Friday, 18 December 2020

Sterling Q1 2021 Forecast: Starting to Look a Better Prospect

The first quarter of 2021 looks set to be an intriguing, and volatile, three months for sterling-denominated assets and traders

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Financial Stocks Rise as Fed Clears Path for Banks to Resume Buybacks

The Federal Reserve's stress test results for the U.S. banking system pushed financial stocks higher in after-hours trading Friday afternoon with the assessment clearing a path for banks to begin i...

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US Dollar 1Q 2021 Forecast: Safe Haven Status Versus Fading Growth Position

The US Dollar has put in for the worst performance of the G10 currencies through the final quarter of 2020. Facing an even deeper slide after recent critical technical breaks can relative growth or...

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Three Trading Types and How They Influence the Market

We look at the three trading types and how they influence the market.

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EUR/USD Rates to Watch Following Break of Monthly Opening Range

EUR/USD has broken out of the opening range for December and the exchange rate may continue to appreciate as long as the RSI holds in overbought territory.

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EUR/GBP Tightens its Range as Brexit Showdown Approaches Deadline

EUR/GBP remains highly volatile as Brexit headlines remain at the forefront

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DAX 30, FTSE 100 Technical Outlook Remains Overbought

The DAX 30 is strongly overbought as it nears its all-time high whilst the FTSE 100 sees stronger resistance

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British Pound (GBP) Update - Sterling Staring at a Make-or-Break Brexit Weekend

The European Parliament has set Sunday evening as the last moment for approving a Brexit deal this year, leaving both sides under increasing pressure.

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Thursday, 17 December 2020

Gold, Crude Oil Price Gains at Risk on US Shutdown and SMIC Blacklisting

Gold and crude oil prices climbed, though momentum faded as the risk of a US government shutdown loomed. The remaining 24 hours for precious metal and commodity prices may be choppy.

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Bitcoin, Ethereum Price Outlook: BTC/USD, ETH/USD Aims For Key Resistance

Bitcoin broke the $20,000 mark on Wednesday and subsequently rocketed over the 23,000 level before upside pressure abated. Ethereum now appears poised for higher highs following the crypto mania.

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ASX 200, Nikkei 225 Rally Taking a Pause Despite Record High in S&P 500

Asia-Pacific stock indices are set for a minor pullback despite a record session on Wall Street overnight. The Federal Reserve’s accommodative stance and stimulus hopes buoyed sentiment, sinking th...

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Australian Dollar Outlook: Surging Iron Ore Prices Push AUD/USD Higher

The Australian Dollar broke above 0.7600 amid surging iron ore prices and a better-than-expected AU jobs report. Meanwhile, U.S. stimulus talks progressed amid record-breaking Covid figures.

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USD Price Outlook: US Dollar Free Fall Reignited by Dovish Fed

The US Dollar took a nosedive during Thursday's trading session as global markets digested more dovish commentary from the Federal Reserve. Will USD price action slide further or is selling overdone?

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Gold Price Forecast: XAU/USD Jumps to Monthly High, Aims Higher

Gold lurched to a 4-week high following the December FOMC rate decision at which Fed Chairman Jerome Powell issued remarks that bolstered the precious metal’s outlook.

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Oil Price Clears March High to Push RSI into Overbought Territory

Recent developments in the Relative Strength Index (RSI) point to higher crude oil prices as the indicator pushes into overbought territory for the first time since 2019.

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Why a Rise in Retail Trading May Signal Another Mania

The Fed and government’s support has altered how Americans think of saving versus investing. This is acting to kindle ‘animal spirits,’ in every sense of the Keynesian fashion.

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USD/CAD Post-Fed Pullback at Risk as RSI Recovers From Oversold Zone

USD/CAD may stage a near-term correction over the coming days as the Relative Strength Index (RSI) appears to be bouncing back from oversold territory.

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Silver Price Forecast: XAG/USD Fundamentals Provide Hope to the Bulls

Silver prices advance as US Dollar weakness prevails

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Bank of England (BoE) Leaves Rates Untouched as Sterling Rallies Further on EU-UK Talk Optimism

The Bank of England left all policy levers untouched at today’s meeting as EU/UK trade talks go down to the wire. Sterling believes that a deal is very much on the cards.

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OMX 30 Near All-Time High, USD/SEK Continues Steady Depreciation

The coronavirus pandemic gets out of control in Sweden as Prime Minister admits the second wave was underestimated

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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...