Gold reversed lower this week after encountering technical resistance and rising Treasury yields. With the reflation trade in full swing, will gold fall further?
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Thursday, 18 February 2021
GameStop Frenzy Leaves Wall Street, Heads to Capitol Hill
The attention of Wall Street turned to Capitol Hill as various parties involved in the infamous GameStop short-squeeze testified for the House Financial Services Committee.
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Nasdaq 100 & Dow Jones Seek Support Amid Declines - Stock Forecast
The Nasdaq 100 and Dow Jones have suffered modest declines this week which has sent the two indices seeking technical support. Can support provide a springboard for a reversal higher?
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USD/CAD Rate Rebound Unravels Following Test of 50-Day SMA
USD/CAD pares the rebound from the monthly low (1.2610) as the exchange rate struggles to climb back above the 50-Day SMA (1.2744).
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Central Bank Watch: BOC, RBA, & RBNZ Interest Rate Expectations Update
Rising growth and inflation expectations have started to spook growth-related assets, including aspects of the FX world.
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Bitcoin, Ethereum Price Forecast: BTC, ETH Still Showing Strength
Bitcoin and Ethereum have continued to show strength, even as Gold has pushed down to fresh lows.
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AUD/USD Eyes Monthly High as RSI Approaches Trendline Resistance
The RSI may indicate a further appreciation in AUD/USD as the oscillator appears to be on track to take out the bearish trends from earlier this year.
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S&P 500 Challenged by US Rates, GBP Bulls Charge, Eyes on AUD/NZD - US Market Open
Risk sentiment continues to feel the weight of the recent spike higher in global bond yields.
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New Zealand Dollar Forecast: Trading the RBNZ Next Week
RBNZ to acknowledge firmer footing in domestic economy. NZD strength remains a concern for RBNZ
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US Dollar Holding Recent Gains, EUR/USD Remains Under Pressure
The US dollar is holding onto most of its recent gains as US President Joe Biden continues to push for an out-sized stimulus plan to re-boot the American economy.
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Bitcoin Forecast: BTC/USD Holds Above 50,000, Attracts Investors Looking for Higher Returns
Bitcoin sees flows from non-yielding assets but volatility could be a bad thing
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Japanese Yen Outlook: USD/JPY Holding at Support Ahead of Inflation Data
USD/JPY could be overextended with technical signals pointing to short-term price reversal, while fundamentals scheduled later today could provide upcoming volatility.
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British Pound (GBP) Latest: GBP/USD to Head Lower, EUR/GBP Lower Too
US Dollar strength and the consequent drop in currencies like AUD, NZD, GBP, EUR and CAD will likely resume after a brief round of profit-taking.
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Wednesday, 17 February 2021
Euro at Risk Ahead of ECB Minutes as Traders Assess Treasury Yields
The Euro may be at risk ahead of the ECB meeting minutes. Market mood is cautiously pessimistic heading into European hours as investors assess rising longer-term Treasury rates.
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Silver Prices May Continue Outpacing Gold Despite Rising Inflation Bets
Gold prices continue to move lower despite rising inflation bets. Investors have been friendlier towards silver over the same period, however. Why is there a disconnect?
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Dow Jones, ASX 200, Nikkei 225 Forecast: Chinese Market Reopen in Focus
Asia-Pacific stocks are poised for a mixed open as the US Dollar extended gains amid strong retail sales and higher inflation data. The Fed meeting minutes revealed little urgency for tapering. Chi...
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AUD/USD Looks Past Jobs Report, Focusing on S&P 500 and Sentiment
The Australian Dollar appears unimpressed following a generally upbeat AU jobs report. Earlier Wall Street sentiment appears to be driving action, for now.
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Bitcoin Price Forecast: BTC/USD Pushes to New Heights Amid Corporate Adoption
After breaking above $50,000 for the first time ever, Bitcoin has pushed higher still as US corporations wade into the cryptocurrency space. Can new entrants prolong the remarkable rally?
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S&P 500 Forecast: SPY ETF Clocks Outflows Alongside Gold, Treasury Funds
Exchange traded fund data reveals net outflows for the S&P 500-tracking SPY ETF. Meanwhile, investors have also pulled capital from funds with exposure to safe haven assets like gold.
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The Basics of Technical Analysis
This beginners guide will introduce you to the basics of technical analysis, and how it can be used to trade FX.
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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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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....