Euro Technical Forecast 1Q 2021: EUR/USD Pullback After Breakout?
The Euro seems to have broken a 12-year downtrend against the US Dollar but a pullback may follow to start 2021 before any upside follo...
Monthly Archives: December 2020
EUR/GBP IG Client Sentiment: Our data shows traders are now net-long EUR/GBP for the first time since Dec 18, 2020 when EUR/GBP traded near 0.91.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stron...
British Pound Aiming Higher as UK Lawmakers Approve Brexit Trade Deal
The British Pound may continue outperforming its haven-associated counterparts as UK lawmakers ratify the post-Brexit trade deal with t...
Oil 1Q 2021 Forecast: Positive Momentum Heading Into the New Year
As 2020 draws to a close, the crude oil price nears a key resistance level in its attempt to recover from the coronavirus pandemic
Euro to Stay Positive against USD in 2021, though with Upside Limited
After gaining almost +10% this year, we expect EURUSD to strengthen further in 2021. While Eurozone continues to struggle with slow rec...
New Zealand Dollar Outlook: NZD/USD Bulls Push Kiwi to Fresh Multi-Year Highs
The New Zealand Dollar gained versus the Greenback on Wednesday as the US Dollar slid lower. Meanwhile, upcoming Chinese PMI data may d...
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 brea...
US Dollar Technical Forecast: USD/SGD, USD/IDR, USD/THB, USD/TWD
US Dollar weakness may extend against ASEAN currencies, with USD/SGD, USD/THB and USD/TWD maintaining a downside focus. Will USD/IDR ex...
Australian Dollar Forecast: Rally Looks Strong Heading into 2021 – Setups for AUD/JPY, AUD/USD
In an environment defined by globally low interest rates and increased fiscal support (akin to the 2009-2011 period), growth-linked ass...
Canadian Dollar Forecast: Loonie Ready for Takeoff – Levels for CAD/JPY, USD/CAD Rates
Rising risk appetite is pulling down the Japanese Yen and US Dollar, with traders favoring growth-linked currencies like the Canadian D...