Sunday, 27 December 2020

JPY 1Q Forecast: 2021 Could be the Year JPY Wakes Up

The place to be next year could be JPY, as the charts become increasingly “dead” and coiled up. USD/JPY and EUR/JPY are a couple of charts that hint at possibly making big moves.

from DailyFX - Market News https://ift.tt/3mRJAIv
via IFTTT

AUD 1Q Forecasts: Key Market Trends to Watch for in 2021 FX Market - Long AUD/USD and AUD/JPY

The Australian Dollar may continue to outperform against its US counterpart as the continuation pattern gains traction ahead of 2021. The improvement in investor confidence has also spurred a recov...

from DailyFX - Market News https://ift.tt/3rygZvt
via IFTTT

AUD, NZD 1Q Forecasts: Commodity Currency Breakout in 2021? Cyclical Upturn Ahead for AUD & NZD

2021 could prove to be the start of a commodity-currency bull market, as long-term price analysis suggests a cyclical shift may be afoot for AUD, NZD against the haven-linked USD.

from DailyFX - Market News https://ift.tt/38DVbWr
via IFTTT

CAD/JPY 1Q Forecast: Long CAD/JPY - Time to Start Mending the Global Economy

A long CAD/JPY trade hopefully benefits from the nascent economic recovery. I’m looking for both sides of the FX-pair to perform with the Canadian dollar appreciating alongside an uplift in the pri...

from DailyFX - Market News https://ift.tt/3mRSS7k
via IFTTT

Saturday, 26 December 2020

EUR/USD 1Q Forecast: US Dollar May Rebound vs. Euro as Fed, ECB Policies Diverge

One major central bank unlikely to pace the Fed is the ECB. A yawning gap between US and Eurozone breakeven rates underscores this, suggesting that the Euro may turn lower as the global monetary po...

from DailyFX - Market News https://ift.tt/37Rj9yw
via IFTTT

JPY 1Q Forecasts: Range USD/JPY 7-Year Wedge, Bullish GBP/JPY Post-Brexit Break

Looking into 2021, I’m interested in the gravity of USD/JPY’s range and the contrast for multiple scenarios to a GBP/JPY climb.

from DailyFX - Market News https://ift.tt/34Lv8f4
via IFTTT

USD/CAD 1Q Forecast: Short USD/CAD Amid a Recovering Global Economy and Dovish Fed

As economies continued to regain their footing, the US Dollar lost much of its luster as the Federal Reserve looks to stand firm on its accommodative policy stance into 2023. On the other hand, the...

from DailyFX - Market News https://ift.tt/3nQb7eA
via IFTTT

NZD/USD 1Q Forecast: Long NZD/USD as RBNZ Rhetoric Improves

The New Zealand Dollar has been the best performing currency towards the end of the year, appreciating 6.8% against the US Dollar in November alone. I expect this appreciation to continue into the ...

from DailyFX - Market News https://ift.tt/37Qo0Qf
via IFTTT

1Q Forecasts: Vaccines Mean Hope Springs Eternal - Long MXN/JPY, Long Copper (XCU/USD), Long RUT & NDX

In this low interest rate world with pent up aggregate demand and significant slack in the world’s major economies, there is ample room for growth. If growth is the story of 2021, the underperforme...

from DailyFX - Market News https://ift.tt/3aIKrst
via IFTTT

USD 1Q Forecast: US Dollar Breaks Multi-year Trend Support – Looking for a Low

One of the most significant technical reactions this past year was in the US Dollar Index.

from DailyFX - Market News https://ift.tt/3mTY22y
via IFTTT

USD/SGD 1Q Forecast: US Dollar at Risk to Singapore Dollar Amid Hunt for Yield in Emerging Markets

The Singapore Dollar may continue its advance against the US Dollar in 2021 as capital keeps flowing into Emerging Markets.

from DailyFX - Market News https://ift.tt/2WIEOCq
via IFTTT

CAD/CHF 1Q Forecast: Long CAD/CHF – A Combination of Risk Trends and Positioning

As the global economic outlook improves with pent up demand supporting growth, risks are tilted to the upside for oil prices, which in turn is likely to keep the Canadian Dollar afloat, particularl...

from DailyFX - Market News https://ift.tt/2McOW4B
via IFTTT

GBP/NZD 1Q Forecast: Long GBP/NZD as Competing Sterling and Kiwi Climb Shifts in 2021

On the NZD side, the good news of a potential global economic revival has been largely priced in to the markets already. On the GBP side, there is scope for the UK economy to perform better than wi...

from DailyFX - Market News https://ift.tt/3hhiHwx
via IFTTT

USD/JPY 1Q Forecast: Can the BoJ Keep Up With the Breakneck Pace of the FOMC?

With Shinzo Abe now no longer leading Japan, can Abenomic-fueled Yen losses remain?

from DailyFX - Market News https://ift.tt/3rxnv5I
via IFTTT

Friday, 25 December 2020

Top Trading Lessons: Take Extra Caution Before Joining Popular Trades

The first quarter of 2020 turned traders on their heads as Covid-19 ripped through the global economy. Swift action from the Federal Reserve and other central banks backstopped the global financial...

from DailyFX - Market News https://ift.tt/37LtmMK
via IFTTT

Top Trading Lessons: A Crisis May Scare Away the Crowd, But Not the Best Traders

Many things that happened in 2020 appear to be counterintuitive, especially when it comes to the stock markets.

from DailyFX - Market News https://ift.tt/3hggbGO
via IFTTT

Top Trading Lessons: A Lesson on Irrational Exuberance and Trader Psychology

You might have heard the aphorism "the market is not the economy" before. The phrase surfaced quite a bit this past year largely owing to COVID-19 and the economic fallout caused by the pandemic.

from DailyFX - Market News https://ift.tt/34Mkdl0
via IFTTT

Top Trading Lessons: Trade More of What Is in Play, Less of What Isn’t

2020 was filled with extremely high levels of volatility across just about every asset class. The S&P 500 had one of its most volatile years on record, the WTI crude oil front-month contract went n...

from DailyFX - Market News https://ift.tt/38y8qbf
via IFTTT

Top Trading Lessons: History Doesn't Repeat Itself, But It Often Rhymes

The quote ‘history doesn't repeat itself, but it often rhymes,’ which is largely attributed to Mark Twain, comes to mind as COVID-19 has made 2020 an unforgettable year.

from DailyFX - Market News https://ift.tt/37Oo7Mo
via IFTTT

Top Trading Lessons: Don’t Fight the Tape and Don’t Fight the Fed

2020 proved once again that you should always follow two of the commandments laid out by Wall Street legend Marty Zweig in his 1986 book titled “Winning on Wall Street”: don’t fight the tape and de...

from DailyFX - Market News https://ift.tt/38t7Mvq
via IFTTT

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...