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US Dollar Outlook: AUD/USD Eyes Federal Reserve Announcement

Posted by By 26/01/2021Posted inForex
AUD/USD price action extended higher on Tuesday as the US Dollar weakened broadly and erased prior session gains with traders shifting focus to the Fed rate decision on deck for…
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Bitcoin Breakdown: Has Everyone Went to Gamestop?

Posted by By 26/01/2021Posted inForex
All of two weeks ago financial headlines were dominated by Bitcoin. Now it's Gamestop. But have Bitcoin bulls completely backed away, or is this a mere pause in the trend?
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NZD/USD Breaks Out of Narrow Range Ahead of FOMC Rate Decision

Posted by By 26/01/2021Posted inForex
The FOMC rate decision may do little to derail the bullish price action in NZD/USD as the central bank relies on its non-standard tools to support the US economy.
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US Recession Watch, January 2021 – Slowing Growth Evident as Calendar Turns

Posted by By 26/01/2021Posted 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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Oil Price Forecast: US Crude Oil Price Action Indecisive Ahead of FOMC

Posted by By 26/01/2021Posted inForex
WTI US Crude Oil remains encapsulated within a channel prior to major event risk
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Gold Price Forecast: XAU/USD Resistance Bound Ahead of the Fed

Posted by By 26/01/2021Posted inForex
Gold prices are going on six months of digestion now as markets like Bitcoin or Gamestop have went ballistic. Will the Fed wave the red flag tomorrow to let the…
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Euro Forecast: Trading Through Political Headwinds – Setups in EUR/JPY, EUR/USD Rates

Posted by By 26/01/2021Posted inForex
The Euro is proving resilient despite a resurgent US Dollar, and it now may be finding the footing needed before attempting another turn higher.
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USD/CAD Outlook Clouded by RSI Divergence Ahead of FOMC Rate Decision

Posted by By 26/01/2021Posted inForex
The recent rebound in USD/CAD appears to be stalling ahead of the Federal Reserve’s first meeting for 2021 even as the RSI diverges with price.
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NZD Outperforms, EUR/GBP Back to Key Support, AUD Awaits CPI – US Market Open

Posted by By 26/01/2021Posted inForex
Turnaround Tuesday as equities firm. NZD tracks risk sentiment higher. Traders continue to buy the GBP dip.
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S&P 500, Nasdaq 100 Pushing Onward; Watch FANMAG Breakout

Posted by By 26/01/2021Posted inForex
The U.S. stock market continues to propel higher wit the leading group of stocks outside of a consolidation pattern.
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