Monday, 8 February 2021

Gold Price Forecast: XAU/USD Pulls Back to Resistance After Break Down

Gold prices broke down with aggression last week; but helped along by a USD breakdown around NFP, price action has already perked back-up. Can Gold bulls hold the line?

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EUR/USD Rate Trades in Descending Channel, RSI Retains Bearish Trend

EUR/USD appears to be trading within a descending channel after snapping the January range, with the RSI still tracking the downward trend carried over from December.

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Crude Oil Prices Soaring, S&P 500, Dow Jones Heading Higher - US Market Open

Crude Oil Prices break above $60 as gains continue. S&P 500 and Dow Jones start the week on the front foot.

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Markets Week Ahead: Dow Jones, Nasdaq, US Dollar, Gold, Treasuries, Central Bankers

Market sentiment recovered, with the Dow Jones, S&P 500 and Nasdaq Composite charging higher. Yet, the anti-risk US Dollar stabilized amid rising longer-term Treasury yields, pressuring gold prices...

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Bitcoin Soars After Elon Musk Says Tesla Invested $1.5billion in BTC

BTC/USD is printing a new all-time high after Elon Musk invests in Bitcoin

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EUR/USD Struggling to Find Traction as US Bond Yields Rise

The Euro remains on the defensive against the US dollar at the start of the week as US Treasury yields continue to creep higher.

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DAX 30 Aiming at All-Time High, Will Momentum Hold?

Equity markets continue to head higher as vaccine hopes keep sentiment supported

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Bitcoin (BTC/USD), Ethereum (ETH/USD) Outlooks - Setting Up for Fresh Highs?

Bitcoin and Ethereum continue to shrug off any attempt by sellers to take control of the market and look set to print new highs

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British Pound (GBP) Latest: Key GBP/USD, GBP/JPY, EUR/JPY Levels to Watch

GBP/USD faces topside hurdle. GBP/JPY eyes 2020 peak. EUR/GBP remains bearish below 0.8860.

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Sunday, 7 February 2021

Dow Jones, S&P 500 Outlook: Weak Jobs Data Bolsters Calls for Stimulus

The Dow Jones and S&P 500 may extend their respective climbs to fresh record highs on the back of intensifying calls for stimulus, falling Covid-19 infections and rising vaccination rates.

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US Dollar Outlook: SGD, THB at Risk as Treasury Yields Rise. USD/PHP Eyeing BSP

The US Dollar may continue stabilizing versus the Singapore Dollar as longer-term Treasury yields rise. USD/PHP is eyeing the Philippine central bank, with USD/INR facing Indian CPI data.

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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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Markets Week Ahead: Dow Jones, Nasdaq, US Dollar, Gold, Treasuries, Central Bankers

Market sentiment recovered, with the Dow Jones, S&P 500 and Nasdaq Composite charging higher. Yet, the anti-risk US Dollar stabilized amid rising longer-term Treasury yields, pressuring gold prices...

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Will the S&P 500 Extend Its Record Rally Against Rising Yields and USD?

An improved fundamental picture, positive earnings guidance and stimulus hopes appeared to have rejuvenated stock markets’ rally, but rising longer-dated yields and a stronger USD may cloud the out...

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Saturday, 6 February 2021

Euro Forecast: EUR/USD Outlook Bleak as Traders Rush for US Dollars

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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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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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...