British Pound Boosted by Soft US Dollar. Will GBP/USD Rally into BoE This Week?

The British Pound holds the high ground against the US Dollar in anticipation of a hawkish Bank of England on Thursday. What will a hike mean for GBP/USD?

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Gold Price Forecast: XAU Faces Conflicting Fundamentals as Jobs Report Nears

Gold prices ended January with a whimper after a promising break above key resistance. Bullion faces conflicting fundamental drivers, but Friday's US non-farm payrolls report may offer direction.

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The Australian Dollar went lower immediately after the RBA left the cash rate target at 0.10% and abolished weekly asset purchases. Where to for AUDUSD

The Australian Dollar went lower immediately after the RBA left the cash rate target at 0.10% and abolished weekly asset purchases. Where to for AUD/USD?

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Bitcoin Set to Rebound on Improved Sentiment, But Bear Flag Warrants Caution

BTC/USD fell for a third month in January, but improving market sentiment may offer a rallying point for bulls to go on the offense. Today's RBA policy decision is likely to play into broader marke...

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USD/JPY Rate Reverses Ahead of January High with NFP Report on Tap

USD/JPY may face a larger pullback ahead of the US Non-Farm Payrolls (NFP) report as it appears to have reversed course ahead of the January high (116.32).

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EUR/USD Price Outlook: Euro Attempts Recovery, GDP Meets Expectations

Euro attempting to retrace recent pullback. GDP fails to move the Euro with focus on this week’s ECB meeting

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AUD/USD Bouncing Off Support as RBA Policy Decision Looms Into View

Australian dollar traders are gearing up for some additional volatility in the weeks ahead as the RBA gets set to announce its latest monetary policy decision tomorrow.

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Euro Jumps Ahead of EU GDP and German CPI as US Dollar Pauses. Where to for EUR/USD?

The Euro found some support today as the US Dollar paused, with growing geopolitical concerns boosting energy commodities. Will EUR/USD make new lows?

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Gold Prices Extend Lower Amid Hawkish Fed, Geopolitical Tensions

Gold prices extended a 4-day losing streak as traders mulled a steeper curve for the Fed’s rate hike trajectory and a strong US Dollar. Russia-Ukraine tensions may cushion its downside however.

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Crude Oil Soars to New Heights Despite a Strong US Dollar. Where To For WTI?

Crude oil has continued its run upward as a perfect storm of geopolitical tensions, supply concerns and technical hedging pushes prices up. Will WTI go higher?

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S&P 500 Rebound May Lead Nikkei 225 Higher, Hong Kong Trading Half-Day

US stocks rallied on Friday as Apple’s stellar results boosted market sentiment. The nonfarm payrolls report and a slew of tech earnings will be in focus this week. Chinese markets will be shut for...

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AUD/USD Cautiously Higher After China Manufacturing PMI. RBA Inbound

AUD/USD is probing higher after impressive Chinese PMI data. Aussie Dollar traders are eying tomorrow's Reserve Bank of Australia (RBA) policy decision.

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Markets Week Ahead: Dow Jones, S&P 500, US Dollar, Gold, AUD/USD, EUR/USD, GBP/USD

The Dow Jones and S&P 500 recovered during a wild trading week. Will the US Dollar continue its rise and is gold at risk ahead of NFPs? All eyes are on the RBA, ECB and BoE. Earnings from Amazon an...

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S&P 500 Forecast for the Week Ahead

Fed Chair Powell unfazed by recent stock market rout, aggressive policy tightening priced in.

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Euro Weekly Fundamental Forecast: EUR/USD Slide to Continue

The Euro has taken a beating this week after markets received confirmation of the new hawkish Fed. High impact data next week: GDP, inflation and the ECB rate decision

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Gold Price Snaps January Opening Range Amid Detailed Fed Exit Strategy

Fresh data prints coming out of the US may keep the price of gold under pressure as the NFP report is anticipated to show a further improvement in the labor market.

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US Dollar Outlook: Hawkish Fed Has Markets Eyeing NFPs, RBA, ECB and BoE

The US Dollar may remain on the offensive next week. The RBA, ECB and BoE may offer hawkish tilts, risking further market volatility. Then, all eyes are on non-farm payrolls.

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Bitcoin (BTC) Outlook – Buy the Dip or Sell the Bounce?

Bitcoin's latest recovery is looking increasingly tired as it nears a zone of important resistance.

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Crude Oil Forecast: Russia-Ukraine Crisis Creates Upside Risks for WTI & Brent Prices

Oil has rallied sharply over the past two months and appears overbought by some metrics, but prices may remain supported over the short term on rising geopolitical tensions in Eastern Europe.

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Australian Dollar Outlook: All Eyes on the RBA as Fed Fallout Continues

The Australian Dollar is under the pump despite favourable fundamentals as the US Dollar surges on the back of a hawkish Fed.

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NZD/USD Rate Eyes September 2020 Low as RSI Sits in Oversold Territory

NZD/USD may attempt to test the September 2020 low (0.6512) as the Relative Strength Index (RSI) sits in oversold territory.

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Bitcoin Selloff Eases Amid Broader Weakness, but Bear Flag Forms Casting Doubt on Recovery

Bitcoin is struggling to gain ground after Wall Street surrendered early gains, which pushed haven flows into the US Dollar. The APAC session may see another risk-off move to end the week.

