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Cryptocurrencies Hammered Over the Weekend, ETH/BTC Spread Continues to Rally

Posted by By 06/12/2021Posted inForex
A sharp sell-off over the weekend has sent a range of cryptos to multi-week lows, but that hasn't stopped the ETH/BTC rallying moving ever higher.
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AUD/USD at the Extremes, Fading EUR/GBP Rallies Remains Appropriate

Posted by By 06/12/2021Posted inForex
AUD/USD extremely oversold, stable equities should prompt rebound, EUR/GBP to stall at 200DMA
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Evergrande Shares Slump to a Multi-Year Low on Fresh Default Fears

Posted by By 06/12/2021Posted inForex
Chinese property developer Evergrande Group is on the cusp of defaulting after warning Friday that it may not have the money to pay its obligations.
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Gold Prices May Backtrack as Markets Steady, Omicron a Wildcard

Posted by By 06/12/2021Posted inForex
Gold prices may retrace some recent gains as sentiment stabilizes across major financial markets following last week’s blood-letting. The Omicron variant is a wildcard however.
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Crude Oil Holds Gain on OPEC+ Fallout and US Dollar Softens. Where To From Here?

Posted by By 06/12/2021Posted inForex
WTI nudged higher today as risk sentiment generally improved and the US Dollar lost ground to commodities. Have we seen the low in crude for now?
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US Dollar Forecast: Will Gains Continue? USD/SGD, USD/THB, USD/IDR, USD/PHP

Posted by By 06/12/2021Posted inForex
The US Dollar may extend gains against ASEAN currencies following recent gains. Still, USD/SGD, USD/THB, USD/IDR and USD/PHP have yet to overcome key resistance levels.
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Japanese Yen Technical Analysis: USD/JPY, AUD/JPY, NZD/JPY. Where to For Yen?

Posted by By 06/12/2021Posted inForex
The Japanese Yen strengthened significantly to end last week against AUD and NZD, but went sideways against USD. Will USD/JPY join the crosses lower?
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Markets Week Ahead: Dow Jones, Nasdaq 100, US Dollar, Yen, AUD/USD, RBA, USD/CAD, BoC

Posted by By 05/12/2021Posted inForex
The Dow Jones, S&P 500 and Nasdaq 100 slumped as volatility swept through markets. The US Dollar and Japanese Yen gained as crude oil prices declined. US CPI, the RBA…
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S&P 500 Weekly Forecast: Omicron Fears May Weigh on US Stocks; Reopening Trade at Risk

Posted by By 05/12/2021Posted inForex
U.S. stocks, particularly the reopening basket, may come under more pressure in the near term as traders trim positions in risk assets amid omicron variant uncertainty and fragile sentiment.
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USD/JPY on the Cusp of Reversal as All Yen Crosses Yield to Risk Trends

Posted by By 05/12/2021Posted inForex
The volatility that has stirred in the broader financial markets doesn’t full encompass the retreat in a range of ‘risk’ assets that we have seen for some weeks. That erosion…
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