Thursday, 4 March 2021

British Pound (GBP) Latest: GBP/USD to Remain Stable, No Response to UK Budget

GBP/USD continues to trade just under the 1.40 level, with no sign yet of either a break higher or a break lower. Wednesday’s UK Budget had little in it to affect GBP.

from DailyFX - Market News https://ift.tt/2OmzHqN
via IFTTT

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

from DailyFX - Market News https://ift.tt/3kLdLS1
via IFTTT

Wednesday, 3 March 2021

Dow Jones, S&P 500 Perched at Key Support as Attention Turns to Powell

Federal Reserve Chairman Jerome Powell’s upcoming speech may dictate the near-term trajectory of the US benchmark Dow Jones Industrial Average and S&P 500 equity indices.

from DailyFX - Market News https://ift.tt/3kH757L
via IFTTT

Gold Price Forecast: Long-Term Yields May Keep XAU/USD on the Backfoot

Positive vaccine progress, fiscal stimulus hopes and an unperturbed Federal Reserve may open the door for long-term Treasury yields to continue pressing higher, and in turn weigh on gold prices.

from DailyFX - Market News https://ift.tt/2Pp8BQ8
via IFTTT

Crude Oil Prices Eye OPEC+ after Inventory-Induced Bounce

Crude Oil prices found support after an EIA report showed a large draw in fuel products following a major US storm that dented refinery capacity. Thursday's OPEC meeting is in focus.

from DailyFX - Market News https://ift.tt/38aRA2R
via IFTTT

Australian Dollar Outlook: AUD/USD, AUD/NZD at Key Levels as Trade Data Looms

US equities moved lower as rising Treasury yields were back in focus. Meanwhile, the Australian Dollar faces key levels against the Greenback and New Zealand Dollar ahead of January trade data.

from DailyFX - Market News https://ift.tt/3rfX8AB
via IFTTT

Gold Price Swooning as Yields Rise Ahead of Powell Speech

Gold price action is getting slammed lower again with Treasury bond yields back on the rise, but will the upcoming speech from Fed Chair Powell reinvigorate precious metal bulls?

from DailyFX - Market News https://ift.tt/2OpfrF2
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3qdef4J
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3sGzRYE
via IFTTT

Trading Forex at the News Release

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

from DailyFX - Market News https://ift.tt/3qf0a6E
via IFTTT

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

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

from DailyFX - Market News https://ift.tt/3ea0scH
via IFTTT

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

from DailyFX - Market News https://ift.tt/3e44of9
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3uK9Nhc
via IFTTT

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).

from DailyFX - Market News https://ift.tt/3qcQo52
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3uLtiWV
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3sM254w
via IFTTT

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.

from DailyFX - Market News https://ift.tt/305TvB5
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3qilt7G
via IFTTT

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

Gold lacks fundamental support as it heads for new Fibonacci support

from DailyFX - Market News https://ift.tt/3sME2CC
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3qfEAPw
via IFTTT

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...