Price and ETF flows data reveals the ongoing rotation between growth stocks and other areas of the stock market such as industrials and value. With the technical breakdown in the Nasdaq, it might p...
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Wednesday, 24 February 2021
New Zealand Dollar Outlook: NZD/USD Soars on RBNZ Housing Remit
The New Zealand Dollar is skyrocketing during late Wednesday trade with NZD/USD price action up nearly 80-pips intraday in response to the RBNZ housing remit just announced.
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NZD/USD Rate Forecast: Post-RBNZ Rally Brings 2018 High on Radar
NZD/USD appears to be on track to test the 2018 high (0.7437) as the RBNZ retains the current course for monetary policy at its first meeting for 2021.
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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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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....