Tuesday, 26 January 2021

Yen, Dollar May Extend Rise as Stocks Fall After China Drains Liquidity

The anti-risk Yen and US Dollar rose while stocks swooned in Asia-Pacific trade as China pulled close to US$12 billion from the banking system. More of the same may be ahead.

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Monday, 25 January 2021

US Dollar Forecast: Stuck Between Treasuries, Equities as Emerging Markets Push On

Will the US Dollar fall versus the Singapore Dollar, Taiwanese Dollar and Philippine Peso if a fiscal stimulus delay pressures Treasury yields? The Fed and earnings may keep risk appetite intact.

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Dow Jones, Hang Seng, Nikkei 225 Outlook: Will the Rally Carry on?

Wall Street stocks were mixed overnight as markets adjusted expectations for the US fiscal stimulus plan. A strengthening US Dollar may undermine Asia-Pacific equities following Monday’s strong rally.

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Bitcoin, Ethereum Outlook: ETH Poised to Outperform BTC in Near Term

The Bitcoin/Ethereum ratio’s break to its lowest levels since August 2018 suggests that ETH may continue to outperform BTC in the coming weeks. Key levels to watch for Bitcoin and Ethereum.

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US Dollar Outlook: EUR/USD Stumbles Lower as Fed Meeting Looms

The US Dollar traded on its front foot Monday as EUR/USD price action edged lower and helped bolster the broader DXY Index. Can US Dollar strength continue with a Fed decision due later this week?

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Gold Price Forecast: Precious Metal Consolidates Ahead of Next Big Move

Gold has slipped into consolidation mode around the midpoint of its descending channel from August. Shorter term traders can look to nearby technicals for influence as the fundamental case holds st...

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EUR/USD Still Susceptible to Larger Pullback as RSI Divergence Remains

EUR/USD remains susceptible to a larger pullback as long as the Relative Strength Index (RSI) diverges with price and tracks the downward trend from December.

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FX Week Ahead - Top 5 Events: UK Jobs, Australia Inflation, Fed Meeting, Mexico & US GDP

The last week of the month brings about the usual smattering of event risk from around the globe.

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Silver (XAG/USD) Side-steps Ahead of major risk events

Silver prices have maintained their rangebound momentum in anticipation of US economic data

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Mexican Peso Price Forecast: USD/MXN Above 20.00 as Bulls Break Out

USD/MXN is breaking out to the upside to resolve a short-term falling wedge. But there's a longer-term wedge that remains in-play - can bulls evoke a test?

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AUD/USD Monthly Range in Focus with Australia CPI, Fed Meeting on Tap

Key market themes may keep AUD/USD afloat ahead of the Federal Reserve’s first meeting for 2021 as US officials rely on their non-standard tools to support the economy.

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US Dollar Steady, Euro Slips, GBP Benefits From Vaccine Success - US Market Open

US Dollar awaits FOMC risk. Tech stocks outperform ahead of key earnings, while EUR/GBP eyes support.

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Euro Dollar Forecast: EUR/USD Bullish or Bearish Amid Major Events

EUR/USD remains at the discretion of major economic events

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Gold Price (XAU/USD) Unable to Break Through Technical Chart Resistance

Gold is starting the week little changed with a cluster of moving averages continuing to frustrate precious metal bulls.

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USD/JPY Price Analysis: Japan’s Tighter Lockdown and FOMC in Focus

USD/JPY approaches long-term descending trendline. Will the anticipated US stimulus proposal of $1.9 trillion send the currency pair lower?��

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CAC 40 Under Pressure as France Struggles to Contain the Virus

The 7-day rolling average remains above 20,000 in France despite strict measures to try and contain the virus

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British Pound (GBP) Latest: GBP/USD Upside Intact, EUR/GBP Outlook Bearish

GBP stands to outperform on vaccine rollout success. EUR/GBP rallies faded as key support nears.

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USD/ZAR Outlook: Rand Resilient Despite ANC Lekgotla and US Flight Ban

Seemingly detrimental weekend announcements for the Rand has not swayed the Emerging Market currency USD/ZAR is down 0.43% today. How will the week unfold with key data due this week?

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Sunday, 24 January 2021

DAX 30 Outlook: Eyeing Yearly High with Business Climate Data in Focus

Germany’s benchmark DAX 30 index may continue pushing higher, despite diminishing growth forecasts for 2021, as the number of daily coronavirus cases notably decreases.

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Gold, Crude Oil Outlook: Big Week Ahead with FOMC, US Q4 GDP in Focus

Gold and crude oil prices retreated slightly ahead of a busy week: the FOMC meeting, US 4Q GDP and core PCE inflation data may lead to heightened volatility in commodity prices.

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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...