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S&P 500 Gives Back Premarket Gains in Choppy Session, Apple Earnings Beat

The S&P 500 gave back overnight gains in a choppy session as market participants looked to Apple earnings after the closing bell.

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Nasdaq 100 Sheds Gains as Traders Sell the Rip amid Hawkish Fed Policy Outlook

The Nasdaq 100 gives up gains and ends the day sharply lower as traders become increasingly concerned about the Fed policy outlook and its implications for valuations and the economy

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USD/CAD Rallies Toward Monthly High Ahead of US PCE Report

Fresh data prints coming out of the US economy may push USD/CAD towards the monthly high (1.2814) as inflation is expected to increase for the fourth consecutive month.

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Bitcoin Setup – BTC/USD Crawls Along Support After Hawkish Fed

Bitcoin (BTC) prices have recovered slightly after failing to breach $32,000. With the Fed rate decision on the horizon, key technical levels remain intact.

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British Pound Falls, US Dollar Soars on Fed. Will Boris Johnson Issues Drag GBP/USD?

The British Pound has slid lower again today as the Fed delivered on expectations, lifting the US Dollar. Will GBP/USD continue lower?

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Crude Oil Prices Near 7-Year High on Ukraine Standoff, Falling Cushing Stockpiles

WTI crude oil prices are hovering at 7-year highs on Thursday as investors mull rising Russia-Ukraine tensions amid a tight market. The EIA reported a decent drop in Cushing inventories, supporting...

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Gold Price Crumbles After Hawkish Fed Boosted US Dollar. Where to for XAU/USD?

Gold fell back into a trend channel after the Federal Reserve signalled ceasing asset purchases and hiking rates at their March meeting. Will XAU/USD go lower?

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Dow Jones Wobbles as the FOMC Signals March Rate Hike, Hang Seng Index May Follow

Dow Jones erased earlier gains and ended lower after Powell said he won’t rule out raising rates at every FOMC meeting this year. Tesla earnings beat. Asia-Pacific markets opened cautiously.

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EUR/USD Nears 2021 Low as FOMC Unveils More Detailed Exit Strategy

EUR/USD may attempt to test the 2021 low (1.1186) as the exchange rate extends the series of lower highs and lows from the start of the week.

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S&P 500 Falls as Fed Fails to Rule Out Steep Hiking Path, Growth & Tech Stocks at Risk

The S&P 500 erases gains and posts small losses after Powell admits there is plenty of room to raise borrowing costs and fails to rule out hiking rates at every meeting after liftoff starts.

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Nasdaq 100 Pares Gains During Volatile Fed Day, Tesla Falls on Earnings

The Nasdaq 100 whipsawed in a volatile session as market participants digested the outcome of the January FOMC policy meeting.

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Crude Oil Forecast: Overbought RSI to Accompany Higher Crude Prices

An overbought reading in the Relative Strength Index (RSI) is likely to be accompanied by higher crude oil prices like the behavior seen earlier this month.

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Federal Reserve Rate Decision: FOMC Holds, Focus to March for Lift-Off

The FOMC held rates flat at today's rate decision, but the devil is in the details and the press conference is where many are looking for clues on the Fed's stance for the rest of the year.

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New Zealand Dollar: NZD/USD in Dangerous Spot Ahead of FOMC, New Zealand CPI

The New Zealand Dollar is slightly higher versus the US Dollar in early APAC trading, but an overnight break to new yearly lows leaves NZD/USD susceptible to further losses. FOMC and NZ CPI looms.

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The Psychology of Speculation in the Forex Market

Find out how to develop a positive trading mindset to speculate on forex like a professional.

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3 Trading Exit Strategies – How to Exit a Profitable Trade

Explore 3 trading exit strategies that traders should consider when looking to get out of a trade.

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Gold Prices Eye 5-Year Treasury Auction as FOMC, PCE Approach

Gold prices rose overnight amid volatile market conditions. A 2-year note Treasury auction saw strong demand, which helped gold rise as short-term yields fell. The 5-year auction tonight may allow ...

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Nasdaq 100 Reverses Losses on Dip-Buying, Will APAC Markets Follow?

Wall Street stocks erased deep intra-day losses and closed mildly higher, as dip-buyers stepped in during the late trade. IBM beat earnings expectations. Asia-Pacific markets look set to open lower.

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Australian Dollar Forecast: AUD/USD Gets a CPI Boost Amid Volatile Trading

The Australian Dollar continued to recover versus the US Dollar from a volatile overnight session after Australia reported hotter-than-expected fourth quarter CPI numbers. The week ahead holds furt...

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NZD/USD Rate Clears 2021 Low Ahead of New Zealand Inflation Report

Fresh data prints coming out of New Zealand may curb the recent decline in NZD/USD as inflation is anticipated to increase for the fourth consecutive quarter.

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Nasdaq 100 Recovers from 5% Decline to Finish in Positive Territory

The Nasdaq 100 undertook one of the largest intraday rallies in history, recovering from being down 5% on the session to close in the green.

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British Pound Breaking News: GBP/USD Indifferent After PMI Miss

Cable was unmoved by weak UK PMI numbers this morning as markets focus on the upcoming Fed rate decision later this week, while GBP/USD finds support at 100-day EMA.

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Germany PMI Data Beat: Manufacturing (60.5), Services (52.2)

The German economic environment looks to be on the up after strong manufacturing data and improved services data

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Euro Holds Ground as Asset Allocations Unfold Ahead of the Fed. Can EUR/USD Rally?

