Saturday, 2 April 2022

EUR Forecast Q2 2022: A Badly Battered Euro May Find a Lifeline in Ukraine, But Can an Upswing Last?

The Euro suffered punishing losses in the first quarter of 2022. The currency is on pace to shed almost 3 percent against an average of its major counterparts, marking the worst three-month perform...

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Bearish USD/CAD: Top Trade Opportunities

Amid heightened geopolitical and fundamental risks, the safe-haven appeal of the US Dollar and the hawkish rhetoric of the Federal Reserve has allowed USD to strengthen against its major counterpar...

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Friday, 1 April 2022

Energy Stocks Look Attractive on Soaring Oil: Top Trade Opportunities

The first quarter was quite eventful for Wall Street, but the war in Eastern Europe was clearly a standout. Geopolitical tensions rattled financial markets, weighed on equities, and sparked a commo...

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AUD Forecast Q2 2022: Commodities and Central Banks in Focus

The Australian Dollar made an 18-month low in January, eclipsing the November 2020 nadir of 0.6991 by a small margin.

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Long Ethereum (ETH/USD): Top Trade Opportunities

The outlook for Ethereum, both technically and fundamentally, is starting to look rosy and this should feed through into its price over the coming quarter.

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Getting Long the Semiconductor Space via SMH: Top Trade Opportunities

Whether we blame rising rates, supply chain issues, or the war in Ukraine, the semiconductor space has seen significant downside this year with SMH down 16% to end the first quarter of trading.

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Equities Forecast Q2 2022: Fed Policy Remains the Biggest Risk for Equity Markets

A volatile first quarter for US equities, which grappled with not only an inflation-fighting Federal Reserve but also increased geopolitical tensions.

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US Dollar Forecast Q2 2022: Dollar Rate Hikes, Conversion and Safety Appeal

It is difficult to tell what role the Dollar will play in the global financial system heading into the second quarter of 2022. On the one hand, traditional risk assets have held back the tide of a ...

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Thursday, 31 March 2022

Crude Oil Forecast: WTI Price Drop Extends on US SPR Release, Brent Losses Outpace

Oil prices continue to fall on Friday during Asia-Pacific hours as traders digest the US move to release one million barrels of oil per day from the Strategic Petroleum Reserve. Brent prices underp...

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EUR/USD Reveres from 50-Day SMA with US NFP Report on Tap

Fresh data prints coming out of the US may drag on EUR/USD as the US Non-Farm Payrolls (NFP) report is anticipated to show a further improvement in the labor market.

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NZD/USD May Fall as APAC Traders Brace for US Jobs Report

The New Zealand Dollar may fall against the US Dollar as Asia-Pacific traders brace for tonight's US jobs report. Asian equity markets may fall after US-listed Chinese tech stocks plunged overnight.

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Gold Price Forecast: Rebound Takes Shape Following Test of 50-Day SMA

The price of gold may stage a larger recovery over the coming days as it appears to be reversing course after testing the 50-Day SMA ($1896).

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Central Bank Watch: BOE & ECB Interest Rate Expectations Update

Rate hike odds have increased meaningfully for both the BOE and ECB in recent weeks.

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Wednesday, 30 March 2022

Gold Prices Steady, DAX Stock Index Stumbles on Ukraine Letdown

Gold prices steadied while Germany’s benchmark DAX stock fell as hopes for a breakthrough in negotiations between Russia and Ukraine appeared to sour.

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AUD/USD Unfazed on Downbeat Chinese PMI Data. Will the PBOC Respond?

The Australian Dollar was largely unfazed against the US Dollar after China reported a slowdown in its services and manufacturing sectors in March, according to PMI data. That may pressure the PBOC...

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Crude Oil Prices Sink as White House Weighs Plan to Release a Million Barrels Daily

WTI crude oil prices are sinking after reports crossed the wires that the White House is weighing a plan to release one million barrels of the commodity daily to help alleviate inflation.

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USD/JPY Pullback May Continue as Traders Eye Chinese PMI Data Amid Risk-Off Move

The Japanese Yen strengthened for a second day as Wall Street traders shifted out of equities as oil prices rose on a large US inventory draw. China PMI data is in focus and may influence market se...

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S&P 500, Nasdaq 100 Slip on Inflation Jitters as Geopolitical Risk Boosts Oil Prices

U.S. stocks fail to maintain momentum and take a turn to the downside as war worries drive oil prices higher, fueling concerns about cost-push inflation.

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USD/CAD Fails to Defend 2022 Opening Range Ahead of US PCE, NFP Reports

USD/CAD may depreciate over the remainder of the week as the exchange rate fails to defend the opening range for 2022.

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Euro Technical Analysis: Consistent Narrative Forming for EUR/GBP, EUR/JPY, EUR/USD

The major EUR-crosses are coalescing around a singular theme.

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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...