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Forex Trading (Signals)http://www.blogger.com/profile/14616873289380255102noreply@blogger.comBlogger23125tag:blogger.com,1999:blog-1024056890766486128.post-17280758326874362522021-01-12T10:45:00.001+05:302021-01-12T10:45:10.701+05:30ASX 200, Nikkei 225 Outlook: Pressure from Rising Yields, Stronger USD<p style="text-align: justify;"> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhLeFVWocnIJcJTjMcHtHQ9AUAZX1Mxr25m6uQw-mqkZ2XjW26yCQUI6I3gIkCRGv_7-fUJfHNZ3DW4HevLk3-FUcxB2I-jtTANtRTLYcKkhSy2xPfwi-PloG26_8disS-mOGXL4pOMPVQA/s1296/forex+news.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="ASX 200, Nikkei 225 Outlook: Pressure from Rising Yields, Stronger USD" border="0" data-original-height="810" data-original-width="1296" height="250" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhLeFVWocnIJcJTjMcHtHQ9AUAZX1Mxr25m6uQw-mqkZ2XjW26yCQUI6I3gIkCRGv_7-fUJfHNZ3DW4HevLk3-FUcxB2I-jtTANtRTLYcKkhSy2xPfwi-PloG26_8disS-mOGXL4pOMPVQA/w400-h250/forex+news.jpg" title="ASX 200, Nikkei 225 Outlook: Pressure from Rising Yields, Stronger USD" width="400" /></a></div><br /><p></p><h2 class="article-subheader" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 1.3rem; line-height: 1.2; margin: 1rem 0px; text-align: justify; text-transform: uppercase;">DOW JONES, NIKKEI 225, ASX 200 INDEX OUTLOOK:</h2><ul class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin-bottom: 1rem; margin-top: 0px;"><li class="gsstx" style="box-sizing: border-box; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-size: 1rem; font-style: italic;"><a href="https://www.dailyfx.com/asx-200" style="background-color: transparent; box-sizing: border-box; color: #0081c2;" title="ASX 200">ASX 200</a>, <a href="https://www.dailyfx.com/nikkei-225" style="background-color: transparent; box-sizing: border-box; color: #0081c2;" title="Nikkei 225">Nikkei 225</a> indexes face a souring day as US stocks retreated from record highs</span></li><li class="gsstx" style="box-sizing: border-box; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-size: 1rem; font-style: italic;">10-year Treasury yield climbed to 1.15% on a rising inflation outlook, <a href="https://www.dailyfx.com/usd" style="background-color: transparent; box-sizing: border-box; color: #0081c2;" title="USD">USD</a> edged higher</span></li><li class="gsstx" style="box-sizing: border-box; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-size: 1rem; font-style: italic;">Stocks, commodities, EM currencies may struggle to sustain their recent rally, eyeing a pullback</span></li></ul><div><h2 class="article-subheader" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 1.3rem; line-height: 1.2; margin: 1rem 0px; text-align: justify; text-transform: uppercase;">DOW JONES, YIELDS, USD, COMMODITIES, BITCOIN, ASIA-PACIFIC AT OPEN:</h2><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box;">Asia-Pacific equities face a tough day ahead as US equities retreated alongside commodities prices in a wake of </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">rising longer-dated US Treasury yields</span><span class="gsstx" style="box-sizing: border-box;">. The </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">inflation outlook</span><span class="gsstx" style="box-sizing: border-box;"> appears to be buoyed by stimulus and reflation hopes after Democrats gained control of the Senate, raising the likelihood of further spending that aims to raise </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">demand and output</span><span class="gsstx" style="box-sizing: border-box;"> in the long term. Over last week, the 10-year US Treasury yield surged more than 20 bps to 1.147% – a significant move that rippled across the financial markets. The 20- and 30-year yields also climbed to 1.685% and 1.885% respectively.<span></span></span></p><a name='more'></a><p></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">Treasury bonds</span><span class="gsstx" style="box-sizing: border-box;"> are deemed “risk-free” as they are backed by the </span><span class="gsstx" style="box-sizing: border-box;">full faith and credit of the US government</span><span class="gsstx" style="box-sizing: border-box;">. Rising yields raise the </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">risk-free rate</span><span class="gsstx" style="box-sizing: border-box;"> and therefore the </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">required rate of return </span><span class="gsstx" style="box-sizing: border-box;">for holding equities, making stocks less appealing to investors as their </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">intrinsic value drops</span><span class="gsstx" style="box-sizing: border-box;"> when future income streams are discounted back at a higher required rate of return. Besides, higher real yields may also encourage capital to flow into Treasuries as their risk-adjusted return becomes more attractive. It is also a clear negative to </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">commodities</span><span class="gsstx" style="box-sizing: border-box;">, as the opportunity cost of holding them becomes higher.</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box;">The </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;"><a href="https://www.dailyfx.com/us-dollar-index" style="background-color: transparent; box-sizing: border-box; color: #0081c2;" title="DXY">DXY</a> US Dollar index</span><span class="gsstx" style="box-sizing: border-box;"> rebounded from a two-and-half year low to 90.50, exerting downward pressure on equities, commodities and EM currencies. The DXY and the <a href="https://www.dailyfx.com/sp-500" style="background-color: transparent; box-sizing: border-box; color: #0081c2;" title="S&P 500">S&P 500</a> index exhibited a negative relationship, showing a correlation coefficient of -0.86 over the past 12 months.</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiynxTvwm6SVQJXydMuV1a_V_GjoKn1DW7g0egk00nGaBavZtWmkdv4Iqo66uw8xOPyFAxB4Z0_1KOG-PlcSp-MMCaI-5afUN4gA0bTaNZcX6wFWOZ_C6hDB3JXy44TtLrktEVEEYbzoMof/s738/S%2526P+500+Index+vs.+DXY+US+Dollar+Index.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="S&P 500 Index vs. DXY US Dollar Index" border="0" data-original-height="424" data-original-width="738" height="230" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiynxTvwm6SVQJXydMuV1a_V_GjoKn1DW7g0egk00nGaBavZtWmkdv4Iqo66uw8xOPyFAxB4Z0_1KOG-PlcSp-MMCaI-5afUN4gA0bTaNZcX6wFWOZ_C6hDB3JXy44TtLrktEVEEYbzoMof/w400-h230/S%2526P+500+Index+vs.+DXY+US+Dollar+Index.PNG" title="S&P 500 Index vs. DXY US Dollar Index" width="400" /></a></div><p></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box;">Source: Bloomberg, DailyFX</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box;">In </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">Asia-Pacific</span><span class="gsstx" style="box-sizing: border-box;">, equity futures across Japan, mainland China, Hong Kong, Taiwan, Singapore and Malaysia are pointing to a lower start, albeit Australia’s ASX 200 index opened mildly higher. </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">Negative sentiment</span><span class="gsstx" style="box-sizing: border-box;"> from the US markets alongside a pause in the commodity rally may inhibit investors from taking excess risk at the moment and encourage profit-taking. </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;"><a href="https://www.dailyfx.com/bitcoin" style="background-color: transparent; box-sizing: border-box; color: #0081c2;" title="Bitcoin">Bitcoin</a></span><span class="gsstx" style="box-sizing: border-box;"> prices tumbled as much as 20% on Monday before bouncing 10% higher this morning.</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">Looking back</span><span class="gsstx" style="box-sizing: border-box;"> to Monday</span><span class="gsstx" style="box-sizing: border-box;">, 6 out of 9 <a href="https://www.dailyfx.com/dow-jones" style="background-color: transparent; box-sizing: border-box; color: #0081c2;" title="Dow Jones">Dow Jones</a> sectors ended higher, with 40% of the index’s constituents closing in the green on Monday. Materials (+1.12%), energy (+0.57%) and financials (+0.41%) were among the best performers, whereas information (-1.11%) and industrials (-0.85%) were trailing behind.</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">Dow Jones </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">Sector Performance 11-01-2021</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh7rwN7tpqS3FywJQbCfycNGuXS3jPRAkhf4BOE5eK75NURYByJliCRRYcVN4zAtWoM5eqW1Yy-gXtRR3ljW6BhhoY_WOCHBexRPohUEl3oH0dLVdwewhhHcU9wQJwCVKDCLYwNovO10RnZ/s442/Dow+Jones+Sector+Performance+11-01-2021.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Dow Jones Sector Performance 11-01-2021" border="0" data-original-height="219" data-original-width="442" height="199" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh7rwN7tpqS3FywJQbCfycNGuXS3jPRAkhf4BOE5eK75NURYByJliCRRYcVN4zAtWoM5eqW1Yy-gXtRR3ljW6BhhoY_WOCHBexRPohUEl3oH0dLVdwewhhHcU9wQJwCVKDCLYwNovO10RnZ/w400-h199/Dow+Jones+Sector+Performance+11-01-2021.PNG" title="Dow Jones Sector Performance 11-01-2021" width="400" /></a></div><div style="text-align: justify;"><br /></div><span class="gsstx" style="box-sizing: border-box;"><div style="text-align: justify;"><span style="font-weight: 700;"><br /></span></div></span><p></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box;">Source: Bloomberg, DailyFX</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px;"><span class="gsstx" style="box-sizing: border-box; font-weight: bold;"></span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">Dow Jones </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">Top 10 Stock Performance 11-01-2021</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjCF0Wn6_efpVFImGuZ37tFEpIlmkbhpOjZb2X0_TF06KqI2yVk3Dmx1fpFZC8o-ZmDkNfn1DeLs9fapHEVSurUXCraAExZMFMBk-ndcARzhozDkzdJJxDHfmyAh5KEljZdxKLwMvzmGaZK/s573/Dow+Jones+Top+10+Stock+Performance+11-01-2021.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Dow Jones Top 10 Stock Performance 11-01-2021" border="0" data-original-height="227" data-original-width="573" height="159" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjCF0Wn6_efpVFImGuZ37tFEpIlmkbhpOjZb2X0_TF06KqI2yVk3Dmx1fpFZC8o-ZmDkNfn1DeLs9fapHEVSurUXCraAExZMFMBk-ndcARzhozDkzdJJxDHfmyAh5KEljZdxKLwMvzmGaZK/w400-h159/Dow+Jones+Top+10+Stock+Performance+11-01-2021.PNG" title="Dow Jones Top 10 Stock Performance 11-01-2021" width="400" /></a></div><div style="text-align: justify;"><br /></div><span class="gsstx" style="box-sizing: border-box;"><div style="text-align: justify;"><span style="font-weight: 700;"><br /></span></div></span><p></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">Dow Jones Index Technical Analysis</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box;">The Dow Jones index</span><span class="gsstx" style="box-sizing: border-box;">is hitting the upper ceiling of “Ascending Channel” and may face some selling pressure here. Price broke above a key resistance level of 30,870 (the 100% Fibonacci extension) last week and thus has opened the door for further upside potential. The overall trend remains bullish-biased, although a minor pullback towards the 100% Fibonacci level is likely before attempting higher highs.</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px;"><span class="gsstx" style="box-sizing: border-box;"></span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">Dow Jones </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">Index </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">– </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">Daily</span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;"> Chart</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">Dow Jones Index Technical Analysis</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box;">The Dow Jones index</span><span class="gsstx" style="box-sizing: border-box;">is hitting the upper ceiling of “Ascending Channel” and may face some selling pressure here. Price broke above a key resistance level of 30,870 (the 100% Fibonacci extension) last week and thus has opened the door for further upside potential. The overall trend remains bullish-biased, although a minor pullback towards the 100% Fibonacci level is likely before attempting higher highs.</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px;"><span class="gsstx" style="box-sizing: border-box; font-weight: bold;"></span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px;"></p><div style="text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">Dow Jones </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">Index </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">– </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">Daily</span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;"> Chart</span></div><span class="gsstx" style="box-sizing: border-box; font-weight: bold;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhRAzUT7UI2Z96Sy_6SIdauL6Ycazt4E2IUuS9xKLm5AcWqDfVVUuS4T6a6Kz-0o5RBzGexLY4QJ0SKbmk13oFGgmbVJeOtdiA-K91y5n69PRQlUejpjcUsFM8syPfKrBsao-7fSqefLwZR/s769/Dow+Jones+Index+%25E2%2580%2593+Daily+Chart.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Dow Jones Index – Daily Chart" border="0" data-original-height="357" data-original-width="769" height="186" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhRAzUT7UI2Z96Sy_6SIdauL6Ycazt4E2IUuS9xKLm5AcWqDfVVUuS4T6a6Kz-0o5RBzGexLY4QJ0SKbmk13oFGgmbVJeOtdiA-K91y5n69PRQlUejpjcUsFM8syPfKrBsao-7fSqefLwZR/w400-h186/Dow+Jones+Index+%25E2%2580%2593+Daily+Chart.PNG" title="Dow Jones Index – Daily Chart" width="400" /></a></div></span><p></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">Nikkei 225 Index Technical Analysis:</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box;">The Nikkei 225 index has likely entered a technical correction as price recedes from recent high. The formation of a bearish “AB=CD” pattern points to further retracement towards an immediate support level of 28,000 and then 27,500. The overall trend remains bullish-biased as suggested by upward-sloped 20-, 50- and 100-Day Simple Moving Average (SMA) lines, albeit a technical pullback appears to be underway.</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px;"><span class="gsstx" style="box-sizing: border-box; font-weight: bold;"></span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">Nikkei 225 Index</span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;"> – </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">Daily</span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;"> Chart</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhrOPCrRJHCq2ef1d7kwo1ViYeJjCndBpxKIDOZRKAcF4lSqAlu-1uTtkr53X2kfkGc6S5yX34ufkm8zGdGcznrqp8rvWO3Xiy_b3_Xs2enOpEqd6moKdj_Mo8rvUuzWZ-lYOqlaFduK3hv/s757/Nikkei+225+Index+%25E2%2580%2593+Daily+Chart.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Nikkei 225 Index – Daily Chart" border="0" data-original-height="350" data-original-width="757" height="185" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhrOPCrRJHCq2ef1d7kwo1ViYeJjCndBpxKIDOZRKAcF4lSqAlu-1uTtkr53X2kfkGc6S5yX34ufkm8zGdGcznrqp8rvWO3Xiy_b3_Xs2enOpEqd6moKdj_Mo8rvUuzWZ-lYOqlaFduK3hv/w400-h185/Nikkei+225+Index+%25E2%2580%2593+Daily+Chart.PNG" title="Nikkei 225 Index – Daily Chart" width="400" /></a></div><p></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">ASX 200 Index Technical Analysis:</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box;">The ASX 200 index remains within its “Ascending Channel” as highlighted on the chart below, but upward momentum appears to be faltering as the MACD indicator trends lower. An immediate support level can be found at 6,630 – the 161.8% Fibonacci extension level. A firm break down below this level may open the door for further losses. An immediate resistance level can be found at 6,760 – the upper Bollinger band.</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box;"><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">ASX 200 Index </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">– Daily Chart</span></span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; margin: 0.75rem 0px;"><span class="gsstx" style="box-sizing: border-box;"></span></p><div class="separator" style="clear: both; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgBLq4RgTFNIx4BWXOAlPtWaySerAXmB35J_kLj4IxNCpg-iZfWQFpeneddiugP0Esh1REweY01vsKav0IYmHYiFWJyZloawpgVhzxqtH2hgfWGhi7oKJ_Qec9BUUAXo7sxq7SoEqmY4tV5/s703/ASX+200+Index+%25E2%2580%2593+Daily+Chart.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="ASX 200 Index – Daily Chart" border="0" data-original-height="351" data-original-width="703" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgBLq4RgTFNIx4BWXOAlPtWaySerAXmB35J_kLj4IxNCpg-iZfWQFpeneddiugP0Esh1REweY01vsKav0IYmHYiFWJyZloawpgVhzxqtH2hgfWGhi7oKJ_Qec9BUUAXo7sxq7SoEqmY4tV5/w400-h200/ASX+200+Index+%25E2%2580%2593+Daily+Chart.PNG" title="ASX 200 Index – Daily Chart" width="400" /></a></div><div style="text-align: justify;"><span style="font-family: Roboto, Arial, Helvetica, sans-serif;"><br /></span></div><span class="gsstx" style="box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-weight: 700;"><div style="text-align: justify;"><br /></div></span><p></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-weight: bold;"><br /></span></p></div>Forex Trading (Signals)http://www.blogger.com/profile/14616873289380255102noreply@blogger.com0tag:blogger.com,1999:blog-1024056890766486128.post-88851091340046037002021-01-06T11:38:00.001+05:302021-01-06T11:38:15.524+05:30Japanese Yen Price Outlook: AUD/JPY, CAD/JPY, NZD/JPY Levels to Watch<p style="text-align: justify;"> </p><h2 class="article-subheader" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 1.3rem; line-height: 1.2; margin: 1rem 0px; text-align: justify; text-transform: uppercase;">JAPANESE YEN, AUD/JPY, CAD/JPY, NZD/JPY – TALKING POINTS:</h2><ul class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin-bottom: 1rem; margin-top: 0px;"><li class="gsstx" style="box-sizing: border-box; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-style: italic;">Bearish RSI divergence hints at near-term pullback for <a href="https://www.dailyfx.com/aud-jpy" style="background-color: transparent; box-sizing: border-box; color: #0081c2;" title="AUD/JPY">AUD/JPY</a>.</span></li><li class="gsstx" style="box-sizing: border-box; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-style: italic;"><a href="https://www.dailyfx.com/cad-jpy" style="background-color: transparent; box-sizing: border-box; color: #0081c2;" title="CAD/JPY">CAD/JPY</a> rates challenging key long-term downtrend resistance.</span></li><li class="gsstx" style="box-sizing: border-box; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-style: italic;"><a href="https://www.dailyfx.com/nzd-jpy" style="background-color: transparent; box-sizing: border-box; color: #0081c2;" title="NZD/JPY">NZD/JPY</a> uptrend may be running out of steam.</span></li></ul><div><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box;">The <a href="https://www.dailyfx.com/jpy" style="background-color: transparent; box-sizing: border-box; color: #0081c2;" title="Japanese Yen">Japanese Yen</a> has lost a significant amount of ground against its major counterparts in recent months and is at risk of further losses, as the haven-associated currency hovers precariously above sentiment-defining support. Here are the key levels to watch for <a href="https://www.dailyfx.com/aud" style="background-color: transparent; box-sizing: border-box; color: #0081c2;" title="AUD">AUD</a>/JPY, <a href="https://www.dailyfx.com/cad" style="background-color: transparent; box-sizing: border-box; color: #0081c2;" title="CAD">CAD</a>/JPY and <a href="https://www.dailyfx.com/nzd" style="background-color: transparent; box-sizing: border-box; color: #0081c2;" title="NZD">NZD</a>/JPY rates in the weeks ahead.</span></p><h2 class="article-subheader" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 1.3rem; line-height: 1.2; margin: 1rem 0px; text-align: justify; text-transform: uppercase;">JAPANESE YEN INDEX** WEEKLY CHART – PERCHED PRECARIOUSLY ABOVE 200-MA</h2></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiPIjtgQQ2gkkXCDMpadHoMT-6mTp_zzBw06NhcHbCq-2nbTixzrIANMHyo2BLd5B3xuK68gNuzewxXBWk5IigAOIkCbK_DEzPI7c9KhdWCtjsp8PdDiEpNiEJTBsq01kyfpL_cEaIcUQBR/s693/JAPANESE+YEN+INDEX+WEEKLY+CHART+PERCHED+PRECARIOUSLY+ABOVE+200+MA..PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="JAPANESE YEN INDEX** WEEKLY CHART – PERCHED PRECARIOUSLY ABOVE 200-MA" border="0" data-original-height="384" data-original-width="693" height="221" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiPIjtgQQ2gkkXCDMpadHoMT-6mTp_zzBw06NhcHbCq-2nbTixzrIANMHyo2BLd5B3xuK68gNuzewxXBWk5IigAOIkCbK_DEzPI7c9KhdWCtjsp8PdDiEpNiEJTBsq01kyfpL_cEaIcUQBR/w400-h221/JAPANESE+YEN+INDEX+WEEKLY+CHART+PERCHED+PRECARIOUSLY+ABOVE+200+MA..PNG" title="JAPANESE YEN INDEX** WEEKLY CHART – PERCHED PRECARIOUSLY ABOVE 200-MA" width="400" /></a></div><span><a name='more'></a></span><div style="text-align: justify;"><br /></div><div><h2 class="article-subheader" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 1.3rem; line-height: 1.2; margin: 1rem 0px; text-align: justify; text-transform: uppercase;">AUD/JPY DAILY CHART – RSI DIVERGENCE HINTS AT SHORT-TERM PULLBACK</h2></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjJirsCClWJUrtwUnrvZVeNVXViiJJTtc5csZ3g_YC-7sqHRvmp2NucIzVyOOFcx5IWNWzaX91ADIhbHxfi_fWsqvqmK4SIBW1i48bq-deVSnAWYDY84OHBLNjNlbNHjWIoTgDZXP8uFW5n/s692/AUD+JPY+DAILY+CHART+RSI+DIVERGENCE+HINTS+AT+SHORT+TERM+PULLBACK.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="AUD/JPY DAILY CHART – RSI DIVERGENCE HINTS AT SHORT-TERM PULLBACK" border="0" data-original-height="381" data-original-width="692" height="220" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjJirsCClWJUrtwUnrvZVeNVXViiJJTtc5csZ3g_YC-7sqHRvmp2NucIzVyOOFcx5IWNWzaX91ADIhbHxfi_fWsqvqmK4SIBW1i48bq-deVSnAWYDY84OHBLNjNlbNHjWIoTgDZXP8uFW5n/w400-h220/AUD+JPY+DAILY+CHART+RSI+DIVERGENCE+HINTS+AT+SHORT+TERM+PULLBACK.PNG" title="AUD/JPY DAILY CHART – RSI DIVERGENCE HINTS AT SHORT-TERM PULLBACK" width="400" /></a></div><div style="text-align: justify;"><span style="background-color: white; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; font-style: italic;">AUD/JPY daily chart created using Tradingview</span></div><div class="separator" style="clear: both; text-align: center;"><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box;">Although the longer-term outlook for AUD/JPY remains skewed to the topside, bearish RSI divergence suggests that the recent push higher is running out of steam.</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box;">Failing to gain a firm foothold above the psychologically imposing 80.00 mark could result in a short term pullback towards confluent support at the 8-day EMA and 38.2% Fibonacci (79.17).</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box;">Hurdling that probably opens the door for a more extensive pullback and brings the August 2020 high (78.46) into the crosshairs.</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box;">Alternatively, a daily close above 80.00 could signal the resumption of the primary uptrend and precipitate a challenge of the 2019 high (80.72)</span></p><h2 class="article-subheader" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 1.3rem; line-height: 1.2; margin: 1rem 0px; text-align: justify; text-transform: uppercase;">CAD/JPY DAILY CHART – PROBING LONG-TERM TREND RESISTANCE</h2><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhnBJjK0KeKu0J-tgJ-G7FGWXN3cVsAiyHKwOnknDKQoKC0Ck3UCQK5dtsOTwYW2v0llzeEixYXNOgBaXkx4pksLyi_TZwxtLkgyVB3OsuiXs-qGC15vMbUb99AnXceCUXKWin332996mLB/s692/CAD+JPY+DAILY+CHART+PROBING+LONG+TERM+TREND+RESISTANCE.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="CAD/JPY daily chart created using Tradingview" border="0" data-original-height="381" data-original-width="692" height="220" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhnBJjK0KeKu0J-tgJ-G7FGWXN3cVsAiyHKwOnknDKQoKC0Ck3UCQK5dtsOTwYW2v0llzeEixYXNOgBaXkx4pksLyi_TZwxtLkgyVB3OsuiXs-qGC15vMbUb99AnXceCUXKWin332996mLB/w400-h220/CAD+JPY+DAILY+CHART+PROBING+LONG+TERM+TREND+RESISTANCE.PNG" title="CAD/JPY daily chart created using Tradingview" width="400" /></a></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><span style="background-color: white; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; font-style: italic;">CAD/JPY daily chart created using Tradingview</span></div><div><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box;">CAD/JPY could be at risk of further losses in the coming days, as prices continue to probe the downtrend extending from the 2014 highs.</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box;">However, bullish moving average stacking, in tandem with both the RSI and MACD indicator holding firmly above their respective neutral midpoints, suggests the path of least resistance is higher.</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box;">Ultimately, a daily close above range resistance at 80.95 – 81.10 is required to bring the August high (81.58) into play. Breaching that probably triggers an impulsive topside push towards the December 2020 high (82.12).</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box;">On the other hand, sliding back below the 21-day EMA (80.82) could allow sellers to regain control of the exchange rate and drive price back towards the trend-defining 50-MA (80.40).</span></p><h2 class="article-subheader" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 1.3rem; line-height: 1.2; margin: 1rem 0px; text-align: justify; text-transform: uppercase;">NZD/JPY DAILY CHART – UPTREND RUNNING OUT OF STEAM</h2></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhCF61YpTMOocyWlseerUEJ1ZZsc-K5r8ewuz7u1QNuiRt7a9lru3btDOD3HH8MTu0cZyTcRNr3peOemjrbLgD2J3LXmhJzWVbvXwZzob7OgClHZy3jdeT5veVaJgDq_KLi7z7qRxe6BXTV/s691/NZD+JPY+daily+chart+created+using+Tradingview.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="NZD/JPY daily chart created using Tradingview" border="0" data-original-height="378" data-original-width="691" height="219" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhCF61YpTMOocyWlseerUEJ1ZZsc-K5r8ewuz7u1QNuiRt7a9lru3btDOD3HH8MTu0cZyTcRNr3peOemjrbLgD2J3LXmhJzWVbvXwZzob7OgClHZy3jdeT5veVaJgDq_KLi7z7qRxe6BXTV/w400-h219/NZD+JPY+daily+chart+created+using+Tradingview.PNG" title="NZD/JPY daily chart created using Tradingview" width="400" /></a></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><span style="background-color: white; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; font-style: italic;">NZD/JPY daily chart created using Tradingview</span></div></div><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box;">NZD/JPY could also be at risk of a short-term pullback, as the RSI fails to confirm the recent push above resistance at the 50% Fibonacci (74.25).</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box;">That being said, with price tracking firmly above all six moving averages and a bullish crossover taking place on the MACD indicator, further gains are hardly out of the question.</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box;">A daily close above the December 2020 high (74.62) is probably needed to ignite a push to test the psychologically imposing 75.00 mark, with a break above carving a path to challenge the 61.8% Fibonacci (75.68).