Wednesday, 3 March 2021

Dow Jones & Nasdaq 100 Forecasts for the Week Ahead

Rising yields continue to weigh on equity markets but the Dow Jones remains near record levels regardless. Meanwhile, the Nasdaq 100 has extended beyond the February lows.

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NZD/USD Reverses Ahead of 50-Day SMA with Positive Slope Still Intact

The break above the 2018 high (0.7437) suggests the broader trend remains intact for NZD/USD as the 50-Day SMA (0.7207) still tracks a positive slope.

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Trading Forex at the News Release

Learn how to trade forex news at the release with our top news trading strategies

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Bitcoin (BTC/USD), Ether (ETH/USD) Bounce Back from Sell-Off

Bitcoin and Ether bounce back from last week’s minor pull-back

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Fibonacci Confluence on FX Pairs

Fibonacci levels can highlight key areas of support and resistance, but multiple Fibonacci levels in close proximity may provide even greater insight

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S&P 500, Oil, Bond Fund Flows Amid Recovery-Fueled Rise in Yields

S&P 500, Oil, and Bond ETFs have had mixed reactions to recent developments in the US macro outlook.

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USD/CAD Recovery Unravels Amid Failure to Hold Above 50-Day SMA

USD/CAD may continue to give back the advance from the February low (1.2468) as the exchange rate trades back below the 50-Day SMA (1.2718).

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EUR/USD Chops on ECB Confusion, Oil Prices Jump on OPEC Sources - US Market Open

Euro briefly trades above 1.21 as ECB sources point to calm over bond yields. Oil prices bounce back on OPEC.

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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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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...