiations have deepened â RTE Read more on.S&P 500 top movers: American Airlines Group Inc (AAL) climbs to highest level in nearly 6 months Read more on.
ANZ Australia Roy Morgan weekly consumer confidence 109.3 vs 107.5 Consumers feeling a bit better in the latest week Fresh high since March in this.
Forexlive Americas FX news wrap: Choppy day in the USD.GBP swings around on Brexit Forex news for North American trading on December 7, 2020 In other markets: – Spot gold moved for the away from the $1800 level on its way to a high of $1868.60.The pair is currently trading at $1865.25 up $26.39 or 1.44%.The low for the day reached $1822.51.
The economic calendar.US passed on opportunity to buy more Pfizer vaccine doses, may now have to wait until June Longer timeline for US vaccines hurts equity futures The US purchased enough of the Pfizer vaccine to protect 50 million Americans but declined to buy even more doses in June,.
Coming up in Asia-Pacific trading: Japanese stimulus details, Australian business confidence What’s on the economic calendar There were a few round-trip moves in New York trade but aside from some modest GBP selling and gold buying, we didn’t finish the day far from starting.
US consumer credit $7.228 billion vs.
$15.5 billion estimate US consumer credit for the month of October – consumer credit for October comes in at $7.228 billion vs.$15.5 billion estimate – prior month was revised lower to $15.03 billion from $16.21 billion previously reported Nonrevolving credit includes things like auto loans and school loans.Revolving.Joint statement from EU/UK.
No deal…yet.PM Johnson to go to Brussels for last ditch effort.Joint statement from EU/UK….The EU and UK have released a joint statement: PM Johnson will likely go to Brussels to meet with von der Leyen.The GBPUSD moved down to test the lower swing area between 1.3283 and 1.32912, and has bounced back to 1.3328.EU sources: There will not be a UK trade deal on Monday There will be no additional call between Johnson and von der Leyen EU sources are out saying: There will be a «short written statement» soon.
Meanwhile Ireland’s Foreign Minister.Ireland Coveney: No Brexit progress at all and last 2 days Irelands Coveney paints a dark picture on Brexit.Brexit: Divisions over fisheries in the Brexit negotiations have deepened According to Reuters news The GBPUSD has dipped a few pips toward.WH Kudlow: US economy is much stronger than last jobs report Washington Post interview – US economy is much stronger than last jobs report – Believes that there are threats to the V shape recovery with respect to.
Brexit rumblings on fisheries… According to Reuters – UK negotiators have proposed stripping the valuable out of the exit negotiations, and instead have those stocks dealt with through an informal forum bringing together countries such as Russia, Norway and.UK PM Johnson and European Commission president, Ursula von der Leyen taking a break Met for over an hour.
Reportedly taking a break from talks The meeting between UK’s Johnson and EU’s von der Leyen is apparently not over but in a break after discussions for over an hour.This is according to BBC’s.Wait…The stimulus proposal will not be announced by Sen.McConnell Fox’s Gasparino retracts is tweet/scoop Now says McConnell will only speak on relief.
McConnell to unveil $900 billion GOP stimulus around 3 PM According to Fox’s Gasparino According to Fox’s Charlie Gasparino, Sen.Mitch McConnell is to unveil a $900 billion GOP stimulus around 3.Merkel aims to close retail shops for a period after Christmas after Christmas Bild reports German Chancellor Angela Merkel is looking to close retail shops from December 27 until January 3.This according to Bild.
The case count in Germany remains near high.PM Johnson and European Commission president, Ursula von der Leyen call has ended Awaiting any comments The call between PM Johnson and European Commission president, Ursula von der Leyen has ended.The GBPUSD currently trades at 1.3358, dad about 83 pips or -0.62% on the.UK reports 14,718 Covid cases on December 7 Daily UK Covid statistics Typically the numbers on Monday or less as result of the weekend collection difficulties.Last Monday the number came in at 12,329.So this week’s case number is some 2400.Brexit: Joint committee discussions said to be progressing well Headlines according to Times reporter UK Minister Mordaunt meanwhile is quoted.US sanctions China officials for Hong Kong related actions China sanctions from the.
Mnuchin hosts G7 call with finance ministers and central bank governors US Treasury Secretary Mnuchin hosts call with G7 members during video conference.– Cited strong support on need to regulate digital currency’s – Discussed responses to Covid 19 pandemic This week, the Bank of Canada will meet on Wednesday along with the ECB on.
Ivey purchasing managers index for November 52.7 vs.54.7 estimate Ivey purchasing managers index for November 2020 – last month 54.5 – Ivey PMI index 52.7 vs.54.5 last month – 3 month average 53.8 vs.58.9 – employment 48.1 vs.56.1 last month A year ago the index stood at 60.0.In April the index dipped to the low at 22.8.
The high rebound level reached 68.5.BBC: We are not going to speculate on a last chance date, but ….some have Barnier thinking Wednesday The BBC Kayya Adler is tweeting on Brexit negotiation timetable.Here is her.Brexit headlines, Ivey PMI highlight events this morning Fed in the blackout period before the decision on December 16 The economic data calendar shows: The US treasury will auction off their typical 3 and six-month bills.Starting tomorrow, the treasury will start their auction notes and bonds for the week.
The schedule.ForexLive European FX news wrap: Sterling slides on Brexit stalemate Forex news from the European trading session – 7 December 2020 Headlines: Markets: – USD leads, GBP lags on the day – European equities lower; E-minis down.
UK Johnson spokesman: We are clearly and final stage is now.
Negotiations will not continue in 2021 UK PM Johnson spokesman speaks on Brexit UK PM Johnson spokesman.
Bitcoin trades below hourly moving averages Consolidation continues for the crypto currency.Looking at the hourly chart above, the crypto currency trades between trendline resistance and support levels (bull pennant?).The topside trend line cuts across at $19,348.
The lower trend line comes in.
Pound Cuts Some Losses as Johnson Heads to Brussels to Broker Brexit Deal No-deal Brexit? Little chance, say investment banks Sturdy dollar casts a shadow over emerging markets, BIS says Dollar Edges Higher as Rising Covid Cases Prompts Lockdowns Dollar mired near two-and-half year low, sterling eyes last-ditch Brexit talks Dollar Down Over Disappointing U.S.Jobs Data, U.S.Stimulus Hopes Related Posts.