Copper may not be the world's most popular metal but it certainly is one of the more important.
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Monday, 12 July 2021
Sunday, 11 July 2021
Crude Oil Prices Eye $75 as Delta Variant Threatens Growth Outlook
WTI crude oil prices are hovering below the $75/bbl mark as markets weigh the impact of the Delta variant on global energy demand. OPEC+ disputes feed into supply uncertainty. China’s GDP figure is...
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What is Earnings Season & What to Look for in Earnings Reports?
Earnings announcements are a key driver for stock prices: Learn the what and when of earnings.
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Gold Prices Retreat as Yields Rise, US Inflation and Powell Speech in Focus
Gold prices fell as the US Dollar and Treasury yields gained. The emerging Delta variant and China’s RRR cut hinted at slowing growth momentum and the need for further stimulus.
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US Dollar Outlook: Delta Covid Cases Inducing Risk Aversion. THB, PHP, IDR Wobble
The US Dollar may extend gains against ASEAN currencies like the Thai Baht, Philippine Peso and Indonesian Rupiah amid surging Covid cases amid the Delta variant. US CPI is also eyed.
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S&P 500 Hits Fresh Record, Will China's RRR Cut Boost Hang Seng?
Wall Street stocks closed at record highs as investors shrugged off viral concerns and focused on the earnings season. The PBoC cut RRR by 50bps for all banks on Friday, surprising investors.
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AUD/USD at Risk Amid Less-Dovish Fed, PBOC Normalization, Australia-China Tensions: Q3 Top Trading Opportunities
The Australian Dollar may struggle in the third quarter amid a combination of a less-dovish Federal Reserve and potentially consequential knock-on economic impacts from China.
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New Zealand Dollar Forecast: NZD/USD Balancing Covid Risks as RBNZ Approaches
The New Zealand Dollar is off to an upbeat start against the US Dollar after a down week. Rising Covid cases in Australia and the RBNZ meeting later this week are likely to influence price action.
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Markets Week Ahead: USD/JPY, Euro, Dow, Oil, BoC, RBNZ, Inflation, Earnings
Markets experienced some turbulence last week as freefalling bond yields concerned investors and fueled an unwind of the reflation trade. Will volatility continue in the week ahead?
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S&P 500 and FTSE 100 Forecasts for the Week Ahead
Fresh record highs for the S&P 500 as falling bond yields prompt growth stocks to outperform. FTSE 100 consolidates.
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Saturday, 10 July 2021
Gold Forecast: Depressed Real Yields and Delta Variant Worries May Boost Bullion Prices
Gold prices may have some short-term upside potential, supported by depressed real yields in the U.S., concerns about the Covid-19 delta variant and China's slowing economy.
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Canadian Dollar Forecast: USD/CAD, CAD/JPY Due for Volatility
Canadian Dollar price action looks ripe for volatility this coming week with USD/CAD and CAD/JPY hinging on event risk posed by the BoC rate decision, BoJ update, US inflation data, and OPEC+ talks.
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Weekly Fundamental US Dollar Forecast: Will Hot Inflation Spark US Yields Again?
The US Dollar (via the DXY Index) has dropped back as the calendar moved into mid-July on the back of declining Fed rate hike expectations and collapsing US Treasury yields.
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Australian Dollar Fundamental Forecast: AUD/USD Rebounds as Bond Yields Recover
The Australian Dollar faces a tough short-term outlook, with the risk-sensitive currency facing a questionable economic recovery as the Delta variant continues to rip through the world.
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Friday, 9 July 2021
Bitcoin (BTC), Ethereum (ETH) Waiting For a Shot of Volatility, Elon Musk Backs Dogecoin, Again
The cryptocurrency market continues to crab sideways as bulls and bears battle for dominance. Both BTC and ETH need a volatility boost to break lethargic market conditions
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Copper Price Forecast: Technicals Stabilizing, Fundamentals in Question
Copper prices have almost staged a meaningful recovery in July. Just not quite yet.
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British Pound Outlook Hinges on UK CPI, Employment Report
Fresh data prints coming out of the UK are likely to sway the near-term outlook for GBP/USD as BoE Governor Bailey insists that the “economy is bouncing back rapidly.”
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DiDi, U.S. Treasury Yields & OPEC+ – FinTwit Trends to Watch
FinTwit is gathering steam these past few weeks as market trends continue to intensify. This week Chinese ride service firm DiDi, U.S. treasury yields and OPEC+ disagreements are dominating headlines.
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Euro Forecast: EUR/USD Rebound Generates RSI Buy Signal
Recent developments in the Relative Strength Index (RSI) indicate a larger rebound in EUR/USD as the oscillator pushes back above 30 to offer a textbook buy signal.
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USD/CAD Drops, CAD/JPY Climbs on Mixed Canadian Jobs Report
The Canadian Dollar is staging a nice rebound during early Friday trade with the Loonie stronger against the US Dollar and Japanese Yen as USD/CAD and CAD/JPY react to the latest employment data.
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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....