Monday, 11 October 2021

Crude Oil Continues to Rise as Industries Consider Switching Over From Expensive Gas

Increasing gas prices are causing oil switchover which is keeping crude prices supported

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DAX Index Forecast: Bund Sell-off Continues, Germany 40 Feels the Pinch

The DAX index remains under pressure after the European bond market sell-off extends this week. Bund yields rise while financial and energy sectors attempt to buoy the German stock index.

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British Pound (GBP) Boosted as Bank of England Warns of Higher Interest Rates

Sterling has opened the week in robust fashion after commentary from the BoE that interest rates may be hiked earlier than previously thought a due to ongoing inflation fears.

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Japanese Yen Tanks as Crude Oil Surges Higher on Energy Crunch. Will USD/JPY Keep Going?

The Japanese Yen weakened further today as energy markets marched higher and tax concerns were alleviated. How far can the Yen go?

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Sunday, 10 October 2021

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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AUD/USD May Rise as New South Wales Reopens, Energy Prices Remain in Focus

The Australian Dollar is off to a cautious start versus the US Dollar as New South Wales comes out of lockdown. A light economic calendar leaves prevailing risk trends in focus.

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Markets Week Ahead: Dow Jones, Canadian Dollar, Crude Oil, BTC/USD, US CPI, FOMC Minutes

Wall Street recovered this past week as the Dow Jones outpaced the Nasdaq 100. The Canadian Dollar soared alongside crude oil prices. Bitcoin may see volatility as the White House revealed a push f...

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S&P 500, DAX 40 Forecasts for the Week Ahead

Equities struggle to recover bullish momentum as Fed tapering seems like a done deal.

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Oil Price Rally to Persist amid Tepid Recovery in US Crude Output

The price of oil clears the $80 handle as OPEC remains reluctant to boost production, and current market may keep crude prices afloat amid the tepid recovery in US output.

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Saturday, 9 October 2021

EUR/USD Forecast: What's the Incentive to Buy the Euro?

The problem for Euro bulls is that it’s hard to think of any good reason to buy it; not just EUR/USD but the Euro crosses too.

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Gold Prices Eye CPI as Non-Farm Payrolls Miss, Rising Wages Complicate Fed Outlook

Gold prices remain vulnerable despite a headline non-farm payrolls miss. Rising wages could mean that inflation remains high, complicating the Fed's outlook. XAU/USD eyes CPI data.

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Weekly Fundamental US Dollar Forecast: November Taper on Track After NFP

Despite a disappointing headline figure, the September US NFP report was another milestone on the road to the Fed tapering asset purchases.

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Friday, 8 October 2021

Bitcoin (BTC) Grinding Back to Multi-Month Highs, Volt ETF Offers Crypto Diversification

Bitcoin is up over $8k on the week with hardly a pullback seen during the latest move. The market leader looks strong but overbought, according to one technical indicator.

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Australian Dollar Outlook: Energy Burst Boosts Markets. Can it Drive AUD/USD Up?

The Australian Dollar is subject to external forces as commodities roar and risk sentiment sways under Chinese outcomes. Where to next for AUD/USD?

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GBP Forecast: BoE Rate Rise This Year? Don’t Bank on It

UK Labour and BoE speeches in focus. Aggressive tightening bets raise GBP sensitivity.

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NZD/USD to Stage Larger Recovery on Break of October Opening Range

NZD/USD may stage a larger recovery over the coming days if the exchange rate clears the opening range for October.

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Gold Jumps, US Dollar Drops on NFP Miss, Fed Tapering Still a Done Deal

NFP headline miss weighs on USD, however, this is unlikely to deter the Fed away from tapering.

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Australian Dollar Has Breakout Potential, S&P 500 Turning a Corner

AUD Approaching Pivotal Resistance. S&P 500 Tracking Seasonal Pattern. Eyes on US Yields

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NZD/USD Outlook: US NFP, RBNZ Rate Hike Expectations, Market Sentiment

NZD/USD is keeping near its key support area as investors look for guidance in the latest NFP report

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US Dollar Strength Underpinned by Higher Treasury Yields, Non-Farm Payrolls Near

The benchmark US 10-year bond is now quoted with a yield around1.60%, a new 4-month high, ahead of the latest look at the US jobs market.

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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...