Thursday, 31 December 2020

Rand Dollar Forecast: USD/ZAR Dances Sideways into the New Year

South Africa’s economic recovery appears dismal as restrictions weigh on the ZAR

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FOMC Voting Changes Sees Slightly More Dovish Fed for 2021

A look at the FOMC’s response to the coronavirus crisis and the change in voting rate-setters for 2021

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Bitcoin (BTC) Latest: BTC/USD at Record High, Takes Aim at 30,000

The Bitcoin price rose again in early European business Thursday, hitting a record high above $29,000 and in a good position to reach $30,000 soon.

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Wednesday, 30 December 2020

British Pound Aiming Higher as UK Lawmakers Approve Brexit Trade Deal

The British Pound may continue outperforming its haven-associated counterparts as UK lawmakers ratify the post-Brexit trade deal with the EU and regulators approve AstraZeneca’s Covid-19 vaccine.

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Gold Price Outlook: Falling Real Yields, USD Weakness to Buoy XAU/USD

Gold prices may continue to push higher in the coming weeks on the back of falling real yields, rising inflation expectations and the possibility of additional fiscal support in 2021.

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New Zealand Dollar Outlook: NZD/USD Bulls Push Kiwi to Fresh Multi-Year Highs

The New Zealand Dollar gained versus the Greenback on Wednesday as the US Dollar slid lower. Meanwhile, upcoming Chinese PMI data may drive sentiment after Wall Street pushed higher in thin, low vo...

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USD Price Outlook: US Dollar Sinks as Euro Rallies to 1.2300

USD price action weakened broadly on Wednesday and sent the US Dollar Index plunging to fresh yearly lows as the Euro extended its rally to the 1.2300-level.

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DAX 30, CAC 40, FTSE 100 Forecasts to Start 2021

European indies look to enter the New Year on an optimistic note as they trade at or near their highest levels in months. With newly minted trade deals and a covid vaccine, can they continue higher?

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Central Bank Watch: BOE, ECB, & Fed Interest Rate Expectations Update

As 2020 comes to a close, 2021 doesn’t look like it will bring about much change in terms of central banks’ policies.

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Japanese Yen Price Outlook: USD/JPY, AUD/JPY, CAD/JPY

The direction of the Japanese Yen has varied recently with USD/JPY gravitating lower while AUD/JPY and CAD/JPY advance. What might be in store for Yen price action headed into 2021?

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Gold Price (XAU/USD) Stalls at Resistance

Gold Prices continue to test key psychological level as US selling pressure prevails.

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EUR/USD Hits New Yearly High as China/EU Announce Bilateral Investment Deal

China and the European Union have announced political approval of a bilateral investment deal. Seven years in the making, the deal looks to increase the economic ties between the two.

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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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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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As a New Retail Trader Age Rises, Heed Tales of Past Manias

In spring 2020, the temporary closures of professional sports leagues during the initial coronavirus pandemic lockdown anointed a new class of retail traders in financial markets.

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US Dollar Breakdown Pushes EUR/USD to Fresh Yearly Highs

US Dollar slide shows little signs of abating, pushing USD majors to higher levels. Euro falls short of 1.23.

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British Pound (GBP) Latest: GBP/USD Likely to Head Back Above 1.36

GBP/USD is benefiting from a weak USD as optimism about loose monetary policy worldwide and the roll out of coronavirus vaccines lifts ‘risk-on’ assets including GBP, EUR and AUD.

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Tuesday, 29 December 2020

Dow Jones, Russell 2000 at Risk as Senate Blocks Stimulus Checks Vote

The Dow Jones and Russell 2000 may come under pressure in the near term as Senate Republicans blocked an attempt by Democrats to increase stimulus payments to $2000.

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Gold, Crude Oil Prices Climb as US Dollar Sinks. Eyes on Senate Stimulus Talks

Gold and crude oil prices are gaining during Wednesday’s APAC trading session as the US Dollar weakens. Will this trend continue over the remaining 24 hours? All eyes are on US stimulus talks.

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Indian Rupee Forecast: Will USD/INR Reverse as CPI Brings RBI Cuts in Focus?

The Indian Rupee has been struggling to capitalize on a weaker US Dollar. Will lower inflation expectations change USD/INR’s trajectory? What are some risks the Nifty 50 is facing?

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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...