</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box;">On the contrary, failing to clamber over 74.50 could inspire a pullback towards the monthly low (73.80).</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">-- Written by Daniel Moss, Analyst for DailyFX</span></p><div style="text-align: justify;"><br /></div>Forex Trading (Signals)http://www.blogger.com/profile/14616873289380255102noreply@blogger.com1tag:blogger.com,1999:blog-1024056890766486128.post-5191306423978017942021-01-06T10:34:00.001+05:302021-01-06T10:34:40.440+05:30Dollar Up, Steadies as Investors Await Georgia Election Results<p style="text-align: justify;"> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj2fTTm9QbUMzl8sQZv8YwDjf59U9Xpp6oU4TBaAewvMCNQCgOhKxgehnWA66uqDzkvf5W_gVEmifUrV7NJWu0MbNp3pet5ujx7NtJE9ugzb26ckoB2U1-Y0f4l2qf1BTtxDHc4wEM-e26N/s800/Dollar+Forex+Market.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Dollar Up, Steadies as Investors Await Georgia Election Results" border="0" data-original-height="533" data-original-width="800" height="266" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj2fTTm9QbUMzl8sQZv8YwDjf59U9Xpp6oU4TBaAewvMCNQCgOhKxgehnWA66uqDzkvf5W_gVEmifUrV7NJWu0MbNp3pet5ujx7NtJE9ugzb26ckoB2U1-Y0f4l2qf1BTtxDHc4wEM-e26N/w400-h266/Dollar+Forex+Market.jpg" title="Dollar Up, Steadies as Investors Await Georgia Election Results" width="400" /></a></div><br /><p></p><p style="text-align: justify;"><span style="background-color: white; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px;">By Gina Lee</span></p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">Investing.com – The dollar was up on Wednesday morning in Asia, steadying as vote counting continues for a U.S. Senate runoff election in the state of Georgia and investors awaiting the results to determine market sentiment’s next move.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">The <span class="aqPopupWrapper js-hover-me-wrapper" style="border: 0px; font: inherit; margin: 0px; padding: 0px; position: relative;"><a class="aqlink js-hover-me" data-pairid="8827" hoverme="aql" href="https://www.investing.com/currencies/us-dollar-index" id="5ff5430cc536e" style="background-color: #f2f2f2; border: 0px; color: #1256a0; display: inline; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 1.2em; margin: 0px; outline: none; padding: 0px 1px; text-decoration-line: none; white-space: nowrap;">U.S. Dollar Index</a></span> that tracks the greenback against a basket of other currencies edged up 0.15% to 89.547 by 11:16 PM ET (4:16 AM GMT), briefly falling to a fresh ten-month low earlier in the session. </p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">The <span class="aqPopupWrapper js-hover-me-wrapper" style="border: 0px; font: inherit; margin: 0px; padding: 0px; position: relative;"><a class="aqlink js-hover-me" data-pairid="3" hoverme="aql" href="https://www.investing.com/currencies/usd-jpy" id="5ff5430cc553f" style="background-color: #f2f2f2; border: 0px; color: #1256a0; display: inline; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 1.2em; margin: 0px; outline: none; padding: 0px 1px; text-decoration-line: none; white-space: nowrap;">USD/JPY</a></span> pair inched up 0.09% to 102.81.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">The<span class="aqPopupWrapper js-hover-me-wrapper" style="border: 0px; font: inherit; margin: 0px; padding: 0px; position: relative;"><a class="aqlink js-hover-me" data-pairid="5" hoverme="aql" href="https://www.investing.com/currencies/aud-usd" id="5ff5430cc55f1" style="background-color: #f2f2f2; border: 0px; color: #1256a0; display: inline; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 1.2em; margin: 0px; outline: none; padding: 0px 1px; text-decoration-line: none; white-space: nowrap;">AUD/USD</a></span> pair inched down 0.05% to 0.7755 and the <span class="aqPopupWrapper js-hover-me-wrapper" style="border: 0px; font: inherit; margin: 0px; padding: 0px; position: relative;"><a class="aqlink js-hover-me" data-pairid="8" hoverme="aql" href="https://www.investing.com/currencies/nzd-usd" id="5ff5430cc569b" style="background-color: #f2f2f2; border: 0px; color: #1256a0; display: inline; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 1.2em; margin: 0px; outline: none; padding: 0px 1px; text-decoration-line: none; white-space: nowrap;">NZD/USD</a></span> pair inched down 0.01% to 0.7251.<span></span></p><a name='more'></a><p></p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">The <span class="aqPopupWrapper js-hover-me-wrapper" style="border: 0px; font: inherit; margin: 0px; padding: 0px; position: relative;"><a class="aqlink js-hover-me" data-pairid="2111" hoverme="aql" href="https://www.investing.com/currencies/usd-cny" id="5ff5430cc574b" style="background-color: #f2f2f2; border: 0px; color: #1256a0; display: inline; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 1.2em; margin: 0px; outline: none; padding: 0px 1px; text-decoration-line: none; white-space: nowrap;">USD/CNY</a></span> pair inched up 0.05% to 6.4583, with the yuan steadying in offshore trade. The Chinese currency rose to its highest since June 2018 on Tuesday in the wake of the People’s Bank of China lifted the midpoint of its trading band by 1%, the biggest one-day lift since China abandoned the yuan’s peg to the dollar in 2005.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">The rising yuan boosted Asian currencies, which in turn boosted China’s purchasing power for commodities and other imports. Investors also seized the opportunity to keep buying ahead as profit taking and some selling by major state-owned Chinese banks cooled the rally.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">On the data front, the <span class="aqPopupWrapper js-hover-me-wrapper" style="border: 0px; font: inherit; margin: 0px; padding: 0px; position: relative;"><a class="js-hover-me" data-eventid="596" hoverme="eel" href="https://www.investing.com/economic-calendar/caixin-services-pmi-596" id="5ff5430cc5930" style="border: 0px; color: #1256a0; font: inherit; margin: 0px; outline: none; padding: 0px; text-decoration-line: none;">Caixin services Purchasing Managers Index (PMI)</a></span> for December, released earlier in the day, read 56.3, which was lower than November’s 57.8 figure.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">The <span class="aqPopupWrapper js-hover-me-wrapper" style="border: 0px; font: inherit; margin: 0px; padding: 0px; position: relative;"><a class="aqlink js-hover-me" data-pairid="2" hoverme="aql" href="https://www.investing.com/currencies/gbp-usd" id="5ff5430cc57f0" style="background-color: #f2f2f2; border: 0px; color: #1256a0; display: inline; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 1.2em; margin: 0px; outline: none; padding: 0px 1px; text-decoration-line: none; white-space: nowrap;">GBP/USD</a></span> pair edged down 0.12% to 1.3608. The euro also saw a high of $1.2328, its strongest since April 2018, earlier in the session. It slipped back to $1.2281 as results from the Georgia election flow in.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">With around 78% of the expected vote in, Republican incumbents Kelly Loeffler and David Perdue led their Democrat rivals Raphael Warnock Jon Ossoff by a percentage point and 1.6 percentage points respectively.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">The winners of the two seats will determine which party controls the Senate, with a democrat victory smoothing the way for President-elect Joe Biden’s legislative agenda, which includes more stimulus measures. Results are due later in the day, but razor-thin margins could see a delay.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">“The market reaction to the outcome will probably be dictated by what it is assumed to mean for fiscal policy, rightly or wrongly,” said RBC Capital Markets currency strategist Adam Cole.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">“If the Democrats do manage to take both seats the assumption will be that Biden has more freedom to set policy and that likely means more fiscal easing,” he added, which would lift risk sentiment and weigh on the dollar.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">While potential tax hikes are “not particularly market-friendly”, the extra spending would be broadly bullish for commodities and emerging markets, OCBC Bank investment strategy executive director Vasu Menon told Reuters.</p>Forex Trading (Signals)http://www.blogger.com/profile/14616873289380255102noreply@blogger.com0tag:blogger.com,1999:blog-1024056890766486128.post-36474642492379995182021-01-04T13:27:00.001+05:302021-01-04T13:57:20.593+05:30Gold Price Analysis: XAU/USD eyes $1942 as the next upside target – Confluence Detector<p style="text-align: justify;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjOj7ZdhG2zJwaEEprNRpjGE2Bp0l3NhmZ-O4ZLJQg3qxu-gUUoTW8Kx30afjdTaLW8XIWzb-hdN0qmfrVKmrh7dw4D4S3A46iviBLgv0we0Y3du7lK_4sSwP5y3d45-dpHN1zDDLEeT5QW/s1280/906237-gold.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="Gold Price Analysis: XAU/USD eyes $1942 as the next upside target" border="0" data-original-height="720" data-original-width="1280" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjOj7ZdhG2zJwaEEprNRpjGE2Bp0l3NhmZ-O4ZLJQg3qxu-gUUoTW8Kx30afjdTaLW8XIWzb-hdN0qmfrVKmrh7dw4D4S3A46iviBLgv0we0Y3du7lK_4sSwP5y3d45-dpHN1zDDLEeT5QW/w400-h225/906237-gold.jpg" title="Gold Price Analysis: XAU/USD eyes $1942 as the next upside target" width="400" /></a></div><br /><span face="Roboto, sans-serif" style="background-color: white; color: #49494f; font-size: 19.2px;"><br /></span><p></p><p style="text-align: justify;"><span face="Roboto, sans-serif" style="background-color: white; color: #49494f; font-size: 19.2px;">Kicking-off 2021 on a positive note, gold (XAU/USD) is holding onto weekly highs well above $1900, as the beleaguered US dollar continues to lick its wounds from 2020. Concerns over the coronavirus contagion and the likely tightening of restrictions globally boost the safe-haven appeal of gold.</span></p><p style="background-color: white; box-sizing: border-box; color: #49494f; font-family: Roboto, sans-serif; font-size: 19.2px; margin: 0px 0px 0.88em; text-align: justify; text-rendering: optimizelegibility;">Further, gold also benefits from caution ahead of the runoff Senate elections in Georgia, as traders brace for choppy trading ahead of the key <a href="https://www.fxstreet.com/economic-calendar/united-states" style="-webkit-font-smoothing: antialiased; border: 0px; box-sizing: border-box; color: #e4871b; font-weight: 700; margin: 0px; padding: 0px; text-decoration-line: none; text-rendering: optimizelegibility; transition: all 0.25s ease-in 0s;">US</a> NFP release in the first full week of 2021. How is gold positioned on the charts? <span></span></p><a name='more'></a><p></p><h3 style="background-color: white; box-sizing: border-box; color: #49494f; font-family: Roboto, sans-serif; font-size: 19.2px; margin: 0px 0px 0.88em; text-align: justify; text-rendering: optimizelegibility;"><span style="color: #1b1c23; font-size: 1.68rem; letter-spacing: -0.02rem;">Gold Price Chart: Key resistances and supports</span></h3><p style="background-color: white; box-sizing: border-box; color: #49494f; font-family: Roboto, sans-serif; font-size: 19.2px; margin: 0px 0px 0.88em; text-align: justify; text-rendering: optimizelegibility;">The <a href="https://www.fxstreet.com/rates-charts/indicators" style="-webkit-font-smoothing: antialiased; border: 0px; box-sizing: border-box; color: #e4871b; font-weight: 700; margin: 0px; padding: 0px; text-decoration-line: none; text-rendering: optimizelegibility; transition: all 0.25s ease-in 0s;">Technical Confluences Indicator</a> shows that the path of least resistance is to the higher side, as XAU/USD has recaptured a minor resistance now support at $1922. That level is the pivot point one-week R2. </p><p style="background-color: white; box-sizing: border-box; color: #49494f; font-family: Roboto, sans-serif; font-size: 19.2px; margin: 0px 0px 0.88em; text-align: justify; text-rendering: optimizelegibility;">The bulls now eye the immediate barrier at $1926, which the previous high on four-hour.</p><p style="background-color: white; box-sizing: border-box; color: #49494f; font-family: Roboto, sans-serif; font-size: 19.2px; margin: 0px 0px 0.88em; text-align: justify; text-rendering: optimizelegibility;">Acceptance above the latter could trigger a quick rally towards $1942, the pivot point one-week R3.</p><p style="background-color: white; box-sizing: border-box; color: #49494f; font-family: Roboto, sans-serif; font-size: 19.2px; margin: 0px 0px 0.88em; text-align: justify; text-rendering: optimizelegibility;">The next strong hurdle is seen at $1948, where the pivot point one-month R1 lies.</p><p style="background-color: white; box-sizing: border-box; color: #49494f; font-family: Roboto, sans-serif; font-size: 19.2px; margin: 0px 0px 0.88em; text-align: justify; text-rendering: optimizelegibility;">On the flip side, a breach of the abovementioned cushion at $1922 could expose powerful support at $1911, where the previous low four-hour, pivot point one-week R1 and Bollinger Band one-day Upper coincide.</p><p style="background-color: white; box-sizing: border-box; color: #49494f; font-family: Roboto, sans-serif; font-size: 19.2px; margin: 0px 0px 0.88em; text-align: justify; text-rendering: optimizelegibility;">The next downside target awaits at the intersection of the SMA5 four-hour and previous month high at $1908.</p><p style="background-color: white; box-sizing: border-box; color: #49494f; font-family: Roboto, sans-serif; font-size: 19.2px; margin: 0px 0px 0.88em; text-align: justify; text-rendering: optimizelegibility;">A dense cluster of healthy support levels is aligned just above $1900, which is the convergence of the previous week high, Fibonacci 61.8% one-day and pivot point one-day R1.</p><h3 class="fxs_headline_medium" style="-webkit-font-smoothing: antialiased; background-color: white; box-sizing: border-box; color: #1b1c23; font-family: Roboto, sans-serif; font-size: 1.68rem; letter-spacing: -0.02rem; line-height: 2rem; margin: 0px 0px 0.33em; text-align: justify; text-rendering: optimizelegibility;">Here is how it looks on the tool</h3><div class="separator" style="clear: both; text-align: justify;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhtVsuTQgMZLTIGAY-nrmX2ojh4LUt7XK-Nu6TUbCP9kcQlnqJeDrrJdS67QGkgenOP1zvzWjHBzhgKQ-3O10OvrYHRO0AzGqVlz9Bf248cptgf2imwh9PFYBnHoK62Q7ZB-bABIcdQuRX9/s571/Gold+Price+Chart.PNG" style="margin-left: 1em; margin-right: 1em;"><img alt="Gold Price Analysis: XAU/USD" border="0" data-original-height="571" data-original-width="377" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhtVsuTQgMZLTIGAY-nrmX2ojh4LUt7XK-Nu6TUbCP9kcQlnqJeDrrJdS67QGkgenOP1zvzWjHBzhgKQ-3O10OvrYHRO0AzGqVlz9Bf248cptgf2imwh9PFYBnHoK62Q7ZB-bABIcdQuRX9/w264-h400/Gold+Price+Chart.PNG" title="Gold Price Analysis: XAU/USD" width="264" /></a></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><br /></div><div><h3 class="fxs_headline_medium" style="-webkit-font-smoothing: antialiased; background-color: white; box-sizing: border-box; color: #1b1c23; font-family: Roboto, sans-serif; font-size: 1.68rem; letter-spacing: -0.02rem; line-height: 2rem; margin: 0px 0px 0.33em; text-align: justify; text-rendering: optimizelegibility;">About Confluence Detector</h3><p style="background-color: white; box-sizing: border-box; color: #49494f; font-family: Roboto, sans-serif; font-size: 19.2px; margin: 0px 0px 0.88em; text-align: justify; text-rendering: optimizelegibility;">The TCI (Technical Confluences Indicator) is a tool to locate and point out those price levels where there is a <span style="-webkit-font-smoothing: antialiased; box-sizing: border-box; font-weight: 700; text-rendering: optimizelegibility;">congestion of indicators</span>, moving averages, Fibonacci levels, Pivot Points, etc. Knowing where these congestion points are located is very useful for the trader, and can be used as a basis for different strategies.</p></div>Forex Trading (Signals)http://www.blogger.com/profile/14616873289380255102noreply@blogger.com1tag:blogger.com,1999:blog-1024056890766486128.post-72543701496813926052021-01-04T12:57:00.005+05:302021-01-04T13:57:42.266+05:30USD/JPY struggles near multi-week lows, just below 103.00 mark<div style="text-align: justify;"><span face="Roboto, sans-serif" style="color: #49494f;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjMEH4owWPgYKYqDM42HcFnx5o5Fzt4FTmourFQrJOPtgM0JCqmyUWCnrLSG99WFP6KUn8I3EM-zdJIBroFdncMD4XryzYGKBijYTmrDvXWOfUjugXN170mtGtvHkpow0KM-ov2F66FBY-k/s2508/Forex+Market+The+Exchange+Business.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="USD/JPY struggles near multi-week lows, just below 103.00 mark" border="0" data-original-height="1254" data-original-width="2508" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjMEH4owWPgYKYqDM42HcFnx5o5Fzt4FTmourFQrJOPtgM0JCqmyUWCnrLSG99WFP6KUn8I3EM-zdJIBroFdncMD4XryzYGKBijYTmrDvXWOfUjugXN170mtGtvHkpow0KM-ov2F66FBY-k/w400-h200/Forex+Market+The+Exchange+Business.jpg" title="USD/JPY struggles near multi-week lows, just below 103.00 mark" width="400" /></a></div><br /><br /></span></div><ul style="background-color: white; box-sizing: border-box; color: #49494f; font-family: Roboto, sans-serif; text-rendering: optimizelegibility;"><li style="box-sizing: border-box; text-align: justify; text-rendering: optimizelegibility;"><span style="-webkit-font-smoothing: antialiased; box-sizing: border-box; font-weight: 700; text-rendering: optimizelegibility;">Sustained USD selling bias failed to assist USD/JPY to preserve its early modest gains.</span></li><li style="box-sizing: border-box; text-align: justify; text-rendering: optimizelegibility;"><span style="-webkit-font-smoothing: antialiased; box-sizing: border-box; font-weight: 700; text-rendering: optimizelegibility;">The risk-on mood undermined the safe-haven JPY and helped limit losses for the pair.</span></li><li style="box-sizing: border-box; text-align: justify; text-rendering: optimizelegibility;"><span style="-webkit-font-smoothing: antialiased; box-sizing: border-box; font-weight: 700; text-rendering: optimizelegibility;">The set-up favour of bearish traders and support prospects for further near-term losses.</span></li></ul><div><p style="background-color: white; box-sizing: border-box; color: #49494f; font-family: Roboto, sans-serif; margin: 0px 0px 0.88em; text-align: justify; text-rendering: optimizelegibility;">The USD/JPY pair languished near the lower end of its daily trading range, with bears awaiting some follow-through selling below the 103.00 mark.</p><p style="background-color: white; box-sizing: border-box; color: #49494f; font-family: Roboto, sans-serif; margin: 0px 0px 0.88em; text-align: justify; text-rendering: optimizelegibility;">The pair failed to capitalize on its Asian session uptick, instead met with some fresh supply near the 103.30 region and dropped to near three-week lows on the first trading day of 2021. The intraday pullback of around 30-35 pips was exclusively sponsored by the prevalent bearish sentiment surrounding the US dollar.</p><p style="background-color: white; box-sizing: border-box; color: #49494f; font-family: Roboto, sans-serif; margin: 0px 0px 0.88em; text-align: justify; text-rendering: optimizelegibility;">The likelihood of additional US financial aid package and expectations that the <a href="https://www.fxstreet.com/macroeconomics/central-banks/fed" style="-webkit-font-smoothing: antialiased; border: 0px; box-sizing: border-box; color: #e4871b; font-weight: 700; margin: 0px; padding: 0px; text-decoration-line: none; text-rendering: optimizelegibility; transition: all 0.25s ease-in 0s;">Fed</a> will keep interest rates lower for a longer period kept the USD depressed through the first half of the trading action on Monday. However, a combination of factors weighed on the Japanese yen and extended some support to the USD/JPY pair.<span></span></p><a name='more'></a><p></p><p style="background-color: white; box-sizing: border-box; margin: 0px 0px 0.88em; text-align: justify; text-rendering: optimizelegibility;"><span face="Roboto, sans-serif" style="color: #49494f;">Investors have been betting on a strong global economic recovery in 2021. This, along with the mass distribution of vaccines, helped offset worries about the new faster-spreading coronavirus strain and remained supportive of the risk-on environment. This was seen as a key factor undermining the safe-haven JPY.</span></p><p style="background-color: white; box-sizing: border-box; color: #49494f; font-family: Roboto, sans-serif; margin: 0px 0px 0.88em; text-align: justify; text-rendering: optimizelegibility;">Adding to this, a possible tightening COVID-19 restrictions in Tokyo further held traders from placing any aggressive bets and helped limit deeper losses for the USD/JPY pair, at least for now. That said, the near-term bias remains tilted in favour of bearish traders and supports prospects for further weakness.</p><p style="background-color: white; box-sizing: border-box; color: #49494f; font-family: Roboto, sans-serif; margin: 0px 0px 0.88em; text-align: justify; text-rendering: optimizelegibility;">Moving ahead, market participants now look forward to the release of final US <a href="https://www.fxstreet.com/economic-calendar/united-states" style="-webkit-font-smoothing: antialiased; border: 0px; box-sizing: border-box; color: #e4871b; font-weight: 700; margin: 0px; padding: 0px; text-decoration-line: none; text-rendering: optimizelegibility; transition: all 0.25s ease-in 0s;">Manufacturing PMI</a> print for a fresh impetus. Traders might further take cues from the USD price dynamics and developments surrounding the coronavirus saga, which might continue to play a dominant role in influencing the broader risk sentiment.</p><h2 class="fxs_headline_medium" style="-webkit-font-smoothing: antialiased; background-color: white; box-sizing: border-box; color: #1b1c23; font-family: Roboto, sans-serif; letter-spacing: -0.02rem; line-height: 2rem; margin: 0px 0px 0.33em; text-align: justify; text-rendering: optimizelegibility;"><span style="font-size: small;">Technical levels to watch</span></h2><div class="ktldata_cke fxs_bo_undefined_wrapper undefined" style="background-color: white; border: 0px; box-sizing: border-box; flex-wrap: wrap; margin: 0px; padding: 0px; text-rendering: optimizelegibility;"><section class="fxs_widget_summary" style="border: 0px; box-sizing: border-box; line-height: 1.38rem; margin: 0px 0px 1rem; overflow: hidden; padding: 0px; text-rendering: optimizelegibility; width: 640px;"><div class="fxs_widget_ktl_ck" style="border: 0px; box-sizing: border-box; line-height: 1.38rem; margin: 0px; padding: 0px; text-rendering: optimizelegibility;"><h3 class="fxs_subtitle" style="-webkit-font-smoothing: antialiased; border-bottom: 2px solid rgb(221, 222, 223); box-sizing: border-box; color: #49494f; font-family: Roboto, sans-serif; font-style: italic; margin: 0px 0px 1rem; text-align: justify; text-rendering: optimizelegibility; text-transform: uppercase;"><span style="font-size: small;">USD/JPY</span></h3><div class="separator" style="clear: both; color: #49494f; font-family: Roboto, sans-serif; text-align: justify;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiDaSWSAXKAJEA78iEcXUlRCIwDTrDK8Nw6bTycBaSSxg2o4QdR92qID8AUc9QwL9gJYcukyYI9XflxjJPt-FOY77yYLCeokaa0STrO3u0fupd0G_dla0ogRbcVlH-Hi-urt8EAXtTOtpcc/s635/AUD+USD+additional+levels.PNG" style="margin-left: 1em; margin-right: 1em;"><img alt="Technical levels to watch" border="0" data-original-height="539" data-original-width="635" height="340" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiDaSWSAXKAJEA78iEcXUlRCIwDTrDK8Nw6bTycBaSSxg2o4QdR92qID8AUc9QwL9gJYcukyYI9XflxjJPt-FOY77yYLCeokaa0STrO3u0fupd0G_dla0ogRbcVlH-Hi-urt8EAXtTOtpcc/w400-h340/AUD+USD+additional+levels.PNG" title="Technical levels to watch" width="400" /></a></div><div style="text-align: justify;"><span face="Roboto, sans-serif" style="color: #49494f;"><br /></span></div><div style="color: #49494f; font-family: Roboto, sans-serif; font-size: 19.2px; text-align: justify;"><br /></div></div></section></div></div>Forex Trading (Signals)http://www.blogger.com/profile/14616873289380255102noreply@blogger.com0tag:blogger.com,1999:blog-1024056890766486128.post-31142018880289166662021-01-04T10:37:00.003+05:302021-01-04T10:48:50.141+05:30ASX 200, Hang Seng Weekly Open: Rally May Pause as Pandemic Worsens<p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-size: 1rem; font-weight: bold;"><a href="https://www.dailyfx.com/sp-500" style="background-color: transparent; box-sizing: border-box; color: #0081c2;" title="S&P 500">S&P 500</a>, <a href="https://www.dailyfx.com/asx-200" style="background-color: transparent; box-sizing: border-box; color: #0081c2;" title="ASX">ASX</a>, 200, HANG SENG, ASIA-PACIFIC MARKET </span><span class="gsstx" style="box-sizing: border-box; font-size: 1rem; font-weight: bold;">OUTLOOK:</span></p><ul class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin-bottom: 1rem; margin-top: 0px;"><li class="gsstx" style="box-sizing: border-box; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-size: 1rem; font-style: italic;">US equity indices closed at all-time highs, but the rally may take a pause on virus concerns</span></li><li class="gsstx" style="box-sizing: border-box; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-size: 1rem; font-style: italic;">ASX 200, Hang Seng and S&P 500 futures are mixed in view of viral resurgence and lockdowns</span></li><li class="gsstx" style="box-sizing: border-box; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-size: 1rem; font-style: italic;">Stimulus money, speculation and return of traders propelled cryptocurrencies, <a href="https://www.dailyfx.com/bitcoin" style="background-color: transparent; box-sizing: border-box; color: #0081c2;" title="Bitcoin">Bitcoin</a> topped $33k</span></li></ul><p style="text-align: justify;"> <span class="gsstx" face="Roboto, Arial, Helvetica, sans-serif" style="box-sizing: border-box; font-size: 16px; font-weight: bold;">Pandemic, PMIs, Bitcoin, Asia-Pacific Stocks Weekly Outlook</span><span class="gsstx" face="Roboto, Arial, Helvetica, sans-serif" style="box-sizing: border-box; font-size: 16px; font-weight: bold;">:</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box;">Asia-Pacific markets may kick off the week with a </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">mixed</span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;"> tone</span><span class="gsstx" style="box-sizing: border-box;"> after all three major US indices finished the year at their record highs thanks to the Covid-19 vaccine </span><span class="gsstx" style="box-sizing: border-box;">rollout</span><span class="gsstx" style="box-sizing: border-box;">, the US stimulus package, as well as seemingly broad consensus that central banks will largely stay accommodative as the pandemic worsens.<span></span></span></p><a name='more'></a><p></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box;">Australia’s </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">ASX 200 index</span><span class="gsstx" style="box-sizing: border-box;"> is trading 0.7% higher after Sydney imposed new mandatory mask rules with a $200 fine in place from Monday to contain the spread of coronavirus. Fortescue Metals (+2.6%), Commonwealth Bank (+1.46%) and Wesfarmers (+1.31%) are among the top performers in the benchmark this morning.