The Euro has been steady despite high volatility across markets in anticipation of the Federal Reserve meeting this week. Will the EUR/USD trend remain intact?

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How to Manage the Emotions of Trading

Controlling emotions while trading can prove to be the difference between success and failure.

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S&P 500 Fall May Lead APAC Stocks Lower, Tech Earnings in Focus

US stocks tumbled on Friday in another sign that investors are worried about inflationary pressure and central bank tightening. This week’s FOMC meeting, core PCE data and US tech earnings will be ...

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NZD/USD Gains as APAC Trading Kicks Off a Busy Week for Markets

The New Zealand Dollar is trading higher versus the US Dollar this morning despite weak PMI data out of Australia. The week ahead holds plenty of event risk, which may induce volatility.

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Australian Dollar Under Pressure on Large PMI Miss. Are Global Macro Conditions Starting to Bite for AUD/USD?

The Australian Dollar and local S&P/ASX 200 stock index started the week on the back foot after the release of disappointing PMI data today.

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Weekly Fundamental US Dollar Forecast: Will the Fed Derail the Dollar Rebound?

Fed rate hike expectations have ratcheted higher in recent weeks. If the FOMC disappoints, the US Dollar may be in trouble.

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Markets Week Ahead: Nasdaq 100, Gold, Bitcoin, USD, Fed, Tech Earnings, Volatility Returns

The Nasdaq 100 was wrecked as global market sentiment soured again ahead of earnings from Apple and Tesla. The US Dollar and Japanese Yen are on the rise, but what is keeping gold and crude oil res...

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Apple and Tesla Earnings in Focus as Nasdaq 100 Falls into a Technical Correction

The US stock market is embracing the peak of the earnings season this week, with about 22% of the S&P 500 companies due to announce results. Among them, Apple, Tesla and Microsoft will be closely e...

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USD/JPY Rate Outlook Hinges on Federal Reserve Interest Rate Decision

The Federal Reserve interest rate decision may sway the near-term outlook for USD/JPY as the central bank prepares to normalize monetary policy.

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EUR/USD Forecast: Key EUR/USD, EUR/GBP Levels to Watch

Euro maintains uptrend, EUR/GBP rallies continue to be faded.

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Gold Price Forecast: XAU May See Volatile Trading on FOMC and PCE Data

Gold Prices are looking to rise for a third consecutive week as market volatility and geopolitical tensions support bullion. It may be a volatile one for XAU, with a FOMC announcement and PCE data ...

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Bitcoin (BTC) Breaks Major Support as Global Risk Outlook Sours

Bitcoin volatility returned with vengeance Thursday as BTCUSD took out important support and traded back at lows last seen nearly six months ago.

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Australian Dollar Outlook: All Eyes on CPI Ahead of RBA and Fed Meetings

The Australian Dollar consolidated this week despite increasing external volatility. Australian CPI could hold the key for AUD/USD in the near term.

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Gold Prices Rise on Falling U.S. Treasury Yields and Geopolitical Risk Ahead of FOMC

Bullion came into its own this week after U.S. Treasury yields slid lowering the cost of holding the non-interest bearing metal, while XAU/USD finally breaks 1830.

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S&P 500 Index May Lead APAC Lower, Netflix Outlook Disappoints

The S&P 500 index fell for a third day as investors mulled mixed US earnings and the outlook for Fed tightening. Netflix gave dismal outlook for new subscribers growth. APAC markets to open mixed.

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New Zealand Dollar Forecast: NZD/USD Falls as Haven Flows Charge US Dollar

The New Zealand Dollar weakened versus the US Dollar overnight as a bearish session on Wall Street prompted increased haven flows. Asia-Pacific trading is likely to see this risk-off move bleed over.

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Dow Jones Reverses Earlier Gains & Stumbles into the Close, Falls Below its 200-day SMA

U.S.stocks erase morning gains and drop aggressively into the close as sentiment continues to be fragile on Wall Street and dip buyers remain reluctant to step in to pick up beaten down shares.

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Nasdaq 100, S&P 500 Routed in Sharp Mid-day Reversals, Tech Leads Declines

Tech shares weighed on the Nasdaq 100 and S&P 500 yet again as jitters grow ahead of the January Fed meeting.

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USD/JPY Rate Defends Monthly Low as Risk Appetite Recovers

USD/JPY may consolidate over the coming days as the exchange rate appears to be defending the monthly low (113.48).

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American Airlines (AAL), United Airlines (UAL) Earnings

Earnings report on American Airlines and United Airlines were released this morning with mixed market reactions.

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Natural Gas Prices Fall by 5% as Traders Look to U.S. Inventories Report

Natural gas prices tumbled by more than 5% as market participants jostled for position ahead of Thursday's U.S. inventories report.

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AUD/USD Rate Rebound Emerges Ahead of Australia Employment Report

Fresh data prints coming out of Australia may generate a larger rebound in AUD/USD as employment is expected to increase for the second consecutive month.

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Russell 2000 Technical Outlook: Death Cross Signals Another Leg Down in Price Action

The Russell 2000 could extend recent losses following the appearance of a death cross on its daily chart, a bearish technical pattern that indicates a high probability of further weakness.

