USDCAD weakness has been a running theme since mid-March last year and the pair are now nearing levels that may cause concern at the Bank of Canada.
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Friday, 8 January 2021
British Pound (GBP) Latest: Negative Rates and New Lockdown Limit Downside in EUR/GBP
Pound sterling is looking to finish the week a little stronger but faces significant challenges in the short-term
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Thursday, 7 January 2021
S&P 500 Index Climbs To Record Highs Ahead of Non-Farm Payrolls Report
The S&P 500 index seems poised to extend its recent push to fresh record highs ahead of December’s NFP reports, as investors cheer the prospect of further fiscal support.
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Gold Falls as US Political Shift Fuels Reflation Bets, Crude Oil Rally Eases
Gold and oil prices reacted to political developments in the United States, with investors favoring growth-linked assets over gold despite increased inflation odds.
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Nasdaq 100 Rally Inspires Hang Seng, ASX 200 Index to Trade Higher
Wall Street stocks enjoyed a tech-led rally, setting a positive tone for Asia-Pacific markets. A threat from the US to blacklist Alibaba, Tencent and to delist Chinese telecoms may weigh on the Han...
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Australian Dollar Outlook: Strong Greenback Halts AUD/USD Rally
Increased stimulus bets pushed the US Dollar higher after a shift in the U.S. political landscape, putting pressure on the high-flying Australian Dollar
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USD Price Outlook: US Dollar Tracking Yields Higher, NFPs Eyed
The US Dollar strengthened broadly on Thursday with order being restored to Capitol Hill. USD price action could remain volatile owing to swings in Treasury yields and monthly jobs data due.
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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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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....