Thursday, 4 March 2021

Central Bank Watch: BOE & ECB Interest Rate Expectations Update

Against the backdrop of rising bond yields, both the Bank of England and European Central Bank will meet over the next two weeks.

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OPEC Latest: Crude Oil Price Set-Up Ahead of OPEC Meeting

All eyes on the OPEC meeting for the oil complex where the cartel is expected to boost oil production.

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FTSE 100 Forecast: Holding Steady Mid-Range, Bond Yields Rise Again

Tech stocks drop amid a renewed sell-off in US bonds, putting pressure on the Federal Reserve

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Japanese Yen Outlook: USD/JPY Fosters as Focus Shifts to Powell Speech

Investors continue to snap up U.S. Dollars after rising bond yields as well as optimism around the U.S. economic recovery. USD/JPY extends as Japanese Yen loses favor.

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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.

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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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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.

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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.

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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.

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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.

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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?

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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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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...