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Trading the Digital Yuan: The first central bank-backed digital currency

Posted by By 27/10/2021Posted inForex
The digital yuan (aka eCNY) is already being tested in mainland China, and the upcoming release of this new blockchain-enabled central bank digital currency (CBDC) is poised to further disrupt…
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Canadian Dollar Price Forecast: USD/CAD remains rangebound after BoC rate decision

Posted by By 27/10/2021Posted inForex
Bank of Canada (BoC) holds rates steady at 0.25%, USD/CAD remains in a well-defined range ahead of next week’s FOMC meeting minutes
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Oil Price Susceptible to Larger Pullback as RSI Sell Signal Emerges

Posted by By 27/10/2021Posted inForex
The price of oil may face a larger pullback over the remainder of the month as the RSI falls back from overbought territory to indicate a textbook sell signal.
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Sterling Technical Forecast: GBP/USD Coils at 52-Week Moving Average

Posted by By 27/10/2021Posted inForex
Sterling continues to contract around the yearly moving average with the BoE and FOMC on tap next week. Here are the levels that matter on the GBP/USD weekly chart.
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Euro Technical Forecast: EUR/USD Pressured into ECB- Breakout Levels

Posted by By 27/10/2021Posted inForex
Euro is poised to snap a two-week winning streak with the EUR/USD trading just above support at the yearly lows. Levels that matter on the EUR/USD weekly chart into ECB.
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Bitcoin Outlook: BTC/USD Boom or Bust as Prices Retreat From ATH?

Posted by By 27/10/2021Posted inForex
Bitcoin prices have retreated from the recent fresh ATH as the battle between regulations and an increase in institutional adoption persists
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USD/JPY Correction to Persist Amid Weakness in US Treasury Yields

Posted by By 27/10/2021Posted inForex
USD/JPY may continue to consolidate ahead of the Federal Reserve rate decision on November 3 as the 10-Year Treasury yield weakens for the fourth consecutive day.
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USD/CAD Breaking News: Hawkish Surprise as Bank of Canada Holds Rates Steady

Posted by By 27/10/2021Posted inForex
USD/CAD fell on the back of the Bank of Canada expectedly maintaining rates at current levels however, the a surprise end to the QE program prompted CAD buyers to extend…
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The Race to a Billion: Men Versus Women

Posted by By 27/10/2021Posted inForex
Who reaches billionaire status sooner, men or women? Our report analyzes the top billionaires in the world to find out.
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GBP/USD IG Client Sentiment: Our data shows traders are now net-long GBP/USD for the first time since Oct 15, 2021 when GBP/USD traded near 1.37.

Posted by By 27/10/2021Posted inForex
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/USD-bearish contrarian trading bias.
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