Gold has slipped into consolidation mode around the midpoint of its descending channel from August. Shorter term traders can look to nearby technicals for influence as the fundamental case holds st.
The Dow Jones and Nasdaq 100 will look to key earnings from the likes of Apple, Tesla, Boeing and more while juggling a FOMC rate decision midweek. The DAX 30 awaits broader economic data.
Stocks pushed to new heights last week as they creep into overbought territory after more than two months of essentially continuous gains. Can they continue to push higher despite running hot?
FTSE 100 Forecast: Can the Bullish Break Out Continue Post-Brexit?
2021-01-06 21:10:00
Peter Hanks,
Strategist
FTSE 100 Price Outlook:
Subsequent resistance may reside at the 7,000 mark
That said, the FTSE 100 could fall prey to a case of the “buy the rumor, sell the news” effect
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FTSE 100 Forecast: Can the Bullish Break Out Continue Post-Brexit?
The FTSE 100 suffered due to Brexit uncertainty for months, but a recent deal may have opened the door to a longer-term recovery. The index has surged nearly 400 points (+5.4%) this week alone, suggesting there is still significant demand for the index even after the agreement was struck in late December. Can the FTSE 100 push higher still or will bullish sentiment recede?
US Dollar Price Outlook: EUR/USD Breaks Higher, Will The Rally Continue? 2020-12-17 17:15:00 Peter Hanks, Strategist
EUR/USD Price Outlook:
EUR/USD enjoyed a topside break out above the 1.2153 mark which opened the door for further gains
With the Federal Reserve committed to its program of bond-buying and low rates, USD weakness seems likely to persist
Further still, IG client sentiment reveals retail traders are overwhelmingly net-short EUR/USD, a hint the pair might continue to rally Advertisement
US Dollar Price Outlook: EUR/USD Breaks Higher, Will The Rally Continue?
The US Dollar has weakened since March and the recent Federal Open Market Committee meeting may have paved the way for a continued decline in the US Dollar Basket (DXY), despite a recovering global economy. Presented by Fed Chairman Jerome Powell himself, Fed officials found few reasons to curtail bond purchases or rais