AUD/USD may threaten the opening range for January as the Relative Strength Index (RSI) falls back from overbought territory to indicate a textbook sell signal.
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Monday, 11 January 2021
Gold Price Forecast: XAU/USD Grasps for Support After Bearish Engulf
Gold got grounded last week and finished with a bearish engulfing pattern. Can sellers drive Gold to fresh lows?
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Oil Forecast: Crude Price Rally Susceptible to RSI Sell Signal
The Relative Strength Index (RSI) may indicate a textbook sell signal for the price of oil if the oscillator slips below 70.
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GBP/JPY Price Analysis: GBPJPY Under Pressure Amid Harsher Lockdown
GBP/JPY retracement may find support and continue its range-bound sequence but a harsher UK lockdown could weigh heavily on the Sterling
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USD/ZAR Outlook: Key Resistance Holds After Rands Counter Trend Move
Last weeks surprise 4.34% spike on USD/ZAR has since been consolidating after South Africa locks in initial COVID-19 vaccines. Is the Dollar rally over or will the Rand bounce back?
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US Dollar Correction Continues, GBP Dips, Gold Upside Capped - US Market Open
US Dollar correction persists, GBP falls to daily lows, US equity futures softer and gold bounces off short-term support.
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EUR/USD Price Outlook - Short-Term US Dollar Strength Pushes EUR/USD Lower
US Treasury yields continue to push higher, giving the US dollar a slightly better bid against the Euro.
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FTSE 100 Weekly Look Ahead: Can the FTSE 100 Outperform in 2021?
FTSE 100 off to a strong start to 2021, reduced political headwinds and reflationary exposed sectors may see index outperform.
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Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) Slump - Cryptocurrency Market Hammered
The cryptocurrency market fell sharply over the weekend with most of the main coins showing heavy double-digit losses.
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DAX 30 Bounces Off All-Time High, EUR/USD Increases Bearish Momentum
The US Dollar bounces back as yields pick up, despite global equities pushing higher
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Sunday, 10 January 2021
British Pound at Risk as Downing Street Weighs Tighter Restrictions
The British Pound may come under pressure in the near term as UK lawmakers consider tightening coronavirus restrictions further amid a relentless surge in local infections.
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Gold, Silver Price Outlook: Rising Yields and USD Exert Downward Pressure
Gold and silver prices plummeted in response to rising longer-dated US Treasury yields and a rebound in the US Dollar. Fresh stimulus plans from President-elect Joe Biden may help to cushion the do...
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US Dollar Price Outlook: Emerging Market Currencies Face Rising Treasury Yields
The US Dollar may pause weakness against ASEAN currencies as Treasury yields help offset the impact of a rally in Emerging Market stocks amid fiscal stimulus bets from the United States.
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S&P 500, ASX 200 Weekly Outlook: Rising Treasury Yields Flag Risk Ahead
The ASX 200 index opened lower alongside US equity index futures. Rising US Treasury yields led the US Dollar to strengthen, which may weigh on risk assets, EM currencies and commodities.
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US Dollar Up as Wage Inflation, Biden Stimulus Pledge Drive Fed Outlook
The US Dollar is on the upswing as rising wage inflation and the promise of fiscal stimulus expansion by President-elect Biden cool Fed easing bets and drive up yields.
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Markets Week Ahead: Nasdaq 100, Russell 2000, Gold, USD, Stimulus, Treasury Yields
The Nasdaq 100 and Russell 2000 started 2021 on a high note with longer-dated Treasury yields as gold tumbled. The US Dollar and crude oil found some support on rising fiscal stimulus prospects des...
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Weekly US Dollar Fundamental Forecast: Down, But Not Out
The DXY Index may be turning the corner as the stretch of bad US economic data nears exhaustion.
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Will the S&P 500 Extend Its Record Rally on Reflation Hopes?
The seemingly unstoppable rally in US stocks may have more room to go before time is ripe for a correction. The reflation trade appears to be gaining traction, but overstretched valuations may flag...
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Saturday, 9 January 2021
Mexican Peso Forecast: USD/MXN Balances on Support as Covid-19 Cases Surge in Mexico
The strong downtrend in USD/MXN has stagnated in recent weeks as bearish momentum eases.
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Euro Forecast: EUR/USD Outlook Upbeat on Sunny Market Sentiment
Trader confidence has been boosted by the US Democrats winning control of the Senate, suggesting further flows out of the safe-haven US Dollar into ‘risk-on’ currencies such as the Euro.
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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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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...