Tuesday, 9 March 2021

Gold Price Forecast: Vulnerable to a Pullback as Yield Resurges. US Inflation Data in Focus

Gold prices are susceptible to another pullback after bouncing from a nine-month low on Tuesday. Resurgence in longer-term Treasury yields and the US Dollar may weigh on bullion.

from DailyFX - Market News https://ift.tt/30wwFmq
via IFTTT

Natural Gas Prices May Rise on Colder Weather Forecast, EIA Inventory in Focus

Natural gas prices may reverse higher on a colder weather outlook if this week's EIA inventory report shows a sizeable drop in storage levels.

from DailyFX - Market News https://ift.tt/3l3bFxm
via IFTTT

S&P 500, Hang Seng, ASX 200 Outlook: Tech Rebound to Send Stocks Higher

Asia-Pacific equities are poised for a strong opening following a decent rebound in US tech stocks overnight. The US Dollar index retreated alongside the 10-year yield, alleviating pressure on risk...

from DailyFX - Market News https://ift.tt/3l2ULio
via IFTTT

Nasdaq 100 Surges As Treasury Yields Recede. NZD/USD Aims Higher

The recent rotation in US equities reversed on Tuesday as the Nasdaq 100 surged north of 4.0%. Meanwhile, the New Zealand Dollar takes aim at recapturing a major trendline as the Greenback weakens.

from DailyFX - Market News https://ift.tt/3l4Xw2r
via IFTTT

US Dollar Outlook: EUR/USD Volatility Looks to Inflation Data Due

The US Dollar pivoted broadly lower on Tuesday as Treasury yields peeled back from their recent spike. EUR/USD price volatility could intensify around monthly inflation data on deck for release.

from DailyFX - Market News https://ift.tt/3t4tgYu
via IFTTT

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...

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

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).

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

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.

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

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.

from DailyFX - Market News https://ift.tt/3nTLr0h
via IFTTT

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.

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

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?

from DailyFX - Market News https://ift.tt/3qAs2Cl
via IFTTT

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.

from DailyFX - Market News https://ift.tt/38rmG6e
via IFTTT

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.

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

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.

from DailyFX - Market News https://ift.tt/2PJdi7z
via IFTTT

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.

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

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.

from DailyFX - Market News https://ift.tt/3t8Xutr
via IFTTT

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.

from DailyFX - Market News https://ift.tt/3qx30UR
via IFTTT

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

from DailyFX - Market News https://ift.tt/3qw9eEz
via IFTTT

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?

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

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.

from DailyFX - Market News https://ift.tt/38nUDVi
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...