The strong bid beneath crude oil broadly tracked market optimism surrounding covid vaccine developments, massive fiscal stimulus packages, and improved outlook for global GDP growth.
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Saturday, 3 April 2021
Short EUR/NOK: Q2 Top Trading Opportunities
A stronger Krone will weigh down on inflation and if price pressures continue to run hot, a rate hike may be put in place sooner rather than later. On the other side, the Euro is struggling and is ...
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Friday, 2 April 2021
Short AUD/CAD: Q2 Top Trading Opportunities
Heading into Q2, I am bearish on AUD/CAD on US economic outperformance, BoC tapering and favourable positioning.
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JPY Q2 2021 Technical Forecast
The technical outlook for the haven-associated Japanese Yen remains overtly bearish, after the funding currency toppled over 5.5% on average against its major counterparts in the first quarter of 2...
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USD/CNH as Reflation Hopes Build: Q2 Top Trading Opportunities
While USD/CNH has rebounded from a two-and-half year low, the Federal Reserve’s dovish-tilted policy guidance and the PBOC’s neutral stance suggest that the currency pair may lack significant upsid...
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AUD Q2 2021 Fundamental Forecast
The Australian Dollar appreciated against its US counterpart during the first quarter of 2021 with AUD/USD briefly trading above the 0.8000 handle in February.
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Copper Bullish Continuation: Q2 Top Trading Opportunities
Copper has been supported by unprecedented monetary policy, ultra-low interest rates and more importantly, low or negative real yields. It now looks to benefit from a strong recovery in output.
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Gold Q2 2021 Technical Forecast
Gold has been declining since August 2020, and has yet to show any real signs of life.
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EUR/CAD Weakness: Q2 Top Trading Opportunities
EUR/CAD has fallen a whopping 700-pips so far this year, succumbing to a massive wave of selling pressure on the back of Euro weakness and Canadian Dollar outperformance.
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USD Q2 2021 Fundamental Forecast
Through the opening quarter of 2021, there were significant changes in focus from an incredible charge in retail appetite to anticipation for reopening economies after mass vaccinations to burgeoni...
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EUR/JPY Reversal Potential: Q2 Top Trading Opportunities
A carry trade matters little if the principle portion of the trade is losing faster than the swap might accrue. In a pair like EUR/JPY, that motivation for carry is similarly low; and any questions...
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GBP Q2 2021 Technical Forecast
As Q1 comes to a close, much of the early quarter gains in GBP/USD have been largely retraced after peaking at 1.4235.
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S&P 500 Futures Climb, EUR/USD Whipsaws as NFPs Surge 916K
S&P 500 futures are popping higher and US Dollar strength looks likely to persist on the heels of the latest nonfarm payrolls report, which just crushed market forecast with 916,000 job gains.
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Small Caps, Copper, EM FX: Q2 Top Trading Opportunities
Coming into 1Q’21, my expectation was that “if growth is the story of 2021, the underperformers of early-2020 should do well.” It is worth acknowledging outperformances and underperformances thus far.
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EUR Q2 2021 Fundamental Forecast
The key question for EUR/USD traders looking at the second quarter of 2021 is whether the steep decline in the pair in the first quarter will reverse in Q2, and the answer is quite possibly yes.
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Gold Prices May Turn Lower as US Payrolls Data Stokes Reflation Bets
Gold prices have managed a spirited two-day recovery but firm US nonfarm payrolls data may stoke Fed tightening speculation and snuff out upward momentum.
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Thursday, 1 April 2021
S&P 500 Forecast: Fresh All-Time High May Set Narrative for Q2 Trading
The S&P 500 broke above resistance to kick the second quarter off before the extended Easter weekend. Will the bullish move set the narrative for the remainder of the second quarter?
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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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Crude Oil Prices Mired by Trend Resistance, OPEC+ Output Boost
Crude oil price action was surprisingly resilient during Thursday's session with the commodity climbing 3% higher to trade above $61.00/bbl despite OPEC+ announcing plans to boost production.
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Gold Price Clears Trendline Resistance After Defending March Low
The price of gold appears to be breaking out of the downward trend from earlier this year after defending the March low ($1677).
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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....