Fed Chair Powell spoke Wednesday about the state of the US labor market, discussing the need to remain accommodative in the coming months as the job market shows signs of a slowing recovery.
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Wednesday, 10 February 2021
Bullish AUD/USD Price Sequence Emerges on Break of Monthly Open Range
AUD/USD carves a bullish price sequence after breaking out of the opening range for February, with the RSI clearing the downward trend established earlier this year.
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USD/JPY Pops as BoJ Takes a Leaf Out of the ECB’s Currency War Book - US Market Open
USD/JPY pops, Euro gains set to continue, US CPI misses expectations.
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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 Outlook: Key USD/CAD, CAD/JPY Levels to Watch
Canadian Dollar rides the USD bearish trade. CAD/JPY momentum remains positive
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XAU/USD: Inflation Expectations Hint at Gold as Best Store of Value
Gold price attempts further upside as both fundamentals and technical s offer support
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Euro Price Outlooks - EURUSD Gaining on USD Weakness, EURGBP Falling on Sterling Strength
Two of the main Euro-pairs are being shifted around by conflicting forces, while the single-currency is trying to edge higher
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British Pound (GBP) Latest: GBP/USD Rising, Well Positioned to Climb Further
GBP/USD looks to be in demand having broken above 1.38 and a further advance, thanks to a persistently weak US Dollar, is now probable.
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Tuesday, 9 February 2021
US Dollar Forecast: USD/JPY Rebound at Risk with Inflation Data on Tap
The USD/JPY exchange rate is perched above key technical support with US inflation figures on tap, as fiscal stimulus progress and a dovish Federal Reserve weigh on USD.
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Crude Oil Prices Retreat in Asia as Demand Concerns Overweight Stimulus Hopes
Crude oil prices retreated slightly from a 12-month high during Wednesday’s APAC session as traders questioned the sustainability of the rally. Reflation expectations and stimulus hopes have likely...
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S&P 500, ASX 200, Nikkei 225 Forecast: Stimulus, Inflation Data in Focus
US equity indices hovered near record highs as investors awaited President Joe Biden’s US$ 1.9 trillion Covid-relief package. Asia-Pacific stocks are poised for a mixed open as the US Dollar retrea...
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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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US Dollar Outlook: GBP/USD Breakout Eyed as Risk Rally Prevails
US Dollar bulls succumbed to another wave of weakness on Tuesday as the reflation trade forges ahead. Does this tee up GBP/USD price action for a breakout?
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Dow Jones & Crude Oil Forecast: Will a Crude Oil Breakout Boost the Dow?
Energy stocks maybe benefit from a recent break higher in crude oil prices as the commodity pushes to its highest level since January 2020. Would a rise in energy stocks boost the Dow Jones?
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Silver Price Forecast: XAG/USD Bid Back Above 27 - Can SLV Hold?
Silver put in a pronounced breakout to start last week, but quickly broke down. Can bulls re-claim the 30 handle or is a larger reversal brewing ahead?
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Bitcoin Bulls Backed by Tesla, CME launches Ethereum futures
Tesla’s Bitcoin buy-in drives price action to fresh highs while Ether lags behind
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USD/CAD Snaps February Opening Range to Put Upward RSI Trend at Risk
USD/CAD snaps the opening range for February and the RSI may offer a bearish signal if the indicator fails to retain the upward trend from earlier this year.
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Currency Volatility Subdued, USD Drops, EUR & GBP Benefit - US Market Open
Safe-havens outperform as USD reverses. EUR tops 1.21 and GBP eyes 1.38
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Japanese Yen Latest: USD/JPY Reversal, EUR/JPY Coiling for a Breakout
USD/JPY rejects 200DMA, however, reversal may find dip buyers. EUR/JPY coiling for a breakout
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South African Rand Outlook: ZAR Robust Despite Vaccine Interruption
Confusion around vaccine efficacy has not stopped Rand bulls as USD/ZAR continues its push lower toward key support levels
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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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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...
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British Pound (GBP) Latest: GBP/USD Nudges Higher, FTSE 100 Picks-Up as President Trump Takes ActionThe British Pound is registering small opening gains and the FTSE 100 is nudging higher after US President Trump announced new COVID-19 aid ...