Wednesday, 10 February 2021

Fed Chair Powell Maintains Cautious Outlook, Dollar Slightly Stronger

Fed Chair Powell spoke Wednesday about the state of the US labor market, discussing the need to remain accommodative in the coming months as the job market shows signs of a slowing recovery.

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Bullish AUD/USD Price Sequence Emerges on Break of Monthly Open Range

AUD/USD carves a bullish price sequence after breaking out of the opening range for February, with the RSI clearing the downward trend established earlier this year.

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USD/JPY Pops as BoJ Takes a Leaf Out of the ECB’s Currency War Book - US Market Open

USD/JPY pops, Euro gains set to continue, US CPI misses expectations.

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Implied Volatility: What is it & Why Should Traders Care?

Implied volatility, synonymous with expected volatility, is a variable that shows the degree of movement expected for a given market or security.

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Canadian Dollar Outlook: Key USD/CAD, CAD/JPY Levels to Watch

Canadian Dollar rides the USD bearish trade. CAD/JPY momentum remains positive

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XAU/USD: Inflation Expectations Hint at Gold as Best Store of Value

Gold price attempts further upside as both fundamentals and technical s offer support

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Euro Price Outlooks - EURUSD Gaining on USD Weakness, EURGBP Falling on Sterling Strength

Two of the main Euro-pairs are being shifted around by conflicting forces, while the single-currency is trying to edge higher

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British Pound (GBP) Latest: GBP/USD Rising, Well Positioned to Climb Further

GBP/USD looks to be in demand having broken above 1.38 and a further advance, thanks to a persistently weak US Dollar, is now probable.

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Tuesday, 9 February 2021

US Dollar Forecast: USD/JPY Rebound at Risk with Inflation Data on Tap

The USD/JPY exchange rate is perched above key technical support with US inflation figures on tap, as fiscal stimulus progress and a dovish Federal Reserve weigh on USD.

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Crude Oil Prices Retreat in Asia as Demand Concerns Overweight Stimulus Hopes

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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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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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...