Wednesday, 20 January 2021

British Pound (GBP) Latest: Trend Higher Intact, UK Inflation Above Expectations

GBP/USD continues to march higher within a rising channel on the charts, helped this session by news that UK inflation in December was higher than expected by analysts.

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Tuesday, 19 January 2021

S&P 500 Index Outlook: Yellen's Calls for Fiscal Support to Buoy SPX

The S&P 500 index looks set to continue it s climb to fresh all time highs on the back of Treasury Secretary nominee Janet Yellen’s push for addition fiscal support.

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Gold, Crude Oil Outlook: Weaker Dollar and Reflation Hopes Underpin Prices

Gold and crude oil prices climbed as the US Dollar retreated for a second day. US Treasury Secretary nominee Janet Yellen defended Joe Biden’s US$ 1.9 trillion fiscal stimulus plan, buoying commodi...

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Natural Gas Outlook: US Prices Sink Despite Global Supply Disruptions

Natural gas is moving lower after weather models pointed to warmer-than-average temperatures across much of the US.

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Dow Jones Up on Yellen Stimulus Push; Hang Seng and ASX 200 May Climb

The Dow Jones, S&P 500 and Nasdaq 100 indices rebounded after Yellen defended Biden’s $1.9 trillion fiscal stimulus package in the Senate confirmation hearing. Netflix jumped 12% on strong subscrib...

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Australian Dollar Outlook: AUD/USD Unfazed by Falling Westpac Confidence

The Australian Dollar is moving higher versus the US Dollar despite a 4.5% drop in the Westpac Consumer Confidence index. That move was preceded by an optimistic session on Wall Street as traders c...

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US Dollar Outlook: USD/CAD Volatility Jumps as BoC Decision Looms

The DXY Index slid -0.3% on Tuesday as US Dollar bears chisel away at recent gains. USD/CAD price volatility looks primed to intensify with the Bank of Canada rate decision on deck.

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Dow Jones Price Outlook Tied to Earnings as Netflix Soars on Subscriber Beat

Earnings season will continue this week as the country’s biggest banks weigh in and key Dow components like UnitedHealth Group report their quarterly performances. The findings may influence sentim...

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Gold Price Forecast: November Low on Radar as RSI Snaps Upward Trend

The price of gold may continue to give back the rebound from the November low ($1765) as the RSI fails to retain the upward trend carried over from December.

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Euro Awaits Italian Vote, Yellen to Urge Lawmakers to Act Big - US Market Open

Leaked text of Yellen suggests event will not be notably market moving. Euro looks to Italian Senate vote.

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Crude Oil Latest: Trend Higher Still in Place Despite IEA Cutting Forecast For Demand

The International Energy Agency has lowered its forecasts of demand for oil in both Q1 and 2021 as a whole but the price of US crude remains in a trend higher, with $55 per barrel in focus.

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Bank of Canada Preview: Canadian Dollar (CAD) Guide for BoC Rate Decision

BoC expected to maintain current policy despite some suggestions of a micro-cut.

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USD/ZAR Outlook: Rand Soldiers on Inspired by Waning U.S. Dollar

After a strong week for the Rand, upcoming economic announcements may result in further price volatility around the USD/ZAR pair

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EUR/USD Moving Higher on Better-than-Expected ZEW and US Dollar Weakness

EUR/USD is back above 1.2120 today and is starting to reverse its recent decline as markets wait for Janet Yellen’s confirmation speech

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EUR/USD Moving Higher on Better-than-Expected PMIs and US Dollar Weakness

EUR/USD is back above 1.2120 today and is starting to reverse its recent decline as markets wait for Janet Yellen’s confirmation speech

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How to Research Stocks: A Step by Step Guide

Do you know how to research stocks? Keep reading for insights and tools to supplement your stock investing strategy.

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FTSE 100 Forecast: Vulnerable Below 6,800 Despite Ascending Channel

The UK warns of a possible spike in cases as vaccine rollout gets fully underway

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Monday, 18 January 2021

British Pound Outlook: GBP May Rise as Covid-19 Cases Begin to Fall

The British Pound could gain ground against the haven-associated Japanese Yen and US Dollar as the number of daily coronavirus cases notably slides lower.

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Silver Price Outlook: XAG/USD Rises Ahead of Yellen Testimony, More to Go?

Silver prices are climbing ahead of Treasury Secretary nominee Janet Yellen's Senate confirmation on Tuesday as US Dollar strength appears to be waning.

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Dow, Nasdaq, S&P 500 Outlook: Earnings May Bring Positive Surprises

The Dow Jones, Nasdaq 100 and S&P 500 stock indexes may find fresh catalysts as the release of Q4 US corporate earnings set the tone for what has been a record-scrapping rally.

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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...