The US Dollar’s recent recovery against its major counterparts may prove short-lived as US real rates turn lower ahead of Federal Reserve Chair Jerome Powell’s upcoming speech.
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Tuesday, 2 March 2021
Copper Price Forecast: Bull Case to Prevail on Robust Supply and Demand Drivers
Copper is on track to make a sixth consecutive monthly gain as prices inch towards its all-time high. The global backdrop remains supportive despite a short-term pause in the rally.
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AUD/USD Eyes February High After Australian Q4 GDP Beat
The AUD/USD pair climbed towards February peaks after Australian Q4 GDP data beat expectations. Growth declined 1.1% (YoY) while rising 3.1% (QoQ) versus -1.9% and 2.5% estimated respectively.
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USD/CAD May Move Lower on USD Weakness Despite Crude Oil Breakdown
US equities failed to extend gains from Monday as Treasury yields aesed. Elsewhere, the Canadian Dollar gained versus the Greenback despite falling crude oil prices.
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ASX 200, Nikkei 225 Edge Lower as Risk Sentiment Remains Mixed
The ASX 200 and Nikkei 225 have pulled back from their pandemic highs following late February’s bond market volatility.
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Bitcoin (BTC/USD), Ethereum (ETH/USD) Caught Between Key Moving Averages
Bitcoin price action attempts to rebound from its recent selloff alongside Ethereum, but the cryptocurrency market still faces downward pressure. Where might BTC/USD and ETH/USD head next?
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Gold Price Forecast: XAU/USD Clings to Support After Steep Losses
Gold is clinging to support around the $1,715 mark after plummeting nearly $100 in the last two weeks. Alongside a modest decline in US Treasury yields, gold might look to inch higher in the days a...
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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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EUR/USD Rate Forecast: Euro Rebound Emerges After Defending 2021 Low
EUR/USD may continue to retrace the decline from the February high (1.2243) as the exchange rate appears to be defending the yearly low (1.1952).
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Central Bank Watch: BOC, RBA, & RBNZ Interest Rate Expectations Update
Rising bond yields and appreciating currencies are front-and-center for the commodity currency central banks.
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Japanese Yen Outlook: USD/JPY Bull Run Faces Stern Resistance
The USD/JPY pair has advanced tremendously in the first two months of 2021 but the bull run looks to be showing signs of fatigue
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AUD/USD Forecast: Rebound from February Low Fueled by Upbeat RBA
AUD/USD extends the rebound from the February low (0.7692) after testing the 50-Day SMA (0.7718) for the second time in 2021.
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Market Positioning Data Show Retail Traders Long Silver and Gold | Webinar
IG client sentiment data show retail traders are overwhelmingly long both silver and gold, and from a contrarian perspective that’s sending bearish signals for both precious metals.
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Natural Gas Outlook: McKinsey Forecasting Long-Term Demand for LNG
Natural Gas is holding just under the key 3.0000 level as technical patterns unfold.
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Gold Price Forecast: Gold Bulls Last Line of Defence
Rising yields and US Dollar creates a weak environment for gold.
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IBEX 35 Bulls Show Resilience as Summer Holiday Forecasts Improve
Spanish stocks are holding strong as the country holds on to hopes that international tourism could return this summer
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Euro Forecast: EUR/USD Struggling to Keep Hold of 1.2000 as the US Dollar Pullback Continues
A strong US dollar and a poor set of German retail sales figures have left EUR/USD close to breaking back below 1.2000 again.
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British Pound (GBP) Latest: GBP/USD to Extend Near-Term Downtrend
GBP/USD has been edging lower in the past few sessions, hit by a stronger US Dollar, and could well slip further near-term as USD benefits from hopes of a strong US recovery.
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Implied Volatility: What is it & Why Should Traders Care?
Implied volatility, synonymous with expected volatility, is a variable that shows the degree of movement expected for a given market or security.
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Monday, 1 March 2021
Gold Prices at Risk, Crude Oil Sinks But Broader Uptrend Remains Intact
Gold and crude oil prices started off the week on a sour note. While both are at risk of further losses, the broader uptrend in WTI remains intact ahead of the OPEC+ meeting.
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Posts (Atom)
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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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....