All eyes on bond yields for near-term directions for gold. Support holds for now, however, upside remains capped.
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Wednesday, 13 January 2021
Natural Gas Outlook: Supply Chain Disruptions Boost LNG Spot Prices
Natural Gas strong start to the year has brought prices to key historical levels. Will fundamentals continue to support higher prices or will resistance hold?
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FTSE 100 Stagnates as Investors Look for Guidance on Inflation Concerns
Equities continue to trade with caution as US CPI figures are expected to shed a light on inflation concerns
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EUR/GBP Price Outlook - Testing Multi-Week Lows as Important Support Levels Breakdown
Euro Sterling has been on a downward trajectory since late December and this week broke below some important technical indicators.
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British Pound (GBP) Latest: GBP/USD Benefiting From Weak USD, Treasury Yields
GBP/USD has now recovered all the ground lost last week, benefiting from a weaker US Dollar prompted by lower Treasury yields following their previous strong rise higher.
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Tuesday, 12 January 2021
US Dollar May Resume Slide as Yields Turn Lower on Strong Treasury Demand
Strong demand for US 10-year Treasuries and the reiteration by several Federal Reserve members that the central bank is not looking to taper its QE program may halt the US Dollar’s recent recovery.
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Crude Oil Prices Hit 11-Month High on Reflation Hopes, Falling Stockpiles
Crude oil prices reached their highest level since Feb 2020 on reflation hopes and a large draw in crude inventories from the latest API report. A weaker US Dollar and a flattening Treasury yield c...
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Nasdaq 100 Rebounds with Falling USD. Will Hang Seng, ASX 200 Follow?
Wall Street stocks closed marginally higher overnight, led by energy and material sectors. The US Dollar retreated alongside Treasury yields. Asia-Pacific markets look set to open slightly lower.
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Silver Price Outlook: Falling Treasury Yields Support XAG/USD
Following recent gains, US Treasury yields reversed lower, allowing silver prices to capitalize on a weaker US Dollar.
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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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Implied Volatility: What is it & Why Should Traders Care?
Implied volatility, synonymous with expected volatility, is a variable that shows the degree of movement expected for a given market or security.
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Canadian Dollar Forecast: USD/CAD Recovers, Will it Reverse Lower Soon?
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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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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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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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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Gold managed to trade higher on Tuesday, maintaining its bullish run ahead of key US growth and PCE inflation data. Subdued gold volatility ...