Commodities

This week ahead: Interest Rate Decisions, GDP

We've seen risk-on in currency markets recently, with many pairs against the U.S Dollar rallying on confidence that the economy will fare better in 2021. GBP/USD. Broke 1.40, while NZD/USD and AUD/USD both broke 0.78 and 0.73, respectively. Oil has...

NZD/AUD – Battle Of The Interest Rates

NZD/AUD is approaching a robust congested area at around 0.925. A downwards channel sees a possible move further lower may see the pair come a level below 0.9. However, an action lower will be dictated on which economy puts the...

Markets are Frothy

Here's an interesting juxtaposition. There are currently just over 25 Million Currently Infected Patients of Covid-19, with 2.4 million deaths*. However, · Tesla is up nearly 2,000% since the start of 2019. A luxury electric car company whose slim profit...

Crypto, Oil & Stocks Hit All-Time Highs

The headline says it all – market euphoria has reached an all-time high. However, given the events that have occurred in 2020, it feels like it is just another day at the office. For the most part, it is....

NZD/USD at 0.77c by the end of 2021?

The New Zealand Dollar against the U.S Dollar has been a good barometer for the state of risk-on assets. It currently sits at around 0.7195, with technicals showing a possible strong move in the future. We now see a flat...

Brent Crude Oil Reaches Yearly Highs

Brent Crude Oil broke a critical fundamental level of $57 a barrel, a psychological resistance that may see Brent continue to price pre-Coronavirus levels. This is likely on the news that more Americans have received at least one dose of...

AUD/USD Prime for 0.80c?

We see the AUD/USD play well into the macro recovery story. The historically known commodity currency blasted past 0.75c in the latter part of 2020....

Metals Mania, but has Silver lost its hype?

In 2020, Silver had a legendary rise from its low during the peak of the Coronavirus lockdowns in March – up over 140%. Analysts (including me) attempted to justify its price and separate its strong correlation with Gold by arguing...

Gold: The less that are interested, the better

Like Tesla, Gold has had a legendary 2020. Gold reached all-time highs just shy of that $2,080/Oz mark before retracing in the latter part of 2020. Gold ETF's Ballooned to over $550 Billion inflows, to the point where Gold ETF...
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