</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box;">Hong Kong’s </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">Hang Seng Index</span><span class="gsstx" style="box-sizing: border-box;"> may open flat after registering strong gains in the last week of 2020 alongside an astonishing rally in the Shanghai Composite. Both benchmarks have reached their highest levels since March 2020, led by the technology and financial sectors. Some large mainland </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">brokerage firms</span><span class="gsstx" style="box-sizing: border-box;"> have given strong buy calls on Chinese equities into 2021 and foresee continuous weakness in the <a href="https://www.dailyfx.com/us-dollar-index" style="background-color: transparent; box-sizing: border-box; color: #0081c2;" title="US Dollar">US Dollar</a> underpinning the Chinese Yuan and domestic assets.</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">Bitcoin</span><span class="gsstx" style="box-sizing: border-box;"> prices topped US$ 33,000 on Monday, </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">rising more than 90%</span><span class="gsstx" style="box-sizing: border-box;"> in three weeks. The relentless rally in cryptocurrencies reflects strong investor appetite for non-fiat assets in view of unprecedented monetary easing, a potential pick-up in inflation as well as ample liquidity environment. However, a rally at this pace and magnitude may not be sustainable and a </span><a class="gsstx" href="https://www.dailyfx.com/forex/market_alert/2021/01/04/Bitcoin-Ethereum-Outlook-Cryptos-Go-Parabolic-is-a-Correction-Due.html?ref-author=Yang" style="background-color: transparent; box-sizing: border-box; color: #0081c2;"><span class="gsstx" style="box-sizing: border-box;">technical pullback is possible</span></a><span class="gsstx" style="box-sizing: border-box;"> when profit-taking activity outweighs buying enthusiasm. The market cap for </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">Bitcoin</span><span class="gsstx" style="box-sizing: border-box;"> is standing at around US$ 610 billion, compared to roughly US$ 10 trillion that for </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;"><a href="https://www.dailyfx.com/gold-price" style="background-color: transparent; box-sizing: border-box; color: #0081c2;" title="gold">gold</a></span><span class="gsstx" style="box-sizing: border-box;">.</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">Pandemic, PMIs, Bitcoin, Asia-Pacific Stocks Weekly Outlook</span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">:</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box;">Asia-Pacific markets may kick off the week with a </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">mixed</span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;"> tone</span><span class="gsstx" style="box-sizing: border-box;"> after all three major US indices finished the year at their record highs thanks to the Covid-19 vaccine </span><span class="gsstx" style="box-sizing: border-box;">rollout</span><span class="gsstx" style="box-sizing: border-box;">, the US stimulus package, as well as seemingly broad consensus that central banks will largely stay accommodative as the pandemic worsens.</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box;">Australia’s </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">ASX 200 index</span><span class="gsstx" style="box-sizing: border-box;"> is trading 0.7% higher after Sydney imposed new mandatory mask rules with a $200 fine in place from Monday to contain the spread of coronavirus. Fortescue Metals (+2.6%), Commonwealth Bank (+1.46%) and Wesfarmers (+1.31%) are among the top performers in the benchmark this morning.</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box;">Hong Kong’s </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">Hang Seng Index</span><span class="gsstx" style="box-sizing: border-box;"> may open flat after registering strong gains in the last week of 2020 alongside an astonishing rally in the Shanghai Composite. Both benchmarks have reached their highest levels since March 2020, led by the technology and financial sectors. Some large mainland </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">brokerage firms</span><span class="gsstx" style="box-sizing: border-box;"> have given strong buy calls on Chinese equities into 2021 and foresee continuous weakness in the <a href="https://www.dailyfx.com/us-dollar-index" style="background-color: transparent; box-sizing: border-box; color: #0081c2;" title="US Dollar">US Dollar</a> underpinning the Chinese Yuan and domestic assets.</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px;"><span class="gsstx" style="box-sizing: border-box;"></span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box;">The US registered a record </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">291,384 </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">daily</span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">Covid-19 cases </span><span class="gsstx" style="box-sizing: border-box;">on January 2</span><span class="gsstx" style="box-sizing: border-box;">nd</span><span class="gsstx" style="box-sizing: border-box;"> (chart below). </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">Tokyo</span><span class="gsstx" style="box-sizing: border-box;"> may declare a state of emergency as a resurgence of infections strained the healthcare system, dragging the <a href="https://www.dailyfx.com/nikkei-225" style="background-color: transparent; box-sizing: border-box; color: #0081c2;" title="Nikkei 225">Nikkei 225</a> index lower on Monday. </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">China</span><span class="gsstx" style="box-sizing: border-box;"> reported a rising number of imported coronavirus cases lately and has further tightened border controls amid wave of return-home travelers as Lunar New Year holidays draw near.</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; margin: 0.75rem 0px;"></p><div class="separator" style="clear: both; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; text-align: justify;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjoFCQjaWuwHjehgyJHNN84CCSjc5jixaPhQv3d0iOtIMHXULBnh96oAaG_3g51Amdgf5-ZmU0W1ynRAvnoGGSGQ_pCj3RGZ87ZI1oKups1X9YBZCHrsJhhs2eQf-3HQQ8nCykTuQyYA-0C/s587/Daily+change.PNG" style="margin-left: 1em; margin-right: 1em;"><img alt="dailyCovid-19 cases" border="0" data-original-height="358" data-original-width="587" height="244" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjoFCQjaWuwHjehgyJHNN84CCSjc5jixaPhQv3d0iOtIMHXULBnh96oAaG_3g51Amdgf5-ZmU0W1ynRAvnoGGSGQ_pCj3RGZ87ZI1oKups1X9YBZCHrsJhhs2eQf-3HQQ8nCykTuQyYA-0C/w400-h244/Daily+change.PNG" title="dailyCovid-19 cases" width="400" /></a></div><div style="text-align: justify;"><span face="Roboto, Arial, Helvetica, sans-serif"><br /></span></div><span class="gsstx" face="Roboto, Arial, Helvetica, sans-serif" style="box-sizing: border-box;"><div style="text-align: justify;"><br /></div></span><p></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box;">Source: Google</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box;">Nonetheless, investors and traders appear to have largely looked past current viral situations and continue to price in a </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">post-Covid recovery</span><span class="gsstx" style="box-sizing: border-box;"> with the gradual rollout of vaccines, ample liquidity provided by central banks, and fiscal support. Stock market performance may continue to diverge from Main Street, extending last year’s exuberant rally for the time being.</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px;"><span class="gsstx" style="box-sizing: border-box;"></span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">Top 10 </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">S&P 500 Index Components </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">Daily Performance - </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">31</span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">-</span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">12-2020</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; margin: 0.75rem 0px;"></p><div class="separator" style="clear: both; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; text-align: justify;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjOKF85ET4E-EKiOyd9nEJc4rY8L8fXliR8roQ3NZkOxMS9MzyZkeiDiWvKyVu0kCdxIiNT1gZNpqAMJZcm2duF9SZPZtqJXw2DVNrPKL0KKUtl6psveKbLim3lkTIizNpmMXqd6yOhO480/s682/Top+10+stocks.PNG" style="margin-left: 1em; margin-right: 1em;"><img alt="Top 10 S&P 500 Index Components Daily Performance - 31-12-2020" border="0" data-original-height="210" data-original-width="682" height="124" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjOKF85ET4E-EKiOyd9nEJc4rY8L8fXliR8roQ3NZkOxMS9MzyZkeiDiWvKyVu0kCdxIiNT1gZNpqAMJZcm2duF9SZPZtqJXw2DVNrPKL0KKUtl6psveKbLim3lkTIizNpmMXqd6yOhO480/w400-h124/Top+10+stocks.PNG" title="Top 10 S&P 500 Index Components Daily Performance - 31-12-2020" width="400" /></a></div><div style="text-align: justify;"><span face="Roboto, Arial, Helvetica, sans-serif"><br /></span></div><span class="gsstx" face="Roboto, Arial, Helvetica, sans-serif" style="box-sizing: border-box; font-size: 16px; font-weight: bold;"><div style="text-align: justify;"><span style="font-weight: 400;">Source: Bloomberg, DailyFX</span></div></span><p></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-weight: bold;"><span class="gsstx" style="box-sizing: border-box; font-weight: 400;">Looking ahead, traders are facing a busy week in terms of macroeconomic data. A string of </span><span class="gsstx" style="box-sizing: border-box;">manufacturing PMI readings</span><span class="gsstx" style="box-sizing: border-box; font-weight: 400;"> for December, including China’s Caixin, will be released today. Markets anticipate a slower pace of expansion in global manufacturing sentiment after registering a strong recovery in the second half of 2020. Thursday’s release of </span><span class="gsstx" style="box-sizing: border-box;"><a href="https://www.dailyfx.com/fomc" style="background-color: transparent; box-sizing: border-box; color: #0081c2;" title="FOMC">FOMC</a> meeting minutes</span><span class="gsstx" style="box-sizing: border-box; font-weight: 400;"> and Friday’s </span><span class="gsstx" style="box-sizing: border-box;">nonfarm payroll</span><span class="gsstx" style="box-sizing: border-box; font-weight: 400;"> report are among the top events this week. Find out more on DailyFX </span><a class="gsstx" href="https://www.dailyfx.com/economic-calendar" style="box-sizing: border-box; color: #0081c2; font-weight: 400;"><span class="gsstx" style="box-sizing: border-box;">calendar</span></a><span class="gsstx" style="box-sizing: border-box; font-weight: 400;">:</span></span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; margin: 0.75rem 0px;"><span class="gsstx" style="box-sizing: border-box;"></span></p><div class="separator" style="clear: both; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; font-weight: bold; text-align: justify;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgxgjVm5LASaUxyzppEgwDrE6fIWy7zVosWttzAScuG0kLvFyNuhyphenhyphenaPhV23TcqwBDp-0NCpKixGHz6ZySrJpia1Dj3Z8rl_4fZnep4uvmexUDntObaW6WJalCi7oanbu8n7X_wsKCO0jOP2/s618/Mkt.PNG" style="margin-left: 1em; margin-right: 1em;"><img alt="manufacturing PMI readings" border="0" data-original-height="402" data-original-width="618" height="260" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgxgjVm5LASaUxyzppEgwDrE6fIWy7zVosWttzAScuG0kLvFyNuhyphenhyphenaPhV23TcqwBDp-0NCpKixGHz6ZySrJpia1Dj3Z8rl_4fZnep4uvmexUDntObaW6WJalCi7oanbu8n7X_wsKCO0jOP2/w400-h260/Mkt.PNG" title="manufacturing PMI readings" width="400" /></a></div><div style="text-align: justify;"><span face="Roboto, Arial, Helvetica, sans-serif" style="font-weight: 700;"><br /></span></div><span class="gsstx" face="Roboto, Arial, Helvetica, sans-serif" style="box-sizing: border-box; font-size: 16px; font-weight: 400;"><div style="text-align: justify;">Source: Bloomberg, DailyFX</div></span><p></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">S&P 500 </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">Index </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">Technical Analysis</span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">:</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">Technically</span><span class="gsstx" style="box-sizing: border-box;">, </span><span class="gsstx" style="box-sizing: border-box;">the S&P 500 index is edging higher within an “Ascending Channel” as highlighted in the chart below. The uptrend is well-supported by its 20-Day Simple Moving Average (SMA) line, although some minor pullbacks were observed. Immediate support and resistance levels can be found at 3,705 (50% Fibonacci extension) and 3,804 (61.8% Fibonacci extension) respectively.</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px;"><span class="gsstx" style="box-sizing: border-box; font-weight: bold;"><span class="gsstx" style="box-sizing: border-box; font-weight: 400;"></span></span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">S&P 500 Index</span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;"> – </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">Daily</span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;"> Chart</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px;"></p><div class="separator" style="clear: both; text-align: justify;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgVbIMp-nKUF4YUKKuCG2Ry31UQW7KWa96fasKs5f765KaL-Ji-7oQxbLcxd8rPSmS1-0Pbl-X_Oad4H59I7FFuETx7UkTNhXst5eoLVWWtgckNhQUV1Q9DZZP3HAKXWsnszCwOFyIYoe1R/s660/S%2526P+500+Index+%25E2%2580%2593+Daily+Chart.PNG" style="margin-left: 1em; margin-right: 1em;"><img alt="S&P 500 Index – Daily Chart" border="0" data-original-height="319" data-original-width="660" height="194" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgVbIMp-nKUF4YUKKuCG2Ry31UQW7KWa96fasKs5f765KaL-Ji-7oQxbLcxd8rPSmS1-0Pbl-X_Oad4H59I7FFuETx7UkTNhXst5eoLVWWtgckNhQUV1Q9DZZP3HAKXWsnszCwOFyIYoe1R/w400-h194/S%2526P+500+Index+%25E2%2580%2593+Daily+Chart.PNG" title="S&P 500 Index – Daily Chart" width="400" /></a></div><p></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">Hang Seng </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">Index </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">Technical Analysis</span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">:</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box;">The Hang Seng Index (HSI) has likely broken an “Descending Channel” (chart below) last week with strong upward momentum. The index is challenging a key resistance level at 27,270 – the 161.8% Fibonacci extension. Breaking this level may open the door for further upside potential with an eye on 28,050 – the 200% Fibonacci extension.</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">Hang Seng </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">Index </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">– </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">Daily</span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;"> Chart</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; margin: 0.75rem 0px;"></p><div class="separator" style="clear: both; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; text-align: justify;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgOpS6aB7kCD0DN1s0LIe5gq3qh76CiHbR6hLxbdSWe7uC1aSsfjaVszG8hRbE-R2Mg7eLv4cEcn_O-B-N2QfzjA5NsBfLrw_vTrL6yM84zZBbbHEkyUEY-PbW9_tJyZQqocytoPkdNPxJP/s659/Hang+Seng+Index+%25E2%2580%2593+Daily+Chart.PNG" style="margin-left: 1em; margin-right: 1em;"><img alt="Hang Seng Index – Daily Chart" border="0" data-original-height="314" data-original-width="659" height="190" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgOpS6aB7kCD0DN1s0LIe5gq3qh76CiHbR6hLxbdSWe7uC1aSsfjaVszG8hRbE-R2Mg7eLv4cEcn_O-B-N2QfzjA5NsBfLrw_vTrL6yM84zZBbbHEkyUEY-PbW9_tJyZQqocytoPkdNPxJP/w400-h190/Hang+Seng+Index+%25E2%2580%2593+Daily+Chart.PNG" title="Hang Seng Index – Daily Chart" width="400" /></a></div><div style="text-align: justify;"><span face="Roboto, Arial, Helvetica, sans-serif"><br /></span></div><span class="gsstx" face="Roboto, Arial, Helvetica, sans-serif" style="box-sizing: border-box; font-size: 16px; font-weight: bold;"><div style="text-align: justify;">--- Written by Margaret Yang, Strategist for DailyFX.com</div></span><p></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-weight: bold;"><br /></span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-weight: bold;"><br /></span></p>Forex Trading (Signals)http://www.blogger.com/profile/14616873289380255102noreply@blogger.com0tag:blogger.com,1999:blog-1024056890766486128.post-45847043698053567932020-12-31T11:58:00.002+05:302020-12-31T15:47:21.542+05:30Dollar on Borrowed Time as U.S. Twin Deficits Balloon<p style="text-align: justify;"><br /></p><p style="text-align: justify;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhPxJl7x3BMmjUcR9eoMKsPjRVLHi9YeozI7wbN-sBOUSchVa7w6FT9sHkDsQVugg-d7Vt0-AocnGMgi4ViitW0VVUQfc9fStpmOqSRGIF2zNNHLXNKyKjRoiHvZs8OoXCXVOtUt0SDQutV/s275/Forex+Market+Dollar.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="Dollar on borrowed time as U.S. twin deficits balloon" border="0" data-original-height="183" data-original-width="275" height="266" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhPxJl7x3BMmjUcR9eoMKsPjRVLHi9YeozI7wbN-sBOUSchVa7w6FT9sHkDsQVugg-d7Vt0-AocnGMgi4ViitW0VVUQfc9fStpmOqSRGIF2zNNHLXNKyKjRoiHvZs8OoXCXVOtUt0SDQutV/w400-h266/Forex+Market+Dollar.jpg" title="Dollar on borrowed time as U.S. twin deficits balloon" width="400" /></a></div><br /> <span face="Arial, Helvetica, "Nimbus Sans L", sans-serif" style="background-color: white; color: #333333; font-size: 17px;">By Wayne Cole</span><p></p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">SYDNEY (Reuters) - The dollar was ending 2020 in a downward spiral on Thursday with investors wagering a global economic recovery will suck money into riskier assets even as the U.S. has to borrow ever more to fund its swelling twin deficits.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">The euro stood at $1.2291, having hit its highest since April 2018 with a gain of almost 10% for the year. The next stops for the bull train are $1.2413 and $1.2476, on the way to the 2018 peak at $1.2555.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">The dollar was lying at 103.15 yen, but managed to hold above the December low of 102.86.<span></span></p><a name='more'></a><p></p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">It also fell against the <span class="aqPopupWrapper js-hover-me-wrapper" style="border: 0px; font: inherit; margin: 0px; padding: 0px; position: relative;"><a class="aqlink js-hover-me" data-pairid="2111" hoverme="aql" href="https://www.investing.com/currencies/usd-cny" id="5fed6d8d8282f" style="background-color: #f2f2f2; border: 0px; color: #1256a0; display: inline; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 1.2em; margin: 0px; outline: none; padding: 0px 1px; text-decoration-line: none; white-space: nowrap;">Chinese yuan</a></span>, breachingh 6.4900 for the first time since mid-2018, though Chinese banks were later reported to be buying dollars to limit the drop.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">Sterling held gains after lawmakers approved a post-Brexit trade deal with the European Union, stretching as far as $1.3641 a level unseen since May 2018.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">Against a basket of currencies the dollar had sunk to 89.643, having touched it lowest since April 2018. That left it down 7.2% on the year, and no less than 13% on the 102.99 peak hit during the market mayhem of mid-March.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">The next target is 89.277 and then 88.251, which was the absolute low in 2018.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">The prospect of a brighter 2021 has lessened the need for the safe-haven dollar, while burnishing the attraction of riskier assets especially in emerging markets.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">Bears have also resurrected the "twin deficits" excuse for shorting the dollar - that the explosion in the budget and trade deficits means more dollars being printed and moved abroad.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">From this perspective the new U.S. stimulus bill is dollar negative as it adds to the nation's debt, and President-elect Joe Biden is promising a lot more next year.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">The country is also haemorrhaging dollars on its trade account where the deficit on goods hit a record $84.8 billion in November as imports surged past pre-pandemic levels.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">Likewise, the current account deficit widened to a 12-year high in the third quarter and there was a large shortfall in net financial transactions as Americans borrowed more from abroad.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">In contrast, the European Union runs a huge current account surplus, largely thanks to Germany, so there is a natural inflow to euros through trade.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">"The U.S. dependence on foreign savings is increasing and at 3.4% of GDP, it is approaching a danger zone where it will become increasingly difficult to attract savings without further dollar weakness, or higher interest rates," said Alan Ruskin, global head of G10 FX at Deutsche, in a note.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 0px; overflow-wrap: break-word; padding: 0px;"></p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">"The deterioration in the 'twin deficits' will do nothing to improve USD sentiment, even if it does not as yet justify extreme USD undershooting either."</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjAK1iPStVerU9GSlkGG14MxRvNCJUyXk4iJvRctQWVJsxXba8Ih6tpe1VRM1xExqsW_VfirCQanJ3X84TkU6a5QYd-20KtERgYUO0ALYsGIXvjVpqobGInZq9WqV4Nr-F7UQFjjXyuTT4K/s699/WhatsApp+Image+2020-12-28+at+18.19.27.jpeg" style="margin-left: 1em; margin-right: 1em;"><img alt="forex signals free" border="0" data-original-height="527" data-original-width="699" height="301" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjAK1iPStVerU9GSlkGG14MxRvNCJUyXk4iJvRctQWVJsxXba8Ih6tpe1VRM1xExqsW_VfirCQanJ3X84TkU6a5QYd-20KtERgYUO0ALYsGIXvjVpqobGInZq9WqV4Nr-F7UQFjjXyuTT4K/w400-h301/WhatsApp+Image+2020-12-28+at+18.19.27.jpeg" title="forex signals free" width="400" /></a></div><br /><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;"><br /></p>Forex Trading (Signals)http://www.blogger.com/profile/14616873289380255102noreply@blogger.com1tag:blogger.com,1999:blog-1024056890766486128.post-74785188161840278922020-12-29T10:50:00.004+05:302020-12-31T16:16:36.874+05:30Euro Beats Yen, Sterling as Brexit, U.S. Stimulus Boost Risk Appetite<p style="text-align: justify;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEitBmeN5QmjNnliEZyVeV2ec1pAV54LE8wkiWS36l4IRQUVmVVVZSqwBdmDTgnxDl5W8mZkHvKT2Hxwq7Td2nzRIvwogpQjtF4hfEfYlQcMk47suHSmvAd2knvRocC7gJdxqIMyXuShuBH1/s800/Euro+Beats+Yen%252C+Sterling+as+Brexit%252C+U.S.+Stimulus+Boost+Risk+Appetite.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="Euro beats yen, sterling as Brexit, U.S. stimulus boost risk appetite" border="0" data-original-height="511" data-original-width="800" height="255" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEitBmeN5QmjNnliEZyVeV2ec1pAV54LE8wkiWS36l4IRQUVmVVVZSqwBdmDTgnxDl5W8mZkHvKT2Hxwq7Td2nzRIvwogpQjtF4hfEfYlQcMk47suHSmvAd2knvRocC7gJdxqIMyXuShuBH1/w400-h255/Euro+Beats+Yen%252C+Sterling+as+Brexit%252C+U.S.+Stimulus+Boost+Risk+Appetite.jpg" title="Euro beats yen, sterling as Brexit, U.S. stimulus boost risk appetite" width="400" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><br /></div><p style="text-align: justify;"><span face="Arial, Helvetica, "Nimbus Sans L", sans-serif" style="background-color: white; color: #333333; font-size: 17px;">By Karen Brettell</span></p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">NEW YORK (Reuters) -The euro was boosted on Monday as risk sentiment improved in the wake of Britain's trade deal with the European Union and U.S. President Donald Trump's decision to approve a new fiscal stimulus package.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">Britain on Thursday clinched a narrow Brexit trade deal with the EU, just seven days before it exits one of the world's biggest trading blocs in its most significant global shift since the loss of its empire.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">"What we are seeing is a continuation of the pricing out of hard Brexit risk," said Ulrich Leuchtmann, head of FX research at Commerzbank (DE:<span class="aqPopupWrapper js-hover-me-wrapper" style="border: 0px; font: inherit; margin: 0px; padding: 0px; position: relative;"><a class="aqlink js-hover-me" data-pairid="358" hoverme="aql" href="https://www.investing.com/equities/commerzbank-ag" id="5feabba9775f7" style="background-color: #f2f2f2; border: 0px; color: #1256a0; display: inline; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 1.2em; margin: 0px; outline: none; padding: 0px 1px; text-decoration-line: none; white-space: nowrap;">CBKG</a></span>) in Frankfurt.<span></span></p><a name='more'></a><p></p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">Risk sentiment also improved after Trump on Sunday signed into law a $2.3 trillion pandemic aid and spending package, restoring unemployment benefits to millions of Americans and averting a federal government shutdown.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">The euro gained 0.43% to 126.77 yen. It reached a seven-month high of 1.0892 against the Swiss franc, before falling back to 1.0858, up 0.04% on the day.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">The single currency was down 0.09% against the U.S. dollar at $1.2209.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">It gained 1.00% against sterling to 0.9077.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">Sterling has underperformed since the Brexit deal was reached, with traders saying the news was likely priced in.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">Also "I would argue that this is markets slowly but surely acknowledging that this is not an optimal deal for the UK," said Andreas Steno Larsen, global chief FX and rates strategist at Nordea in Copenhagen.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">"This is rather a very slim deal that merely avoids the cliff edge, but there are still large gaps that will have to be dealt with in 2021, and frictionless trade is not secured," Larsen said.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">The British pound dipped 0.66% against the U.S. dollar to $1.3447, and was holding below a two-and-a-half-year high of $1.3625 reached on Dec. 17.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;"><span class="aqPopupWrapper js-hover-me-wrapper" style="border: 0px; font: inherit; margin: 0px; padding: 0px; position: relative;"><a class="aqlink js-hover-me" data-pairid="1057391" hoverme="aql" href="https://www.investing.com/crypto/bitcoin" id="5feabba9777f5" style="background-color: #f2f2f2; border: 0px; color: #1256a0; display: inline; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 1.2em; margin: 0px; outline: none; padding: 0px 1px; text-decoration-line: none; white-space: nowrap;">Bitcoin</a></span> climbed 2.74% to $26,695 but was below a record high $28,378 reached on Sunday.