Sunday, 3 January 2021

MXN 1Q Forecast: Mexican Peso Outlook - USD/MXN Bearish in 2021 as Recovery Persists

The Mexican Peso looks positioned for a prolonged advance against the US Dollar in 2021. This could present bearish USD/MXN trading opportunities with the Mexican Peso possessing potential to exten...

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

Saturday, 2 January 2021

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/2MuTnaX
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/3rIo9gJ
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/3n9Ki42
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/3rVHoDJ
via IFTTT

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/3bf2DdN
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/3rNTKxC
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/2XgUY6x
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/3aXONfD
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/2X2pxMT
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/3aVpzyq
via IFTTT

Friday, 1 January 2021

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/3n90YIR
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/38WUXd6
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/3pJcJaO
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/2X8Fr8p
via IFTTT

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?

from DailyFX - Market News https://ift.tt/3n5iP3r
via IFTTT

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.

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

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?

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

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.

from DailyFX - Market News https://ift.tt/3n4nId8
via IFTTT

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.

from DailyFX - Market News https://ift.tt/2Lc3Nf3
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...