Tuesday, 26 January 2021

USD/JPY Outlook: Yen Stable After BoJ Invites More ETF Flexibility

USD/JPY consolidates after uncertainty in global markets however, this week should provide high volatility with multiple U.S. focused data scheduled.

from DailyFX - Market News https://ift.tt/39iZkAT
via IFTTT

DAX 30 Attempts to Push Higher, EUR/USD Hovering Above Key Support

US volatility increases as speculative traders pile in whilst Europe struggles to get a grip

from DailyFX - Market News https://ift.tt/3c6GJK2
via IFTTT

Bitcoin (BTC) Continues to Struggle While Ethereum (ETH) Comes Off a Fresh All-Time High

Bitcoin (BTC/USD) continues to struggle to move higher and yesterday’s bearish candle may cap any further upside in the short-term.

from DailyFX - Market News https://ift.tt/2MmXLJ8
via IFTTT

British Pound (GBP) Latest: GBP/USD Falling After UK Unemployment Data

GBP/USD is sliding in early European trade Tuesday despite the release of marginally better than expected UK jobs data, with a firmer US Dollar adding to its weakness.

from DailyFX - Market News https://ift.tt/3sWp5P8
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3a81fXQ
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3piRXyF
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3ocPGUs
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3pkH3sa
via IFTTT

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?

from DailyFX - Market News https://ift.tt/3iJyEfH
via IFTTT

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...

from DailyFX - Market News https://ift.tt/2Mm1zdu
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3iPzyaj
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3qUOO8z
via IFTTT

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

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

from DailyFX - Market News https://ift.tt/39VzHow
via IFTTT

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?

from DailyFX - Market News https://ift.tt/39g3dX6
via IFTTT

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.

from DailyFX - Market News https://ift.tt/39dXC3p
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3sXOQhR
via IFTTT

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

EUR/USD remains at the discretion of major economic events

from DailyFX - Market News https://ift.tt/2LSBoLL
via IFTTT

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.

from DailyFX - Market News https://ift.tt/2NzjPAN
via IFTTT

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?��

from DailyFX - Market News https://ift.tt/3omIqWk
via IFTTT

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

from DailyFX - Market News https://ift.tt/3iIy8hT
via IFTTT

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...