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Nasdaq 100 Forecast: Risk Appetite Returns as Retail Traders Relent

Posted by By 01/02/2021Posted inForex
The Nasdaq 100 opened considerably higher to start the week as it surged throughout the session to recoup much of last week’s losses. Volatility remains high, but the technical outlook…
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FX Week Ahead – Top 5 Events: BOE & RBA Rate Decisions; Canada, New Zealand, US Jobs Reports

Posted by By 01/02/2021Posted inForex
The first week of a new month brings about significant event risk.
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NZD/USD Rate Holds in January Range Ahead of NZ Employment Report

Posted by By 01/02/2021Posted inForex
NZD/USD may continue to consolidate ahead of the update to New Zealand’s Employment report amid the failed attempt to test the January low (0.7096).
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Gold Price Outlook: Gold Recovery Coils into Resistance- XAU Levels

Posted by By 01/02/2021Posted inForex
Gold rallied more than 3.4% off the January lows with the recovery now testing confluence resistance. Here are the levels that matter on the XAU/USD technical charts.
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Canadian Dollar Price Forecast: USD/CAD, CAD/JPY, EUR/CAD

Posted by By 01/02/2021Posted inForex
The Canadian Dollar carries potential this week, with CAD-weakness showing against USD and CAD-strength against JPY and even the Euro.
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January ISM Manufacturing PMI Misses Expectations, USD Remains Strong

Posted by By 01/02/2021Posted inForex
The ISM Manufacturing PMI Report for January remained expansionary but fell below expectations, showing potential challenges in the manufacturing sector as the economic rebound softens.
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EUR/USD Bounces Ahead of January Low Again But RSI Divergence Persists

Posted by By 01/02/2021Posted inForex
EUR/USD bounces back ahead of the January low (1.2054), but the exchange rate may face a larger pullback as the RSI still tracks the downward trend from December.
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USD Firms, Silver Price Spikes on Reddit Short Squeeze Frenzy, Euro Slips – US Market Open

Posted by By 01/02/2021Posted inForex
Markets have staged a modest recovery from Friday’s weak close. Silver spikes to $30.
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Markets Week Ahead: Gold, Dow, Euro-Area GDP, NFPs, BoE & RBA Eyed

Posted by By 01/02/2021Posted inForex
Markets gyrated wildly this past week as traders reacted to a barrage of headlines ranging from central bank commentary to GameStop stock price volatility. What's in store for the week…
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Bitcoin (BTC/USD) and Ethereum (ETH/USD) Outlooks Differ in the Short-Term

Posted by By 01/02/2021Posted inForex
Bitcoin (BTC/USD) remains slightly better bid but further upside looks increasingly difficult to call in the short-term
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