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The Euro has lost a significant amount of ground against the commodity-sensitive Norwegian Krone and Canadian Dollar in the first quarter of 2021. These losses appear to stem from the divergence in...
Canadian Dollar Forecast: BoC Tapering Bets to Buoy CAD Against JPY, USD, EUR 2021-03-15 07:30:00 Daniel Moss, Analyst Canadian Dollar, USD/CAD, CAD/JPY, EUR/CAD, Bank of Canada – Talking Points: Equity markets traded mixed during APAC trade as Treasury yields hovered at yearly highs. Robust economic data may intensify Bank of Canada tapering bets and open the door for CAD to continue gaining ground against EUR, USD and JPY. Advertisement Asia-Pacific Recap Equity markets traded mixed during Asia-Pacif...
Bitcoin Outlook: BTC Poised to Break to Fresh Highs or Is a Reversal Afoot? 2021-03-11 03:00:00 Daniel Moss, Analyst Bitcoin, BTC/USD, Technical Analysis, IGCS – Talking Points: Bitcoin has rallied significantly in March, after toppling lower at the tail end of last month. However, short-term technical signals suggest a reversal lower could be on the cards. Advertisement As predicted in previous reports, Bitcoin’s dive lower from its February high proved to be nothing more than a counter-trend correc...
Canadian Dollar Price Forecast: USD/CAD, CAD/JPY Levels Ahead of BoC 2021-03-10 03:00:00 Daniel Moss, Analyst Canadian Dollar, USD/CAD, CAD/JPY, Technical analysis, IGCS – Talking Points: The Canadian Dollar may be at risk of a counter-trend correction against its haven-associated counterparts. CAD/JPY vulnerable to pullback after failing to breach key resistance. USD/CAD eyeing a push to retest monthly highs. Advertisement The Canadian Dollar has thoroughly outperformed the US Dollar and Japanese Yen since the Coronavirus Crash in March of 2020 and appears poised to continue doing so ov...
Australian Dollar Price Forecast: AUD/USD, AUD/JPY, AUD/NZD 2021-03-09 03:00:00 Daniel Moss, Analyst Australian Dollar, AUD/USD, AUD/JPY, AUD/NZD, IGCS – Talking Points: AUD/USD consolidating above key supportive shelf. AUD/JPY inverse Head and Shoulders pattern playing out. AUD/NZD Double Top reversal still in play. Advertisement As predicted in previous reports, the Australian Dollar has slipped lower against the haven-associated Japanese Yen and US Dollar in recent weeks, while climbing higher agains...