Saturday, 23 January 2021

Canadian Dollar Forecast: Busy Week Ahead, GDP, Fed, IMF, Earnings Season

The Canadian Dollar will likely remain glued to news that can drive risk appetite, with USD/CAD eyeing GDP data, the Federal Reserve, IMF, earnings season and more in a very busy week.

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Friday, 22 January 2021

Australian Dollar Capped by Falling Iron Ore Demand Ahead of Inflation Data

The notable drop-off in Chinese iron ore demand appears to have notably weighed on the Australian Dollar in recent days as attention turns to the upcoming Q4 inflation release.

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Sterling (GBP) Weekly Outlook: Two Steps Forward, One Step Back

GBP/USD continues to move higher, despite Friday’s weakness, as vaccination hopes continue to fuel positive sentiment despite ongoing lockdown fears and downbeat UK data.

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Forex Vs Stocks: Top Differences & How to Trade Them

Learn the main differences between forex and stocks to understand the best market to trade based on your trading style and strategy.

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Dow Jones Forecast: Three Dow Stocks to Watch in the Week Ahead

Earnings season is underway and some of the market’s largest and most influential corporations will step up to the plate to report their quarterly results next week. Here are three of the most impo...

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Sterling (GBP) Weekly Outlook: Two Steps Forward, One Step Back

GBP/USD continues to move higher, despite Friday’s weakness, as vaccination hopes continue to fuel positive sentiment despite ongoing lockdown fears and downbeat UK data

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US Dollar Firms, Market Sentiment Sours, Oil Prices Dragged Down - US Market Open

Markets are on the defensive to close the week amid renewed COVID concerns

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USD/JPY Outlook: Yen Falters Today but Faces Stout Topside Resistance

The bearish bias remains on USD/JPY while next weeks U.S. economic data may provide a change in sentiment with the Dollar weighing heavily on the pair.

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Bitcoin (BTC) Price Outlook - Trying to Stem Recent Heavy Losses

Bitcoin slumped below $30,000 in early turnover today before clawing back its losses in highly volatile trading

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DAX 30 Forecast: PMIs Provide no Solace as Investors Look for Guidance

A host of economic data will be reported next week by Germany, but will it have an impact on the market?

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Find Your Forex Entry Point: 3 Entry Strategies To Try

Deciding when to enter a trade can be complex because of the many variable inputs that move the forex market.

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Thursday, 21 January 2021

US Dollar Outlook: DXY Eyeing Yearly Lows on Biden Fiscal Stimulus Bets

Accommodative monetary policy conditions and the prospect of additional deficit spending under a Biden administration may continue to undermine the US Dollar in the coming weeks.

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Gold and Crude Oil Prices Watching the US Dollar as the Weekend Nears

Gold and crude oil prices may be at risk as the US Dollar trades higher into the weekend. Ahead, WTI is eyeing a delayed EIA inventory report as XAU/USD watches out for key PMI data.

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S&P 500 Hovers at Record High, Hang Seng and Nikkei 225 Eye Pullback

Asia-Pacific equities opened slightly lower despite Wall Street stocks hovering near their record highs. The Hang Seng Index faces a chart resistance at 30,000 as southbound inflow fell for a third...

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New Zealand Dollar Outlook: Kiwi Aided as CPI Tempers RBNZ Rate Cut Bets

Friday's Asia-Pacific trading session may see the risk-on mood sour following a lull in Wall Street optimism. The New Zealand Dollar is on the move higher as improved inflation data tempers further...

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Implied Volatility: What is it & Why Should Traders Care?

Implied volatility, synonymous with expected volatility, is a variable that shows the degree of movement expected for a given market or security.

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Dow Jones Forecast: Three Dow Stocks to Watch in the Week Ahead

Earnings season is underway and some of the market’s largest and most influential corporations will step up to the plate to report their quarterly results next week. Here are three of the most impo...

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Oil Price Outlook Supported by Forecasts for Lower US Crude Inventory

Fresh data prints coming out of the US may influence the price of oil as crude inventories are projected to contract for the sixth consecutive week.

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Central Bank Watch: BOC & ECB Interest Rate Expectations Update

Both the Bank of Canada and European Central Bank met in recent days, setting the tone for 2021.

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USD/CAD Post-BoC Weakness Persists with RSI Threatening Upward Trend

USD/CAD trades to fresh monthly lows following the BoC rate decision, with the RSI threatening the upward trend established earlier this month.

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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...