Cryptocurrency volatility is back at extreme levels last seen in early 2018 as Bitcoin continues to hit fresh all-time highs before the altcoin market rallied hard, playing catch-up.
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Monday, 4 January 2021
Risk Events for January: Why the Georgia Senate Runoff is Key for Financial Markets
US politics dominates the calendar for January with the Georgia senate runoff elections.
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DAX 30 Forecast - Bullish Momentum Builds Despite National Lockdown Extension
The DAX 30 pushes for a new all-time high as bullish momentum increases despite continued concerns about coronavirus
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British Pound Latest - GBP Boosted by Covid Vaccine Rollout, UK Virus Cases Surge
The Oxford vaccination rollout begins today with the UK government planning to administer millions of doses within weeks
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Sunday, 3 January 2021
EUR/USD, EUR/JPY Rates Eyeing Euro-Area Inflation and PMI Figures
The Euro looks poised to extend its gains against the US Dollar and Japanese Yen despite the tightening of restrictions in several EU nations, as investors eye upcoming inflation and PMI figures.
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Gold Prices Breach Key Chart Resistance and Eye Further Upside Potential
Gold prices are trading higher on Monday amid worsening Covid-19 situations and US Dollar weakness. Prices have likely broken a key chart resistance level and opened room for further upside potential.
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ASX 200, Hang Seng Weekly Open: Rally May Pause as Pandemic Worsens
Asia-Pacific equities trade mixed as the pandemic worsens, despite hopes that central banks and governments might continue to deploy cash into 2021. Bitcoin hit US$ 33k as its exuberant rally carri...
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Bitcoin, Ethereum Outlook: Cryptos Go Parabolic, is a Correction Due?
Bitcoin and Ethereum have stormed higher since the March Nadir, on the back of extraordinary fiscal and monetary support. However, a near-term pullback could be in the offing.
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Copper 1Q Forecast: May Rise Further as Post-Covid Economic Outlook Clears
Copper may continue to rise into fresh multi-year highs as fundamental drivers appear set to strengthen in 2021.
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CNH 1Q Forecast: Vaccines and Biden’s Presidency May Threaten Yuan’s “One Way” Trajectory
A potential rebound in the US Dollar as a result of stronger fundamentals and inflation overshoot may lead to a reversal of EM currencies’ bullish trend. More importantly, a possible reigniting of ...
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MXN 1Q Forecast: Mexican Peso Outlook - USD/MXN Bearish in 2021 as Recovery Persists
The Mexican Peso looks positioned for a prolonged advance against the US Dollar in 2021. This could present bearish USD/MXN trading opportunities with the Mexican Peso possessing potential to exten...
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Saturday, 2 January 2021
JPY 1Q Forecast: 2021 Could be the Year JPY Wakes Up
The place to be next year could be JPY, as the charts become increasingly “dead” and coiled up. USD/JPY and EUR/JPY are a couple of charts that hint at possibly making big moves.
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AUD 1Q Forecasts: Key Market Trends to Watch for in 2021 FX Market - Long AUD/USD and AUD/JPY
The Australian Dollar may continue to outperform against its US counterpart as the continuation pattern gains traction ahead of 2021. The improvement in investor confidence has also spurred a recov...
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AUD, NZD 1Q Forecasts: Commodity Currency Breakout in 2021? Cyclical Upturn Ahead for AUD & NZD
2021 could prove to be the start of a commodity-currency bull market, as long-term price analysis suggests a cyclical shift may be afoot for AUD, NZD against the haven-linked USD.
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CAD/JPY 1Q Forecast: Long CAD/JPY - Time to Start Mending the Global Economy
A long CAD/JPY trade hopefully benefits from the nascent economic recovery. I’m looking for both sides of the FX-pair to perform with the Canadian dollar appreciating alongside an uplift in the pri...
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EUR/USD 1Q Forecast: US Dollar May Rebound vs. Euro as Fed, ECB Policies Diverge
One major central bank unlikely to pace the Fed is the ECB. A yawning gap between US and Eurozone breakeven rates underscores this, suggesting that the Euro may turn lower as the global monetary po...
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JPY 1Q Forecasts: Range USD/JPY 7-Year Wedge, Bullish GBP/JPY Post-Brexit Break
Looking into 2021, I’m interested in the gravity of USD/JPY’s range and the contrast for multiple scenarios to a GBP/JPY climb.
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USD/CAD 1Q Forecast: Short USD/CAD Amid a Recovering Global Economy and Dovish Fed
As economies continued to regain their footing, the US Dollar lost much of its luster as the Federal Reserve looks to stand firm on its accommodative policy stance into 2023. On the other hand, the...
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NZD/USD 1Q Forecast: Long NZD/USD as RBNZ Rhetoric Improves
The New Zealand Dollar has been the best performing currency towards the end of the year, appreciating 6.8% against the US Dollar in November alone. I expect this appreciation to continue into the ...
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1Q Forecasts: Vaccines Mean Hope Springs Eternal - Long MXN/JPY, Long Copper (XCU/USD), Long RUT & NDX
In this low interest rate world with pent up aggregate demand and significant slack in the world’s major economies, there is ample room for growth. If growth is the story of 2021, the underperforme...
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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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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...