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Forex

Mexican Peso Forecast: Rising US Yields Help USD/MXN Fend Off Breakdown, For Now

Posted by By 12/01/2021Posted inForex
USD/MXN rates started the year by breaking the 2020 low, only to see a sharp reversal higher alongside rising US Treasury yields.
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EUR/USD Susceptible to Larger Pullback Ahead of Account of ECB Meeting

Posted by By 12/01/2021Posted inForex
The account of the ECB meeting may do little to prop up EUR/USD as the exchange rate as the RSI tracks the downward trend established in December.
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GBP/USD Boosted as BoE's Bailey Downplays Negative Rates – US Market Open

Posted by By 12/01/2021Posted inForex
Equities attempt to make a comeback from Monday’s pullback. GBP outperforms.
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Crude Oil Price Outlook – Markets Continue to Nudge Higher But Covid-19 Fears Remain

Posted by By 12/01/2021Posted inForex
Crude oil continues to rally, boosted recently by the OPEC+ decision to keep a lid on supply, but renewed Covid-19 worries may soon temper demand.
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USD/JPY Forecast: Rising Treasury Yields Moderates Yens Recent Gains

Posted by By 12/01/2021Posted inForex
U.S. Treasury yields have been steadily rising in 2021 which has favored Dollar strength against the safe-haven Japanese Yen. With key levels being reached on the technical side, will the…
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Bitcoin (BTC/USD) Bulls Bite the Bullet

Posted by By 12/01/2021Posted inForex
Bitcoin price action fights to pursue bullish continuation
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Canadian Dollar Outlook: Key USD/CAD, CAD/JPY Levels to Watch

Posted by By 12/01/2021Posted inForex
USD/CAD possibly forming short-term base amid a corrective USD. CAD/JPY facing long-term resistance
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EUR/GBP IG Client Sentiment: Our data shows traders are now net-long EUR/GBP for the first time since Jan 04, 2021 10:00 GMT when EUR/GBP traded near 0.90.

Posted by By 12/01/2021Posted inForex
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bearish contrarian trading bias.
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Technical Forecast – CAC 40, IBEX 35 Levels to Watch

Posted by By 12/01/2021Posted inForex
Find out the key levels to watch this week in the CAC and IBEX as global stocks trade with caution
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British Pound (GBP) Latest: GBP/USD Steadies After Brief Sell-off

Posted by By 12/01/2021Posted inForex
The recovery in the US Dollar over the last few sessions is looking increasingly like a short-term corrective move as GBP and other currencies steady Tuesday, perhaps prior to a…
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