Thursday, 4 February 2021

USD/JPY Price Outlook: US Dollar Eyes Monthly Jobs Report Due

USD/JPY price action spiked to a 12-week high on Thursday as US Dollar strength continues broadly headed into the potentially high-impact release of monthly nonfarm payrolls data.

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Stock Market Forecast: Earnings and Volatility Set to Continue in February

The US indices endured considerable volatility in the tail end of January which might carry over into February as seasonality and earnings season look to influence price action.

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Gold Price Susceptible to Bearish RSI Signal on Break of January Range

The Relative Strength Index (RSI) may indicate a further decline in the price of gold if the oscillator crosses below 30 and pushes into oversold territory.

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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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FTSE 100 Forecast: Have Recent Losses Upended the Bullish Outlook?

The FTSE 100 suffered losses over the last few weeks, sending the index beneath key support and erasing weeks of hard-fought gains. Can the index recover and continue higher?

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US Dollar Price Action Pre-NFP: EUR/USD, GBP/USD, USD/CAD

King Dollar on the return? The US Dollar has started February on a bullish note, but tomorrow brings a key test with the release of Non-farm Payrolls.

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Central Bank Watch: BOC, RBA, & RBNZ Interest Rate Expectations Update

The commodity currencies have stumbled out of the gates in 2021. Their central banks are steadfast.

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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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Bitcoin Rallies into Resistance while Ethereum Hits All-Time High

Bitcoin and Ethereum continue to climb, testing key levels

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Oil Price Overbought RSI Signal Persists as US Inventories Contract

The overbought signal in the Relative Strength Index (RSI) may continue to coincide with higher oil prices like the behavior seen earlier this year.

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Forex Vs Stocks: Top Differences & How to Trade Them

Learn the main differences between forex and stocks to understand the best market to trade based on your trading style and strategy.

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Bank of England says Negative Rates Are Not Coming, GBP/USD Jumps

BoE policy left unchanged, while signalling that they do not intend to take rates negatives in foreseeable future.

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Currency Volatility - US Dollar Gains, EUR/USD Cracks, USD/JPY Breakout

Currency volatility remains subdued, USD grinds higher, Euro breaks 1.20 and USD/JPY eyes 200DMA

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Gold and Silver Slammed Lower as the US Dollar Flexes its Muscles

Gold and silver are both firmly in the red today, and look set to fall further, as the US dollar continues to move higher on rising US Treasury yields.

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GBP/USD Breaking Lower, Lift Likely if Bank of England Rules Out NIRP

GBP/USD has broken downwards from a rising channel on the charts, suggesting further losses. However, a rally is possible if BoE Governor Bailey rules out negative interest rates in the UK.

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Find Your Forex Entry Point: 3 Entry Strategies To Try

Deciding when to enter a trade can be complex because of the many variable inputs that move the forex market.

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Wednesday, 3 February 2021

British Pound Outlook: EUR/GBP Testing Support with BoE Meeting on Tap

The upcoming Bank of England’s monetary policy meeting will likely determine the British Pound’s medium-term trajectory, with policymakers expected to address the possibility of negative rates.

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Crude Oil Surges as Economic Recovery Aids Outlook, Copper Faces Technical Hurdle

Crude oil prices surged higher after inventory figures and OPEC+ developments underpinned the fundamental backdrop for commodities. Meanwhile, copper faces a bearish Descending Triangle.

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Dow Jones, ASX 200, Nikkei 225 Forecast: Jobless Claims, Stimulus in Focus

Asia-Pacific stocks are poised for a mixed open as a rally in US equities cooled. President Joe Biden’s 1.9 trillion Covid-relief package, labour market conditions and a steepening Treasury yield c...

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Australian Dollar Outlook: AUD/USD Eyes Trade Data - Rebound or Breakdown?

Wall Street held onto recent gains as rising oil prices boosted the energy sector. Meanwhile, the Australian Dollar is eyeing December trade data for its next move.

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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...