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Fibonacci for a Multi-Market Trader’s Approach

Fibonacci can help traders identify support and resistance levels in equity and stock markets, similar to forex and commodities markets.

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Canadian Dollar Technical Analysis: USD/CAD Indecisive at Support

USD/CAD prices have continued to consolidate within a well-defined range as major risk events loom.

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EUR/USD Rate Defends Monthly Low Ahead of Account of ECB Meeting

EUR/USD may stage a larger rebound over the coming days as the exchange rate appears to be reversing course ahead of the monthly low (1.1272).

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US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY

The US Dollar is holding support in a short-term bull flag, but the onus remains on bulls to negate last week's bearish structure.

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S&P 500 Stuck Between Key Moving Averages as Traders Eye Earnings, January Fed Meeting

The S&P 500 remains under pressure as jitters begin to creep into markets ahead of corporate earnings, key central bank meetings.

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NZD/USD Rate on Track to Threaten January Open Range Again

NZD/USD appears to be on track to test the monthly low (0.6733) as it extends the series of lower highs and lows from last week.

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Trading Earnings Season: 3 Steps for Using Earnings Reports

Read on for our 3 steps to follow when using earnings reports for trading.

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Nasdaq 100 Plunges into Free Fall as US Yields Reprice Higher, Earnings in Focus

U.S. stocks fall across the board on Tuesday as Treasury yields continue to rise on expectations the Federal Reserve will forcefully remove policy accommodation to counter red-hot inflation.

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USD/JPY Recovery to Persist as Bullish Price Series Remains Intact

USD/JPY may stage a larger rebound over the coming days if it manages to retain the series of higher highs and lows from the monthly low (113.48).

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10 Trading Mistakes to Avoid in Forex Trading

Human error in the FX market is common and can lead to common trading mistakes. See the top 10.

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Bank Earnings: GS and SCHW Earnings Miss

Earnings season continues to gear up in the US with this morning bringing reports from Goldman Sachs and Charles Schwab.

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USD/JPY Gains Before Bank of Japan as 10-Year Treasury Yield Touches New 2022 High

The Japanese Yen fell as the 10-year Treasury yield hit a new 2022 high. USD/JPY is eyeing the Bank of Japan next, but follow-through may depend on more important fundamental drivers.

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Bitcoin Forecast: BTC/USD Bows to Critical Resistance at $44,000

Bitcoin (BTC) prices have struggled to rise above the key psychological level of $44,000. Will the USD make or break Bitcoin?

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Forex Trading Journal: A How-To and other Forex Trading Tips

Log your trades and refine your strategies based on learning from previous experiences.

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Value Stocks Shine as Growth Proxies Sag; Tug of War Between IWD & IWF Gets Hot

Value stocks have outperformed growth plays in recent weeks amid rising yields. This dynamic may continue to play out in the near term as the Fed tightening cycle progresses.

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Q1 2022 Fundamental and Technical Forecasts

Cross-asset fundamental and technical forecasts that will help traders navigate major markets in Q1 2022.

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Crude Oil Holds Gains as Chinese Data Prompts the PBOC to Act. Where to for WTI?

Oil prices maintained their lofty levels in Asia today after surging last week while the Chinese economic outlook forced the PBOC to act. What does it mean for WTI?

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Gold Prices Eyeing $1,816 as Japanese and Chinese Data Beat Expectations

Gold prices hovered at around $1,816 during Monday’s APAC trade as a slew of Japanese and Chinese economic data bolstered sentiment, defying worries about the impact of the Omicron variant.

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AUD/USD Unimpressed as China GDP Beats Estimates. Where to Next for the Australian Dollar?

The Australian Dollar was little moved immediately after China’s GDP wasn’t as bad as forecast. Will AUD/USD be impacted?

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S&P 500 Wobbles as Bank Earnings Due, China GDP in Focus

Wall Street stocks were mixed on Friday as JPMorgan and Citigroup earnings disappointed. Asia-Pacific investors eye China’s GDP, industrial production and retail sales figures on Monday. US markets...

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Australian Dollar Eyes China Q4 GDP Data as APAC Trading Kicks Off

The risk-sensitive Australian Dollar is eyeing China's fourth-quarter GDP growth rate set to cross the wires this morning. AUD/USD faces major resistance If bulls push prices higher.

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US Dollar Drops Before China GDP, Singapore Dollar Up. Rupiah Eyes Bank of Indonesia

The US Dollar weakened against ASEAN currencies such as the Singapore Dollar and Thai Baht as Emerging Market sentiment improved. Ahead, China GDP and the Bank of Indonesia are in focus.

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Markets Week Ahead: Nasdaq 100, US Dollar, Australian Dollar, China GDP, Yen, BoJ

The Nasdaq 100 slowed its descent despite 40-year high inflation, with the US Dollar pulling back as the Japanese Yen outperformed. The Australian Dollar is eyeing jobs and Chinese GDP data. Will g...

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Goldman Sachs and Netflix Earnings Eyed as S&P 500 Faces "Reality Check"

The US stock market is facing sectoral rotation from growth into value stocks, with banks earnings in focus next week. Rising yields and interest rates may undermine tech stocks and support financi...

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Japanese Yen Fundamental Forecast: USD/JPY Eyes Bank of Japan

The Japanese Yen managed to gain against its G10 peers last week, a rare occurrence as of late. A potential shift in the Bank of Japan's inflation outlook is on the table. Will USD/JPY react?

