Thursday, 18 February 2021

Dow Jones, Nasdaq 100 Forecast: Fading Momentum Could Trigger Pullback

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.

from DailyFX - Market News https://ift.tt/3qDgSh9
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3udQ891
via IFTTT

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...

from DailyFX - Market News https://ift.tt/3scdM4d
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3s0whZ8
via IFTTT

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?

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

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.

from DailyFX - Market News https://ift.tt/3scFjm9
via IFTTT

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?

from DailyFX - Market News https://ift.tt/2NmF20V
via IFTTT

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).

from DailyFX - Market News https://ift.tt/3dqQ3sE
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3bm0jQv
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3puQG6Z
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3jXm4di
via IFTTT

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.

from DailyFX - Market News https://ift.tt/2ZGo7cx
via IFTTT

New Zealand Dollar Forecast: Trading the RBNZ Next Week

RBNZ to acknowledge firmer footing in domestic economy. NZD strength remains a concern for RBNZ

from DailyFX - Market News https://ift.tt/37pO308
via IFTTT

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.

from DailyFX - Market News https://ift.tt/37szRTY
via IFTTT

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

from DailyFX - Market News https://ift.tt/3s3eGjl
via IFTTT

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.

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

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.

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

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.

from DailyFX - Market News https://ift.tt/3ds7AAP
via IFTTT

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?

from DailyFX - Market News https://ift.tt/2Zo6CgK
via IFTTT

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...

from DailyFX - Market News https://ift.tt/3beYRz9
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...