Wednesday, 20 January 2021

Precious Metals Analysis: Gold and Silver Buoyant as Real Yields Fall

Gold and silver prices may continue to rise in the coming months on the back of falling real rates of return and the prospect of additional fiscal support under a Biden administration.

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Nasdaq Hits Record High as Biden Takes Office, Hang Seng Eyes 30,000

Wall Street saw a tech-led rally that sent both the Nasdaq 100 and S&P 500 to record highs on strong earnings and President Biden’s agenda. The Hang Seng Index aims to break 30,000 to a fresh 20-mo...

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Australian Dollar Forecast: Jobs Report Fails to Inspire AUD/USD

The Australian Dollar rose against the Greenback as Wall Street pushed into fresh record highs. Meanwhile, AUD/USD is seeing a rather muted reaction to Australia's December employment report.

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Gold Price Forecast: XAU/USD Recovers but is the Rally to be Believed?

Gold has enjoyed a relief rally in recent sessions as it looks to recoup losses suffered earlier in January. Still, the precious metal is down considerably for the month and the recovery might be l...

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AUD/USD Monthly Opening Range Intact Ahead of Australia Jobs Report

Australia’s Employment report may trigger a bullish reaction in AUD/USD as the update figures are expected to show a further improvement in the labor market.

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EUR/USD Rate Outlook Hinges on 2021 ECB Forward Guidance

EUR/USD trades back above the 50-Day SMA (1.2081) ahead of the ECB’s first rate decision for 2021 as it extends the rebound from the monthly low (1.2054).

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USD/CAD Snaps Lower Following Bank of Canada Rate Decision

The Canadian Dollar is surging to session highs as USD/CAD price action plummets in response to the latest Bank of Canada interest rate decision just crossing market wires.

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Sentiment Snapshot (Europe): GBP/USD, EUR/JPY, GBP/JPY

This sentiment snapshot looks at some of the larger imbalances in positioning across a number of currency pairs and what this could mean for each

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Market Sentiment Firms as Netflix Soars, Euro Weakens as EUR/GBP Cracks Support - US Market Open

Tech stocks outperforms on Netflix. Italy PM survives confidence vote, however, government remains fragile

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Bank of Canada Preview: Canadian Dollar (CAD) Guide for BoC Rate Decision

BoC expected to maintain current policy despite some suggestions of a micro-cut.

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Gold Prices Rise to Critical Resistance on Inauguration Day

Gold prices capped by key resistance, US real yields key for direction.

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IBEX 35 Forecast: Price Consolidates as European Equities Struggle to Keep Up

The IBEX 35 consolidates between two Fibonacci levels, EUR loses bullish momentum

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EUR/GBP Price Outlook - Breaking Multi-Month Support Ahead of the ECB Rate Decision

EUR/GBP is probing an important support level, which if broken convincingly opens the way to further losses in the short-term

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British Pound (GBP) Latest: Trend Higher Intact, UK Inflation Above Expectations

GBP/USD continues to march higher within a rising channel on the charts, helped this session by news that UK inflation in December was higher than expected by analysts.

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Tuesday, 19 January 2021

S&P 500 Index Outlook: Yellen's Calls for Fiscal Support to Buoy SPX

The S&P 500 index looks set to continue it s climb to fresh all time highs on the back of Treasury Secretary nominee Janet Yellen’s push for addition fiscal support.

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Gold, Crude Oil Outlook: Weaker Dollar and Reflation Hopes Underpin Prices

Gold and crude oil prices climbed as the US Dollar retreated for a second day. US Treasury Secretary nominee Janet Yellen defended Joe Biden’s US$ 1.9 trillion fiscal stimulus plan, buoying commodi...

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Natural Gas Outlook: US Prices Sink Despite Global Supply Disruptions

Natural gas is moving lower after weather models pointed to warmer-than-average temperatures across much of the US.

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Dow Jones Up on Yellen Stimulus Push; Hang Seng and ASX 200 May Climb

The Dow Jones, S&P 500 and Nasdaq 100 indices rebounded after Yellen defended Biden’s $1.9 trillion fiscal stimulus package in the Senate confirmation hearing. Netflix jumped 12% on strong subscrib...

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Australian Dollar Outlook: AUD/USD Unfazed by Falling Westpac Confidence

The Australian Dollar is moving higher versus the US Dollar despite a 4.5% drop in the Westpac Consumer Confidence index. That move was preceded by an optimistic session on Wall Street as traders c...

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US Dollar Outlook: USD/CAD Volatility Jumps as BoC Decision Looms

The DXY Index slid -0.3% on Tuesday as US Dollar bears chisel away at recent gains. USD/CAD price volatility looks primed to intensify with the Bank of Canada rate decision on deck.

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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...