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.
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Wednesday, 10 February 2021
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...
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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.
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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...
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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.
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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.
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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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Posts (Atom)
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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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....