Tuesday, 6 July 2021

USD/ZAR Outlook: South Africa Rand Resolute Despite Stronger Dollar

The South African rand opened up the week relatively strong against the dollar which was lifted by surging commodity prices. This has not changed the local outlook but some new short-term levels co...

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USD/CAD Outlook: OPEC+ Delay Keeps CAD Supported, USD Picks Up Momentum Ahead of ISM and Fed Meeting Minutes

USD/CAD fails to break lower as US Dollar buyers reappear

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Crude Oil Price Continues to Rally After OPEC+ Meeting is Abandoned

Brent crude is trading at highs last seen in late-October 2018 after the latest OPEC+ meeting was unexpectedly called off with no new output boost in view

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Why Most Traders Fail and How to Increase Trading Success

Big financial market volatility and growing access for the average person have made active trading very popular, but the influx of new traders has met with mixed success.

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British Pound (GBP) Latest: Sterling Boosted by UK Government Re-Opening Plan

GBP given additional boost as UK Government announces final stage plans of re-opening the economy.

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Australian Dollar Up as the RBA Scales Down QE, Talks Up Recovery

The Australian Dollar fell as the RBA moved to reduce the size of weekly QE asset purchases while talking up a stronger-than-anticipated economic recovery.

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Monday, 5 July 2021

Gold Prices at Two-Week Highs as The US Dollar Falls, Eyeing $1,800

Gold prices traded at two-week highs as a weaker US Dollar bolstered the appeal of the yellow metal. The MACD indicator formed a bullish crossover, hinting at further price gains.

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USD/JPY to Try to Move Higher out of Macro Wedge: Q3 Top Trading Opportunities

USD/JPY had been in a narrowing range the past few years, and on that was a chart that had been of interest for some time for the very reason that it hadn't been of much interest to the broader mar...

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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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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...