The divergence in rhetoric between the ECB and Federal Reserve may weigh on EUR/USD, as several Governing Council members hint at additional interest rate cuts.
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Tuesday, 2 February 2021
Gold, Crude Oil Forecast: Stimulus, Treasury Yield and Pandemic in Focus
Gold prices moved slightly higher as the retail trading frenzy faded. Crude oil prices advanced to a 12-month high amid stimulus hopes and falling crude inventories.
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Bitcoin (BTC) Playing Catch Up as Ethereum (ETH) Surges to Fresh Highs
The BTC/ETH ratio suggests that Ethereum may outperform its more popular counterpart in the near term. However, Bitcoin looks set to follow ETH higher after breaching key resistance.
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Nasdaq 100, Hang Seng, ASX 200 Rise on Big Tech Earnings Boost
A strong finish on Wall Street may encourage another ‘risk-on’ session across Asia-Pacific markets. Upbeat earnings from Alphabet, Amazon and Alibaba set a favourable tone for the tech-led rally.
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AUD/NZD Plunges as Stellar Jobs Data Boosts New Zealand Dollar Sentiment
Wall Street added to Monday's gain, led by the Dow Jones Industrial Average. The New Zealand Dollar is gaining against its major FX pairs, with AUD/NZD breaking sharply lower.
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Dow Jones & S&P 500 Recover, Amazon and Google Earnings Impress
Alphabet and Amazon, companies worth more than $3.3 trillion combined, reported earnings Tuesday afternoon. The impressive results might set the stage for a continued rebound in sentiment.
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AUD/USD Outlook: RSI Extends Downward Trend Following RBA Meeting
The Relative Strength Index (RSI) continues to warn of a larger correction in AUD/USD as the indicator extends the downward trend established earlier this year.
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Bitcoin’s (BTC/USD) Silver (XAG/USD) Lining
Bitcoin and Silver remain on the move after a volatile couple of weeks
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Oil Price Rally Triggers Overbought RSI Signal Ahead of OPEC Meeting
The OPEC Joint Ministerial Monitoring Committee (JMMC) meeting may lead to higher oil prices as the group and its allies “stand ready to take any necessary actions.”
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USD Breakout, Silver Double Top, EUR/USD, Gold Breakdown - US Market Open
US Dollar in recovery mode. Silver reverses gains. EUR/USD and Gold breaking down.
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Market Sentiment Improving But EUR/USD, EUR/GBP Weak | Webinar
Trader confidence is broadly positive thanks to hopes of a US stimulus package and vaccine rollouts but the Euro is weak.
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FTSE 100 Forecast: Lagging its Peers on Lacklustre Earnings and Silver Correction
Disappointing BP earnings cause the FTSE 100 to lag its European Peers
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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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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...
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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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Gold managed to trade higher on Tuesday, maintaining its bullish run ahead of key US growth and PCE inflation data. Subdued gold volatility ...