Brent touches $45/bbl on vaccine hopes and U.S. crude drawdown
NEW YORK (Nov 12): Global oil benchmark Brent rose on Wednesday, briefly touching a more than two-month high above $45 a barrel on hopes of…
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Asian stocks hold vaccine-driven gains after U.S. defensive shift
BOSTON (Nov 12): Stocks in Asia were set to continue their gains on Thursday, buoyed again by continued global stimulus efforts and hopes of a…
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XE Market Analysis: Europe – Nov 10, 2020
The main currencies have settled in comparatively narrow ranges after yesterday’s outsized rally in dollar bloc and other commodity-correlating currencies against the yen. The dollar has also settled after rising by over 2% versus the yen and, by to a much more moderate extent, against the euro and other European currencies, which collectively found themselves […]
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XE Market Analysis: North America – Nov 10, 2020
A rally in the pound punctuated an otherwise directionally uninteresting session during the London morning, with the forex market largely in consolidate mood after yesterday’s outsized rally in dollar bloc and other commodity-correlating currencies against the yen. The strong global stock market rally flagged, and the rotation out of big tech continued, with Nasdaq futures […]
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XE Market Analysis: Asia – Nov 10, 2020
The Dollar remained relatively firm in N.Y. trade on Tuesday, managing a four-session high. The DXY traded to 92.97 highs on an intraday basis, just above Monday’s peak. There was little in the way of news or data to drive the FX market, though Monday’s good news on the vaccine front, and prospects for a […]
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New Zealand Dollar Outlook: NZD/USD, NZD/JPY, GBP/NZD, NZD/CHF
The New Zealand Dollar could be poised to extend gains against its major counterparts, with multiple bullish technical setups seen across several NZD crosses.
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Australian Dollar Technical Forecast: AUD/USD, AUD/CAD, AUD/NZD, AUD/CHF
The Australian Dollar may climb against the US Dollar, but it’s struggling to do the same against the Canadian Dollar. AUD/NZD could fall as AUD/CHF remains in range-bound trade.
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EUR/CHF IG Client Sentiment: Our data shows traders are now net-short EUR/CHF for the first time since Jun 11, 2020 when EUR/CHF traded near 1.07.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/CHF-bullish contrarian trading bias.
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DAX 30, CAC 40 Technical Analysis: Sharp Surge Changes Outlook
The European indices burst from multi-month lows in recent sessions; has important top-side levels in play.
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Euro Outlook: EUR/USD Breakout Fails Resistance- Election Rally Over?
Euro snapped a four-day winning streak yesterday with price reversing off the 2020 high-day close. These are the levels that matter on the EUR/USD technical charts.