NZD/USD Breaks Out of Narrow Range Ahead of FOMC Rate Decision

The FOMC rate decision may do little to derail the bullish price action in NZD/USD as the central bank relies on its non-standard tools to support the US economy.

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US Recession Watch, January 2021 - Slowing Growth Evident as Calendar Turns

Although US Treasury yields have risen in recent weeks, 4Q’20 growth expectations have slid. A double dip recession may or may not be avoided.

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Oil Price Forecast: US Crude Oil Price Action Indecisive Ahead of FOMC

WTI US Crude Oil remains encapsulated within a channel prior to major event risk

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Gold Price Forecast: XAU/USD Resistance Bound Ahead of the Fed

Gold prices are going on six months of digestion now as markets like Bitcoin or Gamestop have went ballistic. Will the Fed wave the red flag tomorrow to let the bulls run?

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USD/CAD Outlook Clouded by RSI Divergence Ahead of FOMC Rate Decision

The recent rebound in USD/CAD appears to be stalling ahead of the Federal Reserve’s first meeting for 2021 even as the RSI diverges with price.

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NZD Outperforms, EUR/GBP Back to Key Support, AUD Awaits CPI - US Market Open

Turnaround Tuesday as equities firm. NZD tracks risk sentiment higher. Traders continue to buy the GBP dip.

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Italian PM Conte Resigns, What Happens Next? - Euro Outlook

Italian politics in focus as PM Conte confirms resignation.

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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.

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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

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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.

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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.

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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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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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