Monday, 22 November 2021

Sentiment Indicators: Using IG Client Sentiment

IGCS is derived from actual data driven by live traders. Learn how to use IGCS as a technical indicator to compliment a multitude of approaches.

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EUR/USD Under Pressure amid German Lockdown Fears, Strong US Dollar

The Thanksgiving holiday may provide a slight reprieve for EUR/USD in a week that could see the currency drop towards 1.1200 depending on US data

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British Pound (GBP) Outlook – EUR/GBP Clinging on to Multi-Month Support

EUR/GBP remains stuck at recent support and further losses remain on the cards.

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USD/ZAR Forecast: Dollar Bid As Risk Aversion Extends, Rand to Test 16.00?

EM’s including the rand extend last week’s losses as markets flock to safe-haven currencies in the wake of COVID-19 fears

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Crude Oil Tanks on Speculation of Supply From the US and Japan. Will WTI Continue to Break Support?

Oil forecasts toward US$ 100 a barrel have been questioned by the market as strategic stockpiles may provide relief. Can oil slide further?

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Sunday, 21 November 2021

Gold Price Rise Hits a Wall on Hawkish Fed Comments, Key US Data Eyed

Gold prices retreated as a Fed official loudly called for faster stimulus withdrawal. US PMI, PCE and GDP data informing monetary policy bets now comes into focus.

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AUD/USD Eyes Upside on Potential Loan Prime Rate Cut in China

AUD/USD has China's monthly Loan Prime Rate fixing in focus amid an otherwise quiet economic docket. A surprise cut could spur some strength in the Australian Dollar.

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Powell versus Brainard: Next Fed Chair Pros and Cons

US President Joe Biden is expected to make his decision on who will be the next Fed Chair in the coming days.

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Weekly Fundamental US Stocks Forecast: Time to Buy the Dip for Year-End Rally

The end of November and beginning of December is typically one of the best times of the year for US stocks. The Santa Claus rally nears.

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Markets Week Ahead: Dow Jones, US Dollar, Crude Oil, NZD/USD, RBNZ, Fed Nomination

Volatility gripped markets on Friday, sinking the Dow Jones and crude oil as the tech-heavy Nasdaq 100 rose. European lockdown threats are in focus, with a busy in the United States for the US Doll...

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Euro Forecast: EUR/USD Outlook No Brighter For Week Ahead Despite Savage Falls

The key question for EUR/USD traders in the coming week is whether all the negativity towards the Euro has now been so fully discounted that a rally is due. The answer? Probably not.

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Saturday, 20 November 2021

British Pound Outlook: US Dollar Strength Holds GBP/USD Bulls at Bay

GBP/USD continues to struggle to climb higher as USD strength hinders the bulls ability to drive prices higher. EUR/GBP aims lower

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Gold Price to Stay Afloat on Strong US PCE Price Report

The update to the Personal Consumption Expenditure (PCE) Price Index may prop up the price of gold if the Fed’s preferred gauge for inflation rises for 11 straight months.

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Crude Oil Fundamental Forecast: US and China Square Off Against OPEC

Oil fell last week after the United States and China appeared to coordinate efforts to fight high prices. Will potential SPR releases between the two superpowers put OPEC on the defense?

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US Dollar Forecast: Key Inflation Data, Biden Fed Nomination in Focus

The US Dollar may remain on the offense with the Fed's preferred gauge of inflation - core PCE - expected at the highest since 1991. Will Joe Biden's Fed Chair nomination have lasting US Dollar imp...

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Bitcoin (BTC) and Ethereum (ETH): A Period of Strong Consolidation is Needed if The Long-Term Trend is to Resume

This week's sell-off has called into question the multi-month crypto rally. A period of rebuilding can help get the market back on track.

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Friday, 19 November 2021

RBNZ Preview: How will the New Zealand Dollar React?

With inflation and employment data much better than the RBNZ expected, risks are geared towards a possible 50bps hike.

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Australian Dollar Outlook: US Dollar, Treasuries, RBA, Fed. Is AUD/USD Sidelined?

The Australian Dollar was undermined by US Dollar strength and then a feisty bond market that over-reached. What is going to drive AUD/USD from here?

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Oil Suffers Worst Decline Since July with Covid, Potential Reserve Releases Weighing on Sentiment

Oil prices continue to come under pressure as Covid lockdowns and potential strategic supply releases weigh on price.

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Pound Sterling Forecast: GBP Lacking Significant Tailwinds Despite Positive Retail Sales Data

Despite positive retail sales data, Sterling contends with a stronger dollar, post-Brexit headaches and apparent change in sentiment

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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...