Monday, 27 September 2021

FX Week Ahead - Top 5 Events: Fed Chair Testimony; China Manufacturing PMI; Eurozone Inflation Rate; US PCE; US Manufacturing ISM & PMI

The last days of September bring about a slew of important data releases from some of the world’s major economies.

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USD/NOK Rates Hit New Low; USD/CHF, USD/SEK Rates See Improved Bullish Momentum

The US Dollar is perking up against a basket of European currencies.

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US Dollar Ascending Triangle: FOMC Forecasts Push USD Breakout Potential

The US Dollar is testing resistance around the 2021 high, and with the Q4 open nearing, the door may be opening for a big end-of-year for the USD.

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USD/ZAR Outlook: Rise in U.S. Treasury Yields Limit Rand Appetite

The week is off to a roller-coaster start as U.S. Treasury yields surge causing an initial uptick in the USD/ZAR pair. Rand remains under pressure as local treasury concerns ascend while focus turn...

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Oil Price Forecast: Crude Stages Five Day Rally to Eye July High

The price of oil appears to be on track to test the yearly high ($76.98) as crude stages a five day rally for the first time since January.

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Breaking News: US Durable Goods Orders Beat Estimates, DXY Remains Elevated

US durable goods orders drastically outperformed expectations of 0.7%, printing at 1.8%. We take a look at the immediate DXY reaction

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Gold Price Forecast: Fed Speakers in Focus For Taper Timeline Clues, XAU/USD Weaker

XAU/USD is struggling to attract buying momentum as yields continue to pick up

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Introduction to Basic Trendline Analysis

Learn to identify, construct and utilize trend lines; the simplest and single most important tool in your trading arsenal.

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German Election Latest: EUR/USD Muted Following Election Results

German Election Results Show Win for SPD. Traffic Light Coalition Most Likely Outcome.

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British Pound (GBP) Forecast: GBP/USD Weighing Up Different Fundamental Drivers

The British Pound is under pressure from domestic problems as fuel shortages continue, hampering UK growth prospects.

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Norwegian Krone Jumps as Euro Awaits German Election Results. Will Energy Continue to Surge?

The Norwegian Krone led commodity FX gains amid higher oil prices while an undecided German election left the Euro adrift. Will energy prices continue building?

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Sunday, 26 September 2021

Crude Oil Prices Hit 2-Month High on Supply Squeeze, 2021 Top Eyed

Crude oil prices rose to the highest in two months amid a supply squeeze. Will buyers push to revisit the high for the year near $77/barrel?

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How to Trade the Impact of Politics on Global Financial Markets

In a slowing global economy, the threat of geopolitical risks destabilizing global growth are elevated and open the door to violent volatility – and trading opportunities.

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Australian Dollar Forecast: AUD/USD Action May Swing on Chinese Industrial Profits

The Australian Dollar faces a tough ride higher after Treasury yields surged last week. Monday's APAC session will put focus on Chinese industrial profits. A bright figure may help AUD/USD.

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Markets Week Ahead: Dow Jones, USD/JPY, BTC/USD, China Crypto Crackdown, Evergrande

The Dow Jones rose as investors brushed aside Evergrande woes for the Fed's outlook. China's crackdown on cryptocurrencies sent Bitcoin falling. Treasury yields are back on the rise, sending USD/JP...

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S&P 500 & FTSE 100 Forecasts for the Week Ahead

Short-term uncertainties to keep the pressure on equity markets.

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Crude Oil May Rise as Covid Case Growth Slows. WTI Eyes OPEC Outlook, Evergrande

Crude oil prices may rise as global Covid case growth continues to slow, raising demand expectations. Eyes are on OPEC’s annual world oil outlook report. China’s Evergrande situation remains fluid.

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Saturday, 25 September 2021

Euro Forecast: Limited EUR/USD Bounce Could Follow German Election Results

The results of this weekend’s German Federal Election will likely dominate Euro sentiment at the start of the week ahead but after a possible EUR/USD bounce they will have little long-term impact.

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Gold Fundamental Forecast: XAU Eyes PCE After US Dollar, Treasury Yields Weigh on Price

Gold prices fell after a hawkish FOMC statement sent yields higher into the weekend, hurting the non-interest-bearing asset. PCE figures are in focus for gold traders this week.

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US Dollar Post-FOMC Performance Hinges on Slew of US Data

The update to the US Consumer Price Index (CPI) is likely to sway the US Dollar during the Federal Reserve’s blackout period as the central bank braces for a transitory rise in inflation.

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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...