Tuesday, 5 January 2021

Markets Braced for Georgia Senate Election Risk, Crude Oil Eyes OPEC - US Market Open

A continuation of equities remaining defensive. Georgia Senate runoff presents key risks, while oil looks to OPEC+

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EUR/GBP Price Outlook: EURGBP Post-Brexit Price Action

EUR/GBP has produced numerous long wicks in the lead up to the December 31st Brexit deadline but how is price action likely to play out at the start of 2021?

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EUR/USD Continues to Press Higher, Eyes 1.2556 Multi-Year High

The ongoing weakness of the US dollar is allowing EUR/USD to push higher with little on the daily chart stopping the pair from printing a fresh multi-year high.

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USD/ZAR Outlook: Breakout Possibility Ahead for Rand Bulls

With vaccine optimism in the limelight, how will Rand price action unfold in 2021?

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Gold Price Analysis: Key Gold Levels to Watch Amid Georgia Senate Runoff Risk

A new year, but the same narrative continues to drive financial markets . All eyes on Georgia Senate runoff.

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FTSE 100 Forecast - Support Holds Despite Renewed Lockdown

The FTSE is holding on to positive momentum as the path of least resistance continues to be higher

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British Pound (GBP) Latest: GBP/USD Resumes Advance as England Enters Lockdown

News that England is moving back into lockdown because of rising Covid-19 infections has been well received by GBP traders, lifting GBP/USD modestly after Monday’s falls.

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Canadian Dollar Outlook: USD/CAD May Fall Ahead of Employment Data

USD/CAD rates may continue to slide lower as the rollout of multiple coronavirus vaccines and substantial fiscal support buoys Canadian consumer confidence.

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Monday, 4 January 2021

Crude Oil Prices Testing Key Chart Support Ahead of OPEC+ Meeting

Crude oil prices retraced to a key chart support level as markets await production guidance from an OPEC+ meeting amid souring sentiment. A national lockdown in the UK weighed on the demand outlook.

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Natural Gas Prices Bounce on Colder U.S. Temperatures, Will it Last?

Natural gas bulls are off to an optimistic start to 2021, with a colder temperature outlook across the Southwestern United States Boosting sentiment. Price action now sits near the 100-day Simple M...

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How China-ASEAN Relations Impact SGD, IDR, MYR, PHP

Learn about the ASEAN-China relationship and how to trade ASEAN currencies like the Singapore Dollar, Indonesian Rupiah, Philippine Peso and Malaysian Ringgit using the Core-Perimeter model.

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Australian Dollar Outlook: Surging Iron Ore Prices to Underpin AUD

The Australian Dollar seems poised to outperform its major counterparts in 2021, on the back of surging iron ore prices and the nation’s success in stifling the novel coronavirus.

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ASX 200, Nikkei 225 May Follow S&P 500 Lower on Further Lockdowns

All three major US stock indices closed sharply lower on the first trading day of 2021 as surging coronavirus cases and new lockdowns weighed on sentiment. Gold prices climbed alongside the VIX vol...

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US Dollar, Yen and Gold Rise as Wall Street Stocks Swoon to Start 2021

The anti-risk US Dollar and Japanese Yen rose as stocks plunged at the start of 2021. Gold prices gained as bond yields fell. Runoff elections in Georgia are now in focus.

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US Dollar Volatility Spikes as GBP/USD Tumbles, USD/CAD Climbs

The US Dollar finished flat for the first trading session of 2021, though volatility is accelerating into the new year. GBP/USD spiked lower and USD/CAD climbed while EUR/USD eked out a small gain.

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FX Week Ahead - Top 5 Events: Georgia Senate Runoff Elections; Eurozone & Mexico Inflation; Canada & US Jobs

The first week of a new month and a new year brings an acute focus on the North American currencies and economies.

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How to Read a Candlestick Chart

Learn how to read and interpret candlestick charts for day trading, with top strategies and tips.

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Gold Price Forecast: XAU/USD Surges Up to Fibonacci Resistance

Gold is starting the New Year in a big way with a strong bullish breakout.

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GBP/USD Slides with UK PM Johnson Expected to Announce Another National Lockdown

UK PM Johnson scheduled to address the nation at 20:00GMT. COVID threat raised to highest level.

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Bitcoin (BTC) and Altcoins Ride Wild Volatility Wave While Ripple (XRP) Remains Mired

Cryptocurrency volatility is back at extreme levels last seen in early 2018 as Bitcoin continues to hit fresh all-time highs before the altcoin market rallied hard, playing catch-up.

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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...