Oil Q2 2021 Technical Forecast

After an impressive start to 2021, the oil forecast for the second quarter of the year is lacking an overly optimistic tone given a weaker picture for demand and stronger growth in rival supply, as…

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British Pound (GBP) Outlook: Failing to Benefit From Global ‘Risk On’ Sentiment

GBP/USD still seems unable to break through the important 1.40 level on a sustained basis even though a rebound in global equities suggests that investors are generally confident.

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Trouble for EUR/CAD, EUR/NOK: Q2 Top Trading Opportunities

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…

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Crude Oil Prices Suppressed by Rising Stockpiles and Demand Concerns

Crude oil prices extended lower after registering a two-day loss of 3.8% amid viral resurgence and rising inventories. The OPEC+ is expected to maintain production policy unchanged in a meeting nex…

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Gold Prices Extend Higher as Yields Fall, ECB Meeting in Focus

Gold prices edged upward to an eight-week high as Treasury yields fell alongside the US Dollar. Gold traders are eyeing the ECB meeting later today for clues about the central bank’s monetary polic…

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