The notable steepening of the yield curve may trigger a short-term pullback for the Dow Jones and Nasdaq 100, despite the Federal Reserve reiterating its dovish stance.
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Thursday, 18 February 2021
Crude Oil and Gold Prices Drop into the Weekend, Setting Course for Deeper Losses?
Crude oil prices fell on bets of Texas restoring production as the US opened the door to returning to the 2015 Iran Nuclear Deal. Gold is also weakening, facing its lowest since June.
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S&P 500 Leads Hang Seng, ASX 200 Lower as Technical Correction Kicks in
Asia-Pacific equities look set to trade lower amid “risk off” sentiment, following a sour session on Wall Street overnight. All three major US indices pulled back from recent highs as profit-taking...
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New Zealand Dollar Forecast: NZD/USD May Climb Despite Rising Treasury Yields
Wall Street moved lower on Thursday as rising Treasury yields pressured equity prices. Still, the risk-sensitive New Zealand Dollar appears poised for gains with a bullish technical picture.
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Gold Price Drops as Treasury Yields Rise, Will XAU/USD Fall Further?
Gold reversed lower this week after encountering technical resistance and rising Treasury yields. With the reflation trade in full swing, will gold fall further?
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GameStop Frenzy Leaves Wall Street, Heads to Capitol Hill
The attention of Wall Street turned to Capitol Hill as various parties involved in the infamous GameStop short-squeeze testified for the House Financial Services Committee.
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Nasdaq 100 & Dow Jones Seek Support Amid Declines - Stock Forecast
The Nasdaq 100 and Dow Jones have suffered modest declines this week which has sent the two indices seeking technical support. Can support provide a springboard for a reversal higher?
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USD/CAD Rate Rebound Unravels Following Test of 50-Day SMA
USD/CAD pares the rebound from the monthly low (1.2610) as the exchange rate struggles to climb back above the 50-Day SMA (1.2744).
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Central Bank Watch: BOC, RBA, & RBNZ Interest Rate Expectations Update
Rising growth and inflation expectations have started to spook growth-related assets, including aspects of the FX world.
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Bitcoin, Ethereum Price Forecast: BTC, ETH Still Showing Strength
Bitcoin and Ethereum have continued to show strength, even as Gold has pushed down to fresh lows.
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AUD/USD Eyes Monthly High as RSI Approaches Trendline Resistance
The RSI may indicate a further appreciation in AUD/USD as the oscillator appears to be on track to take out the bearish trends from earlier this year.
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S&P 500 Challenged by US Rates, GBP Bulls Charge, Eyes on AUD/NZD - US Market Open
Risk sentiment continues to feel the weight of the recent spike higher in global bond yields.
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New Zealand Dollar Forecast: Trading the RBNZ Next Week
RBNZ to acknowledge firmer footing in domestic economy. NZD strength remains a concern for RBNZ
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US Dollar Holding Recent Gains, EUR/USD Remains Under Pressure
The US dollar is holding onto most of its recent gains as US President Joe Biden continues to push for an out-sized stimulus plan to re-boot the American economy.
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Bitcoin Forecast: BTC/USD Holds Above 50,000, Attracts Investors Looking for Higher Returns
Bitcoin sees flows from non-yielding assets but volatility could be a bad thing
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Japanese Yen Outlook: USD/JPY Holding at Support Ahead of Inflation Data
USD/JPY could be overextended with technical signals pointing to short-term price reversal, while fundamentals scheduled later today could provide upcoming volatility.
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British Pound (GBP) Latest: GBP/USD to Head Lower, EUR/GBP Lower Too
US Dollar strength and the consequent drop in currencies like AUD, NZD, GBP, EUR and CAD will likely resume after a brief round of profit-taking.
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Wednesday, 17 February 2021
Euro at Risk Ahead of ECB Minutes as Traders Assess Treasury Yields
The Euro may be at risk ahead of the ECB meeting minutes. Market mood is cautiously pessimistic heading into European hours as investors assess rising longer-term Treasury rates.
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Silver Prices May Continue Outpacing Gold Despite Rising Inflation Bets
Gold prices continue to move lower despite rising inflation bets. Investors have been friendlier towards silver over the same period, however. Why is there a disconnect?
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Dow Jones, ASX 200, Nikkei 225 Forecast: Chinese Market Reopen in Focus
Asia-Pacific stocks are poised for a mixed open as the US Dollar extended gains amid strong retail sales and higher inflation data. The Fed meeting minutes revealed little urgency for tapering. Chi...
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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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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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Gold managed to trade higher on Tuesday, maintaining its bullish run ahead of key US growth and PCE inflation data. Subdued gold volatility ...