Friday, 12 March 2021

GBP/USD Weekly Forecast: GBP Volatility Rising Ahead of FOMC & BoE Decisions

GBP/USD trades in choppy fashion as US yields dictate the current state of play.

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March Consumer Sentiment Rises to Pandemic High, USD Stronger

The Consumer Sentiment Index rose in March to its highest level since the onset of the pandemic as stimulus, reopenings, and vaccination rollouts spur an improving economic outlook.

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Canadian Dollar (CAD) Spikes After Jobs Report Smashes Expectations

Canadian Dollar jumps on stellar employment report. USD/CAD hits session lows.

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EUR/USD Price Breakdown Set to Continue as Germany Warns of Third Pandemic Wave

The single currency is likely to weaken further in the coming weeks after the German Health Agency warned of an impending third coronavirus wave.

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Australian Dollar Forecast: Key AUD/USD, EUR/AUD Levels to Watch

US bond yield fluctuations offers more two way price action for AUDUSD. EURAUD downtrend intact.

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DAX 30 Forecast: Indecision Creeps in as ECB Promises Disappoint

DAX 30 reverses sentiment as the ECB meeting lacks enough commitment to yield curve control

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Thursday, 11 March 2021

British Pound (GBP) Latest: GBP/USD Underpinned by Better-Than-Expected UK GDP Data

The UK economy contracted by 2.9% in January, beating market estimates of a 4.9% contraction. Sterling trades around 1.3950 against the US dollar.

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Crude Oil Hampered by OPEC Demand Outlook, Gold Price Eyeing PPI Data

Crude oil prices could be at risk of a near-term pullback as OPEC trims second-quarter demand estimates, while gold may extend gains on a softer-than-expected US PPI report.

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How to Learn Technical Analysis with DailyFX

Getting started in technical analysis can seem daunting but understanding the basics will build a solid foundation. Learn more...

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Nasdaq Rebound May Lead Hang Seng, ASX 200 Higher amid Tech Rally

Wall Street stocks had a “risk on” session overnight as a rally in the tech sector sent the S&P 500 and Dow Jones to record highs. Asia-Pacific equities are eyeing gains amid favorable sentiment.

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Australian Dollar Forecast: US Stimulus Boosts AUD/USD to Key Trendline

A $1.9 trillion stimulus relief package was signed into law one day earlier than expected, boosting gains on Wall Street. The risk-on move bolstered AUD/USD higher as it takes aim on recapturing a ...

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US Dollar Outlook: DXY & VIX Index Drilled, Stimulus Incoming

The US Dollar extended its pullback during Thursday’s trading session with weakness shown against nearly all FX peers. Will the DXY and VIX ‘fear-gauge’ slide further as stimulus is dished out?

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S&P 500 Forecast: Fund Flows Reveal Tech, Treasury and Gold Weakness

Tech stocks and US Treasury funds show signs their routs are losing steam while gold continues to display signs of weakness.

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AUD/USD Bullish Price Series Emerges After Defending 2021 Low

AUD/USD trades back above the 50-Day SMA (0.7737) as the exchange rate carves a series of higher highs and lows after defending the 2021 low (0.7564).

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As a New Retail Trader Age Rises, Heed Tales of Past Manias

In spring 2020, the temporary closures of professional sports leagues during the initial coronavirus pandemic lockdown anointed a new class of retail traders in financial markets.

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Bitcoin (BTC/USD) Threatens Push Up to Fresh All Time Highs

Bitcoin prices continue to soar, but can bulls force a break of February’s high?

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Buyer Beware: Why Retail Traders Should Carefully Consider Their Broker

The rise in retail trading amid the coronavirus pandemic has seen brokerages fall under increased pressure with some struggling to cope. How safe is your broker?

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USD/CAD Pullback from 50-Day SMA Leads to Break of March Opening Range

USD/CAD snaps the monthly opening range for March ahead of the update to Canada’s Employment report as it continues to pullback from the 50-Day SMA (1.2694).

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Ranking the biggest factors affecting the performance of the CAC40

Find out how economic, political and unforseen events have an impact on France's most influencial benchmark

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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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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...