Bitcoin could be at risk of a short-term pullback as the popular cryptocurrency’s surge to fresh yearly highs appears to be running out of steam. Key technical levels to watch for the weeks ahead.
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Monday, 21 December 2020
USD Price Outlook: US Dollar Flops as Stimulus Deal Fuels Bears
US Dollar strength evaporated throughout Monday's trading session as USD price action erased gains across the board with Congress set to vote on a stimulus deal and an improvement in Brexit rhetoric.
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Brexit Latest: UK Deal Concession Sparks Rally in GBP/JPY, GBP/USD Rates
GBP/JPY and GBP/USD have reversed their daily losses – which exceeded -1% at times – and are now positive on the day.
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Canadian Dollar Price Forecast: USD/CAD Finds Resistance at Key Zone
A fast start to the week as a quick dose of risk aversion showed up. Is this but a blip or a sign of trends to come?
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Gold (XAUUSD) Price Slumps - Markets Rattled by Sharp Risk-Off Move
The precious metal slumped $40/oz. in 30 minutes, before recovering some of its losses, as risk markets and thin trading conditions boost volatility.
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Sterling Update: GBP/USD, EUR/GBP, GBP/JPY React to Brexit and COVID Latest
GBP extends losses as markets digest the latest Brexit and COVID concerns
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IBEX 35, DAX 30 Forecasts: Bears Take Control as Covid-19 Fights Back
European stock indices are deep in the red as a new strain of Covid-19 forces the UK to shutdown
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British Pound Outlook: Covid Mutation, Brexit Talks Undermine GBP/USD
The British Pound is at risk of significant losses as a new strain of coronavirus forces the tightening of local restrictions, and a no-deal Brexit scenario becomes increasingly likely.
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How to Trade the Impact of Politics on Global Financial Markets
In a slowing global economy, the threat of geopolitical risks destabilizing global growth are elevated and open the door to violent volatility – and trading opportunities.
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Sunday, 20 December 2020
Copper May Rise on US Stimulus Deal, Chinese Industrial Profits in Focus
Copper prices remain near recent 7-year highs as Congress nears a $900 billion Covid relief package. China's industrial profits move into focus for the red metal's path forward.
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Nasdaq 100, Tesla and Bitcoin Carry Hopes while GBPUSD, GBPJPY Suit Conditions
We are heading into the final two trading weeks of the year with liquidity expected to quickly dwindle. Yet with the Nasdaq 100, Tesla, Bitcoin and EURUSD pushing highs amid extended US stimulus an...
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US Dollar and Yen Up, British Pound Down as New Virus Strain Hits London
The anti-risk US Dollar and Japanese Yen rose while the British Pound fell as a new strain of the coronavirus forced London into lockdown. US negotiators agreed on a fiscal stimulus plan.
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Stock Market 1Q 2021 Forecast: Equity Markets to Enjoy Continued Economic Recovery, Loose Monetary Policy
Equity markets look to enter 2021 near record levels despite soaring coronavirus cases and sweeping lockdowns. Can stocks push higher with the help of a vaccine and government stimulus?
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Gold 1Q 2021 Forecast: Gold Outlook Bullish Headed into First Quarter, with Caveats
While the 1Q’21 gold price outlook is bullish, there are some caveats – mainly, that gold may not be the best performing metal, precious or otherwise.
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Saturday, 19 December 2020
Japanese Yen Fundamental Forecast 1Q 2021: a Haven When Few Want it
The anti-risk Japanese Yen is vulnerable heading into the first quarter as global stimulus continues to cool market volatility, boosting stocks. What are risks that may end up boosting JPY?
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Sterling Q1 2021 Forecast: GBP/USD Closing a Tumultous Year on the Front Foot
Sterling’s technical analysis has played second fiddle to overarching fundamentals in the past year, but that may change in the first quarter of 2021.
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Euro 1Q 2021 Forecast: Can the ECB Curb the Euro's Strength?
The European Central Bank has made clear that it does not want to see EUR/USD above the 1.20 mark, once seen as its ‘line in the sand’ for the pair. But it’s hard to see what it can do about it.
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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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Crude Oil 1Q 2021 Forecast: Covid to Clash with Vaccine Rollout
Crude oil prices soared these last two months largely thanks to improving global GDP growth outlook, but the commodity could face hurdles headed into 2021 as covid clashes with vaccine rollouts.
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Friday, 18 December 2020
Australian Dollar 1Q 2021 Forecast Upbeat as RBA Rejects Negative OCR
The Australian Dollar may continue to outperform its US counterpart in 2021 as the RBA continues to rule out a negative interest rate policy (NIRP).
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Posts (Atom)
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...
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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....