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Australian Dollar Technical Forecast: AUD/USD Tests Big Levels

AUD/USD has recovered a portion of its recent losses but bulls have some difficult hurdles to conquer before the trend reverses.

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Euro Forecast: EUR/USD on the Offensive, but Road Ahead Remains Tough

The Euro took the offensive against the US Dollar last week, but the road ahead for EUR/USD remains tough due to ECB and Fed monetary policy divergences.

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Gold Price Tracks January Opening Range Going Into Fed Blackout Period

The price of gold may consolidate during the Federal Reserve’s blackout period as it trades within the opening range for January.

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USD Outlook: Economic Impact from Fed Tightening Shackles Dollar

The tug of war between market expectations and U.S. economic data continues and with Fed tightening on the horizon, will the dollar make the much anticipated push higher?

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Bitcoin (BTC), Ethereum (ETH) – Trying to Build a Base Off Multi-Month Lows

After testing support at the start of the week, Bitcoin has picked up a touch, leaving BTC/USD pretty much unchanged on the week.

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UK Economy Surpasses Pre-Pandemic Levels: Nov GDP + 0.9%

The UK economy expanded more than expected in November leaving the door open for another rate hike in early February – Sterling lifts higher

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Gold Prices Struggle as US Retail Sales, Consumer Confidence Data Approach

Gold prices struggled to capitalize as the US CPI report knocked back the Dollar. The spotlight now turns to retail sales and consumer confidence data, with the Fed outlook in view.

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Euro Boosted by US Dollar Decline as Markets Price In Fed Rate Hikes. Where to for EUR/USD?

The Euro continues to move higher as the markets now seem comfortable with their pricing of the Fed's hawkishness. Has EUR/USD put in a low for the year?

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Australian Dollar Shrugs off China Trade Surplus Surge, Where to for AUD/USD?

The Australian Dollar brushed aside China’s trade surplus surging as imports materially slowed. If this trend continues, will the AUD/USD be left vulnerable?

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S&P 500 Index Pulls Back on Hawkish Fed Comments, APAC to Open Lower

The S&P 500 index plummeted 1.42% following a slew of hawkish-biased Fed speeches. Technology stocks underperformed, weighing on sentiment across Asia Pacific markets. US bank earnings are in focus...

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Chinese Yuan Forecast: USD/CNH Targets Key Resistance Ahead of China’s Trade Data

The Chinese Yuan is on track to hold onto its gains versus the US Dollar as the APAC trading week wraps up. APAC traders have China's December trade data and the Bank of Korea rate decision in focus.

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GBP Q1 2022 Fundamental Forecast: Additional Bank of England Rate Hikes are on The Way

The Bank of England (BoE) started the cycle of tightening monetary policy by hiking the UK Base Rate by 15 basis points to 0.25%, the first-rate hike in over three years, at the last Monetary Polic...

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Crude Oil Surges as US Dollar Wilts Under CPI Burden. Where to Next for WTI?

WTI crude oil made a 2-month high on the back of a soft US Dollar post CPI, and favourable inventory data. Will WTI crack through waiting resistance levels?

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Euro Forecast: EUR/USD Greenlighted on ECB Rate Hike Bets, Rising EU Bond Yields

The Euro rose from rising ECB rate hike bets on the back of a hot EU inflation report last week. That helped EUR/USD pierce confluent resistance overnight, aided by rising European yields.

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Gold Price Leaps as the US Dollar Crumbles After US CPI. Where to for XAU/USD?

Gold rallied to the top-end of recent ranges on a weaker US Dollar after an astonishing US CPI figure hit expectations. Can XAU/USD make a new high?

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Nasdaq 100 Shrugs Off Inflation Concerns, Hang Seng Breaches Key Resistance

The Nasdaq 100 index registered a small gain after the release of US inflation data. The US Dollar fell. Hong Kong’s technology sector may continue to rise, setting a positive tone for the Asia-Pac...

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NZD/USD Bulls Target December High After US CPI Fails to Inspire Greenback

The New Zealand Dollar gained along with the Australian Dollar and Chinese Yuan after a red hot US CPI print failed to inspire the US Dollar. A light economic docket leaves prevailing risk trends u...

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Denying The Wisdom of the Crowds – Even When It is Bitcoin, Crypto and NFTs

Looking back over 2021 (and previous years as well), it becomes clear that my long-term view of cryptocurrency assets clouded my vision of nearer term opportunities.

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AUD/USD Forecast: Relief Rally Extends for Aussie Dollar Ahead of US CPI

Commodity prices bolstered the Australian Dollar after Fed Chair Powell’s testimony yesterday. AUD/USD eyes 0.7250 with U.S. inflation to come.

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S&P 500 Trend is Higher Until Proven Otherwise: Top Trade Q1 2022

The S&P 500 has been trending strongly higher since the pandemic low, and on that it is difficult to bet against it even if at times it seems too high to buy. That doesn’t mean we get complacent, t...

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US CPI Preview: How Will the US Dollar React?

US CPI projected to hit a 40 year high. US Dollar on the backfoot

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EUR/GBP Price Stalls Ahead of Fresh Multi-Year Lows

The widening interest rate outlook between Sterling and the Euro continues to weigh on the pair, bringing new multi-year lows into view.

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Gold Prices Coil Up For Breakout. Will US Inflation Data Be The Trigger?

