Wednesday, 10 February 2021

Gold, Silver Forecast: Real Rates, Weak USD May Underpin XAU, XAG

Climbing inflation expectations, falling real rates of return, and a weaker US Dollar may bolster precious metal prices and pave the way for gold and silver to move higher.

from DailyFX - Market News https://ift.tt/2NdHA11
via IFTTT

Dow Jones, Hang Seng, ASX 200 Outlook: Chinese New Year Bringing Lower Liquidity

Asia-Pacific equities look set to open lower following a mixed session on Wall Street. Chinese stock markets are shut for the week-long Chinese New Year holiday, while HK is trading half-day. Weake...

from DailyFX - Market News https://ift.tt/3jEQLUr
via IFTTT

US Dollar Outlook: USD/MXN Volatility to Rise as Banxico Looms

US Dollar bears took a breather during Wednesday's trading session while market sentiment softened. USD/MXN looks ripe for volatility in light of the Banxico rate decision due.

from DailyFX - Market News https://ift.tt/3tLQBPL
via IFTTT

Gold Price Forecast: XAU/USD Runs into Resistance, Will it Reverse Lower?

Gold has endured a volatile February thus far after suffering a rapid decline to start the month followed by an about-face that saw most losses recouped. Now encountering resistance, will gold reve...

from DailyFX - Market News https://ift.tt/3aSZcaH
via IFTTT

Oil Price Eyes Channel Resistance as Inventories Fall for Third Week

The price of oil approaches the upper bound of the ascending channel established in November as US crude inventories contract for the third consecutive week.

from DailyFX - Market News https://ift.tt/3rGMvGN
via IFTTT

Fed Chair Powell Maintains Cautious Outlook, Dollar Slightly Stronger

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.

from DailyFX - Market News https://ift.tt/3tOnX0f
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3aQH69f
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3aPcSnb
via IFTTT

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.

from DailyFX - Market News https://ift.tt/38yXQ5q
via IFTTT

Canadian Dollar Outlook: Key USD/CAD, CAD/JPY Levels to Watch

Canadian Dollar rides the USD bearish trade. CAD/JPY momentum remains positive

from DailyFX - Market News https://ift.tt/3q7YDA1
via IFTTT

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

from DailyFX - Market News https://ift.tt/3jz4o7s
via IFTTT

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

from DailyFX - Market News https://ift.tt/3tLhIuk
via IFTTT

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.

from DailyFX - Market News https://ift.tt/2NeqShW
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3rJl0fP
via IFTTT

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...

from DailyFX - Market News https://ift.tt/3aS69Ja
via IFTTT

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...

from DailyFX - Market News https://ift.tt/3cY5mJh
via IFTTT

Moving Average (MA) Explained for Traders

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

from DailyFX - Market News https://ift.tt/2VP0mNf
via IFTTT

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?

from DailyFX - Market News https://ift.tt/3a4zDnI
via IFTTT

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?

from DailyFX - Market News https://ift.tt/3cWwkRn
via IFTTT

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?

from DailyFX - Market News https://ift.tt/3aQrJ0E
via IFTTT

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...