Silver Price Surges as Reddit Group WallStreetBets Fuels Buying Spree

Silver surged over 7% to kick-off a fresh week of trade, as Reddit forum r/wallstreetbets intensifies calls for a short-squeeze of epic proportions.

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Markets Week Ahead: Gold, Dow, Euro-Area GDP, NFPs, BoE & RBA Eyed

Markets gyrated wildly this past week as traders reacted to a barrage of headlines ranging from central bank commentary to GameStop stock price volatility. What's in store for the week ahead?

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Stock Market Forecast for the Week Ahead: Will the Mania Continue?

US indices were thrown into disarray last week as an army of retail traders poured into stocks with heavy short interest like GameStop. What makes for an intriguing story is also immensely risky fo...

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Euro Forecast: EUR/USD to Shrug Off Any Hints of an ECB Interest Rate Cut

Nobody is seriously expecting the ECB to cut Eurozone interest rates any time soon. It appears keen to persuade the markets that a reduction is possible but there’s little chance EUR/USD will react.

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Gold Price Forecast: Is Gold at Risk From a US Dollar Turning Point?

Gold prices consolidating, however, US Dollar may present a risk.

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US Dollar Forecast: Where to After GameStop Short-Squeeze Rattled Markets?

The US Dollar may remain in a consolidative state as fundamental risks, such as fiscal stimulus bets, non-farm payrolls and “short-squeezing”, threaten broader stock market sentiment.

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Crude Oil Forecast: Backwardation Hints at Gains with OPEC JMMC on Tap

Crude oil prices may continue to push higher ahead of OPEC’s JMMC meeting, on the back of futures curve backwardation, vaccination progress and a notable decline in global cases of Covid-19.

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AUD/USD Rate Outlook Hinges on February 2021 RBA Rate Decision

The Reserve Bank of Australia (RBA) interest rate decision may fuel the recent rebound in AUD/USD if the central bank retains the current course for monetary policy.

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South African Rand Price Action Setups: USD/ZAR, GBP/ZAR

Economic and political uncertainty continues to weigh on the South African Rand.

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US Recession Watch, January 2021 - Slowing Growth Evident as Calendar Turns

Although US Treasury yields have risen in recent weeks, 4Q’20 growth expectations have slid. A double dip recession may or may not be avoided.

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British Pound Price Action Setups: GBP/USD, GBP/JPY

GBP marches towards potentially key levels in GBP/USD and GBP/JPY.

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British Pound Outlook: Bank of England and Covid-19 will Drive GBP Price Action

The latest Bank of England (BoE) monetary policy decision will be the main focus for Sterling traders, but covid-19 stats and the EU/UK vaccination dust-up will also move GBP next week

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Gold Price Forecast: Bullion to Track Rise in US Treasury Yields

The price of gold may continue to retrace the decline from the monthly high ($1959) as bullion largely tracks the rebound in longer-dated US Treasury yields.

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Bitcoin Price Forecast: Will Retail Traders Pile into Bitcoin Next?

Bitcoin bounced off support as other speculative favorites like GameStop, AMC and BlackBerry suffer staggering losses following invention from brokerages. Will Bitcoin benefit from the current clim...

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USD/JPY and GBP/JPY Outlooks - Strong Trends But Overbought Signals are Flashing

The Japanese Yen remains weak against the US dollar and Sterling and this trend may continue despite market conditions looking overbought.

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Key Risks for February: Bank of England and RBNZ Decisions in Focus

Bank of England to provide update on negative rates, while RBNZ could offer a surprise.

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Euro Forecast: EUR/USD Upside Capped, Germany Avoids Q4 Contraction

German GDP beats analyst estimates, while ECB steps up Euro jawboning.

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BTC/USD Price Forecast: Bitcoin Looking Vulnerable Before Elon Musk Stepped In

Bitcoin breaks above significance resistance as Elon Musk signals his support for the cryptocurrency

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Canadian Dollar Outlook: USD/CAD to Push Higher as Risk Appetite Fades

The Canadian Dollar may continue to come under pressure against the Greenback as risk appetite notably fades. However, falling coronavirus case numbers may ultimately limit CAD’s downside.

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Gold Prices May Fall as Market Rout Resumes, Boosting US Dollar

Gold prices may succumb to selling pressure if a broad-based market selloff resumes, boosting haven demand for the US Dollar. Upbeat PCE inflation data might encourage weakness.

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