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">"There is a lot of enthusiasm among (crypto) traders who truly believe in this asset class, and they know that the rally has only begun because we were only recovering losses for the past few years," Naeem Aslam, chief market analyst at AvaTrade, said in a report.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">The dollar gained 0.14% against a basket of currencies to 90.32.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">Investors are betting the dollar will continue to decline - it fell more than 6% this year - on expectations the Federal Reserve will hold interest rates near zero and the U.S. economy will struggle to recover from coronavirus-related shutdowns.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">Win Thin, global head of currency strategy at Brown Brothers Harriman, expects the <span class="aqPopupWrapper js-hover-me-wrapper" style="border: 0px; font: inherit; margin: 0px; padding: 0px; position: relative;"><a class="aqlink js-hover-me" data-pairid="8827" hoverme="aql" href="https://www.investing.com/currencies/us-dollar-index" id="5feabba9778b6" style="background-color: #f2f2f2; border: 0px; color: #1256a0; display: inline; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 1.2em; margin: 0px; outline: none; padding: 0px 1px; text-decoration-line: none; white-space: nowrap;">dollar index</a></span> to test its February 2018 low of 88.25. Then "what happens to the greenback after that will largely depend on how well the U.S. controls the virus in 2021 as well as the outlook for further fiscal stimulus," Thin said in a report.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">The dollar slipped 0.16% against the Canadian dollar to $1.2848.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">========================================================</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">Currency bid prices at 3:05PM (2005 GMT)</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">Previous Change</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">Session</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">Dollar index 90.3210 90.2010 +0.14% +0.00% +90.3800 +89.9780</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">Euro/Dollar $1.2209 $1.2220 -0.09% +8.90% +$1.2253 +$1.2179</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">Dollar/Yen 103.8450 103.6550 +0.16% -4.41% +103.8900 +103.4200</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">Euro/Yen 126.77 126.23 +0.43% +3.95% +126.9500 +126.0700</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">Dollar/Swiss 0.8895 0.8912 +0.01% -8.07% +0.8919 +0.8877</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">Sterling/Dollar $1.3447 $1.3570 -0.66% +1.37% +$1.3573 +$1.3429</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">Dollar/Canadian 1.2848 1.2868 -0.16% -1.09% +1.2875 +1.2814</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">Aussie/Dollar $0.7576 $0.7588 -0.34% +7.98% +$0.7622 +$0.7559</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">Euro/Swiss 1.0858 1.0854 +0.04% +0.06% +1.0892 +1.0851</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">Euro/Sterling 0.9077 0.8987 +1.00% +7.37% +0.9091 +0.8992</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">NZ $0.7101 $0.7099 -0.31% +5.53% +$0.7138 +$0.7085</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">Dollar/Dollar</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">Dollar/Norway 8.6465 8.6400 +0.14% -1.36% +8.6820 +8.5985</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">Euro/Norway 10.5584 10.4829 +0.72% +7.32% +10.6220 +10.5102</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">Dollar/Sweden 8.2813 8.2318 +0.54% -11.40% +8.2952 +8.2179</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">Euro/Sweden 10.1147 10.0604 +0.54% -3.39% +10.1245 +10.0567</p>Forex Trading (Signals)http://www.blogger.com/profile/14616873289380255102noreply@blogger.com0tag:blogger.com,1999:blog-1024056890766486128.post-10401841590704859552020-12-29T10:43:00.001+05:302020-12-29T10:43:13.917+05:30Dollar languishes amid pandemic aid optimism, pound meanders<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiloJMwvVvCHiL9nGxV66opl4AeNkZtcJ6LXL-91v9zNlNwKAn50m005VN9t-plj4eukI4AcEBwMVIifDGlnD0RVOBX9aUFH88YGzx-RNgvCuWoc25catEQ4kDQIMjU_jMKmVYopopjSuUG/s800/Dollar+languishes+amid+pandemic+aid+optimism%252C+pound+meanders.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Dollar languishes amid pandemic aid optimism, pound meanders" border="0" data-original-height="452" data-original-width="800" height="226" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiloJMwvVvCHiL9nGxV66opl4AeNkZtcJ6LXL-91v9zNlNwKAn50m005VN9t-plj4eukI4AcEBwMVIifDGlnD0RVOBX9aUFH88YGzx-RNgvCuWoc25catEQ4kDQIMjU_jMKmVYopopjSuUG/w400-h226/Dollar+languishes+amid+pandemic+aid+optimism%252C+pound+meanders.jpg" title="Dollar languishes amid pandemic aid optimism, pound meanders" width="400" /></a></div><br /><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">By Kevin Buckland</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">TOKYO (Reuters) - The dollar languished near a 2-1/2-year low on Tuesday with demand for safe-havens flagging as U.S. lawmakers pushed forward with a COVID-19 relief package.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">The House of Representatives voted on Monday to increase stimulus payments to qualified Americans to $2,000 from $600, sending the measure on to the Senate for a vote.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">Last week's Brexit agreement, while bare bones, also supported the outlook for global growth, lifting Asian stocks on Tuesday following Wall Street gains.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">"Optimism abounds, and it’s generally coming from equity markets," said Bart Wakabayashi, Tokyo Branch manager of <span itemscope="" itemtype="http://schema.org/Corporation" style="border: 0px; font: inherit; margin: 0px; padding: 0px;">State Street </span>(NYSE:<span class="aqPopupWrapper js-hover-me-wrapper" style="border: 0px; font: inherit; margin: 0px; padding: 0px; position: relative;"><a class="aqlink js-hover-me" data-pairid="7967" hoverme="aql" href="https://www.investing.com/equities/state-street" id="5feab7466a098" style="background-color: #f2f2f2; border: 0px; color: #1256a0; display: inline; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 1.2em; margin: 0px; outline: none; padding: 0px 1px; text-decoration-line: none; white-space: nowrap;">STT</a></span>) Bank and Trust.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">"The dollar is very heavy, and that will continue into next year."</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">The <span class="aqPopupWrapper js-hover-me-wrapper" style="border: 0px; font: inherit; margin: 0px; padding: 0px; position: relative;"><a class="aqlink js-hover-me" data-pairid="8827" hoverme="aql" href="https://www.investing.com/currencies/us-dollar-index" id="5feab7466a2be" style="background-color: #f2f2f2; border: 0px; color: #1256a0; display: inline; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 1.2em; margin: 0px; outline: none; padding: 0px 1px; text-decoration-line: none; white-space: nowrap;">dollar index</a></span> was little changed at 90.194 in holiday-thinned trading, hovering near the 89.723 level reached on Dec. 17 for the first time since April 2018.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">Short positions on the dollar swelled in the week ended Dec. 21 to $26.6 billion, the highest in three months, according to Reuters' calculations based on data released by the Commodity Futures Trading Commission on Monday.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">The euro rose 0.1% to $1.22260 early in the Asian session, hovering near the 2-1/2-year high of 1.22735 touched earlier this month.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">The dollar bought 103.740 yen, another haven asset.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">Sterling rose 0.1% to $1.3477 following a two-day decline. It was as high as $1.3625 this month, a level not seen since May 2018.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">Investors have taken profits in the UK currency following the confirmation last week of a Brexit trade deal that was widely expected.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">While the agreement came as a relief to investors, the pact leaves Britain far more detached from the EU, analysts say.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">"People are still trying to figure out what this Brexit agreement means," weighing on the pound, said State Street's Wakabayashi.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">"Nothing has really been agreed on financial markets, and that’s a big negative for the UK."</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 0px; overflow-wrap: break-word; padding: 0px;"></p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;"><span class="aqPopupWrapper js-hover-me-wrapper" style="border: 0px; font: inherit; margin: 0px; padding: 0px; position: relative;"><a class="aqlink js-hover-me" data-pairid="1057391" hoverme="aql" href="https://www.investing.com/crypto/bitcoin" id="5feab7466a374" style="background-color: #f2f2f2; border: 0px; color: #1256a0; display: inline; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 1.2em; margin: 0px; outline: none; padding: 0px 1px; text-decoration-line: none; white-space: nowrap;">Bitcoin</a></span> slipped 0.8% to $26,841, continuing its retreat from the all-time high of $28,377.94 set Sunday.</p>Forex Trading (Signals)http://www.blogger.com/profile/14616873289380255102noreply@blogger.com0tag:blogger.com,1999:blog-1024056890766486128.post-65995849436986142462020-12-29T10:35:00.000+05:302020-12-29T10:35:14.267+05:30Dollar Down Over Continued Progress in U.S. Stimulus Measures<p style="text-align: justify;"> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi0iYuhw6sRcCOIMiYrO6xXmFkYZ2aEVX-TnrpI9KO67iv-2YFiPG5Si7oWlJcekyAmRJUUmART7JWE3iBwyO4kq5WT8XyiWUq8s3hAsOpoCNHocNC1_zNKeYyno7i0xSqLfSkxFn0R9YCQ/s1540/Dollar+Down.jpeg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Dollar Down Over Continued Progress in U.S. Stimulus Measures" border="0" data-original-height="800" data-original-width="1540" height="208" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi0iYuhw6sRcCOIMiYrO6xXmFkYZ2aEVX-TnrpI9KO67iv-2YFiPG5Si7oWlJcekyAmRJUUmART7JWE3iBwyO4kq5WT8XyiWUq8s3hAsOpoCNHocNC1_zNKeYyno7i0xSqLfSkxFn0R9YCQ/w400-h208/Dollar+Down.jpeg" title="Dollar Down Over Continued Progress in U.S. Stimulus Measures" width="400" /></a></div><br /><p></p><p style="text-align: justify;"><span style="background-color: white; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px;">By Gina Lee</span></p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">Investing.com – The dollar was down on Tuesday morning in Asia, staying near two-and-a-half-year lows as progress on the latest U.S. stimulus measures increased risk appetite.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">The <span class="aqPopupWrapper js-hover-me-wrapper" style="border: 0px; font: inherit; margin: 0px; padding: 0px; position: relative;"><a class="aqlink js-hover-me" data-pairid="8827" hoverme="aql" href="https://www.investing.com/currencies/us-dollar-index" id="5feab658096e8" style="background-color: #f2f2f2; border: 0px; color: #1256a0; display: inline; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 1.2em; margin: 0px; outline: none; padding: 0px 1px; text-decoration-line: none; white-space: nowrap;">U.S. Dollar Index</a></span> that tracks the greenback against a basket of other currencies was down 0.24% to 90.058 by 11:28 PM ET (4:28 AM GMT). The dollar hovered near the 89.723 level reached on Dec. 17, a level last seen in April 2018.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">The House of Representatives voted to increase the amount of stimulus checks to qualified Americans from $600 to $1,200 on Monday, with the Senate preparing to vote on the increased amount.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">The post-Brexit trade deal reached between the European Union (EU) and the U.K. during the previous week also increased investors’ risk appetite. Although the agreement was lacking in detail, the improved outlook for global growth and economic recovery from COVID-19 saw gains in global shares.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">Some investors expected the dollar’s decline to continue.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">“Optimism abounds, and it’s generally coming from equity markets. The dollar is very heavy, and that will continue into next year,” <span itemscope="" itemtype="http://schema.org/Corporation" style="border: 0px; font: inherit; margin: 0px; padding: 0px;">State Street </span>(NYSE:<span class="aqPopupWrapper js-hover-me-wrapper" style="border: 0px; font: inherit; margin: 0px; padding: 0px; position: relative;"><a class="aqlink js-hover-me" data-pairid="7967" hoverme="aql" href="https://www.investing.com/equities/state-street" id="5feab658098bc" style="background-color: #f2f2f2; border: 0px; color: #1256a0; display: inline; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 1.2em; margin: 0px; outline: none; padding: 0px 1px; text-decoration-line: none; white-space: nowrap;">STT</a></span>) Bank and Trust Tokyo Branch manager Bart Wakabayashi told Reuters.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">The <span class="aqPopupWrapper js-hover-me-wrapper" style="border: 0px; font: inherit; margin: 0px; padding: 0px; position: relative;"><a class="aqlink js-hover-me" data-pairid="3" hoverme="aql" href="https://www.investing.com/currencies/usd-jpy" id="5feab65809981" style="background-color: #f2f2f2; border: 0px; color: #1256a0; display: inline; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 1.2em; margin: 0px; outline: none; padding: 0px 1px; text-decoration-line: none; white-space: nowrap;">USD/JPY</a></span> pair inched down 0.09% to 103.69.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">The <span class="aqPopupWrapper js-hover-me-wrapper" style="border: 0px; font: inherit; margin: 0px; padding: 0px; position: relative;"><a class="aqlink js-hover-me" data-pairid="5" hoverme="aql" href="https://www.investing.com/currencies/aud-usd" id="5feab65809a31" style="background-color: #f2f2f2; border: 0px; color: #1256a0; display: inline; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 1.2em; margin: 0px; outline: none; padding: 0px 1px; text-decoration-line: none; white-space: nowrap;">AUD/USD</a></span> pair was up x0.24% to 0.7595 and the <span class="aqPopupWrapper js-hover-me-wrapper" style="border: 0px; font: inherit; margin: 0px; padding: 0px; position: relative;"><a class="aqlink js-hover-me" data-pairid="8" hoverme="aql" href="https://www.investing.com/currencies/nzd-usd" id="5feab65809ae2" style="background-color: #f2f2f2; border: 0px; color: #1256a0; display: inline; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 1.2em; margin: 0px; outline: none; padding: 0px 1px; text-decoration-line: none; white-space: nowrap;">NZD/USD</a></span> pair gained 0.28% to 0.7118. Both Antipodean markets re-opened after a holiday on Monday.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">The <span class="aqPopupWrapper js-hover-me-wrapper" style="border: 0px; font: inherit; margin: 0px; padding: 0px; position: relative;"><a class="aqlink js-hover-me" data-pairid="2111" hoverme="aql" href="https://www.investing.com/currencies/usd-cny" id="5feab65809b8b" style="background-color: #f2f2f2; border: 0px; color: #1256a0; display: inline; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 1.2em; margin: 0px; outline: none; padding: 0px 1px; text-decoration-line: none; white-space: nowrap;">USD/CNY</a></span> pair inched down 0.04% to 6.5318.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">The <span class="aqPopupWrapper js-hover-me-wrapper" style="border: 0px; font: inherit; margin: 0px; padding: 0px; position: relative;"><a class="aqlink js-hover-me" data-pairid="2" hoverme="aql" href="https://www.investing.com/currencies/gbp-usd" id="5feab65809c33" style="background-color: #f2f2f2; border: 0px; color: #1256a0; display: inline; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 1.2em; margin: 0px; outline: none; padding: 0px 1px; text-decoration-line: none; white-space: nowrap;">GBP/USD</a></span> pair gained 0.30% to 1.3489. The pound reversed two days of decline, and even saw a high of $1.3625 earlier in the month, a level it has not reached since May 2018.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">Investors took profits in the U.K. currency as the Brexit deal, already widely expected, was confirmed just before the Christmas holidays.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">Although investors breathed a sigh of relief as the agreement came before the end-of-year deadline, there were arguments that the deal leaves the U.K. more detached from the EU.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">Investors are also still figuring out what the agreement means for the pound.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">“People are still trying to figure out what this Brexit agreement means,” weighing on the pound, said State Street’s Wakabayashi.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">The fact that the deal does not cover the financial markets is also a nagging concern.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">“Nothing has really been agreed on financial markets, and that’s a big negative for the U.K.,” Wakabayashi added.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">Meanwhile, the euro inched up 0.1% to $1.22260 earlier in the session, hovering near the two-and-a-half-year high of 1.22735 seen earlier in the month.</p>Forex Trading (Signals)http://www.blogger.com/profile/14616873289380255102noreply@blogger.com0tag:blogger.com,1999:blog-1024056890766486128.post-62432369783819695892020-12-28T15:26:00.000+05:302020-12-28T15:26:12.304+05:30Dollar Drifts Lower as Trump Signs Stimulus Bill<p style="text-align: justify;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhCiMVcSP3dHp85y-3xC027td3efTr1s0OgokyE0IoUH23a3l-nyh_-5C2Qcccux_T7Ay8ISEwEztiOiHzB3e4clo9gMTCLy7KyGmi8AdvG1TfzobIF4cSc597g_URGh5WXrTjrE0dOhjrV/s800/USDollars.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Dollar Drifts Lower as Trump Signs Stimulus Bill" border="0" data-original-height="533" data-original-width="800" height="266" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhCiMVcSP3dHp85y-3xC027td3efTr1s0OgokyE0IoUH23a3l-nyh_-5C2Qcccux_T7Ay8ISEwEztiOiHzB3e4clo9gMTCLy7KyGmi8AdvG1TfzobIF4cSc597g_URGh5WXrTjrE0dOhjrV/w400-h266/USDollars.jpg" title="Dollar Drifts Lower as Trump Signs Stimulus Bill" width="400" /></a></div><br /> <p></p><p style="text-align: justify;"><span style="background-color: white; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px;">By Geoffrey Smith </span></p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">Investing.com -- The dollar edged lower on Monday after President Donald Trump finally signed the government spending and corona-virus relief packages, after a bizarre intervention before the Christmas holiday in which he took issue with a number of spending proposals previously approved by his administration.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">By 4 AM ET (0900 GMT), the <span class="aqPopupWrapper js-hover-me-wrapper" style="border: 0px; font: inherit; margin: 0px; padding: 0px; position: relative;">dollar index</span>, which measures the greenback against a basket of advanced economy currencies, was down 0.3% at 89.953, only 0.3% above the two-year low that it posted earlier in December.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">In a holiday-thinned market, the signing of the bill removes a lingering source of uncertainty, encouraging the embrace of riskier assets, as people position for a global recovery in 2021.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">“Easy financial conditions, positive vaccine news and prospects of a big rebound in global trade growth has led to a benign environment for EM FX,” analysts at Nordea said in a weekly research note, highlighting the <span class="aqPopupWrapper js-hover-me-wrapper" style="border: 0px; font: inherit; margin: 0px; padding: 0px; position: relative;">Brazilian real</span>, <span class="aqPopupWrapper js-hover-me-wrapper" style="border: 0px; font: inherit; margin: 0px; padding: 0px; position: relative;">Mexican peso</span> and <span class="aqPopupWrapper js-hover-me-wrapper" style="border: 0px; font: inherit; margin: 0px; padding: 0px; position: relative;">South African rand</span> as particularly well placed to benefit from the rollout of anti-Covid-19 vaccines next year.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">Also supporting risk sentiment is the agreement between the EU and U.K. over their trading arrangements in the new year, which appears to have averted the threat of chaos at the border from January 1<sup style="border: 0px; font: inherit; margin: 0px; padding: 0px;">st</sup> (even though the closure of the Channel Tunnel before Christmas due to the latest Covid-19 scare was just as effective in disrupting trade).</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">However, <span class="aqPopupWrapper js-hover-me-wrapper" style="border: 0px; font: inherit; margin: 0px; padding: 0px; position: relative;">Sterling</span> is showing signs of flagging after an initial boost. By 5 AM ET, it was flat against the dollar at $1.3551, while it was down 0.3% against the <span class="aqPopupWrapper js-hover-me-wrapper" style="border: 0px; font: inherit; margin: 0px; padding: 0px; position: relative;">euro</span> at 1.1071. Over the weekend, it became apparent that many key questions on the details of the new arrangements remain unanswered, including – crucially for the U.K. economy – the level of access to the single market allowed to Britain’s financial services sector.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">"“We do not see this as any game-changer for markets," analysts at Toronto Dominion Securities said in a note to clients. "A deal was in the price and the specifics are unlikely to have any bearing on the direction of markets from here. While GBP is very cheap across many of our valuation models and much of the negotiation-linked uncertainty can fade, there is still significant economic underperformance and disruptions to follow early in 2021.”</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">The <span class="aqPopupWrapper js-hover-me-wrapper" style="border: 0px; font: inherit; margin: 0px; padding: 0px; position: relative;">EUR/USD</span> benefited more, rising 0.3% to $1.2237, within touching distance of its highest level since April 2018. It also rose 0.5% against the Swiss franc to a six-month high of 1.0885, another cross that pointed to a general drop in fear. The only currency in Europe stronger than the euro was the <span class="aqPopupWrapper js-hover-me-wrapper" style="border: 0px; font: inherit; margin: 0px; padding: 0px; position: relative;">Polish zloty</span>, which resumed its upward trend after a week in which the central bank intervened on the currency markets to stop it appreciating.</p>Forex Trading (Signals)http://www.blogger.com/profile/14616873289380255102noreply@blogger.com0tag:blogger.com,1999:blog-1024056890766486128.post-10911630007391262562020-12-28T10:28:00.002+05:302020-12-28T10:28:49.833+05:30Gold Price Analysis: XAU/USD eyes monthly top near $1,907 as Trump signs covid aid package – Confluence Detector<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhDHkAopca8nYPv1mT1rWFLFA9bp_QPAe4oJfYIxQgoaoB2AIc3r8cAS-dx8hyphenhyphen6_hyC0x8Jj8QEPsWJIcpz8M19a0gwPNkCVBj-6EJ5psaV7oPyTtZxVgR9-H-W-9m1b83x-OFIdQslOhjx/s830/Gold+Price+Analysis.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Gold Price Analysis" border="0" data-original-height="554" data-original-width="830" height="268" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhDHkAopca8nYPv1mT1rWFLFA9bp_QPAe4oJfYIxQgoaoB2AIc3r8cAS-dx8hyphenhyphen6_hyC0x8Jj8QEPsWJIcpz8M19a0gwPNkCVBj-6EJ5psaV7oPyTtZxVgR9-H-W-9m1b83x-OFIdQslOhjx/w400-h268/Gold+Price+Analysis.jpg" title="Gold Price Analysis" width="400" /></a></div><br /><p style="text-align: justify;"><br /></p><p style="text-align: justify;">Gold prices stay positive near a one-week high, currently up 0.80% while easing from the intraday high of $1,900.35 to $1,895, during early Monday. In doing so, the yellow metal extends the last Wednesday’s recovery moves from $1,859 toward the monthly top as the market’s sentiment improve on US President Donald Trump’s signing of the coronavirus (COVID-19) aid package.</p><p style="text-align: justify;">Following his initial rejection, Trump surprised global markets during the early Asian trading while signing the US covid aid package for $600 paycheck and an additional $300 weekly unemployment supplement, per the New York Times.</p><p style="text-align: justify;">Also supporting the market sentiment could be the extension of Brexit optimism and a lack of data/events amid the year-end holiday season.</p><p style="text-align: justify;">Gold: Key levels to watch</p><p style="text-align: justify;">Technically, the yellow metal’s ability to stay past 61.8% Fibonacci retracement on the monthly chart, around $1,889, propels the bulls to eye 100-SMA on one day (1D), near $1,898 offers as an immediate target ahead of the $1,900 round-figure.</p><p style="text-align: justify;">However, Pivot Point one-month (M1) Resistance 1, coupled with the monthly peak surrounding $1,907 lures the gold buyers for now while November’s top near $1,965 can lure the bullion buyers afterward.</p><p style="text-align: justify;">Meanwhile, a downside break of $1,889 level, resistance turned into support, can offer short-term support during the quote pullback moves.</p><p style="text-align: justify;"><br /></p><p style="text-align: justify;">During the commodity’s weakness past-$1,889, 5-SMA on four-hour (4H) near $1,884 and the previous week’s low near $1,855 could gain the market’s attention.</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjQljW1juzpqiBgW6A4Bqy5KMKSYkKugqvJ3BRdoBypFPCAkXcIpb1drbjB72pO15zCTAOgZOLIBU6rDQ2LCSsiLhahRAGobier1uF7SZzQEE2h8Ka7W_-nheoWcCK-nA0IR0tcYr_FGrv8/s613/XAU+USD.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="XAU USD" border="0" data-original-height="613" data-original-width="394" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjQljW1juzpqiBgW6A4Bqy5KMKSYkKugqvJ3BRdoBypFPCAkXcIpb1drbjB72pO15zCTAOgZOLIBU6rDQ2LCSsiLhahRAGobier1uF7SZzQEE2h8Ka7W_-nheoWcCK-nA0IR0tcYr_FGrv8/w258-h400/XAU+USD.PNG" title="XAU USD" width="258" /></a></div><br /><p style="text-align: justify;">About Confluence Detector</p><p style="text-align: justify;">The TCI (Technical Confluences Indicator) is a tool to locate and point out those price levels where there is a congestion of indicators, moving averages, Fibonacci levels, Pivot Points, etc. Knowing where these congestion points are located is very useful for the trader, and can be used as a basis for different strategies.