Wednesday, 3 February 2021

British Pound (GBP) Latest: No End Yet in Sight for EUR/GBP Losses

Having broken below an important support line on the charts, EUR/GBP is continuing to decline and it would be no surprise if it fell even further.

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How to Manage the Emotions of Trading

Controlling emotions while trading can prove to be the difference between success and failure.

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Tuesday, 2 February 2021

Euro Outlook: DXY Strength Hampering EUR/USD Ahead of Inflation Print

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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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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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...