Monday, 11 January 2021

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) Slump - Cryptocurrency Market Hammered

The cryptocurrency market fell sharply over the weekend with most of the main coins showing heavy double-digit losses.

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DAX 30 Bounces Off All-Time High, EUR/USD Increases Bearish Momentum

The US Dollar bounces back as yields pick up, despite global equities pushing higher

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Sunday, 10 January 2021

British Pound at Risk as Downing Street Weighs Tighter Restrictions

The British Pound may come under pressure in the near term as UK lawmakers consider tightening coronavirus restrictions further amid a relentless surge in local infections.

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Gold, Silver Price Outlook: Rising Yields and USD Exert Downward Pressure

Gold and silver prices plummeted in response to rising longer-dated US Treasury yields and a rebound in the US Dollar. Fresh stimulus plans from President-elect Joe Biden may help to cushion the do...

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US Dollar Price Outlook: Emerging Market Currencies Face Rising Treasury Yields

The US Dollar may pause weakness against ASEAN currencies as Treasury yields help offset the impact of a rally in Emerging Market stocks amid fiscal stimulus bets from the United States.

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S&P 500, ASX 200 Weekly Outlook: Rising Treasury Yields Flag Risk Ahead

The ASX 200 index opened lower alongside US equity index futures. Rising US Treasury yields led the US Dollar to strengthen, which may weigh on risk assets, EM currencies and commodities.

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US Dollar Up as Wage Inflation, Biden Stimulus Pledge Drive Fed Outlook

The US Dollar is on the upswing as rising wage inflation and the promise of fiscal stimulus expansion by President-elect Biden cool Fed easing bets and drive up yields.

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Markets Week Ahead: Nasdaq 100, Russell 2000, Gold, USD, Stimulus, Treasury Yields

The Nasdaq 100 and Russell 2000 started 2021 on a high note with longer-dated Treasury yields as gold tumbled. The US Dollar and crude oil found some support on rising fiscal stimulus prospects des...

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Weekly US Dollar Fundamental Forecast: Down, But Not Out

The DXY Index may be turning the corner as the stretch of bad US economic data nears exhaustion.

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Will the S&P 500 Extend Its Record Rally on Reflation Hopes?

The seemingly unstoppable rally in US stocks may have more room to go before time is ripe for a correction. The reflation trade appears to be gaining traction, but overstretched valuations may flag...

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Saturday, 9 January 2021

Mexican Peso Forecast: USD/MXN Balances on Support as Covid-19 Cases Surge in Mexico

The strong downtrend in USD/MXN has stagnated in recent weeks as bearish momentum eases.

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Euro Forecast: EUR/USD Outlook Upbeat on Sunny Market Sentiment

Trader confidence has been boosted by the US Democrats winning control of the Senate, suggesting further flows out of the safe-haven US Dollar into ‘risk-on’ currencies such as the Euro.

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Gold Price Outlook Mired by Spike in US Treasury Yields

The price of gold tumbles to a fresh weekly low ($1834), with the weakness in bullion largely coinciding with the recent spike in US Treasury yields.

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Friday, 8 January 2021

Crude Oil Prices Eyeing OPEC Outlook Report After Saudi Output Cut, US Stimulus

Crude oil prices may extend gains after Saudi Arabia unexpectedly cut production ahead of the monthly OPEC outlook report. US fiscal stimulus bets may also underpin WTI.

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Australian Dollar Outlook: Rising Commodity Prices to Drive AUD Higher

Australia’s success in suppressing the novel coronavirus and soaring commodity prices may continue to underpin the cyclically-sensitive AUD in the coming months.

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South African Rand Price Forecast: USD/ZAR, GBP/ZAR,EUR/ZAR Setups

Rand Falters Amid Dismal Economic Outlook and a Potent Second Wave

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Sterling (GBP) Weekly Outlook: Covid-19 Vaccination Program Underpins Sterling

Looking ahead, the British Pound will continue to draw strength from an acceleration in the UK vaccination program, despite rising infection numbers.

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Sterling (GBP) Weekly Outlook: Covid-19 Vaccination Program Underpins Sterling

Looking ahead, the British Pound will continue to draw strength from an acceleration in the UK vaccination program, despite rising infection numbers.

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USD/CAD Rates to Watch Following Canada Employment Report

Key market trends may continue to influence USD/CAD following Canada’s Employment report as the US Dollar still reflects an inverse relationship with investor confidence.

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USD/CAD Rates to Watch Following Canada Employment Report

Key market trends may continue to influence USD/CAD following Canada’s Employment report as the US Dollar still reflects an inverse relationship with investor confidence.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...