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USD/CAD Technical Outlook: Bullish Price Action at Confluent Support

Posted by By 21/01/2022Posted inForex
USD/CAD fell swiftly from a bearish technical formation but the move may be truncated if recent price action at support holds.
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GBP/USD Dragged Lower by Weak Retail Sales, Ongoing Political Turmoil

Posted by By 21/01/2022Posted inForex
UK PM Boris Johnson’s tenure in No.10 Downing Street may soon come to an abrupt end if a report out next week implies that he lied to Parliament.
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Bitcoin Price Analysis: BTC/USD Breaches 40K on Global Risk Aversion

Posted by By 21/01/2022Posted inForex
Bitcoin has lost 45% of its ‘value’ since the all-time high in November 2021 and broke below the 40k level overnight as global risk sentiment sours
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Australian Dollar Forecast: AUD/USD Awaits Fed Risk

Posted by By 21/01/2022Posted inForex
All eyes on the Fed next week as Aussie would likely outperform on a hawkish disappointment.
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Rampant Rand Clings on to Best Performing Currency Against USD YTD

Posted by By 21/01/2022Posted inForex
The rand has evaded risk aversion today after escalating Russia-Ukraine tensions. USD/ZAR trades at significant levels ahead of SARB and Fed interest rate decisions.
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Euro at Risk as Rally Fails, Positioning Signal Turns More Bearish

Posted by By 21/01/2022Posted inForex
The Euro looks vulnerable after a would-be EUR/USD rally conspicuously failed and retail positioning shifted toward a more convincing bearish setting.
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British Pound Holds Ground as Risk Aversion Grips Markets Ahead of Fed Action. Will GBP/USD Break?

Posted by By 21/01/2022Posted inForex
The British Pound has steered clear of market meltdown volatility for now as traders were spooked by Fed hikes and geopolitical risk. Where to next for GBP/USD?
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Oil Price Susceptible to RSI Sell Signal amid Rise in US Inventories

Posted by By 21/01/2022Posted inForex
Looming developments in RSI may indicate a near-term pullback for the price of oil if the oscillator falls below 70 to offer a textbook sell signal.
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S&P 500 Index May Lead APAC Lower, Netflix Outlook Disappoints

Posted by By 21/01/2022Posted inForex
The S&P 500 index fell for a third day as investors mulled mixed US earnings and the outlook for Fed tightening. Netflix gave dismal outlook for new subscribers growth. APAC…
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New Zealand Dollar Forecast: NZD/USD Falls as Haven Flows Charge US Dollar

Posted by By 21/01/2022Posted inForex
The New Zealand Dollar weakened versus the US Dollar overnight as a bearish session on Wall Street prompted increased haven flows. Asia-Pacific trading is likely to see this risk-off move…
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