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Bitcoin Price Forecast: Did Elon Musk Materially Alter Bitcoin's Outlook?

Posted by By 05/02/2021Posted inForex
Bitcoin may have rallied briefly after Elon Musk mentioned the cryptocurrency on Twitter, but did the short-lived surge materially alter the longer term forecast? It may have.
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Australian Dollar Eyes RBA Lowe Speech, AUD/JPY at Technical Juncture

Posted by By 05/02/2021Posted inForex
Australian Dollar strength is attempting to search out new price levels as the RBA maintains a dovish posture. Meanwhile, AUD/JPY is attempting to clear a Descending Triangle pattern.
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USD/JPY Price Outlook: US Dollar Eyes Monthly Jobs Report Due

Posted by By 04/02/2021Posted inForex
USD/JPY price action spiked to a 12-week high on Thursday as US Dollar strength continues broadly headed into the potentially high-impact release of monthly nonfarm payrolls data.
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Stock Market Forecast: Earnings and Volatility Set to Continue in February

Posted by By 04/02/2021Posted inForex
The US indices endured considerable volatility in the tail end of January which might carry over into February as seasonality and earnings season look to influence price action.
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Gold Price Susceptible to Bearish RSI Signal on Break of January Range

Posted by By 04/02/2021Posted inForex
The Relative Strength Index (RSI) may indicate a further decline in the price of gold if the oscillator crosses below 30 and pushes into oversold territory.
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Euro Outlook: EUR/USD Plummets Past 1.20- 2021 Breakdown Intensifies

Posted by By 04/02/2021Posted inForex
Euro is off more nearly 2.3% since the yearly open with the breakdown taking a leg lower ahead of NFPs. Here are the levels that matter on the EUR/USD technical…
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FTSE 100 Forecast: Have Recent Losses Upended the Bullish Outlook?

Posted by By 04/02/2021Posted inForex
The FTSE 100 suffered losses over the last few weeks, sending the index beneath key support and erasing weeks of hard-fought gains. Can the index recover and continue higher?
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US Dollar Price Action Pre-NFP: EUR/USD, GBP/USD, USD/CAD

Posted by By 04/02/2021Posted inForex
King Dollar on the return? The US Dollar has started February on a bullish note, but tomorrow brings a key test with the release of Non-farm Payrolls.
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Japanese Yen Outlook: USD/JPY Breakout- Bulls Drive For Seventh Day

Posted by By 04/02/2021Posted inForex
The breakout is poised to mark a seventh consecutive day with USD/JPY eyeing resistance at multi-month highs. These are the levels that matter on the technical chart.
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Central Bank Watch: BOC, RBA, & RBNZ Interest Rate Expectations Update

Posted by By 04/02/2021Posted inForex
The commodity currencies have stumbled out of the gates in 2021. Their central banks are steadfast.
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