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Crude Oil Forecast: Backwardation Hints at Gains with OPEC JMMC on Tap

Posted by By 30/01/2021Posted inForex
Crude oil prices may continue to push higher ahead of OPEC’s JMMC meeting, on the back of futures curve backwardation, vaccination progress and a notable decline in global cases of…
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AUD/USD Rate Outlook Hinges on February 2021 RBA Rate Decision

Posted by By 30/01/2021Posted inForex
The Reserve Bank of Australia (RBA) interest rate decision may fuel the recent rebound in AUD/USD if the central bank retains the current course for monetary policy.
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South African Rand Price Action Setups: USD/ZAR, GBP/ZAR

Posted by By 29/01/2021Posted inForex
Economic and political uncertainty continues to weigh on the South African Rand.
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Gold, Silver Price Forecast: Silver Bid, Gold/Silver Ratio Breaks Down

Posted by By 29/01/2021Posted inForex
Gold has continued to digest for much of the past six months, but this week saw Silver bulls show up in a very pronounced manner.
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US Recession Watch, January 2021 – Slowing Growth Evident as Calendar Turns

Posted by By 29/01/2021Posted inForex
Although US Treasury yields have risen in recent weeks, 4Q’20 growth expectations have slid. A double dip recession may or may not be avoided.
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British Pound Price Action Setups: GBP/USD, GBP/JPY

Posted by By 29/01/2021Posted inForex
GBP marches towards potentially key levels in GBP/USD and GBP/JPY.
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GBP/JPY IG Client Sentiment: Our data shows traders are now at their least net-long GBP/JPY since Jun 11 when GBP/JPY traded near 134.40.

Posted by By 29/01/2021Posted inForex
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/JPY-bullish contrarian trading bias.
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British Pound Outlook: Bank of England and Covid-19 will Drive GBP Price Action

Posted by By 29/01/2021Posted inForex
The latest Bank of England (BoE) monetary policy decision will be the main focus for Sterling traders, but covid-19 stats and the EU/UK vaccination dust-up will also move GBP next…
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Gold Price Forecast: Bullion to Track Rise in US Treasury Yields

Posted by By 29/01/2021Posted inForex
The price of gold may continue to retrace the decline from the monthly high ($1959) as bullion largely tracks the rebound in longer-dated US Treasury yields.
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Bitcoin Price Forecast: Will Retail Traders Pile into Bitcoin Next?

Posted by By 29/01/2021Posted inForex
Bitcoin bounced off support as other speculative favorites like GameStop, AMC and BlackBerry suffer staggering losses following invention from brokerages. Will Bitcoin benefit from the current clim...
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