EUR/USD broke below 1.20 last week for the first time since December 1 last year and as traders pile in to US Dollars the pair looks destined to fall further.
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Saturday, 6 February 2021
Gold, Silver Price Forecast: USD and Yields Turn Higher as Economic Data Improves
Precious metals are struggling to hold their ground as uncertainty hedges are unwound.
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US Dollar Forecast: Climbing Inflation Expectations May Underpin USD
The US Dollar may continue to gain ground against its major counterparts in the short term, as a noticeable pickup in inflations fuels bets that the Federal Reserve will taper its bond purchasing s...
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Friday, 5 February 2021
Oil Price Rally Buoyed by Signs of Stronger Demand and Subdued Supply
The price of oil trades to fresh yearly highs as the decline in crude inventories boosts the outlook for consumption while US output sits at its lowest level since 2018.
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Australian Dollar Forecast: S&P 500 Gains Fail to Inspire, Why the Struggle?
The growth-linked Australian Dollar lost some ground despite a rising S&P 500 as the US Dollar received a boost from rising Treasury yields. This dynamic remains important to watch ahead.
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Bitcoin, Ethereum Technical Analysis: Bid into a Busy Weekend
Ethereum futures go live next week and this week saw a massive bullish run in anticipation. Will the futures listing serve to continue the trend or reverse the move?
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WTI US Crude Oil Forecast: Oil Bulls Drive Rally to Fresh Yearly High
WTI US Crude Oil rallies to fresh yearly high after a reduction in inventories boosts gains
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GBP/USD Weekly Forecast: EUR/GBP Bearish Breakdown, More GBP Gains Ahead?
GBP rallies as BoE says no to negative rates , EUR/GBP bearish breakdown.
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Top 10 Candlestick Patterns To Trade the Markets
Discover the 10 most reliable candlestick patterns for trading the financial markets.
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US Dollar Drops, Gold Pops After Soft NFP Report
A slightly weaker than expected NFP headline at 49k, against expectations of a 50k.
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USDJPY Price Outlook: US Dollar Strength Driving USDJPY to Multi-Week Highs
The ongoing strength of the US dollar has forced USDJPY back through an old area of resistance, with the pair now eyeing further gains
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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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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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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...
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British Pound (GBP) Latest: GBP/USD Nudges Higher, FTSE 100 Picks-Up as President Trump Takes ActionThe British Pound is registering small opening gains and the FTSE 100 is nudging higher after US President Trump announced new COVID-19 aid ...