British Pound Price Action Setups: GBP/USD, GBP/JPY, GBP/NZD
2021-01-14 04:30:00
Daniel Moss,
Analyst
British Pound, GBP/USD, GBP/JPY, GBP/NZD, IGCS – Talking Points:
GBP/USD attempting to push to fresh yearly highs as prices continue to battel with key resistance.
GBP/JPY poised to extend gains after slicing above Schiff Pitchfork median resistance.
GBP/NZD may give up gained ground as prices fail to hurdle the trend-defining 50-MA.
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The British Pound seems poised to gain ground against its haven-associated counterparts in the near term, after clearing key technical resistance levels. However, the currency may give up gained ground against the cyclically-sensitive New Zealand Dollar. Here are the key levels to watch for GBP/USD, GBP/JPY and GBP/NZD rates.
DAX 30 Poised to Extend Climb Despite Threat of Extended Restrictions 2021-01-14 07:30:00 Daniel Moss, Analyst
DAX 30 Index, Coronavirus Restrictions, Vaccines, German Lockdown, IGCS – Talking Points:
Equity markets broadly gained during APAC trade as investors cheered the prospect of additional fiscal support out of the US.
The threat of extended lockdown measures in Germany may begin to weigh on regional market sentiment.
The DAX 30 index seems poised to extend recent gains as price holds constructively above key support. Advertisement
Asia-Pacific Recap
Equity markets broadly gained during Asia-Pacific trade after President-elect Joe Biden announced a larger-than-expected $2 trillion relief package. Australia’s ASX 200 index rose 0.43% while Japan’s Nikkei 225 climbed 0.85%. China’s CSI 300 index plunged 1.93% after the outgoing Trump administration signed an order strength
S&P 500 May Slide Lower on Fed Taper Talk Ahead of Inflation Release 2021-01-12 07:30:00 Daniel Moss, Analyst
S&P 500 Index, Federal Reserve, Tapering Bond Purchases, Quantitative Easing – Talking Points:
Equity markets crept higher during APAC trade as investors warmed to the idea of additional fiscal stimulus out of the US.
The suggestion by some members of the Federal Reserve that the central bank should look to taper its QE program could weigh on US benchmark indices.
S&P 500 index at risk of a near-term pullback after forming a bearish Hanging Man candle just shy of key resistance.
Asia-Pacific Recap
Bitcoin, Ethereum Outlook: Short-Term Correction or Has The Bubble Burst?
2021-01-12 03:00:00
Daniel Moss,
Analyst
Bitcoin, Ethereum, Cryptocurrency, BTC/USD, ETH/USD – Talking Points:
The long-term outlook for both Bitcoin and Ethereum remains skewed to the topside.
However, bearish technical setups on multiple timeframes hint at further losses in the near term.
The cryptocurrency market has come under fire in recent days, with Bitcoin and Ethereum both sinking lower as a wave of risk aversion sweeps across global financial markets. Although the longer-term outlook for both cryptocurrencies remains skewed to the topside, further losses look likely in the coming days. Here are the key technical levels to watch for BTC and ETH in the weeks ahead.
British Pound at Risk as Downing Street Weighs Tighter Restrictions
2021-01-11 07:30:00
Daniel Moss,
Analyst
British Pound, GBP/USD, GBP/JPY, Coronavirus Restrictions, Tier 4 Lockdowns – Talking Points:
Equity markets broadly lost ground during APAC trade as climbing US real yields weighed on global risk assets.
The potential tightening of coronavirus restrictions may undermine the British Pound in the coming days.
GBP/USD at risk of further losses after slipping back below 8-EMA.
GBP/JPY could slide lower as price fails to breach key resistance.
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Asia-Pacific Recap
Equity markets broadly lost ground during Asia-Pacific trade as investors weighed the impact of the notable spike in US Treasury yields on global risk assets. Australia’s ASX 200 index fell 0.9% despite better-than-expected retail sales data for November, while China’s CSI 300 index slipped 1.03% amid a fresh outbreak of coronavirus cases on the mainland.