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Canadian Dollar Price Forecast: USD/CAD, CAD/JPY, EUR/CAD

Posted: 01 Feb 2021 09:30 AM PST

The Canadian Dollar carries potential this week, with CAD-weakness showing against USD and CAD-strength against JPY and even the Euro.

EUR/USD Bounces Ahead of January Low Again But RSI Divergence Persists

Posted: 01 Feb 2021 08:00 AM PST

EUR/USD bounces back ahead of the January low (1.2054), but the exchange rate may face a larger pullback as the RSI still tracks the downward trend from December.

January ISM Manufacturing PMI Misses Expectations, USD Remains Strong

Posted: 01 Feb 2021 07:00 AM PST

The ISM Manufacturing PMI Report for January remained expansionary but fell below expectations, showing potential challenges in the manufacturing sector as the economic rebound softens.

USD Firms, Silver Price Spikes on Reddit Short Squeeze Frenzy, Euro Slips - US Market Open

Posted: 01 Feb 2021 06:30 AM PST

Markets have staged a modest recovery from Friday's weak close. Silver spikes to $30.

How to Learn Technical Analysis with DailyFX

Posted: 01 Feb 2021 05:30 AM PST

Getting started in technical analysis can seem daunting but understanding the basics will build a solid foundation. Learn more...

Bitcoin (BTC/USD) and Ethereum (ETH/USD) Outlooks Differ in the Short-Term

Posted: 01 Feb 2021 04:00 AM PST

Bitcoin (BTC/USD) remains slightly better bid but further upside looks increasingly difficult to call in the short-term

South African Rand Outlook: EMs Favored in 2021 as Rand Opens Higher

Posted: 01 Feb 2021 02:30 AM PST

Emerging market currencies outlook remains positive for 2021 based on an expectant global recovery and additional U.S. stimulus however further Rand strength will depend on management of the curren...

DAX 30 Brushes Off Retail Figures as Bullish Sentiment Returns

Posted: 01 Feb 2021 02:30 AM PST

German retail sales plummeted in December as the country faced a nationwide lockdown

Implied Volatility: What is it & Why Should Traders Care?

Posted: 01 Feb 2021 01:30 AM PST

Implied volatility, synonymous with expected volatility, is a variable that shows the degree of movement expected for a given market or security.

British Pound (GBP) Latest: GBP/USD Outperforms, EUR/GBP Remains Bearish

Posted: 01 Feb 2021 01:00 AM PST

GBP outperforms on equity recovery while EUR/GBP bias remains to fade bounce-backs.

Euro Outlook: EUR/USD Consolidating with GDP, Inflation Data on Tap

Posted: 31 Jan 2021 11:30 PM PST

The Euro may regain lost ground against the US Dollar, as better-than-expected economic data suggests that the trading bloc's economy weathered a second viral wave resiliently.

Gold, Silver Price Outlook: Is the Retail-Driven Rally Sustainable?

Posted: 31 Jan 2021 10:00 PM PST

A 6% gap up in silver prices on Monday led market to question the sustainability of the rally, which appeared to be driven by the spillover effect of the recent Reddit day-trader frenzy.

S&P 500, Hang Seng, ASX 200 Outlook: More Rainy Days Ahead?

Posted: 31 Jan 2021 05:30 PM PST

Asia-Pacific equities are poised for a sour start after 93% of S&P 500 companies closed lower on Friday. For the week ahead, GME-linked volatility, nonfarm payrolls data and Q4 earnings reports wil...

Silver Price Surges as Reddit Group WallStreetBets Fuels Buying Spree

Posted: 31 Jan 2021 04:13 PM PST

Silver surged over 7% to kick off a fresh week of trade, as Reddit forum r/wallstreetbets intensifies calls for a short-squeeze of epic proportions.

Markets Week Ahead: Gold, Dow, Euro-Area GDP, NFPs, BoE & RBA Eyed

Posted: 31 Jan 2021 08:00 AM PST

Markets gyrated wildly this past week as traders reacted to a barrage of headlines ranging from central bank commentary to GameStop stock price volatility. What's in store for the week ahead?

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