Gold prices are coiling up for breakout as markets weigh the impact of buoyant inflation and a more hawkish Fed on real interest rates. Incoming US CPI data may trigger volatility.

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US Dollar Sinks as Powell Talks Tough on Inflation Ahead of CPI Data. Can USD Hold On?

The US Dollar took a tumble as Fed Chair Powell put forward his inflation fighting credentials, bringing down long-end Treasury yields. Will USD break lower?

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Crude Oil Surges Past $80 Per Barrel as USD/CAD Plummets. EIA Data on Tap

Crude oil prices surged above $80 overnight after Fed Chair Jerome Powell testified before Congress. The Canadian Dollar followed amid a broadly weaker US Dollar. EIA data is eyed.

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Australian Dollar Skips a Beat on Softer China CPI and PPI. Where to for AUD/USD?

The Australian Dollarappears comfortable holding recent gains as China's inflation gauges come in lower than expected. Will AUD/USD stay strong?

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Dow Jones Advances After Powell Testimony, Hang Seng May Follow Higher

Wall Street equities gained after Federal Reserve Chair Jerome Powell reassured investors that the central bank will contain inflation without hurting the economy. Asia-Pacific markets may open hig...

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NZD/USD Rate Defends January Opening Range Ahead of US CPI

NZD/USD may stage a larger rebound over the coming days as the exchange rate defends the opening range for January.

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AUD/USD Eyes Chinese Inflation Data After US Dollar Takes Hit on Powell Testimony

The Australian Dollar gained versus a broadly weaker US Dollar after Fed Chair Powell testified before Congress overnight. Chinese inflation and factory-gate prices are on tap for today's APAC sess...

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Long GBP/JPY as the Carry Trade Theme Re-Emerges in 2022: Top Trade Q1 2022

The Yen remains a popular currency in FX markets for many reasons and in this case it's due to its appeal in the "carry trade". A carry trade exists whenever you have two currencies with diverging ...

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Nasdaq 100 & ARKK Blast Higher, but US CPI Data May Spark a Reversal. Dead Cat Bounce?

Nasdaq 100 & ARKK built on yesterday's recovery and posted big gains on Tuesday, but the rebound could soon be reversed if U.S. inflation data triggers further rises in bond yields.

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US Dollar Price Action Setups pre-CPI: EUR/USD, GBP/USD, USD/JPY

Tomorrow brings a highly-anticipated CPI report out of the U.S., with expectations for a 7-handle on the headline print. This webinar looked at various scenarios around the theme.

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Gold Price Recovery Emerges Ahead of US CPI Report Despite Hawkish Fed

Fresh developments coming out of the US may keep the price of gold afloat as inflation is expected to pick up for the fourth consecutive month.

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Crude Oil Prices at Risk on Powell Hearing, Waning Demand Cues

Crude oil prices are at risk of deeper losses. Fed Chair Powell may strike a hawkish tone at a Senate confirmation hearing while data warns of ebbing demand.

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Establish Your Baseline Trading Targets, and Make Sure to Maintain Them

In 2021, I became sloppier with sticking to my established baseline trading targets. These are derived from your risk-reward ratios and include the maximum you are willing to take a loss on any giv...

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US Dollar Solid Ahead of CPI and Fed Chair Powell Confirmation. Will USD Run Higher?

The US Dollar holds the high ground ahead of CPI and Fed Chair Powell's confirmation hearing as the market ups the ante on rate hikes. Where to for the USD?

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Gold Prices Set to Rise on Baked in Fed Rate Hike Bets as CPI Looms

Gold prices are rising this week despite an aggressive shift in hawkish Fed rate hike bets. Bullion traders have a close eye on Fed Chair Powell's confirmation hearing and incoming CPI data.

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Nikkei 225 and Hang Seng Index in Cautious Mood After a Choppy US Session

The Nasdaq 100 dropped as much as 2.7% before paring losses on Monday, holding above a key support level. The 10-year Treasury yield retreated to 1.76%. Asia-Pacific markets look set to open in cau...

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AUD/USD at Key Level as Australian Retail Sales and Trade Balance Nears

AUD/USD faces a key price level as Australia readies to release trade and retail sales data amid surging Omicron cases. Meanwhile, traders remain cautious ahead of US and Chinese inflation data.

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Households Upbeat on Jobs, Earnings and Expenses in 2022 – Fed Survey

In the lead up to this weeks CPI print, the NY Fed’s December consumer survey sees positive labor sentiment but higher expected household costs, inflation flat

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Crude Oil Prices May Turn as Markets Weigh Inflation, Fed Outlook

Crude oil prices stalled near the $80/bbl figure on the WTI benchmark as US jobs data flagged ‘stagflation’ worries. How the Fed may respond is in focus this week.

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Euro Boosted by Weaker US Dollar After Jobs Data. Can EUR/USD Break Higher?

The Euro found support when the US Dollar weakened on Friday, but it has given up some ground in Asia today. How long will EUR/USD be range bound?

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US Dollar Forecast: CPI Data Risks Souring Emerging Market Sentiment, Currencies

The US Dollar rose against the Singapore Dollar, Thai Baht, Indonesian Rupiah and Philippine Peso. All eyes are on US inflation data as a more hawkish Fed risks souring Emerging Market sentiment.

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Gold Price Holds Ground as US Dollar Falls and Real Yields Rise. Where to for XAU/USD?

