Saturday, 10 April 2021

New Zealand Dollar Forecast: The Fight Between RBNZ Policy Bets and Wall Street

The New Zealand Dollar is in a tricky spot. On one hand, rising stocks can propel NZD. On the other, a dovish RBNZ ahead could cool bond yields as the government tackles soaring housing costs.

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Friday, 9 April 2021

Australian Dollar Forecast: Dovish RBA to Counterbalance Robust Chinese GDP Print

The RBA highlighting several key risks to the local economy in its semi-annual Financial Stability Review may drive AUD lower against haven-associated currencies despite the expectation of strong Q...

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British Pound (GBP) Fundamentals Remain Positive Despite Sterling Drifting Lower

The British Pound is giving back some of its multi-month gains with some pairs testing notable support despite a positive fundamental backdrop

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Oil Q2 2021 Technical Forecast

After an impressive start to 2021, the oil forecast for the second quarter of the year is lacking an overly optimistic tone given a weaker picture for demand and stronger growth in rival supply, as...

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USD/TRY, USD/ZAR, USD/MXN Key Levels Forecast for the Week Ahead

EM FX weekly: USD/TRY volatility jumps, USD/ZAR, USD/MXN await key US CPI data.

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S&P 500, Russell 2000, Corporate Bond Fund Flows as Q2 2021 Begins

The S&P 500, Russell 2000, and Corporate Bond ETFs have had mixed reactions to recent developments in the global macro outlook.

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NZD/USD Trades Within March Range Ahead of RBNZ Rate Decision

NZD/USD may continue to consolidate ahead of the RBNZ rate decision on April 14 as the bank is expected to keep the official cash rate (OCR) at the record low of 0.25%.

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Canadian Dollar (CAD) Rallies After Jobs Report Smashes Estimates

Canadian Dollar spikes as employment report smashes estimates. USD/CAD hits session lows.

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GBP/USD Technical Outlook - Support Under Pressure as US Dollar Firms

GBP/USD is looking to break multi-week support, and threaten a medium-term trendline, as Sterling’s strength fades across the board.

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Short AUD/CAD: Q2 Top Trading Opportunities

Heading into Q2, I am bearish on AUD/CAD on US economic outperformance, BoC tapering and favourable positioning.

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Gold Q2 2021 Technical Forecast

Gold has been declining since August 2020, and has yet to show any real signs of life.

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Bitcoin (BTC/USD) Continues to Pummel $60k - Will More Buyers Pile In?

Bitcoin has stalled in recent weeks after an impressive surge since December 2020, will it continue higher?

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Australian Dollar Forecast: Key AUD/USD Levels to Watch Amid Breakdown Warning

A warning of a top to increase should key support break. AUD/USD remains soft despite USD struggle.

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GBP Q2 2021 Technical Forecast

As Q1 comes to a close, much of the early quarter gains in GBP/USD have been largely retraced after peaking at 1.4235.

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Canadian Dollar Forecast: USD/CAD Probing Resistance With Jobs Data on Tap

The Canadian Dollar is at risk of losing further ground against its US counterpart if upcoming employment data disappoints market participants.

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Thursday, 8 April 2021

EUR Q2 2021 Technical Forecast

The Euro has sold off in dramatic fashion against the US Dollar, with EUR/USD aiming to complete its third consecutive monthly loss.

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Gold and Crude Oil Prices May Fall into the Weekend, Eyes on US PPI after Chinese Beat

Gold and crude oil prices may fall into the weekend if a higher-than-expected US PPI report follows similaroutcomes from China. Markets saw cautious risk aversion during Asia trade.

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JPY Q2 2021 Technical Forecast

The technical outlook for the haven-associated Japanese Yen remains overtly bearish, after the funding currency toppled over 5.5% on average against its major counterparts in the first quarter of 2...

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Australian Dollar Declines as RBA Review Reveals Growing Risks to the Economy

The Reserve Bank of Australia highlighted key corners of the Australian economy as positions of strength and weakness as fear grows over a potential housing bubble.

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Nasdaq 100 Aims For All-Time Highs, Will Hang Seng and ASX 200 Follow?

The Nasdaq 100 rallied 1.04% as Fed Chair Jerome Powell calmed inflation fears, sending 10-year rates to a two-week low. Asia-Pacific markets look set to trade mildly higher.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...