Tuesday, 2 February 2021

Euro Latest: EUR/USD Breakdown, EUR/JPY Capped - EU GDP Shrugged Off

Eurozone GDP provides little support given unsurprising beat. Euro breaks down with US Dollar in recovery mode.

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British Pound (GBP) Latest: EUR/GBP Breaking Lower, More Losses Possible

A sharp drop in EUR/GBP over the last few weeks has taken it well below an important support line on the charts, suggesting further falls are likely.

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Japanese Yen: USD/JPY Hits 105.00 as U.S. Stimulus Optimism Reemerges

USD/JPY hits key resistance at 105.00 but has bullish momentum run out of steam?

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Monday, 1 February 2021

Dow Jones, Nasdaq 100 May Rise on Stimulus Hopes, Vaccination Progress

The Dow Jones and Nasdaq 100 may continue moving higher in the near term, as investors cheer progress on the coronavirus vaccination front and the prospect of additional fiscal stimulus.

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NFP and Forex: What is NFP and How to Trade It?

Non-farm payroll figures are highly anticipated by forex traders. Find out how they affect trading.

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US Dollar Forecast: USD/SGD, USD/THB, USD/IDR Holding Despite Stock Volatility

Despite stock market volatility, the anti-risk US Dollar struggled to capitalize against the Singapore Dollar, Thai Baht and Indonesian Rupiah. What is in store for it this week?

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Australian Dollar Falls as RBA Adds Second Round of Bond Purchases

The Australian Dollar reacted to the downside as the latest RBA policy decision crossed the wires, with the cash rate and 3-year bond target remaining at 0.10%.

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S&P 500, ASX 200, Silver Price Outlook: Tech-Led Rally as Viral Cases Drop

A strong rebound in US equities may lead Asia-Pacific markets higher, with technology and mining stocks in focus. The CME raised silver future margins by 18% amid heightened volatility in the preci...

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New Zealand Dollar Outlook: NZD/USD Eyeing Jobs Report, Wall Street Bounces Back

NZD/USD is awaiting New Zealand Q4 employment data over the next 24 hours after Monday's Wall Street session. There, the S&P 500 and Dow Jones roared back to life as Silver prices soared.

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US Dollar Outlook: AUD/USD Primed for Volatility with RBA on Tap

The US Dollar strengthened broadly throughout Monday's trading session and pushed the DXY Index to eight-week highs. AUD/USD price volatility might intensify around the RBA decision due.

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Nasdaq 100 Forecast: Risk Appetite Returns as Retail Traders Relent

The Nasdaq 100 opened considerably higher to start the week as it surged throughout the session to recoup much of last week’s losses. Volatility remains high, but the technical outlook is construct...

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FX Week Ahead - Top 5 Events: BOE & RBA Rate Decisions; Canada, New Zealand, US Jobs Reports

The first week of a new month brings about significant event risk.

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NZD/USD Rate Holds in January Range Ahead of NZ Employment Report

NZD/USD may continue to consolidate ahead of the update to New Zealand’s Employment report amid the failed attempt to test the January low (0.7096).

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Canadian Dollar Price Forecast: USD/CAD, CAD/JPY, EUR/CAD

The Canadian Dollar carries potential this week, with CAD-weakness showing against USD and CAD-strength against JPY and even the Euro.

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EUR/USD Bounces Ahead of January Low Again But RSI Divergence Persists

EUR/USD bounces back ahead of the January low (1.2054), but the exchange rate may face a larger pullback as the RSI still tracks the downward trend from December.

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January ISM Manufacturing PMI Misses Expectations, USD Remains Strong

The ISM Manufacturing PMI Report for January remained expansionary but fell below expectations, showing potential challenges in the manufacturing sector as the economic rebound softens.

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USD Firms, Silver Price Spikes on Reddit Short Squeeze Frenzy, Euro Slips - US Market Open

Markets have staged a modest recovery from Friday’s weak close. Silver spikes to $30.

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How to Learn Technical Analysis with DailyFX

Getting started in technical analysis can seem daunting but understanding the basics will build a solid foundation. Learn more...

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Markets Week Ahead: Gold, Dow, Euro-Area GDP, NFPs, BoE & RBA Eyed

Markets gyrated wildly this past week as traders reacted to a barrage of headlines ranging from central bank commentary to GameStop stock price volatility. What's in store for the week ahead?

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Bitcoin (BTC/USD) and Ethereum (ETH/USD) Outlooks Differ in the Short-Term

Bitcoin (BTC/USD) remains slightly better bid but further upside looks increasingly difficult to call in the short-term

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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...