EUR/USD is trading below 1.1900, retreating further from two-week highs of 1.1927 amid resurgent haven demand for the US dollar whilst the Treasury yields recover. Concerns about vaccines in Europe outweigh the Fed's dovish message.
GBP/USD is trying to hold onto 1.37, trading near the March lows. The US dollar is rebounding the from dovish Fed-induced blow. Concerns about Britain's vaccine supplies and Brexit-related issues are weighing on sentiment.
Special Yearly Forecast
EUR/USD market players hope for a return to economic growth by mid-2021. Central banks are likely to maintain their ultra-loose monetary policy for longer than the pandemic. EUR/USD price has turned bullish after breaking above a descendant trend line coming from 2008.
With Brexit talks out of the way, markets can focus on the consequences of this historic change. With Trump’s turmoil over, Biden’s tight work with the Fed is key to dollar action. Coronavirus vaccination should finish the crisis by year-end, yet a bumpy road awaits.
Japan’s cultural advantage over the US might result in a faster economic comeback. Central banks’ ultra-loose monetary policy has come to stay. USD/JPY price forecast 98.95 as a potential bearish target for 2021.
AUD/USD Price Forecast 2021: Winning the covid crisis insufficient for the aussie to withstand Chinese boomerang
Australia weathered the covid crisis better than most, sending the AUD higher by year-end. Momentum from the crisis and central bank action could extend the trend early in 2021. AUD/USD price forecast poll for 2021 is moderately bullish.
Gold price surged to all-time highs above $2,000 in 2020. Gold forecast remains bullish in 2021 as central banks keep committed to supporting recovery. XAU/USD price could push higher if it manages to break above $1,930.
Bitcoin’s future looks bright as the digital asset has surpassed $20,000 for the first time. Several multi-million investments have propelled the flagship cryptocurrency towards new all-time highs in 2020. On-chain metrics are highly in favor of Bitcoin in the long-term.
Bitcoin adoption takes off as institutions continue to jump on the digital currency bandwagon. PayPal co-founder Peter Thiel labels BTC as China’s “Financial Weapon” against the U.S. dollar. Bitcoin price could be due for a massive move as key on-chain metrics reset and others turn bullish.
Ripple partner Novatti went live earlier today, generating cross-border transactions to the Philippines. The initial focus of this partnership is to target remittances between Australia and the Southeast Asian region.
Zilliqa price is contained inside an ascending broadening wedge pattern on the 4-hour chart. It intends to establish a higher low and confirm an uptrend. ZIL must stay above a crucial support level to see a potential 27% upswing.