Oil Q2 2021 Fundamental Forecast

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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British Pound Technical Analysis: GBP/USD, GBP/JPY, EUR/GBP

The British Pound had a big start to the year. But so far Q2 is shaping up to be quite a bit different.

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US Dollar Bear Exit Persists, GBP & AUD Longs Slashed - COT Report

US Dollar net shorts are cut once again, AUD sees sizeable bull exit, GBP pullback exacerbated by long liquidation.

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USD/CAD Rate to Eye March Low on Break of April Opening Range

USD/CAD may continue to give back the rebound from the March low (1.2365) if the exchange rate fails to retail the opening range for April.

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Markets Week Ahead: Dow Jones, S&P 500, Bonds, Gold, NZD, RBNZ, Bank Earnings

The Dow Jones and S&P 500 pushed further into all-time highs amid falling Treasury yields and a weaker US Dollar. Gold seems to be finding some momentum. Ahead, earnings season is underway for majo...

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Gold Price Outlook - Will Resistance Continue to Block Further Upside?

Gold is unable to push higher as a cluster of resistance levels continue to hold firm. US data this week may prompt a bout of selling if inflation rears its head.

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South African Rand Technical Set-ups: USD/ZAR, EUR/ZAR, GBP/ZAR

Rand technical forecasts may suggest slowing bearish momentum across USD,EUR and GBP crosses.

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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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DAX 30 Forecast: Testing Support as Correction Looms

The DAX 30 stumbles ahead of the start of the US earnings season, ascending trendline holding so far

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Ethereum (ETH/USD) Hits a New Record High, Ripple (XRP/USD) Soars, Coinbase to List on Nasdaq

Ethereum (ETH/USD) printed another all-time high over the weekend, while Ripple (XRP/USD) accelerated sharply higher

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USD/JPY Breakout Potential: Q2 Top Trading Opportunities

USD/JPY is on my radar as a breakout candidate after several years of narrowing price action. The price action in Q1 was some of the best we’ve seen in some time, but still leaves USD/JPY in the co...

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Oil Q2 2021 Technical Forecast

After an impressive start to 2021, the oil forecast for the second quarter of the year is lacking an overly optimistic tone given a weaker picture for demand and stronger growth in rival supply, as...

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British Pound (GBP) Latest: EUR/GBP to Resume Bearish Trend

GBP on a firmer footing as lockdown measures ease further. EUR/GBP pulls back after recent short-squeeze

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Euro Price Outlook: EUR/USD at Risk as US Treasury Yields Aim Higher

The Euro’s recent rebound against the US Dollar may prove short-lived, despite a relatively bullish technical outlook, if upcoming inflation and retail sales figures intensify Federal Reserve taper...

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Crude Oil Prices Struggle Even as Powell Highlights Strong Recovery

Crude oil prices traded flat after falling over 3% last week even as Fed Chair Jerome Powell painted a rosy picture of US recovery. Uneven vaccine progress around the globe remains a threat to the ...

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Gold Prices Fall as Strong PPI Readings Boost Yields, USD Rises

Gold prices edged lower as stronger-than-expected Chinese and US PPI readings boosted longer-dated Treasury yields. However, a “Double Bottom” chart pattern points to upside potential.

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US Dollar Outlook: Bond Yields, Powell and CPI in Focus. USD/SGD Eyeing MAS, Chinese GDP

The US Dollar was flat against SGD, THB, IDR and PHP as falling Treasury yields offset potential gains from Emerging Market Stock declines. Ahead, all eyes are on Chinese GDP, US CPI, Powell and th...

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New Zealand Dollar Forecast: NZD/USD, NZD/JPY Key Levels with RBNZ on Tap

The Reserve Bank of New Zealand’s is expected to reiterate its dovish stance, despite a remarkable rise in housing prices, which may open the door for NZD/USD, NZD/JPY to track lower in the near term.

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Dow Jones, Nikkei 225, ASX 200 Outlook: Bank Earnings in Focus as US Stocks Hit Records

Stocks on Wall Street closed at all-time highs as investors anticipated a strong earnings season ahead. Futures across Asia Pacific look set to ride this tailwind and trade higher.

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USD/CNH Forecast: Yuan Loans Data May Show China’s Appetite for Stimulus

The Chinese Yuan and Asia-Pacific equity markets may move on incoming March new loans data. Meanwhile, traders will be eyeing an interview with US Fed Chair Powell.

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