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S&P 500 May Extend Rally on Stimulus Hopes and a Weaker US Dollar

Posted by By 14/02/2021Posted inForex
The three major US indices may extend their broader upward trajectory, carried by fiscal stimulus hopes, an improved fundamental outlook, positive earnings guidance and a weaker US Dollar.
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Mexican Peso Forecast: Short-Term Direction to be Determined as Key Levels Loom

Posted by By 14/02/2021Posted inForex
USD/MXN to move in line with overall market sentiment as economic data dries up.
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AUDUSD Forecast: Risk Appetite Is Aussie Dollar's Charge for New Highs

Posted by By 14/02/2021Posted inForex
The Australian Dollar has extended its rebound this past week, but the jump hasn’t put the currency in line for new multi-year highs on a larger bull trend…yet.
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Euro Forecast: EUR/USD Outlook Improves as US Dollar Slides

Posted by By 14/02/2021Posted inForex
Last week’s benign US inflation data and bearish comments from the Federal Reserve’s Jerome Powell have undermined the US Dollar and improved the prospects for EUR/USD accordingly.
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Gold Price Forecast: Can the US Dollar Save Gold from a Breakdown?

Posted by By 13/02/2021Posted inForex
Gold prices subdued, familiar resistance caps. Downside risks remain unless USD cracks key support.
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Crude Oil: WTI Extended, but Has Generally Bullish Technical Outlook

Posted by By 13/02/2021Posted inForex
WTI crude oil remains in neat upward channel structure that continues to be a guide for its generally bullish outlook.
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US Dollar Fundamental Forecast: Downtrend to Resume Course as Stocks Climb?

Posted by By 13/02/2021Posted inForex
The anti-risk US Dollar weakened this past week as the Dow Jones, S&P 500 and Nasdaq Composite climbed. Has the dominant downtrend resumed course?
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Nasdaq 100, S&P 500, FTSE 100 Forecasts for the Week

Posted by By 13/02/2021Posted inForex
Risk appetite remains strong as equities push higher and US corporations begin to wade into the cryptocurrency space, boosting digital assets like Bitcoin and Ethereum.
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Crude Oil Prices Set to Extend Further. Have Prices Ran Too Far, Too Fast?

Posted by By 13/02/2021Posted inForex
Crude oil's rally looks set to extend further after the IEA pointed to near-term risks for 2021 in an updated report. However, a short-term pullback may be needed before higher…
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Euro Technical Forecast: EUR/USD, EUR/JPY Bulls to Push Onward

Posted by By 13/02/2021Posted inForex
The Euro traded mixed across the board of major currency pairs this past week, but EUR/USD and EUR/JPY look like they could embark on another extension of their broader bullish…
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