</p><p style="text-align: justify;">Source: https://www.fxstreet.com/</p>Forex Trading (Signals)http://www.blogger.com/profile/14616873289380255102noreply@blogger.com0tag:blogger.com,1999:blog-1024056890766486128.post-63502365665037419272020-12-23T10:50:00.000+05:302020-12-23T10:50:15.095+05:30ASX 200, Nikkei 225 Open Higher as Nasdaq 100 Leads a Defensive Play<p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh9qazZCE_37E_dr6csP7S12ZtRu3kndRvrPb2LHtf4Et_dxIyjaipzau6wp6h9kzew_RxJygLS9VGqOGQMLoeAbnT9pQACbjFpj8Z_D5BvS82BtDTJTSqt8CwBkMNtnNsEW3Xjt4rAOwsB/s1000/NASDAQ+100%252C+NIKKEI+225%252C+ASX+200+INDEX+OUTLOOK.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="NASDAQ 100, NIKKEI 225, ASX 200 INDEX OUTLOOK" border="0" data-original-height="384" data-original-width="1000" height="154" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh9qazZCE_37E_dr6csP7S12ZtRu3kndRvrPb2LHtf4Et_dxIyjaipzau6wp6h9kzew_RxJygLS9VGqOGQMLoeAbnT9pQACbjFpj8Z_D5BvS82BtDTJTSqt8CwBkMNtnNsEW3Xjt4rAOwsB/w400-h154/NASDAQ+100%252C+NIKKEI+225%252C+ASX+200+INDEX+OUTLOOK.jpg" title="NASDAQ 100, NIKKEI 225, ASX 200 INDEX OUTLOOK" width="400" /></a></div><br /><p></p><h2 class="article-subheader" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 1.3rem; line-height: 1.2; margin: 1rem 0px; text-transform: uppercase;">NASDAQ 100, NIKKEI 225, ASX 200 INDEX OUTLOOK:</h2><div><ul class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin-bottom: 1rem; margin-top: 0px;"><li class="gsstx" style="box-sizing: border-box;"><span class="gsstx" style="box-sizing: border-box; font-size: 1rem; font-style: italic;">ASX 200, Nikkei 225 indexes opened mildly higher amid a relatively quiet pre-holiday trading</span></li><li class="gsstx" style="box-sizing: border-box;"><span class="gsstx" style="box-sizing: border-box; font-size: 1rem; font-style: italic;">US House and Senate have passed a giant spending bill of US$ 2.3 trillion, in line with expectations</span></li><li class="gsstx" style="box-sizing: border-box;"><span class="gsstx" style="box-sizing: border-box; font-size: 1rem; font-style: italic;">Falling industrial metal and crude oil prices flag the risk of softer demand as pandemic wave hits.</span></li></ul><div><h2 class="article-subheader" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 1.3rem; line-height: 1.2; margin: 1rem 0px; text-transform: uppercase;">MIXED US SESSION, FALLING METAL PRICES, STRONGER USD, ASIA-PACIFIC AT OPEN:</h2><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box;">A defensive session led by the tech sector may set a mixed tone for </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">Asia-Pacific markets</span><span class="gsstx" style="box-sizing: border-box;"> on Wednesday, with the </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">ASX 200 and Nikkei 225 index</span><span class="gsstx" style="box-sizing: border-box;"> opening mildly higher amid a relatively quiet holiday week. It is worth noting that the passing of a </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">US stimulus package</span><span class="gsstx" style="box-sizing: border-box;"> failed to inspire positive reactions among risk assets, as the </span><span class="gsstx" style="box-sizing: border-box;">expectations have </span><span class="gsstx" style="box-sizing: border-box;">largely been priced in over the past few weeks. Falling </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">industrial metals</span><span class="gsstx" style="box-sizing: border-box;"> and </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">crude oil</span><span class="gsstx" style="box-sizing: border-box;"> prices, alongside a rebound in the US Dollar, suggest that overall sentiment remains weak and there seems to be near-term demand for safety.</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px;"><span class="gsstx" style="box-sizing: border-box;">Concerns over a </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">new type of coronavirus strain</span><span class="gsstx" style="box-sizing: border-box;">, which is reportedly 70% more transmissible than the original, has weighed on the prospects for global economic recovery. The potential for wider spread may threaten further lockdown measures and travel bans between the UK and Europe in a time when both sides are trying to finalize a post-Brexit trade agreement. More than 40 countries have banned UK arrivals because of the new virus strain and further restrictions are likely if the situation worsens.</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px;"><span class="gsstx" style="box-sizing: border-box;">Tech outperformed cyclical sectors on Wall Street and this theme is likely to play out across Asia-Pacific markets as well. Investors weighed </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">stricter </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">lockdown measures</span><span class="gsstx" style="box-sizing: border-box;"> before the gradual rollout of vaccines helps to bring down the number of infections. The Dow Jones and S&P 500 fell 0.67% and 0.21% respectively whereas the </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">tech-led Nasdaq 100 gained 0.5</span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">1</span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">%.</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box;">The </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">rising US Dollar </span><span class="gsstx" style="box-sizing: border-box;">threatens stock markets’ astonishing rally</span><span class="gsstx" style="box-sizing: border-box;">, as the DXY US Dollar index has exhibited a strong negative correlation with the S&P 500 index over the past 12 months. More than 40% of the S&P 500 companies’ revenue comes from overseas markets, which infers that a stronger USD will translate into lower overseas income due to forex changes. Same for the emerging markets, which are sensitive to the strength of the US Dollar as it tends to influence capital flows.</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px;"><span class="gsstx" style="box-sizing: border-box;">For now, however, recent strengthening in the US Dollar appears more like a </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">technical rebound</span><span class="gsstx" style="box-sizing: border-box;"> driven by demand for safety. Profit-taking activity following the passing of the US stimulus package has probably played a part too.</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px;"><span style="font-weight: bold;">DXY US Dollar Index</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh6MmZyIrM39_OHffeZG_LLeCy460ut1iP9FoCHe4zlvLKFH4rJ2EBxzuj2Hk1UrhmoMx85mYjs9_p6QXqgEBiU79FbJGC6yskCPO6c7h1DmW1zT-ZzoFCxuNoFpb8A1Kf9_d0sR2lPLz53/s1148/DXY+US+Dollar+Index.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="DXY US Dollar Index" border="0" data-original-height="560" data-original-width="1148" height="195" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh6MmZyIrM39_OHffeZG_LLeCy460ut1iP9FoCHe4zlvLKFH4rJ2EBxzuj2Hk1UrhmoMx85mYjs9_p6QXqgEBiU79FbJGC6yskCPO6c7h1DmW1zT-ZzoFCxuNoFpb8A1Kf9_d0sR2lPLz53/w400-h195/DXY+US+Dollar+Index.PNG" title="DXY US Dollar Index" width="400" /></a></div><span class="gsstx" style="box-sizing: border-box;"><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px;"><span class="gsstx" style="box-sizing: border-box;"><br /></span></p><div style="text-align: justify;"><span class="gsstx" style="box-sizing: border-box;">On the macro front, </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">US existing home sales</span><span class="gsstx" style="box-sizing: border-box;"> figures came in at 6.69 million, or -2.5% MoM. This marks the first MoM decline observed since May 2020 as a result of soaring house prices and constrains in supply. The US economy expanded at annualized rate of 33.4% QoQ in the third quarter, slightly higher than baseline forecast of 33.1%. Today, the US Core PCE price index, durable goods orders and Michigan consumer sentiment index are among the top events to watch for. Read more on </span><span class="gsstx" style="box-sizing: border-box;">DailyFX calendar</span><span class="gsstx" style="box-sizing: border-box;">.</span></div></span><span style="font-weight: bold;"><br /></span><p></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px;"><a data-popup="true" href="https://a.c-dn.net/b/3faJP0/ASX-200-Nikkei-225-Open-Higher-as-Nasdaq-100-Leads-a-Defensive-Play-_body_Chart_6.png.full.png" style="-webkit-text-stroke-width: 0px; background-color: white; box-sizing: border-box; color: #0081c2; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: underline; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"></a></p><p class="gsstx" style="-webkit-text-stroke-width: 0px; background-color: white; box-sizing: border-box; color: black; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; margin: 0.75rem 0px; orphans: 2; text-align: left; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"><span class="gsstx" style="box-sizing: border-box; font-size: 16px; font-weight: bold;"><br /></span></p><p class="gsstx" style="-webkit-text-stroke-width: 0px; background-color: white; box-sizing: border-box; color: black; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; margin: 0.75rem 0px; orphans: 2; text-align: left; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"><span class="gsstx" style="box-sizing: border-box; font-size: 16px; font-weight: bold;">US Existing Home Sales MoM (November)</span></p><p class="gsstx" style="-webkit-text-stroke-width: 0px; background-color: white; box-sizing: border-box; color: black; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; margin: 0.75rem 0px; orphans: 2; text-align: left; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhC4eAYHI-6SYcRdVZUb1_KUf5dea1aPXL3U3VmnaNeWV4rkBjUOoAFd5_MvhJYPtsUakuIzgc8kpF4PJ9zOA7wRfDAAzXtRjkiQsiA6s31aBpAsMroGoGCZWMSxohOAeka-TdajFeNZ4SO/s821/US+Existing+Home+Sales+MoM+%2528November%2529.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="US Existing Home Sales MoM (November)" border="0" data-original-height="560" data-original-width="821" height="272" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhC4eAYHI-6SYcRdVZUb1_KUf5dea1aPXL3U3VmnaNeWV4rkBjUOoAFd5_MvhJYPtsUakuIzgc8kpF4PJ9zOA7wRfDAAzXtRjkiQsiA6s31aBpAsMroGoGCZWMSxohOAeka-TdajFeNZ4SO/w400-h272/US+Existing+Home+Sales+MoM+%2528November%2529.PNG" title="US Existing Home Sales MoM (November)" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><p></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px;"><span class="gsstx" style="box-sizing: border-box;">Source: Bloomberg, DailyFX</span></p><div><span class="gsstx" style="box-sizing: border-box;"><span class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; font-weight: bold;">Sector-wise</span><span class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px;">, 9 out of 11 S&P 500 sectors ended lower, with 65.5% of the index’s constituents closing in the red on Tuesday. Energy (-1.74%), communication services (-0.99%) and financials (-0.96%) were among the laggards, while information technology (+0.86%) and real estate (+0.61%) outperformed.</span></span></div><div><span class="gsstx" style="box-sizing: border-box;"><span class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px;"><p class="gsstx" style="box-sizing: border-box; margin: 0.75rem 0px;"><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">S&P 500 </span><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">Sector Performance 22-12-2020</span></p><p class="gsstx" style="box-sizing: border-box; margin: 0.75rem 0px;"></p><div class="separator" style="clear: both; text-align: center;"><br /></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgCWsMKOl9mt88lZBVPzRR0RRdDCWJbVOid7l3Jkw5BT57yoaNtJC9jC-oze3RtOozGxJx_Wb9FpWOSjIIa-ux-JLa2OqzcWTm-HhJT5yRGWpMh4WFr6_JVPXJ-eBqy4jUm5QQTcm-gZI3g/s624/S%2526P+500+Sector+Performance+22-12-2020.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="S&P 500 Sector Performance 22-12-2020" border="0" data-original-height="378" data-original-width="624" height="243" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgCWsMKOl9mt88lZBVPzRR0RRdDCWJbVOid7l3Jkw5BT57yoaNtJC9jC-oze3RtOozGxJx_Wb9FpWOSjIIa-ux-JLa2OqzcWTm-HhJT5yRGWpMh4WFr6_JVPXJ-eBqy4jUm5QQTcm-gZI3g/w400-h243/S%2526P+500+Sector+Performance+22-12-2020.PNG" title="S&P 500 Sector Performance 22-12-2020" width="400" /></a></div><p></p><p class="gsstx" style="box-sizing: border-box; margin: 0.75rem 0px;"><span class="gsstx" style="box-sizing: border-box;">Source: Bloomberg, DailyFX</span></p><p class="gsstx" style="box-sizing: border-box; margin: 0.75rem 0px;"><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">Nasdaq 100 Index Technical Analysis</span></p><p class="gsstx" style="box-sizing: border-box; margin: 0.75rem 0px;"><span class="gsstx" style="box-sizing: border-box;"></span></p><p class="gsstx" style="box-sizing: border-box; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box;">The </span><span class="gsstx" style="box-sizing: border-box;">Nasdaq 100</span><span class="gsstx" style="box-sizing: border-box;"> index </span><span class="gsstx" style="box-sizing: border-box;">is trending up within the “Ascending Channel” formed since early November, forming higher highs. The overall trend remains bullish-biased, as suggested by upward-sloped 20-, 50- and 100-Day Simple Moving Average (SMA) lines. Its upward momentum, however, appears to be faltering as the MACD indicator trends lower after the formation of a “Death Cross” in early December. Immediate support and resistance levels can be found at 12,530 and 12,790 respectively.</span></p><p class="gsstx" style="box-sizing: border-box; margin: 0.75rem 0px;"><span class="gsstx" style="box-sizing: border-box;"><a data-popup="true" href="https://a.c-dn.net/b/1iTAom/ASX-200-Nikkei-225-Open-Higher-as-Nasdaq-100-Leads-a-Defensive-Play-_body_Picture_4.png.full.png" style="-webkit-text-stroke-width: 0px; background-color: white; box-sizing: border-box; color: #0081c2; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: underline; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"></a></span></p><p class="gsstx" style="-webkit-text-stroke-width: 0px; background-color: white; box-sizing: border-box; color: black; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; margin: 0.75rem 0px; orphans: 2; text-align: left; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"><span class="gsstx" style="box-sizing: border-box; font-size: 16px; font-weight: bold;">Nasdaq 100<span> </span></span><span class="gsstx" style="box-sizing: border-box; font-size: 16px; font-weight: bold;">Index<span> </span></span><span class="gsstx" style="box-sizing: border-box; font-size: 16px; font-weight: bold;">–<span> </span></span><span class="gsstx" style="box-sizing: border-box; font-size: 16px; font-weight: bold;">Daily</span><span class="gsstx" style="box-sizing: border-box; font-size: 16px; font-weight: bold;"><span> </span>Chart</span></p><p class="gsstx" style="-webkit-text-stroke-width: 0px; background-color: white; box-sizing: border-box; color: black; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; margin: 0.75rem 0px; orphans: 2; text-align: left; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgIwpRwxSnfHXeCiiNO-GSP90UgXIaBuvR9fFRu-nxa13bwRGizIe3EY_WPPAS5L5Vl8S1tVTHxRpBFHuApQpwgZ0OF5-PtGUddyh7tSGzRtEGhyQEN_KzTW-ZRAklnio9R6lvTN1fpDfMN/s1147/Nasdaq+100+Index+%25E2%2580%2593+Daily+Chart.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Nasdaq 100 Index – Daily Chart" border="0" data-original-height="558" data-original-width="1147" height="195" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgIwpRwxSnfHXeCiiNO-GSP90UgXIaBuvR9fFRu-nxa13bwRGizIe3EY_WPPAS5L5Vl8S1tVTHxRpBFHuApQpwgZ0OF5-PtGUddyh7tSGzRtEGhyQEN_KzTW-ZRAklnio9R6lvTN1fpDfMN/w400-h195/Nasdaq+100+Index+%25E2%2580%2593+Daily+Chart.PNG" title="Nasdaq 100 Index – Daily Chart" width="400" /></a></div><p class="gsstx" style="-webkit-text-stroke-width: 0px; background-color: white; box-sizing: border-box; color: black; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; margin: 0.75rem 0px; orphans: 2; text-align: left; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"><br /></p><p></p><p class="gsstx" style="box-sizing: border-box; margin: 0.75rem 0px;"><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">Nikkei 225 Index Technical Analysis:</span></p><p class="gsstx" style="box-sizing: border-box; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-weight: bold;"><span style="font-weight: 400;">The Nikkei 225 index has been trading in a “range-bound” condition since early December as highlighted in red color below. Immediate support and resistance levels can be found at 26,350 and 27,000 respectively. Breaking this support may open the door for further losses with an eye on 26,000 for support.</span></span></p><p class="gsstx" style="box-sizing: border-box; margin: 0.75rem 0px;"><span class="gsstx" style="box-sizing: border-box; font-weight: bold;"><a data-popup="true" href="https://a.c-dn.net/b/2GVULa/ASX-200-Nikkei-225-Open-Higher-as-Nasdaq-100-Leads-a-Defensive-Play-_body_Picture_14.png.full.png" style="-webkit-text-stroke-width: 0px; background-color: white; box-sizing: border-box; color: #0081c2; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: underline; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"></a></span></p><p class="gsstx" style="-webkit-text-stroke-width: 0px; background-color: white; box-sizing: border-box; color: black; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; margin: 0.75rem 0px; orphans: 2; text-align: left; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"><span class="gsstx" style="box-sizing: border-box; font-size: 16px; font-weight: bold;">Nikkei 225 Index</span><span class="gsstx" style="box-sizing: border-box; font-size: 16px; font-weight: bold;"><span> </span>–<span> </span></span><span class="gsstx" style="box-sizing: border-box; font-size: 16px; font-weight: bold;">Daily</span><span class="gsstx" style="box-sizing: border-box; font-size: 16px; font-weight: bold;"><span> </span>Chart</span></p><p class="gsstx" style="-webkit-text-stroke-width: 0px; background-color: white; box-sizing: border-box; color: black; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; margin: 0.75rem 0px; orphans: 2; text-align: left; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjNBiHC1vb-TngYkVUoEHVBNCDVXPUGtAQgIXSpVa4HiLsqYr2wABuNbgXrgSJSNlaJHFwPm_k43reQ43p4fnQAgRnZfzpaUm0FCkV-GqykNjJqOSM3Iw3_V3CUbao3_XGfE7XMwYbbSlVB/s1143/Nikkei+225+Index+%25E2%2580%2593+Daily+Chart.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Nikkei 225 Index – Daily Chart" border="0" data-original-height="561" data-original-width="1143" height="196" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjNBiHC1vb-TngYkVUoEHVBNCDVXPUGtAQgIXSpVa4HiLsqYr2wABuNbgXrgSJSNlaJHFwPm_k43reQ43p4fnQAgRnZfzpaUm0FCkV-GqykNjJqOSM3Iw3_V3CUbao3_XGfE7XMwYbbSlVB/w400-h196/Nikkei+225+Index+%25E2%2580%2593+Daily+Chart.PNG" title="Nikkei 225 Index – Daily Chart" width="400" /></a></div><p></p><p class="gsstx" style="box-sizing: border-box; margin: 0.75rem 0px;"><span class="gsstx" style="box-sizing: border-box; font-weight: bold;">ASX 200 Index Technical Analysis:</span></p><p class="gsstx" style="box-sizing: border-box; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box;">The ASX 200 index has likely broken the “Ascending Channel” this week (chart below) and the overall momentum has turned bearish as suggested by the MACD indicator. An immediate support level can be found at 6,570 – the lower Bollinger Band. Price has pierced below the middle Bollinger Band (also the 20-Day SMA), suggesting that near-term trend has likely turned bearish.</span></p><p class="gsstx" style="box-sizing: border-box; margin: 0.75rem 0px;"><span class="gsstx" style="box-sizing: border-box;"><a data-popup="true" href="https://a.c-dn.net/b/2SBPMw/ASX-200-Nikkei-225-Open-Higher-as-Nasdaq-100-Leads-a-Defensive-Play-_body_Picture_16.png.full.png" style="-webkit-text-stroke-width: 0px; background-color: white; box-sizing: border-box; color: #0081c2; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: underline; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"></a></span></p><p class="gsstx" style="-webkit-text-stroke-width: 0px; background-color: white; box-sizing: border-box; color: black; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; margin: 0.75rem 0px; orphans: 2; text-align: left; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"><span class="gsstx" style="box-sizing: border-box; font-size: 16px; font-weight: bold;">ASX 200 Index<span> </span></span><span class="gsstx" style="box-sizing: border-box; font-size: 16px; font-weight: bold;">– Daily Chart</span></p><p class="gsstx" style="-webkit-text-stroke-width: 0px; background-color: white; box-sizing: border-box; color: black; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; letter-spacing: normal; margin: 0.75rem 0px; orphans: 2; text-align: left; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"></p><div class="separator" style="clear: both; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhfOcl5ZY5zTfdQP2tjmHuGMDDv5kBby2Fi43UdOibC6bmiIdH-oBpzKZqMHBK7nAF-USKDMznzX5TcSxXhZw9Pkllq3B48l9VYqddf0TRGZwfmU_hQf4ltLICoh5ivfyc3Et5tX5550XKy/s1141/ASX+200+Index+%25E2%2580%2593+Daily+Chart.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="ASX 200 Index – Daily Chart" border="0" data-original-height="556" data-original-width="1141" height="195" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhfOcl5ZY5zTfdQP2tjmHuGMDDv5kBby2Fi43UdOibC6bmiIdH-oBpzKZqMHBK7nAF-USKDMznzX5TcSxXhZw9Pkllq3B48l9VYqddf0TRGZwfmU_hQf4ltLICoh5ivfyc3Et5tX5550XKy/w400-h195/ASX+200+Index+%25E2%2580%2593+Daily+Chart.PNG" title="ASX 200 Index – Daily Chart" width="400" /></a></div><br /><span class="gsstx" style="box-sizing: border-box; font-size: 16px;">--- Written by Margaret Yang, Strategist for DailyFX.com</span><p></p><p class="gsstx" style="-webkit-text-stroke-width: 0px; background-color: white; box-sizing: border-box; color: black; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; letter-spacing: normal; margin: 0.75rem 0px; orphans: 2; text-align: left; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"><span class="gsstx" style="box-sizing: border-box; font-size: 16px;"><br /></span></p><p class="gsstx" style="-webkit-text-stroke-width: 0px; background-color: white; box-sizing: border-box; color: black; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; margin: 0.75rem 0px; orphans: 2; text-align: left; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"><span class="gsstx" style="box-sizing: border-box; font-size: 16px; font-weight: bold;"><br /></span></p><p class="gsstx" style="-webkit-text-stroke-width: 0px; background-color: white; box-sizing: border-box; color: black; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; margin: 0.75rem 0px; orphans: 2; text-align: left; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"><span class="gsstx" style="box-sizing: border-box; font-size: 16px; font-weight: bold;"><br /></span></p><p class="gsstx" style="-webkit-text-stroke-width: 0px; background-color: white; box-sizing: border-box; color: black; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; margin: 0.75rem 0px; orphans: 2; text-align: left; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"><span class="gsstx" style="box-sizing: border-box; font-size: 16px; font-weight: bold;"><br /></span></p><div><span class="gsstx" style="box-sizing: border-box; font-weight: bold;"><br /></span></div><p class="gsstx" style="-webkit-text-stroke-width: 0px; background-color: white; box-sizing: border-box; color: black; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; margin: 0.75rem 0px; orphans: 2; text-align: left; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"><span class="gsstx" style="box-sizing: border-box; font-size: 16px; font-weight: bold;"><br /></span></p><p class="gsstx" style="-webkit-text-stroke-width: 0px; background-color: white; box-sizing: border-box; color: black; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; margin: 0.75rem 0px; orphans: 2; text-align: left; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"><span class="gsstx" style="box-sizing: border-box; font-size: 16px; font-weight: bold;"><br /></span></p><div class="dfx-inHouseGuideBannerComponent__image p-1 ml-md-0 ml-lg-2" style="align-self: flex-end; box-sizing: border-box; height: 7rem; margin: 0.25rem 0px 0px; order: -1; padding: 0.25rem !important; width: 5rem; z-index: 1;"><div class="position-relative" style="box-sizing: border-box; position: relative !important;"><div class="dfx-bookCover3D__transforms3d" style="box-sizing: border-box; transform: perspective(100px) rotateY(-3deg);"></div></div></div><p class="gsstx" style="box-sizing: border-box; margin: 0.75rem 0px;"><a aria-label="Get My Guide" class="dfx-inHouseGuideBannerComponent dfx-inHouseGuideBannerComponent--beginnerGuides dfx-inHouseGuideBannerComponent--3colArticle my-4 " data-guide-description="Get to grips with the basics of forex trading." data-guide-key="Forex for Beginners" data-guide-title="Forex for Beginners" data-image-url="https://a.c-dn.net/b/0C323l/FOREX_FOR_BEGINNERS.png" data-source-type="DFX_EN_Guides" href="https://www.dailyfx.com/free-trading-guides#forecastschoices=FOREX_FOR_BEGINNERS" role="button" style="-webkit-box-align: center; -webkit-box-direction: normal; -webkit-box-orient: horizontal; align-items: center; background-color: #168ed2; box-sizing: border-box; color: #0081c2; cursor: pointer; display: flex; flex-direction: row; margin-bottom: 1rem !important; margin-top: 1rem !important; overflow: hidden; padding: 0px 1rem; position: relative; text-decoration-line: none; z-index: 0;" tabindex="0"></a><span class="gsstx" style="box-sizing: border-box; font-weight: bold;"><br /></span></p><div><span class="gsstx" style="box-sizing: border-box; font-weight: bold;"><br /></span></div><a data-popup="true" href="https://a.c-dn.net/b/1eFp7U/ASX-200-Nikkei-225-Open-Higher-as-Nasdaq-100-Leads-a-Defensive-Play-_body_Picture_3.png.full.png" style="box-sizing: border-box; color: #0081c2;"></a></span></span></div><div class="separator" style="clear: both; text-align: center;"></div><p class="gsstx" style="-webkit-text-stroke-width: 0px; background-color: white; box-sizing: border-box; color: black; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; margin: 0.75rem 0px; orphans: 2; text-align: left; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"><br /><span class="gsstx" style="box-sizing: border-box; font-size: 16px; font-weight: bold;"><br /></span></p></div></div>Forex Trading (Signals)http://www.blogger.com/profile/14616873289380255102noreply@blogger.com0tag:blogger.com,1999:blog-1024056890766486128.post-60817264415207836282020-12-22T11:39:00.001+05:302020-12-22T11:44:57.311+05:30Australian Dollar Forecast: AUD/USD Down Despite Stellar Retail Sales<p><span face="Roboto, Arial, Helvetica, sans-serif" style="background-color: white; font-size: 1.3rem; text-transform: uppercase;">AUSTRALIAN DOLLAR, AUD/USD, RETAIL SALES, US STIMULUS – TALKING POINTS...