Friday, 29 January 2021

South African Rand Price Action Setups: USD/ZAR, GBP/ZAR

Economic and political uncertainty continues to weigh on the South African Rand.

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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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British Pound Price Action Setups: GBP/USD, GBP/JPY

GBP marches towards potentially key levels in GBP/USD and GBP/JPY.

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British Pound Outlook: Bank of England and Covid-19 will Drive GBP Price Action

The latest Bank of England (BoE) monetary policy decision will be the main focus for Sterling traders, but covid-19 stats and the EU/UK vaccination dust-up will also move GBP next week

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Gold Price Forecast: Bullion to Track Rise in US Treasury Yields

The price of gold may continue to retrace the decline from the monthly high ($1959) as bullion largely tracks the rebound in longer-dated US Treasury yields.

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Bitcoin Price Forecast: Will Retail Traders Pile into Bitcoin Next?

Bitcoin bounced off support as other speculative favorites like GameStop, AMC and BlackBerry suffer staggering losses following invention from brokerages. Will Bitcoin benefit from the current clim...

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USD/JPY and GBP/JPY Outlooks - Strong Trends But Overbought Signals are Flashing

The Japanese Yen remains weak against the US dollar and Sterling and this trend may continue despite market conditions looking overbought.

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Key Risks for February: Bank of England and RBNZ Decisions in Focus

Bank of England to provide update on negative rates, while RBNZ could offer a surprise.

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Euro Forecast: EUR/USD Upside Capped, Germany Avoids Q4 Contraction

German GDP beats analyst estimates, while ECB steps up Euro jawboning.

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BTC/USD Price Forecast: Bitcoin Looking Vulnerable Before Elon Musk Stepped In

Bitcoin breaks above significance resistance as Elon Musk signals his support for the cryptocurrency

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Thursday, 28 January 2021

Canadian Dollar Outlook: USD/CAD to Push Higher as Risk Appetite Fades

The Canadian Dollar may continue to come under pressure against the Greenback as risk appetite notably fades. However, falling coronavirus case numbers may ultimately limit CAD’s downside.

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Gold Prices May Fall as Market Rout Resumes, Boosting US Dollar

Gold prices may succumb to selling pressure if a broad-based market selloff resumes, boosting haven demand for the US Dollar. Upbeat PCE inflation data might encourage weakness.

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S&P 500 May Lead Hang Seng, ASX 200 Higher Amid Reddit Stock Frenzy

The S&P 500, Dow Jones and Nasdaq 100 indices rebounded on Thursday as several brokerage platforms restricted buying in GameStop and AMC to cool retail speculation. Asia-Pacific equities may follow...

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AUD/JPY, AUD/NZD Turn Higher on Wall Street Optimism

US equity markets bounced back on Thursday after a sharp selloff the day prior. Asia-Pacific trading is set to extend higher, with the Australian Dollar benefiting, but potential headwinds may be o...

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Bitcoin Price Forecast: Will Retail Traders Pile into Bitcoin Next?

Bitcoin bounced off support as other speculative favorites like GameStop, AMC and BlackBerry suffer staggering losses following invention from brokerages. Will Bitcoin benefit from the current clim...

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AUD/USD Outlook Mired by Failure to Retain Monthly Opening Range

Failure to retain the opening range for January may lead to a larger correction in AUD/USD as the RSI continues to track the downward trend established earlier this year.

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Silver Price Outlook: XAG/USD Breaks Out, Can Bulls Drive Rally?

Silver price put in a strong breakout this morning, even as Gold prices remain somewhat subdued. Are Silver markets nearing a more significant breakout?

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How to Research Stocks: A Step by Step Guide

Do you know how to research stocks? Keep reading for insights and tools to supplement your stock investing strategy.

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USD/CAD Susceptible to Larger Correction as RSI Divergence Persists

USD/CAD may stage a larger correction over the remainder of the month as the RSI continues to diverge with price and tracks the upward trend from December.

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US Dollar, Gold, Silver Price Action - US Q4 GDP Matches Expectations

The first look at US GDP in Q4 saw an increase of 4%, confirmation a 2020 3.5% contraction

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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...