Page 11 - Key Talking Points News Today

FTSE 100 Forecast: Unclear Direction as Driving Forces Collide Key Talking Points: FTSE 100 attempts to recover buyer support but lacks momentum Advertisement The FTSE 100 is looking vulnerable again today as movement resumes in the port of Dover after two days of gridlock as an attempt to prevent the spread of a new strain of coronavirus through Europe, putting downside pressure on European equities. British stocks have been at the center of a risk-off move starting late ...

Euro Latest: EUR/USD, EUR/GBP, EUR/JPY Levels to Watch Key Talking Points: Advertisement EUR/USD EUR/USD is trading a little softer this morning as the pair reacts to the approval of a stimulus package in the US and the ongoing talks regarding Brexit. In what was a general risk-off day yesterday, EUR/USD retreated to last week’s low but found support at the da-day moving average at 1.2130. The discovery of a new strain of the virus added to the worsening of the health con...

IBEX 35, DAX 30 Forecasts: Bears Take Control as Covid-19 Fights Back Key Talking Points: IAG falls more than 11% and drags the IBEX 35 lower DAX 30 reverses last week’s gains and corrects overbought conditions Advertisement RISK-OFF TO START THE WEEK AS COVID-19 FIGHTS BACK A new strain of Covid-19 detected in the UK has forced many countries to stop flights to and from the country, meaning airlines are taking a big hit this morning. Brexit is also on everyone’s minds, ...

Oil 1Q 2021 Forecast: Positive Momentum Heading Into the New Year Key Talking Points: The weekly chart points to a key resistance area Relatively low volatility would support oil prices Advertisement Coming Soon! Download the NEW 1st Quarter Forecast Live on Monday on our Free Trading Guides Page! There’s no doubt that 2020 has been a year full of unexpected occurrences, and oil trading negative back in April is probably somewhere at the top of the list for most commodity...

DAX 30, FTSE 100 Technical Outlook Remains Overbought Key Talking Points: FTSE 100 struggles to break free from 61.8% Fibonacci Advertisement DAX 30 TECHNICAL OUTLOOK The DAX has managed to break various horizontal resistance lines in its 3.8% rise since Tuesday, leaving the German stock index just shy of its all-time high seen last March at 13,830. The issue I’m having with getting fully behind the DAX is this notion of borrowed future returns, and what this will mean for...

EUR/GBP Tightens its Range as Brexit Showdown Approaches Deadline Key Talking Points: EUR/GBP continues to be range-bound as deadline approaches Advertisement EUR/GBP continues to be at the mercy of Brexit headlines as volatility continues to be high. A few headlines this morning from Chief EU negotiator Michel Barnier gave the impression that, although both sides are working hard for a deal, time is running out and significant differences remain. This has put the British Po...

OMX 30 Near All-Time High, USD/SEK Continues Steady Depreciation Key Talking Points: Coronavirus cases worsen worldwide Advertisement Equity markets continue to push higher in what can be considered as a “santa rally” in the last few trading weeks of the year. The reason remains pretty much unchanged, with Brexit and US stimulus hopes taking center stage, with an added push from a Fed that continues to be accommodative and supportive of the economy, which translates (rig...

Euro Strengthens on PMIs, EUR/USD, EUR/GBP Levels to Watch Key Talking Points: Advertisement EURO BOOSTED ON BETTER THAN EXPECTED PMI DATA Despite the euro not needing an extra push to consolidate its upward trajectory, the release of PMI figures this morning helped the European currency garnish further bullish momentum needed to clear some hurdles. First came French and German data, both seeing a significant boost in the services sector after both countries have recently co...

IBEX 35, CAC 40 Forecast: Mixed Sentiment as Caution Returns but Hope Remains Key Talking Points: IBEX 35 sees caution creep in CAC 40 trades sideways trapped between two key areas Advertisement COVID CONCERNS VS BREXIT AND US STIMULUS HOPES European equity markets are mixed this morning as growing Covid-19 concerns keep investors cautious as Christmas holiday plans may be in jeopardy. London will enter into a tier 3 lockdown this evening, following Germany, France, and the ...

DAX 30 Heading Higher Despite German Lockdown, EUR/USD Unfazed by ECB Key Talking Points: Germany will enter a hard lockdown on Wednesday, DAX 30 springs back from 13,000 EUR/USD aims towards 2.5 year high Advertisement GERMANY GOING BACK INTO HARD LOCKDOWN A rising rate of infections and exponential growth in the last few days is the reason why Germany will be entering a full lockdown from Wednesday, with all schools and shops closed until the 10th of January. This will affect the Christmas pe...