</span></p><ul class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin-bottom: 1rem; margin-top: 0px;"><li class="gsstx" style="box-sizing: border-box;"><span class="gsstx" style="box-sizing: border-box;">US stimulus talks come to a conclusion as Congress begins voting on relief bill</span></li><li class="gsstx" style="box-sizing: border-box;"><span class="gsstx" style="box-sizing: border-box;">AUD/USD fails to show upside reaction to stellar local November retail sales data</span></li><li class="gsstx" style="box-sizing: border-box;"><span class="gsstx" style="box-sizing: border-box;">US Covid hospitalizations rise further, new UK strain adds to investors’ worries</span></li></ul><div><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-size: 1rem;">US lawmakers are in the final stages of approving a Covid aid bill that will inject $900 billion of relief funds into the economy through direct stimulus payments to Americans, supplemental unemployment benefits, Covid vaccine distribution measures, and other virus-related health measures. Progress on Capitol Hill wasn’t reflected on Wall Street, however, with the S&P 500 and Nasdaq Composite falling 0.39% and 0.11%, respectively.</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-size: 1rem;">The Dow Jones managed to close out the session with a slight gain however as financial stocks made solid progress following last week’s </span><span class="gsstx" style="box-sizing: border-box; font-size: 1rem;">Fed bank stress test results</span><span class="gsstx" style="box-sizing: border-box; font-size: 1rem;"> that cleared the way for large lenders to begin issuing dividends in Q1 2020. Still, the VIX volatility index – investors’ so-called “fear gauge” – rose nearly 17% on Monday, and spiked over the 30 handle in intraday trading.</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-size: 1rem;"></span></p><h2 class="article-subheader" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 1.3rem; line-height: 1.2; margin: 1rem 0px; text-transform: uppercase;">US COVID STATISTICS</h2></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjCyJ55BLyRkrfK9SYPtQDQvv08WKRWxi7SR0SqqfjGXjvsI5aG-aaYWa447VLLFU-qRm5RZnun9CrU5g5ge2akuTXAqQtac7TU830smsNgrmUDmC8HhApyCi9CiT0o0W3F_KCvUX4U0qdm/s755/US+Covid+Statistics.PNG" style="margin-left: 1em; margin-right: 1em;"><img alt="US COVID STATISTICS" border="0" data-original-height="428" data-original-width="755" height="226" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjCyJ55BLyRkrfK9SYPtQDQvv08WKRWxi7SR0SqqfjGXjvsI5aG-aaYWa447VLLFU-qRm5RZnun9CrU5g5ge2akuTXAqQtac7TU830smsNgrmUDmC8HhApyCi9CiT0o0W3F_KCvUX4U0qdm/w400-h226/US+Covid+Statistics.PNG" title="US COVID STATISTICS" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: left;"><span class="gsstx" face="Roboto, Arial, Helvetica, sans-serif" style="background-color: white; box-sizing: border-box; font-size: 16px; text-align: justify;">The risk-off move appears to come as an increasingly worrisome Covid situation shifts into view for investors. US hospitalizations continue to rise with a record-breaking 115,351 currently hospitalized from Covid as of December 21, according to </span><span class="gsstx" style="box-sizing: border-box; font-size: 1rem;">The Covid Tracking Project</span><span class="gsstx" face="Roboto, Arial, Helvetica, sans-serif" style="background-color: white; box-sizing: border-box; font-size: 16px; text-align: justify;">. New worries about the </span><span class="gsstx" face="Roboto, Arial, Helvetica, sans-serif" style="background-color: white; box-sizing: border-box; font-size: 16px; text-align: justify;">coronavirus </span><span class="gsstx" face="Roboto, Arial, Helvetica, sans-serif" style="background-color: white; box-sizing: border-box; font-size: 16px; text-align: justify;">in the UK also appear to have prompted the risk-off turn, with a recent mutation identified in the virus causing the country to impose a higher tier of lockdowns across London and new travel restrictions from other European countries.</span></div><div class="separator" style="clear: both; text-align: left;"><span class="gsstx" face="Roboto, Arial, Helvetica, sans-serif" style="background-color: white; box-sizing: border-box; font-size: 16px; text-align: justify;"><br /></span></div><div class="separator" style="clear: both; text-align: left;"><span class="gsstx" face="Roboto, Arial, Helvetica, sans-serif" style="background-color: white; box-sizing: border-box; font-size: 16px; text-align: justify;"><h2 class="article-subheader" style="box-sizing: border-box; font-size: 1.3rem; line-height: 1.2; margin: 1rem 0px; text-align: left; text-transform: uppercase;">S&P 500, DOW JONES, VIX INDEX– 30-MIN CHART</h2><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhS6rCPUYOdWESwtIQNgHXZnCwGHIxteMiAYKQv0MN51mg8Rejml1Hcn_X_eexJm0SxIiCJoJcbtZF6_fVNzSxTVve7-YEpqbCCxdvgNtmHvuZWXdMkiGUcTpwodLu3LHGUeKYjpIYl0BHP/s757/S%2526P+500%252C+DOW+JONES%252C+VIX+INDEX%25E2%2580%2593+30-MIN+CHART.PNG" style="margin-left: 1em; margin-right: 1em;"><img alt="S&P 500, DOW JONES, VIX INDEX– 30-MIN CHART" border="0" data-original-height="415" data-original-width="757" height="219" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhS6rCPUYOdWESwtIQNgHXZnCwGHIxteMiAYKQv0MN51mg8Rejml1Hcn_X_eexJm0SxIiCJoJcbtZF6_fVNzSxTVve7-YEpqbCCxdvgNtmHvuZWXdMkiGUcTpwodLu3LHGUeKYjpIYl0BHP/w400-h219/S%2526P+500%252C+DOW+JONES%252C+VIX+INDEX%25E2%2580%2593+30-MIN+CHART.PNG" title="S&P 500, DOW JONES, VIX INDEX– 30-MIN CHART" width="400" /></a></div><br /><div><br /></div></span></div><div class="separator" style="clear: both; text-align: center;"><span face="Roboto, Arial, Helvetica, sans-serif" style="background-color: white; font-size: 1.3rem; text-align: left; text-transform: uppercase;">TUESDAY’S ASIA-PACIFIC OUTLOOK</span></div><div class="separator" style="clear: both; text-align: center;"><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-size: 1rem;">The Asia Pacific session is seeing early signs of a risk-off spillover from Wall Street trade as Covid-19 worries look to keep investors on edge. The Australian Dollar also failed to benefit from a blowout beat on preliminary local retail sales data. According to the </span><span class="gsstx" style="box-sizing: border-box; font-size: 1rem;">DailyFX Economic Calendar</span><span class="gsstx" style="box-sizing: border-box; font-size: 1rem;">, </span><span class="gsstx" style="box-sizing: border-box; font-size: 1rem;">receipts</span><span class="gsstx" style="box-sizing: border-box; font-size: 1rem;"> for November climbed 7.0% versus estimates calling for a 0.6% decrease. AUD/USD traded to the downside despite this stellar outcome.</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-size: 1rem;">Economic prints for the rest of the week appear relatively light across the Asia Pacific region. However, the United States and the United Kingdom are both set to release their final economic growth figures for the third quarter, with the UK expected to post a 15.5% Q3 growth rate, and the US a more impressive 33.1% reading. While both data prints constitute final readings for GDP, any deviation from analysts’ expectations may see a sizeable market reaction.</span></p><h2 class="article-subheader" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 1.3rem; line-height: 1.2; margin: 1rem 0px; text-align: left; text-transform: uppercase;">AUD/USD TECHNICAL OUTLOOK:</h2><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-size: 1rem;">After putting in fresh multi-year highs last week, AUD/USD has broken back below a 2019 trendline. The recent breakdown leaves the longer-term rally intact, but the downward pressure may likely signal a short term exhaustion for Aussie-dollar bulls. The 23.6% Fibonacci retracement level from the October swing low to the recent high was broken by a sharp intraday move lower. Prices have since recovered and now rest below the 2019 trendline.</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-size: 1rem;"></span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-size: 1rem;">The breakdown in momentum, despite November’s stellar retail sales, is reinforced by the technical structure in AUD/USD. The current MACD is converging, and RSI broke below the 70 overbought level. The 0.75 handle, which sits slightly above the 23.6% Fib retracement (0.7486) may serve as a point of contention on any further pushes lower. Should AUD/USD hold above that level, or the current higher levels, the longer-term bull trend may likely resume.</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-size: 1rem;"><a data-popup="true" href="https://a.c-dn.net/b/0W7Vb6/Australian-Dollar-Forecast-AUDUSD-on-Backfoot-Despite-Stellar-Retail-Sales_body_A_picture_containing_diagramDescription_automatically_generated.png.full.png" style="-webkit-text-stroke-width: 0px; background-color: white; box-sizing: border-box; color: #0081c2; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: underline; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"></a></span></p><h2 class="article-subheader" style="-webkit-text-stroke-width: 0px; background-color: white; box-sizing: border-box; color: black; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 1.3rem; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 700; letter-spacing: normal; line-height: 1.2; margin: 1rem 0px; orphans: 2; text-align: left; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: uppercase; white-space: normal; widows: 2; word-spacing: 0px;"><span style="font-size: 1.3rem;">AUD/USD DAILY CHART</span></h2><div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEguEHFHGbPIf43ririernDkDJjZe_tVdFtYV3y9oItDblaoO4xpr6mlv35g0Y7-aUoktlLAycYusunVzDOJPDzHVTEhLETb5hzR8_yO9Ew6sidVwcivl2zCX9VnZW6Holh5WL9mIh9YDkGk/s748/AUD+USD+DAILY+CHART.PNG" style="margin-left: 1em; margin-right: 1em;"><img alt="AUD/USD DAILY CHART" border="0" data-original-height="425" data-original-width="748" height="228" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEguEHFHGbPIf43ririernDkDJjZe_tVdFtYV3y9oItDblaoO4xpr6mlv35g0Y7-aUoktlLAycYusunVzDOJPDzHVTEhLETb5hzR8_yO9Ew6sidVwcivl2zCX9VnZW6Holh5WL9mIh9YDkGk/w400-h228/AUD+USD+DAILY+CHART.PNG" title="AUD/USD DAILY CHART" width="400" /></a></div><span style="text-align: left;"><div><span style="text-align: left;">Source:</span></div>https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2020/12/22/Australian-Dollar-Forecast-AUDUSD-on-Backfoot-Despite-Stellar-Retail-Sales.html</span></div></div><div><br /></div>Forex Trading (Signals)http://www.blogger.com/profile/14616873289380255102noreply@blogger.com0tag:blogger.com,1999:blog-1024056890766486128.post-12083595400153058052020-12-09T10:45:00.003+05:302020-12-09T10:45:38.016+05:30Nasdaq 100, S&P 500 Hit New Highs on Bipartisan Stimulus Bets. ASX 200 to Rise?<p><span face="Roboto, Arial, Helvetica, sans-serif" style="background-color: white; font-size: 1.3rem; text-transform: uppercase;">NASDAQ 100, S&P 500, ASX 200, US STIMULUS, COVID VACCINE – ASIA PACIFIC INDICES BRIEFING...</span></p><ul class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin-bottom: 1rem; margin-top: 0px;"><li class="gsstx" style="box-sizing: border-box;"><span class="gsstx" style="box-sizing: border-box; font-style: italic;"><a href="https://www.dailyfx.com/nas-100" style="background-color: transparent; box-sizing: border-box; color: #0081c2;" title="Nasdaq">Nasdaq</a> 100, <a href="https://www.dailyfx.com/sp-500" style="background-color: transparent; box-sizing: border-box; color: #0081c2;" title="S&P 500">S&P 500</a> hit new all-time highs on vaccine, stimulus bets</span></li><li class="gsstx" style="box-sizing: border-box;"><span class="gsstx" style="box-sizing: border-box; font-style: italic;">APAC equities could rise, Chinese CPI may dim PBOC normalization</span></li><li class="gsstx" style="box-sizing: border-box;"><span class="gsstx" style="box-sizing: border-box; font-style: italic;"><a href="https://www.dailyfx.com/asx-200" style="background-color: transparent; box-sizing: border-box; color: #0081c2;" title="ASX 200">ASX 200</a> pushing for a key resistance break, but momentum is fading</span></li></ul><div><span face="Roboto, Arial, Helvetica, sans-serif"><h2 class="article-subheader" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 1.3rem; line-height: 1.2; margin: 1rem 0px; text-transform: uppercase;">WALL STREET TRADING SESSION RECAP</h2><div><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-size: 1rem;">Following a mixed European session, equities pushed higher during Tuesday’s <a href="https://www.dailyfx.com/dow-jones" style="background-color: transparent; box-sizing: border-box; color: #0081c2;" title="Wall Street">Wall Street</a> trading hours. The tech-heavy Nasdaq Composite (+0.50%) outperformed the S&P 500 (+0.28%), both hitting new all-time highs as the Dow Jones rose 0.35%. The VIX market ‘fear gauge’ declined towards lows seen at the end of November, signaling fading prospects of volatility despite recent surges in coronavirus cases.</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-size: 1rem;">Sentiment was bolstered by a couple of developments. First, there were rising prospects of a Covid vaccine rollout in the US. The Food and Drug Administration (FDA) reported that the vaccine by Pfizer and partner BioNTech met expectations of the agency’s guidance. It was about 95 percent effective in preventing the disease as well as found safe. That may open the door to emergency authorization use soon.</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-size: 1rem;">Stimulus bets was another driver of the rosy mood. Senate Majority Leader Mitch McConnell opened the door to setting aside business liability protections if Democrats drop demands for state government aid in the $908 billion bipartisan bill. Meanwhile, Treasury Secretary Steven Mnuchin presented a separate $916b stimulus pitch on the behalf of the Trump Administration that includes state aid and $600 checks per eligible adult.</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-size: 1rem;"></span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-size: 1rem;">Taking a look at sectoral performance in the Dow Jones, 80% of constituents closed higher. The top 3 performing sectors were materials (+2.52%), energy (+0.86%) and health care (+0.71%). Meanwhile, the worst-performing one was consumer discretionary (-0.17%).</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-size: 1rem;"><br /></span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-size: 1rem;"><span style="font-size: 20.8px; font-weight: 700; text-align: left; text-transform: uppercase;">DOW JONES SECTORAL PERFORMANCE</span></span></p><div><span class="gsstx" style="box-sizing: border-box; font-size: 1rem;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi1h5_-izvwzxqNsVaS0a-S2bkZAALPOfqy_CM49q0GuaMWpbJk7qIBiRUlzPudyWOM2YQdgcGK7sszPi_AHp_Bb_2IoSwV6aepnbgBrlaQdi2x9AYDSJFY4DdPhIXr70HyqtVlQ3SnBNtl/s511/sector.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="DOW JONES SECTORAL PERFORMANCE" border="0" data-original-height="279" data-original-width="511" height="219" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi1h5_-izvwzxqNsVaS0a-S2bkZAALPOfqy_CM49q0GuaMWpbJk7qIBiRUlzPudyWOM2YQdgcGK7sszPi_AHp_Bb_2IoSwV6aepnbgBrlaQdi2x9AYDSJFY4DdPhIXr70HyqtVlQ3SnBNtl/w400-h219/sector.PNG" title="DOW JONES SECTORAL PERFORMANCE" width="400" /></a></div><br /><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-size: 1rem; font-style: italic;">Data Source: Bloomberg</span></p><div><span class="gsstx" style="box-sizing: border-box; font-size: 1rem; font-style: italic;"><h2 class="article-subheader" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 1.3rem; font-style: normal; line-height: 1.2; margin: 1rem 0px; text-transform: uppercase;">NASDAQ 100 TECHNICAL ANALYSIS</h2><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-style: normal; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-size: 1rem;">Nasdaq 100 futures extended gains, pushing above the 12197 – 12465 resistance zone. That has exposed the 38.20% Fibonacci extension at 12886. Maintaining the focus to the upside is a short-term rising trendline from late October. In the event of a material turn lower, keep a close eye on the medium-term 50-day </span><a class="gsstx" href="https://www.dailyfx.com/education/technical-analysis-tools/moving-average.html?ref-author=Dubrovsky&QPID=917702&CHID=9" style="background-color: transparent; box-sizing: border-box; color: #0081c2;"><span class="gsstx" style="box-sizing: border-box; font-size: 1rem;">Simple Moving Average</span></a><span class="gsstx" style="box-sizing: border-box; font-size: 1rem;"> (SMA).</span></p><span style="background-color: white; font-family: Roboto, Arial, Helvetica, sans-serif; font-style: normal;">{{SENTIMENT|Learn how to use sentiment in your trading strategy}}</span></span></div><div><span class="gsstx" style="box-sizing: border-box; font-size: 1rem; font-style: italic;"><span style="background-color: white; font-family: Roboto, Arial, Helvetica, sans-serif; font-style: normal;"><br /></span></span></div><div><span class="gsstx" style="box-sizing: border-box; font-size: 1rem; font-style: italic;"><h2 class="article-subheader" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 1.3rem; font-style: normal; line-height: 1.2; margin: 1rem 0px; text-transform: uppercase;">NASDAQ 100 FUTURES – DAILY CHART</h2><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjFGoBVAc4k5E4EbZLAeycHstDZEOoe33e5CjXqlwvu-ZcVYy9cBPcSAOLfPXBmoa27cow8yeV5bC6DocYoS4_574HXk_6xwxQ6hRfGlgHu-01BMA_N8_btYE2xK8_tBeySKIT1SVy1-PV_/s746/Nasdaq100.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="NASDAQ 100 FUTURES – DAILY CHART" border="0" data-original-height="339" data-original-width="746" height="181" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjFGoBVAc4k5E4EbZLAeycHstDZEOoe33e5CjXqlwvu-ZcVYy9cBPcSAOLfPXBmoa27cow8yeV5bC6DocYoS4_574HXk_6xwxQ6hRfGlgHu-01BMA_N8_btYE2xK8_tBeySKIT1SVy1-PV_/w400-h181/Nasdaq100.PNG" title="NASDAQ 100 FUTURES – DAILY CHART" width="400" /></a></div><h2 class="article-subheader" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 1.3rem; font-style: normal; line-height: 1.2; margin: 1rem 0px; text-transform: uppercase;">WEDNESDAY’S ASIA PACIFIC TRADING SESSION – ASX 200, NIKKEI 225, KOSPI, CHINESE CPI</h2><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-style: normal; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-size: 1rem;">Asia Pacific equities are trading broadly higher during morning Wednesday trade, following the rosy lead from Wall Street. Dow Jones and S&P 500 futures are also rising. As such, regional equities such as Australia’s ASX 200 and Japan’s Nikkei 225 may extend gains. South Korea’s Kospi index is attempting to recover Tuesday’s 1.62% drop which may have been as a result of profit-taking following persistent gains.</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-style: normal; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-size: 1rem;">Reports crossed the wires that Speaker of the House Nancy Pelosi and Senate Minority Leader Chuck Schumer said Mnuchin’s proposed plan was </span><span class="gsstx" style="box-sizing: border-box; font-size: 1rem;">‘unacceptable’</span><span class="gsstx" style="box-sizing: border-box; font-size: 1rem;">. For now, traders seem to be focused on the bipartisan relief bill as well as Covid vaccine distribution. This update may come back into play down the road if more gridlock delays much-needed fiscal support.</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-style: normal; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-size: 1rem;">Chinese CPI turned negative both y/y and m/m in November, the first time since 2009. That has poured cold water on PBOC normalization bets which may offer a boost to the Shanghai Composite and CSI 300. Later today, Canada’s TSX Composite index is eyeing the BoC rate decision. For more data, check out the </span><a class="gsstx" href="https://www.dailyfx.com/economic-calendar" style="background-color: transparent; box-sizing: border-box; color: #0081c2;"><span class="gsstx" style="box-sizing: border-box; font-size: 1rem;">DailyFX economic calendar</span></a><span class="gsstx" style="box-sizing: border-box; font-size: 1rem;">.</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-style: normal; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-size: 1rem;"></span></p><h2 class="article-subheader" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 1.3rem; font-style: normal; line-height: 1.2; margin: 1rem 0px; text-transform: uppercase;">ASX 200 TECHNICAL ANALYSIS</h2><div><span style="background-color: white; font-family: Roboto, Arial, Helvetica, sans-serif; font-style: normal; text-align: justify;">The ASX 200 is attempting to climb above the November high at 6713, exposing the 6893 inflection zone. Negative RSI divergence is showing that upside momentum is fading. This may precede a turn lower, placing the focus on the inflection zone from August 2019 between 6396 and 6475. The broader uptrend could hold via the 50-day SMA in the event of a material pullback.</span></div><div><span style="background-color: white; font-family: Roboto, Arial, Helvetica, sans-serif; font-style: normal; text-align: justify;"><br /></span></div><div><h2 class="article-subheader" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 1.3rem; font-style: normal; line-height: 1.2; margin: 1rem 0px; text-transform: uppercase;">ASX 200 – DAILY CHART</h2><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh3OCtSzQ333HwzllGhZh9kM62lQXhIOSs8bvLtde7HZKvT2FvhMswvAGEO7IZ8HPnKDqIz6CbfJc6_7y3psvvIzeNvc04cpHQ_mFCETxEQCyGfjvH3ijzjhSWrGstDBdvO1P7ZifmeWNkT/s755/Asx200.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="ASX 200 – DAILY CHART" border="0" data-original-height="345" data-original-width="755" height="183" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh3OCtSzQ333HwzllGhZh9kM62lQXhIOSs8bvLtde7HZKvT2FvhMswvAGEO7IZ8HPnKDqIz6CbfJc6_7y3psvvIzeNvc04cpHQ_mFCETxEQCyGfjvH3ijzjhSWrGstDBdvO1P7ZifmeWNkT/w400-h183/Asx200.PNG" title="ASX 200 – DAILY CHART" width="400" /></a></div><br /><div><span style="background-color: white; font-family: Roboto, Arial, Helvetica, sans-serif; font-style: normal;">Written by Daniel Dubrovsky, Currency Analyst for DailyFX.com</span></div><div><br /></div><a data-popup="true" href="https://a.c-dn.net/b/4sFQs3/Nasdaq-100-SP-500-Hit-New-Highs-on-Bipartisan-Stimulus-Bets.-ASX-200-to-Rise_body_Picture_4.png.full.png" style="background-color: white; box-sizing: border-box; color: #0081c2; font-family: Roboto, Arial, Helvetica, sans-serif; font-style: normal;"></a></div><div><br /></div><a data-popup="true" href="https://a.c-dn.net/b/4sFQs3/Nasdaq-100-SP-500-Hit-New-Highs-on-Bipartisan-Stimulus-Bets.-ASX-200-to-Rise_body_Picture_3.png.full.png" style="background-color: white; box-sizing: border-box; color: #0081c2; font-family: Roboto, Arial, Helvetica, sans-serif; font-style: normal;"></a></span></div></span></div><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-size: 1rem;"><br /></span></p></div></span></div>Forex Trading (Signals)http://www.blogger.com/profile/14616873289380255102noreply@blogger.com0tag:blogger.com,1999:blog-1024056890766486128.post-6086411733275161582020-12-01T10:34:00.000+05:302020-12-01T10:34:03.587+05:30EUR And USD Adds Over 30 Pips As Risk Assets Gain Ground<h2 style="text-align: justify;"><span style="color: #2b00fe; font-size: large;"><u><span style="background-color: white; font-family: Roboto, sans-serif; letter-spacing: -0.02rem;">EUR/USD adds over 30 pips as risk assets gain ground</span></u></span></h2><ul style="background-color: white; box-sizing: border-box; color: #49494f; font-family: Roboto, sans-serif; font-size: 19.2px; text-rendering: optimizelegibility;"><li style="box-sizing: border-box; text-align: justify; text-rendering: optimizelegibility;"><span style="-webkit-font-smoothing: antialiased; box-sizing: border-box; font-weight: 700; text-rendering: optimizelegibility;">EUR/USD trades at 1.1959 versus 1.1923 in early Asia. </span></li><li style="box-sizing: border-box; text-align: justify; text-rendering: optimizelegibility;"><span style="-webkit-font-smoothing: antialiased; box-sizing: border-box; font-weight: 700; text-rendering: optimizelegibility;">Corona virus vaccine optimism and buoyant equity markets weigh over the dollar. </span></li><li style="box-sizing: border-box; text-align: justify; text-rendering: optimizelegibility;"><span style="-webkit-font-smoothing: antialiased; box-sizing: border-box; font-weight: 700; text-rendering: optimizelegibility;">Fed's Powell says the US economy remains in a damaged state.</span></li></ul><div><p style="background-color: white; box-sizing: border-box; color: #49494f; font-family: Roboto, sans-serif; font-size: 19.2px; margin: 0px 0px 0.88em; text-align: justify; text-rendering: optimizelegibility;">The bid tone around the single currency strengthened on Tuesday, pushing EUR/USD higher, as stock markets gained, weakening safe-havens such as the greenback. </p><p style="background-color: white; box-sizing: border-box; color: #49494f; font-family: Roboto, sans-serif; font-size: 19.2px; margin: 0px 0px 0.88em; text-align: justify; text-rendering: optimizelegibility;">The pair traded near 1.1959 at the time of writing, representing a 0.30% gain on the day, having found buyers near 1.1923 in Asia. </p><h2 style="-webkit-font-smoothing: antialiased; background-color: white; box-sizing: border-box; font-family: Roboto, sans-serif; letter-spacing: -0.02rem; line-height: 2rem; margin: 0px 0px 0.33em; text-align: justify; text-rendering: optimizelegibility;"><u><span style="color: #2b00fe; font-size: large;">Vaccine hopes boost risk appetite</span></u></h2><p style="background-color: white; box-sizing: border-box; color: #49494f; font-family: Roboto, sans-serif; font-size: 19.2px; margin: 0px 0px 0.88em; text-align: justify; text-rendering: optimizelegibility;">Major Asia indices rose over 1% on prospects of a COVID-19 vaccine. Drugmaker Moderna said Monday that it will apply for the US and European emergency authorization for its COVID-19 vaccine, with full results from its late-stage study showing 94.1% effectiveness with no serious safety concerns. </p><p style="background-color: white; box-sizing: border-box; color: #49494f; font-family: Roboto, sans-serif; font-size: 19.2px; margin: 0px 0px 0.88em; text-align: justify; text-rendering: optimizelegibility;">Last month, drugmakers Moderna, Pfizer, and AstraZeneca announced positive results of their respective experimental vaccines, putting a strong bid under the risk assets. Since then, a massive wave of liquidity has come into equities, as noted by Reuters, weakening demand for anti-risk assets such as the US dollar. </p><p style="background-color: white; box-sizing: border-box; color: #49494f; font-family: Roboto, sans-serif; font-size: 19.2px; margin: 0px 0px 0.88em; text-align: justify; text-rendering: optimizelegibility;">The trend looks set to continue, as markets believe the Federal Reserve would boost stimulus to counter the recent resurgence of coronavirus. "Recent news on the vaccine front is very positive for the medium term," Powell said in testimony released Monday while adding that the economy remains in a damaged and uncertain state. </p><p style="background-color: white; box-sizing: border-box; color: #49494f; font-family: Roboto, sans-serif; font-size: 19.2px; margin: 0px 0px 0.88em; text-align: justify; text-rendering: optimizelegibility;">As such, the EUR/USD pair could have another go at the psychological hurdle of 1.20. The bulls failed to establish a foothold above that level on Monday on month-end dollar demand. </p><p style="background-color: white; box-sizing: border-box; color: #49494f; font-family: Roboto, sans-serif; font-size: 19.2px; margin: 0px 0px 0.88em; text-align: justify; text-rendering: optimizelegibility;">Data wise, the focus would be on the German labor market report and Eurozone's preliminary Consumer Price Index for November. A big beat on expectations will likely draw more substantial buying pressure for the common currency. </p><ul style="background-color: white; box-sizing: border-box; color: #49494f; font-family: Roboto, sans-serif; font-size: 19.2px; text-rendering: optimizelegibility;"><li style="box-sizing: border-box; text-rendering: optimizelegibility;"><h3 style="-webkit-font-smoothing: antialiased; box-sizing: border-box; color: #1b1c23; font-size: 1.34rem; letter-spacing: -0.02rem; margin: 0px 0px 0.33em; text-align: justify; text-rendering: optimizelegibility;"><a href="https://www.fxstreet.com/news/ecb-should-lengthen-qe-purchases-to-counter-strong-euro-iif-202012010217" style="-webkit-font-smoothing: antialiased; border: 0px; box-sizing: border-box; color: #1b1c23; margin: 0px; padding: 0px; text-decoration-line: none; text-rendering: optimizelegibility; transition: all 0.25s ease-in 0s;" title="ECB should lengthen QE purchases to counter strong euro – IIF">ECB should lengthen QE purchases to counter strong euro – IIF</a></h3></li></ul><div><h3 class="fxs_headline_medium" style="-webkit-font-smoothing: antialiased; background-color: white; box-sizing: border-box; color: #1b1c23; font-family: Roboto, sans-serif; font-size: 1.68rem; letter-spacing: -0.02rem; line-height: 2rem; margin: 0px 0px 0.33em; text-align: justify; text-rendering: optimizelegibility;">Technical levels</h3></div></div><div><h3 class="fxs_subtitle" style="-webkit-font-smoothing: antialiased; background-color: white; border-bottom: 2px solid rgb(221, 222, 223); box-sizing: border-box; color: #49494f; font-family: Roboto, sans-serif; font-size: 1rem; font-style: italic; margin: 0px 0px 1rem; text-align: justify; text-rendering: optimizelegibility; text-transform: uppercase;">EUR/USD</h3></div><div class="separator" style="clear: both; text-align: justify;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEggrXv5LKVJ5slrHXwIv5Zx4721rnpoAJ0JmycqoBWk_qfC1x3giZ1pSdgSGmHhckJh7cDOewj0slQw7RQ55fHHPyiyhitzMyoJV9vMDCbOcB_lSlBEU_OMAUdjVGTTOl-RikbiQAslO2K9/s302/Over+view.