Crude oil prices retreated slightly from a 12-month high during Wednesday’s APAC session as traders questioned the sustainability of the rally. Reflation expectations and stimulus hopes have likely...
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Tuesday, 9 February 2021
S&P 500, ASX 200, Nikkei 225 Forecast: Stimulus, Inflation Data in Focus
US equity indices hovered near record highs as investors awaited President Joe Biden’s US$ 1.9 trillion Covid-relief package. Asia-Pacific stocks are poised for a mixed open as the US Dollar retrea...
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Moving Average (MA) Explained for Traders
The Moving Average is a popular indicator for identifying trends. Learn how to use and interpret MA.
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US Dollar Outlook: GBP/USD Breakout Eyed as Risk Rally Prevails
US Dollar bulls succumbed to another wave of weakness on Tuesday as the reflation trade forges ahead. Does this tee up GBP/USD price action for a breakout?
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Dow Jones & Crude Oil Forecast: Will a Crude Oil Breakout Boost the Dow?
Energy stocks maybe benefit from a recent break higher in crude oil prices as the commodity pushes to its highest level since January 2020. Would a rise in energy stocks boost the Dow Jones?
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Silver Price Forecast: XAG/USD Bid Back Above 27 - Can SLV Hold?
Silver put in a pronounced breakout to start last week, but quickly broke down. Can bulls re-claim the 30 handle or is a larger reversal brewing ahead?
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Bitcoin Bulls Backed by Tesla, CME launches Ethereum futures
Tesla’s Bitcoin buy-in drives price action to fresh highs while Ether lags behind
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USD/CAD Snaps February Opening Range to Put Upward RSI Trend at Risk
USD/CAD snaps the opening range for February and the RSI may offer a bearish signal if the indicator fails to retain the upward trend from earlier this year.
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Currency Volatility Subdued, USD Drops, EUR & GBP Benefit - US Market Open
Safe-havens outperform as USD reverses. EUR tops 1.21 and GBP eyes 1.38
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Japanese Yen Latest: USD/JPY Reversal, EUR/JPY Coiling for a Breakout
USD/JPY rejects 200DMA, however, reversal may find dip buyers. EUR/JPY coiling for a breakout
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South African Rand Outlook: ZAR Robust Despite Vaccine Interruption
Confusion around vaccine efficacy has not stopped Rand bulls as USD/ZAR continues its push lower toward key support levels
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FTSE 100 Forecast: Mean-Reverting at Current Range as Fundamentals Play Out
The FTSE 100 is unable to benefit from bullish momentum and remains around its 61.8% Fibonacci
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US Dollar Sell-Off Continues as Risk Markets Remain Buoyant
The US dollar sold-off for the second day as investors continue to look at risk markets positively despite some lofty valuations
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British Pound (GBP) Latest: GBP/USD Breaks Higher, More Gains Likely
GBP/USD has strengthened, climbing back above the January 27, 2021 high at 1.3759, hitting its highest level since April 2018 and well placed to advance further.
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Monday, 8 February 2021
Euro Forecast: EUR/USD Buoyed by Stimulus Despite Slow Vaccination Rate
The Euro-area’s cumbersome vaccine rollout, in tandem with a notable rise in inflation expectations, may cut short the Euro’s recovery against the US Dollar.
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Gold, Silver Price Forecast: Edging Higher as the US Dollar Retreats Lower
Gold and silver prices moved higher as the US Dollar eased from recent highs. Precious metal prices are backed by rising inflation expectations as fiscal stimulus appears to be down the road.
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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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Dow Jones Hits Record on Stimulus, Will Hang Seng and ASX 200 Follow?
Asia-Pacific equities may embrace another “risk-on” session as major US indices broke fresh highs on hopes that Democrats will push through a large stimulus bill. Crude oil climbed. Bitcoin soared ...
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How to Short Sell a Stock When Trading Falling Markets
Short selling is a great way to trade on a falling market. Learn how to short stocks
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Bitcoin Price Analysis: Tesla Adoption Propels BTC/USD to Record Highs
Tesla’s adoption of Bitcoin as a form of payment has propelled the cryptocurrency to fresh record highs. Rising inflation expectations may also bolster BTC in the near term.
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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 ...