US Dollar Outlook: DXY Eyeing Yearly Lows on Biden Fiscal Stimulus Bets

Posted January 22nd, 2021 by BonTrade and filed in BonTrade News

Accommodative monetary policy conditions and the prospect of additional deficit spending under a Biden administration may continue to undermine the US Dollar in the coming weeks.

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US Dollar Outlook: DXY Eyeing Yearly Lows on Biden Fiscal Stimulus Bets

Gold and Crude Oil Prices Watching the US Dollar as the Weekend Nears

Posted January 22nd, 2021 by BonTrade and filed in BonTrade News

Gold and crude oil prices may be at risk as the US Dollar trades higher into the weekend. Ahead, WTI is eyeing a delayed EIA inventory report as XAU/USD watches out for key PMI data.

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Gold and Crude Oil Prices Watching the US Dollar as the Weekend Nears

S&P 500 Hovers at Record High, Hang Seng and Nikkei 225 Eye Pullback

Posted January 22nd, 2021 by BonTrade and filed in BonTrade News

Asia-Pacific equities opened slightly lower despite Wall Street stocks hovering near their record highs. The Hang Seng Index faces a chart resistance at 30,000 as southbound inflow fell for a third…

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S&P 500 Hovers at Record High, Hang Seng and Nikkei 225 Eye Pullback

New Zealand Dollar Outlook: Kiwi Aided as CPI Tempers RBNZ Rate Cut Bets

Posted January 22nd, 2021 by BonTrade and filed in BonTrade News

Friday's Asia-Pacific trading session may see the risk-on mood sour following a lull in Wall Street optimism. The New Zealand Dollar is on the move higher as improved inflation data tempers further…

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New Zealand Dollar Outlook: Kiwi Aided as CPI Tempers RBNZ Rate Cut Bets

Dow Jones Forecast: Three Dow Stocks to Watch in the Week Ahead

Posted January 21st, 2021 by BonTrade and filed in BonTrade News

Earnings season is underway and some of the market’s largest and most influential corporations will step up to the plate to report their quarterly results next week. Here are three of the most impo…

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Dow Jones Forecast: Three Dow Stocks to Watch in the Week Ahead

Oil Price Outlook Supported by Forecasts for Lower US Crude Inventory

Posted January 21st, 2021 by BonTrade and filed in BonTrade News

Fresh data prints coming out of the US may influence the price of oil as crude inventories are projected to contract for the sixth consecutive week.

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Oil Price Outlook Supported by Forecasts for Lower US Crude Inventory

Central Bank Watch: BOC & ECB Interest Rate Expectations Update

Posted January 21st, 2021 by BonTrade and filed in BonTrade News

Both the Bank of Canada and European Central Bank met in recent days, setting the tone for 2021.

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Central Bank Watch: BOC & ECB Interest Rate Expectations Update

USD/CAD Post-BoC Weakness Persists with RSI Threatening Upward Trend

Posted January 21st, 2021 by BonTrade and filed in BonTrade News

USD/CAD trades to fresh monthly lows following the BoC rate decision, with the RSI threatening the upward trend established earlier this month.

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USD/CAD Post-BoC Weakness Persists with RSI Threatening Upward Trend

USD/ZAR Outlook: Rand Resilient as SARB Leaves Rates Unchanged

Posted January 21st, 2021 by BonTrade and filed in BonTrade News

With interest rates remaining at 3.5%, will the Rand remain attractive to yield seeking investors and prolong its bull run in 2021?

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USD/ZAR Outlook: Rand Resilient as SARB Leaves Rates Unchanged

Euro Price Action: ECB Maintains Policy, Euro Remains at Daily Highs

Posted January 21st, 2021 by BonTrade and filed in BonTrade News

As widely expected, the ECB left its monetary policy unchanged. Euro remains at daily highs

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Euro Price Action: ECB Maintains Policy, Euro Remains at Daily Highs