Wednesday, 17 February 2021

EUR/USD Rate Pullback Emerges Ahead of Account of ECB Meeting

The broader outlook for EUR/USD remains constructive ahead of the account of the ECB meeting as the rate breaks out of the descending channel from earlier this year.

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What Does a Forex Spread Tell Traders?

Improve your knowledge of the spread, which is based on the buy and sell price of a currency pair.

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South African Rand Dollar Forecast: USD/ZAR Humbles Bears, Treasury Yields Climb

Rising US Treasury Yields weigh on the Rand, pushing price action higher

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DailyFX Forex Trading Course Walkthrough: Part One

While the FX market shares many similarities with other markets, there is considerable nuance that one will want to learn when getting started in Foreign Exchange.

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Top 8 Forex Trading Strategies and their Pros and Cons

Compare the pros and cons of different forex strategies, from day trading to position trading.

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Oil Price to Hold Above Pre-Pandemic Levels on Overbought RSI Reading

The persistent overbought reading in the Relative Strength Index (RSI) may continue to coincide with higher oil prices like the behavior seen earlier this year.

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US Dollar Rises, Gold Extends Drop After Surging US Retail Sales

US Dollar extends rise after stellar US Retail sales data. Gold remains pressured and yields tick higher.

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Australian Dollar Forecast: AUD/USD Awaits Australian Jobs Report for Direction

Soaring US yields lends support to USD, however, AUD/USD bias remains support on dips.

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FTSE 100 Stuck Below 6,800 as Investors Monitor Inflation

The FTSE 100 hits resistance at 6,800 as energy rally cools off and inflation expectations rise

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Gold Price Outlook - Slumping Into Important Support Levels as US Bond Yields Jump

The recent pick-up in US bond yields and the US dollar is hitting gold hard with XAU/USD now trading back below $1,800/oz. and looking set to move lower

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British Pound (GBP) Latest: GBP/USD Correction Due, UK Inflation Beats Expectations

GBP/USD looks ripe for a correction lower as USD climbs on rising Treasury yields; the latest UK inflation data came in higher than economists had predicted.

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Tuesday, 16 February 2021

Canadian Dollar Outlook: Inflation Data to Dictate USD/CAD, CAD/JPY

Canadian inflation figures for January may dictate the near-term trajectory of USD/CAD and CAD/JPY rates, as surging oil prices put a premium on the commodity-sensitive Loonie.

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Gold, Crude Oil Forecast: Rising Yields and Stronger USD Exert Pressure

Gold prices extended lower as the US Dollar gained alongside Treasury yields. Crude oil prices retreated from a 12-month high despite output disruptions in Texas as a cold blast swept the region.

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Natural Gas Prices Boom as Major Storm Pushes US Power Grids to Limit

Natural gas prices surged higher this week after a major storm caused chaos throughout the southern and central United States. Now, another weather system is threatening the southern US, which may ...

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Bitcoin (BTC) Outlook: BTC/USD Challenging $50,000, Where to Next?

Although Bitcoin’s long-term outlook remains overtly bullish, recent price action suggests that a short-term pullback could be in the offing.

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Dow Jones, Hang Seng, ASX 200 Outlook: Rising Yields May Weigh on Prices

Asia-Pacific equities look set to open lower as US index futures declined in early trading hours. Rising US Treasury yields and a stronger US Dollar may exert downward pressure on risk assets and c...

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AUD/USD Nears Support Level after Safe-Haven Flows Boost US Dollar

AUD/USD is approaching a level of support after safe-haven flows boosted US Dollar strength. A risk-off tone dragged Wall Street indexes lower with the Dow Jones being the exception as it rose to a...

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S&P 500 Forecast: SPY ETF Clocks Outflows Alongside Gold, Treasury Funds

Exchange traded fund data reveals net outflows for the S&P 500-tracking SPY ETF. Meanwhile, investors have also pulled capital from funds with exposure to safe haven assets like gold.

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NZD/USD Rate Outlook Mired by Failure to Test January High

NZD/USD appears to have reversed course ahead of the January high (0.7315) as the US Dollar appreciates against its major counterparts.

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British Pound Technical Analysis: GBP/USD, GBP/JPY, EUR/GBP

Sterling continues with a spring in its step as the British Pound has driven to fresh highs against USD, JPY and the Euro. Can Cable continue to climb?

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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...