Wednesday, 17 March 2021

IBEX 35, FTSE MIB Forecasts: European Indices Struggle to Overcome Short-Term Resistance

European equities are lacking buyer support ahead of the FOMC interest rate decision

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USD/JPY Outlook: Flattening JGB Yield Curve Ahead of FOMC Expectations

All eyes shift toward central banks this week with the Federal Reserve up first. Whether or not interest rate hikes be brought forward will likely set the precedent for other central banks.

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British Pound (GBP) Latest: EUR/GBP Slide Resuming, Slow EU Vaccine Rollout

The suspension around Europe of usage of the AstraZeneca/Oxford coronavirus vaccine continues to weaken the Euro and that could mean further losses for EUR/GBP.

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US Dollar Forecast: FOMC Summary of Economic Projections to Dictate USD

The US Dollar’s near-term trajectory will ultimately depend on whether the Federal Reserve steps-in to cap long-term rates, holds its monetary policy levers steady or hints at earlier-than-expected...

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Tuesday, 16 March 2021

Crude Oil Prices May Rise if Stockpiles Fall, FOMC Meeting Eyed

Crude oil prices await a catalyst from Wednesday’s FOMC meeting. A surprise inventory draw may help to underpin prices.

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Gold Price Forecast: Rebound at Risk as Yields Aim Higher Ahead of FOMC

The tentative recovery in gold prices hangs in the balance as the upcoming FOMC monetary policy meeting shifts into focus.

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S&P 500, Hang Seng, ASX 200 Outlook: Will the Fed Deliver Surprises?

The S&P 500 and Dow Jones retreated from all-time highs as traders awaited policy guidance from the FOMC meeting on Wednesday. Asia-Pacific markets opened with a mixed tone.

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New Zealand Dollar Outlook: NZD/USD May Rise Ahead of FOMC, New Zealand GDP

Asia-Pacific markets may see neutral movement as investors prepare for tomorrow's binary high-impact events, with the US Federal Reserve and New Zealand GDP data on tap.

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Crude Oil Technical Forecast: Oil Prices Ranging – Levels to Watch

Crude oil price action has pulled back slightly from its recent swing high as technical resistance around the $66.00-handle halts upward momentum. Will the long-term trend keep oil prices afloat?

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Bitcoin Price Consolidates After New All-Time High, What Next?

Bitcoin tagged a new all-time high above the $60,000 mark before retracing to support. Since there is little to suggest the broader upward trajectory will soon reverse, recent losses could prove he...

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EUR/USD Rate Eyes 200-Day SMA Again as ECB Boosts Pace of PPEP

EUR/USD may stage another attempt to test the 200-Day SMA (1.1834) as the ECB boosts the pace of the pandemic emergency purchase programme (PPEP).

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USD/CAD Decline Stalls Ahead of Canada CPI, Fed Rate Decision

Key event risk on tap for later this week may sway the near-term outlook for USD/CAD if the Federal Reserve adjusts the forward guidance for monetary.

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February Retail Sales Miss Expectations in Stimulus Check Interlude, USD Stronger

Retail Sales in February printed at -3.0%, sharply lower than forecast of -0.5%, as consumer spending slowed after booming in January.

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Japanese Yen Forecast: FOMC vs BoJ, USD/JPY Vulnerable to a Reversal

USDJPY implied volatility at highest level since US election as focus turns to FOMC and BoJ.

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USD/ZAR Outlook: South African Rand Stable Ahead of Fed Announcement

The Rand remains at risk of wiping out recent gains depending the upcoming FOMC meeting , while strong technical patterns remain.

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DAX 30 Forecast: Fed Meeting in Focus as Indecision Pushes for Consolidation

Rising bond yields see indecision creep into the DAX 30 as strong resistance emerges at 14,600

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Bitcoin (BTC/USD), Ethereum (ETH/USD) Price Outlook - Sharp Sell-Off Looks Contained

The recent sharp sell-off in the cryptocurrency market looks like it has now finished and fresh all-time highs may be brewing.

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British Pound (GBP) Latest: GBP/USD Still Edging Lower Ahead of BoE

GBP/USD continues to ease back after failing to overcome resistance at 1.40 ahead of Thursday’s meeting of the Bank of England’s rate-setting monetary policy committee.

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Euro Forecast: EUR/USD Resilient Despite Vaccine Setback, Dovish ECB

The Euro has remained resilient in the face of worrisome news on the vaccine front and the dovish stance of the ECB, which suggests that EUR/USD rates could extend recent gains.

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Monday, 15 March 2021

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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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...