Thursday, 7 January 2021

Stock Market Forecast: Three Stocks to Watch in the Week Ahead

A Democratic controlled White House, Senate and House could spark sectoral rotations in the stock market and a few select stocks could outperform the broader market as a result.

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Central Bank Watch: BOC, RBA, & RBNZ Interest Rate Expectations Update

It’s been a slow first week of the year for the major central banks, and activity is unlikely to get more exciting in the next few days.

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NZD/USD Forecast: RSI Sell Signal Emerges Ahead of US NFP Report

The Relative Strength Index (RSI) indicates a textbook sell signal for NZD/USD as the oscillator quickly falls back from overbought territory.

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Bitcoin (BTC/USD) Bulls Brutal Breakout Shows No Mercy

Bitcoin prices continue to soar as US political tensions fuel rally

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Oil Price Approaches February 2020 High Following OPEC Meeting

The price of oil approach the February 2020 high ($54.66) following the OPEC meeting as US crude output remains at its lowest level since 2018.

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US Dollar Pops Higher on Firmer Rates and Bears Unwinding - US Market Open

USD correcting higher, particularly against JPY as US rates firm. Equities await NFP catalyst.

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Gold Price Outlook - XAUUSD Remains Under Pressure, Bond Yields Rise

Gold slumped $60/oz. yesterday, creating a bearish engulfing candle after the Democrats won the two Georgia run-off elections. Today’s price action remains weak.

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Are Equity Markets Getting Too Far Ahead of Themselves? IBEX 35 Forecast

Equity markets shrug off political unrest in search for higher return amid expected further stimulus

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Euro Latest: EUR/USD Edging Lower, Inflation Remains Weak, Sentiment Subdued

Euro edging lower amid a renewed bid in the greenback. EU inflation remains subdued.

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British Pound (GBP) Latest: USD Stabilizing, Hitting GBP/USD, EUR/USD, AUD/USD

The US Dollar is modestly higher in early European trade Thursday, hitting currencies like Sterling and the Euro, but the downward trend in USD is likely to resume.

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EU Stoxx 50 May Fall Despite Approval of Moderna Covid-19 Vaccine

Europe’s benchmark EU Stoxx 50 index may lose ground in the coming days despite the regulatory approval of Moderna’s Covid-19 vaccine as price runs into key resistance.

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Wednesday, 6 January 2021

Crude Oil Gains, Gold Sinks on Fiscal Stimulus Hopes Despite Capitol Hill Unrest

Crude oil prices rallied with equities despite a clash on Capitol Hill.Gold fell as Treasury yields climbed on more fiscal stimulus prospects. What are key levels to watch for ahead?

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Mexican Peso Outlook at the Mercy of US Economic Trends

Understanding the US-Mexico relationship and how the ebb and flow of economic activity in the former impacts the latter is crucial for trading USD/MXN.

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Dow Jones Climbs on Democratic Sweep, Nikkei 225 and ASX 200 Open Higher

The Dow Jones and S&P 500 climbed on a likely Democratic win of the two Georgian Senate seats, brightening the prospect for stimulus and infrastructure spending.

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Australian Dollar, S&P 500 May Rise as Georgia Senate Race Boosts Stimulus Bets

The Australian Dollar may rally with the S&P 500 despite Capitol Hill’s temporary lockdown as markets welcome fiscal stimulus prospects after Democrats likely won both Senate seats in Georgia.

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USD Price Outlook: US Dollar Mixed Amid Clash on Capitol Hill

The US Dollar lacked clear direction during Wednesday's trading session as USD price action gyrated in response to surging Treasury yields and disconcerting developments on Capitol Hill.

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FTSE 100 Forecast: Can the Bullish Break Out Continue Post-Brexit?

The FTSE 100 has charged higher this week, adding to gains established over the last few months. Can it continue higher now that Brexit has passed?

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AUD/USD Pushes Above April 2018 High as RSI Sits in Overbought Zone

The Relative Strength Index (RSI) indicates a further appreciation in AUD/USD as the oscillator holds in overbought territory.

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NFP and Forex: What is NFP and How to Trade It?

Non-farm payroll figures are highly anticipated by forex traders. Find out how they affect trading.

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Canadian Dollar Forecast: USD/CAD Falling Wedge Threatens Reversal

The past eight months have been especially bearish for USD/CAD. Jumping from a two-year-low, can bulls stage anything more than a pullback?

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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...