Gold has remained steady as a weakening US Dollar was largely offset by higher real yields in the aftermath of non-farm payroll numbers. Will XAU/USD fall?

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S&P 500 Retreats Amid Rate Hike Fears, Hang Seng and ASX 200 May Follow Lower

Wall Street stocks retreated on Friday after the release of solid US jobs data. Treasury yields climbed. Asia-Pacific markets look set to open modestly lower as investors worry about Fed rate hikes...

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AUD/USD Eyed to Gauge Risk as Traders Eye Incoming US and Chinese CPI

AUD/USD is slightly lower in early Asia-Pacific trading, as US and Chinese inflation data approach following a sour week of trading after the Fed's pace of rate hikes are seen accelerating.

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Weekly Fundamental US Stocks Forecast: Inflation Data in Focus After FOMC Minutes, NFP

Will another hot US inflation report further stoke fears of an aggressive Fed policy tightening cycle?

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Markets Week Ahead: Dow Jones, Nasdaq 100, US Dollar, Gold, CPI, Powell Hearing

The Dow Jones suffered much less than the Nasdaq 100 this past week as hawkish Federal Reserve bets dragged down the tech sector. The US Dollar is on the rise again with Treasury yields, leaving go...

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S&P 500 Forecast for the Week Ahead

Soft start to 2022 for equities as Fed hawks bring QT back into the equation.

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Euro Forecast: EUR/USD Rebound Vulnerable to Rising US Inflation

The US Dollar Index (DXY) may reestablish an upward trend following the Federal Reserve interest rate decision as it appears to be trading within a bull flag formation.

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British Pound Outlook: GBP/USD, EUR/GBP, GBP/JPY Technical Forecast

The British Pound (GBP) has remained resilient against USD, EUR and JPY as price action tests critical levels. GBP/USD, EUR/GBP, GBP/JPY technical levels.

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Gold Prices Eye Fed Chair Jerome Powell Testimony and Inflation Data

Gold prices fell last week as Fed rate hike bets strengthened. Bullion traders expect a busy week ahead, with Fed Chair Jerome Powell set to testify before Congress and CPI data set to cross the wi...

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Bitcoin (BTC), Ethereum (ETH) – Collapsing Into Multi-Month Support as Sellers Triumph

A bad start to the year for Bitcoin and Ethereum holders with sellers taking control and driving the price ever lower. Important support nears.

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Australian Dollar Outlook: US Dollar, Fed, RBA, Commodities. Is AUD/USD Trapped?

The Australian Dollar depreciated last week after Fed hawkishness lifted US yields and the US Dollar. Will interest rates or commodities drive AUD/USD?

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The Psychology of Speculation in the Forex Market

Find out how to develop a positive trading mindset to speculate on forex like a professional.

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GBP Fundamental Forecast: Sterling May be due a Breather but Remains Bullish

The Pound Sterling continues its stellar performance and while it may be due a pullback, the outlook remains bullish

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NZD/USD Falls on Stronger US Dollar as Fed Rate Hike Bets Accelerate

The New Zealand Dollar fell sharply overnight as traders priced in a more aggressive US rate hike outlook. Meanwhile, the Chinese Yuan fell to its weakest level since November versus the US Dollar.

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S&P 500 Subdued on Fast and Furious Fed Tightening Roadmap, NFP Eyed for Direction

U.S. stocks were mixed on Thursday, ending the day slightly lower on investor caution over expectations that the Federal Reserve will embark on an aggressive tightening cycle.

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USD/JPY Rate Pullback Generates RSI Sell Signal Ahead of NFP Report

USD/JPY may face a larger pullback ahead of the US Non-Farm Payrolls (NFP) report as the Relative Strength Index (RSI) slips below 70 to indicate a textbook sell signal.

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US Dollar Pre-NFP Price Action Setups: EUR/USD, GBP/USD, AUD/USD

The US Dollar remains in range, as does EUR/USD. But, both GBP/USD and AUD/USD present trending potential ahead of tomorrow's NFP report.

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Stock Markets Maintain Losses as US ISM Misses Expectations

US ISM misses expectations, prices paid remains elevated

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Euro Forecast: Dollar Fundamentals in Focus, EUR/USD Hovers Near 1.13

Markets lie in wait as tomorrow’s NFP data could give EUR/USD traders insights into directional bias. The Euro remains flat today while ISM services data could move markets later today.

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What Is The Metaverse Anyway?

Facebook announced it's changing its name to "Meta", signaling that 3D virtual reality platforms are about to expand in a big way.

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Oil Price Forecast: Crude on Track to Fill November Price Gap

The price of oil appears to be on track to fill the price gap from November as it clears the December high ($77.44).

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Central Bank Watch: BOC, RBA, & RBNZ Interest Rate Expectations Update

At the start of 2022, central banks appear ready to move aggressively on rate hikes.

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Australian Dollar Technical Analysis: AUD/USD, AUD/JPY

The Aussie continues to trend with a full head of steam: AUD/USD is approaching a big spot of resistance and bulls may see favor here, but AUD/JPY may be more attractive on the long side.

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Euro Technical Analysis: EUR/JPY Heads Towards Range Top; EUR/USD Consolidates; EUR/GBP Breaks Support

The three major EUR-crosses each have a unique story to tell.

