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USD/ZAR Forecast: Rand Back on Top as Best Performing EM Currency

Posted by By 02/09/2021Posted inForex
The rand has exhibited a strong few weeks as it becomes the best performing emerging market currency against the dollar YTD, but has this ZAR rally run out of steam?…
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US Dollar Price Action: USD Selloff, AUD/USD Shorts Covered, EUR/USD Upside Stalls

Posted by By 02/09/2021Posted inForex
USD selling off into NFP, AUD negatives in the price, EUR setting up for ECB dove trap?
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Bitcoin (BTC/USD) Punching Through $50k, Ethereum (ETH/USD) Hits Another Multi-Month High

Posted by By 02/09/2021Posted inForex
The cryptocurrency market is in full swing with prices across the board showing hefty gains, led by Bitcoin breaking back above $50k.
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British Pound (GBP) Price Outlook: GBP/USD, EUR/GBP Both Close to Reversing

Posted by By 02/09/2021Posted inForex
GBP continues to move in opposite directions against USD and EUR: gaining against the Dollar but weakening against the Euro. However, resistance is nearing and both trends could soon reverse.
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Australian Dollar Gassed Up But Iron Ore Drop Aborts Lift Off. Where To for AUD/USD?

Posted by By 02/09/2021Posted inForex
AUD/USD tried to go higher today on good data news but iron ore is moving lower while other commodities firm up. Which way will AUD/USD go?
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Crude Oil Prices May Drop Back From $70 on US Jobs Report

Posted by By 02/09/2021Posted inForex
Crude oil prices may turn lower having rebounded toward the $70/bbl figure if US jobs data flags a slowdown in hiring even as wage inflation remains elevated.
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US Dollar Downtrend Gathers Momentum: USD/SGD, USD/THB, USD/PHP, USD/IDR

Posted by By 02/09/2021Posted inForex
The US Dollar remains vulnerable to its ASEAN counterparts, with downtrends increasingly in play between USD/SGD, USD/THB, USD/PHP and USD/IDR.
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EUR/USD, EUR/AUD, EUR/NZD Analysis: Down, Up or Sideways for the Euro?

Posted by By 02/09/2021Posted inForex
The Euro is caught in the crosswinds of other currency pairs such as EUR/USD, EUR/AUD and EUR/NZD. Will the single currency break out on a path of its own?
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Gold Price Forecast: XAU/USD Eyes Covid, Initial Jobless Claims as NFP Nears

Posted by By 02/09/2021Posted inForex
Gold traders have the US jobs market in tight focus as rising Covid cases boost the yellow metal's safe-haven appeal. Initial jobless claims will offer the last hint on the…
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S&P 500 Supported by Real Estate, Nikkei 225 Eyes Falling Triangle Chart Pattern

Posted by By 02/09/2021Posted inForex
The S&P 500 ended flat, supported by the real estate sector after a soft ADP jobs report sent investors into tech stocks. The Nikkei 225 is eyeing a Descending Triangle…
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