The Euro may continue its rebound against the US Dollar on the back of the impending provision of a substantial fiscal stimulus package from the Biden administration.
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Sunday, 14 February 2021
Gold, Platinum Forecast: Will Supply Shortfall Drive Wider Price Divergence?
Platinum prices extended gains to six-year highs, driven by supply shortfalls and a projected recovery in global auto sales. Gold prices edged lower on rising yields and the continuing reflation na...
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Nikkei 225, ASX 200 Weekly Outlook: Pandemic, Reflation Trade in Focus
Asia-Pacific markets kicked off the week with a positive tone after US markets finished at record highs. Encouraging vaccine progress and an easing pandemic strain may continue to support reflation...
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AUD/NZD Rally Faces Technical Threat as Lunar New Year Closes APAC Markets
APAC trading is set for a quiet start to the week as many Asian markets remain closed amid Lunar New Year celebrations. Meanwhile, AUD/NZD faces technical threats that may end its rally.
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Markets Week Ahead: S&P 500, US Dollar, Crude Oil, Gold, FOMC, Liquidity Conditions
Equities continued their upward trajectory, with the S&P 500, FTSE 100 and Nikkei 225 pushing higher. This left the US Dollar vulnerable at the expense of the Australian Dollar. Crude oil prices so...
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Weekly Technical US Dollar Forecast: Technical Damage Not Undone
The DXY Index’s rebound in recent weeks has done little to revert the major technical damage sustained in recent months.
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S&P 500 May Extend Rally on Stimulus Hopes and a Weaker US Dollar
The three major US indices may extend their broader upward trajectory, carried by fiscal stimulus hopes, an improved fundamental outlook, positive earnings guidance and a weaker US Dollar.
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Saturday, 13 February 2021
Mexican Peso Forecast: Short-Term Direction to be Determined as Key Levels Loom
USD/MXN to move in line with overall market sentiment as economic data dries up.
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Euro Forecast: EUR/USD Outlook Improves as US Dollar Slides
Last week’s benign US inflation data and bearish comments from the Federal Reserve’s Jerome Powell have undermined the US Dollar and improved the prospects for EUR/USD accordingly.
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US Dollar Fundamental Forecast: Downtrend to Resume Course as Stocks Climb?
The anti-risk US Dollar weakened this past week as the Dow Jones, S&P 500 and Nasdaq Composite climbed. Has the dominant downtrend resumed course?
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Friday, 12 February 2021
Crude Oil Prices Set to Extend Further. Have Prices Ran Too Far, Too Fast?
Crude oil's rally looks set to extend further after the IEA pointed to near-term risks for 2021 in an updated report. However, a short-term pullback may be needed before higher ground is seen.
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Australian Dollar Forecast: Iron Ore Prices Counterbalancing Dovish RBA
The Australia Dollar may continue to gain ground on the back of surging iron ore prices, despite the RBA’s decision to extend its current $100 billion bond purchasing program.
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Gold Price Forecast: Can the US Dollar Save Gold from a Breakdown?
Gold prices subdued, familiar resistance caps. Downside risks remain unless USD cracks key support.
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Euro Stoxx 50 Climbs to Pandemic Record, 10yr Bund Yields Rise to Five Month High
Despite continued economic struggles in the Eurozone, the EU Stoxx 50 has risen to a fresh pandemic high and yields on the 10yr German Bund continue to rise, signaling rising optimism in Europe's f...
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South African Rand Dollar Forecast: USD/ZAR Eyes January Lows
USD/ZAR looks to test January lows following the State of the Nation Address
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British Pound Outlook: Sterling Continues to Move Higher, Vaccination Program Hitting Target
Sterling continues to move higher, with 13 positive weeks in the last 15, on marginally better-than-expected GDP data and a successful vaccination program.
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Gold, S&P 500 Firm Despite Consumer Sentiment Report Miss
Gold price action attempts to turn higher as the US Dollar slips while stocks bounce off session lows following the consumer sentiment report release that just crossed market wires.
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Currency Volatility for the Week Ahead: GBP/USD & AUD/USD in Focus
Currency volatility hovering around recent lows, prompting sideways price action across FX markets.
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Gold Price Outlook: XAU/USD Giving Back All of This Week's Gains
A see-saw week for gold with all of the gains seen in the first half of the week given back in the second half as traders struggle to find a balance.
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DAX 30, CAC 40 Forecast: Indecision Creeps in, Bears Try to Regain Control
Equity markets are struggling to find further upside despite positive data and sentiment
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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 ...