Crude Oil Prices Testing Key Chart Support Ahead of OPEC+ Meeting
Crude oil prices retraced to a key chart support level as markets await production guidance from an OPEC+ meeting amid souring sentiment. A national lockdown in the UK weighed on…
Swiss Franc Analysis: NZD/CHF, AUD/CHF, CAD/CHF Levels to Watch
The Swiss Franc presents several key technical levels to watch into 2021 as NZD/CHF, AUD/CHF, and CAD/CHF set course for potential breakouts or trend resumptions.
Natural Gas Prices Bounce on Colder U.S. Temperatures, Will it Last?
Natural gas prices are off to an optimistic start in 2021, with a colder temperature outlook across the Southwestern United States boosting sentiment.
Australian Dollar Outlook: Surging Iron Ore Prices to Underpin AUD
The Australian Dollar seems poised to outperform its major counterparts in 2021, on the back of surging iron ore prices and the nation’s success in stifling the novel coronavirus.
ASX 200, Nikkei 225 May Follow S&P 500 Lower on Further Lockdowns
All three major US stock indices closed sharply lower on the first trading day of 2021 as surging coronavirus cases and new lockdowns weighed on sentiment. Gold prices climbed alongside…
US Dollar, Yen and Gold Rise as Wall Street Stocks Swoon to Start 2021
The anti-risk US Dollar and Japanese Yen rose as stocks plunged at the start of 2021. Gold prices gained as bond yields fell. Runoff elections in Georgia are now in…
US Dollar Volatility Spikes as GBP/USD Tumbles, USD/CAD Climbs
The US Dollar finished flat for the first trading session of 2021, though volatility is accelerating into the new year. GBP/USD spiked lower and USD/CAD climbed while EUR/USD eked out…
FX Week Ahead – Top 5 Events: Georgia Senate Runoff Elections; Eurozone & Mexico Inflation; Canada & US Jobs
The first week of a new month and a new year brings an acute focus on the North American currencies and economies.
Mexican Peso Price Forecast: Will 2021 Bring a Big Break to USD/MXN?
It was a very volatile year of 2020 in USD/MXN, and the pair is threatening a break to kick off 2021.
Wall Street IG Client Sentiment: Our data shows traders are now net-long Wall Street for the first time since Nov 03, 2020 when Wall Street traded near 27,674.70.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Wall Street-bearish contrarian trading bias.