Tuesday, 2 March 2021

Central Bank Watch: BOC, RBA, & RBNZ Interest Rate Expectations Update

Rising bond yields and appreciating currencies are front-and-center for the commodity currency central banks.

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Japanese Yen Outlook: USD/JPY Bull Run Faces Stern Resistance

The USD/JPY pair has advanced tremendously in the first two months of 2021 but the bull run looks to be showing signs of fatigue

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AUD/USD Forecast: Rebound from February Low Fueled by Upbeat RBA

AUD/USD extends the rebound from the February low (0.7692) after testing the 50-Day SMA (0.7718) for the second time in 2021.

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Market Positioning Data Show Retail Traders Long Silver and Gold | Webinar

IG client sentiment data show retail traders are overwhelmingly long both silver and gold, and from a contrarian perspective that’s sending bearish signals for both precious metals.

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Natural Gas Outlook: McKinsey Forecasting Long-Term Demand for LNG

Natural Gas is holding just under the key 3.0000 level as technical patterns unfold.

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Gold Price Forecast: Gold Bulls Last Line of Defence

Rising yields and US Dollar creates a weak environment for gold.

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IBEX 35 Bulls Show Resilience as Summer Holiday Forecasts Improve

Spanish stocks are holding strong as the country holds on to hopes that international tourism could return this summer

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Euro Forecast: EUR/USD Struggling to Keep Hold of 1.2000 as the US Dollar Pullback Continues

A strong US dollar and a poor set of German retail sales figures have left EUR/USD close to breaking back below 1.2000 again.

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British Pound (GBP) Latest: GBP/USD to Extend Near-Term Downtrend

GBP/USD has been edging lower in the past few sessions, hit by a stronger US Dollar, and could well slip further near-term as USD benefits from hopes of a strong US recovery.

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Implied Volatility: What is it & Why Should Traders Care?

Implied volatility, synonymous with expected volatility, is a variable that shows the degree of movement expected for a given market or security.

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Monday, 1 March 2021

Gold Prices at Risk, Crude Oil Sinks But Broader Uptrend Remains Intact

Gold and crude oil prices started off the week on a sour note. While both are at risk of further losses, the broader uptrend in WTI remains intact ahead of the OPEC+ meeting.

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Core-Perimeter Trading Model: US, Eurozone & China

The Core-Perimeter framework allows traders to understand the macro-fundamental interactions between powerhouse economies and their perimeter counterparts, offering valuable insight on how to trade...

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Australian Dollar Forecast: AUD/USD Uptrend in Focus as RBA Holds Policy Steady

The Australian Dollar was unfazed as the Reserve Bank of Australia held its benchmark policy and 3-year yield target at 0.10%, as expected.

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Bitcoin, Ethereum Forecast: BTC/USD, ETH/USD Bullish Reversal at Hand?

Bitcoin and Ethereum look set to climb higher in the near term, as Citigroup and Goldman Sachs prove additional validation to the cryptocurrency market.

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Nasdaq Recovers to Start March as Bond Market Volatility Cools

The Nasdaq Composite moved higher to start the month as moderating government bond yields allowed sentiment to return to markets. Today’s focus will be on the RBA rate decision.

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Who Needs Short-Sellers? The Markets NEED Short-Sellers!

With all of the drama and news lately around short-sellers, it is important to understand how necessary and important they are to the US financial markets.

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US Dollar Outlook: AUD/USD Primed for Volatility as RBA Looms

The US Dollar traded mixed on Monday as EUR/USD edged lower while commodity currencies strengthened. AUD/USD price action looks teed up for volatility in light of the RBA decision on deck.

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USD/MXN Price Forecast: US Dollar Takes Aim at Major Resistance

The US Dollar has posted a string of gains in recent weeks as rising Treasury yields have threatened risk assets and currencies. USD/MXN may face consolidation as USD strength wanes and resistance ...

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Oil Price Outlook Mired by RSI Sell Signal Ahead of OPEC JMMC Meeting

The Relative Strength Index (RSI) indicates a further decline in the price of oil as the oscillator slips below 70 to offer a textbook sell signal.

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British Pound Technical Analysis: GBP/USD Pullback Grinds Support

The British Pound has been consistently strong so far in 2021 trade, but last week brought a pullback. Can buyers continue the trend?

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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...