Wednesday, 24 February 2021

Dow Jones, Russell 2000 Aiming Higher on Accommodative Fed, Fiscal Stimulus

The Federal Reserve’s accommodative monetary policy settings, and the impending provision of additional fiscal support, will probably pave the way for the Dow Jones and Russell 2000 to continue mov...

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Indian Rupee, Nifty 50 Outlook: RBI Rate Hike Bets Creeping With CPI Estimates

The Indian Rupee and Nifty 50 have been on a tear this year so far, with local inflation expectations and now RBI rate hike bets slowly on the rise. Are traders getting ahead of themselves?

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Crude Oil Price Forecast: Demand and Supply Drivers Firing on All Cylinders



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S&P 500 Rally May Lift Hang Seng, ASX 200 on Dovish Fed, 3rd US Vaccine

Asia-Pacific stocks are poised for a rebound after Wall Street stocks ended higher on Wednesday. Fed Chair Jerome Powell’s dovish comments, Johnson & Johnson’s Covid-19 vaccine lifted investor conf...

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AUD/USD Gains on Reflation Trade While RBNZ News Dispatches AUD/NZD Lower

The Australian Dollar is pushing into fresh highs versus the Greenback, but RBNZ news is bolstering the New Zealand Dollar, with AUD/NZD moving sharply lower.

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US Dollar Outlook: DXY Index Rejects 50-Day Moving Average

The US Dollar advanced early on during Wednesday’s trading session, but bears pushed back and sent the DXY Index recoiling lower after failed attempt to take out its 50-day moving average.

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Stock Market Forecast for the Week Ahead: Growth to Value Rotation Heats Up

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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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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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...