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EUR/GBP Price Outlook: EURGBP Grinds Lower after EU PMI Disappoints

The Euro continues to underperform when compared to the more hawkish BoE-backed Sterling. Policy divergence continues into 2022

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AUD/USD Gains Beside Dow Jones Ahead of RBA Chart Pack

AUD/USD gained alongside the cyclically-sensitive Dow Jones overnight, but the currency pair faces technical obstacles if prices are to rise further. The RBA's latest chart pack is set to cross the...

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Q1 2022 Top Trade Opportunities

Analysts at DailyFX and tastytrade share their top trade opportunities across forex, commodities, and indices for Q1 2022.

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Dow Jones Shines but ARKK Flops as Divergence Between Value & Growth Widens

The transition to higher rates may hurt growth and tech plays in 2022, but the value segment can withstand this headwind, leaving the Dow Jones well-placed to outperform other equity indices.

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Currency Carry Trade: What is it and how does it work?

Learn how to calculate and implement currency carry trades in your forex trading strategy.

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British Pound Technical Analysis: GBP/USD, GBP/JPY

What a difference a month can make: After limping into December trade the beleaguered British Pound has found a new lease on life after the BoE hike last month.

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USD Breaking News: U.S. Dollar Fades on ISM Manufacturing PMI Miss

The ISM Manufacturing PMI slip followed that of the IHS Markit print yesterday but employment and pricing measures may provide upside support for the U.S. dollar.

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US Dollar Jumps Up as Treasury Yields Leap on Fed Expectations. Where To From Here?

The US Dollar index benefitted from the market raising bets on rate hikes by the Federal Reserve beyond what was already priced in. Will USD continue higher?

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Gold Price Slips as US Dollar Roars on Higher Treasury Yields. Where to for XAU/USD?

Gold prices made a 6-week high before collapsing to kick-off the year, as higher interest rates lifted the US Dollar. Will XAU/USD continue lower?

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Copper Prices Pullback on Surging US Treasury Yields, Stronger Greenback

Copper prices came under pressure as rising US Treasury yields reflected a strong bout of risk-on sentiment to kick off 2022.

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Nasdaq 100 Starts the Year with a Bang as Tesla Gains 13%, Reopening Stocks Surge

US stocks start of the new year on the front foot, with the reopening basket and cyclicals leading the charge higher, as investors bet the economy will soon overcome the COVID-19 crisis.

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Canadian Dollar Technical Analysis: USD/CAD, CAD/JPY

Major support levels are taking a toll in the Canadian Dollar, with a strong bounce in USD/CAD showing as CAD/JPY is testing a key area on that chart.

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3 Trading Exit Strategies – How to Exit a Profitable Trade

Explore 3 trading exit strategies that traders should consider when looking to get out of a trade.

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What Type of Forex Trader Are You?

What forex trading style best suits your personality? Read on to find out.

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USD/ZAR Forecast: Rand Opens 2022 in the Green After Broad-based EM Gains

A confident start to 2022 for the South African rand as emerging markets enjoy early advances. USD/ZAR trading below 16.00.

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Q1 2022 Fundamental and Technical Forecasts

Cross-asset fundamental and technical forecasts that will help traders navigate major markets in Q1 2022.

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Q1 2022 Top Trade Opportunities

Analysts at DailyFX and tastytrade share their top trade opportunities across forex, commodities, and indices for Q1 2022.

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Long Airline Stocks (UAL / LUV / AAL / BA) : Top Trade Q1 2022

We are in the midst of another COVID-19 variant, and the expected winter wave. This has resulted in a selloff in sectors that thrive on human participation, namely airline & casino stocks.

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Boeing… Down but Not Out? : Top Trade Q1 2022

The woes for Boeing stock started about a year before the pandemic as the second 737 Max tragedy pulled the stock from all-time highs, above $437, down below $360. As the pandemic struck, shares fe...

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US Dollar May Rise Against the Yuan, Will 2022 Chinese Export Demand Slow?: Top Trade Q1 2022

In the face of the US Dollar’s rise in 2021, the Chinese Yuan was a notable standout. The DXY Dollar Currency Index appreciated almost 7 percent in 2021. Meanwhile, the offshore Renminbi (CNH) gain...

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Short USDJPY and Nasdaq 100–Dow Ratio on the Same Risk Reprieve: Top Trade Q1 2022

Looking into the opening quarter of 2022, there seems a high threshold for exuberance. That descriptor of sentiment ('exuberance') should relay the difficulty of sustaining the charge that speculat...

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MARA for Bitcoin Exposure: Top Trade Q1 2022

Digital assets have been one of the stories of 2021 but have been largely untradeable outside of spot trading due to size and lack of options availability. BTC the bitcoin futures trade at a 5 Bitc...

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New Variant Greets New Year: Top Trade Q1 2022

As the calendar turns to 2022, the slate is wiped clean of the buoyant enthusiasm that carried risk markets higher through the second half of 2020 and all of 2021. Aggressive fiscal stimulus is now...

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Riding The Bull Flattener: Top Trade Q1 2022

Long UST 30YR, UST YC 2s10s Bull Flattener on monetary policy tightening, decelerating economic growth rates.

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Long CAD/JPY as Interest Rate Differential Begins to Bite: Top Trade Q1 2022

The coming year will see a raft of global central banks reversing their loose, pandemic monetary settings of the last two-years decisions and begin to normalize monetary policy by withdrawing emerg...

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