BoC expected to maintain current policy, however, accompanying statement is likely to acknowledge strong economic rebound.
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Tuesday, 9 March 2021
Bitcoin (BTC/USD), Ethereum (ETH/USD) Price Outlook - New All-Time Highs Near
The cryptocurrency market has digested recent selling and now looks primed for a fresh attempt at new all-time highs.
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CAC 40, FTSE MIB Continue Steady Pace Higher, Focus on ECB Response to Yields
European equities consolidate higher but investors will pay attention to Lagarde’s comments about bond yields at the ECB meeting on Thursday
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USD/ZAR Outlook: Upbeat South African GDP Data Bolsters Rand
SA GDP data came in better than expected which played into technical patterns featuring on the weekly chart. Could this be the stimulus needed for a short-term correction?
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British Pound (GBP) Latest: GBP/USD Rallying, Sterling Strong All-Round
The British Pound has been bolstered by a warning from the Bank of England Governor of rising inflation as the UK economy recovers from the slump caused by the Covid-19 pandemic.
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Monday, 8 March 2021
Euro Price Forecast: EUR/USD Perched Atop 200-MA with ECB In Focus
The divergent monetary policy outlooks of the European Central Bank and Federal Reserve may continue to drive the EUR/USD exchange rate in the near term.
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Silver Broke Key Trendline? WTI Brushed Aside Saudi Arabian Oil Facility Attack
Silver prices weakened amid a rising US Dollar, with XAG/USD eyeing a year-long rising trendline. Meanwhile, energy prices brushed aside an attack on a key Saudi Arabian oil facility.
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US Dollar Outlook: Treasury Yields May Continue Pressuring ASEAN, Emerging Market FX
The US Dollar may rise against ASEAN currencies like the Singapore Dollar and Indonesian Rupiah as longer-term Treasury yields climb. Will the BoC and ECB help cool bond markets?
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Dow Jones Extends Gains amid Tech Rout. Will Nikkei 225, ASX 200 Follow?
Wall Street saw another mixed session with the reflation theme dominating a sectoral rotation out from tech and into cyclical sectors. Rising yields may continue to weigh on tech sentiment across t...
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New Zealand Dollar May Fall Further as Stimulus-Driven Yield Climb Continues
Asia Pacific markets may see a bearish start to the session as Treasury yields continue to move higher on US stimulus spending. Meanwhile, Greenback strength pushed NZD/USD below a key technical le...
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Gold Price Outlook: Rising Yields Threaten Bull Flag Breakdown
Gold price action is flirting with a breakdown of its bull flag chart pattern as precious metals continue to face downward pressure due to rising real yields and a stronger US Dollar.
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Nasdaq 100, Dow Jones, S&P 500 Forecasts for the Week Ahead
Rising yields continue to weigh on equity markets but the Dow Jones remains near record levels as the Nasdaq 100 enters correction territory.
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FX Week Ahead - Top 5 Events: US Inflation; BOC & ECB Rate Decisions; UK GDP; Canada Jobs
The economic calendar is increasingly busy as we progress deeper into March.
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AUD/USD Rate Attempts to Retrace Post-NFP Decline to Defend 2021 Low
AUD/USD appears to be defending the 2021 low (0.7564) as the exchange rate attempts to retrace the decline following the US Non-Farm Payrolls (NFP) report.
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Bitcoin (BTC/USD), Ethereum (ETH/USD) Outlook: Will Stimulus Checks Buoy Crypto?
Bitcoin (BTC/USD) and Ethereum (ETH/USD) edged higher last week in attempt to rebound from their recent rout. Will stimulus checks support the cryptocurrency market amid US Dollar strength?
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Fibonacci for a Multi-Market Trader’s Approach
Fibonacci can help traders identify support and resistance levels in equity and stock markets, similar to forex and commodities markets.
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Mexican Peso Price Forecast: USD/MXN Breakout to Fibonacci Resistance
It's been a counter-trend type of year so far for USD/MXN. But with a key Fibonacci level coming into play following a falling wedge breakout - might the tides be nearing a turn?
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EUR/USD Rate on Cusp of Testing 200-Day SMA Ahead of ECB Rate Decision
EUR/USD is on the cusp of test the 200-Day SMA (1.1813) for the first time since May 2020 as the exchange rate fails to defend the January low (1.1952).
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Three Women Leaders Changing Finance, Economics and Business
To mark International Women’s Day on March 8, we are highlighting three women leaders who are steering financial, economic and business organizations through unprecedented change.
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USD/JPY Price Outlook: USDJPY Vulnerable to Pullback amid Bullish Surge
USD/JPY surged after a rise in US bond yields and a stronger US dollar. However the overbought RSI points to a potential near term pullback
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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...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...
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British Pound (GBP) Latest: GBP/USD Nudges Higher, FTSE 100 Picks-Up as President Trump Takes ActionThe British Pound is registering small opening gains and the FTSE 100 is nudging higher after US President Trump announced new COVID-19 aid ...