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.
Kategorie-Archiv: Forecasts
Markets Week Ahead: Dow Jones, Nasdaq, Crude Oil, OPEC, GBP/USD, Brexit Talks
Rotation-trade dynamics was this past week’s focus as the Dow Jones outperformed the Nasdaq. Will this continue? Gold prices tumbled as crude oil gained ahead of an OPEC+ meeting. The British Pound…
Markets Week Ahead: Dow Jones, Nasdaq, Crude Oil, OPEC, GBP/USD, Brexit Talks
Rotation-trade dynamics was this past week’s focus as the Dow Jones outperformed the Nasdaq. Will this continue? Gold prices tumbled as crude oil gained ahead of an OPEC+ meeting. The British Pound…
Euro Forecast: EUR/USD May Extend Last Week's Losses
The falls in EUR/USD early last week came as a surprise to many analysts, but an extension of those declines this week would be no shock as easier Eurozone monetary policy comes closer.
Mexican Peso Fundamental Forecast: USD Claws Back Losses as a Reality Check Kicks In
After a week dominated by vaccine euphoria, USD/MXN looks for further guidance in economic data
Gold Price Forecast: XAU/USD May Remain Afloat Despite Covid Vaccine Hopes
Gold prices tumbled this past week as Covid-19 vaccine hopes sent real Treasury yields higher. But, rising coronavirus cases and US fiscal stimulus woes may keep XAU/USD afloat.
Australian Dollar Eyeing Yearly High Ahead of RBA Minutes, Jobs Data
The Australian Dollar is eyeing a push to fresh yearly highs on positive Covid-19 developments ahead of the RBA meeting minutes and employment data for October.
Crude Oil Forecast: JMMC, Lockdowns, Vaccine News in Focus
Crude oil price action remains mired by conflicting fundamental drivers like renewed COVID-19 lockdown measures and positive vaccine news, but outlook could stay constructive more broadly if OPEC c…
US Dollar Forecast: Covid Cases, Retail Sales May Keep DXY, Yen and Franc Afloat
The US Dollar gained this past week. Covid-induced safe-haven bids on the Yen and Franc look to keep the DXY Index trading near its current 93 handle.
GBP/USD Weekly Forecast: Sterling Eyes Final Stages of Brexit Negotiations
GBP eye another showdown between the UK and EU with time running out for a UK-EU trade deal.