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USD/CAD Technical Overview: Stuck in a Channel Below Long-term Support

Posted by By 14/01/2021Posted inForex
USD/CAD continues to show very little threat at this time of turning things around; trending below long-term support suggests further losses ahead.
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Gold Price Outlook – The Recent Sell-Off May Not be Over Yet

Posted by By 14/01/2021Posted inForex
Gold is struggling to make any headway this week after last week’s sharp sell-off. And the backdrop remains bearish for the precious metal ahead of the next round of US…
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USD/ZAR Outlook: Rand Pulls Back Pending Next Week’s SARB Meeting

Posted by By 14/01/2021Posted inForex
Rand may be heading for further strength, while key South African economic data is scheduled next week.
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Japanese Yen Forecast: USD/JPY Key to Short-Term US Dollar Direction

Posted by By 14/01/2021Posted inForex
Major FX pairs trade in choppy conditions. Eyes on Fed Chair Powell and President-Elect Biden speeches
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BTC/USD: Bitcoin Shruggs Off Lagarde's Comments, Up Above 38,000

Posted by By 14/01/2021Posted inForex
Bitcoin continues its bullish run and pushes above 38,000 but price may see consolidation in the short-run
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British Pound (GBP) Latest: GBP/USD Stable Ahead of Biden Stimulus Package

Posted by By 14/01/2021Posted inForex
GBP/USD, like most of the financial markets, will likely be on hold this session ahead of an expected announcement by Joe Biden of his fiscal stimulus plans and a speech…
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DAX 30 Poised to Extend Climb Despite Threat of Extended Restrictions

Posted by By 14/01/2021Posted inForex
Germany’s benchmark DAX 30 index may continue pushing higher in the near term, despite the threat of elongated lockdown measures amid a relentless rise in Covid-19 cases.
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Gold Price Outlook at Risk to Biden Stimulus Push, Crude Oil Eyeing OPEC Report

Posted by By 14/01/2021Posted inForex
Gold prices may be at risk after reports came out that Joe Biden may push for a USD 2 trillion stimulus package. Crude oil prices face OPEC’s monthly outlook report…
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British Pound Price Action Setups: GBP/USD, GBP/JPY, GBP/NZD

Posted by By 14/01/2021Posted inForex
The British Pound may continue gaining ground against its haven-associated counterparts in the near term. However, the currency may give up gained ground against the New Zealand Dollar.
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Dow Jones, S&P 500, FTSE 100 Forecast: Are Retail Traders Betting on Reversals?

Posted by By 14/01/2021Posted inForex
As the Dow Jones, S&P 500 and FTSE 100 trade within bearish chart patterns, are retail investors continuing to add downside exposure to these key stock market benchmarks?
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