South African Rand Outlook: ZAR Robust Despite Vaccine Interruption
Confusion around vaccine efficacy has not stopped Rand bulls as USD/ZAR continues its push lower toward key support levels
FTSE 100 Forecast: Mean-Reverting at Current Range as Fundamentals Play Out
The FTSE 100 is unable to benefit from bullish momentum and remains around its 61.8% Fibonacci
US Dollar Sell-Off Continues as Risk Markets Remain Buoyant
The US dollar sold-off for the second day as investors continue to look at risk markets positively despite some lofty valuations
British Pound (GBP) Latest: GBP/USD Breaks Higher, More Gains Likely
GBP/USD has strengthened, climbing back above the January 27, 2021 high at 1.3759, hitting its highest level since April 2018 and well placed to advance further.
Euro Forecast: EUR/USD Buoyed by Stimulus Despite Slow Vaccination Rate
The Euro-area’s cumbersome vaccine rollout, in tandem with a notable rise in inflation expectations, may cut short the Euro’s recovery against the US Dollar.
Gold, Silver Price Forecast: Edging Higher as the US Dollar Retreats Lower
Gold and silver prices moved higher as the US Dollar eased from recent highs. Precious metal prices are backed by rising inflation expectations as fiscal stimulus appears to be down…
US Dollar Outlook: SGD, THB at Risk as Treasury Yields Rise. USD/PHP Eyeing BSP
The US Dollar may continue stabilizing versus the Singapore Dollar as longer-term Treasury yields rise. USD/PHP is eyeing the Philippine central bank, with USD/INR facing Indian CPI data.
Swiss Franc Technical Forecast: USD/CHF, CHF/JPY, CAD/CHF, NZD/CHF
The Swiss Franc may be at risk to the US Dollar as fading momentum opens the door to a turn lower in CAD/CHF and NZD/CHF. CHF/JPY is eyeing a key…
Dow Jones Hits Record on Stimulus, Will Hang Seng and ASX 200 Follow?
Asia-Pacific equities may embrace another “risk-on” session as major US indices broke fresh highs on hopes that Democrats will push through a large stimulus bill. Crude oil climbed. Bitcoin soared…
Bitcoin Price Analysis: Tesla Adoption Propels BTC/USD to Record Highs
Tesla’s adoption of Bitcoin as a form of payment has propelled the cryptocurrency to fresh record highs. Rising inflation expectations may also bolster BTC in the near term.