XAU/USD price action caught a much-needed bid this past week as gold pushed higher thanks to help from a slightly softer US Dollar. Will the Fed meeting on deck spark another precious metal selloff?
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Saturday, 13 March 2021
US Dollar Outlook Hinges on Federal Reserve Forward Guidance
Fresh forecasts coming out of the Federal Reserve are likely to influence the US Dollar as Fed officials are slated to update the Summary of Economic Projections (SEP).
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DailyFX Forex Trading Course Walkthrough: Part One
While the FX market shares many similarities with other markets, there is considerable nuance that one will want to learn when getting started in Foreign Exchange.
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Friday, 12 March 2021
New Zealand Dollar Forecast: NZD/USD Rebound Hinges on FOMC Meeting
The New Zealand Dollar has regained lost ground against the US Dollar in recent days and remains poised to continue pushing higher. However, the upcoming FOMC rate decision may ultimately define th...
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Australian Dollar Risks Wilting if Fed Remains Sanguine on Treasury Yields
The Australian Dollar is aiming to resume its uptrend, but the Fed and its take on the bond market still poses a risk to it ahead. AUD/USD may thus look past Australia’s jobs report.
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FX Week Ahead - Top 5 Events: US Retail Sales; Canada Inflation; BOE & Fed Rate Decisions; Australia Jobs
The economic calendar is supersaturated as we turn through the ides of March.
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Implied Volatility: What is it & Why Should Traders Care?
Implied volatility, synonymous with expected volatility, is a variable that shows the degree of movement expected for a given market or security.
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Gold Price (XAU/USD) Outlook - Looking Over the Edge of a Cliff
The precious metal remains at risk of a further sell-off with little in the way of strong support ahead of the low $1,600s.
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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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South African Rand Dollar Price Forecast: USD/ZAR Bounces Between Key Levels
The Resilient Rand Remains at the Mercy of US Dollar Strength
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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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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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The US Dollar soared against the Indonesian Rupiah, with USD/IDR eyeing its best month since the 1997 Asia financial crisis amid the coronav...
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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...