Wednesday, 24 February 2021

How to Trade After a News Release

Looking to trade post release? Read on for more on approaching volatile conditions after news events.

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Rand Dollar Forecast: SA Budget Speech Sparks Optimism for USD/ZAR Bears

South Africa’s budget speech improves from October’s dismal outlook, pushing USD/ZAR to 13 month low

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Canadian Dollar Price Forecast: USD/CAD, CAD/JPY, EUR/CAD

The Canadian Dollar is running strong today, setting a fresh two-year-high against the US Dollar as USD/CAD pushes towards 1.2500.

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Nasdaq 100 Suffers Breakdown as Dow Jones Treads Water - Stock Market Forecast

The recent rotation from growth to value stocks may be set to continue after the Nasdaq 100 suffered a significant technical breakdown while the Dow trades near record levels.

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Nasdaq Whacked by US Rates Rally, GBP Overnight Spike Faded - US Market Open

Once again the bond market is making the loudest noise with the US 10yr breaking to 1.43%

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AUD/USD Rate Rally Pushes RSI Into Overbought Territory

Recent developments in the Relative Strength Index (RSI) indicate a further appreciation AUD/USD as the oscillator pushes into overbought territory.

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EUR/CHF Breakout Signals Risk-On in Europe; EUR/NOK, EUR/SEK Test Key Support

A look at some of the non-major EUR-crosses.

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FTSE 100 Price Forecast: Mean-Reversion Continues As Bears Struggle to Consolidate Correction

The FTSE 100 is struggling to find further upside despite outperforming European peers in Tuesday’s session

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Copper Outlook: Definitive Inflation Hedge? Cu All-time High in Focus

Copper pulls back after an extraordinary bullish move. Fundamentals remain strong for a bullish extension, while all-time highs come into the spotlight.

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New Zealand Dollar Forecast: Has the RBA/RBNZ Divergence Returned for AUD/NZD?

RBNZ acknowledges firmer footing in domestic economy. AUD/NZD riding the monetary divergence theme.

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Find Your Forex Entry Point: 3 Entry Strategies To Try

Deciding when to enter a trade can be complex because of the many variable inputs that move the forex market.

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Euro Price Outlook - Stuck in Sideways Pattern for Now, Pushing Against Resistance

The single currency remains in a holding pattern against the US dollar with little reason to make a break, one way or the other.

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British Pound (GBP) Latest: GBP/USD Strength to Persist, Correction Possible First

GBP continues to strengthen all round and further gains look likely, although GBP/USD is now looking overbought so a correction is possible before its advance resumes.

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Tuesday, 23 February 2021

US Dollar Price Outlook: Dovish Powell, Stimulus Vote to Weigh on USD

Dovish commentary from Federal Reserve Chairman Jerome Powell and the impending provision of additional fiscal support will probably keep USD on the backfoot against its counterparts.

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Gold and Silver Price Forecast: Treasury Rates, Negative Yielding Debt Pressure Prices

Gold and silver prices are finding relief following a lull in rising Treasury yields. But, pressure still remains amid a decline in negative yielding debt.

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New Zealand Dollar Forecast: NZD/USD Rises After RBNZ Holds Rates Citing Strong Economy

The New Zealand Dollar moved higher following the RBNZ's decision to hold interest rates at 0.25%, as expected. RBNZ Governor Adrian Orr is slated to speak shortly, which could further dictate NZD ...

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USD/CAD Downtrend Resumes as Powell Calms Stock Market, Nikkei 225 at Risk

The Canadian Dollar extended gains as Fed Chair Jerome Powell quelled market volatility. Japan’s Nikkei 225 may gap lower, with NZD/USD eying the RBNZ during the APAC session.

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Euro, Dollar, & Pound Lead the Charge Against the Swiss Franc

Major G10 currencies broke out against the Swiss Franc, even as Fed Chair Jerome Powell's testimony put the US Dollar under further pressure.

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US Dollar Outlook: NZD/USD Volatility Spikes Ahead of RBNZ

The US Dollar traded mixed on Tuesday as bulls attempt to defend a critical support level on the broader DXY Index. NZD/USD price volatility looks primed to accelerate with the RBNZ rate decision due.

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British Pound Price Forecast: Will Resistance Stop the GBP/USD Rally?

GBP/USD has extended higher this week, adding to weeks of gains as it surges toward longstanding resistance from 2018. Will resistance spark a reversal lower in GBP/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...