USD/CAD has regained its footing in recent sessions, moving off of lows narrowly above 1.2600. Can the pair continue higher or will USD/CAD soon reverse lower? Technical levels may hold clues.
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Tuesday, 12 January 2021
NZD/USD Vulnerable amid Failure to Retain January Opening Range
Failure to preserve the monthly opening range may lead to a larger correction in NZD/USD amid the ongoing rise in longer-dated US Treasury yields.
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Euro Dollar Forecast: EUR/USD Stalls after Falling to Critical Support
EUR/USD price action continues to trade sideways in anticipation of fundamentals
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US Dollar Price Forecast: Can USD Bulls Really Take Control?
Take a snapshot while you can because the US Dollar is up so far in 2021 trade. Can buyers continue to drive through some high-impact US data?
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Mexican Peso Forecast: Rising US Yields Help USD/MXN Fend Off Breakdown, For Now
USD/MXN rates started the year by breaking the 2020 low, only to see a sharp reversal higher alongside rising US Treasury yields.
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EUR/USD Susceptible to Larger Pullback Ahead of Account of ECB Meeting
The account of the ECB meeting may do little to prop up EUR/USD as the exchange rate as the RSI tracks the downward trend established in December.
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GBP/USD Boosted as BoE's Bailey Downplays Negative Rates - US Market Open
Equities attempt to make a comeback from Monday’s pullback. GBP outperforms.
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Crude Oil Price Outlook - Markets Continue to Nudge Higher But Covid-19 Fears Remain
Crude oil continues to rally, boosted recently by the OPEC+ decision to keep a lid on supply, but renewed Covid-19 worries may soon temper demand.
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USD/JPY Forecast: Rising Treasury Yields Moderates Yens Recent Gains
U.S. Treasury yields have been steadily rising in 2021 which has favored Dollar strength against the safe-haven Japanese Yen. With key levels being reached on the technical side, will the JPY pull ...
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Bitcoin (BTC/USD) Bulls Bite the Bullet
Bitcoin price action fights to pursue bullish continuation
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Technical Forecast - CAC 40, IBEX 35 Levels to Watch
Find out the key levels to watch this week in the CAC and IBEX as global stocks trade with caution
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British Pound (GBP) Latest: GBP/USD Steadies After Brief Sell-off
The recovery in the US Dollar over the last few sessions is looking increasingly like a short-term corrective move as GBP and other currencies steady Tuesday, perhaps prior to a new leg higher.
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Monday, 11 January 2021
S&P 500 May Slide Lower on Fed Taper Talk Ahead of Inflation Release
The S&P 500 index could come under pressure in the near term as several members of the Federal Reserve hint that the central bank may taper its QE program by the end of 2021.
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Natural Gas Forecast: Prices Boom on Binary Cold Weather Events
Natural gas prices received a boost from a colder than average U.S. temperature outlook after abnormally cold weather across Northeast Asia placed pressure on regional LNG suppliers.
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Bitcoin, Ethereum Outlook: Short-Term Correction or Has The Bubble Burst?
Bitcoin and Ethereum have sank lower in recent days as risk appetite across financial markets notably fades. Is this just a mere short-term pullback or has the cryptocurrency bubble finally burst?
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ASX 200, Nikkei 225 Outlook: Pressure from Rising Yields, Stronger USD
All three major US stock indices retreated from recent highs as rising yields and pandemic concerns weighed on sentiment. Asia-Pacific stocks look set to trade lower. Bitcoin prices tumbled.
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New Zealand Dollar Hit on Rising US Yields, Regulation Risks. More to Go?
The risk-sensitive New Zealand Dollar dropped alongside US equities as rising Treasury bond yields threaten sentiment.
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US Dollar Outlook Brightens Amid Rising Yields, Volatility
The US Dollar strengthened broadly on Monday as Treasury yields extended higher and market volatility accelerated. Can USD price action prolong its rebound or will bearish headwinds prevail?
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Nasdaq 100 Forecast: Stock Leaders Take Backseat as Bond Yields Rise
Stocks opened lower for the week with the technology sector, and tech-heavy Nasdaq, leading declines. As yields rise and equity alternatives grow, some hot stocks could come under further pressure.
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FX Week Ahead - Top 5 Events: China New Yuan Loans, Fed Speeches, US Inflation Rate & Retail Sales, UK GDP
The second week of the year sees activity pick up on the economic calendar, with the focus still remaining on the United States economy.
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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...
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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...