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Forex

Mexican Peso Outlook: USD/MXN Breakdown to Nine-month Lows

Posted by By 20/01/2021Posted inForex
The Mexican Peso is poised for a consecutive weekly advance as USD/MXN breaks to fresh nine-month lows. Here are the levels that matter on technical charts this week.
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EUR/USD Rate Outlook Hinges on 2021 ECB Forward Guidance

Posted by By 20/01/2021Posted inForex
EUR/USD trades back above the 50-Day SMA (1.2081) ahead of the ECB’s first rate decision for 2021 as it extends the rebound from the monthly low (1.2054).
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USD/CAD Snaps Lower Following Bank of Canada Rate Decision

Posted by By 20/01/2021Posted inForex
The Canadian Dollar is surging to session highs as USD/CAD price action plummets in response to the latest Bank of Canada interest rate decision just crossing market wires.
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Sentiment Snapshot (Europe): GBP/USD, EUR/JPY, GBP/JPY

Posted by By 20/01/2021Posted inForex
This sentiment snapshot looks at some of the larger imbalances in positioning across a number of currency pairs and what this could mean for each
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Market Sentiment Firms as Netflix Soars, Euro Weakens as EUR/GBP Cracks Support – US Market Open

Posted by By 20/01/2021Posted inForex
Tech stocks outperforms on Netflix. Italy PM survives confidence vote, however, government remains fragile
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S&P 500, Dow Jones & Nasdaq 100 Charts – Continuing to Channel Higher

Posted by By 20/01/2021Posted inForex
The U.S. stock market remains on course for higher prices, maintaining well defined paths at the moment.
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Bank of Canada Preview: Canadian Dollar (CAD) Guide for BoC Rate Decision

Posted by By 20/01/2021Posted inForex
BoC expected to maintain current policy despite some suggestions of a micro-cut.
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Gold Prices Rise to Critical Resistance on Inauguration Day

Posted by By 20/01/2021Posted inForex
Gold prices capped by key resistance, US real yields key for direction.
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IBEX 35 Forecast: Price Consolidates as European Equities Struggle to Keep Up

Posted by By 20/01/2021Posted inForex
The IBEX 35 consolidates between two Fibonacci levels, EUR loses bullish momentum
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EUR/GBP Price Outlook – Breaking Multi-Month Support Ahead of the ECB Rate Decision

Posted by By 20/01/2021Posted inForex
EUR/GBP is probing an important support level, which if broken convincingly opens the way to further losses in the short-term
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