Trader confidence in the assets that have risen sharply in recent weeks has dissipated, but the current downturn could be a healthy correction prior to a resumption of the previous advance.
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Tuesday, 23 February 2021
S&P 500 Breaks Down Support, Will Fed's Powell Address Bond Sell Off?
Tactical weakness in US equities as markets follow seasonal pattern. Eyes on Chair Powell
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South African Rand Outlook: Unemployment Rises Ahead of Budget Speech
Fundamental drivers from both the U.S. and South Africa will be in focus this week as the USD/ZAR pair is in for increased price volatility.
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Bitcoin (BTC/USD), Ethereum (ETH/USD) Crushed as Cryptocurrency Market is Overrun by Sellers
The cryptocurrency market has been experiencing wild price swings over the last two days with sellers in complete control as prices slump across the board
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FTSE 100, FTSE 250 Outlook Improves After UK Unemployment Data and Roadmap
London-listed shares are stabilizing and could move higher after news that the UK unemployment claimant count fell by 20,000 in January rather than rising as analysts had expected.
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Monday, 22 February 2021
British Pound Forecast: Reopening Plan Capping EUR/GBP, Buoying GBP/USD
The British Pound may continue to outperform the Euro and US Dollar on the back of Prime Minister Boris Johnson’s reopening plan and the marked divergence in vaccination rates between the three reg...
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US Dollar Forecast: Gaining Ground as ASEAN Weaken, Eyes on Fed Chair Powell
The US Dollar gained against most ASEAN currencies this past week, such as the Indonesian Rupiah and Philippine Peso. Will this continue? Eyes are on Fed Chair Jerome Powell.
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Copper, Crude Oil Prices Surge. Eyes on Fed Chair Jerome Powell for Next Moves
Copper and crude oil prices are attempting to extend aggressive gains alongside global growth bets. Will Fed Chair Jerome Powell derail their trajectories in the coming days?
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Dow Jones Steady amid Tech Rout, Will ASX 200, Hang Seng Follow?
A strong selloff in the technology sector dragged the Nasdaq Composite 2.46% lower, while the Dow Jones closed marginally higher as energy and material sectors gained. APAC stocks may embrace a sou...
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AUD/USD, AUD/NZD Aim Higher as Treasury Yields Climb on Reflation Theme
APAC equity prices may face some pressure from rising government bond yields as the reflation trade continues to gain steam. Meanwhile, AUD/USD and AUD/NZD appear set to move higher.
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EUR/USD Outlook: US Dollar Eyes Fed Chair Powell, Stimulus
EUR/USD price action is probing month-to-date highs as US Dollar bears wrestle back control with focus on Fed Chair Powell's congressional testimony and ongoing fiscal stimulus negotiations.
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Bitcoin Price Suffers Pullback, Damaging Technical Landscape
Bitcoin suffered a brief pullback that saw trendlines and psychological levels crumble. Still, consolidation after months of staggering gains may prove healthy in the longer-term.
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NZD/USD Rate Rally Emerges Ahead of RBNZ Interest Rate Decision
The RBNZ interest rate decision may do little to curb the NZD/USD rally as the central bank is expected to keep the official cash rate (OCR) at the record low of 0.25%.
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FX Week Ahead - Top 5 Events: Euroarea & US Inflation; RBNZ Rate Decision; Mexico GDP; US Durable Goods Orders
The last week of February brings a broad but shallow economic calendar, top heavy with ‘high’ rated events and not much else.
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Gold Price Forecast: GLD Jumps from 7-Month Low, Can XAU Bulls Drive?
Gold prices are extending a bullish run from a big zone of support. But, is this a true change in trend or just another bear market bounce for Gold?
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Oil Price Forecast: Crude Technical Outlook Mired by RSI Sell Signal
A textbook sell signal has emerged in the Relative Strength Index (RSI) as the oscillator falls back from overbought territory and slips below 70.
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AUD, NZD Outperforms, US Rates Rally Hits Tech Stocks - US Market Open
US futures get off to a soft start as US rates continue to rally.
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Markets Week Ahead: Dow Jones, US Dollar, Crude Oil, Fed, Treasuries, NZD/USD, RBNZ
Market sentiment was a mixed bag as the Dow Jones gained but the Nasdaq Composite weakened. Crude oil prices turned lower. All eyes are on Fed Chair Jerome Powell amid rising longer-term Treasury r...
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As a New Retail Trader Age Rises, Heed Tales of Past Manias
In spring 2020, the temporary closures of professional sports leagues during the initial coronavirus pandemic lockdown anointed a new class of retail traders in financial markets.
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DAX 30 Struggles to Consolidate Head and Shoulders Pattern, IFO Sentiment Data Improves
The DAX 30 remains confined between 14,000 and 13,800 as equites start to feel the squeeze from rising bond yields
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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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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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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 -...