Monday, 18 January 2021

S&P 500, ASX 200, Nikkei 225 Rise on Weaker USD, Yellen's Testimony in Focus

S&P 500 futures are climbing alongside the Nikkei 225 and ASX 200 indices on Tuesday, setting a positive tone for Asia-Pacific trade. The US Dollar weakened ahead of Treasury secretary nominee Jane...

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Australian Dollar Outlook: AUD/USD Breaks 20-Day SMA, Chinese FDI in Focus

AUD/USD may rise on Chinese foreign direct investment data set to cross the wires on Tuesday despite an underwhelming reaction to Chinese Q4 GDP.

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Canadian Dollar (USD/CAD) Price Forecast: Loonie gives back gains ahead of BoC Decision

USD/CAD Tests resistance ahead of interest rate decision

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AUD/JPY Price Forecast: Bearish Engulfing Pauses Bullish Advance

The Aussie dollar appreciated significantly vs the Yen in the latter stages of 2020 but the formation of a bearish engulfing has put an end to that, perhaps just for now

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Markets Week Ahead: Russell 2000, S&P 500, Gold, USD, Biden Stimulus, Earnings, ECB

The S&P 500 declined as the Russell 2000 soared as markets digested Joe Biden’s fiscal package. Gold prices sank as the US Dollar shined. The week ahead is fairly busy, with bank and tech earnings,...

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USD/INR Forecast: Indian Rupee Recovers After Last Weeks Dismal Data

The Indian Rupee may be projected for a strong 2021 but will global economic recoveries and vaccine success unfold as expected?

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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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EUR/USD Price Outlook - Sitting on Multi-Week Support Ahead of Busy Data and Events Week

EUR/USD is respecting multi-week support for now but a packed week of important data and events could see this level tested again

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DAX 30 Slips Further on Continued Virus Concerns

Germany prepares for tougher restrictions as the rapid spread of coronavirus continues

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British Pound (GBP) Latest: GBP/USD Carving Out a Short-Term Top?

GBP/USD edging lower as US Dollar reversal persists. Thin liquidity exacerbates downside. FTSE 100 slips

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Sunday, 17 January 2021

Canadian Dollar Outlook: USD/CAD Rebound May Continue Ahead of BoC

The Canadian Dollar could come under pressure ahead of the Bank of Canada’s upcoming monetary policy meeting as tightening restrictions fail to suppress the outbreak of local coronavirus infections.

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Gold Price Outlook: XAU/USD Rebounds from a 6-Week Low. Now What?

Gold prices snapped higher after dropping as much as 1.2% before Monday but a stronger USD and fading stimulus hopes may continue to weigh. Traders are eyeing US$ 1,807 for near-term support.

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US Dollar Bottoming? Smaller Fiscal Stimulus, Earnings, Covid Threaten ASEAN FX

The US Dollar may be finding a turning point against ASEAN currencies as smaller fiscal stimulus bets, soft earnings risk and Covid cases translate into some capital flight from equities.

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Australian Dollar Unimpressed by Chinese Q4 GDP as Retail Sales Lag

The trade-sensitive Australian Dollar slid marginally lower after disappointing retail sales data out of China overshadowed strong industrial production and Q4 GDP figures.

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Dow, Hang Seng, ASX 200 Outlook: China Q4 GDP, Stronger USD in Focus

A sour lead from Wall Street may set a downbeat tone for Asia-Pacific markets on Monday against the backdrop of a strengthening US Dollar. Investors are anticipating a strong Chinese Q4 GDP figure ...

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Markets Week Ahead: Russell 2000, S&P 500, Gold, USD, Biden Stimulus, Earnings, ECB

The S&P 500 declined as the Russell 2000 soared as markets digested Joe Biden’s fiscal package. Gold prices sank as the US Dollar shined. The week ahead is fairly busy, with bank and tech earnings,...

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Weekly Fundamental Gold Price Forecast: Lacking Luster, a Turning Point Arrives

Between investors seeking higher yielding and more growth-sensitive assets and a sense of disappointment over the Biden stimulus package, gold prices are struggling.

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Dow, Nasdaq, S&P 500 Outlook: Earnings May Bring Positive Surprises

The Dow Jones, Nasdaq 100 and S&P 500 stock indexes may find fresh catalysts as the release of Q4 US corporate earnings set the tone for what has been a record-scrapping rally.

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Saturday, 16 January 2021

Euro Forecast: EUR/USD Week Ahead Outlook Poor, ECB Meeting in Focus

EUR/USD has dropped sharply over the last few days and may well fall further. However, it is also possible that the bad news is now priced in to the exchange rate and that further weakness will be ...

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US Dollar Rebound in Focus Ahead of US Presidential Inauguration

The US Dollar breaks out of the range bound price action from the first of January going into the inauguration of President-elect Joe Biden.

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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...