Sterling is trading either side of 1.4000 ahead of government plans to lift covid-19 restrictions. The plan is said to be data driven and cautious.
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Monday, 22 February 2021
Sunday, 21 February 2021
Euro Price Forecast: Stimulus Progress, Inflation Data to Buoy EUR/USD
US fiscal stimulus progress, Federal Reserve Chair Powell’s congressional testimony and positive inflation data may open the door for EUR/USD to extend its recent rebound.
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Gold Price Forecast: Rising Yields, USD and Powell's Testimony in Focus
Gold prices bounced off a key support level as the US Dollar retreated. Rising treasury yields may exert downward pressure on precious metals. Powell’s semiannual monetary policy report testimony i...
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US Dollar Forecast: Gaining Ground as ASEAN Weaken, Eyes on Fed Chair Powell
The US Dollar gained against most ASEAN currencies this past week, such as the Indonesian Rupiah and Philippine Peso. Will this continue? Eyes are on Fed Chair Jerome Powell.
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New Zealand Dollar Forecast: NZD/USD, NZD/JPY Levels Ahead of RBNZ
Better-than-expected economic data diminishes the chances of further easing from the RBNZ at its upcoming meeting and paves the way for NZD/JPY and NZD/USD to extend recent gains.
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S&P 500, Hang Seng, ASX 200 Outlook: Will Rising Yields Derail Stock Market's Upward Trajectory?
Asia-Pacific equities are poised for a mixed start as US equity benchmarks were little changed on Friday. Rising Treasury yields may exert pressure on risk assets as inflation expectations build.
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Australian Dollar Outlook: Rising Iron and Copper Prices to Bolster AUD/USD
The Australian Dollar is on the move higher as rising commodity prices help bolster sentiment. Australia's vaccine program also offers a price driver, with thousands slated for inoculations.
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Weekly Fundamental US Dollar Forecast: Mr. Powell Goes to Washington
Fed Chair Jerome Powell will head to Capitol Hill for two days of testimony to deliver the semi-annual Monetary Policy Report.
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Markets Week Ahead: Dow Jones, US Dollar, Crude Oil, Fed, Treasuries, NZD/USD, RBNZ
Market sentiment was a mixed bag as the Dow Jones gained but the Nasdaq Composite weakened. Crude oil prices turned lower. All eyes are on Fed Chair Jerome Powell amid rising longer-term Treasury r...
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Corporations Embrace Crypto, Boosting Bitcoin Price - Stock Market Forecast
Equity markets stumbled slightly last week but there are signs risk appetite lurks beneath the surface as corporations begin embracing cryptocurrency which has provided a boost to Bitcoin.
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Saturday, 20 February 2021
Mexican Peso Forecast: Contingent on Energy Shortages and US Yields
USD/MXN breaks its downtrend as energy shortages from the US cause concern for the Mexican economy.
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Australian Dollar Outlook: Uptrend Resuming as Global Recovery Bets Follow?
The Australian Dollar resumed its uptrend as traders betted on a gradual economic recovery from the coronavirus. Will Fed Chair Jerome Powell be asked about rising Treasury yields?
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Euro Forecast: EUR/USD Week Ahead Outlook Poor, EUR/GBP Tumbling
EUR/USD has broken lower and will likely slip further in the coming week while EUR/GBP shows no sign of stabilizing as its slump continues.
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Gold Versus Real Yields: Are Inflation Bets Fully Priced Into XAU/USD?
Rising real yields are pressuring the yellow metal and the inflation-adjusted price of gold is already near historical highs. Where next for XAU/USD?
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Friday, 19 February 2021
Bitcoin Price Forecast: BTC/USD Pushes to New Heights Amid Corporate Adoption
After breaking above $50,000 for the first time ever, Bitcoin has pushed higher still as US corporations wade into the cryptocurrency space. Can new entrants prolong the remarkable rally?
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South Africa Rand Forecast: USD/ZAR, GBP/ZAR, EUR/ZAR Price Levels
Rand resilience remains but next week’s budget speech could be a key driver of short-term price action
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GBP/USD Weekly Forecast: How Much Higher Can GBP/USD Go?
GBP/USD breaking out to near 3 year highs at 1.40, but how much further can this GBP rally go?
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Gold Price Forecast: Death Cross Emerges as November Low Gives Out
A ‘death cross’ formation appears to have taken shape in the price of gold as the 50-Day SMA ($1851) crosses below the 200-Day SMA ($1857).
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Solid February PMIs Mark Highest Services Activity Since 2015, US Dollar Firms
Manufacturing activity fell right in line with expectations and Services activity rose to its highest level since March of 2015, demonstrating the resilience of the US economy.
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A Year on Since the COVID Crash, Are the ECB Tolerating Euro Strength? - US Market Open
Risk sentiment continues to feel the weight of the recent spike higher in global bond yields.
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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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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...