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="EUR and USD adds over 30 pips as risk assets gain ground" border="0" data-original-height="176" data-original-width="302" height="233" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEggrXv5LKVJ5slrHXwIv5Zx4721rnpoAJ0JmycqoBWk_qfC1x3giZ1pSdgSGmHhckJh7cDOewj0slQw7RQ55fHHPyiyhitzMyoJV9vMDCbOcB_lSlBEU_OMAUdjVGTTOl-RikbiQAslO2K9/w400-h233/Over+view.PNG" title="EUR and USD adds over 30 pips as risk assets gain ground" width="400" /></a></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: justify;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgMCUBgt8FK6EpMg1NsBKQCYYkHwB0aL7LCoXuZjzWnTkKa43BUOqRAdOp-hLZHDeOCQEpaIqsWBlAkg_TI40wJE0i-4VEmJd2PsO2OPWjnRts4Ld9CoIb0ogDo___tMD957QyEoPSVOsLX/s304/Trends.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="EUR and USD adds over 30 pips as risk assets gain ground" border="0" data-original-height="175" data-original-width="304" height="230" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgMCUBgt8FK6EpMg1NsBKQCYYkHwB0aL7LCoXuZjzWnTkKa43BUOqRAdOp-hLZHDeOCQEpaIqsWBlAkg_TI40wJE0i-4VEmJd2PsO2OPWjnRts4Ld9CoIb0ogDo___tMD957QyEoPSVOsLX/w400-h230/Trends.PNG" title="EUR and USD adds over 30 pips as risk assets gain ground" width="400" /></a></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: justify;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEipOy0HAa7RpnGlKXNxt4E0WvKdiftijDD_FSFTCkKWB8iuhuXM4HuqmrtHy56XNmI9ZfvtyDp1FmKZUlib_trvouZFrGzSj8VoilYsnm37JTf9VGpn3tLG38zJE4DiBp1q6YW6LrCJMQdc/s523/Levels.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="EUR and USD adds over 30 pips as risk assets gain ground" border="0" data-original-height="523" data-original-width="303" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEipOy0HAa7RpnGlKXNxt4E0WvKdiftijDD_FSFTCkKWB8iuhuXM4HuqmrtHy56XNmI9ZfvtyDp1FmKZUlib_trvouZFrGzSj8VoilYsnm37JTf9VGpn3tLG38zJE4DiBp1q6YW6LrCJMQdc/w231-h400/Levels.PNG" title="EUR and USD adds over 30 pips as risk assets gain ground" width="231" /></a></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><br /></div><div><div class="fxs_disclaimer_block" style="background-color: white; border: 1px solid rgb(243, 243, 248); box-sizing: border-box; clear: both; color: #49494f; font-family: Roboto, sans-serif; font-size: 16px; margin: 0px 0px 1rem; max-height: 80px; overflow-y: auto; padding: 7.5px 1rem; text-rendering: optimizelegibility;"><p style="box-sizing: border-box; color: #a3a3a8; font-size: 11px; 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background-color: transparent; border: 1px solid transparent; box-sizing: border-box; cursor: pointer; display: inline-block; font-size: 1.34rem; font-weight: 700; height: 30px; line-height: 34px; margin: 0px; min-height: 30px; padding: 0px; position: relative; text-align: center; text-rendering: optimizelegibility; transition: all 0.25s ease-in 0s; vertical-align: middle; width: 30px;" title="Share on Twitter"><div style="text-align: justify;"></div></span></li></ul></div></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><br /></div>Forex Trading (Signals)http://www.blogger.com/profile/14616873289380255102noreply@blogger.com0tag:blogger.com,1999:blog-1024056890766486128.post-9704576518917419792020-11-28T11:43:00.001+05:302020-11-28T11:43:07.960+05:30Gold Price Forecast: Dovish FOMC Could Underpin Bullion Ahead of NFP<h1 class="dfx-articleHead__header m-0" style="background-color: white; box-sizing: border-box; font-family: "Cantata One", Georgia, "Times New Roman", serif; font-size: 2rem; line-height: 1.2; margin: 0px !important; padding-bottom: 0.75rem; text-shadow: rgba(0, 0, 0, 0.5) 0px 1px 3px; transition: font-size 0.3s ease-in 0s;"><u><span style="color: #2b00fe;">Gold Price Forecast: Dovish FOMC Could Underpin Bullion Ahead of NFP</span></u></h1><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjvNa3nHuhLTjjVaolqYt5zuKkdfz9Cn6xUkvIhBOTOvgZ3lKBNQxo0edbRblQ-QUPy2av6r6wXIEXwjUE3sYI7Mt1h80sEkStlAbMbzVXtseYAC6rgNnfnqpJ_Eq1y5KI3eYsCYFbVBG-_/s700/Gold+Price+Forecast+Dovish+FOMC+Could+Underpin+Bullion+Ahead+of+NFP.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Gold Price Forecast Dovish FOMC Could Underpin Bullion Ahead of NFP" border="0" data-original-height="403" data-original-width="700" height="230" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjvNa3nHuhLTjjVaolqYt5zuKkdfz9Cn6xUkvIhBOTOvgZ3lKBNQxo0edbRblQ-QUPy2av6r6wXIEXwjUE3sYI7Mt1h80sEkStlAbMbzVXtseYAC6rgNnfnqpJ_Eq1y5KI3eYsCYFbVBG-_/w400-h230/Gold+Price+Forecast+Dovish+FOMC+Could+Underpin+Bullion+Ahead+of+NFP.PNG" title="Gold Price Forecast Dovish FOMC Could Underpin Bullion Ahead of NFP" width="400" /></a></div><br /><p></p><h2 class="article-subheader" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 1.3rem; line-height: 1.2; margin: 1rem 0px; text-transform: uppercase;">GOLD PRICES FUNDAMENTAL FORECAST: MIXED</h2><div><ul class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin-bottom: 1rem; margin-top: 0px;"><li class="gsstx" style="box-sizing: border-box;"><span class="gsstx" style="box-sizing: border-box; font-style: italic;">The potential adjustment of the Federal Reserve’s bond-purchasing program may underpin <a href="https://www.dailyfx.com/gold-price" style="background-color: transparent; box-sizing: border-box; color: #0081c2;" title="gold prices">gold prices</a>.</span></li><li class="gsstx" style="box-sizing: border-box;"><span class="gsstx" style="box-sizing: border-box; font-style: italic;">Declining real yields and rising inflation expectations also suggest a rebound higher could be in the offing.</span></li><li class="gsstx" style="box-sizing: border-box;"><span class="gsstx" style="box-sizing: border-box; font-style: italic;">Non-farm payrolls and a flurry of PMI releases may dictate the near-term outlook for bullion.</span></li></ul><div><h2 class="article-subheader" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 1.3rem; line-height: 1.2; margin: 1rem 0px; text-transform: uppercase;">DOVISH FOMC TO UNDERPIN GOLD PRICES</h2></div></div><div><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-size: 1rem;">Gold prices have taken a beating in recent weeks, falling over 8% from the monthly high, after a slew of positive vaccine results triggered a rotation away from the anti-fiat metal and into growth-related assets.</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-size: 1rem;">However, this correction lower could prove short-lived given recent comments from the Federal Reserve suggesting the provision of additional monetary stimulus is on the table.</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-size: 1rem;">The minutes from the <a href="https://www.dailyfx.com/fomc" style="background-color: transparent; box-sizing: border-box; color: #0081c2;" title="FOMC">FOMC</a>’s November meeting showed that “many participants judged that the Committee might want to enhance its guidance for asset purchases fairly soon”.</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-size: 1rem;">The central bank also noted that “while participants judged that immediate adjustment to the pace and composition of asset purchases were not necessary, they recognized that circumstances could shift to warrant such adjustments”.</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg-2cqc7MJTBKfC321ILIAmdBvwb3HdIPJJStPI8A723aLNGxuNe8z-4rPrsnxZhtxWn3H1Du8snDd3_vUCAfuG-v5QEcM9b903DpXXLboMZeDj1dPMGIJT8pG63xblk2QzyqcmF64A72nR/s747/Gold+Price+Us+Forex+exchange+business.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="360" data-original-width="747" height="193" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg-2cqc7MJTBKfC321ILIAmdBvwb3HdIPJJStPI8A723aLNGxuNe8z-4rPrsnxZhtxWn3H1Du8snDd3_vUCAfuG-v5QEcM9b903DpXXLboMZeDj1dPMGIJT8pG63xblk2QzyqcmF64A72nR/w400-h193/Gold+Price+Us+Forex+exchange+business.PNG" width="400" /></a></div><br /><span class="gsstx" style="box-sizing: border-box; font-size: 1rem;"><br /></span><p></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-size: 1rem;"><br /></span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-size: 1rem; font-style: italic;">Source – COVID Tracking Project</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-size: 1rem;">Considering Treasury Secretary Steven Mnuchin refused to extend several of the Fed’s lending facilities past their December 31 deadline, and with the nation averaging over 160,000 new cases of Covid-19 a day, the central bank may look to act sooner rather than later.</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-size: 1rem;">Indeed, several officials “emphasized the important roles” these lending facilities have played “in restoring financial market confidence and supporting financial stability”, adding that “these facilities were still serving as an important backstop in financial markets”.</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-size: 1rem;"></span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-size: 1rem;">Moreover, the absence of a much-needed fiscal stimulus package, in tandem with initial jobless claims figures spiking to five-week highs, could put further pressure on the Fed to act in the near term.</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-size: 1rem;"></span></p><h2 class="article-subheader" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 1.3rem; line-height: 1.2; margin: 1rem 0px; text-transform: uppercase;">US INITIAL JOBLESS CLAIMS</h2></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiFNXOiLACCNyoUIxV8znFavWhClZq0_fSO2G0DB8Gx2xkIlmfWdpHfjYddb2Z_3OBz8Ev3qnGaSUzKYUkbI0gRujeBpOeRjLqL_Z9cJN1rviUBpJYmUZvpnzE7B5-5Y8-mc89xZJryuuuq/s728/Gold+Price+the+exchange+business.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="309" data-original-width="728" height="170" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiFNXOiLACCNyoUIxV8znFavWhClZq0_fSO2G0DB8Gx2xkIlmfWdpHfjYddb2Z_3OBz8Ev3qnGaSUzKYUkbI0gRujeBpOeRjLqL_Z9cJN1rviUBpJYmUZvpnzE7B5-5Y8-mc89xZJryuuuq/w400-h170/Gold+Price+the+exchange+business.PNG" width="400" /></a></div><br /><div><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-size: 1rem; font-style: italic;">Source – Trading Economics</span></p><h2 class="article-subheader" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 1.3rem; line-height: 1.2; margin: 1rem 0px; text-transform: uppercase;">FALLING REAL YIELDS, RISING INFLATION EXPECTATIONS TO NURTURE BULLION’S REBOUND</h2><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-size: 1rem;">The recent breakdown in gold’s relationship with real yields and inflation expectations could also imply that bullion’s turn lower was driven more by portfolio repositioning, than a true shift in overall market sentiment.</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-size: 1rem;">After all, as a non-yielding asset, gold prices tend to move higher on the back of falling real rates of return.</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-size: 1rem;">Gold is also widely considered a hedge against inflation and may continue to benefit from rising inflation expectations in the medium-term.</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-size: 1rem;">Therefore, prices may recover in the coming weeks on the back of falling real yields and rising consumer price growth expectations.</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEghFR6DiypnXYKub7Sn6DjMCWBy0kcpRoP3K9qsN6-fIyk9_shBwGpZSpuQqrqVUcghyphenhyphen9D3je_mPnoZQFNBSlpaUzjTlrQS2IynkFG1kITnb6C25NAdg5sZK6QssDmLJilh5jdByJcgO2A0/s762/Gold+Price+Exchange+business.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="237" data-original-width="762" height="125" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEghFR6DiypnXYKub7Sn6DjMCWBy0kcpRoP3K9qsN6-fIyk9_shBwGpZSpuQqrqVUcghyphenhyphen9D3je_mPnoZQFNBSlpaUzjTlrQS2IynkFG1kITnb6C25NAdg5sZK6QssDmLJilh5jdByJcgO2A0/w400-h125/Gold+Price+Exchange+business.PNG" width="400" /></a></div><br /><p></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-size: 1rem; font-style: italic;">Data Source – Bloomberg</span></p><h2 class="article-subheader" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 1.3rem; line-height: 1.2; margin: 1rem 0px; text-transform: uppercase;">NON-FARM PAYROLLS, NOVEMBER PMI FIGURES</h2><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-size: 1rem;">Looking ahead, a flurry of PMI figures out of the US for November will be intently scrutinized by market participants to assess how the world’s largest economy is coping with a third-wave of infections, ahead of the volatility-inducing non-farm payrolls report.</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-size: 1rem;">Better-than-expected data may diminish the need for additional monetary support and in turn cap the yellow metal’s upside potential.</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-size: 1rem;"></span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"><span class="gsstx" style="box-sizing: border-box; font-size: 1rem;">Conversely, disappointing economic data prints could put a premium on gold if investors begin to price in further easing from the Federal Reserve.</span></p><p class="gsstx" style="background-color: white; box-sizing: border-box; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0.75rem 0px; text-align: justify;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhGmGGbRSbSrnCG99wX7PoUFZ6DmwcXVRhobDoSXJvh47-JMBxNPdCu31syqQtJ_PWnFOw9LmH1A2E55AhCWaFP6RddSGtSWdTJg95MWzwMRfZ6016e0ILoZJMzmh3gKMYxO-1QVbnIuAy1/s755/Gold+Price+Forex+market+Exchange+Business.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="218" data-original-width="755" height="115" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhGmGGbRSbSrnCG99wX7PoUFZ6DmwcXVRhobDoSXJvh47-JMBxNPdCu31syqQtJ_PWnFOw9LmH1A2E55AhCWaFP6RddSGtSWdTJg95MWzwMRfZ6016e0ILoZJMzmh3gKMYxO-1QVbnIuAy1/w400-h115/Gold+Price+Forex+market+Exchange+Business.PNG" width="400" /></a></div><br /><span class="gsstx" style="box-sizing: border-box; font-size: 1rem;"></span><p></p><h1 class="dfx-articleHead__header m-0" style="background-color: white; box-sizing: border-box; font-family: "Cantata One", Georgia, "Times New Roman", serif; font-size: 2rem; font-weight: 500; line-height: 1.2; margin: 0px !important; padding-bottom: 0.75rem; text-shadow: rgba(0, 0, 0, 0.5) 0px 1px 3px; transition: font-size 0.3s ease-in 0s;"><u><span style="color: #2b00fe;">Gold Price Forecast: Dovish FOMC Could Underpin Bullion Ahead of NFP</span></u></h1></div>Forex Trading (Signals)http://www.blogger.com/profile/14616873289380255102noreply@blogger.com0tag:blogger.com,1999:blog-1024056890766486128.post-78947196405583333592020-11-26T11:05:00.000+05:302020-11-26T11:05:10.864+05:30Dollar Losses Put On Hold But Long Term Outlook Tilts To Downside<p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEix7j-RFXkg0mmOQsxQ6AvIDg0mX6GA-BWFil0Pus9CwTiuU7WsCHwr0Hy7Kqp_a8-74xEaDVAV19R1C8wX4x3f4PgU7WO7Ez3Zz3ZDe_BEROXxX5Wsn8elM0Zf-jdt4l-8EO5XrLxgCh2Z/s800/Dollar+losses+put+on+hold+but+long-term+outlook+tilts+to+downside.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Dollar losses put on hold but long-term outlook tilts to downside" border="0" data-original-height="555" data-original-width="800" height="278" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEix7j-RFXkg0mmOQsxQ6AvIDg0mX6GA-BWFil0Pus9CwTiuU7WsCHwr0Hy7Kqp_a8-74xEaDVAV19R1C8wX4x3f4PgU7WO7Ez3Zz3ZDe_BEROXxX5Wsn8elM0Zf-jdt4l-8EO5XrLxgCh2Z/w400-h278/Dollar+losses+put+on+hold+but+long-term+outlook+tilts+to+downside.jpg" title="Dollar losses put on hold but long-term outlook tilts to downside" width="400" /></a></div><br /><p></p><p><span style="background-color: white; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 34px;"><span style="color: #2b00fe;">Dollar losses put on hold but long-term outlook tilts to downside</span></span></p><div><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">TOKYO (Reuters) - The dollar was on the defensive on Thursday as downbeat U.S. economic data and optimism about corona-virus vaccines prompted investors to seek out riskier assets tied to global commodities and emerging markets.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">The British pound traded near a more than two-month high against the dollar as investors awaited details on trade talks between Britain and the European Union this week.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">The dollar's fall has been so rapid that it could rebound in the short term, market watchers said, but some investors still expect a decline over the longer term as they shift positions in expectation that the corona-virus outbreak will wane next year.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">"A China-led recovery in the global economy and commodities should benefit commodities currencies," said Masafumi Yamamoto, chief currency strategist at Mizuho Securities in Tokyo.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">"The outlook is good, but we are reaching levels where authorities might feel some concern. Other emerging market currencies with good fundamentals should benefit."</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">Against the euro, the dollar stood at $1.1926, close to its weakest in more than two months.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">Sterling bought $1.3392, which is near its strongest level since Sept. 2. The pound held steady at 89.02 pence per euro.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">The dollar was little changed at 104.32 yen.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">Investors have rushed to riskier currencies and emerging-market assets in recent weeks after positive data on COVID-19 vaccine efficacy and signs of stability in U.S. politics, which has weighed broadly on the dollar.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">Sentiment for the greenback took a hit after data on Wednesday showed weekly U.S. jobless claims rose more than expected and personal incomes fell.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">Some economists said more job losses are likely as many U.S. states reinforce restrictions on businesses to curb a spread of corona-virus infections.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">The <span class="aqPopupWrapper js-hover-me-wrapper" style="border: 0px; font: inherit; margin: 0px; padding: 0px; position: relative;">dollar index</span> against a basket of six other currencies was near the lowest in more than two months.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">In Asia, trading in the dollar was subdued because U.S. financial markets are closed later on Thursday for the Thanksgiving holiday.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">The <span class="aqPopupWrapper js-hover-me-wrapper" style="border: 0px; font: inherit; margin: 0px; padding: 0px; position: relative;">onshore yuan</span> rose to 6.5688 per dollar, resuming its advance toward a 29-month high set last week.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">The Australian dollar traded near its highest since September, supported by improving risk appetite and strong Chinese demand for the commodities that Australia exports.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px;">The New Zealand dollar traded near its strongest level in more than two years.</p></div><span style="background-color: white; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 12px;"></span>Forex Trading (Signals)http://www.blogger.com/profile/14616873289380255102noreply@blogger.com0tag:blogger.com,1999:blog-1024056890766486128.post-32299462168176877422020-11-24T12:17:00.001+05:302020-11-24T12:17:39.610+05:30Dollar Down Over U.S. Election Clarity, More Positive COVID-19 Vaccine News<p style="text-align: center;"><span style="background-color: white; font-size: 17px;"><span style="color: #2b00fe; font-family: Arial, Helvetica, Nimbus Sans L, sans-serif;"></span></span></p><div class="separator" style="clear: both; text-align: center;"><span style="color: #2b00fe; font-family: Arial, Helvetica, Nimbus Sans L, sans-serif;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjtBj4c3c3baVH9g_FhFTrprGrFO2zWkT6sHvyrCJHLKDhplizuTROCR9-_kxz_YbmJcQwQSzmuWSAJ5SwXGGArxOAHXIu9R62NcRkYmTQHzjrprI0b4BHOWIT3gy9bOetiZL4kq1VMQopZ/s650/Dollar+Down+Over+U.S.+Election+Clarity%252C+More+Positive+COVID-19+Vaccine+News.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Dollar Down Over U.S. Election Clarity, More Positive COVID-19 Vaccine News" border="0" data-original-height="435" data-original-width="650" height="428" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjtBj4c3c3baVH9g_FhFTrprGrFO2zWkT6sHvyrCJHLKDhplizuTROCR9-_kxz_YbmJcQwQSzmuWSAJ5SwXGGArxOAHXIu9R62NcRkYmTQHzjrprI0b4BHOWIT3gy9bOetiZL4kq1VMQopZ/w640-h428/Dollar+Down+Over+U.S.+Election+Clarity%252C+More+Positive+COVID-19+Vaccine+News.jpg" title="Dollar Down Over U.S. Election Clarity, More Positive COVID-19 Vaccine News" width="640" /></a></span></div><span style="color: #2b00fe; font-family: Arial, Helvetica, Nimbus Sans L, sans-serif;"><br /><b><br /></b></span><p></p><p style="text-align: center;"><span style="background-color: white; font-size: 17px;"><span style="color: #2b00fe; font-family: Arial, Helvetica, Nimbus Sans L, sans-serif;"><b>Dollar Down Over U.S. Election Clarity, More Positive COVID-19 Vaccine News</b></span></span></p><p style="text-align: center;"><span style="background-color: white; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px;">Investing.com – The dollar was down on Tuesday morning in Asia, with riskier currencies boosted by the news that U.S. President-elect Joe Biden is set to nominate Janet Yellen as the U.S. Secretary of the Treasury.</span></p><p style="background-color: white; border: 0px; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;"><span style="color: #333333;">The </span><span class="aqPopupWrapper js-hover-me-wrapper" style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative;"><b><span style="color: #2b00fe;">U.S. Dollar Index</span></b></span><span style="color: #333333;"> that tracks the greenback against a basket of other currencies inched down 0.03% to 92.487 by 10:02 PM ET (2:02 AM GMT). The dollar saw its lowest level since Sep. 1 overnight, as clarity from November’s U.S. presidential election begins to emerge.</span></p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">However, analysts warned of a potential fresh downturn for the dollar should a conclusive break on the dollar index below support at around 92 occur.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">Yellen, a former Federal Reserve Chairman, will be the latest nomination to the Biden cabinet. Already hinting at how she will tackle her role, she called for increased government spending to boost the COVID-19-ravaged U.S. economy. She has also often cited growing U.S. economic inequality as a threat to U.S. values and the country’s future.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">Some investors welcomed the news.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">“One thing is for sure, and that is there are unlikely to be as many Fed-Treasury spats … those Fed lending facilities for municipal funding, the corporate bond market and Main Street will be coming back quickly after the December 31 expiration date,” MUFG Union Bank chief financial economist Chris Rupkey told Reuters.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">Rupkey was referring to incumbent Treasury Secretary Steven Mnuchin’s shock decision during the previous week to let some Fed lending programs expire at the end of the year. The decision sparked a feud with the Fed, led by incumbent Chairman Jerome Powell, who argued that the programs were vital in supporting the economy.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">Incumbent U.S. President Donald Trump’s go-ahead to General Services Administration head Emily Murphy to proceed with assisting the Biden administration's transition to government also increased risk appetite as the first steps towards acknowledging the election results. However, Trump is still planning to continue his legal challenges over the same results.</p><p style="background-color: white; border: 0px; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;"><span style="color: #333333;">On the </span><b><span style="color: #2b00fe;">COVID-19</span></b><span style="color: #333333;"> front, AstraZeneca (LON:</span><span class="aqPopupWrapper js-hover-me-wrapper" style="border: 0px; color: #333333; font: inherit; margin: 0px; padding: 0px; position: relative;">AZN</span><span style="color: #333333;">) in conjunction with the University of Oxford, is the latest company to report positive news for a vaccine candidate. The candidate, AZD122, met its primary endpoint in clinical trials that took place in the U.K and Brazil, the company said on Monday. Preparations are now underway to submit the data to authorities globally for conditional or early approvals.</span></p><p style="background-color: white; border: 0px; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;"><span style="color: #333333;">The </span><span class="aqPopupWrapper js-hover-me-wrapper" style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative;"><b><span style="color: #2b00fe;">USD/JPY</span></b></span><span style="color: #333333;"> pair inched up 0.02% to 104.56 as Japanese markets reopened after national holiday on Monday. The safe-haven yen is slowing reversing a slip of around 0.6% seen during the previous session.