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Euro 1Q 2021 Forecast: Can the ECB Curb the Euro s Strength?
EUR price outlook for 1Q 2021
The ECB seems to have run out of ammunition in its battle to keep EUR/USD below the 1.20 level.
The clear break above 1.20 in December suggests the ECB is now unable to curb the Euro’s strength and that further gains are likely in the weeks ahead. Advertisement
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Euro Price Gains Likely in 1Q
The European Central Bank has made clear that it does not want to see EUR/USD above the 1.20 mark, once seen as its “line in the sand” for the pair, because of the negative impact of a strong Euro on both the Eurozone’s competitive trade position and its inflation rate. Yet it is hard to see what it can actually do about it now the pair is above that level, and that suggests further strength in EUR/USD in the weeks ahead.
Sterling Q1 2021 Forecast: GBP/USD Closing a Tumultous Year on the Front Foot 2020-12-20 01:00:00 Justin McQueen, Analyst
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GBP/USD Outlook – Less Uncertainty and a Soft USD Backdrop. Advertisement
There is a long-standing argument among market analysts - which is more important, technical, or fundamental analysis? This argument can go on for a long time but in the case of Sterling over the past few months, fundamentals – Brexit and Covid-19 – have been the main drivers of price action. What lies ahead?
One of the most liquid trading pairs, GBP/USD is closing the final quarter of the year on the front foot with gains of over 4%. EU-UK trade negotiations are going down to the wire with an outcome not known at the time of this analysis, though, the expectation is that a thin deal will be an
Gold 1Q 2021 Forecast: Gold Outlook Bullish Headed into First Quarter, with Caveats Advertisement
Gold Price 1Q’20 Forecast Overview:
While the 1Q’21 gold price outlook is bullish, there are some caveats – mainly, that gold may not be the best performing metal, precious or otherwise.
Silver prices have a recent historical precedent to suggest that they are likely to lead gold prices for the foreseeable future.
Technical outlook is bullish as well. Coming Soon! Download the NEW 1st Quarter Forecast Live on Monday on our Free Trading Guides Page!
What started with a bang is now ending with a whimper. After a meteoric rise in gold prices through the first three quarters of 2020 (gaining +24.3% from January 1 through September 30), gold prices cooled off in 4Q’20, having lost around -1% at the time this forecast was written in December 2020.
Oil 1Q 2021 Forecast: Positive Momentum Heading Into the New Year
Key Talking Points:
The weekly chart points to a key resistance area
Relatively low volatility would support oil prices Advertisement
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There’s no doubt that 2020 has been a year full of unexpected occurrences, and oil trading negative back in April is probably somewhere at the top of the list for most commodity traders around the globe. Since then, the price of a barrel of WTI crude has seen an impressive 570% growth, but prices remain far from their equilibrium as demand struggles to recover to the levels seen before the outbreak of the coronavirus pandemic.