Wednesday, 3 March 2021

GBP/USD & FTSE 100 React to Latest UK Budget Announcement

UK Chancellor announces the latest UK Budget. GBP outlook to remain positive as pro-growth budget underpins.

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Forex Vs Stocks: Top Differences & How to Trade Them

Learn the main differences between forex and stocks to understand the best market to trade based on your trading style and strategy.

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Bitcoin (BTC/USD), Ethereum (ETH/USD) Rallying Sharply as the Bulls Wrestle Back Control

The cryptocurrency market has seemingly absorbed all of last week’s selling interest and is now pushing ahead strongly with new all-time highs the target.

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Gold Price Forecast: XAU/USD Consolidates Ahead of New Push Lower

Gold lacks fundamental support as it heads for new Fibonacci support

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British Pound (GBP) Latest: GBP/USD to Shrug Off UK Budget

The UK Budget later this session will be a major political event but is not likely to affect Sterling, although the currency could move on the accompanying economic forecasts.

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Tuesday, 2 March 2021

US Dollar Price Forecast: USD Rebound Fading as Real Yields Turn Lower

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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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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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...