</span></p><p style="background-color: white; border: 0px; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;"><span style="color: #333333;">Both Antipodean risk currencies benefitted from the increased risk appetite. The </span><span class="aqPopupWrapper js-hover-me-wrapper" style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative;"><b><span style="color: #2b00fe;">AUD/USD</span></b></span><span style="color: #333333;"> pair was up 0.25% to 0.7304 and the </span><span class="aqPopupWrapper js-hover-me-wrapper" style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative;"><b><span style="color: #2b00fe;">NZD/USD</span></b></span><span style="color: #333333;"> pair gained 0.65% to 0.6966.</span></p><p style="background-color: white; border: 0px; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;"><span style="color: #333333;">The </span><span class="aqPopupWrapper js-hover-me-wrapper" style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative;"><b><span style="color: #2b00fe;">USD/CNY</span></b></span><span style="color: #333333;"> pair edged down 0.11% to 6.5777.</span></p><p style="background-color: white; border: 0px; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;"><span style="color: #333333;">The </span><span class="aqPopupWrapper js-hover-me-wrapper" style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative;"><b><span style="color: #2b00fe;">GBP/USD</span></b></span><span style="color: #333333;"> pair inched up 0.05% to 1.3330. The pound was staying close to a near 12-week high against the dollar thanks to investor bets that the U.K. and the European Union will finally seal a Brexit trade deal soon. Negotiations between the two parties continue this week, racing to beat the end-of-year deadline for a deal.</span></p>Forex Trading (Signals)http://www.blogger.com/profile/14616873289380255102noreply@blogger.com0tag:blogger.com,1999:blog-1024056890766486128.post-70485772927129667862020-11-23T10:11:00.002+05:302020-11-23T10:11:45.674+05:30Dollar Down, With COVID-19 Worries Overshadowing Prospect of Vaccine<div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgBandFxwyTsMxsmzGvb3-53KTAxy0Xm8r7drOwxxGAtaSgd8dUNlp-599JmpK7CMl9ooZifEknelCaoovvtdaifmjLJQeBsrbRkjHuGkEiix6xw1QfLN_wDhjDUJK2nqNGpC9CbGsSfjdl/s800/forex-news.jpg" style="display: block; padding: 1em 0px; text-align: center;"><img border="0" data-original-height="631" data-original-width="800" height="506" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgBandFxwyTsMxsmzGvb3-53KTAxy0Xm8r7drOwxxGAtaSgd8dUNlp-599JmpK7CMl9ooZifEknelCaoovvtdaifmjLJQeBsrbRkjHuGkEiix6xw1QfLN_wDhjDUJK2nqNGpC9CbGsSfjdl/w640-h506/forex-news.jpg" width="640" /></a><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgBandFxwyTsMxsmzGvb3-53KTAxy0Xm8r7drOwxxGAtaSgd8dUNlp-599JmpK7CMl9ooZifEknelCaoovvtdaifmjLJQeBsrbRkjHuGkEiix6xw1QfLN_wDhjDUJK2nqNGpC9CbGsSfjdl/s800/forex-news.jpg" style="display: block; padding: 1em 0px; text-align: center;"><span style="background-color: white; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; text-align: left;"><br /></span></a><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgBandFxwyTsMxsmzGvb3-53KTAxy0Xm8r7drOwxxGAtaSgd8dUNlp-599JmpK7CMl9ooZifEknelCaoovvtdaifmjLJQeBsrbRkjHuGkEiix6xw1QfLN_wDhjDUJK2nqNGpC9CbGsSfjdl/s800/forex-news.jpg" style="display: block; padding: 1em 0px; text-align: center;"><span style="background-color: white; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; text-align: left;"><b>Investing.com – The dollar was down on Monday morning in Asia, with optimism over a potential early rollout of COVID-19 vaccines offset by global economic restrictions to curb the spread of the virus</b>.</span></a><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px;">The <span class="aqPopupWrapper js-hover-me-wrapper" style="border: 0px; font: inherit; margin: 0px; padding: 0px; position: relative;"><a class="aqlink js-hover-me" data-pairid="8827" hoverme="aql" href="https://www.investing.com/currencies/us-dollar-index" id="5fbb3af27d0e8" style="background-color: #f2f2f2; border: 0px; color: #1256a0; display: inline; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 1.2em; margin: 0px; outline: none; padding: 0px 1px; text-decoration-line: none; white-space: nowrap;">U.S. Dollar Index</a></span>, which tracks the greenback against a basket of other currencies slipped 0.34% to 103.145 by 12:12 AM ET (4:12 AM GMT).</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">The FDA is looking to grant approval in mid-December for distribution of BNT162b2, the vaccine candidate produced by <span itemscope="" itemtype="http://schema.org/Corporation" style="border: 0px; font: inherit; margin: 0px; padding: 0px;">Pfizer </span>Inc (NYSE:<span class="aqPopupWrapper js-hover-me-wrapper" style="border: 0px; font: inherit; margin: 0px; padding: 0px; position: relative;"><a class="aqlink js-hover-me" data-pairid="7989" hoverme="aql" href="https://www.investing.com/equities/pfizer" id="5fbb3af27d2fd" style="background-color: #f2f2f2; border: 0px; color: #1256a0; display: inline; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 1.2em; margin: 0px; outline: none; padding: 0px 1px; text-decoration-line: none; white-space: nowrap;">PFE</a></span>) and German partner BioNTech (F:<span class="aqPopupWrapper js-hover-me-wrapper" style="border: 0px; font: inherit; margin: 0px; padding: 0px; position: relative;"><a class="aqlink js-hover-me" data-pairid="1163368" hoverme="aql" href="https://www.investing.com/equities/biontech-se?cid=1163368" id="5fbb3af27d3bf" style="background-color: #f2f2f2; border: 0px; color: #1256a0; display: inline; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 1.2em; margin: 0px; outline: none; padding: 0px 1px; text-decoration-line: none; white-space: nowrap;">22UAy</a></span>), chief scientific adviser for “Operation Warp Speed” Moncef Slaoui said. The first people in the U.S. could be inoculated a day after the approval.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px;">The U.K. could also grant regulatory approval to BNT162b2 this week.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">However, millions of Americans are expected to flout warnings to stay home for the upcoming Thanksgiving holiday, raising fears that the mass movement could increase the number of second wave cases in the country exponentially. Across the Atlantic, Germany, dealing with its own second wave, could see its current lockdown extended until mid-December.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">The lack of consensus in the U.S. Congress concerning a deal on the latest stimulus measures has also led to speculations that the Federal Reserve could ease monetary policy even further. The spat between the Fed and the Treasury Department over the termination of some emergency lending programs during the previous week also fed this speculation.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">The minutes of the Fed’s last policy meeting, to be released on Wednesday, will now be scrutinized for confirmation that Fed policymakers discussed adding to the central bank’s asset-buying plans.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px;">“The minutes should help gauge whether our call for a lengthening of the maturity mix as soon as the December meeting remains on track,” TD Securities analysts said in a note.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px;">The <span class="aqPopupWrapper js-hover-me-wrapper" style="border: 0px; font: inherit; margin: 0px; padding: 0px; position: relative;"><a class="aqlink js-hover-me" data-pairid="5" hoverme="aql" href="https://www.investing.com/currencies/aud-usd" id="5fbb3af27d487" style="background-color: #f2f2f2; border: 0px; color: #1256a0; display: inline; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 1.2em; margin: 0px; outline: none; padding: 0px 1px; text-decoration-line: none; white-space: nowrap;">AUD/USD</a></span> pair lost 0.59% to 0.5763 and the <span class="aqPopupWrapper js-hover-me-wrapper" style="border: 0px; font: inherit; margin: 0px; padding: 0px; position: relative;"><a class="aqlink js-hover-me" data-pairid="8" hoverme="aql" href="https://www.investing.com/currencies/nzd-usd" id="5fbb3af27d52f" style="background-color: #f2f2f2; border: 0px; color: #1256a0; display: inline; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 1.2em; margin: 0px; outline: none; padding: 0px 1px; text-decoration-line: none; white-space: nowrap;">NZD/USD</a></span> pair X X% to X</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px;">The <span class="aqPopupWrapper js-hover-me-wrapper" style="border: 0px; font: inherit; margin: 0px; padding: 0px; position: relative;"><a class="aqlink js-hover-me" data-pairid="2111" hoverme="aql" href="https://www.investing.com/currencies/usd-cny" id="5fbb3af27d5f3" style="background-color: #f2f2f2; border: 0px; color: #1256a0; display: inline; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 1.2em; margin: 0px; outline: none; padding: 0px 1px; text-decoration-line: none; white-space: nowrap;">USD/CNY</a></span> pair X 0.05% to 7.0983 and the <span class="aqPopupWrapper js-hover-me-wrapper" style="border: 0px; font: inherit; margin: 0px; padding: 0px; position: relative;"><a class="aqlink js-hover-me" data-pairid="2" hoverme="aql" href="https://www.investing.com/currencies/gbp-usd" id="5fbb3af27d6a0" style="background-color: #f2f2f2; border: 0px; color: #1256a0; display: inline; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 1.2em; margin: 0px; outline: none; padding: 0px 1px; text-decoration-line: none; white-space: nowrap;">GBP/USD</a></span> pair gained 0.13% to 1.1656</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">The <span class="aqPopupWrapper js-hover-me-wrapper" style="border: 0px; font: inherit; margin: 0px; padding: 0px; position: relative;"><a class="aqlink js-hover-me" data-pairid="3" hoverme="aql" href="https://www.investing.com/currencies/usd-jpy" id="5fbb3af27d73e" style="background-color: #f2f2f2; border: 0px; color: #1256a0; display: inline; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 1.2em; margin: 0px; outline: none; padding: 0px 1px; text-decoration-line: none; white-space: nowrap;">USD/JPY</a></span> pair was down 0.6% to 110.14. Japanese markets are closed for a holiday, resulting in sparse liquidity and investor reluctance to test major chart barriers on several dollar pairs.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px; text-align: justify;">Meanwhile, the euro edged up against the dollar, but continues a struggle to break above the $1.993 resistance level that it also failed to breach during the previous week.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px;">However, some investors remain bullish on the single currency’s longer-term outlook.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px;">“We think that the exchange rate will rise further over the next few years against a backdrop of lower euro-zone stability risks; an increased real yield gap between the euro-zone and the U.S.; and a continued recovery in the global economy,” Capital Economics analysts said in a note.</p><p style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, "Nimbus Sans L", sans-serif; font-size: 17px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 15px 0px 0px; overflow-wrap: break-word; padding: 0px;">The note also raised its forecasts for the euro, now seeing it at $1.2500 by the end of 2021 and $1.3000 at the close of 2022, against the previous $1.2000 and $1.2500 respectively.</p></div>Forex Trading (Signals)http://www.blogger.com/profile/14616873289380255102noreply@blogger.com0tag:blogger.com,1999:blog-1024056890766486128.post-13175426682267056262020-10-07T12:49:00.005+05:302020-10-07T12:49:51.783+05:30European Markets Seen Mixed; New U.S. Relief Package Just Delayed?<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjVafupuKGTYgmJkXMe2BEbuWX6sa8MhzQ0ldBX-D21_mWafhIY-0bGsjSHLBWpB4e7t5NFoyywlxcToWYpYIWLwQny_UofOaXd3djKo8PUrPIQhseuul3gULacLE0Hq8naoaNVJ8cMKbMl/s800/Europe.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;" target="_blank"><img alt="European stock markets" border="0" data-original-height="533" data-original-width="800" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjVafupuKGTYgmJkXMe2BEbuWX6sa8MhzQ0ldBX-D21_mWafhIY-0bGsjSHLBWpB4e7t5NFoyywlxcToWYpYIWLwQny_UofOaXd3djKo8PUrPIQhseuul3gULacLE0Hq8naoaNVJ8cMKbMl/w320-h213/Europe.jpg" title="European stock markets" width="320" /></a></div><br /><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Investing.com - European stock markets are seen opening mixed Wednesday, as investors digest the news that President Donald Trump has ended negotiations over a new coronavirus aid package.</div><div style="text-align: justify;"><br />At 2:05 AM ET (0605 GMT), the DAX futures contract in Germany traded 0.9% higher, CAC 40 futures in France fell 0.2% and the FTSE 100 futures contract in the U.K. was flat. </div><div style="text-align: justify;"><br />President Donald Trump ended talks on Tuesday with Democrats on a new stimulus package for his pandemic-hit country, tweeting that after he wins the presidential election in November “we will pass a major Stimulus Bill that focuses on hardworking Americans and Small Business.” <span><a name='more'></a></span></div><div style="text-align: justify;"><br />While this news hit Wall Street hard late Tuesday, European markets appear to be more sanguine in their reaction, taking in that Trump is still looking for a stimulus package if he wins in November.<br />"There are a couple of ways we still get stimulus," since both contenders are promising it., said ING's chief economist in Asia, Rob Carnell. "But none of them occur before the election now." </div><div style="text-align: justify;"><br />"One way or another we're going to get some stimulus, it's just we're not going to get it now - so we'll tread water for a bit."</div><div style="text-align: justify;"><br />Earlier Tuesday, Federal Reserve Chair Jerome Powell called once more for additional fiscal support from the government, warning of the risks if authorities did too little to support the economic rebound.<br />Meanwhile, the total coronavirus cases approaches 39 million globally, with parts of Europe still suffering badly from a second wave of the virus, despite signs of the infection curve flattening again in countries such as Spain and Italy.</div><div style="text-align: justify;"><br />This fresh bout of Covid-19 risks delaying the euro zone's economic recovery, European Central Bank President Christine Lagarde said on Tuesday.</div><div style="text-align: justify;"><br />"We now fear that the containment measures that have to be taken by authorities will have an impact on this recovery, so instead of that V shape that we all long for and hope for, we fear that it might have that second arm of the V a little bit more shaky," she said.</div><div style="text-align: justify;"><br />The latest German industrial production release put this into perspective, falling 0.2% in August compared with the expected 1.5% gain. </div><div style="text-align: justify;"><br />Oil prices slumped Wednesday, weighed by the reduced likelihood of a new coronavirus relief package as well as a larger-than-expected build in crude oil supplies.</div><div style="text-align: justify;"><br />The American Petroleum Institute reported a build in U.S. oil inventories of 951,000 barrels last week, compared with the 831,000-barrel draw expected, raising doubts about the recovery of demand in the country, the largest consumer of oil in the world.</div><div style="text-align: justify;"><br />Investors now await data from the U.S. Energy Information Administration, due later in the day.<br />U.S. crude futures traded 1.4% lower at $40.10 a barrel, while the international benchmark Brent contract fell 1.2% to $42.16.</div><div style="text-align: justify;"><br />Elsewhere, gold futures fell 0.9% to $1,891.40/oz, while EUR/USD traded 0.1% higher at 1.1738.<br />European Markets Seen Mixed; New U.S. Relief Package Just Delayed?</div>Forex Trading (Signals)http://www.blogger.com/profile/14616873289380255102noreply@blogger.com0United States37.09024 -95.7128918.780006163821156 -130.869141 65.400473836178847 -60.556641tag:blogger.com,1999:blog-1024056890766486128.post-91608084671154342492020-10-07T12:40:00.001+05:302020-10-07T12:40:41.989+05:30Wall Street jumps on stimulus hopes, hints of Trump's return to White House...<div style="text-align: justify;"><div class="separator" style="clear: both; text-align: center;"><a href="https://www.investing.com/news/stock-market-news/futures-bounce-on-stimulus-hopes-hints-of-trump-hospital-discharge-2315562?fbclid=IwAR25DY_fjx5rYxLWMhd3D65DForcL8LPJvhHKEzESuMvon-h4WPZDQHaxKo" imageanchor="1" style="margin-left: 1em; margin-right: 1em;" target="_blank"><img alt="https://www.investing.com/news/stock-market-news/futures-bounce-on-stimulus-hopes-hints-of-trump-hospital-discharge-2315562?fbclid=IwAR25DY_fjx5rYxLWMhd3D65DForcL8LPJvhHKEzESuMvon-h4WPZDQHaxKo" border="0" data-original-height="450" data-original-width="800" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiQo6__Y3L4AKYh36r4vLfixpKFeX4elGEipZ3J2H22aCI_g3HS2mJtRTHeHSP7HGouDn3mGIvIduPrPTSfNPaL5aW7Jtn-3TMKr-RmDV84v_63uJ9OIPxsqm9gsUIOmK9fQlv7n0gJ1RHO/w400-h225/Amrica.jpg" title="New York Stock Exchange" width="400" /></a></div><br /><span style="color: #1c1e21; font-family: Helvetica, Arial, sans-serif; font-size: 14px;"><br /></span></div><div style="text-align: justify;"><span style="color: #1c1e21; font-family: Helvetica, Arial, sans-serif; font-size: 14px;">(Reuters) - Wall Street's main indexes jumped on Monday, recovering from a sharp fall in the previous session as hints President Donald Trump could return to the White House and hopes of a new fiscal stimulus bill lifted sentiment.</span></div><div style="text-align: justify;"><span style="color: #1c1e21; font-family: Helvetica, Arial, sans-serif; font-size: 14px;"><br /></span><span style="color: #1c1e21; font-family: Helvetica, Arial, sans-serif; font-size: 14px;">Although Trump's medical condition remained unclear as he began a fourth day at the military hospital where he is being treated for COVID-19, his doctors have said he could be discharged as soon as Monday.<br /></span><span style="color: #1c1e21; font-family: Helvetica, Arial, sans-serif; font-size: 14px;">Ten of the 11 major S&P indexes were up, with energy (SPNY), the worst performing sector this year, rising 1.7%. Materials (SPLRCM) and financials (SPSY) were also among the biggest gainers in morning trading.<br /></span><span style="color: #1c1e21; font-family: Helvetica, Arial, sans-serif; font-size: 14px;">Shares of Regeneron Pharmaceuticals Inc (O:REGN) jumped 6.1% after Trump's physician said he had been treated with an intravenous dose of Regeneron's dual antibody treatment. The wider healthcare index (SPXHC) added 1.7%.<span><a name='more'></a></span></span></div><div style="text-align: justify;"><span style="color: #1c1e21; font-family: Helvetica, Arial, sans-serif; font-size: 14px;"><br /></span><span style="color: #1c1e21; font-family: Helvetica, Arial, sans-serif; font-size: 14px;">"One of his treatments was an experimental drug from Regeneron (and) that's showing that this could be a major component to treatments moving forward for people," said Thomas Hayes, chairman at Great Hill Capital LLC in New York.</span></div><div style="text-align: justify;"><span style="color: #1c1e21; font-family: Helvetica, Arial, sans-serif; font-size: 14px;"><br /></span><span style="color: #1c1e21; font-family: Helvetica, Arial, sans-serif; font-size: 14px;">Doubts about the scale of further fiscal aid and a slowing economic recovery have weighed on the S&P 500 recently, with the benchmark index in September logging its worst month since the coronavirus-driven crash earlier this year.</span></div><div style="text-align: justify;"><span style="color: #1c1e21; font-family: Helvetica, Arial, sans-serif; font-size: 14px;"><br /></span><span style="color: #1c1e21; font-family: Helvetica, Arial, sans-serif; font-size: 14px;">But latest data showed the services industry's activity picked up in September, pulling above a level that prevailed before the pandemic struck the United States.</span></div><div style="text-align: justify;"><span style="color: #1c1e21; font-family: Helvetica, Arial, sans-serif; font-size: 14px;"><br /></span><span style="color: #1c1e21; font-family: Helvetica, Arial, sans-serif; font-size: 14px;">Further aiding the mood, White House Chief of Staff Mark Meadows said there was still potential to reach agreement with U.S. lawmakers on more coronavirus relief and that Trump was committed to getting the deal done.</span></div><div style="text-align: justify;"><span style="color: #1c1e21; font-family: Helvetica, Arial, sans-serif; font-size: 14px;"><br /></span><span style="color: #1c1e21; font-family: Helvetica, Arial, sans-serif; font-size: 14px;">"The market has really traded on stimulus news, both to the high side and to the low side over the past few months," said Ross Mayfield, investment strategy analyst at Baird.</span></div><div style="text-align: justify;"><span style="color: #1c1e21; font-family: Helvetica, Arial, sans-serif; font-size: 14px;"><br /></span><span style="color: #1c1e21; font-family: Helvetica, Arial, sans-serif; font-size: 14px;">"The need for that stimulus is becoming more and more evident. While it might boost markets a little bit, the real economy is showing that it's necessary to really take this recovery up another level."</span></div><div style="text-align: justify;"><span style="color: #1c1e21; font-family: Helvetica, Arial, sans-serif; font-size: 14px;"><br /></span><span style="color: #1c1e21; font-family: Helvetica, Arial, sans-serif; font-size: 14px;">At 11:32 a.m. ET, the Dow Jones Industrial Average (DJI) was up 1.30%, the S&P 500 (SPX) was up 1.37% and the Nasdaq Composite (IXIC) was up 1.70%.</span></div><div style="text-align: justify;"><span style="color: #1c1e21; font-family: Helvetica, Arial, sans-serif; font-size: 14px;"><br /></span><span style="color: #1c1e21; font-family: Helvetica, Arial, sans-serif; font-size: 14px;">Heavyweight tech-related stocks including Apple Inc (O:AAPL), Nvidia Corp (O:NVDA), Amazon.com Inc (O:AMZN) and Microsoft Corp (O:MSFT) were up between 1.4% and 2.2% after weighing heavily on the Nasdaq (IXIC) on Friday.</span></div><div style="text-align: justify;"><span style="color: #1c1e21; font-family: Helvetica, Arial, sans-serif; font-size: 14px;"><br /></span><span style="color: #1c1e21; font-family: Helvetica, Arial, sans-serif; font-size: 14px;">The S&P banking subindex <.SPXBK> rose 1.8% as the U.S. Treasury 30-year yield hit its highest since late August.</span></div><div style="text-align: justify;"><span style="color: #1c1e21; font-family: Helvetica, Arial, sans-serif; font-size: 14px;"><br /></span><span style="color: #1c1e21; font-family: Helvetica, Arial, sans-serif; font-size: 14px;">Real estate <.SPLRCR> - considered a defensive play - was the only S&P sector in the red.</span></div><div style="text-align: justify;"><span style="color: #1c1e21; font-family: Helvetica, Arial, sans-serif; font-size: 14px;"><br /></span><span style="color: #1c1e21; font-family: Helvetica, Arial, sans-serif; font-size: 14px;">MyoKardia Inc (O:MYOK) surged 58.0% after Bristol-Myers Squibb Co (N:BMY) said it would buy the company for about $13 billion. Shares of Bristol-Myers rose 0.7%.</span></div><div style="text-align: justify;"><span style="color: #1c1e21; font-family: Helvetica, Arial, sans-serif; font-size: 14px;"><br /></span><span style="color: #1c1e21; font-family: Helvetica, Arial, sans-serif; font-size: 14px;">Advancing issues outnumbered decliners more than 3-to-1 on the NYSE and the Nasdaq.</span></div><div style="text-align: justify;"><span style="color: #1c1e21; font-family: Helvetica, Arial, sans-serif; font-size: 14px;"><br /></span><span style="color: #1c1e21; font-family: Helvetica, Arial, sans-serif; font-size: 14px;">The S&P index recorded 22 new 52-week highs and no new low, while the Nasdaq recorded 88 new highs and seven new lows.</span></div>Forex Trading (Signals)http://www.blogger.com/profile/14616873289380255102noreply@blogger.com0United States37.09024 -95.7128918.780006163821156 -130.869141 65.400473836178847 -60.556641tag:blogger.com,1999:blog-1024056890766486128.post-41378159199505284602020-10-05T17:37:00.003+05:302020-10-05T17:43:24.329+05:30Forex Trading Understanding...<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhlqgGOhQoYIE0BQf-rCv4vN7sFgnuvVnFfmbpaEPzFwU3iGaG6SF9QZUJQRzvfGi09JddMg0hI417ypnnOOZ8gCBjoOySApHsnIxXVy1OyTLadLu0INTL_DgybU1rkCIs0eejLSCzXVKOm/s1280/WHAT+IS+FOREX.jpg" imageanchor="1" rel="nofollow" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1032" data-original-width="1280" height="323" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhlqgGOhQoYIE0BQf-rCv4vN7sFgnuvVnFfmbpaEPzFwU3iGaG6SF9QZUJQRzvfGi09JddMg0hI417ypnnOOZ8gCBjoOySApHsnIxXVy1OyTLadLu0INTL_DgybU1rkCIs0eejLSCzXVKOm/w400-h323/WHAT+IS+FOREX.jpg" width="400" /></a></div><br /><p style="text-align: justify;"><br /></p><p style="text-align: justify;">Forex is a portmanteau of foreign currency and exchange. Foreign exchange is the process of changing one currency into another currency for a variety of reasons, usually for commerce, trading, or tourism. According to a recent triennial report from the Bank for International Settlements (a global bank for national central banks), the average was more than $5.1 trillion in daily forex trading volume.<span></span></p><a name='more'></a><p></p><h2 style="text-align: justify;">What Is the Forex Market?</h2><p style="text-align: justify;">The foreign exchange market is where currencies are traded. Currencies are important to most people around the world, whether they realize it or not, because currencies need to be exchanged in order to conduct foreign trade and business. If you are living in the U.S. and want to buy cheese from France, either you or the company that you buy the cheese from has to pay the French for the cheese in euros (EUR). This means that the U.S. importer would have to exchange the equivalent value of U.S. dollars (USD) into euros. The same goes for traveling. A French tourist in Egypt can't pay in euros to see the pyramids because it's not the locally accepted currency. As such, the tourist has to exchange the euros for the local currency, in this case the Egyptian pound, at the current exchange rate.</p><p style="text-align: justify;">One unique aspect of this international market is that there is no central marketplace for foreign exchange. Rather, currency trading is conducted electronically over-the-counter (OTC), which means that all transactions occur via computer networks between traders around the world, rather than on one centralized exchange. The market is open 24 hours a day, five and a half days a week, and currencies are traded worldwide in the major financial centers of London, New York, Tokyo, Zurich, Frankfurt, Hong Kong, Singapore, Paris and Sydney—across almost every time zone. This means that when the trading day in the U.S. ends, the forex market begins anew in Tokyo and Hong Kong. As such, the forex market can be extremely active any time of the day, with price quotes changing constantly.</p>Forex Trading (Signals)http://www.blogger.com/profile/14616873289380255102noreply@blogger.com0Dubai - United Arab Emirates25.2048493 55.2707828-3.1053845361788461 20.1145328 53.515083136178845 90.4270328