Thursday, 11 February 2021

Gold Price Forecast: US Dollar Drop Lifts Gold - Topside Levels in Focus

Gold spends brief period 1800 as US Dollar selling resumes. Gold and real yields decoupled for now

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IBEX 35 Forecast: Technical Pattern Suggests Further Bearish Pressure

The Spanish stock market is struggling to see much upside as the economic outlook remains unsure

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Bitcoin (BTC/USD) Price Outlook - Mastercard Preparing Crypto Payments, Will Twitter Follow Tesla?

A cluster of the world’s largest companies are now looking at Bitcoin, and other stable coins, as a potential means of digital payment

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British Pound (GBP) Latest: GBP/USD Trend Higher Still Intact

GBP/USD continues to gain ground, and could well gain more, as the US Dollar is weakened by a dovish Fed, the prospect of more free money and a benign US inflation outlook.

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Wednesday, 10 February 2021

Canadian Dollar Forecast: Declining Infections, Oil Prices to Buoy CAD

The notable decline in local coronavirus infections, in tandem with crude oil’s surge to post-crisis highs, may buoy the Canadian Dollar against its haven-associated counterparts.

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Platinum Price Charges to 6-Year High, Crude Oil Eyeing OPEC Outlook Report

Platinum rose to a 6-year high as crude oil prices wobbled during a choppy session for the S&P 500. Platinum may be at risk of fading price momentum, with oil eyeing OPEC’s monthly report.

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Gold, Silver Forecast: Real Rates, Weak USD May Underpin XAU, XAG

Climbing inflation expectations, falling real rates of return, and a weaker US Dollar may bolster precious metal prices and pave the way for gold and silver to move higher.

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Dow Jones, Hang Seng, ASX 200 Outlook: Chinese New Year Bringing Lower Liquidity

Asia-Pacific equities look set to open lower following a mixed session on Wall Street. Chinese stock markets are shut for the week-long Chinese New Year holiday, while HK is trading half-day. Weake...

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US Dollar Outlook: USD/MXN Volatility to Rise as Banxico Looms

US Dollar bears took a breather during Wednesday's trading session while market sentiment softened. USD/MXN looks ripe for volatility in light of the Banxico rate decision due.

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Gold Price Forecast: XAU/USD Runs into Resistance, Will it Reverse Lower?

Gold has endured a volatile February thus far after suffering a rapid decline to start the month followed by an about-face that saw most losses recouped. Now encountering resistance, will gold reve...

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Oil Price Eyes Channel Resistance as Inventories Fall for Third Week

The price of oil approaches the upper bound of the ascending channel established in November as US crude inventories contract for the third consecutive week.

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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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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...