US indices have begun the year with a volatile start, fluctuating significantly as covid concerns and political uncertainty take turns influencing sentiment.
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Tuesday, 5 January 2021
NZD/USD Clears 2020 High to Push RSI Towards Overbought Territory
NZD/USD may continue to exhibit a bullish behavior as it clears the 2020 high (0.7241), while the Relative Strength Index (RSI) flirts with overbought territory.
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Mexican Peso Forecast: Coiling, Awaiting Next Downside Move - Levels for USD/MXN Rate
Unlike other FX pairs, USD/MXN has yet to see meaningful volatility in the first trading days of 2021.
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British Pound Techs: GBP/USD Two-Year-Highs, GBP/JPY Wedge Break
Sterling started the year on a strong note. But that turned around yesterday, begging the question as to whether bulls will be able to retain the reins of the British Pound.
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USD/CAD Rate Outlook Mired by Break Below 2020 Low
USD/CAD may remain under pressure ahead of Canada’s Employment report as the exchange rate takes out the 2020 low (1.2688).
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December ISM Manufacturing PMI Strongly Beats Expectations
ISM Manufacturing PMI Report for December set a pandemic record, showing continued expansion in the manufacturing sector despite increasing economic challenges elsewhere.
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Why a Rise in Retail Trading May Signal Another Mania
The Fed and government’s support has altered how Americans think of saving versus investing. This is acting to kindle ‘animal spirits,’ in every sense of the Keynesian fashion.
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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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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....