(MENAFN- DailyFX) Fundamental Forecasts:
Japanese Yen May Rise With Covid Lockdowns Threatening Nikkei 225 Outlook
Japanese Yen momentum may hold ahead amid rising Covid-19 cases locally and abroad, threatening the global growth outlook. USD/JPY appears to be following bond yield spreads again.
Gold Price Outlook: XAU/USD Still Primed for Higher Ground
Gold prices fell for a second consecutive week as inflation expectations eased after a U.S. political shift. A dispute between the Federal Reserve and Treasury is boosting gold prices, will momentum pickup?
Sterling (GBP) Outlook Mired by Brexit's Own Groundhog Day
The EU and UK continue their post-Brexit trade talks, stressing that a deal is within reach, but neither side is prepared to move to get a deal over the line. Again.
Euro Forecast: EUR/USD Outlook Worsens After EU Recovery Fund Vetoed
With the markets focused on coronavirus vaccines, it was easy to miss news last week that Poland and Hungary have blocked the EU's recovery fund; another potential negative for the Euro.
US Dollar May Rise as FOMC Minutes Flag Fed Policy Standstill
The US Dollar may rise as minutes from November's FOMC meeting cement the Fed in wait-and-see mode, cooling risk appetite even as the yield outlook turns more supportive.
S & P 500 Weighed by Stimulus Uncertainty Amid Virus Resurgence
The S & P 500 index may pull back further due to a lack of stimulus clarity amid rapidly climbing Covid-19 cases. IMF painted an uneven recovery outlook, with more policy action needed.
Crude Oil Price Outlook Volatile as Covid Clashes with Vaccine Hope
Crude oil price volatility looks set to linger as outlook for the commodity closely tied to GDP growth remains clouded by near-term downside risks undermining COVID-19 vaccine optimism.
Technical Forecasts:
Mexican Peso Technical Forecast: Will Critical Support be Broken?
USD/MXN looks set to renew downside momentum in a new attempt to break a critical support level
Australian Dollar Forecast: Aussie Rally Testing Key Breakout Levels
Australian Dollar is probing multi-year downtrend resistance- Aussie breakout ahead? These are the levels that matter on the AUD/ USD weekly technical chart.
Pound Technical Outlook – GBP/USD In Slow Grind Mode, Big Resistance Ahead
Cable continues to rise within the confines of a channel, but has a stiff test ahead with long-term resistance looming.
Dow Jones, DAX 30, FTSE 100 Forecasts for the Week Ahead
After surging to fresh all-time highs earlier this month, stocks have slipped into consolidation mode as they bounce between technical levels ahead of the next major moves. Here are the levels to watch.
Gold Weekly Technical Forecast: Gold Coiling for Break-Out
Gold challenging range lows amid the tug of war between vaccine optimism and virus concerns.
US DOLLAR WEEKLY PERFORMANCE AGAINST CURRENCIES AND GOLD
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