Thursday, 14 January 2021

Nasdaq 100 Weighed Down by Tax Hike Fears as Biden Unveils Relief Plan

The tech-heavy Nasdaq 100 index may continue to slide lower in the near term, weighed down by the notable climb in bond yields and the possible increase in taxation under a Biden administration.

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Crude Oil Prices May Turn Lower as Market Risk Appetite Sours

Crude oil prices managed to shrug off soggy risk appetite yesterday but may yet succumb to selling pressure. Technical positioning bolsters the case for a downturn.

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Why a Rise in Retail Trading May Signal Another Mania

The Fed and government’s support has altered how Americans think of saving versus investing. This is acting to kindle ‘animal spirits,’ in every sense of the Keynesian fashion.

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Dow Jones Futures Rise with ASX 200, Nikkei 225 on Biden's Stimulus Plan

US futures are drifting higher at Asia-Pacific trading open in anticipation of Biden’s 1.9 trillion Covid-relief package. Reflation hopes sent the Nikkei 225 and ASX 200 indexes mildly higher.

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Russell 2000 Gains, S&P 500 Wobbles Following President-elect Biden’s Stimulus Details

The Russell 2000 rose as the S&P 500 wobbled following President-elect Biden's stimulus plan that outlines $1.9 trillion in funding to combat the ongoing Covid-19 pandemic.

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USD/JPY Price Outlook: US Dollar Ranges Ahead of Biden Aid Plans

USD/JPY price action, which is the second largest component of the US Dollar Index, appears to be consolidating headed into a press statement from president-elect Biden detailing his covid aid pack...

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Gold Price Forecast: Real Yields Weighing on Precious Metals

Gold price action has attempted to recover from its recent selloff as key technical levels help stymie selling pressure, but precious metals might continue to broadly mirror swings in real yields.

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Central Bank Watch: Fed Speeches, Interest Rate Expectations Update

The second week of the year was all about the Federal Reserve and policymakers speaking out against early tapering or a rate hike.

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EUR/GBP Price Analysis: Will Recent Pound Momentum Break Key Support?

The Pound Sterling has strengthened against the USD, JPY and EUR recently as the UK looks optimistically towards an economic recovery as vaccinations continue

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Silver (XAG/USD) Shuffles Sideways Ahead of Stimulus Announcement

Silver prices continue to trade in a range as US Treasury yields gain appeal

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What To Expect From Biden's Stimulus Package Announcement - US Market Open

Euro underperforms, equities push higher. All eyes on Powell and Biden statements

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Gold Price Outlook - The Recent Sell-Off May Not be Over Yet

Gold is struggling to make any headway this week after last week’s sharp sell-off. And the backdrop remains bearish for the precious metal ahead of the next round of US economic stimulus measures.

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USD/ZAR Outlook: Rand Pulls Back Pending Next Week’s SARB Meeting

Rand may be heading for further strength, while key South African economic data is scheduled next week.

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Japanese Yen Forecast: USD/JPY Key to Short-Term US Dollar Direction

Major FX pairs trade in choppy conditions. Eyes on Fed Chair Powell and President-Elect Biden speeches

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BTC/USD: Bitcoin Shruggs Off Lagarde's Comments, Up Above 38,000

Bitcoin continues its bullish run and pushes above 38,000 but price may see consolidation in the short-run

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British Pound (GBP) Latest: GBP/USD Stable Ahead of Biden Stimulus Package

GBP/USD, like most of the financial markets, will likely be on hold this session ahead of an expected announcement by Joe Biden of his fiscal stimulus plans and a speech by Jerome Powell.

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Moving Average (MA) Explained for Traders

The Moving Average is a popular indicator for identifying trends. Learn how to use and interpret MA.

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Wednesday, 13 January 2021

DAX 30 Poised to Extend Climb Despite Threat of Extended Restrictions

Germany’s benchmark DAX 30 index may continue pushing higher in the near term, despite the threat of elongated lockdown measures amid a relentless rise in Covid-19 cases.

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Gold Price Outlook at Risk to Biden Stimulus Push, Crude Oil Eyeing OPEC Report

Gold prices may be at risk after reports came out that Joe Biden may push for a USD 2 trillion stimulus package. Crude oil prices face OPEC’s monthly outlook report after oversupply concerns.

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AUD/USD Shrugs Off China Trade Data, Sinks on Biden Stimulus News

Chinese trade data for December came across the wires above expectations, but the Australian Dollar and markets are keying in on news that the incoming Biden administration is aiming for a much hig...

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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...