Long EUR/HUF, USD/HUF: Q3 Top Trading Opportunities
Back at the end of June, the National Bank of Hungary became the first of the European Union’s central banks to start increasing interest rates to ward off the possibility…
Bitcoin (BTC), Ethereum (ETH) Support Levels Hold, Sentiment Turning But Still Fragile
The cryptocurrency market reversed higher Wednesday off noted support levels, aided by encouraging comments from Elon Musk
British Pound (GBP) Price Outlook: EUR/GBP May Rise After ECB Meeting
This session’s ECB announcement will be the focus of attention for EUR/GBP traders and, with a dovish ECB already priced in, the risk is that EUR/GBP rallies as the bank…
EUR/USD Breakout May Be Imminent on ECB Policy Update
The Euro may break out from its narrow range against the US Dollar as the ECB begins to unveil an update of its monetary policy framework.
Crude Oil Rebound May Not Last Amid Viral Concerns and Rising Stockpiles
WTI crude oil retreated slightly after rallying 5.7% a day ago as traders mulled lingering viral concerns and an unexpected rise in US crude inventories. Prices may face some pressure…
Gold Prices Extend Lower Toward $1,800. Will the ECB Deliver Surprises?
Gold prices extended lower after breaking a near-term uptrend amid revitalized reflation optimism. Traders are eyeing the ECB meeting for clues about the asset purchasing program and its ramificati...
The Anatomy of a Viral Asset: GME and Beyond
GameStop’s spectacular rise and fall signals that a new age of financial market trends may be emerging. What does that mean for volatility?
Swiss Franc Outlook Brightens: NZD/CHF, CHF/JPY Primed for Action?
The Swiss Franc’s technical stance against the New Zealand Dollar and Japanese Yen has brightened, with the technical outlook in NZD/CHF and CHF/JPY primed to benefit CHF.
Wall Street Stocks Climb on Strong Earnings. Will the Hang Seng Index Follow?
Wall Street stocks rebounded for a second day as strong US earnings revitalized investor confidence. Asia-Pacific markets may follow higher. The ECB interest rate decision and US jobless claims are...
New Zealand Dollar Forecast: NZD/USD Up on Sentiment Recovery, OCR Bets
A recovery in global market sentiment is lifting the risk-sensitive New Zealand Dollar as growth worries related to the Delta variant of Covid-19 subside.