Wednesday, 27 January 2021

Natural Gas Rallies on Colder Temperature Outlook, EIA Report in Focus

Natural gas prices rallied on a colder US temperature outlook, with prices breaching above a key technical level. The EIA weekly storage report may decide where prices go next.

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S&P 500 Leads Nikkei 225, ASX 200 Lower as Volatility Spikes

All three major US indices tumbled on Wednesday as short squeezes in GameStop and AMC Entertainment appeared to have triggered broad selling on Wall Street. Apple and Facebook earnings beat expecta...

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NZD/USD, AUD/USD, USD/CAD Waver to FOMC-Induced Greenback Rally

US Dollar strength continued after the Federal Reserve interest rate decision, sinking risk-sensitive currencies like the New Zealand Dollar as traders reassessed market conditions.

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US Dollar Outlook: EUR/USD Under Pressure as Volatility Ramps

EUR/USD price action edged notably lower on Wednesday amid broad-based US Dollar strength as volatility spiked and Fed Chair Powell cautioned markets about a slowing economic recovery.

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Nasdaq 100 Forecast: Bears Battle Retail Traders as Tech Earnings Arrive

Despite a Fed meeting and earnings from some of the market’s largest companies, the finance world was glued to a few single-name stocks that continue to soar. Still, broader sentiment has deteriora...

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How to Short Sell a Stock When Trading Falling Markets

Short selling is a great way to trade on a falling market. Learn how to short stocks

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Oil Price Reverses Ahead of Weekly Low as US Crude Inventories Fall

The price of oil bounces back ahead of the weekly low ($51.82) as fresh data prints coming out of the US show an unexpected contraction in crude inventories.

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Gold Price, Dow, DXY React to January 2021 Fed Rate Decision

The Federal Reserve just released its January 2021 monetary policy update. How is the latest Fed announcement weighing on gold, the Dow Jones, and US Dollar?

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Bitcoin (BTC) Bulls Bid Support, Refuse to Surrender

Bitcoin (BTC) prices continue to consolidate as price action highlights a crucial zone

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Canadian Dollar Price Outlook: USD/CAD Breaks Out Ahead of the Fed

USD/CAD pushed up to a fresh two-week-high ahead of the Federal Reserve rate decision - can bulls continue to push?

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Gold Price Remains Vulnerable as US Treasury Yields Continue to Fall

The price of gold may continue to give back the rebound from the monthly low ($1803) as long as the weakness in longer-dated US Treasury yields persists.

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ECB Elevates Currency War Risks, Retail Traders Claim Short Squeeze Victory - US Market Open

Euro talked down by ECB, US Dollar tracking higher, AUD fails to find inflation lift.

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Sentiment Snapshot (UK): FTSE, GBP/USD, GBP/JPY

This report covers recent price action (UK) in the context of retail client positioning for IG and tends to focus on trending markets or extremely one-sided sentiment

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Crude Oil Price Grinding Back to Multi-Month High on Positive Fundamentals

Brent crude continues to nudge higher, helped by news that Iraq will trim production over the next two months

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US Dollar May Firm on FOMC, Retail Mania Presents a Short Term Risk

FOMC to maintain current policy, focus shifts to Chair Powell’s speech. Retail mania presents a short-term risk

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USD/INR: Indian Rupee Robust After IMF Double Digit Growth Forecast

Indian Rupee has remained resilient this week despite a push back from the U.S. Dollar but will upcoming U.S. announcements derail the downward momentum?

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British Pound (GBP) Latest: GBP/USD Highest Since May 2018, Uptrend Intact

The long-term trend higher in GBP/USD suggests further gains for the pair even after it hit its highest level in almost three years.

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Tuesday, 26 January 2021

US Dollar Outlook: DXY Forms Head and Shoulders Pattern Ahead of FOMC

The US Dollar Index (DXY) is at risk of extending its recent slide lower as prices carve out a bearish Head and Shoulders pattern ahead of the FOMC interest rate decision.

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Gold, Crude Oil Outlook: Will FOMC Meeting Catalyze Price Volatility?

Gold prices traded lower while crude oil prices edged higher ahead of the January FOMC meeting, where investors are looking for the Fed’s take on recent economic developments and future monetary po...

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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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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...