Deciding when to enter a trade can be complex because of the many variable inputs that move the forex market.
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Wednesday, 24 February 2021
Euro Price Outlook - Stuck in Sideways Pattern for Now, Pushing Against Resistance
The single currency remains in a holding pattern against the US dollar with little reason to make a break, one way or the other.
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British Pound (GBP) Latest: GBP/USD Strength to Persist, Correction Possible First
GBP continues to strengthen all round and further gains look likely, although GBP/USD is now looking overbought so a correction is possible before its advance resumes.
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Tuesday, 23 February 2021
US Dollar Price Outlook: Dovish Powell, Stimulus Vote to Weigh on USD
Dovish commentary from Federal Reserve Chairman Jerome Powell and the impending provision of additional fiscal support will probably keep USD on the backfoot against its counterparts.
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Gold and Silver Price Forecast: Treasury Rates, Negative Yielding Debt Pressure Prices
Gold and silver prices are finding relief following a lull in rising Treasury yields. But, pressure still remains amid a decline in negative yielding debt.
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New Zealand Dollar Forecast: NZD/USD Rises After RBNZ Holds Rates Citing Strong Economy
The New Zealand Dollar moved higher following the RBNZ's decision to hold interest rates at 0.25%, as expected. RBNZ Governor Adrian Orr is slated to speak shortly, which could further dictate NZD ...
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USD/CAD Downtrend Resumes as Powell Calms Stock Market, Nikkei 225 at Risk
The Canadian Dollar extended gains as Fed Chair Jerome Powell quelled market volatility. Japan’s Nikkei 225 may gap lower, with NZD/USD eying the RBNZ during the APAC session.
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Euro, Dollar, & Pound Lead the Charge Against the Swiss Franc
Major G10 currencies broke out against the Swiss Franc, even as Fed Chair Jerome Powell's testimony put the US Dollar under further pressure.
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US Dollar Outlook: NZD/USD Volatility Spikes Ahead of RBNZ
The US Dollar traded mixed on Tuesday as bulls attempt to defend a critical support level on the broader DXY Index. NZD/USD price volatility looks primed to accelerate with the RBNZ rate decision due.
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British Pound Price Forecast: Will Resistance Stop the GBP/USD Rally?
GBP/USD has extended higher this week, adding to weeks of gains as it surges toward longstanding resistance from 2018. Will resistance spark a reversal lower in GBP/USD?
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Nasdaq 100 Suffers Breakdown as Dow Jones Treads Water - Stock Market Forecast
The recent rotation from growth to value stocks may be set to continue after the Nasdaq 100 suffered a significant technical breakdown while the Dow trades near record levels.
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Central Bank Watch: Fed Speeches, Interest Rate Expectations Update
Fed Chair Powell isn’t the only Fed official in the news. But the message has been resoundingly clear: the Fed isn’t raising rates anytime soon.
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How to Short Sell a Stock When Trading Falling Markets
Short selling is a great way to trade on a falling market. Learn how to short stocks
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How to Trade Forex News: An Introduction
Find out the essentials of trading the news with this introductory guide to forex news trading
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Euro Forecast: EUR/JPY, EUR/USD Remain Poised for Gains; EUR/GBP Eyes March 2020 Low
Each major EUR-cross has its own story to tell.
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US Dollar Tests Key Support: EUR/USD, GBP/USD, AUD/JPY
The US Dollar is dangling on the cliff of a potentially large break down. But can USD bears do the pushing required?
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Nasdaq, S&P 500 Recover as Powell Testimony Echoes Dovish Fed
Stocks are still trading in the red so far today, but the Nasdaq is bouncing back with the S&P 500 thanks to reassuring comments from Fed Chair Powell during his semi-annual congressional testimony.
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February Consumer Confidence Beats Expectations, US Dollar Weaker
The Consumer Confidence Index edged higher for the month of February, hitting its highest level since November. As the economic recovery continues and the reflation trade takes hold, rising yields ...
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USD/CAD Rate Remains Vulnerable Following Break Below January Low
The recent rebound in USD/CAD appears to have been a correction in the broader trend rather than a change in behavior as the exchange rate trades to fresh 2021 lows.
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Where Next for Nasdaq, Bitcoin, Other Assets? – Market Sentiment Webinar
Trader confidence in the assets that have risen sharply in recent weeks has dissipated, but the current downturn could be a healthy correction prior to a resumption of the previous advance.
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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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The US Dollar soared against the Indonesian Rupiah, with USD/IDR eyeing its best month since the 1997 Asia financial crisis amid the coronav...