December 17, 2020 2:29 AM PST
Markets Week Ahead: GBP/USD
Equities in the US, Europe and Asia
Pacific region aimed mostly higher this past week as the world inched
closer towards the first doses of a coronavirus vaccine. Still, the
tech-heavy Nasdaq Composite outperformed the Dow Jones Industrial
Average. Investors welcomed progress from the US towards a $908b Covid
relief package and an omnibus bill to avoid a government shutdown.To get
more news about [url=https://www.wikifx.com/]WikiFX[/url], you can visit wikifx official website.
The haven-linked US Dollar largely underperformed, dipping to beyond
2-year lows alongside the anti-risk Japanese Yen. The Euro soared as the
British Pound wobbled on ongoing Brexit headlines. Gold prices climbed
as crude oil reaped the benefits of an OPEC+ agreement to begin tapering
cuts starting in January by a smaller-than-anticipated amount.
The
US and UK could begin distributing a vaccine, with the former looking to
authorization from the FDA on Thursday. For the British Pound, Brexit
talks could conclude this week after negotiations paused, opening the
door to volatility if things take a turn for the worse. The Euro is
eyeing the ECB rate decision where the central bank may increase
bond-buying operations.
EUR/USD is also facing the deadline for an
EU (US$)2.2 trillion stimulus deal. Sentiment/consumer confidence data
will cross the wires from the Eurozone, Germany, Australia and the US in
the week ahead. Rising Covid cases in the latter have been prompting
local officials to tighten lockdowns in parts of the country. Might
fading confidence derail risk appetite？
After the recent strength of
EUR/USD, a period of consolidation is likely ahead of two critical
meetings: of the European Central Bank and the European Council.
Australian Dollar May Extend Gains Despite Escalating China Trade Tensions
The Australian Dollar may dismiss escalating trade tensions with
China and continue moving higher as the easing of coronavirus
restrictions accelerates the nations economic recovery.
S&P 500 May Be Vulnerable To a Pullback if the US Dollar Rebounds
The S&P 500 index exhibited a strong negative correlation with
the US Dollar over the past 12 months. A potential rebound in the US
Dollar may derail stock markets upward trajectory.
US Dollar Weekly Outlook: In One Word - Frail
The US dollar is unloved, oversold and at lows last seen over
30-months ago. At the moment there seems to be very little reason to buy
the greenback
Weekly Fundamental Gold Price Forecast: Can You Trust The Rebound in XAU/USD？
Gold prices in USD-terms have rallied sharply this week, but gold‘s
gains lagged elsewhere. Thanks in part to US stimulus talks, US Dollar
weakness is masking gold’s own bearish underlying fundamentals.
Markets Week Ahead: GBP/USD
Equities in the US, Europe and Asia
Pacific region aimed mostly higher this past week as the world inched
closer towards the first doses of a coronavirus vaccine. Still, the
tech-heavy Nasdaq Composite outperformed the Dow Jones Industrial
Average. Investors welcomed progress from the US towards a $908b Covid
relief package and an omnibus bill to avoid a government shutdown.To get
more news about [b][url=https://www.wikifx.com/]WikiFX[/url][/b], you can visit wikifx official website.
The haven-linked US Dollar largely underperformed, dipping to beyond
2-year lows alongside the anti-risk Japanese Yen. The Euro soared as the
British Pound wobbled on ongoing Brexit headlines. Gold prices climbed
as crude oil reaped the benefits of an OPEC+ agreement to begin tapering
cuts starting in January by a smaller-than-anticipated amount.
The
US and UK could begin distributing a vaccine, with the former looking to
authorization from the FDA on Thursday. For the British Pound, Brexit
talks could conclude this week after negotiations paused, opening the
door to volatility if things take a turn for the worse. The Euro is
eyeing the ECB rate decision where the central bank may increase
bond-buying operations.
EUR/USD is also facing the deadline for an
EU (US$)2.2 trillion stimulus deal. Sentiment/consumer confidence data
will cross the wires from the Eurozone, Germany, Australia and the US in
the week ahead. Rising Covid cases in the latter have been prompting
local officials to tighten lockdowns in parts of the country. Might
fading confidence derail risk appetite？
After the recent strength of
EUR/USD, a period of consolidation is likely ahead of two critical
meetings: of the European Central Bank and the European Council.
Australian Dollar May Extend Gains Despite Escalating China Trade Tensions
The Australian Dollar may dismiss escalating trade tensions with
China and continue moving higher as the easing of coronavirus
restrictions accelerates the nations economic recovery.
S&P 500 May Be Vulnerable To a Pullback if the US Dollar Rebounds
The S&P 500 index exhibited a strong negative correlation with
the US Dollar over the past 12 months. A potential rebound in the US
Dollar may derail stock markets upward trajectory.
US Dollar Weekly Outlook: In One Word - Frail
The US dollar is unloved, oversold and at lows last seen over
30-months ago. At the moment there seems to be very little reason to buy
the greenback
Weekly Fundamental Gold Price Forecast: Can You Trust The Rebound in XAU/USD？
Gold prices in USD-terms have rallied sharply this week, but gold‘s
gains lagged elsewhere. Thanks in part to US stimulus talks, US Dollar
weakness is masking gold’s own bearish underlying fundamentals.