Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

Cable climbs to fresh two-month high
Cable climbs to fresh two-month high

US stock markets are set to open mixed as the post-Pfizer rally is reassessed, but cyclicals are still clearly outperforming the growth and momentum names that have notched the biggest gains during the pandemic.

EUR/USD can correct more
EUR/USD can correct more

EUR/USD fell below 1.1850 after reaching 1.1920 on Monday. The pair consolidated after the initial bearish move.

USD entering a short period of consolidation
USD entering a short period of consolidation

Asian equity markets were mostly higher as the region took its cue from the predominantly strong performance stateside where the S&P 500 and DJIA rallied to fresh record highs.

USD moves lower after US equity indices advance
USD moves lower after US equity indices advance

Stocks surged, oil prices jumped and the US dollar lost strength on Monday as expectations of fewer regulatory reforms and more monetary stimulus under US President-elect Joe Biden supported risk appetite.

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