Friday, 5 February 2021

Australian Dollar Forecast: Key AUD/USD, AUD/NZD Levels to Watch

Dovish RBA curbs Australian Dollar upside AUD/NZD downside risks remain

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South African Rand Outlook: ZAR Remains Upbeat Leading up to NFP

The Rand continues to strengthen as NFP data is released later today

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GBP/USD, EUR/GBP: British Pound Cheers Distancing from Negative Rates

The British Pound picks ups bullish momentum as the Bank of England pushes back on NIRP

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Gold Prices May Fall Further as US Jobs Data Drives Fed Outlook

Gold prices may continue to sink as US employment and wage inflation data encourage more active speculation about the timeline for Fed stimulus withdrawal.

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Thursday, 4 February 2021

US Dollar Price Outlook: USD/CAD Aiming Higher with NFP in Focus

The US Dollar may continue to gain ground against its Canadian counterpart as a noticeable pickup in inflation fuels tapering bets ahead of the NFP report for January.

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Indian Rupee Gains, Nifty 50 Weakens on RBI Rate Hold. USD/INR Eyeing Support

The Indian Rupee rose as the Nifty 50 slightly fell after the RBI left benchmark rates unchanged despite recent weakening inflation and a massive fiscal spending plan. Will USD/INR bounce?

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S&P 500 Leads Hang Seng, ASX 200 Higher Ahead of NFP, Kuaishou IPO Eyed

The S&P 500 and Dow Jones indices closed at record highs on stimulus progress, while the US Dollar rose ahead of NPFs. Short-video app Kuaishou is debuting in HK today, marking the largest tech IPO...

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Bitcoin Price Forecast: Did Elon Musk Materially Alter Bitcoin's Outlook?

Bitcoin may have rallied briefly after Elon Musk mentioned the cryptocurrency on Twitter, but did the short-lived surge materially alter the longer term forecast? It may have.

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Australian Dollar Eyes RBA Lowe Speech, AUD/JPY at Technical Juncture

Australian Dollar strength is attempting to search out new price levels as the RBA maintains a dovish posture. Meanwhile, AUD/JPY is attempting to clear a Descending Triangle pattern.

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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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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...