Forecasts & Analysis

Dell Technologies Inc, an American multinational technology company headquartered in Texas, reported a surprise quarterly revenue growth of about 3% to $23.48 billion as demand for remote working devices and desktops and notebook computers increased during the COVID-19 pandemic.

It’s a mixed start to the day for the majors. A move back through the morning highs would be needed to support another breakout day.

Economic data from the U.S will be in focus, as the markets continue to respond to vaccine news and chatter from Capitol Hill.

It’s a mixed start to the day. A move through the early morning highs would be needed to support a run at the resistance levels.

LNG exports are flat

The dollar sold off

We may see some time of a Christmas rally into early 2021, then experience a completely different market cycle depending on the new President and policies.

USD/CAD settled below the support at 1.3050 and is trying to get to the test of the next support at 1.3000.

The S&P 500 rallied again on Tuesday, piercing the 3600 level. The market looks as if it wants to go higher but it is obvious that there is a lot of resistance.

Oil managed to get above August highs at $43.75 and developed strong upside momentum.