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Monday, 5 July 2021

Crude Oil Gains to Persist; Stocks to Stay on Their Rocket: Q3 Top Trading Opportunities

Despite some twists and turns, the first half of the year was indeed about the growth story, and heading into 3Q’21, it appears that the tune will remain the same.

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Nasdaq 100 at Record High, ASX 200 Eyes RBA Meeting for Clues

The Nasdaq 100 closed at an all-time high as strong NPF data boosted market confidence. Oil prices rallied after OPEC+ talks broke down again. The RBA meeting will be closely eyed by APAC traders.

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Short USD/BRL on BCB’s Aggressive Tightening: Q3 Top Trading Opportunities

The Brazilian real has been one of the best performing emerging market currencies during the second quarter of 2021, gaining more than 14% against the US dollar.

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Equities Q3 Fundamental Forecast: Stocks to Enjoy Continued Economic Recovery, Seasonality a Concern

The Dow Jones, S&P 500 and Nasdaq 100 entered the third quarter on the back of yet another strong showing in the post-pandemic era as stocks continued to climb across all sectors.

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Long EUR/HUF, USD/HUF: Q3 Top Trading Opportunities

Back at the end of June, the National Bank of Hungary became the first of the European Union’s central banks to start increasing interest rates to ward off the possibility of inflation taking off a...

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Iron Ore to Rise Further as US Infrastructure Deal Aids Recovery Outlook: Q3 Top Trading Opportunities

Iron ore prices look primed to rise further in Q3 as a developing US infrastructure plan underpins an already bright outlook amid a global recovery.

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Gold (XAU/USD) Forecast: Gold Holds Firm Despite Positive NFP Report

Gold prices edge higher but can they break through 1800 hurdle?

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DAX 30 Tightens Range as it Nears the Tip of a Triangle Pattern, Focus on Upcoming Earnings Season

The DAX 30 resumes its pullback as the recent rally looks exhausted

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British Pound (GBP/USD) Nudges Higher, UK PMIs Beat Original Forecasts

Sterling opens the week marginally better bid against a range of currencies, although trade is quiet with the US on holiday.

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Canadian Dollar Forecast: Data to Support Upbeat BoC, OPEC Shock is a Risk

USD/CAD pullback stemming from softer USD, eyes on Canadian data and OPEC talks.

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GBP/JPY May Fall as the Fed Feeds Yen Real Yield Advantage: Q3 Top Trading Opportunities

The Yen may rise against the British Pound as policy pivot from the US Federal Reserve boosts real yield spreads in favor of the Japanese currency.

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Sunday, 4 July 2021

Crude Oil Prices Hit $75 as OPEC+ Meeting Stalls on Output Hike

WTI crude oil prices are hovering at around $75/bbl as traders await output guidance from OPEC+ after Friday’s meeting ended without a deal. Prices remain in an upward trajectory amid demand optimism.

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Australian Dollar Correction Brewing: Q3 Top Trading Opportunities

AUD/USD trades to a fresh 2021 low (0.7477) in June as Federal Reserve officials project two rate hikes for 2023, and the exchange rate may continue to give back the V-shape recovery from 2020 as t...

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Gold Prices Rebound as the US Dollar and Yields Fall After Strong NFP

Gold prices traded higher as the US Dollar and Treasury yields retreated following the release of strong US nonfarm payrolls data. Prices may attempt a breakout as the MACD indicator forms a bullis...

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Reinvigorated Copper Trade - Fundamentals and Techs Remain Supportive: Q3 Top Trading Opportunities

Copper has been on a massive bull run ever since the March 2020 low and looks set to continue due to supportive technical and fundamental factors despite the recent sell-off.

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CAD/JPY Bullish Breakout Potential Near Five-Year-Highs: Q3 Top Trading Opportunities

Central banks in Canada and Japan appear to be on divergent paths, and the CAD/JPY pair is very near a key point on the chart for bullish breakouts.

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S&P 500 Hits Record High as NFP Beats, Didi May Weigh on Tech Sentiment

Wall Street stocks closed at record highs as nonfarm payrolls data beat. Beijing’s latest crackdown on Didi may weigh on tech sentiment in HK. The RBA rate decision and FOMC minutes are in focus th...

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