Stock Market & Investment News
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EUR/GBP IG Client Sentiment: Our data shows traders are now net-long EUR/GBP for the first time since Dec 18, 2020 when EUR/GBP traded near 0.91.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bearish contrarian trading bias.
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Euro Technical Forecast 1Q 2021: EUR/USD Pullback After Breakout?
The Euro seems to have broken a 12-year downtrend against the US Dollar but a pullback may follow to start 2021 before any upside follow-through materializes.
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Equities Technical Forecast 1Q 2021: Will the 'Santa Rally' Carry Into Next Year?
Wall Street stocks poised to finish the year on strong footing as investors pour into risk assets in view of a vaccine-led global recovery against the backdrop of ultra-loose monetary environment.
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US Dollar Q1 2021 Forecast: US Dollar Evening Star Drives into Fresh Two-Year-Lows
It was a brutal showing in the US Dollar during the last eight months of 2020. But the big level of critical importance is still lurking below.
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XE Market Analysis: North America – Dec 30, 2020
The DXY dollar index posted a new 32-month low at 89.68, while EUR-USD concurrently printed a 32-month high at 1.2295. USD-JPY saw a nine-day low, at 103.12. The pair’s near-10-month low, seen on December 17th, is at 102.88. The Australian and New Zealand dollars posted respective 30- and 32-month highs against their U.S. peer. AUD-JPY […]
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XE Market Analysis: Asia – Dec 30, 2020
The Dollar was lower in N.Y. on Wednesday, seeing the DXY hit new 33-month lows of 89.56 early in the session, down from 90.02 after the close on Tuesday. The greenback later recovered modestly in light afternoon trade. Prospects for further fiscal stimulus weighed on the USD, while softer incoming data didn’t help either. The […]
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