Tuesday, 9 March 2021

Bitcoin Price Approaches All-Time High, is a New Record Ahead?

Bitcoin has moved within reach of record levels after recovering from its brief pullback last month. With the fundamental landscape unchanged and an improved technical picture, BTC might try at new...

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USD/CAD Tracks March Opening Range Ahead of BoC Rate Decision

USD/CAD tracks the opening range for March ahead of the Bank of Canada (BoC) rate decision as the exchange rate pulls back from the 50-Day SMA (1.2702).

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Sentiment Indicators: Using IG Client Sentiment

IGCS is derived from actual data driven by live traders. Learn how to use IGCS as a technical indicator to compliment a multitude of approaches.

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Find Your Forex Entry Point: 3 Entry Strategies To Try

Deciding when to enter a trade can be complex because of the many variable inputs that move the forex market.

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Central Bank Watch: Fed Speeches, Interest Rate Expectations Update

The Fed is now in its pre-meeting communications blackout period. Here’s what policymakers were saying before the curtain dropped.

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Gold Price Forecast: Gold Jumps, Bear Market Bounce or Something More?

Gold has lost as much as 14.41% so far in 2021, is it finally nearing a turn? Or is this a mere pullback/pause in a bigger picture bearish trend?

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Mexican Peso Forecast at Inflection Point - Levels for MXN/JPY, USD/MXN

Rising US Treasury yields have proved a nuisance to EM FX rates. However, MXN-crosses could be at a turning point.

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NZD/USD Rate Snaps Bearish Price Series to Defend 2021 Low

NZD/USD may continue to defend the 2021 low (0.7096) as the exchange rate snaps the series of lower highs and lows from the previous week.

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US Dollar Rally Halts, Gold Bounces Back - US Market Open

Choppy trading conditions sees USD rally on hold. Gold prices given much needed support from softer yields.

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Market Sentiment Positive, Strong USD Dominating Trading | Webinar

Traders are confident of a global economic recovery, perhaps leading to higher inflation. That has boosted US Treasury yields and the resulting strength of the US Dollar is affecting all the markets.

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Bank of Canada Preview: Canadian Dollar Awaits BoC Decision

BoC expected to maintain current policy, however, accompanying statement is likely to acknowledge strong economic rebound.

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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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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...