Forecasts & Analysis

The Aussie is expected to remain under pressure this week unless U.S. policymakers agree to a fiscal stimulus deal.

It’s a bearish start to the week for the majors. A Bitcoin move back through to $11,700 levels would deliver support.

It’s a mixed start to the day for the majors, with Stellar’s Lumen on the remove early on.

With no economic data from the Eurozone or the U.S, China’s GDP numbers, COVID-19 news, and Brexit and U.S politics will influence.

In the case of the S&P500 we can clearly see three separate support zones – the highest one being right where price closed on Friday (near 3475).

It’s a mixed start to the day for the majors. Failure to hold above the day’s pivot levels would bring support levels into play.

The heavy equipment manufacturer could break out, despite its reputation as an early cyclical play.

The IEA comments were not too bearish and not too bullish so we expect more two sided rangebound trading.

Morgan Stanley raised their stock price forecast on Netflix to $630 from $600, assigning an “Overweight” rating to the Internet television network’s stock and foresees short and long-term benefits to Netflix growth and earnings power due to the changes brought on by the COVID-19 pandemic.

We’ve seen weakness, but we haven’t seen a price crash which probably means the longer-term bulls are buying on weakness or the dips.