KQMarkets

KQMarkets

USDJPY has moved higher and appears to have broken it's downtrend since last year's March highs as it has consolidated above support at 103.7. This has been due to an increase in Treasury yields and we have therefore changed our long term view from short to neutral as we await US inflation data tomorrow for further price action.

KQMarkets

EURUSD has is starting to lose the upward momentum established during it's long term uptrend since last year's March lows as prices challenge support at 1.2145. We still see the currency pair moving higher whilst it hasn't consolidated below support at 1.2145 but there is downside potential notably as long dated treasury yields have strengthened as witnessed in...

KQMarkets

AUDUSD has moved higher since our last analysis largely due to USD weakness as a result of US stimulus. We expect the upward momentum to continue and the currency pair to challenge resistance above 0.8 in the coming weeks as we await US data on Friday including payrolls which could lead to significant price action.

KQMarkets

The Dax has dropped significantly in today's trading session after reaching all time highs last week on the back of the Brexit deal and US stimulus. The strong of possibility of Germany and other European countries imposing stricter lockdowns and the subsequent impact on their economies could lead to the index dropping further and challenging support at 13,000.

KQMarkets

Bitcoin has continued to surge over the holiday season since it broke through multi year highs and significantly outperformed altcoins. This indicates that Bitcoin is further establishing it's status as the prime cryptocurrency but given it's volatile nature there is potential for a sharp pullback and we would not want prices to consolidate below support around $26,000.

KQMarkets

Gold has been trading sideways since our last analysis despite US stimulus, a weakening dollar and the worsening of the coronavirus situation. Therefore we hold a neutral view as we believe the precious metal will struggle to gain forward momentum to challenge resistance at $1932.

KQMarkets

Silver has continued it's upward momentum predominantly due to US stimulus, a weaker dollar and fears surrounding the worsening of the coronavirus situation. Therefore prices could challenge resistance at 26.775,but could also pullback sharply given the precious metals volatile nature. Additionally, the rally over the past couple of days has been over relatively...

KQMarkets

USDJPY continues it's downtrend despite and we expect prices to continue moving lower whilst the currency pair is below resistance at 103.75. We do not expect major price action in the coming low volume trading sessions despite a Brexit Deal being agreed and Trump signing the stimulus and government spending bill.

KQMarkets

EURUSD continues it's strong uptrend as the currency pair has consolidated above support at 1.2145 on the back positive news surrounding Brexit negotiations. However, we expect a certain amount of volatility in the coming trading sessions as the UK and EU negotiate a deal and we would not want EURUSD to drop below 1.2145.

KQMarkets

AUDUSD has consolidated above support at 0.754 and we see further upside with the recent US stimulus announcement. However, there could be significant price action today due to US economic data releases including durable goods orders and Michigan consumer sentiment which could disrupt the uptrend.

KQMarkets

The Dax dropped sharply yesterday on the back of fears surrounding the spread of a new strain of the coronavirus and the subsequent block on travel from the UK by a host of countries. However, despite downside potential for the index with the impact of the coronavirus and Brexit, in particular given it's volatile nature, we would not take short view unless the...

KQMarkets

Bitcoin was appearing to lose it's momentum as it threatened to consolidate below support at $17,300 but has since rebounded to surpass all time highs. We see further upside with the worsening of the coronavirus situation and the cryptocurrency increasingly being seen as a safe haven.

KQMarkets

Gold has continued to rise post the FOMC meeting which indicated that there will be not a shift in dovish monetary policy. Additionally, the 50 day MA is moving towards the 100 day MA and prices could move higher and challenge resistance at $1932 with the forthcoming US stimulus package. However, whilst the 50 day MA hasn't risen above the 100 day MA confirming...

KQMarkets

Wednesday's FOMC meeting indicated that there be no changes in US monetary policy and there has been an increase in optimism surrounding a US stimulus deal. This has led to Silver surging over the past few days and us changing our view to neutral as we anticipate the upward momentum could be sustained as the US dollar continues to weaken.

KQMarkets

USDJPY has continued it's downward momentum and we expect further downside as the currency pair has fallen below support at 107.723. Today's FOMC meeting has not indicated a shift in monetary policy as the FOMC continues to provide stimulus to the US economy leading to US dollar weakness.

KQMarkets

AUDUSD has consolidated above key resistance at 0.75423 and we now expect the currency pair to continue it's upward momentum and challenge multi year highs above 0.8. This is primarily due to an expectation that the united states dollar will continue to weaken as we await the FOMC meeting on Wednesday for indications of future FED policy.

KQMarkets

The ECB's stimulus package to boost the Eurozone economy met market expectations whilst there is still uncertainty over when the US stimulus package will be initiated. This has led to EURUSD challenging resistance at 1.2145 and we expect prices to consolidate above this level and challenge multi-year highs around 1.25 in the coming weeks.

KQMarkets

The Dax has consolidated above support around 13,000 and appears to have the momentum to be on course to challenge year to date highs around 13,600. However, we still hold a neutral view as the the index is prone to sharp reversals given it's volatile nature as we await the ECB press conference and US inflation data later today.